The second volume is full of glory and splendor in the capital, and the spirit is full of vitality in the foggy city. Chapter 262: Little Morgan (Part 1)
This chapter's subtitle: Final boss
"Boss, you're going in the wrong direction!"
Our Master Yuan did not walk towards the building, but turned around and ran in the direction he came from.
“Beep!”
"Second Master, be careful!"
Fortunately, Xiaokang was quick enough to pull him aside, otherwise he would have been hit by a speeding car... Maybe it was a good thing for him.
"Boss..." the two henchmen, a man and a woman, asked in unison, "What's wrong with you?"
"I... I remembered something and I have to deal with it now!" Yuan Yan came back to her senses and explained with forced calmness.
Miss Moman raised her fair wrist and pointed at the exquisite ladies' watch on it and said, "Boss, we're running out of time! Don't forget that you're meeting Mr. Morgan today. It won't be good to be late..."
That’s right, I’m going to meet the contemporary king of Wall Street today, so I really can’t be late.
Morgan Sr.'s nickname was "Jupiter," the Roman version of Zeus, so it seems reasonable that his son would be called the King of Wall Street.
Our Master Yuan sighed, nodded, and without saying a word, he walked up the stairs with his entourage and entered the JPMorgan Chase headquarters building, which had only two floors from the outside and was shaped like a vault or a fortress.
"This is Dr. Yuan. He has an appointment with Mr. Morgan."
Given his current status and position, he doesn't need to and shouldn't show up even for general negotiations.
Do you understand what I mean?
For example, in this kind of situation, if he personally told the ordinary staff who he was, why he was there, etc., it would be cheap, so he brought his female secretary with him.
In 1921, the remnants of very strong. If he wanted to show off, he would not announce his name when he stayed in Europe or other places, but would have his servants do it for him.
So our Master Yuan brought Miss Moman with him, on the one hand because he wanted to find an opportunity to rough her up, and on the other hand because he really had this need.
Now the old man is standing with his hands behind his back, looking around at this "Wall Street Center".
There wasn't much to see, and while the furnishings were certainly opulent, they were merely opulent. This was, after all, a commercial venue.
He was just taking this opportunity to sort out his thoughts.
The Morgan family is different from the Rockefeller family. The former became rich very early.
His ancestors immigrated to the United States during the gold rush in the New World in the early 17th century and settled in Massachusetts.
Joseph Morgan, the elder Morgan's grandfather, initially ran a small coffee house. After working hard and saving a little money, he owned a grand hotel, then bought canal stocks and became a shareholder in the steamship and railroad industries.
After making his fortune, Joseph sold his ancestral farm in Massachusetts and moved his family to Connecticut.
By the time J.S. Morgan's father, Junior Spencer Morgan (JS Morgan), was born, his family was already a well-known wealthy businessman in New England.
However, the real story of the Morgan Consortium began in London, England, across the Atlantic Ocean.
In 1837, American businessman George Foster Peabody (1795–1869) moved to London, which had already established itself as a world financial center, and opened a bank.
At that time, the financial industry was still controlled by the Rothschilds, but Peabody made a lot of money by selling American securities and providing financing. The accumulated capital of 450,000 pounds was second only to the two financial giants Rothschild and Barings.
In 1851, Peabody invited Junius Spencer Morgan, also from the United States, to become a partner in the bank.
Their business in London flourished, successfully bringing large amounts of British hot money into the cash-strapped United States. Thus, the "Morgan Empire" was born.
Speaking of which, Peabody, one of the founders of the Morgan Consortium, was also a strange man. He was incredibly stingy in the first half of his life.
Legend has it that one time he was very ill and his partner JS Morgan persuaded him to go home and rest, so he took an umbrella and walked out of the office.
Twenty minutes later, Junius found him still standing on the roadside in the rain, so he ran out and asked him, "Mr. Peabody, it's time for you to go home."
He answered, "Yes, I am going home. But there is only one twopenny coach passing by, and I want to wait for a tenpenny coach."
By this time he had £1 million in his bank account.
But in the second half of his life, he was incredibly generous. People at the time said, "His charity in his later years was as excessive as his greed in his early years."
