Chapter 262 The Alliance
"Due to the last cooperation, both parties have a certain understanding of each other. Personal guarantees are very weak here. Please tell the British government that I will provide as much help as possible to the Prime Minister, Mr. Salisbury."
"Morgan took out a cigar, put it in front of his nose, smelled it, and said slowly.
This is not the first time that Morgan has taken over the British debt problem. In fact, during the first Boer War, Morgan used financial institutions to finance the Boer War. It started with 15 million, and then repeatedly increased it to nearly 200 million.
Of course, this move also made him a lot of money, and he became a guest in many countries.
This time the Boer War was already familiar to Morgan, and it was easy to do without any difficulty. However, Morgan still put forward his own additional conditions, "I have a friend's company that is currently in operating difficulties. If the Boer War
A part of the share can be produced through his company, and he can get out of the current predicament."
"I wonder what kind of business Mr. Morgan's friend is in!" Edward asked with confusion.
Morgan smiled and finally said one word clearly, "Dynamite!"
"This matter needs to be evaluated by the London side. I can only convey this opinion to London." Edward frowned slightly, indicating that this matter was beyond the scope of his own decision-making. It was related to the outcome of the war and included a foreign company in military supplies.
The supply system is not that simple.
"Please convey this to me!" Morgan was very calm and composed, seeming to have a high degree of confidence in this matter.
The news that Morgan was about to undertake the issuance of British public bonds soon spread like wildfire in the financial industry. Morgan himself released the news. He was not a taciturn old Rockefeller. He had a clear understanding of his career. Bankers
The most important thing is to give others confidence.
It was also the series of successes over the years that caused many speculators to have an almost superstitious trust in Morgan, which allowed him to establish his own financial empire and be unfavorable in the financial industry. In Morgan's eyes, let alone competitors, even this kind of
It's best if you don't even have any signs of it.
Now Morgan needs news from the British to show that he is still the king of the financial industry. The name Morgan represents wealth and will not be affected by some minor setbacks.
First, the Panama Canal project, and then Morgan's assumption of the British debt. These two matters were discussed by citizens at the beginning of the new century. It seemed that the American century, which had been discussed for a long time, had really arrived this time.
"Frick told me that Carnegie was no longer enthusiastic about the steel company." Sheffield, who was preparing for the Panama Canal project at Oak Manor, was once again blocked at the door.
Sheffield was holding a cup of coffee to drink when he heard what Rockefeller said. He was stunned and asked calmly, "Who is Frick?"
"Frick is the president of Carnegie Steel Company and has a good relationship with our family!" Rockefeller Jr. said, "Didn't you say that we should work together to prevent Morgan from entering the steel industry?"
"But I don't have much liquidity now!" Sheffield spread his hands and said, "How much is Carnegie's huge steel empire worth? Who can give an accurate price? You also know that I am working on the Panama Canal project.
."
"Do you think Morgan is very rich?" Old God Rockefeller asked, "Do you really think all his money is his own? When needed, the money of the entire United States seems to be his, but his own
There are not many assets.”
"I really want to know, the boss of Standard Oil didn't say it was a lot, but how much is it?" Sheffield chuckled. The definition of assets in this era is actually very clear. Stocks are not actually one's own wealth. Mines that are also invested in
Fixed assets are also not included, so the properties of many wealthy people are undervalued.
"I estimate that his property must be less than 100 million!" Rockefeller Jr. gave his answer, "However, as a banker and financier, the assets that Morgan can control far exceed the assets he actually owns.
, that is to say, not all the money he spends belongs to him. The Morgan Alliance and the Morgan family are collectively called the Morgan Alliance. In the Morgan Alliance, the board of directors is led by a chain of directors with Morgan Company as the axis, with large financial capital below and above.
Thousands of major financial institutions are interconnected, forming a huge and well-organized Morgan system. The assets of the Morgan system are indeed amazing, but most of the companies that Morgan invests in are not fully controlled, and they are not Morgan's personal investments.
The shareholding is also a shareholding of Morgan Bank, not Morgan."
"That is to say, with a personal fortune of less than 100 million, Morgan controlled several Morgan banks and controlled the Morgan Alliance system with billions of dollars!" Sheffield stared at Rockefeller, "I now know why antitrust is
Mr. Fa is keeping an eye on your Rockefeller family and won’t cause trouble for Morgan anymore.”
