Chapter 471: Save the bank

The bank run and the stock market crash came together. Rao was a little more experienced in the battle, and some could not bear it. He gazed at the assistant's collar and asked, "How much has it plunged?"
After getting the current data, Little Morgan's body shook, "I lived in my thirties and I have never seen the stock market crash like this. It is simply forcing people to hang."
Even if this is the case, the problem still exists, whether it is to rescue the stock market or to rescue the bank. After a short consideration, Morgan Jr. decided to ignore the stock market and maintain the original plan to save the bank.
There is still plenty of confidence in dealing with the bank run by Little Morgan, and now with money to save the stock market, he does not know who his opponent is, and the stockholders in the stock market are in a panic, and everyone is dead, not because of the Morgan family. change. The banking industry is different. He only needs to face other bankers and grasp a bigger one.
The speculators of the US Steel Company have not seen the good news for a long time, the stock market is still plunging, and finally understand it, the rescue in hope is no longer possible, the panic is infected like a virus, and the stock of the US Steel Company is crazy The decline quickly caught up with Carnegie Steel, which sold early.
"Don't move today, repurchase the next day." Little Rockefeller said to the assistant around him. "The repurchase volume is one-fourth of today, and watch the market move."
The news of suicide on this day was one after another. The New York newspaper the next day was full of obituary death notices. These suicidal people show how right the stock market is at risk.
If the run-up wave in New York is not enough to wake Roosevelt, then the run-up wave has spread throughout the country and has received the attention of the White House. The White House has made efforts to calm the panic, but things are out of control too fast, fast When it came to people, it was impossible to tell, how could it be so in just ten days?
The stock market plummeted and banks ran out, so Roosevelt couldn't sit still and called Federal Attorney General Knox to the White House. There was an urgent need to know what happened now. How did it become a cold yesterday and an obituary today?
Alice Roosevelt's ears stood up, not far away, she felt she should stay.
"Now it seems that the crisis stems from a failed speculation. A New York-based trust company took a fancy to copper-price speculation, but the opponent was Sheffield United, and finally the merger terminated the stock plunge. Remarks about the trust company's capital chain breakage The rumor has caused a run on trust companies, and the run has spread to banks and to the whole country. "Attorney General Noske combed the development of the matter in detail based on the evidence now seen." Now the stock market has also plunged because of the crisis. "
"The only surprising thing is that things are unbelievably fast, which is related to the irresponsible media."
Attorney General Noske is very competent, and also shows the suddenness and rapidity of this crisis, followed by some political terminology, in fact, the words of the car.
"Now the market must be stabilized to survive this crisis." Roosevelt heard very dissatisfied. "These greedy big companies are deliberately creating a crisis to embarrass the federal government. This is to challenge the authority of the federal government. There must be big companies in it, I ’m sure. "
"Mr. President is wise!" Attorney General Knox smiled bitterly. "It is now more obvious to see that the big companies that have entered the crisis are the Morgan Bank's Morgan Bank, the Rockefeller Family's Standard Oil, and the Sheffield Family's. The United Company, of which Sheffield United Company is the most dynamic, will lay off more than 50,000 people in its industries. "
"These greedy bastards, they will only make citizens desperate. How can they do this? How dare they do it?" Roosevelt cursed angrily. The most powerful companies in the United States appeared, but they were not In saving the country, he regarded the crisis as a big meal, absolutely. Roosevelt was right.
"How can you do this? How dare you do this?" Outside the gate of the Chicago steel mill, a crowd of thousands of steel workers surged and blamed the steel mill's managers. There was no explanation overnight, many people. I was unemployed.
A group of black-gold companies wearing khaki-colored clothes and black-gold armbands stood in a row. Everyone held an iron bar and a shield in their hands. Behind them, there were countless people with guns in their hands.
