Chapter 644 Mellon's Compromise
"Every time I see him and my sister, I always feel weird." Little Rockefeller saw this scene through the window and said sourly, "What's so good about this bastard?"
"Maybe he's rich and generous enough." Little Morgan said empathetically, "You and I are also rich, but we don't treat women like he does. I also asked Louisa this question. To put it simply, he gave too much money."
Neither Rockefeller Jr. nor Morgan Jr. could possibly treat women like Sheffield did, using airships to throw money around. No wonder even their relatives couldn't stand it.
"Is Andrew Mellon here? I hate people who are not punctual the most." Sheffield, wearing a Swiss gold watch, seemed like a different person compared to when he was in the New York prison. He looked very arrogant.
Before the two of them could speak, Sheffield said, "I'm asking you two to be witnesses this time. To be honest, I don't really want to swallow up the Mellon family's assets. This is all for Louisa. Our children have to make a living in the future. I'll be worried if they don't have any way to make money. I'm willing to take over part of the electrolytic aluminum industry and put it under George Morgan's name. This will make me, as a father, feel more at ease."
"As for the shares of Carnegie-Standard Union Steel Company, they will be transferred to little William this time as well. He is getting older and he needs to learn something." As soon as Sheffield opened his mouth, he couldn't close it anymore, and he was about to lose his balance, because Edith Rockefeller and Louisa Morgan, both of them were hanging on the slave owner with happy faces.
"I'm very tired lately!" Hearing this complaint, the United States version of Ehuang let go and moved a chair for him to sit down.
Morgan Jr. and Rockefeller Jr. looked at each other with meaningful expressions in their eyes. On the one hand, they had just discussed this issue and were prepared that the money they were given was too much. But even though they were prepared, they were shocked again. The reason for the shock was that the money they were given was still too much.
"You've been paying attention to the affairs of the National Association for the Advancement of Colored People lately." Andrew Mellon hadn't arrived yet, so everyone started talking about other things. The slave owners always disappeared and reappeared like ghosts, and no one knew what they were doing secretly.
"The whole world knows about what happened in North Africa. Let me tell you something you don't know. Anne signed a reciprocal agreement with the colonies of French India and Portuguese India, which included clauses for joint suppression of riots." Sheffield said very modestly, "I have always wanted to enter the Indian market. With the help of these two countries, plus the special relationship between the United States and the British Empire, I should not be treated unfairly in the Indian market. You also know that the British are very mean. Although they cooperate with us in many areas, they always put us in a subordinate position. Things in the Indian market are not shared equally."
"In fact, we are all of the same culture and race. As long as the British give me some space for free trade, when the Indians rebel, can I not help them? As long as the money is enough, what is the difference between killing 10,000 people and killing 1 million people?"
"If India wants independence from Britain in the future, will you still help suppress it?" Rockefeller Jr. said with a smile, "Your joint company only has 20,000 armed forces, right?"
"Has it expanded to 30,000? Because the Kuwait territory is currently establishing local armed forces." Sheffield looked at Rockefeller Jr. and said, "John, I know what you want to say, but the world is changing."
Maybe when the United States joined forces with the Portuguese to defend Goa, they had already built a nuclear bomb? Who says that Kuwait can't become a stronger version of Israel in the future?
Finally, the Rockefeller family's butler reported that Andrew Mellon had arrived at the Rockefeller estate. This ended Sheffield's denunciation of the British Empire and entered into real negotiations.
The conditions of the New Rome Big Three were to acquire the electrolytic aluminum industry, which was previously worth $150 million, at the current share price of $50 million, and let the aluminum king leave at a loss. At the same time, they would move into Mellon Bank, each holding 20% of the shares, and the remaining shares would still belong to the Mellon family. The Mellon family could also retain the dominant position of Mellon Bank and continue to operate it. The three companies only needed the right to dividends.
"You are robbing!" Andrew Mellon stared at the three young rich men viciously, shocked by their greed.
"Can this capital market thing be called robbery?" Sheffield was unwilling to hear this. The old man couldn't see the situation clearly now. You are a die-hard supporter of the Republican Party, and you are showing off in my Democratic federal government? The case of unfair competition of the Mellon family is still pending in the Ministry of Justice.
"Is it a normal merger and integration of the capital market?" Morgan Jr. used his usual rhetoric. "In fact, if you give us half a year to a year, we can achieve our goal with more favorable conditions. Mr. Andrew, you should know when to stop and not be so greedy. Once the Rockefeller family's electrolytic aluminum industry factory is built, you will be in big trouble. I also don't deny that I will definitely cut off all financing channels of the Mellon family. You won't be able to hold out for long."
