Chapter 567 Angry Slave Owner
Carrier? Sheffield's face changed when he heard what Morgan said. Although he was not an expert in the financial industry, he knew what he said. Morgan was eyeing an industry to make it a star stock, similar to Google and Tesla in later generations. This kind of stock must conform to the new concept in people's minds, which is more conducive to financing.
There were only a few stocks that fit this concept at the beginning of the 20th century. They were either emerging electrical appliances or the automotive industry that had already shown potential. There was no need to go around in circles.
"My dear friend, although bankers are often said to be greedy, your current thinking is a little too greedy." Sheffield crossed his legs and smiled lazily, "I just asked you to do a favor, but you asked for my car company. It's not that I'm stingy, but think about it yourself, is your request too much? Why don't you buy Standard Oil?"
With millions of cars produced each year, wouldn't it be great if Sheffield could just hold the profits himself? He also has to share the profits with others.
But in fact, Sheffield did not resist. His cold opposition was just to express his attitude. After all, cars are consumer products. Since they are consumer products, there is nothing that cannot be discussed.
Even in the United States at the beginning of the century, the automobile industry had a high status, but as long as the money was in place, everything could be negotiated.
On the other hand, the premise for everything to be negotiated is that the money is in place. Sheffield can say without hesitation that the United Motors Corporation is currently the world's largest automaker in this era. What about German automakers? The largest automaker in Europe is France. German automakers could not pull away from the French until the end of the 20th century. The reason why they can compete with Japanese automakers is entirely because the Chinese recognize German automakers. Without the Chinese market, German automakers would not be qualified to be on par with Japanese automakers, and would have to fight with French automakers in Europe.
As for France, the most powerful automobile industry in Europe at the beginning of the century, its annual automobile output was less than the monthly output of the United Motors production line. Sheffield United Motors Company could be said to be the Standard Oil of the automobile industry in the world.
So the slave owner asked J.P. Morgan in a tough attitude and bought Standard Oil together. This is because United Motors, even now in the world, is a company similar to Standard Oil.
Because of its family business, many of the United Motors' industries were not listed, which gave Sheffield the opportunity to falsify the accounts. Sheffield did not falsify the accounts of United Motors, which were real, but the accounts of other industries were compressed, making the proportion of the automobile industry appear high.
The purpose was to use United Motors as a cover to hide the money from other industries. And although the DuPont family was punished with the Delaware corruption case, there was a similar state law in New Orleans. As compensation for the employment contribution made by United Motors to Louisiana, Louisiana gave subsidies to United Motors.
Now, Morgan Jr. said that the stock market needs a stock king, and he only wants to help? Isn't this too much of a disrespect for United Motors?
"I'm not operating without paying, why do you look at me like I'm British?" Morgan seemed to be looking at a mad dog. Of course, he knew what he was asking for, and maybe it was a little too much. Then again, he was also too much to others, not just to one person, but to everyone.
"I really want to know now, how much money can you give me." When it comes to money, Sheffield's expression eased a little, and he pretended to listen attentively. This is the reality of slave owners' lives.
When Little Morgan heard that there was still something to discuss, he said with a happy face, "This is an important matter. Your request to me is important, and my request to you is also important. Since both are so important, I will not be in a hurry. I will think about it carefully and see if I can meet the other party's reasonable request."
Is this another reasonable request? Rockefeller raised his eyebrows, but remained calm. He was thinking whether he should get involved. United Motors has indeed become as popular as Standard Oil in today's world. Now that there is such an opportunity, Morgan Jr. cannot just take advantage of it.
"The Morgan siblings are a pair of bastards. One is arrogant and domineering, and the other wants to seize my property." Xie Feire put his hands in his pockets as he walked out of the Morgan Building. He kept muttering, venting all his dissatisfaction. "Greedy, cunning, and arrogant. I don't understand how such people can be bankers? The example of the Morgan family fully illustrates that this world is extremely cruel."
"Is it as turbulent and cruel as Mexico?" Rockefeller Jr. glanced at Sheffield meaningfully, reached out and touched the slave owner's suit, and sighed, "Once you put on this color, you will be completely different, just like your heart, proving that you are a real person from the inside out."
