Wall Street of the third generation chaebol

＜ Meiji Panic. (2) >

The fuse was ignited by the Great Northern Railway.

The Great Northern Railroad, run by Hill Railroad Director, was a major shareholder of a Philippine company and an absolute powerhouse in trade in the Far East in the United States.

Hill’s decision for the Great Northern Railroad was simple.

“First of all, all contracts signed in pesos with the trading companies and shipping companies of the Japanese Empire should be cancelled.”

Director Hill took a deep breath.

The timing the Detroit director said was only just beginning. He had to cancel the contract accordingly.

-After the Meiji panic is over, the polar animals will be distributed to the Philippine company and the Great Northern Railway.

“This isn’t my style…but I might be addicted.”

“It is impossible to break a contract that will scratch the trusting relationship with the other country.”

“Secretary, don’t put too much pressure on me. You know that my heart isn’t as hard as the Detroit move.”

“Chairman, are you kidding me?”

The secretary looked out of the president’s room.

He even seemed eccentric when he said weak words from the man who ripped off all the communication equipment of the submarine cables laid out in Far East Asia and installed them in front of the president’s office, saying that he would take the lead.

– Mitsubishi will sue for unilateral breach of contract.

– He said he would destroy all contracts other than those in pesos if they really sued! ‘Cause it doesn’t matter

– Protests are pouring in from Mitsui. Telegrams are also pouring in from the Imperial Japanese Army!

– Ignore it! Break the contract now!

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

Outside the president’s room, shouts from the staff of the Great Northern Railway’s Far Animal Department and the Legal Department were exploding.

Hill Railroad Director laughed.

“If you think about the relationship of trust with the other person, you shouldn’t approach it like you said.”

Hill opened up a map of Japan.

Director Hill’s eyes, who were usually hard but young, began to give off a cold ear.

“But it’s a different story if you’re planning on thoroughly smashing your hound.”

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

Oops-

Director Hill pulled out a fountain pen and started checking port cities such as Tokyo, Yokohama, Osaka and Nagasaki.

“As far as I remember, there were many contracts with Mitsubishi on the polar animal line of the Great Northern Railway, right?”

“Yes, it is an affiliate of Zaibatsu that has an exclusive contract for almost 10% of its cargo volume.”

“The first target is GNOME magazine. I heard that GNOME accounts for a significant percentage of Philippine companies’ logistics routes in Southeast Asia.”

win-

Director Hill lit a cigar.

“After breaking the contract, force a currency swap. The peso is headed to the Japanese Empire by the Detroit director on a cash ship.”

Mitsubishi Line Tokyo Headquarters.

bang-!

“What kind of tyranny is this!”

The head of the Mitsubishi family urgently convened executives on a phone call from the morning and held a board meeting. The news that the Great Northern Railway had been unilaterally violating the contract since this morning felt like it had been beaten with a hammer.

‘20% of the freight volume is cotton imports from the Great Northern Railway, and more than 40% is raw material imports from Southeast Asian Philippine companies.’

The fact that the Philippine company owns the Great Northern Railway is a fact known to all Japanese businessmen. If so, it means that more than 50% of Mitsubishi’s traffic has just been canceled.

“First of all, what was the reason for breaking the contract? Were there any mistakes on our Mitsubishi side?”

“No. The head of the family. As a result of protesting to the Great Northern Railway, it seems that the contract was canceled to compensate for the loss due to the collapse of the peso. They say they are willing to continue the contract if they pay in yen or dollars instead.”

“The Spanish peso plummeted…? Wait a minute.”

The head of the Mitsubishi family was confused for a moment.

The other side had much to lose to say that the collapse of the currency value had destroyed the relationship of trust in international trade and announced the unilateral termination of the contract.

‘In the first place, if polar animals do not go through the Japanese Empire, it will be much more difficult to enter the continent.

However, as if ridiculing his common sense, the situation of Mitsubishi Line (shipping) and Mitsubishi Corporation was running from the worst to the worst. The boardroom executives were overcrowded with their secretaries coming in to report, and the conference room was filling with noise.

An executive director rushed over.

“The head of the household, British corporations and Dutch corporations have also been notified of contract termination. All payments are made in pesos. will do it.”

“What….?”

