Wall Street of the third generation chaebol

＜ Giants entering. (1) >

American trustees entered Japan one after another.

The giants gathered in one place heatedly discussing their future plans for a while in the meeting room of Mitsui Bank’s Tokyo headquarters, and decided to move sequentially under the coordination of the Bank of Japan.

‘Is it from the railroad? Black Wednesday comes to mind.’

Japan’s economic advisory body.

The Japan Settlement Bank agreed to coordinate with the railway, which started privatization as the first hitter. I visited the Japan Post Office in Tokyo with the directors of the Railroad Trust.

Tokyo Post Office.

The Minister of Post, Yoshikawa, guided us.

“You came to hear the announcement of the Great General. Yes, that’s right. The privatization of the railway is going to proceed.”

With a handkerchief, Yoshikawa greeted the Japan Settlement Bank and the American Trust giants.

Huge conference room.

The pressure was great with the small Japanese people and the tall railroad directors in one space. Even the railroad directors who had been through the rough plating era had a rough impression and an ugly size.

The faces of the post office officials seemed to get tired of them at any moment.

“Minister Yoshikawa. I understand that the Japanese Railroad Act is tied to government finance.”

As the head of the bailout committee, I took the lead.

“Yes, yes. As you said, the Imperial Railroad Administration of the Ministry of Posts and Communications originally wanted to operate a completely state-run railway, but the private capital rushed in, and it proceeded in a very strange structure. As you know.”

Minister of Posts and Communications Yoshikawa said while looking at some of the reports.

“The railroad fund is a condition of privately operated and nationalized for 15 years instead of being supported by the Imperial Railroad Administration as a railway bond.

this is a kick

Since public bonds are bonds, they are essentially convertible bonds that can be converted into stocks after 15 years.

For the first time, it was operated by private management for 15 years. 15 years later, the Railroad Act has been passed as a provision to nationalize and operate by the state.

“Shit.”

Hill, director of the Great Northern Railway, ruffled his hair. In fact, it was a ghastly structure that was born out of a power struggle between the Imperial Railroad Administration and private railway capital.

However, in the original station, the railway was eventually converted into state management in 1906.

“In the end, if we take over the railroad bonds and amend the railroad law, does that mean that we will be able to take over Japanese railroads with additional funds?”

“No, that’s right. Revision of the railroad law will be easy with the GHQ, and our postal service will hand over the railroad bonds as discussed with the Minister.”

Prime Minister Yoshikawa came out with a completely low profile.

How the execution of the Tokyo War Crimes Trials was carried out was not disclosed, but everyone who knew how it was done knew it.

“Sir, Yoshikawa Chaesin. Don’t be so frightened. Even though the Imperial Railroad Agency was in charge of transporting the army, thanks to that, the Imperial Railroad Agency temporarily took over the railroad operating rights from the private sector.”

This is the reason why the Imperial Railroad Agency’s Prime Minister Yoshikawa was not charged with a war crime. Even if he were to be executed at the Tokyo War Crimes Tribunal, the operation of the railroad could be transferred to the private sector again.

I wanted to take over now that railway operations are in the Imperial Railways.

‘Well, most of the private railways went bankrupt, but as long as the creditors are the postal denials, there is no way for the Japan Settlement Bank to touch it. We have no choice but to take over directly from the Post Office.’

At present, it is virtually state-owned.

great.

Should I put some pressure on Yoshikawa?

I fixed my posture.

“Minister of Post Yoshikawa. If we take over completely without any noise, the Tokyo War Crimes Tribunal will never be held again.”

“Hey, hey!”

“There are still nine judges in Japan, but it is for tourism purposes. There is no need to be intimidated.”

“Ha, hey!”

Rumble.

Yoshikawa’s face turned white. The desk rattled as if it were vibrating because of his trembling shoulders, sweating profusely.

If it was touched like this, the oiling would have been good.

“What do you think of Archibald, which railway do you want to acquire?”

