The journey starts from the Titanic

"Oh! It's so beautiful! It's the "Singularity", isn't it?" Roosevelt exclaimed, touching the wooden sailboat model with his fingers and loving it.

The Roosevelt family had a deep relationship with sailing. Roosevelt liked sailing very much since he was a child, and "The Strange" had a deep relationship with his mother Sara Delano, so Roosevelt liked the gifts from Situ Nan.

"Yes, it was carefully carved by the workers at our Bethlehem Shipyard." Eugene replied without losing the opportunity.

Obviously, in his opinion, although it is not worth much, this small model represents the friendship between the Admiralty and Bethlehem.

This time Franklin Roosevelt’s inspection on behalf of the Navy was very successful. Before leaving, he enthusiastically invited Situ Nan to visit his family. Situ Nan agreed without thinking.

He has been well-known to the Roosevelt family on Fifth Avenue in New York for a long time, but he just missed the door.

Situ Nan knew in his heart that the elite political group represented by Roosevelt had little to do with the American consortium, so it was destined not to go with him.

However, with the consortiums in the east at the top, it is unlikely that the emerging powers in the west represented by them will be at odds with the White House.Alas, it’s too late and there is nothing I can do to monopolize it.

The White House also hopes to support emerging forces to contend with the eastern consortium, so that they can contain each other and control themselves.

Maybe there will be some interactions with this family. I'm not sure, watching Roosevelt's tall figure get into the car, Situ Nan thought.

Chapter 130 William's Rich Country

Fabro City, also known as Buffalo, is a port city on the east bank of Lake Erie in western New York State. It is located at the south mouth of the Niagara River. It faces the Niagara River in the west from Fort Erie in Canada. It is the second largest city in New York State with developed industrial and commercial development.

Bison appeared in ancient times, and it was still a hunting place for Indians, so it was named Buffalo.After Columbus discovered the New World, a large number of European immigrants flocked to North America. As early as the early 19th century, there were French merchants in Buffalo running fur business here.

In 1825, the Erie Canal was opened, and Buffalo became the junction of the Lake District and the Erie Canal. The goods flowed gradually and the population of the city grew rapidly.

Buffalo is a city that grew up due to convenient transportation. After more than a century of development, heavy industries such as steel, smelting, automobiles, and machinery have gradually developed. This is somewhat similar to cities such as Cleveland and Detroit.

The war in Europe also affected Buffalo.The flour processing industry here is very developed. From the perspective of Situ Nan along the waterfront of the river, there are huge warehouses along the bank, where a large number of food products such as flour, soybeans, and corn are stored for export to Europe.

There were two presidents in Buffalo, Millard Firman and Grover Cleveland, and another president also fell here, and he was McLike.

That unfortunate guy, excitedly rushed to Buffalo to participate in the Pan American Exposition in 1901. While standing on the stage to give a speech, he was shot and shot by an assassin who appeared suddenly. He was seriously injured within a few days. Up.

This was a bargain for the then Vice President Theodore Roosevelt. The 41-year-old Teddy Bear rushed to Buffalo and picked up a pie-he took over as the president and started his extraordinary career.

Speaking of it, Buffalo is a bit like the blessed land of the Roosevelt family, but Situ Nan's visit to Buffalo this time has nothing to do with the Roosevelt family.

After meeting Franklin Roosevelt, not long after Situ Nan returned to New York, he visited the Wells family in Glen Park and bought 15% of Wells Fargo's shares from them.

Wells Fargo recently became the sweet pastry in Situ Nan's eyes, for which he had to leave the bustling New York and come to Buffalo.He has planned for this for a long time, and has been in contact with the other party. Only recently have the negotiations yielded some results.

The predecessor of Wells Fargo Bank was the Wells Fargo Company, which operated transportation mail services in the Midwest of the United States. It had two founders, Henry Wells and William Fargo.

When we mention Wells Fargo, we have to mention American Express.American Express was formed in 1850 by Henry Wells, William Fargo, and John Barfield, three different transportation and express companies. At that time, American Express was headquartered in Buffalo.

After the establishment, the express company soon monopolized the transportation and express business in New York State, and quickly expanded its business to the west, and soon controlled the transportation and express business from New York State to the Central Great Lakes region.

But on the issue of whether to continue to expand its business westward to California and other western regions, the shareholders of Express have disagreeed.In the 1850s, when the Western Gold Rush was on the rise, Henry Wells and William Fargo were optimistic about this business and insisted on entering the California transportation market.

But it was opposed by John Buffett and other shareholders, so the brothers had to pull the bar to stand on their own.They hit it off, and in 1952, just three years after the founding of American Express, Henry Wells and William Fargo founded Wells Wells Fargo in New York.At that time, the registered capital was as high as 300,000 U.S. dollars, and its main business was transportation and express business in California and the east.

Of course, the newly established Wells Fargo Company still maintains a cooperative relationship with Express. Because Henry Wells and William Fargo are still the major shareholders of Express, Wells Fargo has maintained close relations with Express since its establishment. Relationship.Later, FedEx was also formed by the merger of the transportation business of the two companies.

In the late 1850s, the Phu Quoc Company began operating the stagecoach business.In the mid-1860s, it completely monopolized carriage transportation between California and the east.

After the completion of the Interstate Railway, through the acquisition of shares in the railway company, Wells Fargo became a giant in the transportation industry with railways as the mainstay and stagecoach as the supplement, covering more than 10,000 cities and towns in the United States during its heyday.Therefore, the Wells Fargo Corporation played an important role in the history of the Western United States. Its reputation spread throughout the western states. The settlers and their descendants in the west had a good impression of the Wells Fargo Corporation.

Situ Nan just took a fancy to the rich country brand, and it is really helpful for developing his own banking business.