The Mitsubishi head felt dizzy.

Did Spain really fall apart? ah please I couldn’t figure out what the hell was going on.

smart-

“Excuse me.”

At that moment, the door to the conference room swung open and the secretary rushed in. As the secretary whispered to the head of the Mitsubishi head, the head of the head was wrinkled.

“I got a call from the lieutenant colonel Matsugata of the Admiralty. It sounded quite urgent, but can I connect you now?”

“…to the conference room phone.”

“Yes.”

The secretary, along with the staff, quickly installed the phone in the conference room.

The secretary nodded after checking that the communication signal was good. The head of the Mitsubishi family swallowed saliva when a direct line was connected to the lieutenant general of the General Department through the conference room phone.

‘At this point in time when the contract was unilaterally broken, the direct phone number of the general manager…’

zero…..

I don’t feel good.

click.

The head of Mitsubishi picked up the receiver with a slightly trembling hand. As soon as I picked up the receiver, the words of Captain Matsugata poured into my ears like rapid-fire cannons.

– Are you the head of Mitsubishi? This is the Vice Admiral of Matsugata. Don’t be surprised and listen carefully. I just got a telegram from the foreign minister, and it’s a pretty dire situation.

“…..Yes.”

– Spain declared unconditional surrender to the United States.

“…..!!!”

– Yes, take a deep breath and listen. Currently, the currency value of the peso has hit the bottom and is falling, and it is said that panic cells of the peso are already pouring out in South American countries who heard this news a few days early.

“…that’s right.”

– Yes.

A moment of silence passed over the receiver.

– The peso became a piece of paper overnight. Soon, currency swap requests from Great Northern Railways, Philippine companies, and Japan Settlement Bank will flood in. It is expected to be quite dangerous.

Whoa. A sigh was heard over the receiver.

After that, the Minister of Admiral Matsugata left a word and the phone was disconnected.

– Eat your heart out. Then I wish you good luck.

click.

***

Emperor of the Japanese Empire.

Temporary situation control room.

“Return to the national banks right now!!! Let’s start with the business-to-business currency swap first!!! Continue to convince us that we need to take time out!!!”

“Tokyo’s 15th National Bank has filed for bankruptcy!!! Normal national banks can’t stand a currency swap between companies!!!”

“The bankruptcy application is dismissed!!! Still, hold on to it and let it hang down!!! We will specifically allow minting of yen this time, so please continue to receive yen!!!”

“The 20th National Bank of Tokyo is also in danger!!! The national banks near the trading port are screaming!!!”

The control room was chaos.

Captain Matsugata wiped the cold sweat from his forehead with a handkerchief and looked around at the rotating board. In the rolling pupil, the current situation of the national banks began to be clearly visible.

National banks with trading ports were providing payment guarantees in currency swaps between companies. So, if the small and medium-sized shipping industry passes, the National Bank will pass along with it.

A person with low political power but excellent financial ability.

That was Matsugata’s external reputation.

“Hey, what about private banks. What about the top 5 banks?”

“The current situation is serious. Mitsui Bank, First National Bank, and Sumitomo Bank are cash-butting based on their strong finances, but Mitsubishi is at risk.”

“Damn… Did Mitsubishi start to overthrow it? If it’s Mitsubishi, isn’t it the 4th largest bank in the bank?

“Well, then the other national banks…!!!”

“Leave them bankrupt!!! If the small national banks went bankrupt, only a few small and medium shipping companies would pass, but if the top-ranking large banks passed, Zaibatsu would collapse!!!”

“Ha, hey!!!”

Vice Admiral Matsugata toured the inside of the Situation Control Room, collecting important information first. The situation that the Minister of the Interior had to look at is because he had to look not only at the national bank, but also on the domestic railway market, industry, and external colonial policies.

First of all, if the national banks collapse, the industry and colonial policies are all a piece of paper. Especially for big banks like the top 5 banks.

You have to be able to live without cash.

“Instead of the ledger, it is said that the Mint has approved the issuance of additional yen.

“Thank you.”

“Instead of the chief!!! This is an emergency call from the Tokyo Stock Exchange!!!”

bang.

As an official of the general’s office howled with a pale face, the eyes of other officials wrestling with the national banks immediately turned to him.

