Beiyang 1917
Chapter 38 Manhattan Commercial Bank
"Jack, I am very grateful for your care and love for me. At this moment, you are like a kind elder rather than a financial tyrant who can make Wall Street feel bad. Please believe me, even if I return to China in the future, it will be for the progress of all mankind. and construction, the cooperation between us will not end!"
Wang Geng looked at the head of Morgan in front of him without blinking.
But I was thinking in my heart, Nima, I didn't expect the financial tsar to have a warm side, but my roots are in China. When I control a country, you will know that your Morgan family is just a shallow for me at this moment.
"Young man, if you stay in the United States to develop, I believe your future is limitless, but when you return to China, your foundation in all aspects is too weak, whether it is your Li Hongzhang, or the later Yuan Shikai, you will not be able to Take China out of the quagmire, even though you are an excellent student at West Point now, you will at most be a brigade commander in a few years after returning to China, and you have no say in national affairs at all!"
To say that Jack Morgan is quite discerning, if Wang Geng returns to China only to be a soldier, it will be a great achievement to become a division commander in a few years!
After all, even if General Pershing, the soaring role model among American soldiers, was promoted directly from captain to brigadier general, it was only 20 years after graduation from West Point. He was promoted to brigadier general in 1906 and was promoted to major general not long ago. It took ten years of hard work!
Even if Wang Geng is an excellent student at West Point, if he returns to China where warlords are everywhere, it is still unknown when he will be able to become a major general and division commander!
"Jack, there is a saying in China that everything depends on man's effort. Originally, you and I don't need to talk about things in such a distant future, but I hope that I will always be a good friend of the American people, and I sincerely hope that the friendship between you and me will last forever. The sky is long, the United States has its historical mission to the world!"
Wang Geng looked at the head of Morgan with firm eyes, and said word by word,
"Just like Jack, you and your family have an unshirkable responsibility to the American people. Since I am Chinese, I don't want to shirk my historical mission. Although the future is unpredictable, since I came to this world, my life You have to fight hard once, not to mention, if things are really impossible, at least I can go back to the United States and come to Wall Street to work for you, right?"
"Wang, your words reminded old Jack of his youth. I was dispatched to London by my father almost 20 years ago. For a while, I was wavering between choosing the United Kingdom or the United States as my first priority, Minnie. At that time, he said that he would marry an American daughter-in-law and an English daughter-in-law in the future!" Old Jack was clearly touched by Wang Geng's statement, which had been stored for a long time.
"Jack, I don't deny that I have great ambitions and strong self-confidence, but I am not a reckless person. In fact, you can also see that I am moving forward slowly and firmly step by step. Please believe me, I will Cherish the friendship and cooperation between you and me, I believe that even if I go back to China, it will not be the end of our cooperation, but another brand new beginning!"
Wang Geng talked eloquently and calmly, but he thought in his heart, so what if I just act as your Morgan consortium's agent in China, anyway, what I want to do is to borrow chickens to lay eggs and use American capital to build in China. When the railway is built and the mine is repaired, can you move it back to the United States? !
"Okay, young man, please remember that you are the talent I am optimistic about. No matter what time, there is always a place reserved for you here at Old Jack! Missing you will be the regret of Old Jack's life! If you are sure that you will Returning to China, there is really not much time left, besides the Russian national debt, what is your next plan?"
Jack Morgan's voice was low, and his regret was palpable. Of course, he had already inquired about this Wang Geng who had stayed in the United States for seven years, and he didn't seem to have a girlfriend yet. Maybe Vivienne would be able to keep him by then?Little hope, but worth a try!Old Jack is quite confident in his daughter's appearance and charm!
"Of course the first step is to set up an investment bank, sign the partnership agreement between you and me, your funds will arrive in the account, and the investment bank will be established. I think it's better to call Manhattan Industrial Bank first?" Wang Geng breathed a sigh of relief. On the issue of returning to China, I got entangled with the old guy in front of me!
"Okay, let's call it the Manhattan Industrial Bank. What's the next step? Is it time to reorganize Anderson's Pfizer in the name of the Manhattan Industrial Bank?" Jack Morgan said while writing and drawing on a sticky note on the desk.
