My America

After a while, the two talents got up one after another and became well-dressed high-class people. Who could have thought that the two talents had just done the inferior thing? Natalia found a suitable shirt for Sheffield before asking, "Why should the joint company collect funds? This is not a risk for its business."

"No, because I don't have those bankers who are greedy, this is a worse world. Just like this antitrust law storm, I don't need to let the Justice Department face off and successfully get out. Roosevelt's term is at best. Only four years, the main goal is definitely not me. As long as I show that it is not easy to provoke, the Ministry of Justice will find others in trouble. "Sheffield explained easily," For example, now there is only one track, many companies are unable to I was out of the existing track, and a wolf named the Ministry of Justice appeared on this track. I do n’t have to kill this wolf, because I may not be able to fight, and I do n’t need to exceed everyone, just make sure I do n’t Just be eaten, and the wolf will eventually be full. "

Treating a partner who sleeps on a bed every day, the slave owner can be said to have no reservations, "As for why the economic crisis, I am safer than those bankers, or because those bankers are greedy than me. There are many types of business, selling raw materials, manufacturing Industry, financial industry, but there are also certain rules, the bankers of the financial industry realize the fastest, but also have no foundation. Morgan continues to develop towards the real industry, and it is also railway and steel. There are two aspects to consider. The first is to make him no longer look weak, and the second is because of greed, the stock market is where he is so flamboyant. "

Seeing Natalia nodded inexplicably, Sheffield only said, "This time the stock market is so high, the key point is the establishment of the US Steel Company, and the Morgan Alliance used a lot of money to push up the steel company's stock. Of course, the Rockefeller family and I are also the beneficiaries, but now the valuations of the two steel companies are too high, and the bull market caused by this, I do n’t know how many retail investors are attracted. "

"If this is the case, wouldn't Morgan also be out of luck?" Natalia was confused by Sheffield and asked in a daze.

"Capital is the most honest, and Morgan must be able to predict the coming of the crash. Before that, he will definitely withdraw his position. As for the share value of the US steel company plummeting, it is a completely acceptable loss for his next harvest. "Sheffield shrugged." American Steel is nothing more than a tool used by Morgan to push up the stock market, just like railway stocks during the economic crisis thirty years ago. "

Sheffield remembers that when the economic crisis in history came, Morgan was transformed into the savior of the country. He organized a coalition of bankers, set up an emergency audit team to assess the losses of trapped financial institutions, provided loans to financial institutions that needed capital, and bought stocks in their hands.

He first injected his own funds to relieve the urgent need, and then the Roosevelt government gave the Morgan government funds to use the rights to alleviate the crisis. He then convened in his private library and demanded other bankers to contribute funds and promised to ensure market liquidity. It turned out that every financial institution supported by Morgan survived.

In the eyes of citizens, Morgan has become the savior to turn the tide, but this round of stock market and financial industry chaos is itself a merger of the steel industry by the Morgan Alliance, and the listing of American steel companies became the first stock market valuation company.

"So the purpose of Morgan's establishment of the American Steel Company is on the one hand to have its own foundation in the physical industry, on the other hand is to use this foundation to absorb the cash in the hands of retail investors, he made money like this." Natalia covered her mouth, I heard another world from Sheffield ’s mouth, “This money is too good to make. Such a powerful American steel company, in Morgan ’s hands, is just a tool to treat such a powerful company as a shell company. Waste it. "

"It's easy to lose money!" Sheffield tapped Natalia's nose and whispered, "No matter how big a banker is, the financial industry itself is a high-risk industry, and no one can do it without fail. Morgan will immediately find out Some of his loans cannot be recovered. The Morgan Alliance is at least looser than the Rockefeller family. Many things are different. "

At least Japan ’s loans are very difficult for Morgan to get back in a short time. It ’s not that they do n’t want to repay. It is because Japan after the Russo-Japanese War really has no money.

"Then what kind of company do you think has the highest ability to resist this risk?" Natalia was completely interested at this time, and kept asking like a curious baby.

