Chapter 132: The United States, after all, is JP Morgan's
Before leaving for the United States, Hu Chuyuan withdrew 65 million taels of silver, or about $97.5 million, from his various companies.
That's a real amount of money.
If you want to buy a 10-story office building on New York's busiest thoroughfare, the current price will not exceed $2 million.
The New York Times sold for only $210,000, which was bought in a hurry because there was not enough time to negotiate, and the Washington Post offered even more at $70,000.
At Christmas, the New York stock market announced a three-day closure, which gave the US stock market a respite, however, this only accelerated the spread of news and the withdrawal of capital.
After the market reopened on New Year's Eve, the New York stock market continued to decline, and 90% of the market value was gone.
Hu Chuyuan originally brought in $97.5 million to run Oakland Industries and buy banks, but now when he encounters such an opportunity, he does not want to miss it, and begins to absorb those high-quality stocks at a low price step by step.
In the current era, there is almost no way to judge whether a stock is good or not, the stock market is full of fake news and fake accounts, and not many really good companies choose to go public.
Hu Chuyuan did not choose to enter the market directly, and through Pfister-Delano and Albert Russell, he constantly contacted those banks with extremely tight capital chains, and bought bank shares at a low price with the promise of low-interest loans.
He also targeted JP Morgan and Andrew Mellon, as neither of them could possibly hold a stake in the junk company and constantly invade their turf.
Opportunity is always reserved for those who still have a giant ship in the midst of the great flood.
Wells Fargo, San Francisco National Savings Bank, Boston National Trust Bank, Los Angeles Intercontinental Bank, First Bank of New York, Bank of Manhattan, ...... They are all crying for help, and their wooden boats are full of holes.
Hu Chuyuan gave priority to taking a 51% stake in Wells Fargo Bank in California, reorganized the North American CITIC Investment Company into the North American Wells Fargo Investment Bank, and then targeted the First Bank of New York and the Bank of Manhattan, two major stocks, and through a battle with Wall Street, he ate most of the shares of the two banks in just three days.
When he got most of the stocks of Wells Fargo, First Bank of New York, and Bank of Manhattan, it meant that he had access to market contacts, and through bank information, he could quickly see where the major high-performing companies in the United States were.
Banks, iron and steel, mining, railways, and shipping began to become Hu Chuyuan's main targets.
On February 7, 1882, shortly after Hu Chuyuan carried out the US economic raid, he received an invitation from John Sherman to meet secretly in Washington.
This face is to be given.
Hu Chuyuan left New York and traveled to Washington with Wu Shuzhen and Yung Hong, where they stayed at the Columbia Hotel in Washington, D.C., where they visited John Sherman's home that night.
The situation is almost the same as last time, but with one more guest, the chairman of the US House of Representatives, Congressman Rozeni Falchos of the Minkboil Party.
Their purpose is obvious, they are all desperate for the National Chinese Association and the Union Pacific Railroad Company to reach an out-of-court settlement, in order to avoid other railroad companies from being sued one after another, President Chester-Arthur proposed a new settlement bill, that is, the United States political axe will bear the responsibility for debt claims, after investigation and verification, will give a one-time compensation to the dead and disabled Chinese workers, and at the same time, the state prosecutors will hold the relevant personnel accountable.
In other words, it is to change from a criminal self-prosecution complaint to a criminal prosecution by the procuratorial body, and the Chinese also retain the right to criminal prosecution and can still prosecute criminal responsibility.
Through negotiations between moderate members of the two parties, they were willing to quickly pass a bill in China to establish a Chinese Labor Administration with full authority to enforce the matter, and to appoint Williams, a former U.S. minister to the Qing Dynasty and a professor of sinology at Yale University, as its director.
If the National Association of Chinese in the United States is willing to accept these conditions, the US Congress will not introduce a similar Chinese exclusion bill and introduce a more relaxed "Chinese Immigration Management Act", and at the same time, President Chester Arthur will grant amnesty to the existing Chinese in the United States and allow the existing Chinese to have permanent residency.
Hu Chuyuan did not give an immediate reply.
After returning to the Columbia Hotel, he and Yung discussed it alone for half an hour, and then sent a telegram to George Casserf asking what the chances of winning the case were.
George Kaseffer's meaning is very simple, if it is converted into a criminal prosecution, then accept it directly, the key is what the amount of the claim for the out-of-court settlement, according to the precedent system of U.S. law, this will directly determine the Authority's compensation standard.
Rong Hong also means this, which is acceptable, but he can't be lax in the amount of claims, and he can ask for as much as he can.
With this basis in place, Hu Chuyuan gave John Sherman a vague reply that if the compensation for the out-of-court settlement is reasonable, then ...... A settlement is acceptable, and in addition, the American political axe must provide a piece of land in San Francisco Bay to establish a national cemetery for American railroad Chinese workers to bury those Chinese workers who died in a foreign land as a result of American railroad construction.
