The Joseon Prince Went To America And Didn’t Return – 65



< Big Sale >

When Lee Kang was busy recruiting talented people in Germany.

Something was happening in America too.

“Hmm… the sky is really clear.”

Augustus Heinz owner of United Cooper Company.

He had a habit of starting his day by reading the newspaper on the balcony every morning.

Today was no different.

I looked at the economic situation in the United States as usual while reading the Wall Street Journal with my morning coffee.

『Dow Jones Industrial Average 70 Line in Peril.』

However there was unpleasant news on the very first page.

He frowned and read the next article.

“The White House predicted that the situation would improve as we head into the fall but experts are skeptical.”

『With Thanksgiving approaching each bank is on emergency alert to secure liquidity. Some are even setting limits on cash withdrawals.』

The economic section was full of news that the economy was in bad shape perhaps due to the continued stock market plunge.

Among them the name ‘Lee Kang’ which appeared again on the international page caught Heinz’s eye.

『Director Lee Kang of Wright & Lee Co. Ltd. holds investment briefing session with the Wright brothers in Germany following the Netherlands.』

『Lee Kang who announced the establishment of a university in the western United States will invite many prominent European professors to the new university. Negotiations are underway with the goal of opening the university next year or the year after.』

About a month ago a man named Lee Kang was also listed on the international and economic pages.

It was because he gave a speech about the Korean Empire at the International Peace Conference.

‘Lee Kang… Lee Kang….’

This wasn’t the first time his name had come up.

Rather a year ago it was in the newspaper almost every day and became a hot topic.

Heinz recalled Lee Kang’s history as he recalled articles he had read in the past.

‘Did you say you had quite a bit of wealth?’

His wealth was expressed slightly differently in different articles.

Some say it’s just under a million dollars.

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On the other hand there were rumors that it was worth over ten million dollars.

It was bumpy but one thing seemed certain.

He was a millionaire.

‘I never knew there were so many people with empty heads…’

He is a very wealthy man and has the noble status of a prince.

Because his appearance was not bad for an Asian Lee Kang was extremely popular in American social circles.

Once he became popular all the women around marriageable age would chase after him and try to catch his eye.

This was a fact that Heinz also knew well.

‘What’s so good about that guy?’

Heinz was a man who believed in eugenics.

White people thought they had to lead the inferior blacks and Asians.

‘What am I worse than that guy? Ah! Damn… I don’t have any money.’

For the first time in a long time Heinz felt inferior to other opponents.

Deep inside his heart anger welled up.

“Joseph.”

Heinz called his secretary urgently.

Josef who had been absentmindedly standing right in front of the president’s office immediately entered the office when Heinz called him.

“Did you call?”

“I need to talk to that Charles Moss. Get him into my office right away.”

“yes.”

Charles Morse was a man known as the Ice King in New York.

Part of the reason for his reputation was his collusion with corrupt politicians which gave him a virtual monopoly on the New York ice market.

Like other American capitalists once he had some money he entered the financial industry.

As a result he was able to own the Mercantile National Bank.

“Heinz. Why have you called me?”

The two met when Heinz lent him some of the funds he needed to acquire United Cooper.

About an hour after Josef left the office Charles Morse showed up at Heinz’s office.

“We shouldn’t meet separately for a while. Didn’t I say that last time?”

Charles Morse tried to hide his slightly anxious expression as he whispered to Heinz.

“I don’t think it’ll work. The profits I made last time aren’t enough.”

After Heinz acquired United Cooper Charles Morse made Heinz a secret proposition.

They immediately lured him into manipulating the stock price.

The two attempted to manipulate stock prices by buying up copper and raising prices since the beginning of this year.

Now Heinz was looking at Charles Morse who was trembling with anxiety and with a serious expression he suggested that they manipulate the stock price again.

“What? What are you talking about when you have five hundred thousand dollars? Where did you spend all that money? Did you gamble or something?”

“No. It’s still in my safe. But this alone isn’t enough. Let’s do it one last time… one more time.”

“….”

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“Didn’t you feel sorry at that time? When I said I would take the money you were the one who cried and suggested that I do a little more.”

Charles Morse was slightly taken aback when Heinz brought up the past.

“that….”

“I know. You must have been greedy too. I am the same way now.”

“….”

