Chapter 260: Little Morgan I
Subtitle of this chapter: The final level of the big boss
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"Boss, you're going in the wrong direction!"
Instead of walking towards the building, our Master Yuan turned around and ran straight in the direction he came.
"Tick!"
"Second master, be careful!"
Fortunately, Xiaokang quickly pulled him, otherwise he would have been hit by a speeding car...... Maybe it's still a good thing for him.
"BOSS/Second Master......" The male and female attendants asked in unison, "What's wrong with you?" ”
"I ...... I remembered something and I have to deal with it now! Yuan Yan, who came back to her senses, explained calmly.
Miss Moman raised her wrist and pointed to the delicate lady's watch on it and said, "Boss, it's too late!" Don't forget that you're meeting Mr. Morgan today, it's not good to be late......"
That's right, Lao Tzu is going to meet the contemporary king of Wall Street today, and he really can't be late.
The elder Morgan was nicknamed "Jupiter", the Roman version of Zeus, so it seems not too much for his son to be called the king of Wall Street.
Our Master Yuan breathed a sigh of relief, nodded, and without saying a word, walked up the stairs with his entourage, and entered the **** headquarters building that looked like a vault or a fortress with only two floors from the outside.
"This is Dr. Yuan, and he made an appointment with Mr. Morgan."
With his current status, he doesn't even need to and shouldn't even come forward for ordinary negotiations.
See what that means?
For example, on this occasion, he personally told ordinary clerks who he was and why he came...... and so on, then the price will be dropped, so I brought my female secretary here.
1921 was also a time when the remnants of hierarchy and aristocracy were very serious. If he wants to pretend to be forced, he will not use his name to stay and visit Europe or other places in the future, but will be done by his own attendants.
So our Master Yuan brought Miss Moman, on the one hand, he wanted to find an opportunity to rough off others, and on the other hand, he did have this demand.
Now he is looking around at this "Wall Street Center" with his hands behind his back.
In fact, there is nothing to look at, of course, the furnishings can be called magnificent, but it is only magnificent. After all, this is a commercial place.
He just took the opportunity to sort out his thoughts.
The Morgan family is not the same as the Rockefeller family, the former made its fortunes very early.
His ancestors immigrated to the United States in the early 17th century during the New World gold rush and settled in Massachusetts.
Morgan Sr.'s grandfather, Joseph Morgan, started out running a small café. After a little savings from the painstaking business, he owned a grand hotel, then bought shares in the canal and became a shareholder in the steamboat and railroad industries.
After making his fortune, Joseph sold his ancestral farm in Massachusetts and moved his family to Connecticut.
By the time Morgan's father, J.S. Morgan, was born, the family was already a well-known wealthy businessman in New England.
But the real story of the Morgan consortium began across the Atlantic in London, England.
In 1837, the American merchant George Foster Peabody (1795–1869) moved to London, which had established itself as the world's financial center, and opened a bank.
At that time, the financial industry was still controlled by the Rothschilds, but Peabody made a lot of money by selling American securities and providing financing, and accumulated a capital of 450,000 pounds second only to the two financial giants Rothschild and Bahrain.
In 1851, Peabody invited Junius Spencer Morgan, also from the United States, to become a partner in the bank.
Their business in London flourished, and they succeeded in bringing a large amount of British money to the desperately cash-starved United States. The "Morgan Empire" was born.
It is said that Peabody, one of the founders of the Morgan consortium, is also a strange person, and the first half of his life is incredibly stingy.
Legend has it that once when he was so sick that his partner J.S. Morgan persuaded him to go home and rest, he took his umbrella and walked out of the office.
Twenty minutes later, Junius found him still standing on the side of the road in the rain, so he ran out and asked him, "Mr. Peabody, it's time for you to go home." ”
He replied, "Yes, I'm going home." But only a two-pence carriage had passed, and I wanted to wait for one-pence. ”
By this time, he already had £1 million in his bank account.
But in the second half of his life, he was incredibly generous. It was said at the time, "His good deeds in his later years were as unbridled as his greed in his early years."
He built communities for London's poor, earning him the title of "Honorary Citizen of London". In the United States, he donated a history museum to Yale University; donation of a museum of archaeology and anthropology to Harvard University; An educational foundation was also set up for emancipated blacks in the South.
