Fox of France

Now that Nathan Rothschild has already assumed the posture of Mr. Chang on September 18, the next thing is of course simple. Basically, everyone arranges how to cheat people together. The two quickly reached an agreement on various operations, and Jerome was dumbfounded when he heard a set of coquettish operations.

The two sides quickly reached an agreement on the basic operation, and then made an appointment with each other about the time to do it. Nathan Rothschild and Mr. Bowen left the small living room together, and came back to the back garden to continue talking with other people. The guests chatted and laughed happily.

"Look, this is Rothschild." Seeing Rothschild chatting and laughing as if nothing had happened, Bowan said to Jerome, "Calm and rational, not human. What a terrible guy." .”

"Is that so?" said Jérôme, "it seems to me that he yields easily."

"No," Bowang said, "he just knows what he can do when. This is the most terrifying thing. If I don't have your brother or the whole of France behind me, I may not be able to compare with him."

"Monsieur Bowan, you are rarely so humble." Jerome laughed.

"That's because there are very few people worthy of humility," Bowan replied.

After the meeting was over, Rothschild returned home and immediately began to arrange related matters. He first visited Metternich, who was about to pack up and return to Vienna at this time. Because of his excellent performance as ambassador to France in these years, Metternich should have been promoted long ago. It's just that Austria is worried that his successor may not be able to take over Metternich's class, and secondly, Metternich is also somewhat reluctant to be the ambassador to France. Because this position can bring him a lot of wealth. Compared with the foreign water that he could get in Paris, the salary that Austria gave him was really not enough for Mrs. Metternich to buy a bag.

But such a vacancy, who in Austria is not jealous? Even His Majesty Franz was a little jealous. Of course, other people also gathered around His Majesty Franz, telling him that Metternich was the talent of the prime minister, and that it was too much talent for a small ambassador. It will also make people mistakenly think that we in Austria have no knowledge of people and the amount of people we employ. Therefore, I hope that His Majesty will recall Ambassador Metternich as soon as possible and entrust him with important tasks...

As for Metternich, although he was reluctant to part with the money, he also knew that if he continued to occupy this position, it might really happen that something happened. So he had to accept the domestic arrangement aggrievedly and planned to return to China to serve as the foreign minister, and His Majesty also told him in private that he would definitely be the prime minister of the empire in the future.

It's just that Metternich let go, but there was another problem in Vienna. Because several aristocrats with considerable background were vying for this lucrative position, it was impossible to choose a new ambassador for a while. However, before the end of this month, a new ambassador would definitely arrive.

Hearing that Rothschild was visiting, Metternich received Rothschild in his reception room. Rothschild didn't exchange many pleasantries, and told Metternich directly about the possible collapse of railway stocks. Then he said to Metternich: "The collapse of railway stocks is inevitable, but this is not necessarily a bad thing. As long as we plan ahead, we can also use it to make a lot of money. Well, Mr. Bowang said, big Depression is not necessarily a bad thing, only in the Great Depression, those stocks that are really valuable will return to their real owners. (This sentence was said by the rich American Jr. Morgan in history.)”

But Metternich has more things to consider than Rothschild. Rothschild is not worried about the blame being pinned on the Jews, but Metternich needs to consider whether the pot will fall on Austria. Because he knows that if this incident turns into a big recession, it is likely to trigger a war. And no one wants to be the target of the French military machine.

"We have to take a step back, at least after the Bank of Rome acts before we can officially act." Metternich said.

"In this case, there will be much less money to be made." Rothschild said, "When the Bank of Rome is out of business, with their appetite, they won't have much to give us."

"Nathan, we are different from you. We must have more political considerations." Metternich said, "It's really a chaotic era. You know, the dust of the era falls on everyone, Even if it falls on the head of a country like Austria, it is a big mountain. We have to be a little more cautious. However, the part of my personal wealth that you represent for me can be manipulated by you."

So Rothschild said goodbye and left.

