Wall Street of the third generation chaebol

＜ Steel and Shipyards. (1) >

“Master, that person…”

“uh.”

When the agreement was signed in the Waldorf-Astoria special room, it naturally shifted to business time between large banks and trusts.

Spectacular dinners were laid out in the special rooms, and the financiers who poured fine wines into wine glasses were desperately trying to survive the new phase of Wall Street.

Conversely, the wealthy tycoons of the Monopoly Trust, who can receive high-quality bonds, were at the forefront of this position and hardly needed to move.

“The steel king of America has also come.”

and.

A pillar of a steel trust.

Andrew Carnegie was also present.

“And Charles Schwab, president of Carnegie Steel, is here too.”

Charles Schwab may be a bit unfamiliar, but he was a tycoon who suggested US Steel’s exclusive trust system to Morgan and persuaded Carnegie to sell Carnegie Steel, becoming the first president of US Steel.

In short, another steel king hiding in the shadows.

“James, be careful. Because I am not an ally.”

“Yeah, I know.”

But unfortunately.

It was never a situation where I could talk with them with a smile hahahoho today.

Rather, you should be careful not to bite.

“They must be quite upset about the Pennsylvania Railroad and Federal Steel thing.”

Two rights received as a condition of acquiring the Newport News Shipyard.

Federal Steel’s priority negotiation rights and Newport News shipyard’s supply drive.

Among them, the preferential negotiation right for Federal Steel was a condition of taking away the demand from Carnegie Steel.

“Yeah, because their favorite Pennsylvania Railroad passed to the Rockefellers.”

and the Pennsylvania Railroad.

Carnegie Steel worked closely with railroad companies to reduce railroad fares, and the Pennsylvania Railroad was the most important railroad.

But it passed to the Rockefellers.

“It has to be, because their headquarters is in Pittsburgh, Pennsylvania.”

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

Oops-

I opened a bottle of Coke on the table and poured it into a glass.

Andrew Carnegie.

Sitting at the end of that room, he was having a conversation with President Rockefeller. It’s probably about the Pennsylvania Railroad. You probably won’t be able to sign a contract on the same good terms as before.

Well?

It was as if he had suddenly made eye contact with President Carnegie. But surprisingly, Carnegie’s expression wasn’t too bad.

No, I even felt like my eyes were smiling.

‘…What’s your plan?’

Druck-

After shaking hands with Rockefeller Chairman, Carnegie stood up with President Charles Schwab.

Inwardly, I raised the alert level and stared intently at President Carnegie as he exited the special room.

Stop.

Before leaving the conference room, President Carnegie unexpectedly turned around and made eye contact.

fresh.

We smiled at each other.

Something.

Something was up.

***

“President, I think this is the first time I have ever seen President Rockefeller praise someone. Are you someone who has a lot of affection for people in the first place?”

“No, I’m a little surprised there too.”

Andrew Carnegie.

At the end of the black procession leading numerous officers and guards through the main gates of Waldorf-Astoria, he shook his head at Charles Schwab’s question.

“I’ve never seen a person who praised that cold-blooded person so much, forged like a single sword.”

Detroit Morgan.

Morgan’s illegitimate son, whom Rockefeller, who is synonymous with cold-bloodedness, even praised him with a smile.

I’ve heard that the eldest son has gone missing somewhere, so he’s probably Morgan’s strong successor.

It is said that he is favored by Chairman Morgan.

“Well, I guess I won’t have to worry about it for a while.”

“Yes? President, didn’t you listen? That the Navy is giving Detroit Director Federal Steel the right to negotiate for the next 10 years.”

Charles Schwab was worried.

Now that the public opinion of the United States is strong, the interests of the Navy Department will grow bigger and bigger. The navy’s demand for steel will soar sharply during the war.

But President Carnegie is old enough to retire soon. That’s why I’m worried that my passion for business may have cooled down.

President Carnegie laughed in vain.

“So it is.”

f*ck.

President Carnegie raised an eyebrow.

With great interest comes great responsibility. I don’t know how detailed the Detroit director is in the steel industry.

