Chapter 132 The United States is JP Morgan's after all

Before going to the United States, Hu Chuyuan extracted 65 million taels of silver from his companies, or about $97.5 million.

This is a real huge amount of money.

If you want to buy a 10-storey office building on the most prosperous avenue in New York, the current price will not exceed 2 million US dollars.

The selling price of the New York Times is only 210,000 US dollars, which is still because there is not enough negotiation time to buy it in a hurry. The Washington Post offers a lower price of only 70,000 US dollars.

At Christmas, the New York stock market announced a three-day shutdown, which gave the U.S. stock market a respite. However, it only accelerated the spread of news and the withdrawal of capital.

After the reopening of the market on New Year's Eve, the New York stock market continued to decline, and 90% of the market value has disappeared.

Hu Chuyuan originally brought $97.5 million to run the Auckland industry and acquire banks. Now that he encounters such an opportunity, he doesn't want to miss it and begins to absorb those high-quality stocks at a low price.

In the current era, there is almost no way to judge whether a stock is excellent. The stock market is full of fake news and false accounts, and there are not many real good companies that choose to go public.

Hu Chuyuan did not choose to enter the market directly. Through Fister Delano and Albert Russell, he continued to contact those banks with extremely tight capital chains and acquired bank shares at a low price with the promise of low-interest loans.

He also targeted JP Morgan and Andrew Mellon, because neither of them could hold shares in the junk company and constantly invade their territory.

Opportunities are always reserved for those who still have a huge ship in the flood.

Wells Fargo, San Francisco National Savings Bank, Boston National Trust Bank, Los Angeles Intercontinental Bank, New York First Bank, Manhattan Bank... are all asking for help, and their wooden boats are full of holes.

Hu Chuyuan took priority to take 51% of Wells Fargo in California, reorganized CITIC Investment Company in North America into Wells Fargo Investment Bank of North America, and then targeted the two top-performing stocks of New York First Bank and Manhattan Bank. Through a fight with Wall Street, he took the two banks in just three days. Most of the shares are eaten.

When he got most of the stocks of Wells Fargo, First Bank of New York and Manhattan Bank, it means that he got the contacts in the market. Through the bank's information, he can quickly see where the major high-performing companies in the United States are.

Five types of stocks: banking, steel, mining, railway and shipping began to become the main targets of Hu Chuyuan.

Shortly after Hu Chuyuan carried out a bottom-up on the U.S. economy, on February 7, 1882, he received an invitation from John Sherman to go to Washington for a secret meeting.

This face is to be given.

Hu Chuyuan left New York and went to Washington with Wu Shuzhen and Rong Hong to stay at the Washington Hotel. That night, they visited John Sherman's house.

The situation is almost the same as last time, but there is one more guest, the chairman of the U.S. House of Representatives, Ronnie Faljos, a member of the Mingzhu Party.

Their purpose is obvious. They are all eager to reach an out-of-court settlement between the American Chinese Association and the United Pacific Railway Company. In order to avoid other railway companies from suffering similar prosecutions one after another, President Chester Arthur proposed a new settlement bill, that is, the U.S. political axe will bear the responsibility for debt claims. After investigation and verification, a surname compensation will be given to the deceased and disabled Chinese workers, and the state prosecutors will hold the relevant personnel accountable.

In other words, it is changed from a criminal self-inspection complaint to a criminal public prosecution of a procuratorial agency, and the Chinese also reserve the right to criminal prosecution and can still prosecute criminal responsibility.

Through the consultation of moderate members of the two parties, they are willing to quickly pass a bill in China to establish a Chinese Labor Administration, which is responsible for the full implementation of the matter, and appoint Wei Lianshi, a former U.S. minister in the Qing Dynasty and a professor of Sinology at Yale University, as the director of the Administration.

If the National Chinese Association is willing to accept these conditions, the U.S. Congress will not propose a similar Chinese exclusion bill and introduce a more relaxed Chinese Immigration Administration Act. At the same time, President Chester Arthur will grant amnesty to existing Chinese in the United States and allow existing Chinese to have permanent residence.

Hu Chuyuan did not reply immediately.

After returning to the Columbia Hotel, he discussed with Rong Hong alone for half an hour and sent a telegram to George Kathef to ask what the chances of winning the case were.

George Kasef's meaning is very simple. If it is converted into a criminal prosecution, it will be accepted directly. The key is how much the claim for out-of-court settlement is. According to the precedent system of U.S. law, this will directly determine the compensation standard of the Authority.

Rong Hong also means this. It is acceptable, but you can't relax in the claim amount. If you can, you can ask for more.