Captain Matsugata also approached him with a serious face.

“Tokyo Stock Exchange?”

“Yes, it is said that the stock market is collapsing in real time because of the failure to prevent the opening of the Tokyo Stock Exchange.”

“Wait… if it’s the Tokyo Stock Exchange.”

Matsugata felt his head heat up.

The Tokyo Stock Exchange in Japan has not yet secured the size of the overseas stock exchanges. This is because private conglomerates did not list large companies on the stock exchange.

‘It’s a big deal.’

Captain Matsugata bit his lip.

It is a stock market where the shares of private companies are not listed. So what stocks are listed?

state-owned enterprises or national banks.

It means that the stocks of national banks, which are collapsing in real time, are listed on the stock exchange.

“You should also check the Osaka Stock Exchange.”

“Yes!”

no…..

Can not be done. National banks can’t stand this.

In an instant, the head of Matsugata, who had run away, almost screamed.

“Close the Tokyo Stock Exchange right now!!! This is the most urgent thing!!!”

The excited Captain Matsugata ripped off his sword. It is still a situation in which currency swaps between companies are forcibly digested.

The ‘unlimited’ currency swap, an interbank currency swap, hasn’t even started yet.

Before the main camp came, the national banks all went bankrupt.

‘Somehow there is a way…’

thump-

At that moment, a thick hand was placed on the captain’s shoulder.

“Hey, Matsugata. What’s wrong with your complexion?”

Admiral Yamamoto, who followed, appeared in the situation control room, scratching the back of his neck.

If he looked at the situation, the situation seemed serious, the Minister of the Navy whispered in a crawling voice.

“Navy…..”

For a moment, Matsugata’s head turned rapidly.

Limited currency swaps between companies came first. Unlimited interbank currency swaps haven’t even started yet.

So can we take advantage of this situation?

“Hey, secretary. You.”

“Yes, speak on behalf of the captain.”

“Have you ever heard of a ship carrying pesos that enters Yokohama Port? Don’t you check everything before a report comes up to me?”

“It seems that the Great Northern Railroad has notified that it will come in ‘priority’ armed merchant ships in a few days if it is cash transport in pesos. It is scheduled to arrive not only in Yokohama Port, but also in Nagasaki Port, Osaka Port, and other places.”

“Armed merchant ships… yes… Armed merchant ships.”

It’s an armed merchant ship.

Are the armed merchant ships stronger or the armored cruisers stronger? It is true that armored cruisers are stronger.

He looked at Admiral Yamamoto with his young eyes.

“Minister of the Navy Yamamoto.”

“Uh, uh. Matsugata. Why are you looking at me so desperately?”

“Are there any cruisers in the Combined Fleet that can move right now?”

“Um… I’ll have to talk to Admiral Dogo to know the details, but it’s a non-combat situation right now. There must be a lot of idle ships.”

“Then, could you detain all the American merchant ships that will enter Yokohama Port, Nagasaki Port, and Osaka Port?”

“……What?”

Admiral Yamamoto wiggled his eyebrows as if he had heard some nonsense. However, Admiral Matsugata looked at the Minister of the Navy with an even more wretched face.

“If this day goes well… we will set a budget for the new battleship.”

“…!!!!”

In an instant, the eyes of the navy minister changed.

Matsugata clenched his fists inwardly and continued.

“Besides, if the general goes bankrupt, the economy of the Empire of Japan will come to an end, and then the navy will automatically begin disarming? Do you want such a situation?”

“…Is the situation that serious?”

“Yeah, the national banks are dying right now. But they say that an armed merchant ship from the United States is coming. I will omit the detailed explanation. First, detain only the cash carrier.”

If only the peso cash line can be blocked, it may be possible to curb unlimited currency swaps.

Since the cash carrier did not reach the Japanese Empire, we did not receive the peso, so the currency swap will be due to your non-fulfillment of the contract and will be destroyed.

If you think about it rationally, it’s absurd.

the country has gone bankrupt The Tokyo Stock Exchange also suddenly shut down in the middle of the day. The detention of merchant ships by the navy has long been in the permissible range.

The navy minister thought for a moment and then opened his heavy mouth.

“…a new battleship. It’s a promise. You must listen to it.”

The corners of his lips rose.

