Chapter 233 Little Morgan Visits

"To be honest, the decision to reduce taxes on large companies is not something that ordinary companies can do. I admire several large companies in Delaware!" Sheffield smacked his lips and continued, "Maybe it's envy, because United Corporation can't do the same in Texas. You also know that tariffs have been higher since the Republicans took office."

"Why should you care if the tariffs are raised? Are agricultural and livestock products difficult to export?" Edith Rockefeller said in surprise. "Given the scale of the United Company, the impact of tariffs on your company will be limited. Besides, the ones who are mainly affected are small businesses. What's the logic behind this?"

"The logic is that the smuggling industry is booming, and the United Company was originally engaged in this business. Asking the state legislature to cut taxes will definitely cause a backlash, and we must always take care of the interests of others." Sheffield told his mistress clearly that it was not that he did not want to learn from the DuPont Consortium, but that he did not have the basis for replication.

Even if you eat the meat yourself, you should leave some soup for others. The problem is that the United Company has been in the smuggling business for a much longer time than his heir, and a large part of the smuggling business was expanded by the Black Gold Company.

Sheffield would definitely not be willing to give up the main business of Black Gold Company in exchange for the tax reduction policy of the Texas Legislature. No matter how important the connections in Texas are, they are not as important as the private armed forces directly under the United Company.

Wanting the state legislature to reduce taxes without paying anything, considering that the United States' smuggling base is in their home country. There is not much money left to be made from tariffs, and it is not acceptable for the Texas government to get nothing out of it. So Edith Rockefeller said she wanted to copy it, but she knew she couldn't copy Delaware's move because she couldn't offer similar conditions in exchange.

"Besides, how can a state as small as Delaware be compared with Texas? Texas is a hundred times larger than Delaware, and the relationships it needs to build are not comparable to those of Delaware. If you want me to ask something of the Arlington City Government, I don't even need to hold a city council meeting, I can just send someone to the city government to tell them. The sons of the mayor of Arlington are all employees of the United Company, but even if I am being arrogant, I dare not say that more than two million Texans all work for the United Company."

"That's such a pity!" After listening to this, Edith Rockefeller realized that there were so many differences here, and it was not a problem that could be solved by simply copying the DuPont consortium.

"So we still have to compete for market share in the end. The DuPont Consortium is not easy to deal with. No one knows how much their industrial and mining holdings can be valued. It's just like the land of the Consortium. They are all incalculable assets. They may not seem like much, but everyone knows how many treasures are hidden inside." Sheffield said enviously, "Among the old companies, the history of the DuPont family is second only to the Boston First Bank represented by Adams. Although it is not like your father, Morgan, Vanderbilt, and Carnegie, who appeared invincible under the leadership of geniuses in a short period of time, the accumulation of a hundred years is also scary enough."

Sheffield pretended to be envious, but he was actually envious. Who would have thought that such an operation would exist in the late 19th century? This was the first interview where I witnessed the trickle-down effect.

Moreover, the first operation always has risks, such as the trickle-down effect. Although the current citizens of the United States are not very smart, the atmosphere among the people is definitely better than the stupid ones who will be affected by the full implementation of happy education a hundred years later.

Normal people would definitely be dissatisfied with this explanation. So Sheffield should use the media and newspapers in his hands to criticize the Delaware State Assembly and trample the reputation of DuPont to the bottom. But the DuPont family does not seem to have a good reputation, and people probably don't care.

Furthermore, this involves a very realistic problem. Sheffield cannot betray his class. He knows that the trickle-down theory is a lie. Capital will never despise its profit margins. It will lay off employees when it is time to do so. But he is a capitalist. What DuPont is doing now is just what he wants to do in the future.

Sheffield also wants to seal off the upward space of citizens as soon as possible and build a tight filter. So he must keep his mouth shut on this matter. Even if he doesn't praise it as a blessing, he can't criticize Delaware's actions.

"Your man is worried, can't you comfort me?" Sheffield glanced at Edith Rockefeller and pointed at his own face, "Can't you see how worried I am?"

Edith Rockefeller looked at Sheffield with amusement, walked over, lowered her head, and unbuckled the man's belt.

"I just simply want to be comforted!" Sheffield swallowed the words that were about to come out of his mouth. Others have done so much for him, how could he not appreciate it?