He built communities for the poor in London and was awarded the title of "Honorary Citizen of London." In the United States, he donated a history museum to Yale University, an archaeology and anthropology museum to Harvard University, and established an educational foundation for freed blacks in the South.
Even the great French writer Victor Hugo once wrote: "In this world, there are people full of hatred and people full of love. George Peabody belongs to the latter. It is on the faces of such people that we see the smile of God."
After Peabody's retirement, Junius Morgan took over the business and changed the name of the company to Junius S. Morgan and Company.
That's why his son JP Morgan was able to study abroad in Switzerland and Germany, and even attended the famous University of Göttingen in Germany, the same University of Göttingen where Schopenhauer and Nietzsche were professors.
In fact, from the end of the 19th century to before World War I, many wealthy American children went to Germany to study, such as Professor Clark, the "first person of the North American marginal school."
Because Germany was at the top of the world's academic world and at its most glorious period, students from Europe and the United States were proud to study in Germany, especially at the .
During this period, if a scholar did not have the experience of studying in Germany, he would be considered to have not received complete academic training. German also became the international academic language, and even many papers in the United States and the United Kingdom were directly named in German.
In economics, the German Historical School was at its peak during this period, fully capable of competing with the British Classical School of Economics. The New Historical School, within this school, was the source of various social reform movements that followed.
When JP Morgan returned from his studies, his father arranged for him to study at his friend Duncan & Co., and soon after, he opened a Morgan & Co. for him across from the New York Stock Exchange, which is 23 Wall Street where our Master Yuan is currently working.
In contrast, Rockefeller's father was just a quack doctor who had no medical license and sold fake medicine. According to Serris, he was a traveling healer.
And his father is really a talented person. Not only was he guilty of bigamy, he was also accused of sexually assaulting his own maid.
As we all know, Morgan & Co. made a lot of money during the Civil War, and its business prospered after the war. His former colleague, Charles Dabney of Duncan & Co., and his cousin Gutwin joined his company, and the company was renamed Dabney, Morgan & Co.
From that time on, Morgan Stanley implemented the senior partnership system, marking the beginning of the American partnership system. Merrill Lynch, Goldman Sachs, and others subsequently copied this system, and various industries in Europe and the United States began to adopt it, eventually even adopting high-tech emerging industries like Alibaba and Tencent in China.
JP Morgan created a vast empire throughout his lifetime.
Before the Great Panic in the United States in 1907, this financial group was connected with more than 200,000 major financial institutions with a total value of nearly 20 billion US dollars, accounting for one-third of the financial capital in the United States!
In addition, there are $12.5 billion in insurance assets, accounting for two-thirds of the U.S. insurance industry!
In the manufacturing sector, Morgan had 47 directors in 35 major American companies, including U.S. Steel, General Motors, Kenegut Copper, Texas Gulf Sulphur, Continental Oil, General Electric, and several railroads.
The Morgan system has a total capital of 74 billion US dollars, which is equivalent to a quarter of the capital of all companies in the United States!
There are 167 directors across America who execute the orders issued by 23 Wall Street.
It was with such huge...capital that JP Morgan was able to play the role of the central bank itself, forcing major US banks to lower their reserve ratios and inject massive amounts of funds into the panicked market, allowing it to safely survive the "Great Panic" of 1907.
The New York Times said at the time, "This concentration of power in private hands is unprecedented in our nation's history."
But seriously, if there had been such a "pillar" when Black Thursday happened, the Great Depression would not necessarily have swept the world.
As JP Morgan himself said, “We should abandon the untenable dogma that free competition can protect the public interest.” In his view, only by entrusting the industry to people like him can it run in an orderly manner and ensure the public interest.
What a domineering and powerful empire this is!
What an immense power this is!
This is why Linden Wan and the others didn't bomb anyone else but came to bomb the Morgan Consortium!
Thinking of this, our Master Yuan couldn't help but feel excited. If I could become the senior partner of the Morgan Consortium in Northeast Asia, there would be no need to worry about not achieving great things.
It is now the end of May 1921, only half a year after the "Minshi Xinjiao Movement", which is the best time.
