Chapter 39: Crisis
Just ten days after Johan's arrival in Germany, Bergmann died. Pen | fun | pavilion www. biquge。 info
In John? At his insistence, Mr. Huntelaar gave Professor Bergmann a grand funeral, which was attended by almost all the surgeons in Berlin. As the best graduate of the University of Berlin Medical School in history, and at the same time a faint leader in the world of foreign medicine, Huntelaar's influence in the field of surgery was vividly displayed at this funeral.
After the funeral, John? Mr. Huntelaar began a long life of seclusion.
With his current status and status, it is of course impossible to want absolute seclusion. In fact, from the first day the cruise ship arrived in Europe, countless mysterious figures surrounded him, both bright and dark! These included Germans, Englishmen, Frenchmen, and even Italians and Russians, and on the first day of his arrival in Europe, John's father-in-law, Mr. Brister, sent him a team of bodyguards of more than thirty men to protect the couple closely.
From March 1907 to the beginning of October 1907, John spent half a year in Berlin.
In the past six months, except for friends in the medical field, he has refused almost all invitations and all visits, and has been with Anna wholeheartedly. The two of them played ball and planted flowers at home, or went on short trips to England and France, bought their favorite oil paintings and other artworks, or enjoyed the fierce football match, and spent a rare wonderful time. Of course, what is not known is that during this period he also secretly received several groups of guests, including representatives of the German Navy, the British Navy, and the Krupp Company, as well as American ambassadors and military attaches to Britain and Germany.
John promised nothing and did not refuse anything.
He knew that the Germans wanted the technology of the Michigan, the hydraulic retreat technology he bought from France, and the production process of synthetic ammonia, and he also knew that the British wanted not to trade with the Germans and remain neutral in addition to the synthetic ammonia process. He also knew that at this time, although the atmosphere in Europe was not so tense, the smell of gunpowder had gradually become stronger. And as an American, the best choice at this time is to remain neutral, because neither Britain, France, nor Germany and Austria can offend him as a small American tycoon.
So John won't promise anything until he returns to the United States.
And......
As the owner of the world's largest wireless communications company, John always carries a high-powered radio transmitter with him wherever he goes, and keeps in touch with the United States at all times. Because he knew that the opportunity he had been waiting for more than ten years and had been preparing for two years was coming soon......
……
For more than 100 years, there has been no so-called central bank in the United States.
Therefore, at the end of the 19th century and the beginning of the 20th century, the intervention in the banking industry in the United States was generally done by a single person, who was the famous JP Morgan, the emperor of Wall Street, and the financial emperor of the United States. Even if the U.S. government wants to do something, it generally has to go through Morgan to arrange, so even if Roosevelt dares to target Northern Securities, he still has to approve the merger of U.S. Steel, and later tolerates Morgan many times.
At the beginning of 1907, Morgan left for Europe.
This is not a good time for him to leave the United States, because since the second half of last year, there have been many signs of not so good in the financial markets, and some people have reported about this. But Morgan didn't think the problem was that big and insisted on going to Europe in search of the so-called "artistic atmosphere......
It all came together.
In 1906, railroad companies and insurance companies in the United States were hit hard. The plunge in stock prices put them under enormous financial pressure, with some brokerage firms shutting down, and the resulting panic caused more than a billion dollars to wipe out Wall Street's wealth. Beginning in April 1907, more bad news came, American Steel announced that the company's earnings were dwindling, Morgan's idea of forming a shipping trust failed, and the judge ruled that Standard Oil was illegal and issued a hefty fine of $29 million; The bad news from Hamburg and Amsterdam has US gold starting to flow into Europe......
By October 1907, the scapegoat had emerged.
At this time, about half of the bank loans in New York were pledged by trust and investment companies with high interest returns, and they were invested in high-risk stock markets and bonds, and the entire financial market fell into a state of extreme speculation. At the time, the Nick Burke Trust, the third largest trust in the United States, went on a debt raft to buy shares of United Copper on the stock market, but their failure led to a great Wall Street panic and rumors of Nick Burke's imminent bankruptcy.
Without central bank regulation, the market is extremely speculative and poorly informed......
and other factors combined, and finally overwhelmed this market. First of all, the trust company involved in the acquisition of United Copper and several major banks began, and the rumors made people panic and run on them. The bankruptcy of some of these banks and trust companies triggered a domino effect, with banks recovering loans, stock markets plummeting, people running out, and several large banks on the verge of collapse......
I won't say much about the specific process and the form of the crisis, but by October, the U.S. financial market was on the verge of collapse and urgently needed a large amount of capital injection! And there is only one person in the whole United States who can do this!
JP Morgan, he's back in the most critical moment!
One October morning, John Pierpont Morgan boarded a white-horse-drawn carriage and headed for his office at 23 Wall Street. By the time, people all over New York had seen Morgan's picture on the front pages of major newspapers that called Morgan the savior of New York City. Morgan was accompanied by his son-in-law, and the man later left a vivid picture of the atmosphere that surrounded the giant that morning: "On the way down town, any glimpse of him (Morgan) in a carriage alerts passers-by. As soon as the policemen and coachmen who knew him saw him, they shouted, 'The old man is coming,' and 'The chief is coming,' and those who heard him knew who they were talking about, so they ran after the carriage, just wanting to catch a glimpse of Morgan. In the vicinity of Trinity Church, when the crowd knew who was sitting in the car, they immediately got out of the way and followed us. He made people so excited, as if a general at the front of the queue was swinging his army to rescue a city besieged by the enemy. Morgan had been sitting upright, not squinting, and seemed to have paid no attention to the excited crowd, but it was evident that he was quite happy......
Amid the cheers, Morgan climbed the steps in front of JP Morgan and walked straight into his private office.
Next, Morgan began to gather his "subordinates", including the president of the First National Bank of New York, the president of the National City Bank, and other big names in big banks and trust companies. At the same time, after an overnight meeting with Morgan's partners, the U.S. Treasury Secretary, who had rushed to New York, announced that he would formally support Morgan and provide $25 million to increase liquidity......
By this time, the Americans had pushed Morgan to the altar.
But no one knew that just after Morgan walked into his office, his indifferent face quickly sank, and he sat on the comfortable sofa, his eyes gradually narrowed...... (To be continued.) )