***

“It is said that the Mint of the Bank of Japan continues to issue yen to be used in our currency swap. They have been attacking currency swaps for the past few days, but the Japanese government is holding up better than I thought.”

shoot-

The pier at Yokohama Port.

The Armed Merchant Ship of the Great Northern Railroad I was on came in to ship with cash in pesos. He was immediately captured by the combined fleet of the Japanese Empire.

“That’s right. The cash carrier I was on was detained. I haven’t received the pesos yet, so I’m just fussing.”

flap-

Flag of the Rising Sun

The flag of the Imperial Japanese Navy was fluttering and armored cruisers surrounded the armed merchant ships I was riding on. Thanks to that, the peso I had brought was floating on the sea of Yokohama without being able to be shipped.

“Still, people seem to come out.”

“That’s because if you detain Americans, you can’t even gamble. Isn’t this what you expected?”

“Well… that’s right.”

Samuel Sachs arrived early at the marina to meet me.

Seeing Samuel Sachs wearing a black kimono made me feel weird, but as he said, this is also what I was aiming for.

“Maybe it’s not just Yokohama Port.”

“Isn’t it just Yokohama Port?”

“Tokyo Bay, Osaka Port, Nagasaki Port, and the port that was opened due to the Kurofune incident, an armed merchant ship carrying Da Peso is scheduled to arrive.”

“…!!!”

“Yeah, the combined fleet of the Imperial Japanese Empire will work hard to detain even the ships that are not there to detain them. They usually do their work a little rough.”

The idea of the Japanese government is simple.

To prevent the peso from landing on mainland Japan.

In other words, we haven’t received the peso yet, so we’re trying to get rid of the currency swap by canceling…

It’s not hard

– The peso does not need to reach Japanese soil.

Maybe I didn’t come up with this simple idea. In order to take advantage of this situation, I sent a ‘first’ cash transfer to an armed merchant ship that looks weak.

The Japanese Empire ate a large amount of bait that had been spilled through the Great Northern Railway.

flow is good

“The cash carrier will arrive later.”

“Sequel?”

“Yes.”

This might be something to thank Bethlehem Steel for.

The 7.5 billion sea security budget has been passed and Bethlehem Steel has been dumping orders to build armored cruisers.

The cost of building an armored cruiser was $700,000, a 30% discount.

The construction cost of one full-dreadnought-class battleship was 1 million dollars.

Even if you allocate 100 million dollars, it was enough to print about 200 cars. The U.S. Navy turned a blind eye and pushed them away with the number of warships.

‘The only way to lower the production cost of dumping orders is to extract a large amount.’

The US Navy’s position was clear.

Rather than worrying about the maintenance cost of an armored cruiser due to post-war disarmament, let’s pull it out at a cheap price and scrap it after the war.

Thanks to that, the only remaining remaining in the Pacific Ocean were armored cruisers and all-dreadnought-class battleships.

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

Of course, in the process, our patent monster made a ‘slight’ mistake, and Bethlehem Steel wore Krupp’s gloves and used our patented main gun.

This is fun later.

“It’ll be pouring in soon.”

“It’s pouring in? Is something coming after that?”

“Yes. There is such a thing.”

I raised the corners of my lips.

After all, it’s a warship.

If you are blocking the death of the peso to prevent it from landing, you can break through it with the determination to kill everyone.

I guess we thought that it would be resolved if we said we didn’t receive the peso and canceled the currency swap.

The time has come to show how bad the taste of capitalism in America is.

It was necessary to break down their easy-going illusion that they would have blocked unlimited currency swaps with even more excruciating means.

‘You guys came out with power first.’

Perhaps the Japanese Empire did not even dream of it.

The British Royal Navy, who gave them information, will be silent for us, and above all, there were quite a few British corporations among the foreign corporations that broke the contract this time.

The same goes for information fast Holland.

The ears of the Japanese Empire were already blocked.

“The ‘little’ dangerous cash boxes will follow.”

Note that.

The present 1899 Combined Fleet of the Japanese Empire.

There were still only two battleships.

But what do you think of when armored cruisers and all-dreadnought-class battleships swarm in hordes?

It was still the end of the 19th century, and it was a time when naval diplomacy was still working.

＜ Meiji Panic. (2) > end