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Chapter Thirteen: Rockefeller (4)

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After the talks, Rockefeller Xiao asked someone to verify whether the sulfonamide patent was true based on the introduction materials given by Zhou Tian. At the same time, he sent the small bags of sulfonamide crystals to the Rockefeller Medical Research Center, allowing medical experts there to verify whether this drug is as magical as the information says.

Soon, the person who went to verify the patent came back and reported that the sulfamide patent was real and that the patent did belong to Sacred Heart Pharmaceutical Company. After the drug patent was confirmed, Rockefeller was a little expectant: If the Medical Research Center confirms the effect of the drug, he must seize this once-in-a-lifetime opportunity. This drug is likely to be a hen who can lay golden eggs. However, verifying the effect of the drug cannot be completed in a short while, and it will take at least a few days. Rockefeller had to patiently wait for the results from the Medical Center.

Sitting on the chair in the office, Rockefeller breathed a long sigh of relief and began to estimate the gains and losses during this period.

After negotiations today, Rockefeller won 30% of the development area of ​​the large oil field, which really made Rockefeller feel a little relieved for many days. Now, through direct or indirect methods, the Rockefeller Consortium can still control the oil production of Hamble Petroleum and Huamei Petroleum, which occupies an absolute dominant position in the large oil field. After Standard Oil Company was dismembered in 1911, Rockefeller Consortium developed again and its time to grow was initially grasped. If the sulfonamide drug was verified to be true, it would undoubtedly add a great help to the development of the Rockefeller Consortium. In this way, oil and medicines work together, at least Rockefeller will not have to worry about the current dilemma like he had been encountered a few days ago.

In theory, the Rockefeller Consortium is a large force in the United States now, with strong funds and there seems to be no problem that cannot be solved. But in fact, Rockefeller Jr. encountered trouble after the outbreak of the great crisis, or was it a big financial trouble.

The matter starts with a limited agreement and lease signed by Rockefeller Jr. and Columbia University on October 1, 1928.

In the 1920s, Manhattan began an outward urbanization process. However, due to some chaos at that time, the vicinity of Columbia University was likely to be disorderly developed, resulting in a mixture of local neighborhoods. This would have an adverse impact on the large number of real estates in the north of Rockefeller Jr. In order to change this unfavorable situation, Rockefeller Jr. decided to personally face the development and construction of the neighborhoods near Columbia University, and finally signed a relevant agreement in October 1928.

The agreement stipulates that Columbia University agreed that after the existing tenant expires the 31-year lease, the school will rent 12 acres to Rockefeller Jr., who will pay an average of $3.6 million a year to the school for the first 24 years. With an agreement with Columbia University, Rockefeller Jr. can purchase the center block for $2.5 million. But there is a prerequisite in this agreement, that is, Rockefeller Jr. must clearly promise the construction of the theater. If the theater's plan is not fulfilled, the land will return to Columbia University, and the university will then have the right to include the center block in a wider lease.

Of course, before that, Rockefeller Jr. had reached an agreement with the Metropolitan Theater Company. The theater company will sell its old theater near Broadway, and Rockefeller Jr. will buy land from Columbia University and transfer the property rights to the theater company. Then the theater company will pay him the cost of the land and his expenses. Then, the theater company will raise funds to build its new theater. In other words, Rockefeller Jr. will subcontract one of the land to the Metropolitan Theater Company for development after signing an agreement with Columbia University to obtain the land development rights. But among them, the Metropolitan Theater Company wants to

The developed real estate project became a prerequisite for Rockefeller Jr. to fulfill the agreement with Columbia University! Moreover, it was also clearly stipulated in the relevant agreement that Rockefeller Jr. was "the main debtor of all terms and commitments contained in the agreement, not the guarantor." This clause was just an agreement to increase confidence in the development project at that time, but more than a year later, especially after the stock market crash, this somewhat inconspicuous clause at that time became a fatal clause for Rockefeller Jr. It determined that Rockefeller Jr. was personally responsible for all economic obligations of the development work, regardless of whether the development work could be successful.

When signing the agreement, Rockefeller himself did not want to make money from this large-scale development project. He just regarded this development as a line of defense, a line of defense to prevent the depreciation of a large number of properties nearby.

After the agreement was signed, all aspects of work were carried out in an orderly manner, but after the stock market collapsed in October 1929, everything changed.

First, the board of directors of the Grand Theater Company found that it could not sell its old theater at all. So they found Rockefeller Jr. to showdown: unless Rockefeller Jr. completely donated the land to them and helped raise funds for the construction of the new theater, they would withdraw the project. Rockefeller Jr. immediately refused the other party's request.

Not only the Grand Theater Company withdraws, but as the economic depression worsens, companies that have previously expressed interest in building other blocks have also begun to withdraw, and even the exiters include Standard Oil Company in New Jersey, which is controlled by the Rockefeller Consortium.

