Chapter 237 Two-on-two game
"Actually, in this matter, it is inappropriate to compete head-on with Morgan for financial strength, even if you win in the end. If you make acquisitions in the steel industry behind Morgan, it will be equivalent to raising the price. The final result is unpredictable! Just like William
Same thing as said."
The elder Rockefeller was not as free as his son. He did not mention a word about his daughter's life from beginning to end. He analyzed the current situation with a matter-of-fact attitude, "Morgan definitely doesn't just talk about putting things in order. He really believes that he can do it.
If we want to confront each other, it is best for our two companies to act together. In fact, Standard Oil is involved in too much energy, and the biggest obstacle is the investigation team of the antitrust law. Once Standard Oil and **** face a hard cap,
As an industrial company, Standard Oil suffered a lot. Citizens may not understand the stock market and how many tentacles Morgan has, but Standard Oil is here, and this is where we suffer a lot."
"William, you want nitric acid and a series of raw material markets, no problem, I can give it to you. In New Jersey, just north of DuPont, I once built seven factories, each of which was large in scale. Once
Update the machinery and put it into production immediately. I can also give you these seven factories for not a dollar." Old Rockefeller slowly requested, "But I hope you can promise me one thing, and stop Morgan from annexing steel.
In the industrial confrontation, United must play a greater role than Standard Oil."
"Although the joint company is more involved, it has no depth. At present, except for the gunpowder field, which has touched the threshold of antitrust law, many other industries have competitors. I have ignored the smuggling industry here!" Finally, the old man
Rockefeller looked at Sheffield expectantly, "Can you agree to my request?"
"But the opponent is Morgan?" Sheffield looked at the old Rockefeller with lack of confidence. He really wanted the control of the seven factories and raw materials that the other party mentioned, but when he thought of Morgan's powerful strength, this cake instantly disappeared.
It looks good but tastes bad.
"You have forgotten that there is a trust in the steel industry called Carnegie Steel Company. In fact, it is not difficult to stop Morgan. Whether it is United Company or Standard Oil, they actually have their own steel plants. Plus Carnegie Steel Company, it is enough to make Morgan's so-called
U.S. Steel's efforts to rectify the steel industry failed." Old Rockefeller replied, "Actually, the friction between myself and Carnegie in the early years was exaggerated by many people. After all, I knew him in the early years, not that we had known each other for a lifetime like Morgan.
One time."
"Neither you nor Little John know that Scott and I competed in the oil field. In the end, I used my huge assets to bankrupt Scott. Carnegie was Scott's most important assistant. The hatred that spread was
It started from that time, but I actually had an enmity with Carnegie's friend, not him himself. We have developed in different fields for decades. Even if there is hatred, it should be forgotten. The relationship between Morgan and Carnegie is pure.
It’s a matter of competition with him. Morgan has been involved in the steel industry for several years, not just last year. Carnegie has long discovered Morgan’s hidden moves.”
"They are in direct competition with me! I want to emphasize this point." Old Rockefeller paused at this point and revealed a secret, "The most important thing is that Carnegie's most important assistant has a good relationship with me. This assistant is very annoying.
Morgan. As long as you take action at the right time, you can make Morgan's U.S. Steel return in vain in the name of helping Carnegie. As for why I know this, because in the steel industry, Standard Oil also has companies that are secretly controlled.
, let’s put it this way, Carnegie is first, Morgan is second, and Standard Oil Steel Company is third.”
Sheffield nodded. He didn't know the fundamental reason why Rockefeller didn't stop Morgan in history. In addition to being threatened by antitrust laws, there was also the fact that Morgan finally exchanged shares of U.S. Steel for Rockefeller's asking price of 75 million.
In the end, the Rockefeller family and Morgan did not have a head-on confrontation and jointly controlled the U.S. Steel Corporation.
"What about Sheffield Steel Company? How many rows can it make?" Sheffield asked with great interest.
"About ten to twenty!" Little Rockefeller on the side thought for a while and answered this question.
So when Sheffield heard that, as long as he helped Carnegie Steel Company at a critical moment, he could let Morgan swallow the steel. At the same time, he could also get seven factories and chemical raw materials from Standard Oil. In the end, he shook his head and said, "But
I have no money!"
He remembered that Morgan finally offered a sky-high price of US$500 million, which was too much for the Carnegie Steel Company, a large trust in the steel industry. He could not refuse. How could United Company have so much liquidity?