Many railroad giants attended this meeting, but in the end, the directors of Class 1 transcontinental railroad took the lead.

BNSF, Union Pacific Railroad, Pennsylvania Railroad, Great Northern Railroad.

Among the executives of the above four companies, Gap-eul was divided.

The parent company of the Pennsylvania Railroad.

As Archibald, the vice president of Standard Oil, entered the game himself, the Pennsylvania Railroad took the priority.

Archibald brushed his beard.

“There are a lot of railroads in Japan that are no joke.”

“Yeah, it’s not like America, but the archipelago is wide and dense like a spider’s web.”

“But it would be more profitable to take the railways in the metropolitan area. Especially the railway connected to the open port.”

chin.

Archibald pointed his finger at the map point.

“We’ll take the Kansai Railway (Kansai Railway) first. The Bank of Japan has a 25% stake and Standard Oil has a 75% stake, right?”

“Yes, that’s correct.”

Archibald looked quite relaxed.

seemingly.

However, in this conference room, the most urgent was Yoshikawa, followed by Archibald.

‘In the first place, it is irregular since Vice President Archibald visited himself.’

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Of course, James Hill, the railroad director, is also the chairman of the Great Northern Railroad. But no matter how hard it was, it was too big to compare a single transcontinental railroad with Standard Oil.

That is why he came to be at the top of the American food chain, both in name and reality.

This. it becomes money

“Vice President Archibald.”

I whispered in his ear.

Archibald frowned for a moment, but gave me an ear.

“Something.”

“Did you come here conscious of the Royal Dutch?”

“……”

“Here in the Japanese archipelago, Royal Dutch in Southeast Asia is closer than Standard Oil in the United States. To be precise, the Indonesian oil field of Royal Dutch in the Netherlands.”

“So what do you want to say?”

Archibald responded bluntly, but did not deny it. I knew. Standard Oil is throwing oil like crazy and playing a game of chicken.

‘In order for Standard Oil to win the chicken game now, it must pioneer a new market.’

The bigger the size, the more advantageous it is for the chicken game (low price competition).

And to reduce the cost of transporting oil, railroads were needed. If transportation costs are reduced and the tariff benefits of free trade agreements are obtained, US oil, which has built a Pacific infrastructure, will also become price competitive in Japan.

And only oil?

They also had access to Asian coal markets.

“Let’s rebalance our stake. Bank of Japan Settlement Bank 49.9% and Standard Oil 50.1%. However, we will drive a little more net railroads. We will sell railroads in accordance with Standard Oil’s policy as much as possible. How about?”

Currently, the railway section for sale consists of 17 lines.

Hokkaido Tanpo Railway, Kobu Railway, Nippon Railway, Iwagoshi Railway, Sanyo Railway, Nishinari Railway, Kushu Railway, Hokkaido Railway, Kyoto Railway, Hanhak Railway, Hokukoshi Railway, Sobu Railway, Boso Railway, Nanao Railway, Tokushima Railway , Kansai Railway, Chamgung Railway.

“You know that the situation in the Qing Dynasty is not very serious. If you have a car, you have to take care of the war economy. First of all, we will allocate Japan Railroad, Kansai Railroad, and Hanhak Railroad.”

As a condition to drive Archibald like this, I take 49.9% of my stake.

Archibald rubbed his chin with a serious expression.

“Look. Governor Morgan. If you drive me like that, I’ll get your attention. What I’m saying is, railroad directors are monsters that lack a lot of morals.”

“You don’t have to worry about that. I take care of all of that. Vice-Chairman Archibald just needs to answer no or yes.”

“……”

Archibald frowned for a moment.

But he nodded his head as he decided that there was no harm done.

“You have to take care of it.”

“There is no railroad operator who dares to touch Standard Oil. I am responsible for it.”

actually.

This was a condition that could be reached because Archibald and the Railroad Trust had different interests.

Archibald needs a railway that can be operated immediately. So, if only a big city and a port can be connected, it’s ok.

is satisfied

‘But what about railway trusts?’

