Chapter 1387: The wheel of fortune turns! Strike back!

'Leonard, you met John Chris Morgan?'

News about John Chris Morgan always spreads fast.

When Leonard Mellon and Xia Yu returned to Philadelphia, Pennsylvania from New York, Paul Mellon immediately sought out his nephew Leonard Mellon to find out what had happened.

'Yes, Uncle Paul, I went to talk to him about a collaboration!'

Leonard Mellon said calmly.

Paul Mellon frowned slightly, a little annoyed that Leonard Mellon had acted without consulting him.

But he remained patient and asked for details: 'What kind of cooperation did you talk about?'

Leonard Mellon smiled and announced the result: 'It's actually about John Chris Morgan transferring some of his shares to us, including those of the New York National Bank, the Pittsburgh National Bank, the Martin Marietta Corporation, and Westinghouse Electric Corporation...'

As Leonard Mellon continued to talk, Paul Mellon was very surprised, and the slight annoyance he had felt earlier had long since disappeared.

He hurriedly asked, 'John Chris Morgan agreed?'

'He agreed on the spot, and I took the opportunity to make friends with him.'

'As for the specific acquisition details, I am preparing to come back and talk to you to arrange for someone to deal with it.'

'Well done!' Paul Mellon subconsciously applauded.

This is absolutely excellent news for the Mellon family.

These days, the pressure from Rockefeller has been felt by the entire Mellon family, and Paul Mellon has trouble sleeping at night.

But if he could take over the shares held by the Morgan consortium at one go, then Rockefeller would be in trouble!

After his initial joy, Paul Mellon calmed down.

With a serious expression on his face, he asked, 'Leonard, why did John Chris Morgan agree, and what did you give him in return?'

'I told him that we would sell him the 11.84% stake in the New York Morgan Trust Company held by the family!' Leonard Mellon reported truthfully.

'No, where did our family get so many shares? I remember it was only 8.72%!' Paul Mellon was stunned and asked back with a frown.

'Yes, but I asked my brother-in-law Xia Yu to help buy 3.12%, so it adds up to 11.84%.'

Leonard Mellon calmly told the truth.

At this, Paul Mellon was silent.

After a long while, Paul Mellon said, 'We have to thank him in the future.'

'It's fine to lose the shares of the Morgan Trust Company in New York. After all, your father hid these shares, just in case they could play a huge role one day, and now they have been put to good use.'

'Only companies that can be controlled are truly your own.'

'Leonard, you have done well, and you have grown a lot, which I am very pleased about.'

After saying this, Paul Mellon patted Leonard Mellon on the shoulder, his eyes full of gratification and appreciation.

Leonard Mellon was overjoyed, but he suppressed his smile and remained humble: 'Uncle Paul, I still have a lot of room for growth. Today, after talking formally with John Chris Morgan, I realised that I am still quite a long way behind him.'

'But I will continue to work hard, and strive to be able to talk and laugh with John Chris Morgan with confidence as soon as possible.'

Paul Mellon's eyes grew more and more gratified as he said with emotion, 'It's good that you have this mentality. Very few people in the family dare to negotiate directly with John Chris Morgan, and you have already done what most people cannot do.'

'Keep up the good work, and if you have any problems, you can discuss them with me, and I will support you.'

'Okay, thank you, Uncle Paul!' Leonard Mellon said hurriedly.

'Close the deal with John Chris Morgan as soon as possible. The family and the consortium have been in turmoil for a long time, and there is no more time to waste.'

Paul Mellon once again patted Leonard Mellon on the shoulder, gave him a piece of advice, and then walked away with a relaxed expression.

'I'll get right on it!'

Leonard Mellon shouted in response, watching Paul Mellon's back.

Thinking about the conversation just now, a smile finally could not be concealed on his face.

He had succeeded!

After that, Leonard Mellon threw himself into his work with renewed vigour.

...

Both the Mellons and Morgans wanted to help each other as soon as possible in order to take advantage of the Rockefeller consortium.

Strategic interests at the level of the consortium were of little concern when compared to the interests of the individual parties.

Time was of the essence.

Therefore

the deal was concluded in record time, in just one day!

With the help of the Morgan consortium, the Mellon family completed its takeover of the Bank of New York and the National Bank of Pittsburgh.

It also secured control of the Martin Marietta Corporation and Westinghouse Electric Corporation.

Seeing the Morgan consortium step in, the wavering original wallflower instantly stood firm, and the Lockheed merger proposal became much less attractive.

The Mellon family took the opportunity to deepen its control over the four companies.

This annoyed David Rockefeller, but he didn't have the energy to deal with it.

Because John D. Rockefeller had already been dealt a blow by him.

By acquiring 11.84% of the Mellon family's shares in the deal, plus the shares he already held,

the Morgan consortium was able to add three directors to the board of the J.P. Morgan Trust Company in New York!

