Wall Street of the third generation chaebol

＜ Black Wednesday. (3) >

February 16, 1898.

Waldorf-Astoria.

secret meeting.

Morgan Chairman John Pierpont looked around the crowd, fiddling with papers.

“It has been 50 years since the Civil War ended and the railroad industry conquered the United States. The railroad industry has wielded unparalleled power through the plating era.”

All the railroad giants were present at this conference.

Harriman Chairman of Union Pacific Railroad, James Hill Director of Great Northern Railroad, Vanderbilt Chairperson of New York Central and Erie Railroad, etc.

Except for the railroad directors of JP Morgan Bank, all of them shed their voices and focused their minds on Chairman Morgan’s words.

“And just. The moment of glory came to an end as the New York stock market crashed again and again. That’s why I didn’t stop earlier. Let’s put down that damn greed and form the Federal Railroad Association and implement the standard price system.”

Chicken game.

In the past, railway companies have been desperate to kill each other. Because I had to kill the opponent to maximize my gain.

It reminds me of ‘Kill each other from now on’, but in reality, it was worse, more sinister, and more brutal than that.

As a result, it looks like they have to dig a hole side by side and go inside the coffin.

‘It’s self-employed.’

Whirick-

I rolled the pen and listened to President Morgan. I planned and designed this project, but it’s just an advisor’s role. The main character of today’s conference was Chairman Morgan.

I just take what I want and leave. So what I have to do today is just to face the giants here.

All you have to do is close the black curtain and look at it from behind.

“So I wanted to orchestrate today’s meeting, but there is another person who designed the New York Stock Exchange crash today.”

“Huh?”

‘yes?’

widely-

I stopped the pen I was rolling at President Morgan’s remarks that suddenly drifted 180 degrees.

President Morgan pointed at me with his own hands and raised the corners of his mouth.

“Detroit Morgan. He is my second son.”

At the introduction of Chairman Morgan, the eyes of the left focused on me.

– Detroit Morgan?

– That’s the first I’ve heard of it. Did President Morgan have a second child?

– The architect who broke the New York Stock Exchange, what the hell is going on with the blood of the Morgan family?

– You don’t see Jack Morgan more than that.

‘……this.’

I slowly put down the fountain pen in a cold sweat.

At one point, the eyes of giants with strong builds in black suits were focused on me and exploded. It’s as intense as if you could chew even one inch of it and eat it whole.

And an eerie silence descended.

“…..”

Drooling-

In the quiet meeting room, only the sound of my chair pulling sounded. I secretly swallowed one gulp.

“……The Detroit, who was introduced by the chairman, is also a director of the Morgan Hedge Fund.”

I looked at President Morgan with a slightly resentful gaze, but President Morgan merely twitched the corners of his mouth.

But his eyes are as sharp as his eyes, so he seems to be trying to test me.

‘…I have no choice but to get along.’

It is true that this is a good opportunity.

You might think I’m on the same line with Jack Morgan this Black Wednesday, but most of the conference rooms here are already Jack Morgan’s connections.

There weren’t many people who could turn to me. It was a golden opportunity to attract those few giants to me.

President Morgan nailed it.

“The rough outline of today’s meeting will proceed according to a policy designed by the Detroit Morgan Hedge Fund Director.”

Whoo-

Chairman Morgan’s eyes were sharpened.

“But I want you not to forget that I am behind him. Then proceed.”

This novel was posted at https://readwn.com

Overwhelmed by Chairman Morgan’s spirit, the crowd focused their attention on me without making a click.

‘…a burdensome apology.’

I looked at President Morgan with resentful eyes, then glanced at the crowd.

After taking a quick look around, a rough map was drawn.

‘There are four major forces. The losers are the railroad executives, the victors are the presidents of large banks, and the judges are the treasury department professors who are working-level professors at prestigious universities.’

Beating the abacus in my head, I pulled out a new map of the railroad industry that I had designed in advance from my memory one by one.

The basic framework was already discussed with Chairman Morgan, so the burden was less.

“…Let’s start with the cake.”

At my words, the railroad industry executives tensed up and raised their upper body. It was time for their kingdom, which had been enjoying its glory, to be dismantled.

However, when the attention of the giants in the railroad industry was focused on me, a cold sweat ran down my hands.

‘What the hell is President Morgan’s intention?’

I swallowed the questions that sprung up in my mind and opened my eyes.

From the ground up, there is no answer if you are discouraged by the tough giants of the railway.

“There are five agendas in total. First, we will start with President George Gould, who is not here, with the Gould Transcontinental System.”

There is no George Gould.

For a moment, the railroad industry executives wondered why George Gould was not present at this important meeting place, but were astonished by my subsequent words.

I pressured them in a cool tone.

“President George Gould was arrested this morning by the Southern District of New York, who came in with an arrest warrant. I believe everyone knows what the New York Southern District Attorney is like.”

New York Southern District Attorney.

AKA the Grim Reaper of Wall Street.

This novel was posted at https://readwn.com

Optimized for the investigation of financial intelligence crimes, the best brains in the prosecution are filled with the best outputs of the prosecution.