Heinz spoke in a pleading tone looking at Charles Morse who had his mouth tightly shut.

“Didn’t you get caught last time? So just one more time. Just one more time. The stock price is at rock bottom… If you succeed this time you’ll make a lot of money.”

Charles Morse wanted to say no but he couldn’t bring himself to say it.

Because greed had been growing in his heart at some point.

“So let’s do it just one more time?”

“Yes. If we use the money we earned last time and the business funds of United Cooper we can easily raise the price of copper.”

A rise in the price of ore means that the future profits of the mining companies that mine it will also rise.

Heinz smiled bitterly knowing that this would soon lead to a rise in the copper mining company’s stock price.

Soon Charles Morse who had been thinking deeply opened his mouth.

“Okay I understand. I’ll try to support the stock price by simultaneously conducting bicycle trading like last time.”

“Good idea.”

Charles Morse agreed to Heinz’s proposal.

The two shook hands and planned to manipulate the stock price once again.

And the next day.

The two began to buy copper in earnest on the futures market.

hereto.

United Cooper Company’s stock price began to fluctuate.

* * *

Giannini was diligently attending Livermore’s lectures and learning trend trading.

“Wow… You’re better than me now. I guess I can stop teaching you.”

Giannini was a talented person with a natural sense for finance.

Even though Livermore didn’t tell him this he made more money than Livermore in this bear market.

“No. I still have more to learn.”

“What are you talking about? If you just look at the rate of return you’re higher than me…”

As Livermore said Giannini had already made a profit of $1 million with an initial investment capital of less than $50000.

While most stock investors were shedding tears of blood he who could be seen as a beginner was smiling.

“But you know I don’t feel so good.”

Despite his profits Giannini was depressed.

Because I felt a little guilty.

“Tsk tsk. People can’t be too kind. If there’s someone who makes money there has to be someone who loses money right?”

“still….”

Unlike Livermore Giannini was a capitalist who grew up lending money to small business owners.

He was a warm-hearted financier.

This is even the case when it comes to coming up with the 3% rule for holding BOI shares.

Wasn’t this safety device created after seeing Wall Street financiers squeezing customers’ pockets while only caring about the interests of major shareholders?

Giannini suddenly got up from his seat where he had been studying the stock board intently.

“It doesn’t suit me. I can’t do this anymore.”

“Uh uh…..”

Before Livermore could say anything Giannini had left the crowded brokerage.

After he vowed to stop short selling he decided to focus his efforts on buying regional banks including Bank of America.

“Tsk tsk. I’m full. A market like this one only comes once in ten years… Huh?”

Livermore clicked his tongue as he looked at Giannini’s back.

Then I fixed my gaze on the stock market situation hanging on one side of the securities company.

anything.

Because I discovered something strange.

“United Cooper. Why is its stock price moving like that?”

Mining stocks which usually fall by up to 30% were all cut in half in this decline.

Because the industry that suffered the most damage from the San Francisco earthquake was the mining industry.

however….

United Copper Company’s recent moves have been unusual.

There doesn’t seem to be any particular good news but the stock price is recovering at a rapid pace.

‘The price of copper is going up? And UC’s stock price too… That’s a little strange.’

The panic had most experts predicting a recession.

Don’t the media constantly report that there will be more than 500000 unemployed people?

Copper was originally a raw material sensitive to economic conditions.

In other words when a recession came copper prices should have naturally fallen.

Livermore tilted his head for a moment then ran to a stockbroker on one side of the brokerage.

“I mean the trust funds that we currently have in our Livermore Trust Company.”

“Yes sir. Please speak.”

“I’ll put it all on United Cooper. Short of course.”

The existing short selling will be left as is.

However I planned to use all of the spare funds that I had left unused in preparation for an emergency.

Because I felt something.

* * *

“yes!”

Knock knock-

United Cooper Company’s stock price began to fall.

This is because a financial company under Rockefeller which had been keeping an eye on the abnormal rise in copper prices made a large bet on a decline in copper prices.

With the emergence of big hands the price of copper fell like autumn leaves.

“Wow… already.”

It fell by 50%.

Livermore has earned $8 million so far.

Here’s the earnings from this time.

And if other stocks fall as a result of this week’s decline…

It seemed like he could easily make ten million dollars and still have some left over.

