LIGHTNOVELONLINE Chapter 26
＜ Black Wednesday. (1) >
“Scratch up all the cash you have!!!”
bang-!
Under George Gould’s leadership, the Federal Railroad Association gathered up liquid assets scattered across the country as soon as the meeting was over and raked it up with cash mobilization.
As Vanderbilt, Gould, Harriman, and other leading railroad tycoons pulled all their liquid money, huge amounts of cash piled up in the Federal Railroad Association’s vault.
2 billion in total.
In the meantime, huge capital, twice the amount that the railroad industry hammocked with accounting fraud, is ready to drown the New York Stock Exchange like a tsunami.
Monday, February 14, 1898.
New York Stock Exchange.
“Jason, I’m surprised you didn’t put all your money into the Saturday fire. How could you afford to buy a $1,000 short-selling fund?”
“It’s not that I didn’t do it, it’s that I didn’t.”
“Well then.”
William and Carl helped Jason into the interior of the New York Stock Exchange.
William looked inside.
Should I say that the atmosphere of the New York Stock Exchange is subtle? Of course, no one was happy, and no one was completely disappointed.
“When I was here in 1893, madness reigned supreme, but the hedge fund’s short selling funds seem to have taken a breather.”
“Is that so?”
“It is good when it goes up, and the loss is compensated for when it goes down.”
Carl shrugged.
“I have never felt so at ease from investing in stocks until today.”
“me too.”
“Is this a hedge?”
Jason sighed and sat down on the chair behind the exchange.
Carl looked inside the New York Stock Exchange, which had already begun.
“Today is a strange day.”
“Is that weird?”
“Check the ticker (stock item) on the stock price board.”
As Carl tucked into the stock board, William could see the stock board stopped in place.
Prices are neither rising nor falling. It just vibrated on the spot.
“……Isn’t it crashing?”
“It seems that the railroad company guys, they have gathered as much money as they have available to defend the stock price.”
Inside the New York Stock Exchange, men in suits with black briefcases were busy walking around.
They were escorted by three or four strong bodyguards, pouring out buy orders.
click.
When they opened the briefcase in front of the stockbroker, there were piles of bundles worth hundreds of thousands of dollars in cash.
“They are representatives of the railroad company. Hey, Jason, wake up.”
“knife?”
“Your ticker hasn’t been taken down yet?”
“My ticker is New York Central, oh, did it go up?”
jump-
Jason let go of his mind and jumped out of his seat. New York Central, which was expected to plummet today, was slowly rising like an ant while defending its share price.
Carl slapped Jason on the back.
“Did you bring stocks?”
“Uh, uh. Just in case you didn’t know, I brought it all in.”
“Then what are you doing? Not selling fast!”
Carl grabbed Jason by the neck and went to the counter, and came back a few dozen minutes later.
Jason slumped down in place, as if his soul had been lost with a blank expression on his face.
“Revenue 15%…..”
“crazy. Did you even save the country in your previous life? Isn’t that Jason’s nonsense? How do you get a 15% return in a market that should crash? Have you received any divine protection?”
“Anyone can do anything.”
“shit. What would have happened if I had committed suicide?”
dump.
Jason knelt on the floor and trembled. How desperate have you been until now, knowing that the money you poured from your in-laws to your debts will be decommissioned? The eerie sensation of jumping from the Brooklyn Bridge still gripped my body.
“Turn it off…Take it off…Kukk…”
Before long, a few drops of water dripped onto the floor, and Jason was sobbing.
“Ahhh!!!!”
***
23 Wall Street.
The office of President John Pierpont Morgan.
“Is the market closed today?”
“Yeah, the New York Stock Exchange stayed above 0% today. It seems that the railroad forces are trying to defend the stock price.”
Let JP Morgan burn a cigar.
The secretary laid out the materials from the Wall Street Journal on the president’s desk.
“+0.08%.”
“According to the data sent by Morgan, director of the hedge fund, the total amount of capital raised by the railroad industry this time is $200 million.”
“Morgan? How did he find out the total amount of capital he raised from the Federal Railroad Association?”
The Federal Railroad Association should not be taken lightly.
Their security details will be thoroughly checked by the Pinkerton National Detective Agency at all times.
Considering that Pinkerton’s career is nearly 50 years old, it’s absurd to say that a hedge fund that was only created about 4 months ago stole their information.
“Well…..”
What the hell did you use?
J.P. Morgan started groaning and poking at the material sent to him by the Wall Street Journal.
Meanwhile, the secretary’s message flashed through the mind of JP Morgan Chairman.