I looked at the Hill Director of the Great Northern Railroad. Director Hill was right next to me and I could have heard Archibald talking, but he didn’t even care.

“Morgan.”

Director Hill called me.

I gladly leaned over to him.

“Yes, Mr. Hill.”

“I know what Archibald and you are up to, but you know what our railroaders want, right?”

I smiled brightly.

“Of course.”

trans-island railway. archipelago railway.

If Archibald’s Standard Oil wants a ‘road’ of transport from the port to the city. Railroad trusts want the ‘railway environment’ itself.

Even Japan is full of cheaper labor than the US. Rather than purchasing an existing railroad, it could be more efficient to directly lay the route on a large scale.

“I will give you the right to lay the railway. We will also give you priority on the necessary section of the remaining railways that Vice President Archibald picked up.”

“After all, you know the railroad well. Working with you is the most comfortable. There is a reason President Morgan loves him.”

Director Hill nodded with satisfaction.

The rest of the railroad trusts can distribute Japan in this way.

What they want is a small country within a country. Because it was the environment of the railroad itself.

And there were many bundles and cities in Japan that had not yet been thoroughly developed by railroads.

“Minister of Post Yoshikawa. Did you hear everything now?”

“Yes, yes!”

“Yes?”

“Oh, ah ah ah ah ah no! I didn’t hear it!”

“Haha, that’s a joke. So, I want to get some railroad laying rights from the Japan Settlement Bank, but I would like the Ministry of Posts and Posts and the Imperial Railroad Administration to submit a bill to amend the railroad law to the parliament. Is it possible?”

If you pass this directly through GHQ’s hand, it looks bad. Even a shell can become a pretty frame only when the Post Office with direct authority intervenes.

The head of the post office Yoshikawa shook the chair and shook his head vigorously as his neck dropped.

“Yes! No, just leave it to me! I will risk my life to pass the amendment to the railroad law!”

“Yes.”

I put on a friendly smile.

“I wish you well.”

With this, I got 49.9% of the current Net Line stake.

Even on large-scale routes to be built, it is now possible to have a stake through the Bank of Japan Settlements.

This is why the platform is so important.

Because I was able to eat out a lot of brokerage fees.

A win-win, not a one-sided tyranny.

If everyone can achieve satisfactory results, a platform that faces one-on-one has an unconditional advantage.

At least the right to veto (the right to veto) of the former railway corporation was in my hands.

‘It’s sweet.’

In other words.

In fact, I ate the Imperial Railroad Administration.

***

rumble.

I rode a horse-drawn carriage and drove through the city of Tokyo. The developed city of Tokyo in the 19th century was filled with telegraphs, neoclassical buildings, and luxurious black wagons. If there was one difference, it was the appearance of GHQ soldiers of the US Military Government distributing food to Japanese citizens.

James stayed by my side and faithfully continued his secretarial work.

“Director, it is said that the current supply of rice is insufficient. The rice warehouses of the Dojima Rice Exchange have enough to survive this year, but they say that next year is dangerous.”

“Spam? There’s not enough wheat and corn.”

“It’s not a Japanese stock, it’s said to cause rejection.”

“Rejection is Mr…. Don’t be bullshit. If you starve for 3 days, you’re supposed to eat anything.”

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Oh

Bad memories come to mind. The subject quickly changed.

“Isn’t that enough rice for the first time this year?”

“Yeah, rice wholesalers have a large amount of rice. They said they were stocking up for sale at the concession stand. Rotten quantities came out not too often.”

“So the citizens are starving to death, but the rice warehouses are overflowing with rice and rotting?”

“Yes.”

great.

This seems to be effective for the propaganda of the Japan Settlement Bank.

“In connection with the Asahi Shimbun, I report and write articles criticizing the rice wholesalers. And give me a little oil as the Japan Settlement Bank that subjugated the corruption. Image management is life in this kind of work.”

moral diplomacy?

