British Civil Servant
Chapter 255: Drake wants to improve
The Chase Bank in the other side's mouth was the **** established by old Morgan, and Morgan Stanley was the investment department of the **** company. Later, the United States experienced the Great Depression. Congress passed the "Glass-Steagall". Act, which prohibits companies from providing both commercial and investment banking services,
Jr. Morgan split the investment division of Chase Bank, established Morgan Stanley as an investment bank, established in New York in 1935, and Chase Bank turned into a pure commercial bank.
When Morgan Stanley was established, 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 is a distinction in business now, they are managed by two generations of the same family. The banks were established by the doormen, and they were very familiar with each other.
Derek found the opportunity to buy a bargain. As the people behind U.S. Steel, the Morgan family cannot be said to have ignored it. The time savings of having people at Chase do the assessment together is evident.
"Oh, my dear brother, you are not a traditional person, why did you come here." Hearing the footsteps, Morgan III didn't look back, and the fishing rod in his hand didn't move, so he could already tell who was coming. .
The second-generation head of the Morgan family, Jr. Morgan, died of illness in 1943. Now the leaders of the Morgan family are Jr. Morgan's two sons, Morgan III, who was born in 1942, and eight years younger than him. brother Henry Morgan.
Compared with Morgan III, who had already seen the sixth, Henry Morgan was indeed in his prime, and at the age of forty-six was not old in any way.
The lake where Morgan III is fishing is the private domain of the Morgan family, which was bought by the old Morgan. This residential area includes a main building, two log cabins and several auxiliary buildings. It is located in the upstate area of New York, about five years away from New York City. hour drive.
This property located on the peninsula of Moxigan Lake between the mountains and forests has become the favorite place of Morgan III after the war. Not far away is the place where the old Morgan docked his yacht, and the shore is used all year round. villa.
The 1500 acres of land nearby made it very comfortable, and Morgan III liked this place very much.
But Henry Morgan didn't come here very often. This younger brother, who was eight years younger, was still very young at heart. If it wasn't for the fact that they were very familiar with each other, Morgan III would not have thought of Henry Morgan coming.
Sitting down on the solid wood chair next to Morgan III, Henry Morgan knew that his brother was fishing, so he said in a soft voice, "I borrowed it from the Asset Evaluation Department of Chase Bank, I hope you don't mind."
"It's just comfort here. If you don't have comfort, you won't be able to get in on the phone." Morgan III, still staring at the fishing line, asked in two minds, "You seem to think this is a good opportunity? Promote the steel industry to Asia?"
"Why not? The footsteps of the Morgan family never stop." Henry Morgan said without thinking.
"It is best that there is no country in this world, and everything is determined by the bank." Morgan III said something seemingly irrelevant, but in fact it was a recognition of his younger brother's ambition, "Is Derek's news reliable? ?"
"The small shareholder of the steel company, he is just a message-passing role. 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, "We will naturally evaluate whether the news is true. I have passed the people in the Far East and am going 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 a struggling fish up slowly with his hand, and said with a satisfied smile, "Isn't it 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." Morgan III greeted his younger brother Henry Morgan. Compared with many families, the relationship between the two brothers was decent. Before Xiao Morgan died, everything was arranged. Whoever has more and who has less will have quarrels.
The villa has a total of five bedrooms, three full bathrooms and one bathroom without a bathtub. The bathroom in the master bedroom retains the huge bathtub, shower, vanity and toilet that John Pierpont Morgan used when he bought the property.
Back then, the United States was not as convenient as it is today. The wealthy businessmen created this new construction method, which is to build American-style camp villas along the lake, using local original ecological materials to build them, so that they could be self-sufficient before railways and automobiles became popular. Self-sufficient.
A ** seven-year-old Morgan bought this place and built the villa according to the self-sufficient model.
Jr. Morgan also often came to live there. Before Jr. Morgan's death, the two brothers didn't come here very often. Now Morgan III sometimes comes to see it, and Henry Morgan almost forgot about this property.
