Chapter 139: Camp prototype

At present, it is not known whether it is appropriate to use a consortium to describe these Boston families. However, the businesses of Lowell, Adams, and Lawrence are banking, insurance, and investment companies. Later, they entered the field of light industry. So much so far. When the First National Bank of Boston was founded, the Morgans were still selling coffee beans in New Orleans.
Normally, these companies should be step by step to become the master of the financial industry! But the problem is that Morgan's growth is very abnormal, and it has gone from being far less powerful than a few families to being above them, and it took less than two decades.
Morgan, who has established his undoubted authority in the financial industry, does not seem to care about the feelings of several Boston families. This is almost the same.
"Master William, actually you may not know that Westinghouse Electric as you are imagining is not a safe thing. Some of Westinghouse Electric's shares are in Morgan's hands." Lowell saw Sheffield's face uncertainly. He thought the other party was evaluating the pros and cons and had to clarify things.
Sheffield's eyes widened a lot, and frowned slightly, "I haven't heard of it. Isn't Edison's current battle with Tesla just a play?"
"It ’s just two electrical engineers. Electrification certainly has their credit, but it depends on who wants to promote it. The financial industry may not be known to Master William. Morgan has long been laying out the electrical field, but you suddenly appeared , It's something other than calculations. "Lowell seemed very happy to see Sheffield look surprised. The heir of this family is not very young, but this pair of never-worried looks does not know who to learn from, which is really annoying. .
The man who understands finance is in Paris, otherwise how could it be his turn for such a large industry? Sheffield pondered a bit, "Thanks to the information provided by Mr. Lowell, I do n’t exclude Boston ’s friendship. I can only guarantee an attitude of interest. As for how to cooperate, I believe this is not the two of you and me. Things that can be determined, many details require professional talent to handle. "
Sheffield did not reject the good intentions of Boston. The United States is still at a stage where financial capital and industrial capital are at a boundary. Although integration has begun, it is only just beginning. For example, Morgan in the financial industry has slowly entered the entity. The field is laid out.
Of course, not everyone is willing to accept the collection of Morgan, or to rectify the order of the industry. In addition to his own home, is Lowell, who represents several families in Boston, one of them?
Morgan is now the largest financial capital in the United States. The essence of money is the general exchange equivalent of labor. People use money to exchange labor, whether it is production labor or service labor.
Controlling money is equivalent to controlling the ability to possess others' labor. If financial means are used to change the distribution of money, the price of labor is reduced as much as possible, the appreciation of money, the depreciation of labor, and the realization of unequal transactions between money and labor, they will become financial capitalists.
Morgan is now the most powerful capitalist in the United States, but it is not without challenges. The families whose core is Boston First National Bank are not very convinced by Morgan. That's why he ran from the northeast to the southwest, and came to express that he could cooperate in this matter.
Once Morgan lost to the Sheffield family in the field of electrification, it proved that Morgan was not a victorious existence. Although the finance industry makes money much faster than the general industry. But there are also huge risks, and they are uncontrollable risks, because confidence is a very important factor in the financial industry, but this factor cannot be quantified, and no one knows which card is played out before it will cause qualitative changes.
The first in this industry is to have this kind of treatment, will meet successive challengers. The financial industry has a larger capital flow than the general industry, and it is very difficult to unify the world. Morgan wanted to have absolute control over the industry like Rockefeller, but once he was really prepared to do so, he might fall into the standard oil antitrust law, and it would fall on his head first.
Now Lowell came to Arlington with sincerity. After communicating with Galeries Lafayette, Sheffield took over the olive branch handed over from Boston.
"I do n’t really understand the financial industry, so I have n’t established a bank at home, nor have I developed in the insurance industry. The accumulation in this area is not enough, but I agree to contact the Bank of Boston so that I can learn from each other ’s weaknesses. These families in Boston actually came to seek cooperation and took a lot of risk. After all, Morgan ’s position in the financial industry is there. If you want to do something to our family, Morgan really ca n’t do anything. If it is against Boston, It's much easier for banks to do something! "
Annabel did not imagine the stubbornness, but because she didn't deal with the bank very much, she still had to be cautious about it, saying that she had to call back some staff from London, so the cooperation must wait.
"Grandma, did I spend a little bit more this year, and my family is experiencing financial difficulties?" Sheffield lowered her voice, like a thief, ready to let Galeries Lafayette give him an accurate word.
"That's not true, but I can't refuse to use other people's money to do my own business?" Annabel showed a bad expression. "DuPont has a very bad relationship with our family, and you are determined to promote it. Electrification, what if you do n’t find an ally? The current cooperation with the Rockefeller family is limited to the contract. It is not possible to find oil. "
There must be oil in Texas. Sheffield is facing such a large legacy, but he cannot speak directly to this enlightened old lady!
After explaining the basis of cooperation with Lowell, saying that it will take some time to evaluate, Lowell left Arlington. He is a little bit unsuitable for the southern climate of Texas. He always feels wet, but he left with a happy look, and now Lowell has understood that this Texas landowner is standing on his own Faction, against the common enemy Morgan.
This contact was a strictly confidential matter for both parties, but each knew that this kind of cooperation had already taken shape in the camp division.
From Lowell ’s mouth, Sheffield also knows that some of Westinghouse ’s shares have been held by Morgan. This is not to say that they will definitely cooperate to overturn the ship, because I do n’t know how many of these shares are, whether it can cause Westinghouse ’s decision. influences. However, filing is necessary to prevent surprises at critical moments.
At the dawn of the New Year in the first six years, Arlington Manor was in a state of joy again. This also included Keane, who was about to leave Arlington. Sheffield gave him what he hoped for, a fully integrated United Fruit Company. The decision-making power is considered to be the best use of things. You and other shareholders will not interfere in his decision-making, just wait for the money to be distributed.