NOVEL NEXT Chapter 20
＜ Shadow of Panic. (4) >
February 1898. 23 Wall Street, New York.
The office of President John Pierpont Morgan.
Chairman Morgan was sitting in the black leather executive chair and talking on the phone. On the other side of the desk, Hill Railroad Director, who had called him, looked at President Morgan holding his breath and talking on the phone.
The office was filled with the hazy smoke of cigars the two of them were smoking.
creak-
JP Morgan leaned back on the executive chair and fiddled with the receiver with a serious face.
Whoo-
“So Detroit. You mean you’re going to scrap the New York stock market with short selling by exposing $100 million in accounting fraud.”
– Not all of 100 million, but only part of it will be revealed. If it was all exposed, the New York Stock Exchange would collapse. And I assert that this short sale will also be a success.
that will be successful
In fact, even Chairman Morgan never thought that the short sale of his second son would fail.
As long as 100 million worth of fraudulent accounting cards were secured, even a snail could make money by short selling.
The problem was different.
“It’s all good, but why should JP Morgan Bank fit into your short selling game? There are dozens of deals pouring in to JP Morgan Bank a day, but I don’t see any merits that I should fit in.”
The scale of trading is how to achieve balance.
Hedge funds will make huge profits from this short sale. The second son had to bring the corresponding payment to JP Morgan Bank.
If JP Morgan Bank could bring you drooling interest, he was willing to reach out.
– there is. reason.
“Hmm?”
President Morgan rolled his eyes. What price will you put on the scale? With a little anticipation, he waited for the second son’s next line to be heard over the receiver.
– It’s a big bass.
“……!”
JP Morgan rolled his eyes.
Big Bath.
When a loss is unavoidable for the company due to external factors, it is an accounting technique that pulls out insolvent factors, including future losses and expenses, as much as they are in the quarter and shakes them off at once.
As the word means, it means to bathe the account book and wash away the dirty dirt with water at once.
Usually, it means that a stock company shakes off all its expenses and losses in the quarter when the stock price is expected to fall.
“When the stock price of railway companies goes to a goal due to short selling, it is said that the insolvent factors of the railway companies should be wiped out at once.”
‘Great.’
As soon as he heard the word “big bath”, JP Morgan Chairman’s mind instantly calculated the game that the hedge fund was drawing and the profits that JP Morgan Bank could get.
‘This is it.’
Detroit guy, you’ve got something creepy for you.
The map that the second son was drawing was penetrating the core of the railway company’s problems. this is it This was the ‘external shock’ that JP Morgan president so longed for.
– Exactly. And there’s no use in removing the shichimi. All of the double ledgers have been verified by our hedge fund accounting team in two or three times.
“I had no intention of hiding it in the first place. If I had been determined to hide it, I wouldn’t have even given James access to the accounting data in the first place.”
Interesting.
Seeing Detroit flying around, it was a little disappointing that he had given only Jack the first chance.
If the second had been given a similar opportunity, he might have been able to control the $40 billion JP Morgan bank rather than the $25 million fund.
But the thought was short-lived.
Chairman Morgan laughed as if it was funny to the fact that he caught his eye even now.
“But Detroit, it seems like you and I need a clear separation of roles.”
– We’ll take the offensive with the spearhead. Our hedge fund takes over all of the aggro, including media manipulation, public opinion campaigning, exposure wars, report production and public offerings, and short selling fund public offerings. We’ll make a profit by short selling first, and then wield a knife for the big bass to draw as much time as possible.
“Then we, JP Morgan Bank, can support your hedge fund from behind while your hedge fund wields its sword.”
-Yeah, and while I grab my sword and wield it like a madman at the vanguard, my dad just wipes out the railroad tycoons from behind and devours the railroad company. Wouldn’t 20% of US railroads be enough to build a railroad monopoly trust?
A moment of silence passed over the receiver.
– You must make your wish come true this time.
“Hah ha ha ha ha!!!”
bang! bang! bang!
Chairman JP Morgan burst into tears and smashed the oak desk with his thick hand.
It felt like the extreme stress of the railroad board had just been washed away with one conversation with Detroit.