"Yes, the first step is to establish the Manhattan Industrial Bank and complete the investment cooperation agreement between you and me. The second step is to reorganize Pfizer in the identity of the Manhattan Industrial Bank. In addition to buying shares at a discount with the new citric acid technology, it is also necessary to inject 200 Ten thousand working capital!"
Wang Geng counted the accounts with his fingers. He is not like old Jack who likes to carry a pad to write down at any time. This guy's mind is amazing now. Unless it is something that needs to be written to others, he intends to write it down in his own mind. .
"Are you going to put $200 million into Pfizer from the Bank of Manhattan's capital?" Jack asked, looking up.
"I originally thought so, but now I'm afraid that the funds on the front of the national debt will not be enough, so I plan to start a business of underwriting corporate bonds!" Wang Geng said with a smile.
"Huh? Are you planning to let the restructured Pfizer issue corporate bonds? Then use your own Manhattan Industrial Bank to underwrite the bonds?" Obviously Jack Morgan, an old fox, is not simple at all, and he has already seen Wang Geng's plan.
"That's it. When we sound the alarm about Russian government bonds on Wall Street, the funds that panicked and escaped from Russian bonds will inevitably find new replenishment targets. At that time, in addition to government bonds, the market for corporate bonds of high-quality companies will also A rising tide lifts all boats, and now international capital dare not invest in war-torn continental European countries!"
"Therefore, American citric acid giant companies like Pfizer, which are leaders in the industry, have always been the pursuit of capital, and Pfizer's restructuring and the invention of new citric acid technology will become huge good news for the citric acid market, so that people will swarm And then chasing Pfizer's bonds!"
When Wang Geng talked about his excitement, he couldn't help standing up and turning around in front of Old Jack's desk.
This guy must have made this wishful thinking early in the morning, so he's only saying it now!It's nothing more than trying to extort 2200 million US dollars from me first!There was a wry smile on the head of Morgan's face!
Nima, Wang Geng looked at the expression on Old Jack's face, of course he knew what the old man was thinking, this guy smiled and said,
"I didn't keep talking about it because I want to sell the invention to you for a high price. It's just that I just thought about it. Don't be as knowledgeable as me. To be honest, the more money you inject into Manhattan Industrial Bank, The greater the responsibility on me, of course, the more...deep and solid our cooperation will be!"
"Glib talk! Well, I don't care about this with you, just like your cooperation with Pfizer is aimed at old Anderson and his team, and old Jack's cooperation with you is aimed at you, Wang Geng. , you go on!" Old Jack waved his hand generously.
Tch, if I don't get $1120 from Edison first, can Anderson easily trust my ability?If I hadn't reached a cooperation agreement with Pfizer for 2200 million US dollars, your old Jack would have spent [-] million US dollars to inject Manhattan Bank so easily?
Of course, your Morgan family’s return from my cooperation is much greater than the investment of 2200 million U.S. dollars. Just the Russian bond matter I told you, how much loss can be recovered for you and the Morgan consortium? How many 2200 million did you earn back by selling high and buying low?
While slandering, Wang Geng continued,
"After the reorganization of Pfizer, the total nominal assets will reach 1720 million US dollars, of which my invention discount is 1120 million US dollars, so I think that the new Pfizer can at least issue corporate bonds equal to the total assets, even if it issues bonds of 1000 million US dollars, Then the asset-liability ratio is only 58%!"
"If the operation is done properly, and the good news is matched with the roadshow of the company's bond issuance through the press, it will not be a problem to issue a corporate bond of 1500 million US dollars. You must know that the net profit of New Pfizer in the next year will reach more than 1000 million. Dollar!"
Wang Geng's words were full of confidence.
"If all goes well, the annual output of the new Pfizer will reach 2200 million pounds in the first year, and the net profit will be more than 1000 million US dollars. Then, at the beginning of the second year, Pfizer's total assets will reach 2720 million US dollars. Ten thousand corporate bonds, the new Pfizer's asset-liability ratio is only 1500%"
What Jack Morgan saw from the young man in front of him was not his youthful appearance, but his own father's youthful appearance.
