The Joseon Prince Went To America And Didn’t Return – 67



< Negotiation with the King of the End >

“How have you been Prince?”

Morgan Jr. greeted me with a charming smile.

“It’s been a while.”

“That’s right. It seems like it’s been about six months since we last saw each other.”

I put my hand on the wooden bar blocking my way and asked Morgan Jr.

“Ah Vice President Morgan.”

“Yes your highness.”

“This cane please. Could you move it away? It’s a little uncomfortable.”

In response to my polite request Morgan Jr. quickly put the stick away.

“I’m sorry. Oh… By the way did you have a nice trip to Europe? How are you feeling? You look very tired from the long trip.”

“No. Even though I look like this I’m actually quite healthy.”

As I said that I slowly observed Morgan’s actions.

‘You’re still ignoring Giannini.’

I had dinner with him the last time I met with Hearst.

I briefly recalled the memories from that time.

‘Well there’s no way a person can change in half a year. Didn’t Morgan Jr. treat Giannini who was next to me like an invisible man before?’

maybe.

Morgan Jr. probably acts like that because he thinks Giannini isn’t on his level to talk to him.

Even if Father Morgan doesn’t know Son Morgan is a thorough classist.

With this in mind I continued my conversation with Morgan Jr.

“By the way how is your father doing these days?”

“You’re busy. More than you think.”

As Morgan Jr. said his father JP Morgan was so busy that he felt like he needed two bodies.

Because the troublemakers have left a lot of shit all over his territory New York.

With the credibility of the banking industry at rock bottom due to stock manipulation and accounting fraud shouldn’t JP Morgan be left to fend off a massive disaster like a bank run on its own?

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‘I guess I’m going to poop a little.’

Whatever.

Is it Morgan who’s having a hard time or am I?

I glanced at Morgan Jr. and asked him point-blank why he had come to see me.

“Yeah. What’s going on here?”

“What other reason could there be? I came here because I wanted to talk to this prince.”

Morgan Jr. pointed toward the hotel’s entrance and politely asked me to spare some time.

“I have a lot to talk about so it might take a while. There are a lot of eyes and ears here so I’d like to move around a bit.”

I lifted the bag I was holding and made a troubled expression.

“As you can see I just arrived in New York. Even if we were to talk I would have to unpack a bit before I could talk.”

“ah….”

Morgan nodded looking satisfied.

“Your Majesty since you’ve come this far why don’t you go to my father’s house?”

“What?”

“Instead of spending a lot of money on a hotel come stay with me at your father’s house for a while Charles!”

Morgan gestured to the people sitting in the hotel lobby.

Okay then.

“omg.”

“Boss.”

All the men on the first floor jumped to their feet and prepared to follow Morgan’s orders.

Someone had already handed over my luggage to the hotel bellboy.

‘It looks like you came here on purpose.’

Well I expected that.

Even JP Morgan in the history of the world held a meeting to discuss countermeasures after forcibly gathering all the famous people in New York.

‘According to the anecdote that has been passed down he was not allowed to leave JP Morgan’s house until the matter was resolved?’

Of course I would be an exception.

If I strongly resist Morgan Jr.’s insistence I will eventually have no choice but to stay at the hotel.

‘I’m not in a position to be dragged to his house against my will am I?’

Because he is the prince of a country unlike others.

‘But acting like that is lowly.’

The upcoming meeting at Morgan’s home will determine the next phase of American financial hegemony.

And there will certainly be discussion about the Federal Reserve System that will be established after this panic is overcome.

Is it really necessary for me to miss such an important event?

‘But it won’t be easy to give up.’

I must act as if I am doing Morgan Jr. a favor and accepting his offer.

“I can’t help it. Since you’re begging me like this… I have to go.”

“thank you.”

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“I will go with my party President Giannini.”

“Yes your highness.”

“It looks like you and your group are also staying at Morgan’s house.”

Giannini’s associates who were escorting Livermore are probably at Morgan’s house now.

If they do this to me how would they act towards those who are no different from pyramids?

Isn’t it obvious?

“If you have time would you like to come with me?”

I mentioned this and suggested it to Giannini.

“Holy moly… I like it.”

I glanced at Morgan Jr.

It was an unspoken question as to whether I could take my colleagues with me.

“Okay then. I can handle this much. Then shall we start moving now?”

“okay.”

I walked with a trembling heart.

* * *

‘This is amazing.’

As befitting the de facto ruler of New York Morgan’s home was enormous.

It feels like I’m in a palace.

“Jayce.”

“master.”

Morgan Jr. looked for the butler at the front door.

“I brought this prince here. Where is your father now?”

The butler named Jayce rolled his eyes.

I was wondering if it would be okay to tell you who JP Morgan’s current interlocutor is in front of me.

“I am having a brief meeting with a distinguished guest from Washington.”

“Oh really?”

Morgan Jr. quickly turned his head and looked at me.

“Your Majesty would you like to unpack your luggage first?”

“Let’s do that.”

Morgan Jr. guided me to my accommodations.

“This prince!”

The hotel I was staying in already had passengers.

It was a familiar face.

“Livermore!”

As expected.

After Morgan Jr. left I quickly went up to Livermore and asked how he was doing.

“So are you feeling better?”

“Fortunately there is no pain.”

Livermore blushed and began to complain to me.

“Your Majesty that JP Morgan guy brought me here.”