As for Wells Fargo’s banking business, it originated during the gold rush, when Wells Fargo purchased raw gold from gold prospectors and sold gold coins.They transported the gold nuggets purchased in the west to the east, and then transported the gold coins minted from the east back to California to communicate the east and the west and promote the development of the west.

In 1905, Wells Fargo separated its banking and transportation businesses. In the same year, the Banking Department merged with the National Bank of Nevada to form the current Wells Fargo Bank.

It is like taking root in the golden blood vessels between the golden states in the western part of the United States and the eastern regions. After decades of absorbing nutrients, Wells Fargo has gradually developed and grown, and Wells Fargo has become the most prestigious bank in California today.

The great rivers go to the east and the waves are exhausted, a romantic figure through the ages.The years have been treacherous, and now Henry Wells and William Fargo have long passed away, but their families still control Wells Fargo and Wells Fargo.

But since Situ Nan bought their shares in Wells Fargo from the Wells family in New York, things seem to have changed, because how can the ambitious Situ Nan meet this small share? He wants it. It is the entire Wells Fargo Company and Wells Fargo Bank, not just bystanders who can speak their own voices at the shareholders meeting.

In order to reach a deal with the Wells family, Situ Nan had to reluctantly surrender some of the shares of Bethlehem United Steel Company. Fortunately, Bethlehem United Steel Company is now larger than Wells Fargo, and giving up a little equity will not affect To Situ Nan’s control of the steel company.

This is a win-win cooperation. For the Wells family, since Henry Wells, the founder of the Wells Fargo Company, retired in 1867, the Wells family has not held a position in the Wells In the hands of the Fargo family.

First, William Fargo took over Henry Wells as president and chairman of Wells Fargo. After his death, the company was handed over to his younger brother James Fargo.At the same time James Fargo also serves as the chairman of American Express.

It can be said that the history of Wells Fargo and Express is the family history of the Wells family and the Fargo family. These two families have surpassed the status of the western banking industry in the United States and the transportation industry in the country.

This shouldn’t have happened to Stuart, but the good news is that after James Fargo’s death the year before (1915), the Fargo family has never found a suitable successor. After the United States opened the Panama Canal, things Part of the Ministry's transportation business has also been swallowed up by the gradual development of ocean transportation. This is not good news for the rich country company, which has always been mainly railway transportation.

Moreover, Wells Fargo Bank has always been known for its prudent and pragmatic business strategy. It absorbs deposits from the private sector and then distributes loans to small and medium-sized enterprises or individuals to make the difference. This is completely the practice of well-regulated commercial banks.

Just like a good boy, or like an old farmer who is deeply plowing, Wells Fargo rarely runs risky speculative businesses. It just makes money steadily, not greedy, not jealous of others, step by step, and strength has always been relative. It grows slowly and steadily.

Situ Nan was no stranger to Wells Fargo in his previous life.As the saying goes, there are gains and losses. Although the steady development of Wells Fargo Bank is not as fast as Citigroup, Morgan and other banks that are keen on large investments and large speculations are not as prosperous as the big banks on Wall Street that call the wind and rain, but a hundred years later, exactly The prudent rich countries escaped the world-class subprime mortgage crisis.

In Situ Nan's previous life, in the subprime mortgage crisis on Wall Street, Wells Fargo Bank thrived and performed well and was praised by the world.It not only suffered little damage, but also took advantage of the opportunity to annex many troubled banks, expand its strength, and become the first-class commercial bank in the United States.

This is the well-established Wells Fargo Bank for a century.

Situ Nan thought silently.

Honest people’s persistence has a lovely side, but people are always speculative. In the face of temptation, it is estimated that most people will choose to return more speculation, right?

Situ Nan is no exception.Back in the turbulent twentieth century, Situ Nan has repeatedly succeeded in oil and financial speculation, but this is all based on his foresight of history. Deep down, he still appreciates Wells Fargo's steadfastness and painstaking management. , Adhere to the principled approach.

He called it the spirit of industry.

People are not rich without windfall, but windfall is just floating fortune. If you can't invest in a specific cause and continue to blindly speculate and gamble, the windfall will eventually drift away with the wind.

California and Texas are the land of Longxing in Situ Nan, and he has been committed to the development of local manufacturing.In his plan, whether it is Occidental Petroleum, California Steel, and future aircraft companies are the skeletons of their own economic giants, and the bank is to maintain the empire's evolving blood circulation system, without one missing.

Now that the giant’s bones have grown into an embryonic form, it is time to constantly add nutrients to it and enhance hematopoietic function. Wells Fargo Bank is a rare fresh blood. How can it be let go?

Situ Nan had already regarded California and other nearby states as his own reserved land. Now he occupied a lot of land, and the rest would naturally be cultivated well. Wells Fargo Bank was exactly what Situ Nan thought was a diligent farmer.

But can I easily get this old farmer?

With doubts, expectations, and determination, Situ Nan determined to enter Buffalo, the territory of the Fargo family. His goal is not only the old farmer of Wells Fargo, but also if he has the opportunity, he will also bring the bull of Express Also lead away.

Chapter 131 Rich Country-The Hillbilly of the West!

Dennis Fargo of the Fargo family negotiating with Situ Nan.His father James Fargo was the younger brother of William Fargo, the founder of American Express and Wells Fargo. After William Fargo died, his younger brother James Fargo inherited his brother's position.

The Fargo family has a great influence in Buffalo. William Fargo used to serve as the mayor of Buffalo. During his tenure, he solved the riots in Buffalo. He has done a lot. The avenue named after.So far the descendants of the Fargo family are still active in the political and business terms of Buffalo.

Before James Fargo died in 1915, his son Dennis Fargo was already the vice president of Wells Fargo.