Chairman J.P. Morgan flashed his eyes at Hill, who was sitting in front of him. Hill, who was in agony at JP Morgan’s reaction, slowly raised his eyelids.
“It’s a masterpiece. The Detroit guy does what no one on the railroad can do. Hill, how are you? From your point of view, does Detroit’s operation make sense?”
Hill smiled softly and nodded slowly.
“I think that’s enough to do. This time, we have penetrated a new transportation business in Far East Asia, and if we tie it together with Big Bass, the railroad trust that the president desires….may be possible.”
f*ck.
“Perfect.”
JP Morgan put down the receiver again with a smile on his face.
“Don’t get along, son.”
– ……!!!
“Don’t let me speak to the New York Police Department, the New York Attorney’s Office, and the New York State Court. Make sure you talk to Treasury Secretary Gage about the class D funds you’re talking about. We will take care of everything from the lobby to the cleanup.”
widely.
Chairman JP Morgan jumped up from his seat on the oak desk. He smiled until the corners of his mouth were ripped apart.
“Then leave it to me. I’ll show you why Americans do JP Morgan, JP Morgan.”
***
Follow me-!
Follow me-!
Follow me-!
– This is a letter from Yale Business School. Additional accounting data for Erie Railroad and New York Central Railroad have been sent.
– Most of the data is consistent with the data sent from Princeton. These are cross-verified data.
– An additional gap was discovered between Northern Pacific’s accounting data and published accounting data. Please cross-verify with data previously sent by Cornell.
Inside the accounting team with a loud phone call.
It was bustling with calls from undercover reporters dispatched to railway companies and trust companies.
In fact, the name is the Accounting Team, but this time the personnel involved are college majors, scholars, newspaper reporters and accountants, as well as former finance directors of railroad companies, aces from accounting firms, and elites from the U.S. Department of Treasury. I was making a draft report by cross-verifying the data in two and three folds.
“JP Morgan Bank is also great. Only the best elites select 100 people and put them in immediately.”
Veyron was tongue-in-cheek at JPMorgan’s scale throughout the entire accounting team.
Then, the secretarial staff dispatched by JP Morgan Bank shrugged.
“Rather, we were able to attract only about 100 people. It’s an operation to stab the railroad company with a knife and cut the throats of the railroad tycoons, but isn’t it going to ruin the people who have connections with the railroad company? Of the thousands of finance people, those 100 are the cleanest.”
“……Is that so?”
Veyron shook his head at the scale of JP Morgan Bank that was getting farther away.
‘There is no other monster.’
However, the secretary of JP Morgan Bank looked around the inside of the accounting team and widened his eyes.
“It’s even more shocking to me to see the desks (editors) of each major press put their heads together with one mind and one heart.”
“Haha, that’s right. They are usually busy biting and biting each other.”
Charles Dow’s networking power was incredible.
As soon as he moved, the Washington Post, New York Times, and New York Tribune joined in an instant.
Even now, the Wall Street Journal (WSJ) continues to join New York media outlets, partnering with the top three leaders.
‘But the group that plays the most important role in the accounting team is probably the New York Press Forum.’
Eight prestigious universities in the northeastern United States.
Charles Dow and Charles Miller of the New York Times organized the New York Press Forum (NYPF) to unite university journalists and majors.
Most of the information pouring from the New York Press Forum (NYPF) to the accounting team. Good quality.
‘If the State Department officials see it, they will turn on their lights and run. Because it is the group that hangs the most on intelligence agencies.’
“Vyron, the draft report is almost complete, but at the end of the day, a problem arose in the railroad team. First of all, here is a draft.”
At that moment, the voice broke Veyron’s thoughts. Veyron’s eyes narrowed and the railroad accountant who spoke to him handed him a draft of the short sale report.
“What’s the matter?”
“Yes, while verifying the accounting fraud of the New York Central Railroad…”
gulp.
The railroad team accountant clenched his hands in a cold sweat with a nervous face.
“We have confirmed the embezzlement and breach of trust funds that have flowed into the Vanderbilts.”
“……!!!”
Veyron widened his eyes.
Vanderbilt House.
