Header Background Image
    Chapter Index

    

    < Two Stars (1) >

    The antitrust ruling brought about many changes in New York.

    Rockefeller had to break up Standard Oil which was like his own child into pieces and some investors including the Rothschilds suffered huge losses by short selling.

    This ruling brought tears to the eyes of many capitalists in New York.

    But is this still not enough?

    It did not stop at the United States but began to spread across the ocean and affect other countries.

    The economies of each country were shaken as the Rothschild family withdrew their money to cover the losses they had incurred from short selling.

    “Prime Minister. I am truly sorry to have to report such bad news from the first cabinet meeting.”

    May 8 1911 was a historic day for the Qing Dynasty.

    Emperor Xuanzong became emperor at the age of just three.

    Since it was impossible to expect such a young brat to play the role of an absolute monarch the Qing court attempted to reform itself by forcibly pulling out the card of a constitutional monarchy.

    And today.

    The new cabinet was just about to take office but bad news began to pour in from the first meeting.

    “Baron Rothschild has withdrawn his promise to provide the loan.”

    “What? Why did the Baron who was friendly to us make such a unilateral notification to the Korean court?”

    In order to attract money from the West they even wore the unsuitable mask of a constitutional monarchy.

    however.

    Less than a month later Prince Gyeongchin Hyuk Gwang was hit on the back of the head and his head became numb.

    “It seems that something has happened to the Baron’s side. I heard that he has requested early repayment of the bonds not only from us but also from nearby Japan.”

    Japan has a huge debt to the Rothschild family that is incomparable to that of China.

    Since the maturities are different it will not lead to immediate bankruptcy but as time passes it will urge early repayment.

    The appearance of Tokyo was not at all good either.

    “You sold 30-year bonds last month and are demanding repayment this month? Ha! Oh my. I really can’t understand the minds of these people.”

    Is it because their complexions and situations are similar?

    Hyuk-Gwang felt compassion for Japan.

    Prince Gyeongchin who became the new Prime Minister visited the Minister of Finance at home and asked him the reason for his visit.

    Get notified for updates: https://discord.gg/93rmBjgP6B

    “Does Your Majesty know what Yang Yi’s intentions are? I would like to hear the reason behind it.”

    “that is….”

    The majority of the current cabinet officials are members of the Qing imperial family.

    In short he is incompetent but he was born with a silver spoon in his mouth and is sitting in this position.

    “I don’t know. Then Your Majesty what about you?”

    “Prime Minister. Let me explain.”

    Seong Seon-hoe the head of the Ujeonbu.

    He is one of the few Han Chinese in a cabinet full of Manchurians.

    Since he also came from an entrepreneurial background he was sensitive to outside information.

    “Short selling? What is that? Explain it to me in simple terms.”

    Seong Seon-hoe lightly swept his forehead and then opened his mouth.

    He explained the Rothschild situation to his cabinet members in the simplest possible terms to the clueless Manchu imperial family.

    “So you’re saying that damn sheep gambled recklessly and lost a lot of money?”

    “Yes that’s right.”

    “Heh heh.”

    Prince Gyeongchin Hyukwang made a disgusted expression on his face because the reason was so pathetic.

    What Hyukwang hates the most is.

    The first is opium.

    The second one was gambling so it was even worse.

    “Anyway this is why businessmen without any basis are not good.”

    Hyukwang suddenly stopped talking.

    Because Seong Seon-hoe who was a merchant was standing right in front of him.

    “Ah! That’s not what I told you to hear. Please don’t take it to heart.”

    Hyukwang quickly tried to change the subject.

    He called his cabinet members together and asked for their opinions.

    “You all know the current situation because you just received a report. Okay. Please give me your opinion on how to procure the funds that are lacking.”

    “Prime Minister.”

    “I am listening Minister of Foreign Affairs.”

    Yang Dunyan another Han Chinese began to present his argument with a cautious expression.

    “Do you know a country called Joseon?”

    “Isn’t it a small country on the border that was once a vassal state of our Qing Dynasty? It is currently hiding behind Japan and has created the Korean Empire.”

    “Yes that’s right.”

    Yang Don-eon recently mentioned a person who has become a hot topic in Qing.

    “It is said that the second son of the current Joseon king is staying in the United States. His name is Lee Kang.”

    “Lee Kang?”

    “Yes. I seem to have quite a knack for making money. Rumors are going around in the southern region that I’ve lined my pockets quite a bit.”

    Shanghai and Hong Kong are foreign concessions.

    Join our discord and ping me to update more chapters. Discord: https://discord.gg/93rmBjgP6B

    It is moving towards becoming a financial center in Asia.

    Since it was a place frequented by many Western capitalists it was only natural that a lot of Western news would spread there.

    Since Lee Kang was the only Asian who was currently doing well in the United States it was natural that Westerners would talk about him first when they visited Hong Kong or Shanghai.

    “How about talking to him?”

    “Prime Minister.”

    Seong Seon-hoe opened his mouth.

    Although they seemed to be close because they were of the same ethnic group Yang Don-eon and Seong Seon-hoe were opposing factions.

