Chapter 455: Undercurrent
"It's okay. In fact, considering Standard Oil's profitability, this impact is not that severe. 90% of the domestic market is in your hands. What are you afraid of?" He hugged Edith Rockefeller and comforted her. The hot breath he exhaled made Edith Rockefeller feel safe. He said quietly, "You didn't lie to me. I gave birth to your child."
"Why would I lie to you? Only your father and brother know how much cash the Rockefeller family has now. Nothing will happen!" Sheffield did not lie. With 90% of the domestic market share, if something goes wrong with such a solid base, no company would dare to say that it is strong.
Once the blind investors come to their senses, they will buy back the stocks they sold, but no one knows how many people have made a profit and how many have lost money.
When Edith Rockefeller heard the slave owner's comfort, her nervous heart calmed down. Her family was so powerful that nothing would happen to her. It was fine in the first place. A fine of 25 million US dollars would be a huge sum of money for other companies and an unimaginable astronomical figure for citizens, but for Standard Oil, it was not a lot of money.
The current decline in Standard Oil's stock is just a purely technical adjustment and will soon return to normal.
Sure enough, the next day Rockefeller Jr. said that although the federal government had abused its power and the fine was unjust, Standard Oil was still prepared to fulfill its obligations and said that this turmoil would not have a major impact on the development of Standard Oil. After Rockefeller Jr.'s statement, Standard Oil's stock value began to stop falling and entered a stable state.
This also shows that although the citizen class hated the Rockefeller family who controlled Standard Oil, they could not escape the law of true fragrance. They regarded the Rockefeller family as the spokesperson of wealth and knelt on the ground and punched angrily.
When Sheffield arrived in New York, he unexpectedly had a guest, Mike, the director of the Knickerbocker Trust Investment Company, who came to the Rockefeller Manor to discuss cooperation with Sheffield.
"Mr. Mike, we seem to be strangers." Seeing the guest coming, Sheffield met him cautiously. If it weren't for the copper market, the two would have no intersection. They were in completely different fields. It was the Knickerbocker Trust Investment Company that intervened in Sheffield's field.
"Mr. William, although this is the first time we meet, there is still the possibility of cooperation." Mike simply said politely and directly stated his purpose, "I want to acquire the copper mine project under United Mining."
Sheffield raised his eyebrows. Is he talking to me? It seemed that he had never seen anyone propose to acquire his business in front of him. The saying "live long and see" was true. He always saw some strange things. However, this was the first time this happened to a slave owner, and he was a little uncomfortable.
"I wonder what price your company can offer!" Sheffield did not rush to refuse, and he rarely observed the other party's demeanor, because this was the controller of the company where the financial crisis originated. He wanted to see some clues from the other party, but as expected, he failed!
Mike has been in the financial industry for many years and has the ability to lie without hesitation. How could a slave owner with a lot of money see through him? He said calmly, "The facts are very obvious. Doesn't Mr. William like money? I believe that every businessman likes money. Selling products at a very attractive price is what every businessman should do, right?"
"That makes sense!" Sheffield acted as if he was interested and was thinking in his heart. Like many giants, he knew that the financial crisis would come back sooner or later, but he couldn't grasp the exact time. He couldn't tell from Mike's face whether the Knickerbocker Trust Investment Company felt good about itself or had already encountered problems.
"Let me put it this way. Regarding the accurate valuation, I didn't bring any professionals to New York. A manager will be coming to New York soon. You can discuss it then!" Sheffield said with an open attitude. "If this deal is done, I am optimistic that it will be successful."
In order to grasp the situation more accurately, the slave owner did not directly reject Mike's suggestion to acquire United Mining. He must maintain communication, otherwise he would be in the dark and things might get worse.
For example, if there is no detection, there will be no magical operation, and when it comes to getting benefits, it will only be more chaotic. Therefore, the attitude of Knickerbocker Trust Investment Company is to keep in touch so that there is sufficient response time.
Blair, the new head of Union Bank, arrived at Rockefeller Manor, which was a surprise to Sheffield. He asked, "Dear Blair, you seem a little anxious."
The professional manager Sheffield mentioned was not Blair, and negotiating the valuation of mineral prices was not Blair's specialty. Did Blair have in-depth research on minerals? Did he switch careers and go into finance?