Even the great French writer Victor Hugo once wrote: "In this world, there are people full of hatred and people full of love, and Georges Peabody belongs to the latter, and it is on the faces of such people that we see the smile of God." ”
After Peabody's retirement, Junius Morgan took over the entire business and renamed the company Junius S. Morganand Company
That's why his son J.P. Morgan was able to study in Switzerland and Germany, and also studied at the famous University of Göttingen in Germany, the same University of Göttingen where Schopenhauer and Nietzsche were professors.
In fact, from the end of the nineteenth century to the First World War, many children of wealthy Americans went to Germany to study, such as Professor Clark, "the first person in the marginal school of North America".
This was at the time when Germany was at the top of the world's academic ladder and at its most glorious. Students from Europe and the United States are proud to study in Germany, especially the University of Göttingen and the University of Berlin.
During this period, if a scholar did not have studied in Germany, he or she was considered to have not received complete academic training. German has also become an international academic language, and even many papers in the United Kingdom and the United States are directly named after German.
As far as economics is concerned, the German school of history was in full swing during this period, and it was completely able to compete with the British classical school of economics. Among them, the new historical school is the source of various social reform movements in later generations.
When JP Morgan returned from school, his father arranged for him to study at a friend's Duncan firm, and soon after opened a Morgan firm across the New York Stock Exchange, which is 23 Wall Street, where Master Yuan is currently located.
In contrast, the elder Rockefeller's father was just a doctor who did not have a medical license and sold counterfeit medicines.
And his father is really a talent, not only guilty of bigamy, but also accused of sexually assaulting his own maid.
It is well known that Morgan & Co. made a large amount of war money during the Civil War, and after the war, the business became more and more prosperous. His former colleagues, Charles Dabney of Duncan & Co., and his cousin Gutwin joined his firm, and the name of the firm was changed to Dabney Morgan.
From that time on, Morgan & Co. implemented a senior partnership system, which was also the beginning of the partnership system in the United States. Later, Merrill Lynch, Goldman Sachs, and so on all copied this system, and then various industries in Europe and the United States began to implement it, and finally even high-tech emerging industries such as Alibaba and Tencent in Seris.
JP Morgan built a vast empire throughout his life.
Before the economic crisis of the "Great Panic" in the United States in 1907, this financial group was linked to more than 200,000 major financial institutions, with a total value of nearly $20 billion, accounting for one-third of the financial capital of the United States!
There are also $12.5 billion in insurance assets, accounting for two-thirds of the U.S. insurance industry!
In terms of production, Morgan has 47 directors among the 35 major companies in the United States, including U.S. Steel, General Motors, Kenneg Specialty Copper, Texas Gulf Sulfur, Continental Oil, General Electric, and several railroad companies.
The JPMorgan System has a total capital of $74 billion, which is equivalent to a quarter of the capital of all businesses in the United States!
There are 167 directors throughout the United States who carry out the directives issued by 23 Wall Street.
It's by relying on such a pangpang...... With a large amount of capital, JP Morgan could play the role of the central bank by himself, forcing the major US banks to reduce their reserve ratios and inject massive amounts of money into the panicked market, surviving the "Great Panic" of 1907.
At the time, the New York Times said, "The concentration of power in private hands is unprecedented in the history of our country." ”
But seriously, if there had been such a "mainstay" when Black Thursday had happened, the Great Depression wouldn't have necessarily swept the world.
As J.P. Morgan himself put it, "We should abandon the untenable dogma that free competition protects the public interest." In his opinion, leaving the industry to someone like him can run in an orderly manner and ensure the interests of the public.
What a domineering overbearing business!
What a powerful force!
This is why Lin Dengwan and none of them came to blow up the Morgan consortium without blowing it up!
Thinking of this, our Master Yuan couldn't help but feel excited, if Lao Tzu could become a senior partner of the Morgan Consortium in Northeast Asia, why worry about something wrong.
It was the end of May 1921, and it was only half a year before the "Trend of Friendship between the People and the Ten Letters", which was the best time.
It doesn't take much, just borrow one or twenty million dollars from the Morgan consortium.
He will be able to return to Seris with this money as soon as July, and first make waves in the stock market and raise the market high.