The steel industry will be quite different from the monopoly of Rockefeller Standard Oil, which is doing it all by itself.

This place was literally a battlefield where several monsters fought fiercely.

“It’s more of an opportunity.”

“But having one strong player in the steel industry does not benefit us at all.”

“Schwab. Make your hair flexible. Or would you like to go play golf together?”

Charles Schwab was stunned to respond to President Carnegie’s sudden golf proposal.

“Yes? No, I am honored.”

President Carnegie looked at Charles Schwab like that. However, in his eyes, a calmly blazing magma was boiling.

“It’s because my vision seems to be clearing after I play golf for a while because I’ve been caught up in golf these days. We’ve been running so far looking forward.”

“…..Yes.”

“Schwab. Let me draw the board in detail. Who are our competitors?”

“Bethlehem Steel.”

“ha ha ha.”

At Charles Schwab’s words, President Carnegie laughed in vain. Charles Schwab was stunned at Carnegie’s sudden reaction.

President Carnegie tapped Charles Schwab on the shoulder with a tuk-tuk.

“No. no. Our competitors are Steel Trusts in Pittsburgh, Illinois.”

“Chairman, if you look at the market share, Bethlehem Steel…!!!”

chuck-

As Charles Schwab was about to intervene, President Carnegie raised his hand and interrupted him.

President Carnegie’s eyes sink deeply. President Charles Schwab put his hands together and listened quietly.

“Bethlehem Steel has been our ally since Detroit struck a deal with the Navy for Federal Steel and Newport News shipyards.”

Today’s enemy is tomorrow’s friend.

Yesterday’s enemy is today’s friend.

There is still no absolute ruler in the steel industry.

The biggest trust was Carnegie Steel, but the situation is different from Rockefeller, who ate up the US oil market.

There are no permanent allies and no permanent enemies in this battle between monsters of similar size. Bethlehem Steel was yesterday’s enemy.

They were today’s friends.

“Schwab. What is Carnegie Steel’s main business unit? Answer me.”

“This is a private and public infrastructure supply project.”

“Then what about Bethlehem’s main business?”

“That’s the Navy…!!!”

Charles Schwab widened his eyes.

As Bethlehem Steel is a trust created by the merger of Bethlehem Shipyard and Bethlehem Iron, the main business was the supply business of the Ministry of Navy.

What was the cause of the American-Spanish War in the first place? Maybe it was because the USS main ship, which had received orders for armor plates and main guns from Bethlehem Steel, sank.

As much as they were close to the Navy, they would have studied at Federal Steel in Detroit and Newport News shipyards rather than Carnegie Steel.

The calculation quickly ran through my mind.

“While Bethlehem Steel is biting Federal Steel like crazy, it devours all its competitors in Pittsburgh and Illinois…?”

f*ck.

At Charles Schwab’s reasoning, President Carnegie gave a bloody smile.

“okay. There is no need for us to intervene.”

There’s no need to turn it into an enemy.

so.

Kill each other from now on.

***

Washington DC

War Department office.

“f*ck. f*ck. f*ck.”

new war minister.

Theodore Roosevelt was wrestling with papers from the secretary’s office, swearing.

Every day in Congress, we whine about to draft a new bill.

Army corps commanders and agencies are desperately trying to get the budget for their families somehow.

Even the draft law and economic law have not been passed yet!!!

‘Kill that child.’

The Detroit gnome who recommended me as Secretary of War must be me.

Jureuk-

big

Secretary of War Roosevelt tilted his head back, feeling the blood rushing to his nose.

“Are you okay? Minister?”

“Does this look ok?”

“no. I asked for courtesy.”

“…..”

It’s all because of that damn Detroit.

If it wasn’t for him, we’d be having fun in the plains of Texas by now… No. As a strict instructor, he must have been training young volunteers.

creak-

As the nosebleeds seemed to have stopped, Roosevelt lowered his head.

“ha. First of all, the most urgent matters are the draft law and the economic law. I’ll have to talk to the lodge councilor.”