    “Don’t take it too lightly. He’s not the type of person to lend us money easily.”

    Seong Seon-hoe advised that Lee Kang should be careful adding the reason behind it.

    “He owns the rights to operate Mancheol?”

    “Yes. Didn’t he build another Manchurian Railway line to counter the Japanese Kwantung Army? Although the shares are divided into small pieces he has the largest number of shares so he can be considered the actual owner.”

    Seong Seon-hoe’s eyes sparkled and he warned the cabinet members about how scary Lee Kang was.

    “Furthermore he tricked the United States and Britain into changing the territory of Gando into a communist territory without any ownership. The fact that Gando is the main site of activity for the rebels is proof of this.”

    “That means there’s a high probability that they’re interested in our country’s territory.”

    “yes.”

    A series of warnings from the Holy See.

    But unfortunately.

    The new Qing cabinet which was comprised mostly of Manchu imperial family members simply turned a deaf ear to Shengshenhui’s criticism.

    Because they thought that even if the prince of an old vassal state was good how good was he?

    The so-called Sinocentrism.

    Although the Manchus are not Han Chinese their ideology has already been almost assimilated into the Han Chinese.

    I was still having these annoying thoughts.

    “Although it is a territory Gando is currently a blank space where no country’s administrative power can reach.”

    “Furthermore there are few buried underground resources and since it is adjacent to the Korean mainland the Japanese army could easily cross the Tumen River.”

    “I think it would be better to hand this over to the prince through negotiation.”

    Starting with the Minister of Finance the Minister of Civil Affairs and the Minister of Cooperation agree with the Minister of Foreign Affairs’ opinion.

    This was because negotiations with Lee Kang seemed easy and there were no other ways for money to come out.

    “Will this prince listen to our proposal?”

    Prince Gyeongchin who was the Prime Minister was a relatively intelligent person.

    He tilted his head as he recalled the current situation in Gando.

    “The reason the prince is interested in that place is probably because Gando is an ambiguous blank space. Since Japan is keeping an eye on the US UK and Russia and is not setting foot there the rebels can operate without any worries. Am I wrong?”

    Hyuk-Gwang narrowed his eyes and analyzed the current situation again.

    “If we hand this over to Joseon the Japanese military will definitely claim it as their territory. If that happens this prince will also oppose it.”

    “Then how about we try to negotiate the details through secret negotiations?”

    “I think it would be better to think about this little by little.”

    The detailed details are originally determined by those below.

    The head of the cabinet only provides general directions.

    Prince Gyeongchin thought so and quickly looked at the faces of the other cabinet members.

    “By the way because of that Rothschild bastard’s change of heart the national treasury is now empty. Is there no other way to overcome this?”

    The deputy prime minister Seong Seon-hoe opened his mouth once again.

    “How about nationalizing the railways?”

    “nationalization?”

    “Yes. The current government is building railways under private initiative. It can be built without spending a single penny of the budget but it is difficult to manage the railways efficiently because the operating entities are all over the place.”

    Seongseonhoe listed the advantages of nationalization.

    Even the opposition’s Foreign Minister Yang Don-eon was unable to raise a rebuttal.

    “Why don’t we nationalize it now and issue bonds to distribute to the original owners? It would also be easier to raise additional foreign debt. Don’t you know? Morgan another loan negotiator along with the Baron was very interested in our country’s railroads.”

    Nationalization means transferring the people’s property to the state.

    The repercussions of such policies are enormous.

    But until yesterday the Qing was a medieval absolute monarchy.

    It means that all property in the Qing Dynasty belongs to the emperor.

    That is why the Qing cabinet members did not consider the railway lines already built in the Qing to be the private property of the people.

    “As expected he is the Minister of War. He is very knowledgeable about numbers perhaps because he came from a business background. That method is good.”

    The operating rights will be confiscated and government-issued bonds will be given to the original owners.

    Sounds plausible though.

    Naturally some opposition was expected so Prince Gyeongchin asked about the status of the recent civil unrest.

    “Ah! You mean the riot that happened in Guangzhou last month? How was it handled?”

    “The leadership has been arrested in large numbers and put on trial. Most of them will probably be sentenced to death. However….”

    Prince Sukchin the Minister of Civil Affairs is slightly hesitant.

    Prince Gyeongchin Hyuk-gwang glared at Seon-gi with a sharp gaze and urged him to answer.

    “but?”

    “Unfortunately we were unable to arrest Sun Yat-sen who was known as the leader of the party.”

    “What?”

    “That bastard ran away to America so I lost him.”

    “Tsk tsk.”

    Hyuk-kwang looked at Seon-gi pitifully.

    He clicked his tongue and shook his head from side to side.

    “The embers must be extinguished. That bastard will surely return to Qing and cause trouble someday.”

    “First I will issue a wanted notice nationwide.”

    After the meeting.

    Prince Gyeongchin Hyeokwang headed to Daejeon to meet the emperor.

    “Ugh. I don’t want to study.”