After having this foundation, Hu Chuyuan gave John Sherman a vague answer. If the compensation for the out-of-court settlement is reasonable, then... the settlement is acceptable. In addition, the American political axe must provide a piece of land in the San Francisco Bay to establish the American Railway Chinese National Cemetery to bury those who are because of the American iron. A Chinese worker who died in a foreign land due to road construction.

Hu Chuyuan keenly felt that the New York stock market had reached the bottom and could rebound... As long as the settlement was reached, he sent a telegram to Fister Delano and Albert Russell, allowing them to enter the market through several banks and their respective securities trading banks.

When he gave this answer, the next day, JP Morgan came to the Columbia Hotel in person and asked to secretly negotiate the specific amount of compensation with Hu Chuyuan in private.

JP Morgan is JP Morgan. At the age of 45, he is at the most perfect moment in his life. Whether it is experience and mind, reputation and connections, he is so chubby that he has long had gray hair, but he also has a black beard and an asymmetrical round face.

Hu Chuyuan originally wanted to use procrastination tactics to simultaneously complete the bottom-copying attacks on JPMorgan's banks, and JP Morgan directly agreed to the claim standard proposed by Kassev Law Firm, with a compensation of $12,000 for the deceased Chinese worker and $3,000 to $8,000 for the surname of a disabled Chinese worker. The total compensation is 57.38 million US dollars.

It's not easy to procrastinate.

JP Morgan also has conditions. These compensations can only be paid in five years in installments, with an annual interest of 3.5%.

Hu Chuyuan agreed, but asked to pay half of the first installment.

The two sides began to entangle for half an hour, and JP Morgan finally agreed.

JP Morgan knows very well that the more it drags on, the more unfavorable it will be to the U.S. economy and to him and other bankers.

The first fight between the two in the United States ended so briefly. In less than an hour, JP Morgan returned to Wall Street with good news.

Hu Chuyuan handed over the follow-up to Rong Hong, who almost took the same train back to Manhattan.

When they met again on the train, Hu Chuyuan was looking for his seat, and JP Morgan was smoking a cigar in the opposite box. He usually didn't smoke much. Today is really a special day.

Seeing that Hu Chuyuan did not hesitate to take an ordinary seat to return to New York at the same time, JP Morgan generously invited him and Wu Shuzhen to the box and gave Hu Chuyuan a cigar.

Hu Chuyuan asked for a cup of tea.

Neither of them talked much.

After a while, the train was on the road, and JP Morgan suddenly asked, "I heard that you have acquired the Bank of Manhattan?"

Hu Chuyuan didn't say anything.

Well, he admits that he is more afraid of such legendary characters, so silence is better than silence.

JP Morgan continued: "Welcome to Wall Street, young man."

Hu Chuyuan pouted and said, "Thank you."

JP Morgan said vaguely, "Welcome to the United States."

Hu Chuyuan thought that the news that he had American nationality should have been leaked. It must have cost JP Morgan a lot of energy and money to find out this kind of thing... It is also possible that some people deliberately leaked it to him.

He thought for a time and said, "Thank you."

JP Morgan looked at him coldly and suddenly said, "We can cooperate. The market is always big. You don't have to keep an eye on the companies I hold."

This is going to be explained.

Hu Chuyuan said, "I don't want to do this, but I believe in your vision, especially when I don't know the American market... I believe in your choice. This is the simplest investment method!"

"Well, out of trust in me..." JP Morgan slowly stretched out his hand to Hu Chuyuan and continued, "We can cooperate completely!"

Hu Chuyuan held his hand and felt a little nervous.

JP Morgan's hand...

After such a superficial contact, Hu Chuyuan slowly began to say a few words, but he didn't want to say anything about his plan. He just wanted to ask JP Morgan what he was going to do.

JP Morgan did not hide that he wanted to save the U.S. stock market.

He wants to save the city.

To save the market is to save himself, all the bankers he knows, and those who are completely willing to cooperate with him.

After the train arrived in New York, Hu Chuyuan left the train. In the passenger flow hall, Wu Shuzhen asked him quietly, "Are you going to cooperate with him... JP Morgan?"

"I don't know!"

Hu Chuyuan said the truth, but he understood one thing that if JP Morgan was ready to save the market, it would be completely possible.

When he returned to the hotel, he told Albert Russell a decision to fully bottom out the U.S. stock market - he didn't care whether he wanted to save the market or not. He just planned to make a lot of money and leave. The United States will always be JP Morgan and Rockefeller, which cannot be changed.

Just like the Chinese market is always his.

The New York Times and the New York News took the lead in disclosing that the United Pacific Railroad may reach an out-of-court agreement with the National Chinese Association. A large amount of funds began to return to the market, and the New York stock market ushered in a rebound on the same day.

