Chapter 625 Andrew Mellon
Even now, Sheffield still felt that it was a little sudden. Even though old Morgan was old, his passing away shouldn't be surprising at any point, but he still felt a little strange that such a prominent figure was gone just like that.
"What's wrong with you?" Louisa Morgan looked up at the man with tears in her eyes.
"Nothing, just a little weird. Our son was born not long ago. I came here to attend your father's funeral. This is my first time attending a funeral." Sheffield smiled bitterly with a confused look on his face, "I really don't have any experience in this kind of occasion."
Old Morgan's life can be said to be full of ups and downs. The Morgan Alliance he created is still the largest capital group in the United States, but the share belonging to the Morgan family is not large.
It can be said that his death this time attracted all the prominent people in the United States. It was different from his previous death in history. At that time, because of the sinking of the Titanic, old Morgan endured the criticism and accusations from all walks of life in the country until his death. He also traveled abroad to relax and died in Egypt.
Different environments led to completely different scenes. Old Morgan could be said to have died of old age. Financial giants and business tycoons from all over the country came to visit. No matter they had favors or conflicts with him, they all put aside the past at this time.
Sheffield was a little reserved at the funeral. As he said himself, it was his first time appearing in such an occasion. He was manipulated by Louisa Morgan like a puppet. He listened to the eulogy read by the pastor but did not hear a single word. He stared at the person who was looking at him.
There were railroad tycoons James and Hill, members of the Lowell and Adams families in Boston, Morgan representatives from Wall Street, and business representatives from Pittsburgh. There were many familiar faces, but there were also many unfamiliar faces that had never been seen before.
"Who is that guy? It seems like everyone around him is centered around him." Sheffield nodded slightly in a 45-degree angle and asked Rockefeller Jr. next to him. The old man looked like a big shot, but Sheffield had never seen him before. Sheffield only knew one Carnegie in Pittsburgh, but the old man in front of him was obviously not one of them.
"It's Andrew Mellon. It's very difficult for ordinary people to meet him." Rockefeller Jr. whispered, "Many wealthy people are actually very strange. For example, Morgan himself has a bad temper and doesn't seem like a banker who makes a living in the financial industry. My father himself is taciturn, and Andrew Mellon is even more strange. He is even more taciturn than my father. My father still has a few friends."
Born a loner with no friends? Sheffield's mouth twitched. Isn't this the standard adjective for white murderers in newspapers?
While the funeral was going on, Sheffield didn't ask much, he only knew that Andrew Mellon was the head of the Mellon family.
The Mellon family is still well-known in the eyes of later generations. It is one of the top ten financial groups in the United States, and is as famous as Rockefeller and Morgan. But now, although the Mellon family is quite powerful, it has been hiding in Pittsburgh and is not well-known.
This may also be related to the fact that Andrew Mellon, the head of the Mellon family, does not like socializing.
The Mellon family rose to prominence and became equal to the Rockefeller family and the Morgan family. The basis for their rise can be described in one word: collusion between officials and businessmen! Andrew Mellon served as the Secretary of the Treasury for several consecutive governments. By the time he left office, the Mellon family had grown into a behemoth.
Sheffield remembered that later in the United States, there appeared a mayor of New York who only earned one dollar. After serving as mayor of New York for more than ten years, this man's wealth skyrocketed to tens of billions of dollars. This operation method was probably learned from Andrew Mellon.
America has its own national conditions! Sheffield doesn't like this man because what Andrew Mellon did later is what he is doing now in the Democratic federal government.
But at least the slave owners did not personally engage in collusion between officials and businessmen. They were much more restrained than Andrew Mellon, who later became the Secretary of the Treasury. During his tenure as Secretary of the Treasury, Andrew Mellon not only used his power to exploit loopholes in the tax law, but also proposed two tax cuts to protect the interests of large business owners. As a result, the Mellon family gained a lot of benefits.
Andrew Mellon's motto is that if you often hang out with government officials, you will get the most benefits. What an honest man! This sentence is the same as the Rockefeller family's saying, "90% is not enough, I want 100%", both of which are the most straightforward classic sayings.
After the funeral, the people who came to attend the funeral left in twos and threes. For those who attended Morgan's funeral, attending the funeral was just an informal occasion for communication. It didn't matter whose funeral they attended, what mattered was that they could take the opportunity to meet and talk about each other's business.