“Shall I connect the phone to the lodge’s doctor’s office?”

“no. We have to clean it up first.”

In fact, there was a reason that the wild Roosevelt was kidnapped to Washington relatively quietly (?).

machine gun.

I bought dozens of machine guns from the Detroit director to train Texas volunteers, and, following his advice, started digging trenches and training to fire machine guns.

Tutatattattata-

And when the machine gun began to spit fire, Roosevelt was shocked as if struck by lightning.

‘I had a sore throat.’

Seeing the sandbags piled up for training shattered like a handful of dust by the power of a machine gun, it seemed unlikely that a cavalry charge would be very good.

‘The mean Washington kidnapped me when I was trying to figure out what to do with him.’

Never came to taste the power of a machine gun and never thought the cavalry would get f*cked. never, no

It’s just that he’s been dragged into the mean Washington by taking advantage of his psychological shock.

“Write. Still, horseback riding is a bit disappointing.”

“what did you say?”

“Nothing.”

Roosevelt thought.

The reason why the Cuban Expeditionary Force was annihilated is clear.

He dug a trench and went into hiding and threw a line battle-style shut-down charge on the hiding Spanish army, so it must have been ripped apart like a Texas punching bag.

‘Even if 70,000 people were packed into one 5th corps, the casualties were even greater.’

Prior to the American-Spanish War, the Ministry of War organized a total of eight corps.

However, during the organization of the 1st Corps to the 8th Corps, the victory in the Philippines happened so quickly that the expedition to Cuba was delayed.

The 5th Army, which was scheduled to join the Volunteers, was inevitably overcrowded. As a result, the 5th Corps was supplemented with scraps from the War Department to overcome the chaos in the command system.

While the other corps had 10,000 men.

The 5th Corps alone was enlarged to 70,000 men.

As a result, the command system was concentrated on one Sharpter Corps commander.

“And Commander Shafter said that he had all 70,000 men shut up and rushed.”

So this kind of disaster doesn’t happen.

This time, the purpose of the Cuban expedition should be clearly defined and the appropriate corps should be divided and organized.

“Do you have any insight?”

When his secretary asked, Roosevelt turned around and looked at the world map hanging on the wall.

“As a result of my own experience, the battle in which the machine gun has the most absolute power is the defensive battle.”

If this war can somehow be brought out in the form of a defensive war, the United States, which is relatively advantageous in terms of materials and naval power, can win a grand victory.

There was one way.

“An island at sea is like a fortress in the field. So if you approach it like a siege, you will find a solution.”

“…Is it a siege?”

“okay. Siege.”

In a siege, when the attacking side’s army is superior. The offensive side surrounds the fortress wall, cuts off supplies, and encircles and seals it.

The US Navy, which defeated the Camara Fleet, had enough power to block the entire Cuban waters. All that’s left is the port.

“If our army landed in Cuba and took over the port cities, what should the Spanish army do?”

“…The Spanish Army and Navy will be desperate to retake the port city.”

“This is a great defensive battle for our war department. The Spanish army will pour into our trenches to retake the port city. By the way, this is what I had in mind with Commander Nelson.”

“ah…!!!”

“The problem is the Philippines.”

Roosevelt leaned back in his chair.

This morning. A letter was sent from the State Department to the War Department, and this was another incident near the Philippines, so it was not something to be ignored.

“Anti-Christian movement took place in Sichuan Province in Qing, and it is said that recently in Shandong Province, about 3,000 rookies burned churches and massacred missionaries and residents. And there are a lot of American missionaries in Qing.”

“…!!!”

“Bucheong Annihilation.”

Roosevelt, who was interested in Japan, had a slightly bright eye for Chinese characters.

“Help QIng destroy the Yankees.”

“Yankee? Are you talking about targeting America?”

“No, sorry. She’s a sheep, but her pronunciation is good. Anyway, Yang means Westerners.”

“But why not subdue all those rookies in Qing?”

“I will.”

