1855 United States Tycoon

Chapter 113 News from the Pacific Railway

It is different from Lincoln, who has been overwhelmed by heavy economic pressure, because of the cooperation of the lovely General McClellan, whether it is McDonald’s Infantry Arms Company, McDonald’s Chemical and Pharmaceutical Company, or McDonald’s. Food companies are constantly ordering. Now the Macdonald Infantry Weapons Company has also fully implemented the assembly line production system. The number of factories has doubled compared to before the war began. Because of the use of assembly lines, the production capacity has increased five or six times. But even so, the factory is already so busy that the time for machine maintenance has to be squeezed hard.

As for the MacDonald Chemical and Pharmaceutical Company, well, the order of heroin has increased sharply recently because the military has discovered that it can relieve the pressure on soldiers. The Spam of MacDonald Foods is even more popular throughout the army. Not only the army, but also the navy, it is also a Spam of one water. This thing is easy to carry, easy to store, and tastes better than that damn salty. Dry beef is strong. It’s definitely a legend to talk about America’s corned beef. In order to preserve it for a long time, there is a lot of salt in it, and also for the convenience of preservation, it becomes dry and hard after being exposed to the sun and fired. It is said that a boring warehouse keeper in the navy used this thing to pretend to be mahogany to practice carving. They were all carved from dried bacon. However, the shelf life of this thing is indeed long. In the original history, soldiers in the Civil War sometimes ate meat from the Independence War, and in World War II, some guys also ate salt from the Civil War. What about meat.

In order to solve the financial problem, President Lincoln decided to sell the national debt on a large scale after consulting with many of his staff. The South has been doing this for a long time. Slave owners and the people in the South have actively purchased national debt, which has provided tremendous help to the fighting in the South.

Therefore, President Lincoln also hopes to relieve the immediate financial pressure by selling treasury bonds. Of course, for national debt to sell well, the country’s performance must also be good enough. Otherwise, no matter how high you set the interest rate, few people will dare to buy it. For example, in the time and space before Scrooge’s crossing, the interest rates of national debts in Iceland or Greece were higher than those of United States national debt, and not only a little bit higher. But how many buyers are willing to buy their treasury bonds indiscriminately? Dare to buy? Let you know what a “sovereign debt crisis” is right away.

United States under President Lincoln, at least until now, the performance is really not good. On the sea, although we fought some victories, they could not contain the smuggling ships in the south. On land, the crucial eastern front was beaten like a dog by the southern army. Although there were some victories on the western front, that Who really cares about the victory of a place?

So in this way, the issuance of Lincoln’s treasury bonds is really problematic. The North is not the South. The slave owners in the South know that if the war is defeated, the North will deprive them of nothing. In order to keep what they have, even if the interest rate offered by Davis is low, they will buy it. In the north, the capitalists don’t have to worry that the southerners will kill them and rob them. So if the interest rate he gave was low, Lincoln would not think that there would be a lot of “patriots” buying these things for the sake of the motherland’s bankruptcy; and if the interest rate was high, it would roll up profitably. It’s too much for him.Fortunately, there are true patriots who are willing to share the worries for the motherland. At the end of 1961, when the treasury was about to run out, President Lincoln called Scrooge, Morgan, and other powerful bankers to discuss with them the issue of US0 million in national debt.

In the original history, this move by President Lincoln only began in the late stage of 1962. However, now, because the intensity of the confrontation between the two sides has been significantly ascending compared to the original history, the speed of spending money on the federal side has lost a lot. As a result, by the end of 1961, Lincoln had to make such a large loan.

At that time, the center of world finance was still in London, and Wall Street was still a small thing compared to London. Therefore, generally speaking, the issuance of national debt, especially the issuance of large numbers of national debt, is generally issued in London. However, considering the attitude of the British in this war, putting such an important national debt to be issued in London, it is not said whether the British are worthy of cooperation, even if the British are willing to cooperate, Lincoln is not relieved to regard such an important issue. The matter is left to the British. If the British do not speak credit, they play out some “irresistible accidental factor”, then Lincoln really can’t cry.

But can so many Treasury bonds be sold on Wall Street alone? The vast majority of people have no idea.