What will happen if those who commit accounting fraud are arrested by the Southern District of New York?

I don’t know, but maybe something quite interesting will happen.

“But maybe I’m glad you weren’t there. The Gould Transcontinental System is considered to be difficult to maintain, so it will be decommissioned and dismantled.”

“…..!!!”

“As of today, the Gould Transcontinental System will disappear into history.”

Dismantling.

From the first agenda item, the death penalty imposed on the Gould Transcontinental System took a breath away from the crowd. The middle-level directors, who were leaning on their backs while looking at them, jumped to their feet.

Chairman Morgan opened his eyes wide, perhaps not knowing that he would even disband.

‘The first impression is strong. There has to be a shock like this so they will listen to me.’

“There are three reasons for bankruptcy and dissolution.”

“First, in the New York Stock Exchange, all cash-equivalent assets were exhausted to defend the stock price.”

“Second, the New York Southern District Prosecutor’s Office must pay a fine for fraudulent accounting.”

“Third, even the seizure of loans from large banks that will default on due to the above two reasons.”

“Raise your hand if you have any objections.”

No one raised a hand.

Indeed, one trust was ‘disbanded’. The executives who were trying to protest also shut their mouths like clams as President Morgan was holding a rice cake behind me. The savvy railroad company executives were afraid that sparks would ignite and began to distance themselves in a hurry.

President Morgan looked at me with curious eyes.

“There seems to be no objection.”

“thank you. So, the second item. Chairman Harriman of Union Pacific Railroad, are you there?”

“…here I am.”

The mustache middle-aged man with glasses waved his hand as if he had resigned. Perhaps he was expecting a mace to fall on him.

“I would like Chairman Harriman to permanently renounce his intention to take over the Chicago-Burlington-Quincy Railroad.”

“…you mean you know what that means to me, right?”

transcontinental railroad.

The Union Pacific Railroad, run by Chairman Harriman, was part of the first transcontinental railroad in the United States to build a rail network west of the Mississippi River.

In fact, it was not a real transcontinental railroad because it could not be connected with the eastern railroad.

The Chicago-Burlington-Quincy Railroad, which I was told to give up this time, was the first step in turning such a Union Pacific railroad into a transcontinental railroad.

“yes. I know exactly.”

“After… I will give up. No, I should be happy that it ended at this level.”

Harriman raised his hands and surrendered.

He seemed to be happy that Union Pacific Railroad was not dismantled. Without even knowing what was going to happen next.

Moved to the next item quickly.

“The third agenda item, the Great Northern Railroad, is the status quo. We have achieved fiscal soundness to the extent that the New York Stock Exchange fell only 3% this time.”

Whoo-

Railroad Director James Hill breathed a small sigh of relief.

“Now the 4th and 5th important agenda.”

I handed out the materials I had brought in advance to the secretarial staff to distribute. I focused all my attention on President Harriman.

“The fourth agenda… is the birth of a new transcontinental railroad.”

“……!!!”

“The railroad name is BNSF. We plan to take over the Chicago-Burlington (B)-Quincy Railroad, Northern (N)Pacific Railroad, Santa Fe (SF) Railroad, and some rail lines in the Northeast of the United States.”

BNSF.

It is a transcontinental railroad that exists even in the modern 21st century. It was thanks to Warren Buffett, the sage of Omaha, that BNSF was officially established in modern times.

I was about to bring the railroad monster into the late 19th century and wake it up beforehand.

‘…The thing I was working on before I died.’

jump

President Harriman, who had just taken the Chicago-Burlington-Quincy railroad right before his eyes, jumped up from his seat.

“Yeah, you bastard…how dare you!!!”

“President Harriman.”

I narrowed my eyes and looked at President Harriman.

Treasury Secretary Lyman Gage, who works with the Southern District Attorney’s Office, was shooting lasers from the eye next to Chairman Herriman.

“For reference, prosecutors at the Southern District of New York are using the adjacent room.”

“…….her!”

dump-

The railway, which should have been the first step for the transcontinental railway, completed the transcontinental railway of the hostile forces.

Harriman’s face, immersed in this irony, began to wrinkle bitterly.

“…Then we will proceed. The fifth agenda item is the birth of a new transcontinental railroad.”

“It’s a transcontinental railroad.”

President Morgan pulled his upper body forward with an interesting look.

“Yes, the Pennsylvania Railroad (PRR), the New York Central Railroad, the Erie Railroad, the Chesapeake-Ohio Railroad, the Delaware-Hudson Railroad, etc.

“Uhhh!!!!”

bang- bang-

transcontinental railroad. Chairman Morgan could not hide his excitement at the birth of an impeccable railroad trust and patted the desk in the conference room with his palm.

The birth of the rail trust.

It was also the birth of two trolls: the transcontinental railroad, the BNSF, and the transcontinental railroad, the Pennsylvania Railroad (PRR).

– Crazy…

– Then, will the Northeast rail network be controlled by one company? It’s a formidable monster.

– BNSF. If it is connected to the Northeast Railway, it is a perfect transcontinental railway.

