Chapter 114: Hughes's Plane Takes Off
On New Year's Day 1939, John was finally able to stay at home and get some rest. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć infoIn addition to making up for the debt he owed to his wife and daughter for Christmas, John also needs to take a good look at his gains and losses in the past year.
At Uncle Frederick's funeral, he found himself in a misunderstanding. may be because he came from an ordinary background in his previous life and his pattern was too low, although he grasped the opportunity of the general trend of history in this life, he restrained his hands and feet.
That's right, looking back at my performance last year, it seems that I have been very prosperous, and I have gained a lot in the business and political worlds. But his inner lack of confidence is also unmistakable. Every day, I think hard about how to take advantage of the situation and hug my thighs. Always thinking about taking advantage of the advantages of foresight to engage in speculation and reap benefits, this is in essence a lack of responsibility and lack of courage to face difficulties.
God let him come to this world, if he only thinks about being a rich man, it will be too useless to enjoy life. When he first crossed over, he could still be ruthless and start his own logistics kingdom. Although this "small goal" was largely due to the obsession of his previous life, and the pattern was not high, he still had the courage to change the world.
How come a few small setbacks and small accidents, I not only lost my ambition to change the world, but was also unconsciously changed by the world. As soon as I encounter a problem, I want to take a detour, look forward and backward, cower, hide if I can, and always be satisfied with being able to judge the situation and gain insight into the current situation. I should be too cowardly as a "traverser", and every step is pushed forward by outsiders and the general environment.
It's 1939 now, and the Second World War is just a few months away. In this world-changing human catastrophe, how many powerful trendsetters are actually far less powerful than the current John. Even Eisenhower was only a junior lieutenant colonel, and he had to rely on his help to transfer him back home from the Philippines. Why do you want to hug his thighs so bently, are you worse than him?
Even if Eisenhower later became the commander in chief of the Allied forces and the president of the United States, there was no need for John to feel that he was one level shorter. In the end, a capitalist like him is the real master of the United States. What is there to fear from a head of government who does not even have the right to issue currency.
What John lacks now is not money, status, connections, knowledge, intelligence, and ideas, but courage and self-confidence. His father once told him that the world was a playground for millionaires who could enjoy themselves to their heart's content. For those billionaires, it's a testing ground. They are like God, the Creator, who is able to change and reshape the world according to their own ideas.
John is still some distance from the billionaire level, but if he keeps this "dick" mentality in his previous life, then he will never reach this level in his life.
I still have a "golden finger", why hug other people's thighs and not let others hug my own? With the belief that he will become a "big thick leg" in the future, John confidently began his "hard work" in the new year.
The first thing to do in the new year is to mobilize forces to lobby Congress to pass the new defense budget as soon as possible. John received information from the War Department that both the D-2 bomber and the H-2 fighter had won the order for the right field base. Among them, 60 D-2 bombers cost $12.75 million, and 240 H-2 fighters cost $14.4 million. The Navy also ended up squirming for $4.1 million and ordered 60 old air-cooled H-1 fighters.
Coupled with the previous $10 million order from the Philippine Army, the valuation of Hughes Aircraft Company can more than triple all at once. When these orders were officially signed, John had to consider not the question of how to prevent the Fleet from occupying the dove's nest after the cross-swap, but whether he would push the boat along the river and sweep the Fleet out of the United Plane.
At this critical juncture, it would be a waste of resources to leave the Fight for Freedom Committee, Hughes's largest pro-war lobby, unusable. John and Hughes combined, threw out hundreds of thousands of dollars and began to engage in public relations. Finally, Congress passed this year's defense budget.
At the end of January, John's long-awaited military order was finally officially signed. The large order, totaling more than $40 million, shocked the American aviation industry. Now, the valuation of Hughes Aircraft Company has surpassed Curtis, United, Hamilton, Sikorsky, Northrop and other aircraft manufacturers in one fell swoop, and has become the industry giant second only to Boeing and Douglas, and North America and Lockheed.
Now, it's time to sit down and talk to Fleet about the cross-swap. When they meet again, John finds that Fleet is noticeably more emaciated than he was two months ago, with a pale face, shriveled cheeks, and dark eyes, and no makeup required to play a vampire in a horror movie.
