The Joseon Prince Went To America And Didn’t Return – 70
by Jessie@AFNCC
< Life and Death (2) >
dripping-
Someone knocked outside the room I was staying in.
I immediately shouted to the guests outside.
“Who is it?”
“Your Majesty this is the bank manager Giannini.”
I quickly opened the door.
“What’s going on?”
“Would you like a cup of tea? I’m really bored because I didn’t have coffee after dinner.”
“Come in.”
By the way this is the first time I’ve talked to Giannini since I came to Morgan’s house.
I guess it’s because I’ve been living a busy life.
Because the celebrities of New York wouldn’t leave me alone.
Aren’t you all practically begging me to have a meal with you?
“Two cups of coffee please.”
“Yes please wait a moment and I will bring it to you.”
“Okay.”
I ordered coffee from Morgan’s people standing outside the door and went back into the room.
“How have you been? I’ve been so busy that I don’t even realize how much time has passed.”
“That’s because there are a lot of people looking for the prince.”
Giannini consoled me saying that it was the fate of a popular guy.
“Hmm. This is…..”
Giannini glanced at the papers on the table with a curious expression on his face.
ah!
Drinking coffee is just an excuse.
I came here because I was curious about this.
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I nodded and handed Giannini the freshly filled out form.
“I wonder what’s inside this.”
“A federal employee just handed the prince some documents… I think that’s the one.”
“That’s right. Would you like to read it?”
“Holy moly… thank you.”
Giannini looked at the papers carefully as if he was handling gold and glared at them with envious eyes.
“A federal government guarantee… That means the Prince has taken over the American Trust.”
“That’s right.”
This was a deal that was satisfactory to me.
The American Trust was one of the top five trusts in the United States along with the Knickerbocker so $3 million was a steal.
‘The name alone makes it seem like something.’
Companies with a country’s name attached to them usually boast history and tradition.
The United States is called by many names but the most commonly used is ‘America’.
Next is ‘United States’.
“You are amazing.”
“What’s so great about it….”
Giannini rolled his eyes and asked me about my future plans.
“Are you planning to acquire other financial companies besides American Trust?”
“Wouldn’t you need something like a securities firm or an investment bank? You need a commercial bank but these two will be helpful to me.”
“Yes.”
“If the federal government would back it under the same terms we could probably take on two or three of those on this list.”
He gave Giannini the list Morgan had given him separately from the warranty.
It was a list of companies that seemed to be somewhat useful among the insolvent companies. Giannini read it carefully and asked about the parts highlighted in red.
“Your Majesty what are the underlined things here?”
“Oh that…..”
I licked my lips and licked my lips.
“In the meantime Rockefeller acquired a lucrative brokerage firm. Others who had more money began to move in one by one.”
“ah….”
Wall Street guys are really vixens.
I thought he was just cowering like a mole but as soon as I lured the federal government guys and got their guarantee he started moving right away.
As if I had been waiting for this.
“So Mr. Morgan you’re going to rescue a few of the items on this list?”
Giannini asked me again as he looked at the list of insolvent financial institutions.
“I guess so. He told me he was going to acquire two companies. If he hadn’t changed his mind he would have done so.”
Giannini clenched his fists in anger.
“FXXX. I thought I was buying up banks cheaply but I guess I can’t keep up with the prince and the big shots on Wall Street.”
I patted Giannini on the shoulder and encouraged him.
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“Don’t say that. Didn’t you also acquire the Midwestern banks at a good price?”
“But… didn’t your Majesty buy these big companies for almost nothing?”
Looking at Giannini who was looking bitter I quickly changed the subject.
“By the way it seems like you’ve been really busy lately. You’ve been making new friends and it seems like you don’t have enough energy even if you had ten bodies.”
Giannini nodded in agreement.
“Since we have so much time on our hands shouldn’t we make some connections? There are a lot of financiers who dominate America here. We should take this opportunity to get to know them.”
Everyone showed interest in Giannini after hearing that he was close to them.
Giannini took this opportunity to make new friends especially in small commercial banks.
“So did you make a lot of new friends?”
“Yes. Thanks to you I was able to collect some interesting rumors that I didn’t know about before. I’ve organized them. Would you like to read them Your Highness?”
“oh….”
