America 1919

Chapter 1585 579: Morgan's Split Is Now Inevitable (Part 2)

Now that it involves the Morgan split, it inevitably ties into these people's interests.

In this situation, it's foreseeable that this will be an exceedingly difficult matter.

"Richard is lobbying the Wall Street elites, and John is also establishing the Freedom League against the New Deal.

Perhaps it will create a different situation!"

Jack Morgan said to Donnie. He believed that even if he didn't mention these matters, Donnie would certainly know about them.

After all, both alliances needed Donnie's participation.

Franklin Roosevelt has already signed the "Glass-Steagall Act," but considering Morgan's scale, he granted Morgan a buffer period.

However, during this buffer period, Morgan and his backing forces do not wish to concede just like that.

Richard Whitney, the chairman of the NYSE.

At this time, he is actively uniting to launch a strong lobbying offensive in hopes of repealing the Securities Exchange Act. They are operating out of a venue jokingly called the "Wall Street Embassy" in Georgetown, warning that federal regulations would turn Wall Street into a "desolate village."

Meanwhile, John Davis, Jack Morgan's lawyer.

Is connecting bankers nationwide, hoping they can stand together to oppose Franklin Roosevelt's New Deal.

From these people's actions, it is actually apparent that they have no other options.

"Jack, my friend, if their efforts were effective, I would certainly join them.

But the current situation is that Franklin Roosevelt has through months of policies thoroughly aligned the public and Congress with his side.

I believe during this time you must have contacted many Morgan-friendly congressmen.

Their reactions have explained everything!"

Donnie and Morgan are allies.

Similarly, Donnie is also allied with Franklin Roosevelt.

Now Donnie's two allies stand at opposite sides, and Franklin Roosevelt is clearly in the advantageous position.

Whereas the Morgan split actually aligns more with Donnie's interests.

So regardless of the current objective situation or subjective judgment, Donnie can't participate in these two alliances.

Jack Morgan let out a sigh and looked at Donnie, "Block, Venus Bank has already surpassed Morgan!"

Clearly, although Jack Morgan didn't know about Donnie's alliance with Franklin Roosevelt, he knew Donnie would prefer Morgan's split.

Donnie paused for a moment in silence and then said, "But that is the best result for Morgan."

Jack Morgan waved his hand, not wanting to dwell on this matter too much since he still needed Donnie as his ally.

"Block, have you thought about what if Morgan could win this time?"

Donnie shook his head, firmly stating, "Impossible, Jack, you and I both know that during peaceful times, even Venus Bank needs to give way to Morgan's influence.

But now is not a peaceful time.

The energy that people release now compared to during peaceful times is entirely different.

Especially in the current environment!"

"Can't you give me some confidence?" Jack Morgan shifted his tone, no longer confronting Donnie directly.

Donnie laughed lightly and said, "Jack, as a friend, I can offer you some advice."

"What advice?" Jack Morgan looked at Donnie with slight excitement.

Donnie said, "Actually, you and I both know the reason I hope for a Morgan split is, first, Morgan as a whole will always be Venus Bank's greatest rival.

Second, naturally, in hopes that if Morgan splits in the future, Venus Bank might acquire one of the Morgans through various means!"

Facing Donnie's frankness, Jack Morgan was not at all surprised. If he couldn't foresee even this much, he wouldn't have been able to control the largest bank in the world.

"So, Donnie, what is your advice for me?"

At this point, Jack Morgan no longer referred to Donnie as Block!

Donnie smiled and said, "If I'm not mistaken, if Morgan must inevitably face a split, they will certainly have a senior partner join forces with a Morgan Family member to take over part of Morgan's business!"

Jack Morgan nodded, not denying Donnie's analysis.

The two were like two opponents laying their cards on the table, yet also like two farmers needing to guard against each other while still having to cooperate.

"And your thought must be that after Franklin Roosevelt's term ends, you'll seek opportunities to merge again with a new government!"

Donnie looked at Jack Morgan with intense focus.

These were Morgan's thoughts during their original timeline split.

Jack Morgan nodded again.

Donnie smiled and said, "Then I must tell you, in that scenario, the Morgan Family's glory will continue, but Morgan's notion won't be feasible!"

Jack Morgan finally showed a puzzled expression and asked, "Why?"

Donnie pointed toward the direction of the East.

"In the distant East, before the Qing Dynasty, there was a ruling era called the Ming Dynasty. The founding emperor Zhu Yuanzhang, after establishing the Ming Dynasty, to stabilize the Zhu family's imperial power, enfeoffed his sons across the lands to guard the borders for the Ming Dynasty.

As a result, after Zhu Yuanzhang died, his grandson inherited the throne. When he wanted to retract the power from his uncles, one uncle rebelled!"

Jack Morgan fell into silence. He hadn't heard this story before.

Finally, Jack Morgan asked, "What do you mean by that?"

In the face of Jack Morgan's question, Donnie continued, "Power and wealth are forever pursuits for men.

No one can give them up.

Now when you split Morgan, do you let a Morgan senior partner and one of your sons take over the spun-off Morgan business?

What they see are power and wealth already in their hands.

Do you think anyone would so easily give up power and wealth at hand?

This can't be resolved just because that person is your partner or your son!"

Jack Morgan's face slightly changed, "There's another problem in the Eastern story you told. It was because Zhu Yuanzhang died, his son rebelled!

As long as I can solve this matter while I'm alive, there won't be a problem!"

Donnie calmly said, "Then let me tell you another story."

Jack Morgan nodded.

Donnie said, "Again from the East, before the Ming Dynasty, there was a powerful empire called the Tang Dynasty.

The Tang Dynasty was established because of Li Shimin's charges in battles, securing a vast territory for his father.

But after establishing the Tang Dynasty, Li Shimin's father wanted to pass on the rule to Li Shimin's elder brother.

For his rightful power, Li Shimin launched a rebellion in the Tang Dynasty's Xuanwu Gate, killing his brother, seizing power and essentially dethroning his father.

The story didn't end there!

After Li Shimin became Emperor of the Tang Dynasty, he appointed his eldest son Li Chengqian, but he preferred his other son Li Tai.

Feeling the pressure, Li Chengqian, eventually made the same decision as his father.

He launched a rebellion!

However, Li Chengqian's rebellion ultimately failed!"

Hearing this story, Jack Morgan sighed deeply, "So, Donnie, you're saying no one can refuse power and wealth in hand!"

Donnie nodded, "Yes, including your sons!"

Jack Morgan couldn't help but laugh bitterly, "But if what you say is like this, I shouldn't allow Morgan to be split at all!"

Donnie shook his head, "I only aim to remind you, when the split is unavoidable, what you need is absolute control, so that even if your sons or subordinates wish to rebel, you can suppress their rebellion!"

A Morgan split is already inevitable, but Morgan's decision for the split is rash!

This suggestion doesn't make it a good piece of advice for you!" Jack Morgan looked at Donnie, confused!