Chapter 179: Collapse
After Lincoln's assassination, the most fearful and uneasy person was probably Treasury Secretary Chase. Although the newspapers said that the assassination of Lincoln was carried out by those who sympathized with the Southern rebels, Chase did not believe it. He knew very well who was more likely to do it. Out of fear, for a long time, he used illness as an excuse to avoid any public appearances. And even absent Andrew because of this?? President Johnson's inauguration.
Andrew?? Johnson was Lincoln's vice president, and the office of vice president has always been the most boring of all. Compared to other cabinet members, the vice president seems to have a higher status, but the vice president does not have any real specific powers. He's the president's spare tire, and unless something goes wrong with the president, the vice president is like a spare tire in a car, hung there, laid out nicely, and then never useful.
It is precisely because the vice president has a high status but is useless, so, in the 64 election, in order to win over more people and show that the people of the South and the North have always opposed the attitude of separatism, Lincoln chose Andrew?? Johnson, a Democrat from the South, came as vice president. In the original conception, Andrew?? Johnson is just a political vase that shows the unity of the United States. However, what people didn't expect was that Lincoln's death made this vase, this spare tire, suddenly ascend to the position of the head of the administrative branch.
But this change is not a bad thing for Scrooge. Andrew?? Johnson is a Southerner and a Democrat, and although he became president, although it is impossible to do whatever he wants under the restrictions of the Cabinet and both houses of the Republican Party, he will certainly be able to restore the strength of the Democratic Party, especially the Southern Democratic Party, to a certain extent, and this is definitely good news for Scrooge, who has just invested in the Democratic Party in the South.
Andrew?? Soon after Johnson took over, Chase offered his resignation, which was approved, citing ill health. Since then, it has disappeared from view.
……
Although the political situation continues, the oil price in the oil market is still unmoved and continues to rise steadily. A large amount of oil is sold from the left hand of the dealer to the right hand, and the right hand is sold to the left hand, creating a situation where the purchase and sale are booming, and the price is rising.
"Mr. Karl, have you heard?" Neuer said to the old Karl, who was happy with the oil boom, "Mr. Hillman has sold his fleet. ”
"Why? Is Mr. Hillman's fleet unsustainable? Old Karl asked. Speaking of which, Hillman was also their neighbor, after the start of the civil war, he saw that the prospects of inland river transportation were very good, so he decisively gambled on his own qiē, borrowed a lot of money to buy a boat and started inland river transportation, and soon made a fortune, had more ships, and finally had a fleet.
"Although the business of the fleet has not been good recently, it has not reached the point where it cannot be sustained." "But Mr. Hillman is a very flexible man, and he thinks that the fleet is not as profitable as it used to be, so he simply sells the fleet and buys oil, which is more profitable than running a fleet or something." ”
"Isn't that right? Recently, I mortgaged my house and went to buy several barrels of oil. Old Karl smiled, "The money for my son to go to Germany to see orthopedics is no longer a problem, and even, in a few days, I will be able to earn the money for the rest of my life." ”
……
"Father, isn't it too risky for us to sell the fleet and buy oil." Hillman's son John?? Hillman asked.
"Of course I know it's a lot of risk, there's a whole bunch of Wall Street crocodiles hiding in there. But if there's gold in a river and crocodiles at the same time, are you going to give up that gold? I've arranged it. I'll give you $5ooo, and if I go bankrupt, you can take it west immediately. You know? Hilton replied.
"Daddy......"
"I've already decided, so don't say it anymore......"
……
In his mansion in New York, JP Morgan listens to a briefing on the situation of his partner, Gutwin.
"Mr. Morgan, based on the transactions of the last few days, after we talked to other major bankers, we believe that there are enough retail investors entering this market now, and based on these numbers, we can see that the increase in the number of retail investors entering the market has started to slow down in recent days, and we think it's time to sell this oil."
"My friend, how much is the price of oil now?" Morgan asked casually, taking the cigar from his mouth.
"Thirty-five dollars a barrel." Gutwin replied.
