LIGHTNOVELONLINE Chapter 29
＜ Black Wednesday. (4) >
– Now I have to decide which accounting firm to audit the Pennsylvania Railroad (PRR).
– Redesign work for the reorganization of BNSF’s rail network is also urgent.
– No, the train has to roll first, so we need to hurry up with the reorganization of gauges and train stations!
When the blueprint for the new railroad industry that I proposed was passed unanimously, discussions about the big deal began in earnest.
Gradually, professors from prestigious universities and accountants from accounting firms started to kick off, and the secret meeting soon entered a bloody negotiation phase on practical matters.
I took a step back and watched.
The design I proposed is just a framework that will become the foundation of the new railroad era, and it is now their role to attach the flesh.
As the size of the falling Congo water was so large, everyone jumped in with all their enthusiasm.
‘At least, it will be a five-year railroad era.’
Like a mosquito, I only wanted to stick a straw in the railroad company and suck it up, but I had no interest in the railroad itself.
I have no intention of receiving it as a reward, nor do I want to intervene in that bloody scene and engage in a meaningless fight.
After all, the railroad trusts are destined to be torn to pieces by a teddy bear in less than five years.
Theodore Roosevelt.
This giant, who will wake up the sleeping United States and launch a full-fledged expansionist policy, projecting American power around the world, is a person who hates the monopoly of Trust.
As soon as he became president, he shattered JP Morgan’s railroad trust and Northern Security with the mace of the anti-monopoly law.
That’s why there’s no need to get involved in that bloody pointless fight. I didn’t want to receive the ‘iron’ in ‘railroad’ as a reward.
Because I didn’t want to be dismembered by the terrifying teddy bear.
There is something else that should be my reward.
‘by the way……’
I crept up from my seat and walked over to Wells Fargo President Tevis.
Unlike those who fight over the interests of transcontinental and transcontinental railroads, Wells Fargo seemed relaxed because it had Class 2 railroads.
“Oh, isn’t this a Detroit move?”
Moongrak-
When President Tevis saw me approaching, he opened his eyes wide and quickly put down his cup of coffee.
“Yes. This is the Detroit Morgan of hedge funds.”
“Sit down. Anyway, I had something to talk about with you.”
Chairman Tevis hurriedly prepared a seat for me, and quickly sent secretaries to bring the documents.
“I think the reason you came to me is, in all likelihood, about compensation, but what about it?”
“It is correct.”
“Are there any other rewards you want? I will do my best to accommodate your needs.”
President Tevis asked with his eyes twinkling. As a financier who benefited from the western frontier, he was quite straightforward.
It’s a bit burdensome to see a middle-aged man with a mustache looking straight like this…
‘Honestly, it’s not strange if you spread a crush on me like this. Because they handed over the western hegemony.’
To those outside the railroad industry, you might think it’s a fuss over class 2 railroads.
However, as I passed on the Western Class 2 railroads, they can boast similar stature to the Pennsylvania Railroad, which has emerged as a loser in the Northeast of the United States.
However, the reason why the giants at this conference do not target Tevis’s western railroads is simple. Because the West is completely his garden, and the Pennsylvania Railroad and BNSF’s Congo alone couldn’t cover it.
At the end of the 19th century, the railroad industry in the United States was too big.
‘It’s like looking at Samsung Electronics in Korea.’
But I soon brushed off the clutter.
Now, the compensation I would get was more important than the circumstances of the railroad companies.
“Chairman Tevis, have you ever heard of the Holt Manufacturing Company? I heard that they are a pretty good tractor company in California, USA.”
Holt Manufacturing Company.
tractor company.
“Holt? Oh, you mean a company where that genius engineer is the president? He’s quite famous in California. But why?”
Wells Fargo chairman Tevis was bewildered by my sudden question. Apparently, he expected that negotiations about the railroad company and its interests would come and go.
“Yes, maybe that tractor company. Isn’t there a rumor that the president is doing research on caterpillars recently?”
“Infinite orbit? oh Are you talking about a crawler? I’ve heard of it. I heard you were working at the Holt Manufacturing Company.”
Holt and caterpillars.
At this point, most of the milducks are names that will jump out of their chairs. They were like the grandfather of modern tanks.