“My bank can help the government sell part of it.” Scrooge spoke first. As soon as he finished speaking, Scrooge discovered that many bankers looked at him a little wrong. Scrooge has gone too far lately. He has almost all the munitions, medicines, and rations that are most profitable in the war. Well, in terms of weapons, in addition to cannons and sabers, the rest are even soldiers. Almost all the shovels used for digging were rounded up by Scrooge’s company. It’s even more so in terms of medicine… Fortunately, the bandages are not owned by MacDonald. This guy has already earned so much, he will jump out whenever he has a chance? Does he want to change the country name of United States of America to McDonald-United States of America? This also prevents others from living.

“But my company is currently burdened too much, and the University of Cleveland has also spent a lot of money. And I have no previous experience in selling treasury bonds. So the number I can sell on behalf of is very limited. But in order to show support for the country, I can agree that the government uses part of the national debt to pay part of the purchase price of McDonald’s Infantry Arms Company, McDonald’s Chemical and Pharmaceutical Company, and McDonald’s Food Company.” Scrooge continued.

Scrooge’s statement made many bankers breathe a sigh of relief. At the same time, they immediately understood what Scrooge meant. Scrooge allows the country to use part of the national debt to pay for the goods. This is actually a conditional loan. The condition is that the money Scrooge lent to the United States government can only be used by the United States government. Order from Scrooge. This constitutes a loop: Scrooge loaned the money earned from the war to the Lincoln government, and the Lincoln government used it to continue to place orders with Scrooge’s company, and then the money brought more money back. He quickly returned to Scrooge’s hands, and then Scrooge lent it to Lincoln again…Finally, the government would rely more and more on Scrooge’s loans, at least during the war, Scrooge would Firmly control the country’s financial rights-as long as he suddenly stops lending the money in his hand, the Lincoln government, which has broken the chain of funds, may fall immediately. In this situation, it will be very difficult for others to compete in United States and Scrooge’s companies. In another time and space, the Japanese yen loans provided to China in those days actually had a similar effect. In the 1980s and 1990s, relying on Japanese Yen loans, Japanese industrial products gained an overwhelming advantage over European and American products in the China market. Until the 21st century, the status of Japanese goods in China was still largely based on the legacy of Japanese yen loans.

However, it was difficult for the Lincoln administration to reject Scrooge’s condition. Because this means that, at least in the short term, they can buy more vital materials with relatively little money, which can make the capital chain run more smoothly. And the consequences are not unbearable. Well, after the war is won, the war dividends will certainly be worth the arrears. As for allowing the government to collapse at any time, what good would it do for Scrooge?

“Mr. MacDonald, thank you for your support. You are such an amazing patriot.” Lincoln said. Although Scrooge’s calculations, Lincoln is not invisible, but at this time, what better choice is there?

Scrooge’s statement also made the bankers see one thing, that is, Scrooge is quite optimistic about the credit and yield of United States national debt. Mr. Scrooge McDonald’s vision of making money has always been admirable. And this statement also means that once the national debt market plummets, the United States government can take it back and use it to order weapons at its face value. This also means that the value of these national debts is quite guaranteed. So their interest in selling these national debts on a commission basis suddenly became ascending a lot.

“I don’t know how many Treasury bonds Mr. MacDonald intends to sell?” Morgan spoke first. Now, because of his son’s talents, Junius has almost entrusted his son with all important matters.

“I think I can sell about 50 million US dollars of national debt.” Scrooge replied.

“So, um, there are three hundred and fifty million yuan left.” Morgan said, “I don’t want to contract all of it. If you have business, you can do it. I will only be responsible for the sale of 300 million US dollars of national debt.”

Coming out of the White House, Scrooge was about to board his own carriage, when suddenly a shout came from behind: “Mr. MacDonald, please wait.”

Scrooge turned his head and saw Morgan walking towards him.

“Mr. Morgan, is there anything?” Scrooge asked.

“There is something, a personal matter and some business matter.” Morgan came over and said, “Go to your carriage and talk about it.”

The two got into the carriage together and closed the door.

“Let’s talk about personal matters first.” Morgan said, “My wife is not in good health. I need some good doctors. Your hospital is almost the best in United States. I want to borrow some experts from you to help her. have a look.”

“It’s no problem.” Scrooge said, “what are the business matters?”

“Mr. MacDonald, have you heard of the Pacific Railroad project?” Morgan said.