These two equally famous companies, one is from the United States and the other is from the Soviet Union! Most of the Rockefeller family’s money is their own, but the Eastern European countries have a weak system. And Morgan is not only rich himself, but also the one who can provide assistance.
The existence of other supporters of the system, notably the Five Eyes alliance plus NATO, increased Morgan's power to an unparalleled degree.
Therefore, once Morgan starts to make moves, he usually makes big and surprising moves, such as taking on public debt and spending money like water.
Although the Rockefeller family does not have such a powerful system, its wealth is still higher than that of Morgan, which established its position as the richest man in the United States. This also led to the promulgation of antitrust laws. From the beginning of its promulgation, this was directed at the Rockefeller family.
I don’t know how much money the Rockefeller family has made by relying on oil over the years. Sheffield couldn’t help but sigh, “First of all, the United Company does not have enough funds. It will take a while to arrange it. The money that should be invested has also been invested. It has to wait. I think steel
There is still time for industry matters, so why don’t you pretend to be negotiating and trying to catch Carnegie?"
"Opportunities don't come to you. If it weren't for the antitrust laws, I would have taken it on my own." Rockefeller said funnyly, "Why are you so anxious? If it doesn't work, can Standard Oil lend money to the United Company?"
"Are you sure you don't want to swallow up the United Company? You big crocodiles, it's better to be on guard. Of course, maybe you want to amend the Texas oil field contract?" Sheffield said dryly, "It's not very serious anyway.
If you’re anxious, you can definitely wait.”
Sheffield now is not a question of whether to take a breather, but that it must take a breather, gather together the current industries, and see if there are any omissions. In other words, choose an industry to cash in, but the oil field cannot be used to cash in, Germany
The Texas oil fields will be very important to the United States a hundred years from now. It would be foolish to cash in on this industry.
"John, you have to know that Morgan did not spend his own money. You and I both spent our own money. What should we do if Carnegie Steel's premium exceeds this range? I think even Rockefeller and Carnegie did not
Even if the acquaintance was so discordant as rumored outside, he couldn't withstand Morgan's real money increase in price. Even if your father once let Carnegie off, how much would this friendship be worth today? Can it be worth ten million US dollars?" Xie
Field drank the coffee bit by bit, pursed his lips and said, "In the end, this acquisition will depend on how much money can be spent."
If it's because of the steel industry that it's hard to fight Morgan, Sheffield doesn't think it's worth it. But if Morgan doesn't let go, then this is the only way out.
The steel industry is not an industry where you can make tricks. For example, in the chemical industry, Sheffield can find help from Germans. However, the level of the steel industry is similar around the world. If you don’t introduce high and new technologies, you will ignore others’ claims.
"Think about your allies. In fact, it is not impossible to use the power of the alliance." Young Rockefeller thought for a moment and said, "There are more than hundreds of companies in the South that have been helped by the United Company? During the process of reconstruction in the South, didn't your family establish
Is it prestigious?"
"Speaking of this matter, it's really thanks to the land-scraping looting by you Yankees. Otherwise, the United Company would not have the status it has in the southern states. The loss of four million black laborers is not a big deal here. There are so many plantations.
The Lord was forced to flee by you, and the industries below were swallowed up. But fortunately we are an electoral country and we didn't let you be arrogant in the south for too long." Sheffield snorted and smiled, "Don't be angry, thank you for helping the United Company get rid of it.
I am sincerely grateful to the many competitors in the south."
"You're welcome. In fact, it's not that many farmers in the south don't want to transform over the years. It's just that they don't have such an opportunity! Isn't Carnegie's steel kingdom attractive enough? I believe you first made the call, and many small and medium-sized enterprises in the south
, will definitely take action after hearing the news." Young Rockefeller waved his hand to show that he didn't care, "If in another ten or twenty years, the generation that experienced the Civil War is dead, the United Company will not be able to speak so easily.
"
"I'll try to buy you a year!" Rockefeller Jr. calculated the time and said, "For such a large corporate merger, one year of negotiation time is normal. If it takes more, I won't be able to help."
Make good use of the power of the alliance? Of course Sheffield understands what Rockefeller said, but the South is full of small and medium-sized enterprises. Whether they can raise enough funds for mergers and acquisitions is still unknown. You can't find a hundred millionaires and borrow one million each.
Bar?
Chapter completed!