‘for a moment. ‘maintain’?’
JP Morgan’s head creaked like a wooden doll. The president’s secretary was making an expression like why the president is like this.
“Did you say that the Federal Railroad Association invested 200 million dollars this time?”
“Yes. Yes.”
“And the hedge fund must have been a $25 million fund, right? The amount raised in the short selling fund is 25 million dollars.”
“you’re right.”
tuk-
Chairman J.P. Morgan dropped the cigar he was biting on the desk.
“Then what you just said…”
“Yes.”
“Did you say that the New York Stock Exchange was ‘maintained’ when $200 million and $50 million hit their heads?”
“Yes?”
The secretary did not understand the president’s words for a moment, but as soon as he understood, his face began to become more and more contemplative.
$200 million and $50 million.
4 times the difference.
It is even a fund run by railroad trolls who have been rolling on the ground for decades and a high school student who is now 4 months old.
In other words, a wrestler and an elementary school student collided head-to-head authentically, but the draw ended.
“…..haha.”
Chairman JP Morgan looked up at the ceiling with an empty smile.
He was thinking in his head of his second son, who must be smiling by now.
“Such a monstrous child.”
***
Tuesday, February 15, 1898.
New York Stock Exchange.
🥳-
Investors on Wall Street opened the Wall Street Journal and looked at the Dow Jones Indices.
+0.08%
-0.01%
Yesterday’s stock market, which was supposed to be a crash market, remained flat.
There was also an atmosphere of fear that caused panic cells as if there was a fire in the butt every time it crashed once in a while.
It quickly calmed down due to a large-scale purchase agreement.
However, despite the unstable stock market, most investors honestly did not feel any tension.
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On the contrary, my heart was so relaxed that it felt like I was about to fly.
“What is this…Honestly, even if you lose money, you can make up for it with a short sale, so I’m not nervous. Because you invested $1,000 in going up and $100 in short selling.”
“Should I laugh or cry?”
Investors on Wall Street had grim expressions of mixed smiles and tears, but at least in their hearts they were as comfortable as sunbathing on a Florida beach.
They were being forced to learn hedges.
“Mr. Carl, is it normal to stay flat like this? I thought there was going to be a panic in the crash zone as soon as the news broke on Saturday.”
“William, the original stock marketer is a psychopath enchanted by a cunning and evil shaman. No one can predict, no one can predict.”
“But no matter how much you think about it, it’s strange that it doesn’t collapse, right?”
William pointed to the stock price board.
Just like yesterday, it only vibrated in place, but there was no upward or downward trend. Occasionally, he fell off with a panic cell, but he recovered immediately.
“Well, maybe it’s a cash war.”
“A cash war?”
“A war of money between railway companies that want to somehow raise the stock price and the short sellers who want to bring the stock price down somehow.”
“…!”
Carl recalled the Panic of 1893.
The situation today is very different from what it was in 1893.
The accounting fraud scandal, which was revealed after the market close on Saturday, made the railroad company ready for a day on Sunday.
The panic of 1893 was a sudden ‘accident’, but this was an ‘incident’ created by human revelation.
The railroads were raking in the cash they had available throughout the day on Sunday, giving them time to defend themselves.
“I mean, it’s amazing.”
“Are you curious?”
“I don’t know, but when the railroads and short sellers collided with their heads, it was always the railroad companies’ overwhelming victory. Do you know what?”
“no?”
“That’s because the railroad companies had an overwhelming amount of cash. When the price goes up through the roof due to the equity war between railway companies, the short sellers always attack like dogs, but the short sellers have never won.”
“Then how are stock prices maintained yesterday and today?”
William looked at Carl with questionable eyes. Carl was staring intently at the tickers on the stock price board, sweating.
“I told you. The stock market is nothing more than a psychopath enchanted by a cunning and evil shaman?”
“Yes?”
“A great wizard who lives somewhere on Wall Street…”
Wajik-
Carl crumpled up the Wall Street Journal newspaper he was holding in his hand.
[ Hedge fund released a short selling report this morning. ‘Get out of New York, right now’ ]
tuk-
Newspaper crumpled by a knife fell to the floor of the New York Stock Exchange.
“You must have done some magic in the New York Stock Exchange.”
***
Hedge Fund Secretariat.
“This would have been a tough fight without Frank. He must have still had an insane amount of $200 million in cash.”
“It’s a sympathy.”
When me and the secretary’s office first heard about the crazy $200 million in cash mobilization through Roosevelt’s insider information, we panicked.
Even with all the funds of short-selling funds and hedge funds, the limit was $50 million.