    The five-year-old emperor whines that he does not want to learn Chinese characters.

    Looking at that kind of preemptive strike another wrinkle appeared on Hyukwang’s forehead.

    “We need to get our mandate back quickly so we can stop seeing those damn rebels being set up.”

    Hyukwang sighed and looked at the sunset.

    The sun is setting beyond the Forbidden City.

    It was exactly like the current Qing Dynasty.

    * * *

    “There are so many properties coming onto the market like crazy.”

    Dragon’s shell keeps appearing in New York City markets.

    I chuckled and looked at the items Rothschild had put up for sale.

    “From the skyscrapers of New York to the farms of the American Central Plains to all kinds of patented technologies everything that can be made money is out there.”

    The Baron seems to be in a hurry.

    Rockefeller who was watching from the side nodded in agreement with my opinion.

    “Well if it’s to the point where it’s genetic doesn’t that mean everything has been said?”

    Rockefeller scratched his cheek and squinted his eyes.

    “By the way it is truly amazing. When word got out that the prince was interested in the Baku oil fields the baron quickly took them off the market.”

    I know.

    You’re secretly reading my every move.

    I shrugged and looked at Rockefeller.

    “There was a rumor that there was more crude oil near the Baku oil fields… I paid attention to it for a moment. How did they find out about it and take it back?”

    The Baku oil fields are in Russia.

    It is a representative asset that has become a scrap of paper due to the Red Revolution.

    In an attempt to provoke the Rothschilds they spread false rumors that there may be additional oil reserves buried near Baku.

    It got caught on my line like a stupid fish.

    “But perhaps because they were short on money they never gave us the Romanian oil fields.”

    “Thanks to that I was able to buy Romanian oil fields very cheaply.”

    “Yes. Didn’t your company engage in bribery through a consortium?”

    The SOCAL I had.

    And Rockefeller’s ESSO and SOCONY.

    And there’s even a Royal Dutch Shell there.

    The four companies joined together to buy up Romanian oil fields owned by the Rothschilds.

    “But it seems like the fire hasn’t been put out yet. There are still properties coming up for sale.”

    Although the damage was reported to customers as $20 million rumors are that the damage is more than $50 million.

    Some philanderers who love to talk about other people’s situations have said the damage could increase to as much as $100 million.

    ‘They’re going to put everything out there and only sell the bank shares in the end.’

    In fact it seemed like some people had been offered this.

    of course.

    It is not a bank owned by the Baron but rather a minority stake in another bank in which he has invested little by little.

    I concentrated and double-checked the list of items the Baron had put out.

    Rockefeller warned me about this.

    “This prince.”

    “Tell me.”

    “The Baron is a man of great ability.”

    yes.

    His ancestors spread seeds all over America.

    Since it is only spread on the octopuses there must be a considerable amount of hidden wealth that is not revealed.

    “Furthermore the Austrian mainland is just watching this now but we don’t know when it will intervene again.”

    “okay.”

    “It was a very good choice to maximize the Baron’s losses by opening an exit for Morgan.”

    Rockefeller praises me.

    I humbly explained why I targeted Rothschild rather than Morgan.

    “The Baron is a very large monster. He is not an easy monster to deal with. We must keep him in check while we can like now.”

    Chemical Bank.

    Chase Bank.

    Hanover Bank.

    They are all mega banks with a good reputation.

    They all have one thing in common: they are all owned by barons.

    In addition the National Commercial Bank of New York was owned by the Rothschild family and the barons also held minority stakes in several other New York-based banks.

    “Oh Prince. Have you heard the news?”

    Rockefeller chuckled and told me about the rumors going around Washington.

    I opened my eyes wide at this.

    “You really have great persistence sir.”

    “Yes. In the midst of all this he is passionately promoting the need for a central bank. He is truly a diligent person.”

    The Rothschilds’ Standard Oil short-selling scandal once again threw the U.S. financial world into turmoil.

    Morgan threatened the U.S. government that a crisis similar to that of 1907 could occur.

    The idea is to expedite the establishment of a central bank.

    “When would be a good time to reveal the cards we have? I think it’s probably time to start lighting the campfire now.”

    “Well I think a little differently.”

    While they are playing around with the political-business collusion card Rockefeller asks for a little more time.

    When a bill is introduced and reviewed by members of the National Assembly.

    It was suggested that this be blown up before the actual vote took place.

    “Wouldn’t it be better to sprinkle ashes on cooked rice?”

    this!

    Rockefeller looks really angry.

    I learned how great Rockefeller’s animosity toward Morgan was.

    I was so startled that I nodded.

    “If that’s what you want… then don’t do that.”

    “More than that Your Majesty. It’s already mid-May.”

    Rockefeller looked out the window and said to me.

    “I heard that there are Korean cadets enrolling at West Point and Annapolis. How about meeting them once before they enroll and giving them some encouragement?”

    < Two Stars (1) > End

    0 Comments

    Heads up! Your comment will be invisible to other guests and subscribers (except for replies), including you after a grace period.
    Note
    Enable Notifications OK No thanks