It doesn't need to be much, just borrow 10 or 20 million US dollars from the Morgan Consortium.
I can bring this money back to Seris as early as July, and stir up some waves in the stock market to boost the market.
At the same time, there will be another financial innovation, using those "financial derivatives" to bring all the money that can be raised into trading markets at all levels.
With these high-leverage investment tools, Yuan Yanshu has the confidence to let go of salary savings, even the housewives' side dishes and children's pocket money.
I will secretly become a big short seller, and when the monetary policy is tightened before the Spring Festival next year, I will let the entire market fall apart.
Think about it, how much money can be made from this wave? How many people will be killed?
No, why would you kill someone?!
At that time, you will be the good man who cleans up the mess and gives out some money to provide a bottom line. People will praise you for that.
Then, they convert the debts they acquired at low prices into actual shares and acquire the banks, banks, companies, and exchanges they like...
Of course, it is easier said than done, but to do it one needs the support of foreigners, the help of warlords and the services of underground forces.
Hey, with 10 million US dollars, do you still have to worry about these three things?
In just less than a year, I became Morgan of Seris!
What "Sun Tanxiang who leads by example", what "Cao Zhongshan who never buys tickets", what "Marshal Zhang who is well-read", what "Lin Bei's legs", what "descendant of the devil", what military killing fist... none of them can escape my grasp!
"Pika Pika."
"Why……"
This time, Yuan Yan didn't even have the mood to retort and could only let out a long sigh.
I could have been the king of gods, standing at the top of the world and looking down on all living beings... or at least a member of the royal family.
Now that I have this crappy system, I can only be a shitty master. And there are still people asking why I'm carrying this crappy system?!
"Boss, they want you to come up."
"I see. You two can go get lunch on your own."
Master Yuan, feeling listless, tidied up his clothes and mood, sent away his female secretary and male driver, and followed the clerk who led the way to the top floor.
“Tap, tap, tap.”
"Come in."
"Mr. Morgan, Dr. Yuan is here."
The clerk stepped aside, revealing a large and luxurious, though definitely not extravagant, office, and several gentlemen sitting in it.
Among them was, of course, Mr. George Baker, whom he knew, not the old one, but Mr. George Baker II.
Mr. Baker, with his athletic physique, stood up swiftly and greeted him, "Neo, you're here?"
Yuan Yan quickly took off his hat and bowed gracefully, saying, "Yes, Mr. Baker. It's been a long time since we last met."
"Yes, it's been a long time since we last met. Last time I called you Misituo, but now I have to call you Daoketuo."
Mr. George Baker Jr. made a joke and said, "Dr. Yuan, let me introduce you."
Mr. Baker II pointed to a tall, thin, middle-aged man beside him and said, "This is Mr. Thomas Lamont, the current vice president of the Morgan Consortium."
It turned out to be the same senior partner who had hung Mussolini and Roosevelt side by side and who was known as “the most successful president in the history of the Morgan Consortium.”
"Mr. Lamont, it's a pleasure to meet you,"
"Dr. Yuan, I'm also very happy to meet someone like you. By the way, I heard that you are also a very insightful economist."
"Mr. Lamont, this is encouragement from senior economists. Please don't take it seriously."
Mr. Baker pointed to a sturdy, bearded gentleman and said, "This is Mr. George Whitney. He will soon become chairman of the New York Stock Exchange (NYSE)."
Yes, this is the NYSE chairman who called the Hanged Man a great patriot and believed that temperance was the hero who saved Germany.
"Mr. Whitney, I want to congratulate you then."
"Dr. Yuan, I also want to congratulate you on receiving your Ph.D. I've also read your book 'Socialism'; it's quite well written."
"Mr. Whitney, it's my pleasure."
Listen, I really have a lot in common with you two.
"And this is..." Mr. Baker II pointed at the last person in the room.
This man had a straight mustache, thick eyebrows, deep eyes, and a tall nose, and he bore a striking resemblance to his father. He appeared to be about sixty, the prime age for prominent figures.
I don’t know if it’s a psychological effect, but our Master Yuan felt that the person was very noble when he saw him.
Sure enough, George Baker II introduced him: "Mr. Jack Pierpont Morgan!"
