The journey starts from the Titanic

"Isn't Rockefeller the guy with sores on his head and pus on the soles of his feet? Damn, the price of oil has gone up again! What does the NDRC do for food? Is it rich? Lend me some.

"What are you doing?"

"Buy oil, go back and light his sky lantern!"

...

"Why did Morgan want to see you? He also named me. During this period of time, we should say that you and your securities company were too popular and were targeted. I have a bad feeling." Situ South analysis said.

"Well. It's hard to say. But now we don't have to be afraid of that old man Morgan! Damn, the remaining British 2.7 billion dollars in debt was swallowed by this old man."

Robles said unwillingly, Situ Nan looked at him gritted his teeth, thinking that he would not secretly beat the Morgan paper man as a villain, right?

"He is very powerful, we have to be cautious."

Situ Nan suddenly thought of the word "Hongmen Banquet".

"Forget it, don't think about it if you can't figure it out. Didn't you say that the soldiers rushed over and let the generals pass, and when the flood came, they would hide in the high ground?"

Robles is fairly calm, confident no matter what happens, this is also one of his strengths.

"It's soldiers who are here to cover the water and earth!" Situ Nan said grimly.

In the days in New York, Situ Nan finally met the emperor of Wall Street, John Pierpont Morgan.

It should be called Little Morgan. Although he is not young at all, he is even older than Situ Nan, but not long after Lao Mo just died, people have been accustomed to calling them an old Morgan and a little Morgan.

Both father and son have the same name, which is very common among Westerners. Some generations have the same name and surname. Usually, they only use their nicknames to distinguish them.

Well, it feels weird, if you can't tell, I think they are alone!

The ancestors of the Morgan family immigrated to the United States during the gold rush in the New World in the early 17th century and settled in Massachusetts.By the time Joseph Morgan, the grandfather of John Pierpont Morgan, he sold his farm in Massachusetts and settled in Hartford.

John Pierpont Morgan mentioned above refers to the old Morgan. One of the turning points that really made the Morgan family shift the focus of business to the banking industry was the British banker Peabody, who came to the United States from the United Kingdom. With a good relationship with British bankers, Peabody borrowed a large number of loans from British banks to American companies. Through Peabody, a large amount of British travel resources continued to flow into the United States, which contributed to the lack of funds for the American industry at the time. Infuse fresh vitality.

This is why the Morgan family was once known as the agent of the British banking industry in the United States.

Peabody has created a huge family business, but unfortunately Peabody has no descendants, so at the suggestion of a friend, he had to hand over the business he created to his young partner, Juniors Morgan. This is the old Morgan. His father is also the grandfather of Little Morgan.

This is also God's will!

The Morgan family, who inherited Peabody’s business, had already prospered by the time John Pierpont Morgan. Especially in financial speculation, John Pierpont Morgan’s adventurous spirit and superhuman vision were fully realized. reflect.

In the American Civil War of 1860, the federal government had to issue 4 USD bonds in order to resolve the serious financial crisis, among which Morgan Bank subscribed for 200 million USD.

Without the strong support of the business community, it is hard to say whether the federal government can win the Civil War.

While John Pierpont Morgan received a large distribution fee from the government, he also became a national hero of the United States.Morgan dug his first pot of gold.Since then, he has also strode forward to the new goal.

The Morgan family not only did business with the US government, but also with European governments.The Franco-Prussian War and the Paris Commune Revolution in 1871 caused political turmoil in France, but they gave John Pierpont Morgan a rare opportunity.

He got the French government bond business with an issue amount of 250 million francs or about 50 million US dollars from the French government, enough to buy more than three pieces of land the size of Louisiana!

(This is an astronomical figure. The US government bought Greater Louisiana from the French government for a total of 2.14 million square kilometers, which is only 15 million US dollars)

In view of the fact that one person may be overburdened to bear such a large sum of money, he came up with a new idea-to establish a syndicate (union), that is, to bring together large-scale investment and financial companies on Wall Street to form a national debt offtake organization. Undertake national debt.

To put it bluntly, it is to share risks. Wall Street banks assisted in digesting the US$50 million French national debt. Of course, the biggest piece of meat remained in the Morgan family's pot.

After this battle, John Pierpont Morgan’s adventurous spirit and wit was embodied. The “joint fundraising” model he created established the default practice of Wall Street financial institutions, and since then established the Morgan family’s leadership on Wall Street.

John Pierpont Morgan has tasted the sweetness of French national debt, and since then he has been out of control, buying foreign national debt to establish Morgan's main method of making profits.

After digesting US$50 million in French national debt, Morgan went on to make consecutive profits in US$110 million in Mexican bonds and US$75 million in Argentine bonds.