Most of the technologies copied by the European powers in World War I to develop tanks were those of the Holt Manufacturing Company.
‘Especially caterpillars.’
The caterpillar, which was developed and patented by Holt Manufacturing Company in 1904, achieved commercial success for the first time and a powerful stretch in the European agricultural machinery market.
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Of course, 100 or so caterpillar patents have been pouring out in Europe before, but Holt made the first commercialized technology.
And in World War I, these technologies were transferred to tank-related technologies.
‘Now that caterpillars have not been developed in earnest, it is said that this is a golden opportunity to eat Holt Manufacturing Company.’
I wanted to develop a tank.
“I heard that Holt Manufactures tractors and agricultural machinery in their factories, but I’m guessing they probably got a lot of loans. How is it?”
“Uh, uh. As you said, I’m pretty sure Holt is getting loans from California banks. He also came to me.”
A total of $65,000 was invested by the Holt brothers at the beginning of the business of establishing the Holt Manufacturing Company.
It is a reasonable amount to set up a factory at the beginning of the business, but it is also a reasonable amount when entering into a mass production system in earnest.
In other words, you are in a position where you have no choice but to get a loan.
“Is there any loan they got from Wells Fargo Bank? Bonds and stocks are good too.”
“If it’s their loans or bonds, Wells Fargo Bank has a lot of money. I don’t know about stocks. However……”
Tevis called his secretary and ordered him to bring information about the Holt Manufacturing Company.
“It’s different with other California banks. Unlike them, we, Wells Fargo, are only interested in railroads, but tractor companies are subtle. I think they are probably much more involved than we are.”
“Then could you scrape up bonds, loans and stocks for Holt Manufacturing from other California banks?”
When I asked with a twinkle in my eyes, Chairman Tevis frowned and began to flip through the papers the secretary had brought.
After Chairman Tevis let out a brief sigh, I was nervous, wondering if it would be difficult.
“Detroit…you.”
gulp.
I swallowed nervously as President Tevis hardened his face and turned on the lights in his eyes. Chairman Tevis slammed the handle of the chair with a look of dissatisfaction.
“Is that the end?”
“Yes?”
“You gave me most of the Western Railroad. I put the supremacy in my hands. With this, Wells Fargo was able to emerge as the best bank in the American West.”
Chairman Tevis put his face in front of my nose with a serious face.
“Absolute principles of trading. How to always balance the balance. Neither side is light. Not even if one side is heavy.”
“……!”
“But the Holt manufacturing company that you offered me as a reward is far from being placed on the balance scale.”
President Tevis tapped my nose with a thick finger.
“It’s not right. The balance of balance seriously.”
Whoo-
President Tevis took a deep breath.
“Whether it’s Holt or Nabal, I’ll scour the banks in California and rake in as much as I can. As long as the supremacy of the West is in my hands, it’s a breeze. Moreover, as I take over the shares, bonds and loans of the Holt Manufacturing Company, the debt I owe you will be deducted.”
haha.
I smiled inwardly at President Tevis’ lamentable promise. I knew I couldn’t do it and my heart was about to fall.
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Once the most important Holt manufacturers were obtained.
“Then let’s put the rest in debt for later.”
“Damn it. I knew this was going to happen.”
I shook hands with President Tevis, who wiped his face away, and then moved.
This time he turned to John Pierpont, Morgan Chairman.
Perhaps, in order to obtain the greatest reward among the rewards I will receive this time.
Cold sweat filled my hands.
***
“……Yes?”
I rubbed my ear canal.
As I was confused, President Morgan laughed haphazardly and tapped my shoulder.
“I said I would give it to you. My entire stake in the International Harvest Company you asked for.”
I was dumbfounded.
If it’s a trust, what’s the point of hanging people?
“…The International Harvest Company is, as far as I know, an exclusive trust in the agricultural machinery industry.”
“okay. Right. But compared to the 49.9% voting rights on the Transcontinental Railroad BNSF and the Pennsylvania Railroad (PRR) that you gave me, it’s cheap.”
Chairman Morgan accepted my proposal without any hesitation. Rather, I was taken aback by the sight of him inviting his secretaries to sign a contract right away.
When I pushed, it was said that he was a bulldozer-like human, and that’s exactly what he looked like.