At the same time, there will be another financial innovation, and those "financial derivatives" will be used to circle all the money that can be circled into the trading market at all levels.
With these highly leveraged investment tools, not to mention salary deposits, even the pocket money of the housewives and children's papers, Yuan Yanqian is confident that they will be handed over to him.
I secretly rubbed myself to make a big short, and waited until the time when the monetary market tightened before the Spring Festival next year, so that the whole market would be shattered.
Think about it, how much money can you make in this wave? How many people were killed?
No, why do you want to kill people?!
At that time, he will be a good person who will clean up the mess, and he will take out some money to support him, which will not be praised.
Then turn the debts acquired at a low price into actual shares, and buy them into the banks, money numbers, companies and exchanges that you like......
Of course, it is easier said than done, but it is indispensable to have the support of foreigners, the help of warlords and the service of underground forces.
Hey, with this 10 million dollars, are you still worried about these three?
In less than a year, I'm the Morgan of Seris!
What is "Sun Sandalwood", what "never buys tickets Cao Zhongshan", what "Xuefu Wuche Zhang Dashuai", what wears Lin Bei's legs, what is the descendant of the Heavenly Demon, what is the military way to kill boxing...... Can't escape the rest of the grip!
"Pickup pickup."
"Hey......"
This time, Yuan Yanqian didn't even have the interest to talk back, so she could only let out a long sigh.
Lao Tzu could have been the king of the gods who stood on the top of the world and looked down on all beings...... At least it's a member of the royal family.
Now with this broken system, you can only be a bullshit master. Someone actually asked why Lao Tzu wanted to take this broken system?!
"Boss, they're asking you to go up."
"I see. You two go have lunch by yourself. ”
Master Yuan, who was in a hurry, tidied up his clothes and mood, sent his female secretary and male driver, and followed the clerk who led the way to the top floor.
"Tuk, tuk, tuk."
"Please come in."
"Mr. Morgan, Dr. Yuan is here."
The clerk dodged away, revealing a large and luxurious but by no means extravagant office, and several gentlemen sitting in the office.
Among them, of course, there was Mr. George Baker, whom he knew, not the old one, but Mr. George Baker II.
Mr. Baker, who had a good figure like an athlete, stood up neatly and greeted him: "Neo, are you here?" ”
Yuan Yanqian quickly took off her top hat and bowed gracefully, "Yes, Mr. Baker." We haven't seen each other in a long time. ”
"Yes, we haven't seen each other for a long time, and last time I called you Mista, and now I'm going to call you Daoketuo."
Mr. George Baker Jr. made a joke and said, "Dr. Yuan, let me introduce you." ”
Mr. Baker II pointed to a tall and thin middle-aged man beside him: "This is Mr. Thomas Lamont, the current vice president of the Morgan consortium. ”
It turned out to be the senior partner who hung Mussolini and Roosevelt side by side, and had "the most successful president in the history of the Morgan consortium".
"Mr. Lamont, it's a pleasure to meet you,"
"Dr. Yuan, I'm glad to meet a great writer like you. By the way, I've heard that you're also a very insightful economist. ”
"Mr. Lamont, this is all encouragement from the seniors in the field of economics, please don't take it seriously."
Mr. Baker pointed to a thick, bearded gentleman and said, "This is Mr. George Whitney, who is about to become chairman of the New York Stock Exchange (NYSE)." ”
That's right, this is the same NYSE president who called the hanged man a great patriot and believed that moderation was the great hero who saved Germany.
"Mr. Whitney, then I'm going to congratulate you."
"Dr. Yuan, I would also like to congratulate you on obtaining your Ph.D. Ah. I've read your "Socialism" too, and it's pretty well written. ”
"Mr. Whitney, it's my pleasure."
Listen, Lao Tzu and the two really have a common language.
"And this is ......," said Mr. Baker II, pointing to the last man in the room.
He had a mustache on his upper lip, thick eyebrows, deep eyes, and a tall nose, which was very similar to his father. He looked to be about sixty, which was the golden age of the big guys.
I don't know if it's a psychological effect, our Master Yuan felt that people were extravagant at first sight.
Sure enough, I listened to George Baker II's introduction: "Mr. Jack Pierpont Morgan! ”