The Rockefeller consortium, which had previously held a complete grip on the board, had two more directors than the Morgan consortium.

But now the situation had reversed, and the Morgan consortium had gained one more seat!

However, with just one more seat, John Chris Morgan was not completely successful.

John Chris Morgan wanted to take back the J.P. Morgan Trust Company of New York and rename it J.P. Morgan & Co. He needed to completely control the board of directors and either take the position of chairman of the board himself or arrange for someone to take it.

This would require a lot of work, buying out the shares of other shareholders or persuading other directors to switch sides.

After receiving the news, David Rockefeller was furious and immediately formulated a defensive strategy.

The J.P. Morgan Trust Company of New York was a bank, but as the fifth largest bank in the United States, it was linked to too many companies and assets.

If John Chris Morgan were to take control, then with his abilities, he could cause significant harm to the Rockefeller consortium, and the strength of the Morgan consortium could rise by a notch!

The importance of this matter has already been ranked first!

Soon, the two major forces began to fight around the J.P. Morgan Trust Company of New York.

The other shareholders just sat back and watched the big boys fight, waiting to side with the one who promised the most benefits!

It can be said that with this move, Xia Yu made sure that the two future giants would fight to the death!

And as the Rockefeller empire lost the offensive, other forces also realised that the Mellon empire had completed its contraction of the front.

Continuing the offensive would not get them any benefits, but would instead easily attract retaliation from the Mellon empire, which would set an example.

Therefore, no matter how fast these enemies came before, they are now retreating as fast as they can, and have all gone quiet.

The Mellon family has a very good environment for consolidating their strength.

But at this time,

after consulting with Xia Yu, the two brothers Leonard Mellon and Woodrow Mellon personally called Peter Lynch, the president of Polaris Capital.

Leonard Mellon then approached Paul Mellon and expressed his thoughts.

'What, you want to attack the Cleveland Consortium with the North Star Consortium?'

'And the reason?'

Paul Mellon looked intently at his brilliant nephew with a serious expression.

Leonard Mellon spoke eloquently: 'Uncle Paul, our family has completed the plan to narrow the front, the strategic objectives have been achieved, and all that remains is the work on the details. The resistance has disappeared, it just takes time.'

'We responded with full force at the beginning, preparing more than 20 billion US dollars in funding, and we have only used a portion of it. We still have a large amount of liquid funds in our possession.'

'The Bank of New York and the National Bank of Pittsburgh are also firmly under our control, so in fact the amount of funds we can freely use has increased.'

'During this period of time, there have been fluctuations in the morale within our family, and externally, the influence of our family has also declined quite a bit.'

'So I hope to be able to regain our prestige through a war, so that everyone knows that even if my father does not wake up for the time being, the Mellon family is not to be offended!'

'There is no great meaning or benefit in attacking an average enemy, but the Cleveland Consortium is different.'

'Now the Cleveland Consortium is caught off guard by the attack of the Polaris Consortium.'

'Other forces are also eyeing the Cleveland Consortium, so we can be sure that the Cleveland Consortium will definitely suffer.'

'There is little risk in joining the attack, but with our strength, the results will definitely be significant.'

'Another important point is that the Polaris Consortium is our ally. Because they helped us, they were retaliated against by the Cleveland Consortium. Fortunately, the Polaris Consortium responded quickly and eliminated a major crisis, but they also suffered losses, which is why they are counterattacking the Cleveland Consortium.'

'So whether it's to thank our allies or for our own sake, we should join forces with the Polaris Consortium at this time to retaliate against the Cleveland Consortium!'

'...'

After hearing Leonard Mellon's reasoning.

Paul Mellon gave his nephew a deep look, and then nodded and said, 'You see very clearly.'

'I fully support you.'

'Go and gather the family members, and hold a family senior meeting tonight, and then tell them your plan.'

'I'll go first, and I'll help you with the rest of the work of stabilising the family.'

'Thank you, Uncle Paul!'

Leonard Mellon said happily.

As he watched Paul Mellon's back, Leonard Mellon clenched his fists and punched the air.

Calling a family meeting and chairing it was the right of the head of the family.

After Richard King Mellon fell ill, Paul Mellon had been responsible for calling and chairing the meetings.

But now, for the first time, that power was in his hands!

The position of head of the family was beckoning to him.

He had spent the afternoon carefully preparing.

In the evening, Leonard Mellon once again expounded his views and plans.

This time, even though Paul Mellon did not give him support at first, Leonard Mellon convinced the family executives, who had been simmering with anger for a long time.

This in turn made Paul Mellon feel even more gratified, as it meant that the family's hearts had once again come together.

In the end, the Mellon family executive meeting unanimously approved and supported Leonard Mellon's proposals and decisions.

Attack the Cleveland Consortium!

The next morning, the Mellon Consortium directly sounded the horn of attack and launched an attack with great fanfare.

For a time, no one knew what to think.

Many people sighed, feeling that the wheel of fortune had turned...