"I!" Sheffield thought for a moment with a cold face, and said with some frustration, "There are companies like DuPont, we are all asset-heavy companies, and there will never be a loss of money overnight, so in the past two years The two companies are fighting a price war, and DuPont has not been affected at least on the surface. "

Once the economic crisis broke out, cash was king. As for whether it will be a problem to withdraw funds from many businesses from now on, Sheffield believes that it will not. At least in 1905, the products of the United Company will not worry about sales, and the more basic the better. For example, in the minerals in the Great West, the price of copper has increased by 100% and the price of lead has increased by 92%. There is no backlog and there is still a short supply.

Because of this large environment, the days of the DuPont consortium have also been very nourishing, and have come back and forth with the joint company.

And although Sheffield knows in his heart that junk bonds are all over the stock market, the few listed industries in his hands are definitely not. Naturally, he does not need to worry too much.

Not to mention, even at the moment, the importance of the Northern Securities Company to Morgan is not comparable to the importance of the canned and bull trusts to the joint company. The competition between the Northern Securities Company and the Ministry of Justice has entered the second stage. Entered the stage of the game in the Supreme Court.

At this time, many companies in the United States responded to the lawsuit. At the same time that the Northern Securities Company and the Ministry of Justice competed, the interim courts in various regions began to try the trust companies involved in the case. Of course, this also includes the United Company. Pat led the lawyers to South Dakota, where the interim court responded.

"The Ministry of Justice will really choose the place!" Pat got off the train station and took a long time to rush to the seat of the Provisional Court, Su Waterfall, which was named after the nearby waterfalls.

As the chief lawyer of the United Company, Pat asked himself, this should be the most remote place in his lawsuit. This ca n’t blame South Dakota. The population here is only 200,000. Su Falls is already the largest city in the state. Fortunately, there are 30,000 or 40,000 people.

If it is usual, Pat may not carry such a big complaint, but this time is different, he has been used to being a car, he had to rewind a few years ago, enjoying the romance of the carriage, as for the two carriages behind, jam It is full of the list and materials prepared by Trust.

The Supu District Court has picked up leaks. In this sparsely populated state, where the main economy is based on agriculture and meat processing is a pillar industry, this court did not hear too many cases. Even local judges cannot understand why they chose this place as the temporary court.

Not to mention the local judges, even the three ad hoc judges who came here, seeing the conditions here are a bit cold, even if they want to prevent someone from interfering in the trial, do not set up the interim court in the south, do not have to hide so far ?

The three interim judges still do n’t know that even if it ’s so far away, it ’s useless. South Dakota ’s pillar industry is meat processing. It ’s a coincidence. The two important members of the beef trust, the South Dakota, are still highly ranked. In order to avoid suspicion, the Ministry of Justice did not want to get a big city like New York. Not daring to put the temporary court in the Dixie place, and chose this place that seemed safe, but it was still a mistake.

In a court that is not usually concerned, this monopoly of unfair competition between beef and canned trusts began. Prosecutors produced evidence proving that the trusts manipulated prices, and the Ministry of Justice ’s quality control of the two trusts.

Pat turned a deaf ear, still restoring energy for the boat, and left all ears in and out of the right ear. He secretly said from time to time that he knew, and his indifferent attitude angered three temporary judges sent by the Ministry of Justice.

"Sorry, several judges, again I must first say that trusts are not the same as trusts. Not all trusts are good for the country, at least my client, the trust they are in is the protector of the majority of farmers, Every well-dressed gentleman should understand that farmers are a disadvantaged group. ”Pat finally heard the accusations faced by the United Company, slowly but very firmly stood up, and said toughly,“ I think the Ministry of Justice ’s trouble is very sloppy. The same goes for a trial. "

"I don't know Mr. Lawyer, do you have any valuable materials to hand in." One of the temporary judges asked.

"Yes, please wait, it's not easy to bring in." Pat extended his index finger and nodded at the assistant, and then a pile of responding materials and the client's authorization letter were continuously received by several assistants. Moving to the court, they eventually piled up like a hill, which surprised several temporary judges.

"This is the response materials of the 84 trust members and 452 agents." Pat whispered softly, "Several judges, please? We are all law-abiding businessmen The Ministry of Justice can send people to verify at any time according to the people on the list. "