At the end of last year, John had just released the news. When it came time to start an in-depth cooperation with United Aircraft, AVCO President Victor Emmanuel approached him, hoping that the two could work together to force Fleet away from United Aircraft. John was afraid of trouble and didn't want to get too close to these Democratic moneybags, so he didn't agree.
Now that I think about it, it was purely he who scared himself. It's just normal business cooperation, he is a businessman and not a professional politician, so there is no question of standing in line or not. There has been more cooperation between the "big financiers" behind the Democratic and Republican parties, and which politician dares to say a word. This is the United States, but there is no "official standard", and politics is meant to serve these capitalists.
John, who "got the hang of it", was much bolder this time. One mouth will take 10% of Hughes Aircraft shares plus $2 million in cash in exchange for 20% of Fleet's shares in United Aircraft. Originally thought that it was an olive branch that was handed over, but it turned out to be a devouring viper, and Fleet was shocked and angry, and walked away on the spot.
John wasn't worried about Fritt's table, there was constant pressure from the New Deal faction led by Secretary of Commerce Daniel Roper, and there were shareholders instigated by AVCO rebelling inside, and Fleet couldn't hold out for long. Who let his subordinates spread the rumor of John in the Military Production Committee, he can remember this hatred. In fact, before looking for Fleet, he had already dug a big hole for the other party.
Sure enough, half a month later, Fleet found John again. This time, he had given up completely, asking John directly if he would be willing to buy all 34 percent of his shares in United Aircraft with cash. Historically, Fleet held out until a month before Pearl Harbor, when he sold his entire stake in the company for $10.9 million. It's a pity to think about it, if he holds out for another month, the valuation of the United Aircraft Corporation can fly to the sky.
Frett conceded defeat so quickly because John jammed the United Aircraft by the neck through the Defense-Plant-Corporation (DPC). This DPC is a branch of the Reconstruction-Finance-Corporation (RFC), a state-owned enterprise established by the Roosevelt administration with the approval of Congress to repair and reorganize the financial system, and is specifically responsible for providing financial support for military enterprises to expand the production capacity of the US military industry.
In order to complete the Navy's huge $22 million order, Fleet had turned to the DPC for funding to expand its San Diego factory. Historically, Fritt had access to the money, but who had him now targeted by John. John, through his close relationship with the DPC through the Military-Industrial Production Commission, stuck the projection of this funding.
Without the funds, the second phase of the San Diego plant could not be implemented, and it would be impossible to complete the huge order of the Navy on time. In this way, the United aircraft will even be in danger of bankruptcy, and there is no reason why Fleet will not bow his head.
Before Fritt came to John, he also tried to regain financial support from the DPC by finding connections in Washington. But John's reasons for refusal for the DPC were too strong ā investing in the United Aircraft plant in San Diego was contrary to Roosevelt's "Western Development" strategy.
It is true that the United States also has a strategy of "large-scale development of the western region." The government has been hoping that airlines will build new factories in the Midwest to expand the depth of the U.S. economy and create more jobs. Roosevelt had promised the governors of Texas and Kansas a large aircraft factory project each.
Roosevelt did this, on the one hand, for a certain political purpose, after all, the next US election was not far away, and he needed the support of these two states. On the other hand, there are also deep-seated considerations in national defense strategy. Just like China built the third line in the 60s and 70s, the U.S. government also had to consider whether the aviation manufacturing base on the west coast would be within Japan's range of attack if it lost its naval supremacy in the Pacific. As it turned out, this was not unfounded, as it almost happened after Pearl Harbor
When John personally assured that a new large aircraft factory would be built in Fort Worth, Degesas, after taking control of the United Aircraft, the DPC chose John's side. At this time, Fleet, who was worried about internal and external difficulties, was completely defeated, and it was too late to seek a business loan.
Under heavy pressure, he simply stopped playing and directly sold all the shares of United Aircraft Corporation to John at a price of $7.8 million. John and Hughes were so upset that they were worried that Fritt would change their minds, so they borrowed a few sums of money from a few friends overnight, scraped together $7.8 million, and ate Fleet's shares.
So far, Hughes Aircraft has become the largest shareholder of United Aircraft with a 34% shareholding ratio (AVCO is the second largest shareholder with 22% of the shares, and the remaining 44% of the shares are scattered in the hands of more than a dozen small shareholders and many shareholders), ranking among the giants of the American aviation industry.