If it hadn't been to discuss with Morgan III today, Henry Morgan would definitely not have come over normally.
The levels of the Morgan brothers and Derek are at different levels. Derek only wants to increase his voice in U.S. Steel by buying the mineral resources of British India and take it 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 can make real money on the other hand, and on the other hand, you can make money from the stock market. If everything goes well, you will get a win-win effect. Even if you fail in the end, you will have nothing to lose.
As a referee and a goalkeeper, of course, the Morgan brothers had better feel that a win-win situation is more cost-effective. If you take a step back, you can make a profit or a loss, so why not do it? In the end, someone pays the bill!
This hand has been used very skillfully since the old Morgan was still alive when he acquired Carnegie Steel Company and established the United States Steel Company. Even earlier, when most of the railways in the United States were acquired in the 19th century, it had already begun.
There are so-called railroad kings everywhere, but apart from a few tough bones, the real railroad king in America is Morgan, you mean the Vanderbilt family? When did that happen!
Chemical Bank, Chase National Bank, Han Wah Industrial Bank, Morgan Bank, Mobil Bank, Guarantee Trust Company, First National Bank and many other famous banks are all in the hands of the Morgan brothers. The Morgan family is as famous as it is today. Where are the railroad kings?
Compared with Henry Morgan, Derek, who is a big shot in front of Hollywood female stars, pretends to be relaxed but is actually very restrained. After arriving at Henry Morgan's office, he didn't dare to take a breath.
"As a director of a steel company, you are very energetic and very gratifying." Henry Morgan tilted his body and looked at Derek with interest, and didn't praise him until the client couldn't help it. 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 when he heard the praise, and said modestly.
"How can this tone be the same as the annoying federal government?" Henry Morgan said lightly, and directly told Derek to shut up. Just a few days ago, he also commented on Vivien Leigh in a high-pitched tone.
Now on another occasion and from a different angle, Derek has become the person who cannot be refuted after being criticized.
"I have already sent people from the Far East to British India. No amount of analysis would be better than seeing it with my own eyes." Henry Morgan nodded with satisfaction, "As for you, if this project is valuable, you can naturally represent U.S. Steel and promote the This good thing is all for the sake of profit, and it is up to you to see the results.”
"Thank you, Mr. Henry." Derek was full of anger and thanked him with excitement. This is his purpose, a director who wants to improve too much, and now he has finally won the favor of the ****, he doesn't know what to say.
"I'm still entertaining!" Henry Morgan raised his wrist and tapped his other hand with a finger, with a look of meaning on his face, of course Derek understood, and left Henry Morgan's office with his head down.
After getting the other party to leave, he shook his head helplessly, wasting twenty minutes!
As long as it is supplemented by financial means to operate in the stock market, even if all the bad results appear, the Morgan family will not lose money, it is only the shareholders who pay the bill.
Why did the Morgan family buy a steel company? It's not because it's easier to be a referee and a goalkeeper if the biggest steel company is in his hands.
As he walked out of the Morgan Sridan building, Derek was in a state of excitement, unable to extricate himself, unaware that he was in Henry Morgan's eyes just as he was in the eyes of Hollywood stars before, maybe he might as well...
As a well-known bank, Chase Bank naturally also has branches in the Far East. After the manager of the Magic Capital Branch received the telegram from the New York headquarters, he understood what the mission this time was.
Soon, he packed his bags and boarded the ship, and went to British India, which was in dire straits in front of the world but was stubbornly resilient to disasters.
Distance has never been a problem for capital. There is not enough manpower in the Philippines. The Chase Bank branch in Manila, the capital of the Philippines, also received a local telegram. They assembled a team with excellent professional quality and went to British India to check the facts.
See if things look like what Derek said!
Derek, who is still in the United States, is preparing for the 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 high. Take a look at yourself.
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