It's like when the former prime minister dies, his funeral becomes a stage for politicians from all over the world to conduct diplomacy. Although it's a bit dirty in nature, it's the fact.
"I didn't expect the electrolytic aluminum king to come here. This person is really rare." On the way back, Sheffield, holding Louisa Morgan's arm, asked little Morgan, "I thought the relationship between your two families was not very good."
"Andrew Mellon, we live in a country like this. There will definitely be a lot of confrontations during development. The relationships between families are very complicated. There are times when they help each other and times when they undermine each other. There are also times when both exist." Morgan Jr. shrugged indifferently, "Isn't life like this?"
Sheffield nodded. This was a fact. The Mellon family and the Morgan family had conflicts. Andrew Mellon's attitude towards doing business was just like old Morgan's, full of tactics and calculations. The two were in the same era, so conflicts were inevitable.
When the Morgan family took action to rectify the coal cartel in order to ensure order in the steel industry, Andrew Mellon intervened and waited for old Morgan to come knocking. Andrew Mellon was forced to buy out the important assets of the Pittsburgh Coal Company from him and pay off the principal and interest of Mellon bonds.
The relationship with the Rockefeller family is the same as the relationship between the Mellon family and the Morgan family. After the oil boom began, Andrew Mellon founded Mellon Oil Company and invested in other ventures. Mellon Oil Company was squeezed out by Rockefeller's Standard Oil Company from the beginning. They took advantage of the time and place, tried every possible means, and relied on the banks they controlled to deal with Rockefeller, which was how they resisted Standard Oil Company.
Andrew Mellon then sold the oil business to the Rockefellers, just as Sheffield eventually sold United Motors to J.P. Morgan and J.D. Rockefeller.
"It turns out that the Mellon family has caused a lot of trouble to your family. Then why did he come here? What is his purpose?" Sheffield narrowed his eyes, as if he had just learned about the grudge between the Mellon family and the Morgan family, and asked Louisa Morgan.
Finally, Sheffield got into the role of Morgan's son-in-law. The Balkan War was still in the procedural stage, and he needed something to distract himself. He met Andrew Mellon today and felt that this goal was very suitable.
The slave owner who started to make trouble tried to sow discord in front of Louisa Morgan. The Mellon family and the Morgan family were both bankers in the financial industry and had several conflicts. Now Andrew Mellon came to attend the funeral, saying that he came to pay his respects, but perhaps he had the idea of ​​demonstrating in his mind.
Maybe he thought that after Morgan died, there was no one in the United States who could suppress him. The slave owner just made a presumption of guilt based on reasonable doubt.
"What should we do then?" Louisa Morgan had just had a child with the slave owner, and her whole heart was on Sheffield. When she heard her man say this, she thought it made perfect sense.
This is what the slave owner boasted, all women in the world love me! You can't blame Louisa Morgan for being too naive, a similar experience had already happened to Edith Rockefeller. There was nothing special about it, it was just that Sheffield was too generous to his women and too sincere when he used his money power.
They just knocked their targets unconscious with billions of points. Even Edith Rockefeller, a woman who attached so much importance to the Rockefeller name, now lived completely for the slave owners. Louisa Morgan, who was also not worried about money, also changed along the same route.
"I can help you teach Andrew Mellon a lesson, but you can't tell your brother a word." Sheffield put a finger on Louisa Morgan's red lips and warned softly, "Just consider it as my duty as the son-in-law of the Morgan family."
The slave owner's statement was righteous and awe-inspiring, but in Louisa Morgan's eyes, this statement was different. Because of his family's affairs, this man was going to be hostile to another powerful company. For a moment, she looked at Sheffield with a gaze that was so hot that it seemed to melt steel.
"Andrew Mellon is a cunning man, and his group is not easy to deal with." Louisa Morgan said quietly as she fell into Sheffield's arms.
"His company is called Mellon Associates, right? It's just right. We can merge it and erase the surname, and we don't even need to change the first name." Holding Louisa Morgan's delicate body, the slave owner started to talk nonsense, "In my life, I have always been emotionally impulsive with women. This has become a weakness."
"Well, you are just too good to women." Louisa Morgan rubbed her head in the man's arms and her voice was full of obedience.
Why did Sheffield want to cause trouble for the Mellon family? It was simple: one corrupt official was not happy with another corrupt official. Citizens' resentment towards the trust always existed, so they had to push some of them out to vent their anger.
(End of this chapter)
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