Chapter 291: Even the pit must jump

"By the way, Frank, what do you think is the biggest difference between the two parties?" Carnegie's mental state is very good today, and he has been active all the time. It seems that he is not frustrated because his industry will change its owner.
"One is acquisition, the other is M & A! As for financial resources, it should be that the Morgan Alliance has a slight advantage. After all, there is no more profitable than opening a bank." Frank said in silence. "Standard Oil and United Company hope that mergers and acquisitions occupy steel Most of the company ’s shares, and Morgan and Son want to buy and build an unprecedented steel alliance. "
"Yeah, it's their difference!" Carnegie smiled. The idea of ​​the Iron Alliance was actually not uncommon for a long time. In the long period of his life, the biggest enemy of the Iron Alliance was none other than him, the steel king. .
This alliance has another more well-known name, called cartel! A hundred years later, the most famous cartel in the world is OPEC. Cartel takes the expansion of its overall interests as its main goal. To achieve this goal, a series of agreements will be signed within the cartel to determine the output and product prices of the entire cartel, and specify the sales and sales areas of various companies . An organization composed of a series of independent enterprises that produce similar products, and producers of collective action, the purpose is to raise the price of such products and control their output.
Carnegie's steel company has always been the biggest enemy of the cartel alliance, but in fact Carnegie Steel is indeed part of the cartel in a broad sense, although his profits in the industry have always been the highest. But he paid the smallest dividend and reinvested the rest of the profits in a better co-factory, higher mechanization, and a greater drop in output product prices. This is a good opportunity to expand market share-every time the market declines, the card Negative companies have expanded their market share.
In most of these investment activities, Carnegie ’s companies are at the forefront. They set steel price caps for competitors. 1. Because they use most of their profits for reinvestment, others are forced to follow their example. Similar investments.
It can be said that Carnegie Steel Company is carrying the cartel's signboard, all it does is to dismantle the cartel, and kick out other competitors in the steel industry one by one.
Carnegie used the recession cycle to kill other cartel members one by one. This move is very similar to the Samsung Group in later generations, taking advantage of the economic depression to kill competitors, the competitors are gone, the economic depression is over, and the remaining markets are all their own.
Because Carnegie always does this, it is very uncomfortable for Morgan to integrate the steel order and establish the American Steel Company. However, if no other competitors appear, Carnegie will not bear the pressure of Morgan. After all, as an industrial entity, His steel company was very disadvantaged against some bankers.
So Carnegie remembered the Rockefeller family of Standard Petroleum, because Standard Petroleum and are in a sense of a competitive relationship, which must start from the development of electrical, Morgan is the main supporter of electrical.
Morgan hopes to extend the electric light to the whole country. He and Edison asked workers to dig pits and bury more than 100,000 feet of thick copper wire. This allowed Edison ’s power station to be connected to hundreds of homes and commercial buildings in New York, and Edison ’s power grid became a model of power transmission in the United States.
It did n’t take long for Edison ’s power grid to be filled with half of Manhattan, electric lights lined up on both sides of the street, and countless families in New York shone with electricity at night. The actions of Morgan and Edison have impacted Rockefeller's kerosene business, because any household connected to the Edison grid is a lost customer of Rockefeller.
Rockefeller, who was hit, launched a wave of public relations campaigns against electricity, preaching the danger of this new technology and possibly even death. Rockefeller said that electricity may cause large-scale electric shock deaths and uncontrollable fires. He knows that as long as it can scare the public, kerosene can continue to dominate the light source.
The reason why Standard Oil is vigorously internationalized is also due to the pressure of Morgan's development in the electrical field. While maintaining profits while fighting for Standard Oil's time, Rockefeller and Morgan are far from the relationship between well water and river water.
But all of this was broken by a southern giant. At the beginning, the southern landlord also participated in electrification, but then with the progress of the automobile field, it became more in line with the interests of Standard Oil. All Carnegie looked at it. I was also amazed in my heart, just as Rockefeller seized the oil, and the young man in the south seized the car.
Carnegie does not mean to appreciate Sheffield. This appreciation is to establish that he really wants to leave. If his heart is still in his career, he will only be hostile to the new competition, no matter what field the competitor is in. . Before pulling away, he also wanted to see a grand performance, seeing the head of Morgan and Rockefeller who had been in front of him breaking blood, and also want to see the king of the emerging industry in the south. Is there anything? Dazzling performance.
"Little Morgan came here to raise prices, as I just said, you and I are already enemies of Morgan's father and son." After hearing the news that Little Morgan led the delegation to Pittsburgh, Sheffield concluded that this matter had already happened. It ’s not like being able to fool the past rhythm, and constantly complaining to Little Rockefeller,
You ’re regarded as pulling my company into your chariot.