Hu Chuyuan put the remaining funds into the stock market. With the intervention of him and other large funds, the New York stock market also rose for six consecutive days.

This is probably the most strange experience in the history of the U.S. stock market. The one-month-long plunge has been exchanged for a continuous daily limit-up.

This is a miracle.

Hu Chuyuan really didn't imagine that he would experience these things when he came to the United States for the second time, which was far beyond his imagination, but it also made him realize that the U.S. financial market is a hundred times more complicated than that in China.

He can turn his hands into clouds and rain in China, but he can only be a supporting role in the United States.

These days, Hu Chuyuan has been staying at the Manhattan Imperial Hotel, constantly injecting capital into the stock market through the Bank of Manhattan and the First Bank of New York. During this period, JP Morgan always revealed the news to Hu Chuyuan through several suitable pipelines and joined hands to inject capital into many companies such as Cleveland Steel, Detroit Coal Mine and Pennsylvania Rail.

Hu Chuyuan tacitly cooperated with these actions, but he just wanted to cash out and leave as soon as possible.

That night, after the stock market stopped, Hu Chuyuan gave him some time to silently think about what to do next.

The United States is JP Morgan's. He already knows very well that he makes a lot of money and continues to go back to his world to fight. This is what he wants to do.

After Albert Russell and others left, Wu Shuzhen stayed in Hu Chuyuan's room, cut an apple for him, cut it into small pieces and put it on a silver plate, and put some salad dressing on it.

Looking at Hu Chuyuan sitting in the sofa in front of the balcony, silently looking at the evening view of Manhattan through the windows and balcony, he closed his eyes from time to time and thought, clearly calculating the new steps.

She smiled shallowly.

She has been around Hu Chuyuan for so long, and she can't figure out how many days she has. She seems to especially like this wonderful tranquility.

She likes to look at Hu Chuyuan's meditative appearance.

She thought that this guy is like a philosopher in the financial market, young but calculating, but not the kind of cunning and insidious calculation, full of great wisdom and long-term strategy.

She likes such a man.

It's just that sometimes she also feels sad for Hu Chuyuan.

JP Morgan is also a patriotic financial oligarch, but Hu Chuyuan works more than him. Even the diplomatic negotiations of the Qing court have to be undertaken by Hu Chuyuan. Fuzhou shipping administration, tea industry, silk industry... are all on Hu Chuyuan.

She knows how busy Hu Chuyuan is.

In the past few years, she has hardly seen which day Hu Chuyuan is on holiday. Occasionally, she can take out a few interesting antiques from Rongbaozhai for a while, which is already a rare short vacation for Hu Chuyuan.

Poor guy.

She sighed silently in her heart.

The sun was gradually setting. Wu Shuzhen served a cut plate of apple salad to Hu Chuyuan. Yingying smiled and said, "Okay, take a rest for a while. Let your head stop and eat something."

Hu Chuyuan hummed, ate two pieces of fruit with a toothpick, and chewed, thinking about something in his heart.

Wu Shuzhen couldn't help asking, "Do you know what day it is today?"

Hu Chuyuan asked curiously, "What?"

Wu Shuzhen smiled and said, "Many years ago, in the ancient Roman Empire, because of the war, a young man and woman decided to get married before the man went on an expedition, but the priest refused to preside over the ceremony for them. Later, the man died in the war, and angry people stoned the priest to death. From then on, every year today, people will hold a celebration to commemorate the priest and the young men and women. It's today."

She said with a smile, took out a beautiful box from her side, and said, "Happy Festival, this is a gift for you!"

Valentine's Day?

Hu Chuyuan thought suspiciously in his heart that when he counted the time, it was indeed Valentine's Day.

This is a little embarrassing.

He still took the gift box over and opened it. He saw that it was a silver pocket watch made in Switzerland. It was very beautiful. On the front was a dragon floating cloud map of Daqing silver circle, engraved with Hu Chuyuan's Chinese name on the back, and the date and number of the customized.

Just looking at the workmanship, Hu Chuyuan knew that Wu Shuzhen had spent a lot of money.

He couldn't put it down and played for a moment, and then sighed, "It's so beautiful. Unfortunately, I didn't prepare a gift for you... It doesn't matter. Wait a few days, I'll give you a suitable gift, which can be regarded as compensation."

Wu Shuzhen smiled understandingly and said, "I know you are busy, and you don't know this custom. It's a rare opportunity to make money recently. Don't miss it. Don't be distracted by this little thing!"

Hu Chuyuan secretly praised in his heart.

He thought for a moment and said, "Let's go to Central Park in New York for a picnic tomorrow. Anyway, there is nothing special for the time being."

"Good!"

Wu Shuzhen smiled faintly. She has always wanted to go to Central Park.

(to be continued)