Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Historic -> Beiyang 1917

Volume 1 New York Story Chapter 38 Manhattan Industrial Bank

Previous page        Return to Catalog        Next page

    Update time: 2012-06-19

    "Jack, I am very grateful for your care and love for me. At this moment, you are like a kind elder rather than a financial tyrant who can make Wall Street look bad. Please believe me, even if I return to China in the future, it will be for the progress of all mankind.  and construction, our cooperation will not end!¡±

    Wang Geng looked at the head of Morgan in front of him without blinking.

    "But I'm thinking in my heart, Damn, I didn't expect that the financial czar also has a warm side, but my roots are in China. When I control a country, you will know that your Morgan family is just a shoal to me at this moment."

    "Young man, if you stay in the United States for development, I believe your future is limitless. But when you return to China, your foundation in all aspects is too weak. Neither your Li Hongzhang nor the later Yuan Shikai can  Bring China out of the quagmire. Although you are an outstanding student at West Point now, when you return to China, you will only be able to reach the position of brigade commander and division commander within a few years, and you will have no say in national affairs! "

    ????????? Jack Morgan is quite discerning. If Wang Geng returned to China and just became a soldier, it would be an incredible achievement to become a division commander in a few years!

    After all, even if General Pershing, the model who rose to the top among Americans, was promoted directly from captain to brigadier general, it was twenty years after graduating from West Point. He was promoted from brigadier general in 1906 to major general not long ago.  Pershing spent another ten years of work!

    Even if Wang Geng is an outstanding student at West Point, if he returns to China where warlords are everywhere and grass-head kings are everywhere, it is still unclear when he can become a major general and division commander!

    "Jack, we have a saying in China that everything depends on human effort. Originally, you and I didn't have to talk about things in such a distant future, but I hope that I will always be a good friend of the American people. I also sincerely hope that the friendship between you and me will last forever.  God, the United States has its own historical mission to the world!¡±

    Wang Geng looked at the head of Morgan with firm eyes and said word by word,

    "Just as Jack and your family have an inescapable responsibility to the American people, since I am a Chinese, I do not want to shun the historical mission I shoulder. Although the future is unpredictable, since I have come to this world, my life  You have to fight once. Besides, if things really don¡¯t work out, I can at least come back to the United States and work for you on Wall Street, right?¡±

    "Wang, your words remind old Jack of his youth. Almost twenty years ago, I was sent to London by my father. For a while, I was still undecided about whether to choose the UK or the United States as my first priority country.  Minnie said at that time that she would marry an American daughter-in-law and a British daughter-in-law in the future!" Old Jack was obviously touched by Wang Geng's speech, which he had cherished for a long time.

    "Jack, I don't deny that I have great ambitions and strong self-confidence, but I am not a reckless person. In fact, you can also see that I am moving forward slowly and firmly step by step. Please believe that I will  I value the friendship and cooperation between you and me. I believe that even if I return to China, it will not be the end of our cooperation, but a new beginning!¡±

    Wang Geng talked calmly, but in his heart, he thought, so what if I am the agent of your Morgan consortium in China? Anyway, what I want to do is to borrow chickens to lay eggs and use American capital to build in China. How can I do that?  When the railways were built and the mines were repaired, could you move back to the United States?  !

    "Okay, young man, please remember that you are the talent I am optimistic about. No matter when, Old Jack will always have a place reserved for you! Missing you will become Old Jack's lifelong regret! If you are sure that Xia Tian will  There is really not much time left to return to the country. Apart from the Russian national debt, what are your next plans? "

    Jack Morgan¡¯s voice was low, and his regret was palpable. Of course, he had already inquired about Wang Geng who had been studying in the United States for seven years, but he still didn¡¯t seem to have a girlfriend. Maybe Vivian could keep him by then?  A long shot, but worth a try!  Old Jack is quite confident in his daughter's appearance and charm!

    "The first step is of course to establish an investment bank and sign a partnership agreement between you and me. Your funds will arrive and the investment bank will be established. How about we call it Manhattan Industrial Bank first?" Wang Geng breathed a sigh of relief.  I was entangled with the old guy in front of me over the issue of returning to my country!

    "Great, let's call it Manhattan Industrial Bank. What's the next step? Should we reorganize Anderson's Pfizer under the name of Manhattan Industrial Bank?" Jack Morgan said while writing on a note on his desk.