Hu Chuyuan keenly felt that the New York stock market had reached the bottom and could rebound...... As soon as the settlement was reached, he sent a telegram to Pfister Delano and Albert Russell, asking them to enter the market through several banks and their respective securities exchanges.
After he gave this answer, the next day, JP Morgan personally came to the Columbia Hotel and asked to negotiate with Hu Chuyuan privately and secretly about the specific amount of compensation.
JP Morgan is JP Morgan, at the age of forty-five, he is in the most perfect moment of his life, whether it is experience and brain, or fame and connections, he has gray hair prematurely, but he has a black beard and a round face that looks unsymmetrical.
Hu Chuyuan originally wanted to use delaying tactics to simultaneously complete the bottom-buying attack on JP Morgan's banks, but JP Morgan directly agreed to the standard of compensation put forward by Kasef Law Firm, which was to compensate the deceased Chinese worker with a surname of $12,000 and the disabled Chinese worker with a surname of $3,000 to $8,000, with a total compensation of $57.38 million.
It's not a fucking long delay.
JP Morgan also has the condition that these indemnities can only be paid in five-year instalments with an annual interest rate of 3.5%.
Hu Chuyuan agreed, but asked for half of the down payment.
The two sides began to wrestle over this for half an hour, and JP Morgan finally agreed.
JP Morgan is well aware that the more it drags on, the worse it will be for the US economy, and the worse it will be for him and other bankers.
The first meeting between the two in the United States ended briefly, and less than an hour before JP Morgan returned to Wall Street with good news.
Hu Chuyuan handed over the follow-up to Rong Hong, and he also took almost the same train back to Manhattan.
When we met again on the train, Hu Chuyuan was looking for his seat, and JP Morgan was smoking a cigar in the box opposite.
Seeing that Hu Chuyuan did not hesitate to take an ordinary seat and return to New York at the same time, JP Morgan generously invited him and Wu Shuzhen to the box and gave Hu Chuyuan a cigar.
Hu Chuyuan asked for a cup of tea.
Neither of them spoke much.
After a while, the train was already on the road, and JP Morgan suddenly asked, "I heard that you have acquired the Bank of Manhattan?" β
Hu Chuyuan did not speak.
Well, he admits that he is more jealous of this kind of legendary figure, so silence is better than sound.
J.P. Morgan continued: "Welcome to Wall Street, young man. β
Hu Chuyuan pursed his mouth and said, "Thank you." β
JP Morgan said cryptically: "The United States welcomes you." β
Hu Chuyuan thought to himself, the news that he has American citizenship should have been leaked, and it must have cost JP Morgan a lot of energy and money to find out this kind of thing...... It is also possible that someone deliberately leaked it to him.
He thought for a moment and said, "Thank you." β
JP Morgan looked at him coldly, and suddenly said: "We can cooperate, the market is always big, you don't always have to keep an eye on the companies I hold." β
That's going to be explained.
Hu Chuyuan said: "I don't want to do this, but I trust your vision, especially when I don't know the American market yet...... Trust your choice, it's the easiest way to invest! β
"Well, out of trust in me......." JP Morgan slowly stretched out his hand to Hu Chuyuan and continued: "We can cooperate completely!" β
Hu Chuyuan shook his hand, a little apprehensive in his heart.
J.P. Morgan's Hand .......
After having such a not shallow contact, Hu Chuyuan slowly began to say a few words, but he didn't want to say anything about his plan, he just wanted to ask JP Morgan what he planned to do.
JP Morgan made no secret that he wanted to save the US stock market.
He's going to save the city.
To save the market was to save himself, and all the bankers he knew, those who were fully willing to cooperate with him.
After the train arrived in New York, Hu Chuyuan left the car, and in the passenger hall, Wu Shuzhen asked him quietly: "Do you plan to cooperate with him...... JP Morgan, huh? β
"I don't know!"
Hu Chuyuan said a sincere word, but he understood one thing, if JP Morgan was ready to save the market, it was completely possible.
Back at the hotel, he made a decision with Albert Russell to buy the US stock market completely - he didn't care if he wanted to save the market or not, he just planned to make a lot of hot money and leave, the United States will always be JP Morgan and Rockefeller's, this cannot be changed.
Just like the Chinese market will always be his.
The New York Times and the New York News were the first to disclose the news that the Union Pacific Railroad Company and the National Chinese Association might reach an out-of-court settlement, and a large amount of money began to return to the market, and the New York stock market ushered in a wave of rebound on the same day.
Hu Chuyuan invested the remaining funds in his hands into the stock market, and with the intervention of him and other large stock funds, the New York stock market also rose for six consecutive days.
