It was already ten o'clock in the evening, and the auction was still continuing.

The fat man won two auctions in a row, spending a total of 14.6 million US dollars, this price exceeded the budget, Li Mu guessed correctly, the fat man was a Rockefeller man, and Carnegie became the biggest winner, only spending 600,000 US dollars, and got a share of one percent.

The word "only" is a good use, if you exchange six hundred thousand dollars for cash, many people have never seen so much money in their lives, but tonight, it was just the most inconspicuous transaction.

This is a real feast of wealth, and presumably after tonight, the witnesses present should have more motivation to chase wealth, and they definitely don't want to be spectators next time.

Rockefeller is still atmospheric enough, although the cost is a little higher, but since he bought it, Rockefeller will never regret it, when turning his attention to other aspects, Rockefeller's profiteer attribute comes into play: "Ream, how about we join forces to make an auction?" Just put the venue at Castle Clinton and come here every other day in the future, what do you think? ”

This is actually the first auction in the United States, and before that, most people didn't even know about the auction format.

Rockefeller didn't know that in Rockefeller's estimate, the shares of the Rose Company were worth about $60 million, so every five percent was $3 million, but he didn't expect that after the competition at the auction, these stocks had sold for an average price of $7.1 million so far.

"Of course, in fact, I am preparing to set up an auction house in New York, stocks, art, land, real estate, etc., as long as someone is willing to buy, we can sell it, this is a great way, isn't it, it can make the transaction safer and more convenient." Li Mu also had this idea, and hit it off with Rockefeller.

"Then we must hurry up, this guy is invited from England, isn't he? If we wait for him to go back, our situation here will definitely attract the attention of his boss, and maybe we will have to face competitors at that time. "There is no psychological barrier to crossing a river and demolishing a bridge.

"Hehe, don't worry, this is our territory, and British companies can't come in without our permission." Li Mu has confidence, as long as Li Mu is willing, Li Mu can also do what the British do.

The British are not allowed to enter the UK, if Li Mu is willing, Li Mu can also block British companies, at least in New York, with the relationship between Li Mu and Arthur, it is not easy for the British to register a company in New York.

"Hahahaha—I like you—" Rockefeller laughed wickedly.

"It's disgusting, I don't need your liking." Li Mu refused, his sexual orientation was normal.

The auction continued, and the capable young man finally began to exert his strength, and also won two auctions in a row, but the amount spent had reached fifteen million dollars, and it seemed that seven and a half million had reached the limit, and every time this price was called, everyone would die down.

Li Mu is not worried, the final finale is nine percent, and it is certain that the most fierce competition will be triggered at that time.

So far, the auction has passed the halfway process, Rockefeller has received 10 percent, Arthur has received 10 percent, and J· P. Morgan got five percent, Mitch Gilbert and Dick Anderson finally realized that they couldn't compete with the New York tycoons alone, and the two teamed up to get the same five percent for $7.5 million, and John Vanderbilt still got nothing, apparently pressing the treasure on the last nine percent.

It was time to break again, and William Vanderbilt went up to the second floor to find Li Mu.

"Reem, I need your help." William Vanderbilt doesn't go around in circles, he comes up and talks directly.

"Of course, my friend, it's my pleasure to help you." Li Mu agreed.

"Reem, I want an emergency loan from the Bank of America, I can use the shares of the Erie Railroad as collateral, how much can you take out now?" William Vanderbilt is here looking for money.

"How much do you want?" Li Mu's spirits were greatly boosted.

While railroad stocks are falling, there are still some stocks that are still strong, and Yili Railroad is one of them.

When the Erie Railroad was completed and opened to traffic from Pyrmont on the Hudson River to Dunkirk on the shore of Lake Erie, it was the longest railroad in the world at that time, and the rugged route brought many technical difficulties to the construction of the project, and the initial estimated investment was only $10 million, but when it was completed, the cost of the Erie Railroad was as high as $23.5 million.

Because of the repeated cost increases, investment firms were forced to go to Wall Street again and again to raise the money they needed, so that a special capital structure was formed, including a batch of convertible bonds that allowed holders to switch back and forth between bonds and stocks at will, which was unique in the history of Wall Street, and this characteristic made it a near-perfect speculative tool.

The stock of the Erie Railroad was called "the scarlet woman on Wall Street", which can also be understood as "", which shows how violently it jumped up and down at that time.