Who else but me, full of confidence, and exhaustive strategies are the true portrayal of the young man in front of me!
Am I really old?The head of the Morgan family, Jack Morgan, who is only 50 years old this year, can't help but think so!
Wang Geng looked at the head of Morgan in front of him without blinking.
But I was thinking in my heart, Nima, I didn't expect the financial tsar to have a warm side, but my roots are in China. When I control a country, you will know that your Morgan family is just a shallow for me at this moment.
"Young man, if you stay in the United States to develop, I believe your future is limitless, but when you return to China, your foundation in all aspects is too weak, whether it is your Li Hongzhang, or the later Yuan Shikai, you will not be able to Take China out of the quagmire, even though you are an excellent student at West Point now, you will at most be a brigade commander in a few years after returning to China, and you have no say in national affairs at all!"
To say that Jack Morgan is quite discerning, if Wang Geng returns to China only to be a soldier, it will be a great achievement to become a division commander in a few years!
After all, even if General Pershing, the soaring role model among American soldiers, was promoted directly from captain to brigadier general, it was only 20 years after graduation from West Point. He was promoted to brigadier general in 1906 and was promoted to major general not long ago. It took ten years of hard work!
Even if Wang Geng is an excellent student at West Point, if he returns to China where warlords are everywhere, it is still unknown when he will be able to become a major general and division commander!
"Jack, there is a saying in China that everything depends on man's effort. Originally, you and I don't need to talk about things in such a distant future, but I hope that I will always be a good friend of the American people, and I sincerely hope that the friendship between you and me will last forever. The sky is long, the United States has its historical mission to the world!"
Wang Geng looked at the head of Morgan with firm eyes, and said word by word,
"Just like Jack, you and your family have an unshirkable responsibility to the American people. Since I am Chinese, I don't want to shirk my historical mission. Although the future is unpredictable, since I came to this world, my life You have to fight hard once, not to mention, if things are really impossible, at least I can go back to the United States and come to Wall Street to work for you, right?"
"Wang, your words reminded old Jack of his youth. I was dispatched to London by my father almost 20 years ago. For a while, I was wavering between choosing the United Kingdom or the United States as my first priority, Minnie. At that time, he said that he would marry an American daughter-in-law and an English daughter-in-law in the future!" Old Jack was clearly touched by Wang Geng's statement, which had been stored for a long time.
"Jack, I don't deny that I have great ambitions and strong self-confidence, but I am not a reckless person. In fact, you can also see that I am moving forward slowly and firmly step by step. Please believe me, I will Cherish the friendship and cooperation between you and me, I believe that even if I go back to China, it will not be the end of our cooperation, but another brand new beginning!"
Wang Geng talked eloquently and calmly, but he thought in his heart, so what if I just act as your Morgan consortium's agent in China, anyway, what I want to do is to borrow chickens to lay eggs and use American capital to build in China. When the railway is built and the mine is repaired, can you move it back to the United States? !
"Okay, young man, please remember that you are the talent I am optimistic about. No matter what time, there is always a place reserved for you here at Old Jack! Missing you will be the regret of Old Jack's life! If you are sure that you will Returning to China, there is really not much time left, besides the Russian national debt, what is your next plan?"
Jack Morgan's voice was low, and his regret was palpable. Of course, he had already inquired about this Wang Geng who had stayed in the United States for seven years, and he didn't seem to have a girlfriend yet. Maybe Vivienne would be able to keep him by then?Little hope, but worth a try!Old Jack is quite confident in his daughter's appearance and charm!
"Of course the first step is to set up an investment bank, sign the partnership agreement between you and me, your funds will arrive in the account, and the investment bank will be established. I think it's better to call Manhattan Industrial Bank first?" Wang Geng breathed a sigh of relief. On the issue of returning to China, I got entangled with the old guy in front of me!
"Okay, let's call it the Manhattan Industrial Bank. What's the next step? Is it time to reorganize Anderson's Pfizer in the name of the Manhattan Industrial Bank?" Jack Morgan said while writing and drawing on a sticky note on the desk.