Jessla came out of the crowd and climbed up the thick fence, standing on it and looking at the gathered steelworkers. There were so many people ... Despite this thought, Jessla shouted directly with a big horn, "It's a bank The crisis in the industry broke out, and now there is no profit as a factory, and there is no way to layoffs. Everyone should not blame anyone, only greedy greedy bankers. This is the case. I hope everyone can accept the reality and wait for the crisis to improve, and everyone can come back. It is better not to act rashly now. Once a conflict starts, it is a tragedy. Do n’t forget the conflict a few years ago. "
The last sentence is a bit threatening. This sentence refers to Carnegie's suppression of workers' strikes, reminding these laid-off workers to be careful of the consequences, and hurry to get out.
"Why not cut black workers?" The representative of the headed worker shouted incoherently as he saw Jessra preparing to jump off.
A smile appeared on the corner of Jessla's turned mouth, but soon disappeared, shouting, "Black workers have already accepted salary cuts, so blacks are not included in the layoffs."
Worker thief, traitor! Stupid nigga! The workers stuck at the gate of the steel plant were furious, and their black gold members had given way to them. This is definitely not afraid of the workers, but afraid that the bullet will hit themselves, da da da! A group of black gold members shot at the land in front of the workers and splashed a burst of dust, which also made the protest come to an abrupt end. The leading man shouted, "Everyone can go back. This is not a place for protest. The land is privately owned. "
Once the emotions are being rendered, there may be an illusion of power and there is something wrong. Heijin's style of doing things is to pre-empt, first shoot, as for the consequences, there are always people who wipe their butts anyway.
"Yes, leave the Negro, and do a good job." Sheffield praised the microphone without hesitation. "It's great."
Edith Rockefeller waited until Sheffield hung up the phone before saying, "Aren't you hating black people most?"
"Who said that?" Sheffield denies, "White people and black people are the same in my eyes. In the eyes of slave owners, there is only the difference between slave owners and slaves. What is the difference between white people and black people? I just let The white group thinks that they are different from the blacks. What's the difference? In fact, leaving black workers just gives the layoffs a vent. Those whites who think they are superior will vent their anger. With black people, no one is bothering us. Jesra is right. "
"It turns out like this!" Edith Rockefeller raised an eyebrow, and said with a lost expression, "You all think about it."
"Of course, no one knows slaves better than slave owners!" Sheffield raised her eyebrows as well, learning the expression of Edith Rockefeller. "Who is a friend and an enemy? This is the most basic question. I'm not mistaken. Yes, I always pull hatred for black people, only because they have few people. If the main nationality of this country is black, do you think I will not stand on the side of black people? And I never prepared to kill black people in my heart, I want to keep them in a controllable quantity, and the total number of people is probably less than 5%. "
If Sheffield wiped out black people from the United States, then it would be impossible to use racial problems to cover up class problems, and there must be a racial group to make this scapegoat, letting the white group feel that although I am very poor, it is still stronger than black people Only with such a bad attitude can we live happily and live happily.
At least Sheffield has been very happy recently. Although his value has repeatedly hit new lows, Union Bank ’s cash flow has not only declined, but it is still rising. Especially in the Midwest, Evelyn put gold on the counter. In fact, there is such a little inelegance and unpretentiousness, but it is a very effective propaganda.
At the same time as the Midwest Bank continued to close down, a long queue of deposits appeared at the entrance of Union Bank in Los Angeles, which is completely opposite to the run of other banks. This is the role of gold in the eyes of citizens.
At noon, New York officially received news that Morgan Jr. contacted a group of bankers to formally rescue the run of the run. Using the honorary guarantee of Morgan and his sons, he called the bankers to a meeting at Morgan's house and came up with a rescue plan. In terms of protecting the stock market and the insurance bank, JPMorgan eventually chose the insurance bank. Banks are the foundation of the Morgan family. If there is a problem in this regard, let alone the bottom-up expansion, even maintaining the current prestige is a problem.
Under the trade-off, Morgan Jr. made the safest choice. This choice also showed that he couldn't use his money elsewhere, causing a crisis expansion, at least this time it was basically out of the Morgan family. Unless citizens ’confidence in the major banks is restored, but this crisis has not passed, he can use the time difference to take the money out of the banks and then save the stock market. From noon on this day, Little Morgan invested 25 million The US dollar made the first batch of capital injections to the run-down banks, and at the same time began to raise the second batch of funds. Many bankers were relieved that they would not go bankrupt.