“Frank saved us. scary guy.”
“…I’m more afraid of the master who spent 100 million dollars with only 5 million dollars.”
But if you’re tired, you’re in full swing.
FDR kindly conveyed all of the opponent’s stock price defense strategy to us,
In two days, we spent only $5 million, and achieved the feat of exhausting the Federal Railroad Association’s $100 million.
“It’s a pinpoint strategy. Morgan always surprises me.”
“Since the New York Stock Exchange has been plagued by a major bad news of accounting fraud, individual investors are throwing panic cells saying that our hedge funds are excited even if they are only biting and playing. After all, the trend is downwards, so we only need to hit the railroad stock price with a hammer when the railroad stock price jumps up through the mole hole.”
“They say that the other party has to pour several times the amount of money in order to stop that panic cell trend…..it’s scary.”
James and Veyron looked at me with a mixture of astonishment. No, I know everything about the opposing team, but anyone can do this.
Isn’t this a bit too much to call a boss?
“However, if this continues, the New York Stock Exchange will only remain flat. Do we need more cash mobilization to achieve the crash we want?”
“James, what do you think is the biggest risk to the New York Stock Exchange?”
Tuesday, February 15, 1898.
I asked James, looking at the calendar with a meaningful expression.
“Risk… you mean?”
“uh.”
James frowned and rubbed his chin.
“Isn’t it a normal bubble?”
“Well, bubbles are also one of the biggest risks. But that’s not the answer I’m looking for.”
“then……?”
🥳-
I told James ahead of time, tearing up the February 15, 1898 calendar. According to the original history, today was the starting point to transform the United States, which advocated isolationism, to expansionism.
It is the turbulent 20th century.
The United States, which suffered from the Civil War, is also ready to wake up from winter.
“It’s a war risk. A very direct hit to the New York Stock Exchange.”
I still have the last card left.
***
Tuesday, February 15, 1898, 9:40 PM.
Havana, Cuba.
bang-!
profit-
The USS main ship sank.
Havana Port, Cuba, was transformed into a chaos in an instant, and the naval forces staying in the military port all poured out into the port and spit out flames, staring blankly at the sinking USS main ship.
“…the main compartment.”
Colonel Sixby ruffled his hair.
After disembarking from the ship for an interview with a reporter who was covered by the Wall Street Journal (WSJ), he felt his hair turn white in shock.
The USS main ship was the warship he commanded.
tuk-
A small envelope fell from the inside pocket of Colonel Sixby’s uniform to the floor.
[ Lucky Letter ]
This letter originated in England and rotates once a year to bring good luck to the recipient, and now it has been transferred to you and must leave you within 4 days.
You must send 7 copies including this letter to someone in need of good luck… (omitted)
– Detroit, Morgan Olym.
Coke Coke-
“Colonel, did you drop this…”
Stop.
A reporter for the Wall Street Journal (WSJ), who was interviewing Colonel Sixby, had to stop talking when he saw the scene unfolding before his eyes. The USS main ship, which was still floating in the military port until before, was exploding like a volcano.
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Once again a roar rang out, and a storm blew across the port.
“Wow, that’s a big deal.”
Woodangtang-
With the letter in the colonel’s hand, he rushed to the press room’s communication room to find the telegram.
Morgan, the hedge fund director, swept away reporters from other newspapers, so the press room was all about himself and his assistants from the Wall Street Journal.
“Senior, why are you like this? What are you talking about outside?”
“Calm down for now. Not sure about this yet. Fortunately, we are the only ones who can decide whether to forward this news or not.”
“what···”
“It’s urgent, so write it down as you say.”
“Yes, yes.”
Tack Tak Tak Tak Tak-
The reporter hurriedly sent a telegram to the headquarters of the Wall Street Journal (WSJ).
“On February 15, 1898, at 21:40, the main ship sank at the Havana Naval Port, Cuba.
widely-
The reporter trembled nervously and bit his nails.
“Shall I write? Shall I not?”
The Cuban War of Independence has already ruined US-Spain foreign relations.
Shall we also write down the words that the navy of the military port pours out in anger from before? For a moment, I remembered that the US Navy’s North Atlantic Fleet was stationed off the coast of Mexico.
The worries were brief.
“Please keep an eye on the movements of the US Navy (NAVY) North Atlantic Fleet. The public opinion of the local US navy is rapidly deteriorating, expressing anger over the atrocities of the Spanish Empire. A war between the US and Spain could break out soon.”
– The Wall Street Journal (WSJ) USS Main Ship Special Reporting Team.
widely-
＜ Black Wednesday. (1) > end