In fact, Roosevelt didn’t take it that seriously. Because there was no way Qing, who had taken Beijing by Western powers, could leave them alone if they judged ‘reasonably’ when a mob was set up in their own country. There will be talk of suppression soon.

persimmon.

Roosevelt’s senses sounded a loud alarm.

“So what did the mobs say?”

“They said it was a boxer. I mean, the martial arts can block bullets or something. Not the right guys. But you need to be prepared.”

In case of an emergency in Qing, it should be possible to withdraw any number of troops from the Philippine expeditionary force.

‘Besides, if you want to annex the Philippines, you have to be prepared for a clash with the rebels in the Philippines.’

“Given the budget of Congress, it seems like they intend to arm about a million people.”

“Yes, it is said that the members of the Democratic Party called for an all-out war and organized it generously.”

“At least 300,000 should be deployed to the Philippines.”

“Yes? Do you mean that much in the Philippines?”

In the present age of imperialism, few empires have yet to project millions into their troops according to the draft law.

Most of them try to solve it somehow within the existing military force.

The number of troops that can be projected on Qing right now is smaller than expected.

30,000 Japanese Empire.

13,000 imperial Russia.

12,000 people in the British Empire.

3,000 in France and the United States.

The German Empire had 900 people.

etc.

‘If the Philippine expeditionary force of the United States is called up to 300,000, of which 30,000 can be projected as Qing (Qing) funny.’

If that happens, the honor and voice of the US, which has been crumpled in the international community, as Spain has it, can take a step towards hegemonism.

Tired.

Roosevelt’s head pounded.

“For that, naval power is essential. Although there are armed merchant ships for the warships that will be projected into the Pacific, there is a risk of sinking all the battleships of the enemy fleet. Additional construction of the battleship is essential.”

It is, of course, the responsibility of the Navy.

However, in the Navy Department, his personal connections are still alive and breathing when he was a vice minister.

‘And Detroit.’

A non-military person with a powerful influence on the Navy Department, he was nothing more than his own joker.

It’s not like he’s a rookie who will drag himself into the Minister of War, shut his mouth and confiscate his face…

“Well.”

Roosevelt’s eyes lit up.

Can not be done. Detroit Director Must Catch I can’t let you run away

“Secretary.”

“Yes, Minister.”

“Certainly there was an advisory committee in the Ministry of War, didn’t it?”

“Yes, there is. But in this scandal, they were all fired.”

“great. Perfect.”

Detroit You’ll never run away.

‘Where do you dare run away?’

I can’t be behind

It was a matter of concern for the future.

“I will appoint the Detroit director of the hedge fund as chairman of the War Department advisory committee. Go to Wall Street right now and ‘get’ the Detroit director.”

“Yes!”

As the secretary quickly exited the cabinet, Roosevelt leaned back in his chair with a bag off his shoulder.

Whoa-

“It’s naval power…”

I wish that a miraculous battleship capable of destroying all other countries’ naval ships suddenly fell from somewhere.

Should Detroit be given a seat on the advisory board of the Navy Department? If it’s your own breath, that’s possible.

Roosevelt’s troubles deepened.

**

wall street.

hedge fund headquarters.

write-

how do you do this

At this rate, there is no decisive number to stop other steelmakers from tackling Federal Steel’s military supply. I was pounding my head and rummaging through the papers.

smart.

“Who is it?”

A knock was heard at the door of the living room.

James was away for a while, so I put down the file I was working on and walked to the door of the boardroom.

“who are you?”

“The Detroit ‘adviser’.”

“Yes?”

“I came from the War Department. Please open the door.”

Advisory, and the War Department.

I was at a loss for words at those two words.

this…..

‘Is it Roosevelt’s work?’

f*ck.

But soon he smiled. I was tying up my goals with Carnegie Steel and Bethlehem Steel, and just in time, a ray of light would come down like light.

‘I rather like it. ‘

I turned around and looked at the folder on the desk.

[ A report on the situation in East Asia and each country’s steel demand forecasts and bond credit ratings. ]

Preparations for the crisis were progressing steadily.

＜ Steel and Shipyards. (1) > end