    "Yes, the first step is to establish Manhattan Industrial Bank and complete the investment cooperation agreement between you and me. The second step is to reorganize Pfizer as Manhattan Industrial Bank. In addition to investing in the new citric acid process at a discount, it will also require an injection of about 200 yuan.  Thousands of liquidity!¡±

    Wang Geng counted on his fingers?, he is not like old Jack who likes to take notes with him at all times. This guy's brain is surprisingly good now. Unless he needs to write something to others, he plans to keep it in his own mind.

    "Are you going to invest $2 million from Manhattan Bank's capital into Pfizer?" Jack raised his head and asked.

    "Originally, that's what I thought, but now I'm afraid that the funds on the national debt front will not be enough by then, so I plan to do a corporate bond underwriting business first!" Wang Geng said with a smile.

    "Huh? Are you planning to let the reorganized Pfizer issue corporate bonds? And then use your own Manhattan Industrial Bank to underwrite the bonds?" Obviously, Jack Morgan, an old fox, is not simple at all, and has long seen Wang Geng's intention.

    "That's it. When we sound the alarm on Russian government bonds on Wall Street, the funds that panicked and fled from Russian bonds will inevitably find new cover targets. At that time, in addition to government bonds, the market prices of corporate bonds of high-quality companies will also  A rising tide lifts all boats, and now international capital is afraid to invest in war-torn European countries!¡±

    "Therefore, American citric acid giants like Pfizer, which leads the industry, have always been pursued by capital. Pfizer's restructuring and the invention of a new citric acid process will be huge good news for the citric acid market, and people will flock to it.  And here comes the chase for Pfizer¡¯s bonds!¡±

    When Wang Geng got excited, he couldn't help but stand up and spin around in front of Old Jack's desk.

    This guy must have made this wishful thinking early on, and he¡¯s just saying it now!  They just want to blackmail me out of $22 million first!  Head Morgan showed a wry smile on his face!

    Damn it, Wang Geng looked at the look on Old Jack¡¯s face, and of course he knew what the old man was thinking. The guy smiled and said,

    "I didn't keep silent just because I want to sell my invention to you at a high price. It's true that I just thought about it. Don't be the same as me. To be honest, the more funds you inject into Manhattan Industrial Bank, the more money you will have.  The greater the responsibility on me, the deeper and stronger our cooperation will be.¡±

    "Glib words! Well, I won't argue with you about this. Just like your cooperation with Pfizer is for old Anderson and his team, the cooperation between Old Jack and you is for Wang Geng.  , please continue!" Old Jack waved his hand generously.

    ¡°Oh, if I don¡¯t get $50,000 from Edison first, how can Anderson easily believe in my abilities?¡±  If I hadn't reached a US$11.2 million cooperation agreement with Pfizer, would you, Jack, have so easily spent US$22 million to inject capital into Manhattan Bank?

    Of course, the returns your Morgan family gets from cooperating with me are much greater than the $22 million investment. Just the Russian bonds I told you about, how much loss can it save for you and the Morgan consortium, and how much can it do in the future?  How many 22 million can you earn from selling high and buying low?

    Wang Geng slandered and continued,

    "After Pfizer's reorganization, its nominal total assets will reach US$17.2 million, of which the discount for my invention is US$11.2 million. Therefore, I consider that the new Pfizer can at least issue corporate bonds equal to the total assets. Even if it issues US$10 million in bonds,  Then the asset-liability ratio is only 58%!¡±

    "If it is done properly and the good news is combined with the road show of corporate bond issuance through the press, it is not a problem to issue corporate bonds of 15 million US dollars. You must know that the net profit of New Pfizer in the next year will reach more than 10 million  Dollar!"

    Wang Geng¡¯s words were full of confidence.

    "If everything goes well and Pfizer's annual output reaches 22 million pounds in the first year and its net profit exceeds US$10 million, then at the beginning of the second year, Pfizer's total assets will reach US$27.2 million. Even if it issues 1,500  With millions of corporate debts, the new Pfizer¡¯s asset-liability ratio is only 55%.¡±

    What Jack Morgan saw in the young man in front of him was not what he looked like when he was young, but what his father looked like when he was young.

    "No one else but me, with a hundredfold confidence and no plan left, is the true portrayal of the young man in front of me!"

    Am I really old?  The head of the Morgan family, Jack Morgan, who is only fifty years old this year, can't help but think so!
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report