"Yes, the first step is to establish the Manhattan Industrial Bank and complete the investment cooperation agreement between you and me. The second step is to reorganize Pfizer in the identity of the Manhattan Industrial Bank. In addition to buying shares at a discount with the new citric acid technology, it is also necessary to inject 200 Ten thousand working capital!"
Wang Geng counted the accounts with his fingers. He is not like old Jack who likes to carry a pad to write down at any time. This guy's mind is amazing now. Unless it is something that needs to be written to others, he intends to write it down in his own mind. .
"Are you going to put $200 million into Pfizer from the Bank of Manhattan's capital?" Jack asked, looking up.
"I originally thought so, but now I'm afraid that the funds on the front of the national debt will not be enough, so I plan to start a business of underwriting corporate bonds!" Wang Geng said with a smile.
"Huh? Are you planning to let the restructured Pfizer issue corporate bonds? Then use your own Manhattan Industrial Bank to underwrite the bonds?" Obviously Jack Morgan, an old fox, is not simple at all, and he has already seen Wang Geng's plan.
"That's it. When we sound the alarm about Russian government bonds on Wall Street, the funds that panicked and escaped from Russian bonds will inevitably find new replenishment targets. At that time, in addition to government bonds, the market for corporate bonds of high-quality companies will also A rising tide lifts all boats, and now international capital dare not invest in war-torn continental European countries!"
"Therefore, American citric acid giant companies like Pfizer, which are leaders in the industry, have always been the pursuit of capital, and Pfizer's restructuring and the invention of new citric acid technology will become huge good news for the citric acid market, so that people will swarm And then chasing Pfizer's bonds!"
When Wang Geng talked about his excitement, he couldn't help standing up and turning around in front of Old Jack's desk.
This guy must have made this wishful thinking early in the morning, so he's only saying it now!It's nothing more than trying to extort 2200 million US dollars from me first!There was a wry smile on the head of Morgan's face!
Nima, Wang Geng looked at the expression on Old Jack's face, of course he knew what the old man was thinking, this guy smiled and said,
"I didn't keep talking about it because I want to sell the invention to you for a high price. It's just that I just thought about it. Don't be as knowledgeable as me. To be honest, the more money you inject into Manhattan Industrial Bank, The greater the responsibility on me, of course, the more...deep and solid our cooperation will be!"
"Glib talk! Well, I don't care about this with you, just like your cooperation with Pfizer is aimed at old Anderson and his team, and old Jack's cooperation with you is aimed at you, Wang Geng. , you go on!" Old Jack waved his hand generously.
Tch, if I don't get $1120 from Edison first, can Anderson easily trust my ability?If I hadn't reached a cooperation agreement with Pfizer for 2200 million US dollars, your old Jack would have spent [-] million US dollars to inject Manhattan Bank so easily?
Of course, your Morgan family’s return from my cooperation is much greater than the investment of 2200 million U.S. dollars. Just the Russian bond matter I told you, how much loss can be recovered for you and the Morgan consortium? How many 2200 million did you earn back by selling high and buying low?
While slandering, Wang Geng continued,
"After the reorganization of Pfizer, the total nominal assets will reach 1720 million US dollars, of which my invention discount is 1120 million US dollars, so I think that the new Pfizer can at least issue corporate bonds equal to the total assets, even if it issues bonds of 1000 million US dollars, Then the asset-liability ratio is only 58%!"
"If the operation is done properly, and the good news is matched with the roadshow of the company's bond issuance through the press, it will not be a problem to issue a corporate bond of 1500 million US dollars. You must know that the net profit of New Pfizer in the next year will reach more than 1000 million. Dollar!"
Wang Geng's words were full of confidence.
"If all goes well, the annual output of the new Pfizer will reach 2200 million pounds in the first year, and the net profit will be more than 1000 million US dollars. Then, at the beginning of the second year, Pfizer's total assets will reach 2720 million US dollars. Ten thousand corporate bonds, the new Pfizer's asset-liability ratio is only 1500%"
What Jack Morgan saw from the young man in front of him was not his youthful appearance, but his own father's youthful appearance.
Who else but me, full of confidence, and exhaustive strategies are the true portrayal of the young man in front of me!
Am I really old?The head of the Morgan family, Jack Morgan, who is only 50 years old this year, can't help but think so!
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