"As long as you are willing to come forward, we can jointly finance it. As for the conditions, they are the same as previously agreed. Seven factories and a market for chemical raw materials. It will be treated as Edith's second marriage, and I will give her a gift."
As a father, the old Rockefeller can be regarded as a benchmark. When his daughter got married for the first time, he invested 30 million US dollars to buy the shares of International Harvester Company and gave them to his daughter. This time, seven more factories and raw material markets were opened, which was no problem at all.
It is no lower than the last time. This is also compensation for the unharmonious marriage of my daughter.
Who can bear to throw money at this? As long as Sheffield saw Edith Rockefeller coming down, the greed in his heart would overcome everything. He gritted his teeth and said, "Okay, I agree to this request and will never let U.S. Steel control the steel industry."
.”
After the continuous mergers and acquisitions and reorganizations in the past year, U.S. Steel has grown extremely astonishingly. In fact, this steel giant brought together by Morgan has become no less than Carnegie Steel. Especially after the acquisition of Roland Steel.
in this way.
According to Morgan's original idea, as long as Rockefeller Jr. agreed to transfer the mine and excluded the Rockefeller family, he could formally negotiate with Carnegie. However, he did not expect that Rockefeller Jr. was not blackmailing this time, but really refused to sell.
After the discovery of the Texas oil fields, Standard Oil suddenly paid attention to its industrial and mining industries. Even if oil may not exist, it is good to have other resources. Various mineral exploration teams are exploring in its mines.
It can be said that the emergence of the Texas oil fields a few years earlier caused the Rockefeller family to re-evaluate its industries and also disrupted Morgan's plans.
Also in New York, at the **** headquarters, the smug Morgan stood by the window of his office and looked at the flow of people below. This was his personal habit. He liked to stand on the edge and look at the small flow of people below. It gave him a sense of
Sense of achievement.
"Father, Mr. Eugene Dupont has arrived!" Little Morgan pushed the door open and said softly behind his father.
"Invite our guests to come in. The DuPont complex is extremely important to our business." Old Morgan came back to his senses and said to his son, "You go to receive other DuPont guests, and I will have a good talk with the person in charge of the company.
talk."
After merging with Rowland Steel Company, U.S. Steel's production capacity has accounted for more than 40% of the steel industry in the United States. It can be said that it is slightly better than Carnegie Steel Company in terms of strength. What is lacking is the ability to integrate, and
The new company may not be as well-known as Carnegie Steel in the eyes of citizens.
For this reason, Morgan even gave the DuPont family some shares and completed the replacement of Roland Steel Company. Morgan also paid unprecedented attention to the DuPont consortium. After the Mexican debt problem was stolen last year, he knew that he could go it alone and
It cannot solve all problems.
Although the Mexican public debt operation was led by Rockefeller Jr., without the help of the United Company headquartered in Texas, who used his contacts to help Rockefeller establish relationships in Mexico, he would never have had any reaction time.
"Mr. Eugene, please take a seat. You are the most distinguished guest here recently." Seeing Eugene Dupont come in, Old Morgan was very polite. This was his ally chosen on his own initiative to fight against Standard Oil and United Company.
trump card.
"It's not noble, I'm a mediocre person. Under my management, the DuPont Consortium was overtaken by a latecomer in the field it was best at for the first time in a hundred years!" Eugene Dupont smiled and touched his white hair.
Fa said, "Many people compare me to Henry, and I know this."
Morgan was a little surprised. It seems that Eugene Dupont is not a person without self-awareness. At least he still has a good judgment of the general trend, but he does not have the decisive action. But this is his purpose. He continued, "Many people hate me very much."
Intervening in the industrial field, fortunately Mr. Eugene did not show any objection. Then I can speak directly. It is now a two-on-two game, **** and DuPont Conglomerate, and the opposite is Standard Oil and Sheffield United.
company."
"Although I have been developing in the industrial field, I have always lacked a reliable friend. I envy Rockefeller for this, he can find him." Morgan sighed, but he was just pretending and didn't take it to heart. "
I finally found it, Mr. Eugene, and we can work together to put order in the United States. With your help, I believe my path will be easy."
"This is a two-on-two game, but DuPont's strength is a little weaker, and it is a bit reluctant to face the United Company alone!" Eugene Dupont said truthfully, "This time we have not grabbed the share of war materials."
"If this is the problem, Mr. Eugene, you only need an opportunity. As far as I know, the British Empire is mobilizing its army to fight in southern Africa." Morgan chuckled, "If it can intervene, the DuPont Consortium can
Chapter completed!