Chapter 466 No One Can Save the Market
"I'm fine. I've never been better. I feel like I've lost two pounds." Sheffield held the microphone and smiled meaningfully, "Is there a run on the family?"
"Nothing happened in Houston, but it happened in New Orleans, but it didn't cause any follow-up." Annie's sweet voice came, and she asked hesitantly, "William, how are you?"
"I just had a call with New York. My net worth has plummeted by seven million. I guess it will drop tomorrow too, right?" Sheffield couldn't help laughing as he spoke. "You didn't see that. Of course, I didn't see it either. But it seems that many companies' stocks have been cut in half. I wonder how many investors are looking for a balcony with a beautiful view to take a leap of faith. It's really exciting to think about it. Tonight is a sleepless night for me."
"How can I help you now?" Anne knew her husband was not serious. The slave owner had no idea about stocks, so he was not interested in the stock market's reflection of his worth. He said it was all fake. He had a majority stake in his company, and he would not sell stocks to cash out, so what was the use of the reflected worth? Stocks that could not be cashed out were useless.
"I'm going to transfer 1,000 black golds. I'm feeling more uneasy than ever before, afraid of retribution. Dear God, I think He's listening to many prayers right now, but I can't help but be on guard, in case they really have time." Sheffield used a file to polish his nails delicately, and said, "When the black gold people arrive in Chicago, I will immediately announce layoffs at Carnegie Standard Union Steel Company, in case the workers make trouble and it's easy to suppress them. In the mines in New Mexico, all the Yankees will be laid off and told to get out. If there are 5,000 layoffs, 10,000 will be announced, indicating that the industrial economy is under great pressure. This is of course to create panic. At the same time, it's just a step ahead. Although the financial industry is in trouble, the industry will definitely be affected in the end."
Anne held the microphone in one hand and quickly wrote down her husband's instructions with a pen in the other. The slave owner was an incredibly lazy man, and as a wife, she had already practiced this unique skill. "Anything else?"
"Do you miss me? I will return with a huge harvest." Sheffield covered the microphone like a thief. He looked at the door and saw that his children did not appear. He lowered his voice and said, "Give another child. One heir cannot manage such a large industry. Doesn't what I said make sense?"
"Boss, I found something!" Blair called right after he hung up the phone. He said hurriedly, "It's Morse's. Morse's bank invested in a high-quality asset. No wonder he's not in a hurry. Even if the bank goes bankrupt, he still has a way out. He hid it well enough. He almost got away with it."
"Hmm?" Sheffield became interested and said, "It looks like a treasure. Tell me slowly!"
"Tennessee Mining and Iron Company. Morse himself is the main creditor of this company." Blair said with excitement. "This is shocking. This is at least 20 million US dollars in assets."
"He is the one behind this company?" Sheffield asked hurriedly. He didn't expect that this bank, which was theoretically bankrupt and would be delisted within a few days, was actually a creditor of the Tennessee Mining and Iron Company?
The Tennessee Mining and Iron Company owned iron ore and coal resources in Tennessee, Alabama and Georgia. With the current decline, the stock of the Tennessee Mining and Iron Company would become worthless within ten days. Delisting would be the best outcome for the company. Hearing the name, Sheffield thought of Morgan who had just stepped forward to rescue the market, so he took the opportunity to acquire this company and let Morse go, preventing him from having the same fate as Heinze.
He just lost his career, but at least he still had money. Heinze lost both his career and money.
"I want to talk to Morse in person and ask him to come to Chicago. We can have a candid conversation." Sheffield's mind raced, and he spoke directly, "Ask Heinze to come as well. It's time for everyone to meet, but I won't go to New York. It only takes one day to ask them to come. The situation is already like this, how much worse can it get?"
"Okay, I'll tell them right away!" Blair followed Sheffield's instructions meticulously and hung up the phone.
"That's not right. How could it spread so fast?" Young Morgan was standing by the window of the headquarters building. He had just finished reading the report that he had been given. He felt worried. Compared with the prediction made by his father, things were developing a little too fast.
Things seemed to be getting out of control. Not only were trust companies affected, but the bank run had spread to the banking industry. This outcome had been anticipated, but neither his father nor he had imagined it would happen so quickly. Long queues that were enough to make one despair could be seen at the doors of every bank.
