Chapter 794: 272, Community of Shared Interests_2

As is well known, running for President in the United States actually involves a significant expenditure of money. Although it cannot be said that spending more money guarantees victory, spending more does, ultimately, increase the odds of becoming President of the United States.

“I am unable to provide you with funds for this matter, but I can assure you that the Army is very supportive of you!” General Pan Xing also made his promise.

Coolidge’s spirits rose from the depths back to the peak.

In fact, after becoming Vice President, Coolidge felt that he had become emotionally detached and was prepared to complete his term and then return to Ohio.

However, unexpectedly, the situation took a dramatic turn and he found himself having another chance to become President of the United States.

Such temptation is not something any politician could easily refuse.

Even though Coolidge knew that if he became President under these circumstances, he would become a spokesperson for consortiums like Donnie, Morgan, Mellon, and others, he still could not resist the lure of becoming President of the United States.

“Thank you all. If I do manage to become President of the United States in the future, I know what I’ll need to do.”

This was precisely the outcome that Donnie and others wanted.

They then moved on to discuss the second matter, which was Donnie’s acquisition of Breton Bank.

On this issue, neither Coolidge nor General Pan Xing had any comment. Breton Bank might not be one of the major banking consortiums, but without a doubt, if Breton Bank fell into Donnie’s hands, with New Jersey as a solid base, there would be no question that Breton Bank could become a superbank in the future.

This would put him in competition with Morgan and Mellon.

Morgan had been opposing Donnie’s acquisition of Breton Bank, precisely because of this reason.

Andrew Mellon was the first to express support for Donnie’s acquisition of Breton Bank. Of course, it was also made clear that after the acquisition, Breton Bank’s insurance business would merge with Mellon Bank’s insurance business to form a new insurance company, which would then be managed by Mellon Bank!

Jack Morgan was surprised; he hadn’t anticipated the connection between Donnie and Mellon to be this strong. At that moment, Jack Morgan finally understood why Donnie had been so sure of his success in acquiring Breton Bank. With the cooperation between Donnie and Mellon, even Morgan might not be able to win against such an opponent!

But now, these were just thoughts. Jack Morgan too, on behalf of Morgan, showed support for Donnie acquiring Breton Bank and indicated the collaboration between Morgan and Donnie. They proposed a joint bid for the Vanderbilt Family-controlled New York Central Railroad Company, where Donnie would take a supportive role, while Morgan would acquire the management rights to the company.

On the surface, it seemed like Donnie was at a disadvantage, giving up Breton Bank’s insurance business and the management rights to the New York Central Railroad Company.

Donnie’s gain was merely Breton Bank, a financial institution not considered a heavyweight.

However, this acquisition allowed Donnie to perfectly fill a gap in his industrial chain, firmly grasping the capital chain in his hands.

As for the insurance business, Donnie was more interested in international markets rather than domestic ones, so handing over the domestic insurance operations to Mellon was acceptable. Moreover, with the current partnership, Donnie could still earn a share of the profits from the domestic insurance market without increasing competition with other domestic banking consortiums.

Regarding the New York Central Railroad Company, Donnie had never intended to take it over. He was actually more interested in the Vanderbilt Family’s estates.

After gaining the New York Central Railroad Company, Morgan became a behemoth in the U.S. railroad industry, allowing Donnie through this relationship to provide more options for his United States Logistics company.

What was most important was that Donnie saw the future of the aviation industry as where he should set his sights.

Though the U.S. aviation industry often appears to be losing money, that is essentially just a process where the big fish eat the small fish.

With the advancement of airplane technology and as aviation becomes a key mode of travel, US domestic airlines have sprung up like mushrooms after the rain.

In a chaotic market, a few giants will emerge using various administrative and business tactics, initiating a predatory process within the U.S. aviation industry.

This will ultimately lead to the monopoly of a few major airlines over all U.S. aviation services!

The capital that supports these large companies in their predatory endeavors comes from the backing of their respective financial consortiums and contracts with the U.S. Government.

Donnie’s gaze is fixed on the airline companies!

After settling these two matters, Donnie and Jack Morgan did not linger in Washington but took the train back to Atlantic City the following day.

Upon arrival in Atlantic City, Jack Morgan rested at the Surf Hotel for one night and then returned to New York the next day.

Upon learning that Jack Morgan had returned to New York, Dick immediately met with him; Laze Madison was also in attendance.

Jack Morgan received the two in his office, but he did not provide them with the answers they were seeking.

Source: Webnovel.com, updated on Novlove.com