A few days later, as soon as the stock market in Paris opened, news came that the "Titan Railway Company" was preparing to reduce freight rates. Immediately afterwards, some people began to sell a large number of railway stocks, and the price of railway stocks began to fluctuate. However, in the afternoon, the railway stocks began to rise again. When the market closed, although they fell slightly, they did not fall particularly much.

But just after the market closed, new rumors emerged: Because some banks began to tighten loans to railway companies, for example, Rothschild Bank sold out the debt of the railway company in its hands a few days ago, and it is no longer available. Then provide loans to railway companies, so more railway companies have to lower freight rates in order to strive for a larger market share.

The next day, before the market opened, Kommersant published another article. This article points out that there is systemic risk in railroad stocks. The article also pointed out that some railway companies have resorted to price wars and vicious competition, which will further lead to the overall shrinkage of the market.

The impact of this article was felt immediately after the opening of the market. Although the bulls resisted vigorously, by the end of the day, the railway stocks fell by about 10%.

But the next day, the situation reversed again, because "Kommersant" interviewed Mr. Cisse, the general manager of "Railway de France", and Mr. Henry said that "Railway de France" had no plans to lower prices. "We're not going to do that bitch bitch bitch stuff," Mr Cisse said.

With this responsible statement of the "French Railway Company", the market was given a shot in the arm, so on this day in the market, the railway stocks slammed and almost completely regained the position lost in the previous two days.

However, soon, people discovered a strange thing, that is, some people kept throwing out the shares of "Railway de France", and the amount was so large that when the prices of the entire railway stocks were rising, "French Railways" The stock price of the railway company also fell slightly. If there is one of the various railway companies that is in the best condition, it is undoubtedly the "French Railway Company". It is quite unusual for such a situation to occur nowadays. As a result, various rumors appeared one after another, and many people were saying that there was a big problem with the railway stocks, and now the bankers were going to run away.

"Kommersant" interviewed some major shareholders of "French Railway Company" again, and they all said that they did not sell the shares of "French Railway Company" on a large scale. But this time, the report only backfired. After all, everyone is not all fools. If these guys didn't sell a lot, then are there so many "Railway de France" stocks on the market thrown out by retail investors?

So the situation reversed again, and the stock of "Railway de France" took the lead in plummeting. In just one day, the stock of "Railway de France" fell by 60%. Driven by it, the entire railway stocks began to plummet. By the end of the day the entire railroad stock had lost nearly half its value.

The next day became even more tragic, because the "French Railway Company" sent a message. Declare that they are ready to lower prices and expand market share. They may be trying to use this method to boost the stock price, but this move has the opposite effect. It is impossible for other railway companies to win the price war with the "French Railway Company". Once the "French Railway Company" joins the price war, it is almost equivalent to announcing their death sentence. As a result, the entire railway sector plummeted. By noon, most of the railway stocks were less than one-tenth of their prices when the market opened in the morning.

In the afternoon, the panic intensified further, and people began to throw away their stocks irrationally. Many railway companies, calculated by the value of their stocks, were seriously insolvent. As a result, the panic spread from the railways to the banks, and the stock prices of some banks with a large amount of railway debts in their hands also began to fall sharply.

By the end of the day, the stocks of most railroad companies have become worthless papers that are not even as good as the stocks of the year. Almost everything can be sold by the catty. The bank stocks also fluctuated by about 20%.

The volatility turned the next day into a run on the banks that supposedly owned large amounts of railroad stock or debt. Some banks suddenly fell into a cash shortage and had to close their doors forcibly. At this time, in order to keep the bank, some bankers had to go to the Bank of Rome, or any other bank that could get cash. Then, their equity and creditor's rights were naturally pledged to banks such as the Bank of Rome at a frighteningly low price.

"The market crash is not necessarily a bad thing." Bowan said to Jerome, "Your elder brother, Academician Bonaparte once told me that in the Great Depression, those stocks that are really valuable will return to him. It’s really in the hands of the real master. That’s a good saying, and it makes sense!” When he said this, M. Bowan had just paid one-tenth of the capital he received when he sold the shares of the “French Railway Company” , bought back nearly double the number of shares in the "French Railway Company".