v3 Chapter 1384： 1 letter from old Mellon

The Mellon family has been undergoing major changes, and the wave of Richard King Mellon's illness has not yet subsided.

Now the major companies under the consortium have been besieged by many powerful enemies.

Every member of the Mellon family has a heavy heart, and no one can still have a smile on their face.

What they do the most is to constantly call to check the situation of each company, and then launch their full effort to raise funds.

What the think tank of the family office has to do is to sort out the current treacherous situation clearly and make a reasonable response plan.

Although Sandy is a member of the family, she has been married outside and she is also a woman, so she can only stay out of the game and can't intervene at all.

She certainly doesn't know the specific situation, but how could she not be able to detect it when she is smart?

So she can't avoid worrying about the family.

After visiting her unconscious father again, Sandy, accompanied by Xia Yu, went to the balcony of the corridor and looked out at the garden in the distance.

There was a trace of sorrow on her beautiful face.

"Sandy, you are pregnant. A negative attitude is not good for your health, and it will also affect our baby's development."

"Things have happened, all we can do is to think in an optimistic direction, everything will be fine."

Xia Yu gently embraced Xiandi and comforted gently.

Sandi leaned against Xia Yu’s arms and said quietly: "Husband, Dad has devoted all his efforts to the family. I heard other uncles and uncles say that Dad is the best person in the entire United States. With him, the family can be stable. ."

"But now my father is suddenly ill, and the family is in big trouble again."

"You said that if Dad wakes up, he will be disappointed, right?"

Xia Yu was silent.

This is destined!

The trouble the Mellon family is encountering must have been deduced by Richard King Mellon long ago, and he must be trying his best to avoid it from happening.

Who can be blamed for this happening now?

Does the blame family have not cultivated a qualified successor?

Or is it to blame him for suddenly falling ill and not staying for a few more years?

In Xia Yu's view, the root cause still lies in the cultivation of heirs, and he has not cultivated an heir who can do his own work.

But there is no alternative.

Although in order to maintain the rule and try to avoid the new ruling class, the United States implements happy education, but all major consortia and families implement elite education.

It's just that a person's achievement and upper limit are determined by many factors, such as personality, diligence, interest, innate IQ, etc. The acquired education level can only be said to increase the probability of being an elite, and increase part of the upper limit.

As for whether the top elites can be cultivated, no one can guarantee.

Therefore, the heirs of the major families are arranged in order, and the best person is constantly selected.

But unfortunately, the heirs of this generation of Mellon's family are not good enough.

So old Mellon thought of other ways, such as cultivating younger and more potential Leonard and Woodlow, or marrying his daughter Sandy to Xia Yu...

The latter point was already clear to Xia Yu.

So he came to the United States with Sandy personally and stayed there.

And he also let the family office conduct research like that, and also used various resources and funds, which are still lurking now.

The reason why he was sitting on the sidelines, what he lacked was an opportunity to intervene in a legitimate way.

Now, it depends on whether his ill old husband has left behind.

He didn't want to take the initiative.

After all, these are two different properties.

…

Throughout the day, the bad news kept coming, and almost all members of the Mellon family were out of breath.

The plan to increase the shareholding of Gulf Oil Corporation, which had already started, has also ceased.

In the evening, Leonard Mellon dragged his tired body back from Mellon Financial Corporation.

Beauty Finance Company is the family's core financial platform and a company established by the founders of the Mellon family.

Leonard Mellon served as the manager of the investment department in it, and he was considered a high-level manager.

Mellon Financial Corporation did not experience a crisis. After all, the Mellon family has maintained a cautious approach to this company from beginning to end, leaving no loopholes in the equity.

The only way to destroy this company is to mismanage itself, run on and other vicious events, which leads to the break of the capital chain and bankruptcy.

Therefore, in order to avoid this situation, although Mellon Financial Corporation has raised a large amount of funds urgently, it has not acted rashly. Instead, it continues to sort out risks and non-performing assets, and intends to clear some of it and withdraw funds for stability!

When he returned, he also happened to meet his younger brother Woodlow who had just returned from the Bank of New York.

"Woodlow, what's the situation with the Bank of New York?"

Seeing his brother's face looked ugly, Leonard Mellon's heart sank. Thinking of the equity situation of the Bank of New York, he took the initiative to ask his brother.

