The Chase Bank the other party referred to was the Chase Bank founded by Morgan Sr., and Morgan Stanley was originally the investment arm of Chase Bank. Later, the United States experienced the Great Depression, and Congress passed the Glass-Steagall Act, which prohibited
The company provides both commercial banking and investment banking services.
Morgan Jr. split the investment department of Chase Bank and established Morgan Stanley as an investment bank in New York in 1935, while Chase Bank was converted into a purely commercial bank.
When Morgan Stanley was founded, Chase Bank often sent people to assist. Now the senior managers of the two banks were colleagues in the same department in the early years. Although there are differences in business now, they are still managed by two generations of the same family.
Banks established by different disciples are very familiar with each other.
As the people behind U.S. Steel, the Morgan family took the bargain-hunting opportunity Derek discovered seriously. This can be seen from the time saved by letting people from Chase Bank do the evaluation together.
"Oh, my dear brother, you are not a traditional person, why did you come here?" Listening to the footsteps, Morgan III did not look back, and the fishing rod in his hand did not move, and he had already identified who was coming.
.
Morgan Jr., the second generation head of the Morgan family, died of illness in 1943. Now the leaders of the Morgan family are Morgan Jr.'s two sons, Morgan III, who was born in 1892, and Morgan III, who was eight years younger than him.
brother Henry Morgan.
Compared to Morgan III, who has already seen Ben Liu, Henry Morgan can indeed be said to be in his prime, and at the age of forty-six, he cannot be said to be old in any way.
The lake where Morgan III fished was the private property of the Morgan family. It was originally purchased by Morgan Sr. This residential area includes a main building, two cabins and several auxiliary buildings. It is located in the upstate area of New York, about five miles from New York City.
hours' drive.
This property is located on a peninsula by Lake Mohican among mountains and forests. After the war, it became Morgan III's favorite place. Not far away is the place where old Morgan docked his yacht, and the shore is used all year round.
villa.
The fifteen hundred acres of land nearby made the place very comfortable, and Morgan III liked this place very much.
But Henry Morgan didn't come often. This younger brother, who was eight years younger, was still very young at heart. If they weren't very familiar with each other, Morgan III wouldn't have thought that Henry Morgan was coming.
Sitting down on the solid wooden chair next to Morgan III, Henry Morgan knew that his brother was fishing, so he said in a gentle voice, "I borrowed it from the Asset Appraisal Department of Chase Bank for a while. I hope you don't mind."
"It's just comfortable here. It's not so comfortable that you can't even make calls." Morgan III's eyes were still staring at the fishing line, and he asked, "You seem to think this is a good opportunity? Promote the steel industry to Asia?"
"Why not? The Morgan family will never stop." Henry Morgan said without thinking.
"It would be best if there were no countries in this world. Everything is decided by banks." Morgan III said something seemingly irrelevant, but in fact it was an endorsement of his brother's ambition. "Is Derek's news reliable?"
?”
"As for the small shareholder of the steel company, he is just a messenger. But if it succeeds, I don't mind letting him play a bigger role. It's not a mistake to pursue more money, right?" Henry
Morgan nodded and said, "Whether the news is true or not, we will naturally evaluate it. I have already passed the people in the Far East and am preparing to go to British India. If there is no problem, I will give this opportunity to Derek."
"This is a good thing for U.S. Steel's stock." Morgan III raised his eyebrows, pulled up a struggling fish with a rod, and said with a satisfied smile, "Isn't that right, Henry?"
"Exactly, my brother." Henry Morgan said with a knowing smile, "Absolutely good news."
"Let's go back to the house and talk. It's been a long time since we last met." Morgan III greeted his younger brother Henry Morgan. Compared with many families, the relationship between the two brothers was better. Everything had been arranged before little Morgan died. There was no reason for the two to
There will be discord between who is more and who is less.
The villa has a total of five bedrooms, three complete bathrooms and one bathroom without a bathtub. The master bedroom bathroom retains the huge bathtub, shower equipment and wash basin that John Pierpont Morgan used when he bought the property.
Basin and toilet.
The United States was not as convenient as it is today, so wealthy businessmen created this new construction method, which was to build American-style camp villas along the lake, using local original ecological materials to build self-sufficiency before the popularity of railways and automobiles.
Self-sufficient.
In 1897, Morgan Sr. bought this place and built a villa according to the self-sufficient model.