‘Because the fee is 15%….’

The amount that will return to Livermore’s hands alone is a whopping over $1 million.

He swallowed hard and watched how the New York stock market was doing.

“Fuck. Did you hear that rumor?”

“What rumor?”

“Heinz of United Cooper. He was said to have been buying copper with company money and deliberately trying to prop up the price of copper.”

“What? So… you’re saying that you attempted to manipulate the stock price?”

“I don’t know. But I heard that the New York prosecutor’s office might start investigating soon?”

Livermore was thrilled to hear the rumors circulating in the hall.

Because a major crash in the New York stock market is just around the corner.

‘Maybe me too….’

Carnegie Rockefeller JP Morgan.

Aside from these three overwhelmingly wealthy people the next one was Lee Kang.

Livermore is currently managing Lee Kang’s assets.

If this bear market continues just a little longer Lee Kang and Livermore will become even richer.

Livermore’s hands became covered with hot sweat.

‘The prince asked me to do so but…’

Suddenly Livermore remembered what Lee Kang had said before leaving for Europe.

He warned against short selling which would shake capitalism.

‘If only we could make a little more profit here…’

But now Livermore’s mind was only on another short sale.

Because once a runaway train starts running it can’t stop until someone stops it.

“I want to add an extra short there.”

“Are you saying you want to make a deal?”

“okay.”

Livermore showed his greed and moved to short additional stocks.

An Oriental man who was watching the scene began to quietly write something down.

* * *

“Boss. Kaiser sent a letter to you.”

Aaron brought me a sealed letter.

I opened the letter I received immediately and checked what was written inside.

“What does it say?”

“Nothing much. I guess they sent me a list of professors to be dispatched next year.”

There were two letters in total.

In the first chapter there was a list of professors I mentioned earlier.

The second one contained a personal letter.

“Are you curious? If you’re curious it’s here.”

Since I had nothing to hide I gave Aaron and Max the letter from Wilhelm II.

Aaron pretended not to care and declined but Max quickly took Kaiser’s letter.

After that I read the contents inside and soon frowned.

“Oh my… It looks like Kaiser is firmly in the hands of that bastard Poss.”

“….”

The second letter from Wilhelm II full of delusions.

About 2/3 of the book was filled with Wilhelm’s imagination about what kind of atrocities the Japanese were plotting next.

The rest was written about Kaiser’s feelings in search of me.

It was written that when I had time I would come back to Berlin and show him a secret room that was not open to outsiders.

I shivered slightly as the sticky gaze of Wilhelm II came back to me.

Max clicked his tongue when he saw this.

“It’s hard enough to get rid of the women who rush to you… Now you’re even seducing men. Oh no! Why hyung? It’s true.”

I’m glad I didn’t take that mouthy tactless Max to the palace.

If that guy had seen Kaiser’s sensitive gaze he might have sworn at him right in front of him.

That’s because Max is a clueless and ignorant man who lives only for today.

“Boss I think it’s time to leave Augsburg.”

After Aaron had scolded my brother he asked me.

“Where do you plan to go next?”

There were about three places planned as next options.

If you go east you might stop in Russia.

On the other hand if you go west or south you may end up in France or Italy.

‘If you have time it would be nice to stop by England on the way back.’

I need to come back to Germany sometime.

Because there are still many talented people waiting to sprout here.

“excuse me.”

That was when.

A hotel staff member came to the room we were staying in.

“The telegraph office has contacted you. They say a telegram has arrived for the prince… If you have time please stop by the telegraph office.”

As soon as those words were spoken our party headed straight to the Augsburg telegraph office.

“Boss is something big happening in New York? Why are you making that face?”

“It hasn’t exploded yet but they say it looks like it might happen soon.”

I told my group our next destination with a bitter expression on my face.

“I think I’ll have to go back to America soon.”

“To America? Not Paris or Moscow?”

“okay.”

It was such a waste to have to change the destination right in front of my eyes.

Because it’s quite a distance once I return to the US I can’t say when I’ll be able to return to Europe again.

But I had to go right away.

‘It’s dangerous to be in New York when something happens… but that doesn’t mean you can’t just stay in Europe.’

Because JP Morgan could swallow up Livermore’s fortune.

That’s why I thought I’d go back at just the right time and have a conversation with him.

< Big Sale > End