Sheffield was stunned, and looked at Rockefeller dryly, and said sincerely, "You are still alive today because of the power of Standard Oil. Otherwise, I really can't think of any reason. Can you still talk about mercy in front of me?"
Although he was not idle, Sheffield was still thinking about the next response. After all, Morgan suddenly talked about the automotive industry today, which was still a sudden event for the slave owner. He needed to think about it carefully now!
In fact, this is very similar to the historical time when Morgan acquired Carnegie Steel Company, rather than the situation in which two steel companies coexist in this time and space. It can be said that the original stock king should be the United States Steel Company chosen by Morgan Jr.!
However, due to concerns about the Morgan family's infiltration of entities, the U.S. Steel Company in this time and space was sniped by Standard Oil and Union Corporation.
Standard Oil was the lifeblood of the Rockefeller family. Even if J.P. Morgan wanted to create a stock king, he would not choose Standard Oil, not to mention that Standard Oil had already been one! It also did not conform to the new concept of the early 20th century and was not likely to attract the attention of the majority of stock investors.
Like Sheffield is doing now, building a closed loop of conglomerate, completing the internal circulation to take profits from all processes, and finally taking out the finished products for sale. Even if a slave owner evaluates himself, he can only describe it as greedy.
Such arrogance, the idea of wanting to touch everything and take it for oneself, may be unscrupulous and unbridled when the rules are imperfect, but once the situation stabilizes and the chaotic factors give way to the quiet factors, such people are doomed to die without a burial place. This is not an absurd paradox that justice will inevitably triumph over evil, but a historical law that has existed universally since ancient times.
Morgan Jr. hoped that Sheffield would give up the leading position, let all speculators share the benefits, and give absolutely appropriate compensation. In fact, it means that the slave owner's conglomerate closed loop should be stopped at a certain point, and not take everything for himself.
There are people who are involved in all kinds of industries. The Morgan family is also involved. However, while being involved in all industries, they establish dominance in the industry, hold a relatively majority of shares and set standards. That is too much.
The domestic market of the United States is huge, but it is only so big. The number of players entering the market is increasing every day, and the United Corporation wants to take the lion's share of everything. This greedy expansion is unsustainable.
Back in the car at Rockefeller Manor, Sheffield suddenly said, "John, are you also attracted to the automotive industry? Are you two plotting against me at the same time?"
"Do you believe me when I say I'm not interested in the auto industry? Do you believe me when I say I didn't plot against you with Morgan Jr.? Make your own judgment and don't ask me. But since you've mentioned it, I'll tell you the truth. If you're willing to agree with the Morgan family's plan to create a stock king, at least I should be included." Rockefeller Jr. said in a very calm and businesslike tone, and added, "We're talking about business now, don't talk about Edith."
Sheffield had to swallow the words that were already on his lips, and said with a guilty conscience, "What are you talking about? Why would I drag Edith into such a big thing? She has nothing to do with it."
Humph! Little Rockefeller glanced up and saw the Rockefeller Manor in the distance.
"In fact, you and Little Morgan probably have similar ideas, but one keeps it in mind and the other says it out loud, or Little Morgan said it before you." Sheffield continued, "No matter how high-sounding their words are, their deepest purpose is just this."
"You indeed lead too many industries. What Morgan Jr. said is correct. Although you two have almost the same ideas, Morgan Jr. knows how to share better. The Morgan Alliance is worth billions, while the Morgan family's assets are less than 100 million. As for you, you have worked hard for your industries, which is admirable. But you always have to consider other people's ideas." Before getting off the car, Rockefeller Jr. pointed out the similarities and differences between Sheffield and Morgan Jr.
"I'm thinking about this question!" Sheffield said this abruptly when he entered his room after entering the Rockefeller Manor. Then there was a heavy sound of the door closing, bang!
The non-cooperation was intentional, and the attitude had to be shown. In fact, after Morgan Jr. proposed to work on the car, Sheffield was thinking, what was the request from Morgan Jr. that he could not accept the most?
The most unacceptable request was not the car, but the Federal Reserve! If Morgan Jr. asked Sheffield to support the Federal Reserve, he would definitely turn around and leave without even listening. He was not averse to the Federal Reserve, but it would be better to wait until the world war was over before discussing the establishment of the Federal Reserve.
(End of this chapter)
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