Chapter 521, The Problem of President William McKinley (5)
The McDonald consortium had an interest in Argentine railways, something that little Morgan had known for a long time. But in business, it is impossible to say that the MacDonald consortium will give whatever it wants. Although the Morgan consortium did not spend a lot of money to gain control of the Argentine Railways, the risks it took were very large. At that time, due to fluctuations in the international market, the sales of agricultural products in Argentina suddenly went into problems, leading to economic difficulties. Economic difficulties led to political turmoil. The political turmoil has worsened the economy, so much so that the international market has begun to recover, but Argentine production has been slow to recover. In this case, the Argentine government needs a large loan. While the other bankers were pessimistic about the situation in Argentina, and the MacDonald consortium focused on the Boer War and the Philippines, the discerning old Morgan decided that Argentina's prospects were actually good and worth investing, so he took the risk of lending large sums of money to the Argentines to help the Argentine government survive the crisis and restore the economy. Of course, in the process, in return, some of Argentina's most important railways fell into Morgan's hands.
"That's too high, Greystone." Little Morgan shook his head slowly and said, "Of course, if you only need some of the first access, I think we can still talk." ”
"We also know, John, that you may not be willing to hand over control of the Argentine railways to us. But a so-called right of first refusal is not enough. Greystone replied quietly.
"Well, on the basis of the right of first refusal of the railway, how about I add the right of first refusal for the construction of the port? You know, now the economy in Argentina is in good shape, so there are plans for renovations and expansions like Puerto Blanca and Puerto Buenos Aires. Because of our relationship with Argentina and the fact that Argentina does not have a consortium that can undertake such a large project, a lot of the business of building these ports falls into our hands. If I were to skew the purchase of equipment needed at these ports to the companies you specified, it would be a big deal. What do you think......"
"Originally, the port equipment and other things were only European except for us. And we still have your stake in the production of port equipment, so John, you really can't count this, because as long as these ports are going to carry out expansion and renovation projects, these orders are our ......" Greystone still didn't buy it.
……
Thus, after a long day of bargaining, the two sides finally reached a compromise, with the Morgan consortium promising to inform the McDonald consortium in advance of any actions they took, and the McDonald consortium promised to cooperate or at least be kind and neutral in some of the necessary actions taken by the Morgan consortium. In the case of Argentina, the Morgan consortium and the McDonald consortium reached an intention to swap shares with each other. That is, the Morgan consortium offered a part of the shares in railways and ports in exchange for the McDonald's consortium's shares in some farms, ranches, and food processing enterprises. All in all, it was a successful meeting, and it marked another collusion between two of America's most influential consortia.
In order to show the sincerity of cooperation, Greystone provided the first piece of information to Morgan Jr. that day.
……
"Dad, according to the information they provided, Mr. Jacob Schiff was also involved in their activities, and it is even likely that he is the central figure behind this." Morgan Jr. said to his father.
"Well, it's entirely possible." Morgan sneered and said, "Some of their operations were at a very high level before, and they didn't look like those dirt buns in the Midwest could do it at all." I suspected that there was someone behind them. Hehe, Jacob Schiff. This guy has stiff wings now, don't remember the lesson of 1873? Or is there any other force behind him? For example......
"Dad, you're saying there could be European Jews behind him?" Morgan Jr. nodded and said, "It's entirely possible." Mr. Jacob Schiff himself is a Jew. And he also presented himself as the leader of the American Jews. The last time we threw out that Jewish Magi Protocol, Mr. Schiff had been advocating for the interests of the Jews...... However, Mr. Schiff's family seems to have deep contradictions with Rothschild. ”
"The important thing now is to make sure that there is a Rothschild behind him." Morgan put it this way.
Although Schiff's family is also a well-known family among European Jews, it is almost as old as the Rothschilds. However, a long history is a long history, but in terms of financial resources, the gap between them and the Rothschilds is very large, so to speak, not on the same level. Schiff's family can only be regarded as rich people in Frankfurt, and compared to the Rothschilds, they are only at the level of the rich people. There are many rich Jews, but this does not mean that all Jews are rich men. Speaking of which, Marx was barely a Jew (by blood, but Marx's grandfather's generation had already converted to Jesus Christ, so if he were to join the Jewish Federation or something, he would definitely be called a traitor and thrown out.) But he's basically poor.
Today, the main wealth of the Schiff family is already on the North American continent, and there is not much left in Germany. However, in recent years, Mr. Schiff seems to be optimistic about the prospects of Germany, so he has returned to invest in Germany, and now his business in Germany is not small. In this process, he will inevitably deal with Rothschild, so Morgan will of course have to worry about whether he will become the spokesman of the Rothschild family in North America.
"Dad, I'll have someone check the income and expenditure of Mr. Schiff's business, and see if there's anything wrong. In addition, if Dad, Mr. President and such a group of people join forces, it will be quite difficult for us to stop them. ”
The president of the United States, as the boss of the executive branch, still has considerable influence, and if he intends to cooperate with the Midwest Banking Union in policy, then the difficulty will skyrocket if he wants to use general economic means to deal with the Midwest Banking Union, and the cost of the entire operation will skyrocket.
"That's why it's the most annoying thing about collusion between officials and businessmen." Morgan nodded as well.