If there was one person in Pittsburgh who could help the Mellon family through the difficult times, it was the former steel tycoon Carnegie. Carnegie had his steel company, and the Mellon family had its aluminum industry and bank. The two of them would work together to keep each other warm. Even if the three giants of New Rome took action together, the Mellon family would not be afraid.
But Carnegie has now gone to do charity work. He is not really interested in money, but only in spending it. He does not have the ability to help the Mellon family withstand the pressure. The steel industry is in the hands of the three people opposite Andrew Mellon. This is also the fundamental reason why the three of them dared to force Andrew Mellon to submit.
Sheffield did not say much about the pressure from Andrew Mellon. On the contrary, Rockefeller Jr. and J.P. Morgan took it very seriously. The reason for this was that Sheffield had hinted that he wanted to give some of the property to Edith Rockefeller and Louisa Morgan.
So the two people who had just criticized Sheffield started to intimidate for the sake of their sisters. The fundamental reason was still that this bastard gave too much money.
The nauseating way the two ate with spit flying everywhere made Sheffield take Ehuang and Nvying out for a walk after a while. Watching them any longer would affect his impression of the two big men.
"I plan to buy a piece of land in Canada. Little William doesn't want to go to desolate Australia, so let's go closer. Chicago and Canada are separated by the Great Lakes. That should be fine, right?" Sheffield, who was holding a cigar, lowered his head and asked Edith Rockefeller to light the cigar. He exhaled a column of smoke and said, "I have always respected the influence and strength of the Rockefeller and Morgan families. I will never treat you unfairly. You know me well. I am just an excellent tool man. I wake up every day and only think about how to make money quickly. In fact, what do I need so much money for? I have no purpose at all, and I have no dreams."
"You want to be at the top of the world forever. Isn't that a dream?" Louisa Morgan said, "This dream is higher than many people's."
"This dream cannot be expressed in words, but it is a dream that everyone has. Speaking it out loud is not great enough!" Sheffield did not deny this most intuitive entrepreneurial motivation, and continued, "The steel industry will be handed over to Edith's children, and as for my shares in the aluminum industry that I got from the Mellon family this time, I will give them to George Jr. I will talk to Anne. There has only been one male heir in our family for several generations. Finally, with my hard work, I have many heirs, and I will try my best to take care of them."
"It's actually a little too early. You're still so young." Edith Rockefeller said softly, "I understand even if Anne has objections. Who doesn't consider their children?"
"It's not too early. Divide things while everything is going smoothly, or your descendants will be at odds." Sheffield patted Edith Rockefeller's butt. "I'm really afraid that one day I'm gone, and your two children will use the power of the Rockefeller and Morgan families to do something to the United Company. I want to settle everything now so that I can free up my hands to prepare for a feast."
If the slave owner remembers correctly, during the two periods of World War I and World War II, the economic growth of the United States increased by 20% per year. World War I directly wiped out the European capital in the country, and the United States became the largest creditor country. World War II established the foundation for surpassing Europe, although the formal surpassing was not until the 1950s.
Let’s not talk about World War II. World War I was the time to establish the status of the United Company. Now the industries it has intervened in are already a bit bloated. It is time to divide some of them and hand over some bloated industries to different heirs.
Although the steel industry still has several decades of prosperity, it is no longer in his plan. Mr. Rand, a partner of Sheffield Rand Company, followed his advice and looked for start-up companies around the world to invest in. The last call he made said that he thought a company called Lockheed had great potential.
Of course the slave owner would not let go of this famous national treasure-level company, and had even arranged a meeting place. After merging the Mellon family's industries, he would meet with the Lockheed brothers when he went to Washington.
When Sheffield was ready to have dinner, the steward of the Rockefeller Manor finally brought good news. Little Rockefeller and Little Morgan had made some progress. The hungry slave owner was no longer hungry. He lowered his voice and said to the two women, "If Andrew Mellon gives in, let's celebrate with a group sex tonight."
There was a light pinch under the ribs, and the slave master could feel that this was not an act of opposition.
The three companies contributed a total of US$75 million to the Mellon family's aluminum industry and bank, US$50 million was used to acquire the aluminum industry, and the remaining US$25 million was used to invest in Mellon Bank.
Judging from the humiliation that Andrew Mellon could not hide, this blow should have hurt this old man who had been in power for decades, but he had no choice. When the factory really went into production, the three major companies would join forces to exclude the Mellon family from the industrial system of the United States for a period of time. The operation method was the corporate version of the Trans-Pacific Partnership Agreement, which would decouple the Mellon family from the market within the United States.
Before the glorious future of the United States arrived, another powerful opponent was eliminated.
(End of this chapter)
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