I pretended not to know and asked the reason.

“Why?”

“I think it was because of short selling. They threatened me by blaming me for the market disruption. They pressured me to close out my short positions quickly.”

“So? Did you close out all your short positions as Morgan suggested?”

“No way. I’m not that easy. Why should I stop short selling when I know I’ll make a profit?”

Livermore came to me with a huff complaining of the injustice.

“If I were the only one who shorted the bank stocks I wouldn’t feel so wronged. I heard that even Carnegie Rockefeller and even Morgan’s banking affiliates were all involved in short selling. I don’t understand why I’m the only one being treated like this.”

but….

Wall Street’s money grubbers probably weren’t just sitting back and watching this unfold.

In front they will pretend to be busy discussing how to resolve this but behind the scenes they will be busy taking care of their own interests.

“So you’re still holding the short?”

“yes.”

That’s amazing.

It’s amazing how he’s acting this way even though Morgan is blatantly threatening him.

In this respect Livermore was no different from a man with the heart of a true beast.

“Your Majesty do you know how much I made in this bear market?”

“How much is it?”

“I made a whopping 40 million dollars.”

“You didn’t make 4 million dollars you made 40 million dollars?”

“Yes. This incident will make your Highness one of the richest men in America.”

1912.

Rockefeller founded the Rockefeller Foundation and gave back to society some of the wealth he had painstakingly amassed throughout his life.

The initial donation at that time was a whopping 50 million dollars.

‘It’s less than that but anyway… I guess I made a huge amount of money.’

Carnegie Rockefeller Morgan.

Excluding these three I would truly be next.

It’s all thanks to Livermore who is here in front of me.

Because he had been short selling like crazy before he was locked up.

“Oh Prince. This is the amount of commission I will receive.”

Traders receive a commission usually between 15 and 30 percent.

Because in America a capitalist world there is no such thing as a free lunch.

Livermore was a novice trader little known on Wall Street so he would only make an average profit of about 15%.

‘But it’s still amazing?’

Adding that to going back to Livermore…

It’s as if I’ve earned in one go the amount that Rockefeller actually gave when he set up his foundation.

I think I know why JP Morgan was so fired up and called in Livermore a non-New York celebrity to threaten him.

While I was away in Europe the Livermore Trust Fund grew as large as any other major New York trust company.

“Well done anyway. Ah! Livermore.”

“Yes your highness.”

“I’m talking about the short sale you signed.”

“yes.”

“Now it’s really time to reap.”

Livermore gave me his advice with a look of great disappointment on his face.

“But if you hold on a little longer….”

also.

Man is a greedy animal.

Even though you earned 40 million dollars you still act like this.

‘But is it really the real bottom?’

The Dow Jones Industrial Average is approaching 50.

It was torn in half at the highest point in history.

Since it was already close to the bottom I told Livermore to short.

“Livermore.”

“Yes Your Majesty.”

“What did I advise you before you left for Europe?”

“…you said we are not shorting to destroy capitalism.”

“Yes. Also when I signed the contract with you did I include any special clauses?”

“We decided to stop investing immediately when the prince shouts stop.”

“okay.”

I glared and made a face that said I wouldn’t give in.

At this Livermore sighed deeply and nodded in resignation.

“Okay I’ll tell Morgan. If I tell him I’m going to short won’t he let me go?”

I quickly grabbed Livermore’s arm.

“I’ll tell Morgan.”

We can’t just end short selling here.

I’m going to talk to Morgan soon so shouldn’t I have some bargaining chips to play?

* * *

“Your Majesty please come in.”

I just walked into Morgan’s conference room.

Inside a man who had just finished a meeting was sitting.

He got up from his seat with a blush on his face.

“You are setting too many conditions. Roosevelt will not accept them.”

“Then we must make them accept it. Otherwise we will not be able to overcome this panic. Do you really want this country to perish?”

Morgan glanced at me and stopped talking to the man in front of him.

“Ah… the next guest has arrived. Let’s finish talking later.”

“Let’s do that.”

The strange man soon approached me and offered me his right hand.

“You are the prince.”

“Who are you?”

“My name is George Corteleu. I am the Secretary of the Treasury of the United States.”

Interest is the ‘firefighter’ from Washington.

I observed the Kotelyu scanning it quickly up and down.

‘I think you’re really angry…’

That too firmly to Morgan.

‘If you do this well…’

It is a well-known fact even to a child that the federal government and Morgan are at odds.

But if they get angry and even swear at each other it seems like they’re not on bad terms.

If used well it seems like it could be a good way to trouble Morgan.

‘I’ll use it when things go wrong with Morgan or when he does something against my interests.’

The finance minister is out.

JP Morgan sat me down in a conference room.

“This prince.”

“Tell me.”

“I don’t have time so I’ll get straight to the point. Is all the money in the Livermore Trust this prince’s?”

“That’s right.”

“Excuse me but I need you to persuade Livermore. The U.S. stock market is in a bit of a predicament… We need to stop short selling. Please persuade him. Short selling is currently driving the New York Stock Exchange into an endless abyss.”

At JP Morgan’s request I thought for a moment and then blurted out the following.

“Let’s do that.”

“thank you.”

“but….”

Morgan repeated what I said narrowing his eyes.

“but?”

I asked with a big smile.

“What do I gain from this?”

< Negotiation with the King of the End > End