When discussing the era of monopoly capital in the United States, a huge conglomerate family created by railroad king Cornelius Vandervelt, who stood shoulder to shoulder with steel king Andrew Carnegie and oil king John Davidson Rockefeller. The first railroad tycoon, the Vanderbilts, have accumulated enormous wealth through a huge railroad network that stretched like an octopus across the United States from generation to generation, and they have been called upon.
In particular, the rail market here in New York was held tightly in the hands of the Vanderbilts, who controlled the New York Corridor.
“What about cross-validation?”
“Unlike other accounting data, the result of 6-fold cross-validation seems to be certain.”
“haha…..”
Veyron was handed over a report on Vanderbilt.
flutter-
‘The embezzlement that flowed into Vanderbilt was $5 million. Considering that Director Morgan brought in $5 million in funds from the Roosevelt family, the Vanderbilts ate a lot.’
The New York Central Railroad isn’t the only railroad owned by Vanderbilt. New York Harlem Railroad, Hudson River Railroad, Canada Southern Railroad, Lakeshore-Michigan Southern Railroad, New York-Chicago-St. Louis Railroad, etc.
There are dozens of railroads that have fallen into the hands of the Vanderbilts.
New York Central is just one of them.
A portion of the embezzlement money was $5 million.
‘Should I touch Vanderbilt?’
snap.
“….!!!”
Then someone placed a hand on Veyron’s shoulder from behind.
Veyron opened his ax eye and momentarily grabbed the dagger that was hidden in his arms, but he quickly regained his consciousness.
‘…….This is not a slum.’
Whoo-
Veyron grabbed his trembling hand and took a deep breath.
“You seem to have a lot of trouble with Veyron. If it’s okay, why don’t you talk to me, the chief of staff? After all, he did pretty well with Lloyd.”
it was james
“……It’s fine, but next time, I hope you don’t touch my body all of a sudden. I have bad memories in the slum.”
“Oh, I’m sorry.”
James raised his palms.
Taking a deep breath, Veyron died and released his hand from the dagger in his arms. Then, he wiped his wrinkled shoulders.
“$5 million in embezzlement money flowed into the Vanderbilt family from the New York Central Railroad.”
“Hmm. Is it the Vanderbilt family? It’s tricky.”
Veyron tilted his head.
‘Is it difficult to finish this problem…?’
James chuckled at Veyron’s reaction.
“As this is a secret alliance between JP Morgan Bank and a hedge fund, I can’t tell you the details, but it seems that the chairman of JP Morgan Bank has made up his mind.”
“…that means!”
“Uh, you don’t need to be swayed by Vanderbilt ‘something’ anymore.”
Petroleum tycoon Rockefeller’s estimated net worth is $600 million.
The total amount that JPMorgan can handle through JPMorgan Bank is $40 billion. This is also true when considering only those funds that are entangled in direct financial trusts.
Even the embezzlement of $5 million can’t be wrinkled in front of 40 billion won.
just trampled on and exploded.
“Do I need to worry?”
“…I’ll get to work right away.”
‘The Vanderbilt family should also be included in the attack target.’
In addition, New York Central is the most popular railway among New York Railways. The name of the Vanderbilt family and the New York Central Railroad alone can ignite public opinion.
Pisik-
‘In order for a hedge fund to make a hot debut, there must be a performance like this.’
Veyron sat down at his desk and put a blank sheet of paper in the typewriter.
Tick tock to tap.
visor-!
Veyron’s batting stopped.
‘This is…the last page.’
Veyron pulled out the last page from the typewriter, put it in a thick pile of papers, and arranged it neatly.
‘Now, send the draft of this report to the Wall Street Journal headquarters and refine it.’
The Washington Post, New York Times, New York Tribune, and Wall Street Journal desks work together to easily refine reports written by majors for the general public.
Because it has to be distributed throughout New York and Washington DC through newspapers.
Then, James approached with an interesting expression.
“Oh, is that a short report?”
“Yes.”
f*ck.
With a bloody smile, Veyron waved the draft of the short sale report in his hand.
“Railroads are bullets that shoot giant trolls.”
＜ Shadow of Panic. (4) > end