Now I just hope that my father has boarded the ship. Normally, Morgan should have created an alibi, and then on his way back home, he learned about the tragedy in the country and tried his best to save the market. This is how the script should have gone, and the crisis should not have spread so quickly.
What went wrong? The problem was that Sheffield happened to know that Morgan was traveling in Europe at the Rockefeller estate. Sheffield, who had rich experience in doing bad things, saw through this operation at once. Knowing that Morgan had not been in Europe for a long time, he judged the key node in time, detonated the bomb in advance, and then ran to Chicago.
Morgan and his son would never have expected that the slave owners, who had only the United Bank to support them and had never entered the mainstream financial circle's eyes, could actually foresee that a financial crisis would break out, and in the subsequent explorations, they calculated several steps similar to the financial crisis caused by the civil war on Wall Street.
Now that Morgan is gone, Sheffield is doing his best to create panic, just to speed up the steps of the process. On this point, it must be said that what Xiao Ma said is really right, money has not left us, it just stays with us in a different form. If you charge money, you will be tough, and you can use props to smooth out the synthesis time.
Morgan would never have thought that his opponent hiding in the dark was actually a financial novice, with no superb trading skills at all, and only the determination to drag everyone to perish together. In the end, everyone collapsed, and whoever had money would win. In order to achieve the greatest benefit, Morgan and his son designed a function problem, but the slave owner did not expect the greatest benefit, so in his eyes, this problem was no different from one plus one equals two, and he was prepared to take a zero anyway.
Morgan Jr. spent a day weighing and considering, and Sheffield also spent a day eating and carrying a heavy burden, and then met two bankrupts, a half-blooded former financial giant, Barney, the president of the trust company, and Heinze and Morse who supported the trust company's speculation.
In Edith Rockefeller's villa, the two parties, who had never met before but had indeed schemed against each other, met for the first time. Edith Rockefeller appeared and prepared some fruits for both parties.
"Hello, Mr. William, the owner of United Company!" Barney, the former president of the bankrupt Knickerbocker Trust and Investment Company, sighed and took the initiative to extend his hand to greet him.
"It's not very good. My net worth has dropped by more than 4 million today. The stock values of several companies are so bleak." Sheffield said with a bright smile, "You can't imagine it. It's really interesting."
Unable to hold back his laughter, Sheffield greeted her warmly, "Since the copper price surged, we are no strangers to each other. It is only a matter of time before we meet formally. Welcome to Edith's Villa."
"I want to know, has Mr. William communicated with the Rockefeller family?" Heinze asked the question in his mind.
"No, although the relationship between the two families is very good because of Edith, this kind of thing is a business secret, and John would not tell me." Sheffield shook his head and denied, "I only learned about this news very late, but I had one thing in mind from the beginning, which was not to let you merge the copper mine. Since I took over the United Company, I have been the only one to merge others, and I have never been merged by anyone. This is not the style of the Sheffield family."
"I heard from Blair that Mr. William is very interested in me?" Morse had already figured out Sheffield's purpose. He should be targeting the Tennessee Mining and Iron Company in his hands. Apart from the United States Steel Corporation and Carnegie Standard Corporation, the Tennessee Mining and Iron Company in his hands was the biggest competitor.
Morse thought that the other party knew something and was planning to merge with his Tennessee Mining and Iron Company to outwit Morgan, so he took the initiative to ask, "It should be because of the steel company, right?"
Smart people speak directly to the point. Sheffield couldn't help but sigh that Morse in front of him was a smart man. Otherwise, among the three giants of speculation, why did the other two lose a lot of money, while this one used a trick and still had half blood left.
"Mr. Morse is undoubtedly a wise banker, which is admirable. Yes, I want to talk about steel, but it's not the merger you think. The reason why I want to communicate with you is just to get you to agree to something." Sheffield said a little embarrassedly.
"What's the matter?" Morse was a little surprised. The other party didn't want to merge his business?
"I want Mr. Morse to publicly announce that you own the Tennessee Mining and Iron Company, and then watch the shareholders sell their shares!" Sheffield said his purpose with a smile, "The steel industry is of great significance to the stock market, and I don't want to see others have confidence in the stock market and no one can save the market."
(End of this chapter)
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