Morgan's business is extraordinary. In the Boer War in South Africa, the stubborn Boer guerrillas proudly promised the Empire a heavy blow. Years of wars and huge military expenditures almost dragged down the British government's finances.The British government had to ask Morgan for help through Bell, the representative of the Rothchar family in New York.

This matter made John Pierpont Morgan very proud. He agreed to subscribe for 15 million US dollars of bonds, and then repeated additional subscriptions, subscribing for a total of more than 1.8 billion US dollars of bonds.

The British certainly won the Boer War. Morgan's speculation was once again successful. By the beginning of the twentieth century, the Morgan family had become creditors of the world. This is not an exaggeration.

J.P. Morgan created a huge empire.The Morgan family includes Bankers Trust Company, Guaranteed Trust Company, First National Bank, with total assets of US$3.4 billion.The Morgan League has a total capital of approximately 4.8 billion US dollars and is composed of the National City Bank and the Contract National Bank.

The Morgan League and the Morgan family are collectively called the Morgan League.In the Morgan Union, the board of directors is led by the Morgan company as the axis, and it is interconnected with major financial institutions with less than large financial capital and more than 200,000 yuan. This constitutes a huge and well-organized "Morgan system."

This financial group occupies 33% of the US financial capital, with a total value of nearly 20 billion US dollars!In addition, there are US$12.5 billion in insurance assets, accounting for 65% of the US insurance industry.

In terms of production business, there are 47 directors of Morgan Corporation among the 35 major companies in the United States, including U·S·Steel, GM, Kenig Special Copper Company, Texas Gulf Sulphur Company, Continental Oil Company, GE, etc.Morgan’s infiltration into the railroad industry is well known.At the same time, it also owns ITT (International Telephone and Telegraph Company), National Cable, Postal Cable, ATT (American Telephone and Telegraph Company), etc. in the communications industry.

The Morgan Alliance has total assets of 51 billion U.S. dollars, and it has major trust companies such as Yanakoda Copper Mountain, Westinghouse Electric, and United Metal Carbide.

Adding up all the above, adding up all total assets, deducting duplicates, the Morgan system before the panic had a total capital of 74 billion US dollars, equivalent to a quarter of all corporate capital in the United States. 167 directors came out of the Morgan company, Controlling the entire Morgan system and executing the instructions issued by Morgan on Wall Street, what a hegemony this is!

The myth of John Pierpont Morgan is irreproducible. Even if Situ Nan was given the same conditions, he didn't think he would be able to create such a huge cause.

Even John D. Rockefeller, the wealthiest man in the world, his status and influence in American industry and finance cannot be compared with John Pierpont Morgan.

And God is fair, no matter how arrogant people are, they will eventually return to the embrace of God. On the journey from Cairo to New York in 1913, the emperor John Pierpont Morgan of Wall Street passed away.

The empire he left was inherited by his only son, Jr. Morgan. Although Jr. Morgan is not as strong and arrogant as his old man, he is not a messy guy. The Morgan family's cruelty remains in his bones!

He once fought a gangster with his bare hands and survived two shots.A super-rich wrestling with a desperado, like porcelain on a tile pole, what an incredible person, but it happened.

It's also providence!The heir to the Morgan family, who has been singled out for several generations, was shot twice in the upper body and couldn't die. God blessed the family.

Well, this is a family fanatical about religion, advocating order. In order to break the disorderly competition, the Morgan family initiated mergers and acquisitions in the banking, steel, and railway transportation industries, and established trusts in different industries. .

Had it not been for the US government's desire for the Morgan family, the Sherman Act had become the first antitrust law to use the Morgan family instead of Rockefeller's Mobil.

Chapter 64

The Morgan family residence in New York is located at 219 Madison Avenue, intersecting the northeast corner of 36th Street, and is still in the Murray Hill neighborhood of Manhattan.

There is less urban hustle and bustle here, and you can also overlook the clear waves of the East River from the window.

At that time, the fashion was to indulge in luxury and pleasure, and the general wealthy merchants were deeply involved in the all-time sensual pleasure and extravagance.

In contrast, this new mansion of the Morgan family appears to be graceful and luxurious, but it is not overly elaborate, complicated and trivial.

The gate flanks the ancient Greek Ionian style pillars; a bay window overlooks Madison Avenue.

The room is decorated with solemn wooden furniture and small antiques.In the bright and spacious study room, the four walls are inlaid with the mahogany panels of Santo Domingo, and the huge Pierpont desk is set in the center. The momentum seems to have turned the study into an office for a merchant bank partner.

The austere atmosphere in the room was so dark and dim that the 12-person servant team called it the "black study".

"Hi. Robles, we meet again! I heard that your business is doing well recently!" Little Morgan said with a rare smile.

"Thanks for the praise! It is my honor to be praised by Mr. Morgan. But it is far from J.P Morgan. Robles Securities still has a lot to learn." Robes said modestly.