At a historic moment in the railroad industry, the audience at the conference hall was overwhelmed by the overwhelming majesty of the railroad monster.

“Finally, because everyone in the railroad industry is gathered here, we propose a new railroad company standard.”

class 1.

Transcontinental railroad and transcontinental railroad.

class 2.

The entire state-level regional rail network.

class 3.

All of the railroad trusts that merged the remaining insolvent railroads into one.

“If you agree, please raise your hand. For reference, the Union Pacific Railroad is not a complete transcontinental railroad, but it will be incorporated into Class 1.”

Railroad executives instinctively realized this.

This rating standard will become an absolute status system in the railroad industry in the future, and that the power of the Federal Railroad Association to enforce this rating standard will become overwhelmingly strong in the future.

“…Thank you.”

“My little apologies for the Chicago-Burlington-Quincy Railroad.”

Class 1 will receive an implicit priority for U.S. freight rail transport going forward. The fact that it is class 1 alone guarantees absolute creditworthiness.

Chairman Harriman sighed in relief at my last concession.

“Now let’s distribute the cut cake.”

I wiped the cold sweat that ran down my forehead.

Now that was the point.

***

The winners of the conference hall were divided into three camps.

1. Wells Fargo, the loser of Western Railroad Finance.

2. Citibank, the main bank of the Rockefeller family.

3. JP Morgan Bank by John Pierpont Morgan.

If you properly distribute the previously cut cakes to these three camps, it is complete.

“Once the BNSF and the Great Northern Railway. These two transcontinental railroads will be taken from JP Morgan Bank. After all, both of them were originally owned by JP Morgan Bank.”

The people gathered at the conference had their taste buds in disappointment, but everyone agreed. From the beginning, it was the railways that exercised their voting rights at JP Morgan Bank.

“…how did it get to this point?”

Chairman Harriman’s face, the only one who had lost Chicago-Burlington-Quincy, was stained like a rotten tomato.

I looked at him carefully.

‘Well, even if it wasn’t for this, Chairman Harriman and JP Morgan would have banged their heads one day.’

1901 Northern Pacific stock buyback case.

This case is the case in which Chairman Harriman, who was trying to complete the transcontinental railroad, attempted a hostile takeover by attracting Jewish capital to take Northern Pacific from JP Morgan Bank.

At this time, the New York Stock Exchange drowned in the overwhelming cash mobilization power of the railroads, and the short sellers were squeezed short and almost went to the real goal.

‘I’d rather be organized now.’

“We’ll give Wells Fargo a bundle of all Western Class 2 railroads.”

“Thank you.”

Wells Fargo chairman Lloyd Tevis nodded satisfied. I gave up the supremacy of the Western Railroad to him, so I can’t help but like it.

In addition, there is Harriman’s Union Pacific Railway to the west. He drove Wells Fargo in hopes of keeping him in check.

frown

Chairman Tevis also gave a small wink with an ok hand to see if he had read my intentions.

At the same time, he was staring at President Harriman like he was going to kill him.

‘haha……’

“And the long-awaited whereabouts of the Pennsylvania Railroad (PRR).”

At the appearance of the railroad monster (Troll) who smashed all the railroads of the Northeast of the United States, the leftists all pulled their upper body together.

In particular, the eyes of the president of the Rockefeller family and Citibank, who were paying close attention to Northeast railroads such as New York Central Railroad, Erie Railroad, and Pennsylvania Railroad, became narrower.

“I will hand over 50.1% of the voting rights to Citibank.”

“….!!!”

“Citibank will get the right to operate the Pennsylvania Railroad (PRR) in the future with a 50.1% voting right.”

“However, JP Morgan Bank, which has 49.9% of the voting rights, will have the majority shareholder veto (rejection) right. Do you agree with the city bank president?”

In response to my question, William Rockefeller of the Citibank family, of the Rockefeller family, wiped his mustache with his hand and looked at me with alert eyes.

“Pennsylvania Railroad (PRR)…”

“Do you like my present?”

“Hey, what a gift.”

William Rockefeller laughed in vain, as if exasperated. I was nervous about what to say next, and burned my heartbreak.

Rockefeller’s castle has never been easy.

“If this is just a ‘gift’… well, all Santas will lose their jobs. ha ha ha!!!”

William Rockefeller burst into laughter and slammed the tabletop.

Like Chairman Morgan, why are there so many exciting inspirations today…?

ha-

I breathed a sigh of relief. I thought my lifespan was shortened by 10 years.

I looked around the left crowd once to finish. Most of them were looking at me with smiles. Because there were not one or two Congolese that would fall on them through this distribution.

Except for some of the shitty faces and the runaway faces.

“The above is the blueprint for the new railroad era that I will propose…but those who agree, please raise your hand.”

As soon as I finished my words, dozens of hands pierced the sky at once.

President Morgan smiled in vain and glanced around the conference hall.

“Unanimous.”

“thank you.”

f*ck.

I smiled.

‘Well…then.’

Now it’s time to collect my rewards.

＜ Black Wednesday. (3) > end