Young Morgan also came to stay often. Before Young Morgan passed away, the two brothers did not come here very often. Now Morgan III sometimes comes to visit, and Henry Morgan has almost forgotten about this property.
If I hadn't discussed something with Morgan III today, Henry Morgan would definitely not have come here.
The two Morgan brothers and Derek were on different levels. Derek only wanted to increase his voice in the U.S. Steel Company by bargain hunting for mineral resources in British India, and move to a higher level.
But the Morgan brothers believe that financial means can also be used to promote the stock price of U.S. Steel.
On the one hand, you make real money and on the other hand, you make stock market money. If everything goes well, you will get a win-win effect. Even if you fail in the end, you will not lose anything when you enter or exit.
As referees and goalkeepers, the Morgan brothers would of course feel that a win-win situation is more cost-effective. If they take a step back, they can make no profit and no loss, so why not do it? In the end, someone will pay for it anyway!
This technique has been used very skillfully since the old Morgan merged with the Carnegie Steel Company and established the United States Steel Company when he was still alive. It had already been used even earlier, when he acquired most of the railroads in the United States in the 19th century.
This chapter is not finished yet, please click the next page to continue reading the exciting content! There are so-called railroad kings everywhere, but except for a few hard-to-gnaw bones, the real railroad king in the United States is Morgan, you say Vanderbilt
Family? When did that happen?
Chemical Bank, Chase National Bank, Hanwha Industrial Bank and many famous banks such as Morgan Bank, Mobil Bank, Guaranty Trust Company, and First National Bank are all in the hands of the Morgan brothers. The Morgan family is still as prestigious today.
, where are those railway kings gone?
Compared with Henry Morgan, Derek, who acted as a big shot in front of Hollywood female stars, pretended to be relaxed but was actually very reserved. He didn't dare to take a breath after arriving at Henry Morgan's office.
"As a director of a steel company, you are very motivated and very gratifying." Henry Morgan tilted his body and looked at Derek with interest. It was not until the client could no longer bear it that he started to praise him.
road.
"It's all for the development of the company. Everyone thinks that expanding the influence of U.S. Steel is a good thing." Derek finally breathed a sigh of relief after hearing the praise and said modestly.
"Why does this tone sound like the annoying federal government?" Henry Morgan said lightly, immediately shutting up Derek. Just a few days ago, he had said this about Vivien Leigh in a condescending tone.
Now in a different situation and from a different angle, Derek has become the one who cannot refute the criticism.
"I have asked people from the Far East to go to British India. No amount of analysis would be better than seeing it with your own eyes." Henry Morgan nodded with satisfaction. "As for you, if this project is valuable, you can naturally represent the United States Steel Company and facilitate it."
This good thing is all for profit, and the results are up to you."
"Thank you, Mr. Henry." Derek was filled with anger for a moment and thanked him in an excited tone. This was his goal. A director who wanted to make progress too much, and now he finally got the favor of the big boss, he didn't even know what to say.
alright.
"I still have some entertainment!" Henry Morgan raised his wrist and pointed with a finger on his other hand, with a look on his face that said you understand. Of course Derek understood, and walked backwards out of Henry Morgan's office with his head lowered.
I waited until the other party left before shaking my head helplessly, wasting twenty minutes!
As long as financial means are used to operate the stock market, even if all bad results occur, the Morgan family will not lose money, it will just be the shareholders who foot the bill.
Why did the Morgan family acquire the steel company in the first place? Isn't it because if the largest steel company is in its own hands, it would be easier to be both the referee and the goalkeeper.
Derek was in a state of excitement all the way out of the Morgan & Slydan Building. He had no idea that in Henry Morgan's eyes, he was just like the Hollywood stars in his eyes before, maybe even worse...
As a well-known bank, Chase Bank naturally has branches in the Far East. After the managers of the Shanghai branch received the telegram from the New York headquarters, they understood what the mission was this time.
He quickly packed his bags and boarded the ship, heading for British India, which was in dire straits in front of the whole world but was tenaciously resisting disasters.
Distance has never been a problem for capital, and there are not enough manpower in the Philippines. The Chase Bank branch in Manila, the capital of the Philippines, also received telegrams from the country, assembled a team with excellent professional quality, and went to British India to find out the truth.
Let's see if things are as Derek said they are!
Derek, who is still in the United States, is preparing for his official debut with a progressive heart, making up for everything in British India, preparing to contribute to the expansion of U.S. Steel in the most important market in Asia, and at the same time making the Morgan family happy.