"Gold is now extremely illiquid!" Blair looked at Sheffield with a serious face and said, in order to maintain the gold reserves, the Bank of England imposed a ban on the United States' financial bills, so that the United States companies could not import gold from London by loan. This meant that it was difficult for the United States' debtors to repay their debts by selling the securities on hand. As a result, the gold that was originally imported into the United States suddenly flowed back to London, because the American debtors could only use this to solve the repayment problem.
Blair made some earnest and crazy hints, but unfortunately the slave owner was a boss with no financial knowledge, and he asked back, "What does it matter?" It was like a flying kick, hitting back what Blair wanted to say.
"Boss, you at least know the relationship between gold and currency, right? That means the gold in the country is flowing out!" Blair could only smile bitterly and use simple words to make the slave owner understand.
"You financial people always complicate simple things with meaningless terms." The famous double-standard slave owner instantly forgot the technical adjustments he had mentioned to Edith Rockefeller. He seized the loophole in Blair's words and criticized the other party. He pondered, "But for the United Bank, this is not a big deal. The United Mining Department has a reserve of 200,000 ounces of gold. Please don't worry."
Sheffield revealed a secret to Blair, and at the same time showed his strong financial strength. He had been digging for so many years in Arizona and New Mexico, so he must have accumulated some money. But it was nothing like sleeping on the ground vault with Mr. Lafayette.
This also shows that the British Empire is worthy of being the current world hegemon. A ban can make the United States, which shouts about the American century, hang in the air. However, this is the influence of the external environment and should have little impact on the domestic situation.
"Boss, next month, which is July, a batch of national debts will mature." Blair saw that Sheffield did not realize the seriousness of the situation at all, so he dropped another bombshell.
Sheffield, who had already turned around, suddenly turned back, his face became extremely serious and asked, "Are you sure?"
If the British ban was just a factor of the international environment, then the maturity of New York Treasury bonds had nothing to do with the environment, but was a domestic problem. When Blair met his new boss, he finally realized the seriousness of the matter. "In fact, the stock market has generally fallen this year, but most people have not noticed it."
"Ordinary people, citizens?" Sheffield, who had already realized the seriousness of the matter, asked in confusion, "No way?"
"That's right, boss. It's just that the biggest decline of the market coincided with the San Francisco earthquake. The San Francisco earthquake diverted a lot of people's attention, making many people think that the decline was an accident caused by the earthquake. But in fact, it has been declining slowly in each quarter." Blair pointed out the key. "On the contrary, the rebound after the decline is more acceptable. Even if the time of the San Francisco earthquake is excluded, the decline this year has exceeded 8%."
"Mike came to us a few days ago and proposed to acquire United Mining!" Sheffield pointed out several doubtful points with a few breaths. Blair and Mike had worked together before, and he wanted to hear Blair's opinion.
Unexpectedly, Blair's face changed drastically when he heard this, and he said, "Based on my understanding of him, something must have gone wrong. He is now trying to go against the trend and take a gamble, looking for a time to get out of this predicament."
Sheffield put his hands in his pockets and looked up at the sky above the fence. In fact, he didn't know what he was looking at. What a quiet and peaceful scene, but it was actually surging with undercurrents. He muttered to himself word by word, "What do you think? If there are early signs, the most obvious way to see through the crisis? If there are clues, we can officially prepare."
Sheffield looked arrogant with his hands in his pockets, but he himself did not realize that what he just said was all grammatical errors. Blair thought for a while before he understood what his boss meant. He paused and said, "When public bonds mature, new ones will be issued. If they are sold out as soon as they are issued, it means that there is no big problem. But if the subscription does not meet expectations, it will be a big problem."
Sheffield made a tactical retreat. This similar scene seemed to have appeared a hundred years later? He quickly asked, "When are the bonds due and when are they issued?"
"Next month, July!" Blair had full knowledge of the relevant information and was not an ignorant slave owner.
Sheffield jumped up suddenly, his heart full of "F*ck!" He seemed to have just comforted Edith Rockefeller about the technical adjustment, which he thought would happen in a few months. Isn't the crisis imminent? The companies and banks involved in the financial industry are either covering up or watching from the sidelines. If he hadn't temporarily poached the losers of Knickerbocker Trust and Investment Company, they would still be kept in the dark and would have hit the iceberg soon.
(End of this chapter)
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