After a while, the two of them got up one after another and became well-dressed upper class people. Who would have thought that the two of them had just done something obscene? Natalia found a suitable shirt for Sheffield and then asked, "United Company

Why should we collect funds? This would be risky even if it is not our business.”

"No, because I am not as corrupt as those bankers. This is a worse world. Just like this antitrust law crisis, I don't necessarily need to disgrace the Department of Justice and get away successfully. Roosevelt's term is at best

It's only four years, and the main target is definitely not me. As long as I show that I'm not easy to mess with, the Ministry of Justice will find trouble for others." Sheffield explained easily, "For example, there is only one track now, and many companies can't.

Off the existing track, and a wolf named the Ministry of Justice appears on this track. I don’t necessarily have to kill this wolf, because I may not be able to defeat it. I don’t need to surpass everyone, as long as I ensure that I don’t

It’s okay to be eaten, the wolf will eventually be full.”

It can be said that the slave owner has no reservations about his partner who sleeps in the same bed every day. "As for why I am safer than those bankers in the economic crisis, it is because those bankers are greedier than me. There are many types of business, including selling raw materials, manufacturing

Industry, the financial industry, but there are certain rules. Bankers in the financial industry are the fastest to cash out, but they also have the least foundation. Morgan continues to develop towards the real industry, including railways and steel. There are two considerations. First

The first is to stop himself from appearing weak, and the second is because of greed, and the stock market is where he dominates."

Seeing Natalia nodding in understanding, Sheffield said, "The key point of this time's artificially high stock market is the establishment of U.S. Steel. Morgan Alliance used a large amount of funds to push up the stock price of the steel company.

, of course the Rockefeller family and I are also beneficiaries, but now the valuations of the two steel companies are exaggeratedly high, and the bull market caused by this has attracted countless retail investors."

"In this case, wouldn't Morgan be unlucky too?" Natalia was confused by Sheffield and asked blankly.

"Capital is the most honest. Morgan must have been able to predict the coming crash, and he would have taken a stand before that. As for the plummeting share value of U.S. Steel, it was a completely acceptable loss for his subsequent harvest.

Sheffield shrugged, "U.S. Steel is just a tool used by Morgan to push up the stock market, just like railroad stocks during the economic crisis thirty years ago."

Sheffield remembered that when economic crises hit in history, Morgan transformed into the country's savior. He organized a coalition of bankers, set up an emergency audit team, assessed the losses of troubled financial institutions, and provided financial assistance to financial institutions in need of funds.

Provide loans and buy stocks from them.

He first injected his own funds to meet urgent needs, and then the Roosevelt administration gave Morgan access to government funds to alleviate the crisis. Afterwards, he convened in his private library and asked other bankers with an iron fist to contribute capital and promised to ensure market liquidity. Afterwards, he

Proof, every financial institution backed by Morgan survived.

In the eyes of citizens, Morgan has become the savior who turned the tide. However, this round of chaos in the stock market and financial industry started when the Morgan Alliance merged with the steel industry, making U.S. Steel the most valued company in the stock market.

"So Morgan's purpose in establishing U.S. Steel was, on the one hand, to have his own foundation in the real industry, and on the other hand, to use this foundation to absorb cash from retail investors. This is how he made money." Natalia covered her mouth,

I heard another world from Sheffield, "This money is so profitable. Such a powerful U.S. Steel Company is just a tool in Morgan's hands. It is too much to treat such a powerful company as a shell company."

It’s a waste.”

"It's easy to pay!" Sheffield tapped the tip of Natalia's nose and whispered, "No matter how big a banker is, the financial industry itself is a high-risk industry, and no one can be foolproof. Morgan will find out soon.

, some of his loans cannot be recovered, and the Morgan Alliance is at least much looser than the Rockefeller family. Many situations are different."

At least for Japan's loans, it would be very difficult for Morgan to repay them in a short time, not because he didn't want to repay them, but because Japan really had no money after the Russo-Japanese War.

"Then what kind of company do you think has the best ability to withstand this kind of risk?" Natalia was completely interested at this time, and kept asking questions like a curious baby.

"Me!" Sheffield thought for a moment with a cold face and said with some frustration, "There are also companies like DuPont. We are all asset-heavy companies and will never lose everything overnight. So in the past two years,

The two companies are engaged in a price war, but DuPont has not been affected, at least on the surface."