Today, the Erie Railroad is no longer the longest railroad in the world, and the Pacific Railroad has long since taken its place, but the peculiarities of the Erie Railroad stock have not changed, and it is still the best speculative tool.

"Ten million dollars." William Vanderbilt the lion opened his mouth.

William Vanderbilt knew the relationship between Li Mu and the Bank of America, this auction was facilitated by the Bank of America, all the deposits were deposited in the Bank of America, and the follow-up transactions would also be carried out in the Bank of America, William asked for money just for book turnover, which was not a problem for the Bank of America, and the money would not even flow out of the Bank of America, so William Vanderbilt was sure that he would definitely get what he wanted from Li Mu.

"No, no, no, although the Erie Railroad is still valuable, it is not worth 10 million." Li Mu immediately refused, this is a loss-making business that cannot be done.

"Then add the New York shipyards." William Vanderbilt is on the verge of it.

"Yes, ten percent interest, if you're sure, then you can sign the contract now." Although Li Mu has a good relationship with William, he is not soft at all when he opens a black shop, and business is business.

"You're so dark." William Vanderbilt was very dissatisfied, but could only agree that at this point, only Bank of America could quickly mobilize large sums of money.

In fact, there is no need to transfer, after all, the money is in the treasury of the Bank of America, and it is just a matter of procedure when it is circulated on the books.

"William, I have to warn you, if you're betting on the last beat, you have to be careful." Li Mu kindly reminded.

So far, only five people have gained anything, Stuart and Carnegie have been cut off, and five people are empty-handed, including Jay Gould and Daniel, who have been targeting each other? Drew, until the last moment, no one can relax, maybe these people are also betting on the last beat.

"Don't worry, no matter what, it will definitely fetch a high price in the end." William Vanderbilt was upset, quickly signed the contract, and immediately went downstairs.

Li Mu had already been prepared, and representatives of the Bank of America were at Castle Clinton, ready to provide loans to these tycoons.

The representative of the Bank of America is Lawrence, this guy is really good, this auction is organized by Lawrence, although it is not much different from what Li Mu expected, but after all, there is only a short week of preparation time, and it is already unexpected to be able to do this step.

"The Vanderbilt family's auto factory has heard it's going to go into production—" Rockefeller sighed as William left, seemingly nonchalantly.

William Vanderbilt's business sense is still very keen, the first time he saw the car, William Vanderbilt determined the future of the car, and then invested in an automotive research institute, and purchased relevant patents from the Junma Group, ready to invest in an automobile factory.

It's been almost a year now, and it's indeed the season for the Vanderbilt family's factory.

"That's good for us, isn't it?" Li Mu is not worried, it is a good thing to have competition, and whether it is a car produced by Junma Automobile Company or a car produced by the Vanderbilt family automobile factory, in the end, he has to go to the gas station of Mobil Oil to refuel, no matter how he goes around, the money will still make Li Mu earn.

"If I were you, I wouldn't have cultivated a competitor to come out." Rockefeller liked to eat alone, which can be seen in the style of Standard Oil.

Until now, Rockefeller is still angry about Li Mu's forty percent stake in Mobil Oil, and of course Rockefeller has no idea of tearing up the agreement, because Rockefeller knows that Li Mu still has hole cards in his hand.

Although Rockefeller didn't know what Li Mu's hole cards were, Rockefeller could feel that if Rockefeller squeezed Li Mu out of Mobil Oil, then Li Mu's counterattack would be very sharp, and maybe it would be unbearable for Rockefeller.

Rockefeller didn't dare to take risks, Li Mu's performance was too amazing, and Rockefeller didn't dare to underestimate Li Mu.

"John, it's good to have competitors so that we don't sleep on the credit book, and we all need someone to remind us not to slack off, otherwise we will definitely become frogs in warm water." Li Mu disagreed, this is the difference in business philosophy.

"Frog in warm water – what do you mean?" Rockefeller looked confused.

Well, Li Mu forgot, there is no Cornell University yet-

No, Cornell University has already been founded, just east of the hill in the mountain town of Ithaca, New York.

Cornell University held its inauguration and opening ceremony on October 7, 1868, and a total of 412 students officially enrolled the next day, making it the largest university in the United States at the time.

Yes, it is, that's the state of education in the United States.