Although the Bank of New York is the second largest financial core platform of the Mellon Consortium, it is fundamentally different from Mellon Financial Corporation, because this company was acquired, and the Mellon family’s shareholding ratio is far less than that of Mellon Financial Corporation. Shareholding situation.

The Bank of New York was founded in 1784 and is one of the oldest banks in the United States. It was personally founded by Hamilton.

The stressor Hamilton is a representative of the United States Constituent Assembly and one of the drafters and signatories of the United States Constitution, the first Secretary of the Treasury of the United States, and the founder of the United States political party system. He is the left-hand man of George Washington.

During the development process, the Bank of New York successively acquired a series of companies such as New York Life Insurance Trust Company, Fifth Avenue Bank, and Empire Trust Company.

It is also in the process of continuous mergers and acquisitions that Richard King Mellon and his father continue to plan to turn the Bank of New York into one of the core financial platforms of the Mellon Consortium.

The difference is that the Mellon family’s equity in the Bank of New York is 28.2%, and the other controlled companies of the Mellon consortium collectively hold 27.5%. This adds up to 55.7% of the equity, which the Mellon family can control. .

This shareholding ratio is very safe in normal times, but the nature of the 27.5% shareholding is different from the 28.2% shareholding. Once the company holding the Bank of New York equity is out of the control of the Mellon family, it is difficult to say.

Because of age issues, even if Woodrow Mellon started relatively high, he was only a middle-level player at the Bank of New York and was still in the tempering stage.

"President Archer listened to my opinion. The bank is already clearing some of the funds in order to withdraw the funds, but in the stock market, someone is already buying the company's stock."

"Moreover, some major customers have applied for large withdrawals from the bank."

"This has caused some tension within the company."

Woodlow Mellon said slowly.

"Leonard, where's your side?"

Leonard Mellon said slowly: "It's okay on my side. Mellon Financial Company is not a commercial savings bank. The family has very strong control over the company. There has been no large-scale withdrawal for the time being."

"There is already a problem on your side. I heard that the Pittsburgh National Bank has a bigger problem."

"The enemy is launching a siege on us in all directions."

Woodrow Mellon nodded solemnly: "Yes, according to the current situation, we really may not be able to resist it."

"We have to plan to lose part of the company."

Leonard Mellon felt uneasy. He poured a glass of water directly into his mouth when he was upset. A lot of water also flowed down his chin and neck to his chest, wet his clothes.

At this moment, Leonard Mellon suddenly remembered something from six months ago.

He said to his younger brother Woodlow: "Woodlow, I remember a few months ago, after attending Sandy’s wedding, my dad called us to his study to teach us. At the time, he said, if there is a crisis in the family , And he can’t handle it, he can open the No. 3 safe in his study, which contains the things he left for us.”

Woodrow Mellon frowned slightly, and he thought about it for a moment.

"Go, let's go to Dad's study and open it to see what's in it."

The two brothers immediately walked upstairs.

Soon he came to Old Mellon's study and found safe No. 3.

They both knew the password of the safe, and Old Mellon had told them before.

Soon, safe No. 3 was opened, and there was only one envelope inside.

The envelope read "To my dear sons: Leonard, Woodlow."

Seeing this line of words, the two brothers were a little delighted, then opened the envelope and took out the letter written in it.

"Dear Leonard, Woodlow: Actually, I would rather this letter never be opened by you, because when you see this letter, it proves that I have had an accident and that the family is also in a huge crisis..."

"Both of your brothers are very talented. UU reading I have great expectations of you. What you lack is enough time and training..."

"If no one in the family can stand up and support the family, then you can go to Xia Yu for help, he will definitely help, he is more reliable than any of our family’s allies now, because only the fully integrated Mellon consortium can give him Help to give him a complete foothold in the United States. Our family loses power. It is only bad for him and no good..."

"The most important thing is that he has enough ability and strength. As long as he is willing to help, Morgan and Rockefeller will not be able to crush our family. As long as they do not lose control of the company, I believe that when you grow up, you will be able to revitalize the family again... "

"You must have this mentality. If you have to give up some companies, selling to Xia Yu is the best choice for our family."

"If you and your family are not sure to make a decision, you can listen to his opinion. He is the only person in the world who amazes me. If God comes to the world, then I believe that he is the incarnation of God."

"Father will always love you."

"Richard King Mellon, July 5, 1985."