‘It went well…’
By acquiring Holt Manufacturing Company, he acquired the technology that became the foundation of caterpillars and tanks. And by obtaining the International Harvest Company, the foundation for mass production was laid.
‘I don’t feel like I got it too easily, but…’
isn’t it?
It was not easy to get it when I think back on the operations I had designed and implemented to work with the railroad companies.
No, you suddenly want to rip more?
“Hmm.”
President Morgan coughed as if he had an ominous premonition. You know that I have no conscience if I end up at this level.
My eyebrows twitched.
“one thing. There are more demands.”
“…I’m listening.”
creak-
Chairman Morgan, as if he was ready, folded his arms and leaned back on the chair.
I looked at President Morgan with gleaming eyes.
“We are asking for the position of Vice President of the Federal Steel Company.”
“……!!!”
Federal Steel Company.
A steel troll that will eat up two-thirds of the US steel industry in the future, a part of the 10 giant steel companies that will make up US Steel.
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One of 10 steel companies to merge with Carnegie Steel.
That Carnegie is right.
19th century American steel magnate Andrew Carnegie.
***
same time.
The Wall Street Journal (WSJ) headquarters.
“…100 million dollars?”
A conference room at the headquarters of the Wall Street Journal (WSJ).
Veyron was summoned to a special meeting of the secretary’s office and was in the midst of settling Black Wednesday’s profits, but when the receipts were pulled out, he lost his mind.
“How the hell am I going to get 100 million dollars out of 50 million dollars on the New York Stock Exchange, which is only down 15%?”
twice as much
This is a whopping 200% of the New York Stock Exchange, which has only fallen 15%.
Charles Dow, who watched Veyron in shock, smiled faintly.
“It can be said that it is thanks to the railroad conglomerates who brought in 200 million dollars in cash.”
“Yes?”
“They’ve been pouring a whopping $200 million into the New York Stock Exchange, which has helped scrape down an extra layer of undebt short selling.”
“…..!!!”
“In a nutshell, they swept the $200 million they poured into the New York Stock Exchange into the pockets of hedge funds.”
crazy
Veyron couldn’t get out of the shock.
When I was attending Wharton School, I only heard that short selling without borrowings was good, but I never imagined that it would be this disruptive.
‘100 million dollars…’
Isn’t that the same amount of money that railroad companies have had for 40 years of accounting fraud? We devoured the monuments they had built in just one day.
‘I’m not joking, I really want to bow down to Master Franklin Roosevelt.’
If he had not given insider information to the hedge fund beforehand that the railroad tycoons had $200 million in cash, the result would have been the hedge fund’s bankruptcy.
As Veyron shivered, Charles Dow smiled hahaha.
“It can be said that it was an operation that used up every single part. At $100 million, it might not be as good as the big Wall Street banks, but it might be worth it to the big local banks.”
“…after only 4 months.”
In just four months, a $10 million hedge fund has grown tenfold to $100 million.
‘Did John Pierpont, Morgan Chairman, even do this in his prime?’ The epic of a hero that is so great that I want to.
‘Wall Street Hero…’
It is the nickname given to hedge funds by investors on the New York Stock Exchange recently. Investors in the New York Stock Exchange made up for their losses thanks to the hedge fund’s short selling funds.
However, considering that Black Wednesday was designed and launched by a hedge fund, there was no ironic nickname.
‘To be honest, Dr. Jekyll and Hydro-kun.’
Well, when the Wall Street Journal headquarters also distributes articles, they always attach the Wall Street hero as a hedge fund modifier.
Because there was no other name that was as stimulating as this when I was pouring out articles on Wall Street.
“However.”
widely
Charles Dow, with a darkened expression on his face, placed a pile of papers piled up on the side of the conference room desk.
All of them were two letters from the New York Press Forum (NYPF).
“It is also time to liquidate the hero’s karma.”
The hedge fund became the Siegfried of Wall Street and beat the railroad tycoons with the short selling Valmont.
Like the evil dragon Fafnir, the railroad tycoons exposed their teeth for the final struggle.
Pinkerton National Detective Agency.
The railroad company’s waters began to wriggle under the shadows.
＜ Black Wednesday. (4) > end