"Well, it's time too." Morgan stood up and said, "Now, contact your partners and get ready for the hunt." ”
……
Neuer and others are outside the trading market, with no face, and since yesterday, the price of oil has begun to fall. This didn't make Neuer too nervous at first, because he had seen such ups and downs several times. Sure enough, just an hour later, the price of oil began to rise again, giving Neuer a long sigh. By the afternoon, however, the price of oil had started to fall again, down a dollar, then up another fifty cents, then another sixty cents, and then ...... Neuer thought, "Maybe, maybe it's going to go up." ”
So the opportunity passed in such hesitation, and the next day, as soon as the deal began, the price of oil plummeted like Niagara Falls. In just one morning, the price of oil on the trading market fell from $30 to $12 in one fell swoop, and it is falling even more frantically. Neuer's oil was now completely unsellable, unless he was willing to cut the meat at a lower price, but the price fell even faster than he had made up his mind to cut the meat, and in a blink of an eye, the price became nine dollars and sixty cents. Then the price stopped at this position.
"That's right! Mr. MacDonald has said that in the event of a crash, he is willing to pay $200,000 to buy oil exclusively from retail investors for $1o a barrel. But now, will he keep his word? Neuer suddenly thought of Scrooge's promise, and he immediately understood why the price had stopped when it fell here. Because around that price range, there's still Mr. MacDonald's $200,000 commitment to support it. But Neuer now knew that he had to be quick enough to sell his oil before Mr. MacDonald's promise of $200,000 was fulfilled.
Neuer turned around and rushed in the direction of the Standard Oil office, but more people were faster than him, and when Neuer arrived there, he was now, and he didn't know how many people were waiting there, if it weren't for the hundreds of Blackwater mercenaries there to maintain order, maybe these anxious people would have started trampling each other.
The mercenaries of Blackwater worked hard to get people in line, and a lot of the police from the city came. Order gradually settled down. Standard Oil has also really started buying oil for ten dollars, as previously promised. Each person was limited to three pokes, and the clerks at the front carefully checked their identities, and then left their handprints on a piece of paper, and gave them another piece of paper with the same number, and told them, and went home and dragged the oil to the door of the Standard Oil Company, where someone would exchange their time for money.
The person who got the note thanked him and left, and the line slowly moved forward. At about three o'clock in the afternoon, it was finally Neuer's turn.
"I have three barrels of oil to sell!" Neuer shouted. But a Blackwater mercenary stopped him. and motioned with a gun for him to stand back.
"Two hundred thousand dollars have been spent. We've delivered on our promises. A man in charge on the other side shouted.
"What, how is this possible!"
"No, don't, help us!"
Various shouts rang out from the crowd.
At this time, a man in black ran over and said something to the man in charge. Some of the stewards shouted, "Don't shout, be quiet! Mr. MacDonald, citing humanitarian considerations, agreed to an additional $100,000. However, the money will not arrive until tomorrow. Please go back first, and come back tomorrow morning when the doors open. ”
This hope soothed the panicked crowd, and people fell silent. But no one left, because they were afraid that once they left their current position, they would be left behind tomorrow and it would not be their turn to sell oil.
The Standard Oil crew packed up their things and went inside the big iron gate, which was then closed. Neuer, like the others, waited outside all night. The police cordoned off the entire neighborhood and forbade anyone else from entering.
In the evening, some guys wanted to take the opportunity to cut in line to the front, so a clash broke out. The police who maintained order opened fire, and more than two dozen unlucky people were killed. But they deserve it, and everyone thinks so.
At half past eight in the morning of the next day, the clerks of Standard Oil showed up on time, but they did not open the door again, and second, they traded with retail investors through the iron gate. In the morning, however, the deal was over. The rest of the unlucky ones who failed to make such a deal were in great pain, but they didn't dare to make a fuss when they saw the muzzles of the guns peeking out of the walls and behind the fence gates. They can only disperse separately.
As Scrooge fulfilled his promise, the last pillar holding up the price of oil fell. Oil prices fell wildly again, this time, with nothing left to support the price, and the price of a barrel of crude oil fell from about $9 to $2 in just one afternoon, and by the next afternoon, driven by panic, the price fell to a terrible $25 cent.
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