On the same cruise ship that Morgan returned home, John? Once again, the Huntelaar couple walked with him. Pen ~ fun ~ pavilion www.biquge.info

No one knows why these two giants were so destined, going to Europe on the same cruise ship on the same day, and then returning to New York on the same cruise ship on the same day.

Again, no one knows what they talked about on the cruise.

With the exception of the two of them, everyone knows only from historical records that the day after the cruise ship arrived in New York, JP Morgan began writing his 1907 legend. And in the process, John? Mr. Huntelaar also left a strong mark......

Today's U.S. financial markets have reached the most dangerous time, with a large number of banks being run on a frenzied basis, with the exception of a few banks such as the cash-rich Huntelaar Bank, which is almost unspared, and a large number of financial companies that own stocks but lack cash and are on the verge of collapse.

Cash, what is most needed at this time is cash.

So at the height of the crisis, the Treasury Secretary came to New York and announced $25 million in cash, and the elder Rockefeller visited Morgan, depositing $10 million upfront and promising another $40 million if necessary.

However, as the panic spreads, the money is not enough.

Therefore, when the time came to half past one in the afternoon of the same day, the president of the New York Stock Exchange came to Morgan in a hurry, claiming that if he could not get enough funds injected immediately, he would have to close the New York Stock Exchange, Morgan pointed at the other party domineeringly, and said sharply: "The market is not allowed to close before three o'clock in the afternoon, not a minute in advance!" ”

At two o'clock in the afternoon, the bankers in New York City arrived at Morgan's office.

It only took a dozen minutes for Morgan to raise $23.6 million from these bankers! At the same time, the president of Huntelaar Bank, Andrew? Mr. Carter also arrived at 2:10 p.m. and announced on the spot that he would provide $20 million in cash and an additional $30 million if necessary for JP Morgan to dispose of!

This number immediately frightened a large number of people!

You must know that even the old Rockefeller only took out $10 million, and the Huntelaar Bank actually took out $20 million in one go, and there are still 3,000 reserves ready to use.

Such strength is simply appalling!

However, Morgan was not moved by this result, but expressed his gratitude reservedly, and immediately ordered the bankers to invest the money in the rescue operation......

In later records, this day is a legend.

When the NYSE got enough money, people cheered and threw their hats into the sky; After just half an hour, tens of millions of dollars were loaned out, with interest ranging from 10% to 60%, and the clerk only had time to write down the name of the lender; When Morgan left, he threw down the phrase "If people keep their money in the bank, then everything will be fine." After that, everything went down in history.

The devastating banking crisis was so far-reaching that Americans discovered the inadequacies of the financial system, and five years later established the Federal Reserve, which would later be discredited. It put Morgan on the altar completely, leaving behind a well-known legend; It has also allowed a rapidly rising bank to reap the staggering benefits of the crisis, which has become the most high-profile bank in the United States......

……

From October 1907 to the end of 1908, the United States was plunged into brief darkness.

In 1908, the economic data of the United States fell by more than 10 percent, a large number of companies closed down during the recession, and the stock prices of countless companies plummeted. But at this time, a man, or rather a bank, appeared as a savior.

Throughout the crisis, the Bank of Huntelaar, the most famous, began to make frequent moves throughout 1908.

To sum it up, it's actually one word: buy!

In addition to bailing out the $20 million provided during the crisis, Huntelaar Bank bought United Copper with a charity attitude and a tattered price, and became one of the largest copper giants in the United States. No one knows whether Mr. Huntelaar and Mr. Morgan reached any agreement, but with Morgan's acquiescence and the support of President Roosevelt, Mr. Huntelaar entered the mining industry in one fell swoop.

The subsequent $30 million also acquired many companies with high-quality assets, but were affected by the banking crisis - mainly mines, ports, railways, and so on. By 1908, more money had been taken out by the Huntelaar Bank. While other banks are still worried that the crisis is not far away, they are cautiously shrinking their business, while Huntelaar Bank is fighting in the stock market, devouring a large number of high-quality assets like a demon.

At the same time, other companies of the Huntelaar consortium were not idle.

Taking advantage of the opportunity of cabbage-priced companies everywhere, the major companies of the Huntelaar system began to expand wildly. With the support of Huntelaar Bank, their development has never gotten out of control, and coupled with the uniqueness of their products, they have not been affected by the crisis at all. And at the height of the crisis, they began to make a move with their abundant cash reserves - crazy mergers and acquisitions of similar high-quality companies!

Huntelaar Chemical, for example, acquired 11 competitors in just one year, pushing ammonia production to 150 tonnes per day, with 400 tonnes expected in two years. The price of saltpeter in South America has completely fallen to the floor, and with these products that can be used to produce explosives and fertilizers, Huntelaar has reaped huge returns from the United States and Europe, and has attracted strong attention from the major powers in Europe and the United States.

With the help of countless new chemists, the production of plastics and explosives has also advanced rapidly.

It has become a representative product of Huntelaar Chemical, but the output of traditional smokeless explosives, Huntelaar Chemical could not enter the top five in the United States before the crisis, but after the crisis, it has been the first in the United States and the top five in the world!

Another example is the Newport News Shipyard, which is developing just as fast!

On July 3, 1907, the USS Michigan, the first South Carolina-class battleship built by Newport News Shipyard, was officially launched, making the United States the second country to have a Dreadnought-class battleship. And the great progress of the Americans, in addition to the great joy of the Admiralty and President Roosevelt, surprised the British! Although the British were stronger overall, it took only a year from design to launch, while the Newport News shipyard took more than two years, but if you just look at the parameters of the battleship, the difference between the two is not large.

The Germans, who were in dire need of new warship technology, secretly sent someone to contact the Newport News shipyard......

Soon after the launch of the first battleship, the Admiralty sent an order to Newport News Shipyard for a second ship, but this time it was much more expensive, and almost all the money they had put on the first ship was earned.

In order to meet the upcoming tide of shipbuilding, taking advantage of the great opportunity of this crisis, Newport News Shipyard built two new giant docks and acquired six shipyards in one go, two of which are still quite large shipyards, and the scale instantly jumped to the first place in the United States. At the same time, the addition of a large number of skilled workers and engineers, coupled with the know-how gained from secret trading with the Germans, also brought the shipyard to a higher level......

When the whole United States was in a depression, the Huntelaar consortium had a great appetite and ate desperately.

Minerals, machinery manufacturing, ships, weapons, chemicals, in these areas the Huntelaar consortium is almost a meat and vegetarian taboo, and many people can't understand it because of its large appetite. They really can't understand why the Huntelaar consortium is so eager to swallow up, even if the economy is sluggish, a large number of enterprises have collapsed, and everyone is reflecting on the harm of excessive borrowing in the past few years, and why the Huntelaar consortium is still so eager to swallow up, and even borrow from banks in a big way.

In 1908, the Huntelaar consortium stunned the major conglomerates.

And that's not all, when the 1908 U.S. election began to draw closer, everyone knew about John? When Mr. Huntelaar was backing President Roosevelt's successor, Mr. Taft, and the signs of his victory became more and more apparent, it was known that the Huntelaar consortium would probably continue to be so "crazy" for years to come...... (To be continued.) )