DuPont is a trust on the surface, but in reality it is a conglomerate, that is, a group of multiple enterprises. Although DuPont does not involve the banking industry, which is the most important for general conglomerates, this has resulted in the multifaceted nature of DuPont. Under the wings of DuPont, many members of the DuPont family also have their own companies.

This company, which also belonged to a member of the DuPont family, seemed to have nothing to do with the DuPont Consortium. However, there is a saying that blood is thicker than water, which is also true in the United States. A few years later, after Eugene duPont passed away, the three great-grandsons of the company's founder, Thomas Clement duPont, Alfred Irene duPont and Pierre Samuel duPont, bought the DuPont Company.

Could they use the company's money to buy the head office? Naturally, they used their own other wealth to take over the DuPont Consortium and control the DuPont Consortium with their personal property.

In fact, the Sheffield United Company has a similar model. In the sugar industry, the United Company is now a trust, but the Sugar Trust is just one of the industries of the United Company.

"Hmm!" Sheffield snorted. Edith Rockefeller had already stood up, with a little trace of blood still on the corner of her mouth. She turned and went to the bathroom. After a while, she came back to savor the taste. "Is the quantity still sufficient? My jaw hurts. Has Annie ever treated you like this?"

"She's different from you!" Sheffield glanced at Edith Rockefeller's exaggerated features and said, "Your question is too weird. I always feel that it's weird to talk about another woman at this time with a woman."

At the DuPont Consortium headquarters in Wilmington, Delaware, Pierre DuPont had just returned to the company. The resolution of the state legislature made him feel relieved. Now he thought that there was still room for recovery. After all, he had been deeply involved in the gunpowder field for many years, and now the Republican Party was in power. The family still had many connections in the political circles. It was just that their opponents took advantage of them.

Everyone knows that the first generation of the DuPont family was actually a diplomat. They came to the United States because of the unstable political situation in France. The first thing they did to gain a foothold in the United States was to help the federal government acquire French Louisiana. It can be said that except for the Adams family, which produced father and son presidents, the DuPont family knew how to develop by leveraging the power of politics better than anyone else.

Members of the DuPont family have always dealt with various politicians and are confident in their connections. As long as they wait for a year or two, the situation in the Philippines will stabilize, and the military generals will have less say, they will be able to resolve the pressure from this round of opponents. Now it is just a short period of hardship.

"Pierre, there is a guest waiting in your office!" As soon as he entered the DuPont headquarters, a beautiful female employee stopped Pierre DuPont and pointed in the direction of his office and spoke.

"Thank you, my sweetheart!" Pierre Dupont teased and walked straight into his office. He saw a man of similar age to himself, dressed meticulously. There was shrewdness in the man's eyes. He was definitely a difficult character to deal with. He was sitting in his chair, looking at him with a smile.

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"Excuse me, sir, who are you?" Pierre Du confirmed that he had never seen this person before, but the temperament revealed by the other party prevented him from saying bad things to him despite his bad temper.

"Although it's embarrassing, I've gotten used to it over time. My father's name is JP Morgan, and I'm Morgan Jr." Morgan Jr. sighed heavily, opened his hands and said helplessly, "Actually, I don't want to introduce myself like this, but my father's name is indeed more famous."

Morgan? This name shocked Pierre du Pont. Although the Du Pont family was also trying to develop as many industries as possible, it had no foundation in the banking industry, just like its competitors.

But even so, if Pierre Dupont had never heard of Morgan's name, it would be ridiculous to say it out loud. He is also the king of the banking industry. After calming down, Pierre Dupont asked, "If Morgan is going to discuss business with the company, he should go to Eugene instead of sitting here."

"Mr. Eugene DuPont is not my age after all! I'd be more successful if I talk to Mr. Pierre. Of course, if the start goes well, I will definitely look for Mr. Eugene." Little Morgan smiled indifferently and said unintentionally, "I heard that Delaware has made a decision to encourage the development of large enterprises. I'm happy for the DuPont family. The DuPont family is of French noble origin. By the way, just like the female nobles who follow the heir of the Sheffield family, they have their own traditions and pride. I just don't know how long it can last."

"Mr. Morgan seems to have something else in his words. You have to know that we rejected the Rockefeller family back then. We must have our own pride!" Pierre DuPont responded with a veiled tone.

"Don't be so hostile. I'm actually here to discuss cooperation. To put it more bluntly, we can be allies." Little Morgan shook his finger to indicate that he meant no harm.

(End of this chapter)