Chapter 473 It’s All the Federal Government’s Fault
"It's like arriving at the headquarters of the Spanish-American War Expeditionary Force!" After getting off the Chicago train station and arriving at Edith Rockefeller's villa, Morgan Jr. couldn't help but be surprised by the scene before him.
Edith Rockefeller's villa has been expanded twice, and it is like a small manor, with armed members of the Black Gold Company patrolling everywhere. It seems very special at this time. When arriving at the community intersection of Edith Rockefeller's villa, there are already community police conducting inspections.
"Edith's villa used to be located in a wealthy area with good public security, but it's not like it is now. The housing prices here have risen a lot, and many elites in Chicago want to move here." Rockefeller Jr. was not too surprised. He had come to his sister's house many times and witnessed this kind of change.
Knowing that the visitors were two super-rich people from the United States, the bodyguards around the villa did not dare to neglect them and led the two people inside.
"John, and Mr. Morgan, welcome to our house." Edith Rockefeller stood in front of the villa in her home clothes, welcoming the guests from afar. Her two children stood obediently on one side. At this time, Sheffield stumbled out, as if he had just gotten rid of his busy state. He put on his bow tie with an apologetic look and said, "I'm sorry, I think I have to dress more formally. This is also a respect for you."
"Then I am really honored by this!" Little Morgan raised his head slightly and looked directly at Sheffield's purple bow tie. He seemed to have never seen a slave owner wearing a tie.
Each other knows the other's purpose and there is no need for excessive small talk, especially in this environment. Necessary courtesy and qualifiers are unnecessary. The common threat is the federal government, especially the restless president in the White House.
The current relationship between the three and the White House is that Sheffield still has a trust case pending at the Justice Department. Morgan is not registering, but the coal cartel has been hit once, and Northern Securities Company is not talking about it. As for the Rockefeller family, a fine of more than 20 million US dollars has not been paid. In Edith Rockefeller's villa, the three gathered together to form an Avengers alliance.
I laugh at Rockefeller's recklessness and Morgan's lack of wisdom. If it were at this time... Sheffield was thinking about how to break this silence, whether to start with the third point today, or to drink some wine and talk about heroes.
"Dad wants to talk to my uncle and Uncle Morgan, so please don't disturb him." Edith Rockefeller held her daughter in her arms and held her son's hand with her other hand. She was a very good wife and mother.
"Seeing Edith like this, I almost doubted my own eyes." Morgan saw this scene and started with a light topic, saying that a woman would change so much because of love? Especially a problem child like Edith Rockefeller.
"It's OK! Very good." Sheffield said with a smile, "It depends on how much you care about her. As long as she is not mentally ill, even if it is a piece of stone, it will become warm if you hold it in your hand for a long time. Let's not talk about these personal things, let's talk about the current situation. I believe everyone is mentally prepared for the coming of this economic crisis, but they are all preparing secretly and hiding it from others. Now that things have come to this point, we have to communicate."
"If it weren't for you, William, blaming the bankers for the outbreak of the crisis, maybe things wouldn't be so bad. Of course, I'm not blaming anyone. Everyone has to be responsible for themselves." Morgan changed the subject and said, "Up to now, the Dow Jones Index has fallen by 45%. The exchange has not been closed yet, but the remaining transactions are no longer retail investors, not even speculators. They are all people with strong backgrounds behind them. There are my people, John's people, and yours, William. In fact, it is meaningless to continue fighting now. I can close the exchange at any time, because even if it is open, the stock market is solidifying."
"Closing the New York Stock Exchange will not have any impact on the current situation. Why don't we talk about what to do next!" Morgan Jr. expressed his thoughts in a very organized manner.
Rockefeller Jr. did not answer, but looked at Sheffield, wanting to know what the slave owner was thinking, whether to continue or stop. Forty-five percent was already the bottom for any stock market.
What to do next? This is a good question. The key is that Sheffield has never figured out what to do. He just feels that if Wall Street establishes the Federal Reserve at this time, it will be very disadvantageous for the United Company. At least in the financial industry, the current United Company is absolutely not qualified to cut the cake that will satisfy the slave owners.
From this perspective, Sheffield has succeeded. If the Federal Reserve, which is centered on a group of private banks, is proposed again, the citizens who have experienced this crisis will definitely not agree. The evaporation of deposits in failed banks will prevent the citizens from being fooled by the bankers' sweet talk.