I was overlooking Giannini’s abilities.
He was the greatest life-oriented financial expert of his time.
Didn’t they break away from the practice of only dealing with collateral such as stocks or real estate and expand their business by using credit such as an individual’s honesty or the future potential of a business as collateral?
It looks like they’re also researching information on New York celebrities in this way.
I looked over the documents Giannini had given me and asked him with a satisfied expression.
“Where did you find out such things? You seem to have some weaknesses here and there.”
Giannini shrugged.
“I’m not the only one moving. My brothers are also working hard to earn their keep at Morgan’s house.”
Giannini mentioned his gang.
“They are all as resourceful as I am. My brothers are gathering word by targeting Italian immigrants from drivers to butlers.”
but.
There is no better background check than targeting the people around you.
They spend every moment with the master they serve.
In other words it means that we share things we can and cannot see together.
Through these we will be able to collect many interesting rumors as Giannini said.
“Can you find out any other information?”
“What information do you mean?”
A person who is not on good terms with Morgan.
On the other hand people who are on good terms.
I asked Giannini to pick these two.
“It’s not that difficult.”
“Why?”
“First of all most of the people gathered here are against Morgan. They are all furious about this situation. Don’t you know Morgan’s personality? He starts threatening people as soon as he gets something done.”
I was wondering where Morgan Jr. learned his class theory.
I inherited it from my father.
“If you just pick friendly characters everything will be okay.”
Oh! I see.
If Giannini could sort this out it would be a great help to me.
‘It’s a good idea to have at least one insurance policy.’
Morgan is a slacker.
Look at that guy’s behavior when I asked him to provide some guarantees and he’s passing the buck to the government.
‘Because when you go into the bathroom it’s different and when you come out it’s different for everyone.’
Wall Street is a jungle.
If they look weak they stab them in the back and if they look a little stronger they come up in a group and trample on the sprouts of new recruits.
I’ll leave it alone now because I need it but I don’t know when or how it will reveal its true colors.
‘Well I guess immigration law will be dealt with easily.’
The current crisis was largely due to the absence of a central bank.
In other words if a central bank was not created this situation could recur at any time.
This problem absolutely had to be solved if I was going to get hit in the back of the head.
‘That’s why you want to treat me as a comrade not an enemy.’
What would be the purpose of getting my feet wet with financial institutions in the East?
I guess he’s drawing a big picture to make sure that I’m on the same boat as him and that he won’t betray me either.
“Ah… It’s already this late.”
I quickly got up from my seat looking at the pocket watch on my waist.
Giannini looked at me like that and asked.
“Do you have any prior engagements?”
“Well then. He’s quite a busy person.”
I left the room with Giannini and said goodbye to him briefly.
“See you later.”
“Yes your highness.”
* * *
“Your Majesty please come in.”
Finance Minister Cortelho greeted me politely.
“Thank you for coming out here so late at night.”
“No I don’t. Since you need me we should meet even if it’s late.”
Kotelyu looked around and whispered softly.
“Did you check the warranty I gave you earlier?”
“I’ve already finished it. By the way I’m surprised. I didn’t know you would listen to my needs so quickly.”
“No. In a way it was a reasonable request. I just did what I had to do.”
Kotelyu answered glaring at the conference room where Morgan was.
“Rather I should be the one who feels sorry.”
“Why?”
“Aren’t those fox-like Wall Street guys using the prince as a shield to look after their own interests from behind the scenes?”
Corteleu was a Roosevelt-aligned federal bureaucrat.
Theodore’s people generally loathed Wall Street’s monopoly capitalism.
Because of that my demands are also seen as a backdoor ploy by Wall Street.
“Your Majesty you seem to be a greater person than I expected.”
Oh oh.
Interest also investigated information about me.
“No.”
“You are very humble. I have heard the whole story of how you have amassed your wealth over the past two years. You are truly an investment genius.”
This gentleman
Why are you showering me with so much praise?
Obviously.
I wonder what the intention is.
“So that’s what I mean…..”
also….
My prediction was correct.
Kotelyu squinted his eyes and asked me for help.
“Your Majesty how do you think the current situation will turn out?”
“What does that mean?”
“I mean when do you think this chaos will end? Please lend me your wisdom Prince.”