"William, don't you think that a company has developed to this point, and will it not be guilty of any other company? You might as well find a country without competitors, all industries are considered by you." Rockefeller Jr. chuckled. , With his hands in his arms, "In fact, who would like to offend opponents like Morgan? I am not willing, just like the impact of electrification on oil lamps, is it not acceptable for standard oil, is it because of the development of electrical standards? If the oil business is affected, will it stop developing? "
Sheffield didn't speak. Of course, he knew what Rockefeller Jr. had said, but he really wanted Morgan and his son to make trouble once. After letting go of his horse, he always felt that he didn't have the strength to fight the Morgan alliance.
And this extravagance was broken mercilessly by Little Rockefeller. "A company started by buying and selling population and labor, the heirs can't be so naive. Expect the opponent's brain to expand and expand their own industry? How can the joint company grow to such a large size?"
"I'm not naive, but something that can be easily obtained, who wants to spend more money!" Sheffield said with a cold face, "I don't have a strong financing channel, and the United Banking industry in Los Angeles is not strong. At least with Rockefeller. , Morgan and even the Bank of Boston, Carnegie ’s bank friends ca n’t be compared.

The short board of the United Company is really short, but it is a little bit longer than the DuPont family that is not involved in the financial industry at all. If you want the short board to grow slowly, does it take time!
"Then we'll pull up the price and retreat!" Rockefeller Jr. looked at Sheffield with little confidence and said, "I set the purpose to make Morgan pay more money to succeed."
"No, come here! Now I don't know how many people are watching!" Sheffield categorically refused. "If you pretend to resist and evacuate, will such a big battle spread out, will Standard Oil and the United Company still have a little prestige?" If the federal court thinks that our merger is unreasonable, the withdrawal is okay, because we lost to the federal government. But opposite is Morgan, let us two big companies lose to a banker, Morgan can not go to heaven?
Just when the two of them came to discuss because of the small Morgan delegation, a loud noise outside the hotel came into their ears. Let the bodyguard go out and take a look. After a while, Jesra returned, seemingly indifferent, not knowing how to speak.
Finally Sheffield had to take the initiative to ask, "What the is going on? Is there a shooting?"
Sheffield thought that there was a little bit of my own national situation in the United States, and I liked the shooting.
"Boss, that's not the case!" Jesra finally put away the peculiar expression on his face, and said slowly, "It's the Carnegie Steel Company. They greeted the team led by Little Morgan and just selected the hotel for the arrangement. At our hotel. "
Rockefeller Jr. and Sheffield looked at each other, and the poker face was silent for a long time, and they said at almost the same time, "deliberately ..."
"That's right!" At the same time, another simultaneous blurting out, Rockefeller Jr. and Sheffield both looked ugly, and even looked at each other, meaning how you learn from me!
Put two teams of competitors in a hotel. Who believes that it is not intentional? The two could almost imagine the old man in the Carnegie Steel headquarters office now laughing wildly, waiting for the show to begin.
This situation simply reminded Sheffield of the Iran-Iraq team during the Iran-Iraq war, in which the military factory was assigned to a hotel.
But this is a pit, the two can't go now, even if Carnegie has a bad taste, they are also holding a steel company worth hundreds of millions of dollars out there, what should I do!
"It seems that you said that the conflict between the Rockefeller family and Carnegie has long been resolved, but you think unilaterally, at least Carnegie doesn't seem to think so!" Sheffield can only have fun, facing the same rocky little Rockefeller Ridicule.
At this moment, the people of Carnegie Steel gently knocked on the door. After getting the approval, they walked in very politely and nodded to the two before they said, "Dear Mr. John, Mr. William, I 'S boss invited the two to dinner. "
"We are extremely honored!" The two squeezed out a smile that was uglier than crying, and there was a big pit in front of them, and they had to jump in bravely.