The three families have different bases. The Morgan family has banking as its foundation and insurance as its main business. They also have layouts in the electrical industry and many other industries, but most of the industries only have a small share, which is used for investment and dividends. They used to be very strong in the railway system, but like the Rockefeller family, this advantage was interrupted by the White House.
The Rockefeller family's main business is oil, and they also have investments in steel, railways, and minerals. However, they are heavily involved in the medical industry, which is the only industry that has received continuous investment.
Sheffield has obvious advantages in agriculture, animal husbandry, automobiles, and aircraft. It shares the electrical industry with Morgan, supermarket chains with Bostonians, and steel with the Rockefeller family. Its rival is the U.S. Steel Corporation. As for tobacco and sugar, they are not that powerful. In the invisible field, they are strong in movies and newspapers, but there is no way to quantify it.
There was no point in continuing the confrontation. Morgan Jr. had already said that if Sheffield continued to prepare to harm others and not benefit himself, he would close the New York Stock Exchange and put all the remaining money into bargain hunting. Between saving the stock market and saving the banks, the Morgan family chose the banks, but they could make this battlefield disappear by closing the stock market. Anyway, the reputation of the banking industry was already like this, and they didn't care about getting even worse in the eyes of the citizens.
"Hmm! I have never had any ill will towards the Morgan family. Everyone knows the importance of the Morgan family to the country." Sheffield cleared his throat, and his attitude was completely different from when he wished that the Morgan family would disappear in front of Edith Rockefeller. They were preparing to close the exchange, so it was not that we couldn't talk, but that we could still communicate. "In fact, it was because everyone was hiding something, so we didn't know the intentions of others, which led to this conflict. Although I am an arrogant slave owner, I am not so arrogant as to think that I can dominate the country alone."
"The problem now is not how we view each other, but another problem. The federal government's rhetoric has become increasingly tough in recent days. We all know that the current president in the White House is a very difficult and problematic president." Sheffield shrugged and said, "He is our common enemy."
Edith Rockefeller, who was reading a book outside the study room in a dignified manner, curled her lips and thought sourly, I don’t know how many times I have slept with someone’s daughter, and now I think of the solidarity between big companies, shameless...
"That's right!" Morgan Jr. and Rockefeller Jr. both nodded in agreement. Several companies had been hit by this president. The losses were no less than this crisis. During the crisis, the three companies had not bought at the bottom. They could have made up for the losses after buying at the bottom, but the losses caused by the antitrust law before could not be made up.
Sheffield thought as he spoke, "The crisis has already happened. Who will be responsible is a big question. So far, John and I have been greeted warmly by workers since the layoffs were announced. As for the cause of the crisis, it was the internal strife on Wall Street. If we don't solve this problem, even if the crisis is over, it may take us a long time to repair our image in the hearts of citizens. If we don't solve this problem, the future will be bleak."
"Don't you have the media?" Rockefeller Jr. chuckled and said, "At least you are very influential in the West and the South."
"I only have influence there. In the North, I can only ensure that people listen to me. That's not enough! So I can't speak with one voice alone." Sheffield shrugged. "If the problem doesn't lie with us entrepreneurs, then it must be the fault of the federal government. We companies need to unite."
"My father is not in the country," Morgan Jr. said. "We can announce to the public that the Morgan family was unaware of the infighting on Wall Street. Everyone knows that my father is already in a semi-retired state. Without me to save the situation, who knows how many banks would have gone bankrupt."
"The Rockefeller family has just been heavily fined, and there is no money on the books." Rockefeller Jr. spread his hands and looked helpless as if it were real. "So this crisis has nothing to do with me. I also want to benefit from it, but I don't have the ability to do so."
"United Company is in such a difficult situation that they have to lay off employees to survive. I think I'm the one suffering the most, but I'm just trying to survive!" Sheffield said righteously, "And the federal government is not friendly either. The current business environment is terrible."
Hehe! In the study, a heart-pounding laugh was clearly heard, and Edith Rockefeller couldn't help but stay away.
"This is all the fault of the federal government. If he hadn't imposed sanctions on big companies and caused panic, the crisis would never have happened."
"What do you mean by if? The fact is, this crisis was caused by the federal government."
There may be only two updates today.
(End of this chapter)
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