Once the economic crisis breaks out, cash is king. As for whether there will be any problems in withdrawing funds from many businesses from now on, Sheffield believes that there will be no problem. At least in 1905, United Company's

There is no need to worry about selling the products. The more basic the products, the better. For example, in the mining industry in the Great West, the price of copper has increased by 100% and the price of lead has increased by 92%. There is no backlog and the supply is still in short supply.

Because of this great environment, the life of the DuPont Consortium has been very smooth, and there have been many back and forths with the United Company.

And although Sheffield knows in his heart that the stock market is already full of junk bonds, the several listed industries in his hands are definitely not the same, so naturally there is no need to worry too much.

Not to mention anything else, even at present, the importance of Northern Securities Company to Morgan is incomparable to the importance of Can and Bull Trust to United Corporation. The contest between Northern Securities Company and the Ministry of Justice has entered the second stage.

Entered the stage of game in the Supreme Court.

At this time, many companies in the United States were responding to lawsuits. While Northern Securities Company was competing with the Ministry of Justice, temporary courts in various places began to try the trust companies involved in the case. This naturally included United Company, and Pat led a team of lawyers.

Rushed to South Dakota to answer the lawsuit in a temporary court there.

"The Ministry of Justice is really good at choosing places!" Pat got off the train and took a long time to get to the location of the temporary court, Sioux Falls. Sioux Falls was named after the nearby waterfalls.

As the chief lawyer of the joint company, Pat asked himself that this should be the most remote place among the destinations for his lawsuit. This cannot be blamed on South Dakota. The population here is only 200,000, and Sioux Falls is already the largest city in the state.

, at least there are 30,000 to 40,000 people.

Normally, Pat might not complain so much, but this time it was different. He was used to making cars, so he had to go back a few years and enjoy the romance of horse-drawn carriages. As for the two carriages at the back, they were jammed.

Full list of trust responses and materials prepared.

The Sioux Falls District Court has found out that in this vast and sparsely populated state, where the main economy is agriculture and meat processing is a pillar industry, this court has indeed not heard any big cases. Even the local judge

, couldn’t understand why this was chosen as the location for the temporary court.

Not to mention the local judges, even the three temporary judges who came here felt quite cold when they saw the conditions here. Even if they want to prevent someone from interfering with the trial and do not set up the temporary court in the south, there is no need to hide so far away.

?

The three temporary judges didn't know that even being so far away was of no use. South Dakota's pillar industry is meat processing. It's a very coincidence that two important members of the beef trust are South Dakotans, and they still rank very highly.

In order to avoid suspicion, the Ministry of Justice did not want to move to a big city like New York. It did not dare to put the temporary court in the Dixie area, so it chose this seemingly safe place, but it was still a mistake.

In the court, which usually does not attract much attention, this unfair competition monopoly between the two trusts of beef and canned goods has begun. The prosecutors presented evidence proving that the trusts manipulated prices, and the Ministry of Justice began to question the two trusts.

Pat turned a deaf ear and was still recuperating from the long journey. He listened to all the questions in one ear and out the other, secretly showing that he understood from time to time. His indifferent attitude angered the three temporary judges sent by the Ministry of Justice.

"I'm sorry, judges, but again I have to say first of all, trusts and trusts are also different. Not all trusts are not good for the country, at least my client, the trust they are in is the protector of the vast number of farmers,

All you well-dressed gentlemen should understand that farmers are a vulnerable group." Pat finally listened to the accusations faced by United Company, stood up slowly but firmly, and said forcefully, "I think the Ministry of Justice's attack is very hasty.

The same goes for a trial."

"I wonder if Mr. Lawyer has any valuable materials to hand over?" one of the temporary judges asked.

"Yes, please wait. It's not easy to bring it here." Pat stretched out his index finger and nodded to his assistant. Then piles of response materials, as well as the client's authorization letter, were continuously reviewed by several assistants.

They moved to the court and eventually piled up like a hill, surprising several temporary judges.

"This is the response materials of eighty-four trust members and four hundred and fifty-two agents." Pat coughed softly and teased, "Mr. Judges, please? We are all law-abiding businessmen.
Chapter completed!