The 21st century America has proven just how important a relationship of trust is. Especially when the president with a yellow haired lion’s mane destroyed his trust with his own hands. It is more profitable to build a good image by earning their trust than it is to destroy the relationship with the alliance.

The more friends, the better.

In a credit society, trust is a weapon.

The Japanese government is corrupt and corrupt.

Liberalism and Goodwill Military Government (GHQ).

“Still, come and find out where to buy rice. You can use Southeast Asian rice if you want to, but the type of rice is different. The working environment will be stale already, so you have to provide enough food to avoid dissatisfaction.”

“Yes, sir.”

“It would be nice if we could get some rice from Qing.”

Korean rice is also good.

“Let’s see if there are any grain companies involved in that market.”

“Please.”

rumble.

The wagon shook and slowly slowed down.

James opened the door of the carriage and got out.

“Im here.”

***

“Detroit, you work well with thugs like that. My skin trembles just looking at the eyes, but it’s the eyes of a complete murderer.”

Mitsui Bank Tokyo head office.

Sachs welcomed me back to the Japan Settlement Bank. Naturally, he was pouring Coke into a glass instead of coffee.

I laughed bitterly.

“They’re not gangsters, they’re the railroad bosses. They’re great business partners.”

“Well, as long as you can make money, it doesn’t matter.’

“Yeah, there’s a cola factory in British Hong Kong, can you bring me a box? Or I can tell Mr. Candler and give him a branch in Japan.”

“Did you call me?”

huh?

I looked back at the sudden familiar voice. Then, Candler, who was sitting in the blind spot, called for a cola bottle and came to him.

“Uh…why is Mr. Candler here?”

“Surprised, call me Arthur.”

“Yes, Arthur.”

“Yeah, I’m feeling a little bit relieved. I’ve been very upset about it. When I was given a dividend, I always came in person, and from time to time I only spent the secretary with my daughter. It felt like I was a bank teller. It’s very unpleasant.”

“Ah… ah ha ha.”

stabbed

I was very stabbed

In fact, I was watching it from an ATM, but my oily tongue was making fun of me regardless of my will.

“I was thinking of meeting you sometime. As I told Sax, Coca-Cola was seriously thinking about entering Japan.”

“That’s an enticing proposition. Originally, I was going to stay in British Hong Kong and do business in Qing, but it sucks.”

It’s a big market.

Arthur Candler clicked his tongue.

“Well, that’s why I was thinking of building a Coca-Cola Tokyo bottling plant through the Japan Settlement Bank. You’re the major shareholder.”

“Yes.”

“But it’s a bit bare-faced, so I brought some of my recent friends. They’re very interested in you.”

“Are you friends?”

Arthur Candler grinned.

“Uh, I’m the president of a grain company, and I’ve been getting along well lately. When I found out that you were a major shareholder of a Philippine company that monopolized the rice trade in Southeast Asia, my eyes changed.”

“Are you the president of a grain company?”

“Yeah. Now that I think about it, he may have known from the beginning and approached me. He was quite sincere.”

Arthur rubbed his chin deeply.

no wait.

“By the way, wasn’t Arthur in British Hong Kong? When was the American friend…”

“That friend also came with me. He was very interested in the grain market in the Far East. He is one of the strongest people in the Central Plains of the United States. more.”

A strongman in the Central Plains.

CEO of a grain company.

Family fights of prestigious families.

Why do I feel nauseous?

“What’s your name?”

“John Macmillan.”

This novel was posted at https://readwn.com

Oh soo.

Chicken meat came out of the skin.

Arthur Candler recited the monster’s name in Hangeul and Hangeul.

“You run a grain company called Cargil.”

ABCD is one of the four major grains of modern times.

ADM, Bunge, Cargil, LDC.

“So the person who says he’s interested in me is now…”

Cargill, the overwhelming No. 1 company, monopolized 40% of the global grain market in the 21st century.

Hegemony in the name of ‘food’ dominated the United States and the 20th century.

I was thrilled.

＜ Giants entering. (1) > end