This is probably the most peculiar experience in the history of the U.S. stock market, where a month-long plunge has been exchanged for a continuous increase in the limit.
It's a miracle.
Hu Chuyuan really didn't imagine that the second time he came to the United States, he would experience these things, which was far beyond his imagination, but it also made him realize that the US financial market is a hundred times more complicated than the domestic one.
He can turn his hands into clouds and rain at home, but he can only play a supporting role in the United States.
During these days, Mr. Hu has been staying at the Imperial Hotel in Manhattan, and has been injecting capital into the stock market through the Bank of Manhattan and the First Bank of New York. During this time, JP Morgan always leaked the news to Hu Chuyuan through several suitable channels, and joined forces to inject capital into many companies such as Cleveland Steel, Detroit Coal Mine, and Penn Railroad.
Hu Chuyuan tacitly cooperated with these actions, but he just wanted to cash out and leave as soon as possible.
That night, after the stock market was suspended, Hu Chuyuan gave himself some time to silently consider what he should do next.
The United States is JP Morgan's, and he already knows very well in his heart that making a lot of money and continuing to return to his world to fight is what he has to do.
After Albert Russell and the others left, Wu Shuzhen stayed in Hu Chuyuan's room, peeled an apple for him, cut it into small pieces and put it on a silver plate, and spread some salad dressing.
Watching Hu Chuyuan sit in the sofa chair in front of the balcony, silently looking at the evening scenery of Manhattan through the window and balcony, closing his eyes from time to time to meditate, obviously thinking about new steps.
She smiled shallowly.
has been by Hu Chuyuan's side for so long, she can't count the number of days she has been by her side for a long time, and she seems to like this wonderful tranquility very much.
She likes to watch Hu Chuyuan meditate.
She thought that this guy was like a philosopher of the financial markets, young, but calculating, but not the kind of cunning and insidious calculations, full of great wisdom and long-term strategy.
She likes men like that.
It's just that sometimes, she also feels sad for Hu Chuyuan.
JP Morgan is also a patriotic financial oligarch, but Hu Chuyuan has to work more hard than him, and even the diplomatic negotiations of the Qing court have to be undertaken by Hu Chuyuan...... are all pressed on Hu Chuyuan's body.
She knew how busy Hu Chuyuan was.
In the past few years, she has hardly seen Hu Chuyuan have a day on vacation, and occasionally she can take out a few interesting antiques from Rong Bao Zhai to enjoy for a while, which is already a rare short vacation for Hu Chuyuan.
Poor guy.
She sighed silently in her heart.
The sun was gradually setting, Wu Shuzhen brought a plate of cut apple salad to Hu Chuyuan, smiled lightly, and said, "Okay, rest for a while, let your head stop for a while, and eat something." β
Hu Chuyuan snorted, ate the two pieces of fruit with a toothpick, and chewed with a click, still thinking about something in his heart.
Wu Shuzhen couldn't help but ask, "Do you know what festival it is today?" β
Hu Chuyuan asked curiously, "What?" β
Wu Shuzhen said with a smile: "In the ancient Roman Empire many years ago, because there was going to be a war, a young man and a woman decided to marry before the man went on the expedition, but the priest refused to preside over the ceremony for them, and later, the man died in the war, and the angry people stoned the priest to death. Since then, every year on this day, people celebrate in memory of the priest and the young man and woman. It's today. β
She said with a smile, took out a very beautiful packaging box from her side, and said, "Happy Festival, this is a gift for you!" β
Valentineβs Day?
Hu Chuyuan thought suspiciously, as soon as he counted the time, it was indeed Valentine's Day.
It's a bit embarrassing.
He still took the gift box, opened it, and saw that it was a silver pocket watch custom-made in Switzerland, very beautiful, with a dragon floating cloud map of Daqing silver yuan on the front, and Hu Chuyuan's Chinese name engraved on the back, and the customized date and number.
Just looking at the workmanship, Hu Chuyuan knew that Wu Shuzhen had spent a lot of money.
He couldn't put it down for a while, and then he sighed: "It's so beautiful, but it's a pity that I didn't prepare a gift for you...... It doesn't matter, I'll give you a suitable gift in a few days, which can be regarded as compensation. β
Wu Shuzhen smiled very understandingly, and said, "I know you're busy, and I don't know this custom." It's a rare opportunity to make money lately, don't miss it, don't be distracted by this little thing! β
Hu Chuyuan secretly sighed in his heart.
He thought for a moment and said, "Let's go to Central Park in New York tomorrow for a picnic, anyway, there is nothing special for the time being." β
"Okay!"
Wu Shuzhen smiled faintly, she had always wanted to go to Central Park.
(To be continued)