After thinking for a while I opened my mouth.
“Doesn’t that depend on what one person does?”
Kotelyu narrowed his eyes at my expectation.
“Are you saying that it will end only when Morgan makes a decision?”
“….”
I remained silent and said nothing.
Then Kotelyu continued speaking as if he thought it was an unspoken agreement.
“He won’t resolve this situation until he gets what he wants just as the prince thinks.”
Usually in this situation.
If you pretend not to know and keep your mouth shut nine times out of ten the answer will come out smoothly.
Because it’s a situation where the other person thinks highly of me no matter what I do it looks good.
“Morgan told me before that he wanted me to delegate to him the $25 million cash authority that Washington had given me.”
This time again it’s just as I expected.
‘Morgan is really….’
Although it had only been a few days I had talked to Morgan and got a rough idea of his personality.
He likes control.
To be exact he is a crazy control freak.
‘Because he believed the world revolved around him. He also wanted to have the federal government’s money in his hands.’
I pretended to be worried and looked at the Kotelyu.
“So what do you think?”
“What power do I have? The federal government’s measures are not working in the market. That’s why I’m going to delegate this to Morgan before it’s too late.”
“I see.”
“Do you think Your Majesty Morgan would be satisfied with this?”
“well?”
This time I remained silent again.
Then Kotelyu interpreted this arbitrarily again.
“He would want more than that.”
“If it’s more than that…..”
“The establishment of a central bank.”
“Central bank?”
“Yes because we need to address the root cause. He will try to establish a central bank in the United States under private leadership.”
It’s packaged as private sector-led but it’s probably Morgan-led.
I nodded in agreement.
“It is true that this situation is all due to the absence of a central bank.”
“Ha! My head already hurts thinking about what Roosevelt will say.”
Roosevelt harbored a great resentment against Wall Street’s anti-monopoly policies.
Ironically he has to reach out to Morgan to break the current situation.
The Kotelyu in the middle looks like it’s going to die.
“It must be hard.”
I nodded and occasionally agreed with Kotelyu’s words.
I wonder what kind of information he will give me next.
* * *
“So is that what Finance Minister Cortelho said?”
“That’s right.”
The next morning.
It might be a little vulgar but I immediately told Morgan what I had shared with Kotelou the previous evening.
This is a reference to the bat tactic of media mogul Hearst whom I first encountered in New York.
“Hahaha. Thank you. I didn’t really look at that guy but he seems to have a bit of a weak side.”
Morgan made a displeased expression as he analyzed Kotelyu’s actions.
“Perhaps he wanted to become friends with Prince Kotelyu.”
“Why?”
“To make the prince stand on Washington’s side when the decisive moment comes. Washington is in a hurry right now. Who is by their side?”
Morgan snorted and crossed his arms.
“Kotelyu just turned on the faucet in vain.”
Morgan also revealed to me one fact he had been hiding.
“Just a little while ago Kotelyu said he would delegate full authority to me.”
“okay?”
“Yes. You have entrusted me with twenty-five million dollars. Ah! The American Trust which the prince has taken over. I will allocate a generous amount of federal deposits there. Since you have given me a gift today shouldn’t I repay you?”
Morgan would declare and brag about the government’s money as if it were his own.
“There is a general meeting tomorrow so I would like to gather a few distinguished guests later and have a brief conversation. Do you have time?”
Because it’s Sunday all markets are closed today.
This seems to be an idea that Morgan discussed with some of his acquaintances.
“I’m fine.”
I thumped my chest and agreed with Morgan’s plan.
* * *
“Hello Prince.”
Rockefeller who was standing next to Morgan asked to shake my hand.
“We shook hands once before but this is the first time we’ve talked separately.”
“That’s right. Let’s get to know each other’s inner feelings with an open mind today.”
“Your Majesty this is James Hill. He is known as the Railway King.”
James Hill.
As a tycoon with a personal fortune of around 30 million dollars I too was not someone to be easily ignored.
Morgan made eye contact with the old gentleman next to James Hill and introduced him very politely.
“Oh this person is a very noble person who came from England.”
The old gentleman also extended his hand to me and greeted me.
“Nice to meet you. My name is Baron Nathan Rothschild.”
<Life and Death (2)> End
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