To make matters worse, Columbia University refused to renegotiate the lease issue and even refused to make major changes to the lease. Anyway, with the Rockefeller Consortium, its income in the next 50 years is guaranteed, so it will not let Rockefeller break up easily.

After the crisis broke out, especially after all parties withdraw from the original development plan, Rockefeller Jr. has been weighing the pros and cons of whether to continue developing the project. If Rockefeller Jr. does not take any measures to improve the property, plus rent, real estate taxes and other expenses, then he is waiting for a loss of about $5 million per year. That is to say, the loss will reach about $120 million in the 24-year period of the lease. However, if there is no clear tenant commitment, the risk of developing land is greater. The construction cost of projects of similar scale is huge, and given the economic situation after the stock market crash, there is no confidence that tenants can be found after the building is completed.

Although the agreement will not be fulfilled until 31 years, regardless of whether the project starts or not, Rockefeller must find a way to increase the income of the consortium and himself as soon as possible before this. Of course, now it seems that the young Chinese have brought him the dawn of hope.

In addition, after the stock market collapse, in addition to the disputes arising from the agreement with Columbia University, the business war between Rockefeller and Morgan Consortium after the outbreak of the crisis also made Rockefeller Jr. Needless to say, other secret actions need not be described, just look at Rockefeller Jr. Taking advantage of the crisis, he acquired Chase National Bank, which was originally a member of the Morgan Consortium, after the outbreak of the crisis, and Morgan Jr. Jr. was also inspired to incite Citibank, which was the financial center of Rockefeller, to leave the Rockefeller Consortium, to get out of the Rockefeller Consortium. Of course, both sides seem to have gains and losses at the moment, and are temporarily in a state of peace, which also makes Rockefeller Jr. breathe a sigh of relief.

By noon on December 15, experts from Rockefeller Medical Research Center gave preliminary opinions on the effect of the drug sulfonamide. Experts believe that this drug has good effects in inhibiting bacterial growth and has good efficacy on enteritis, pneumonia and other diseases. Rockefeller Jr. was overjoyed after reading the relevant evaluation report and immediately asked someone to arrange for negotiations with Huamei Investment Company the next day.

At this time, Zhao Zhenzhong and others were busy counting a large amount of materials delivered from the futures exchange and depositing them into the warehouse that had been prepared long ago after acceptance. Of course, some materials such as grain, cotton, copper ingots and other materials were also started to load ships at the New York port.

On the morning of December 16, Zhao Zhenzhong and others came to the conference room of the headquarters of Mobil Petroleum again to discuss face-to-face with Rockefeller Jr. Since Rockefeller Jr. had already realized the value of sulfonamide, he accepted the conditions proposed by Zhao Zhenzhong and others. The two parties agreed that Rockefeller would acquire a 50% stake in Sacred Heart Pharmaceutical Company, and each party would jointly manage it. In addition to the original production plant, a large-scale pharmaceutical supplies factory would be built to produce sulfonamide and other medical equipment products in large quantities, so as to reduce the price of related items as much as possible, so that ordinary people could afford it. At the same time, Rockefeller Jr. also agreed to allow overseas students studying medicine from Sihai School to participate in relevant medical research work in order to further study.

After the agreement was signed, Rockefeller was in a good mood and chatted with Zhao Zhenzhong and others: "I'm a little curious, why are your Huamei Investment Company willing to come to us for joint development? And to reduce the market price of sulfonamide drugs so low?"

"Why we are willing to cooperate with you, if we want to find the reason, I think Mr. Rockefeller should thank Cottman." Zhao Zhenzhong thought about it and explained: "When I participated in the establishment of Qingdao University in 24 years, through Cottman, we received help from the Union Hospital established by Rockefeller in China. Union Hospital not only solved the problem of insufficient teaching power of the medical class at Qingdao University, but also paid the salary of medical teachers and provided many medical teaching equipment. We have always been grateful for this, and it is not surprising that we cooperated with Mr. Rockefeller in medicine this time."

"As for reducing the drugs to the low price agreed in the agreement, it is to allow the vast majority of people in the world to use more effective drugs such as sulfonamide and minimize some patients. Moreover, in doing so, we do not lose anything, we just gain less benefits."

"I'm sorry for Courtman's departure from Mobil," said Rockefeller Jr. regretfully. "Now, Mobil has lost an excellent staff member."

"Our Huamei Company also believes that Mr. Cotterman has good work ability." Zhao Zhenzhong nodded, "We are planning to conduct oil exploration in Southeast Asia in the future, and we will hire Cotterman to be responsible during development."

"Mobil has also explored many places in Southeast Asia, but has not obtained valuable discoveries." Rockefeller Jr. reminded.

"Mr. Rockefeller, sometimes you have to admire the invisible and intangible thing of luck." Zhao Zhenzhong smiled, "Just like the large oil fields in East Texas, before our Huamei Company drilled the first oil well, there were many oil companies or private explorations there, but none of them had valuable discoveries. Maybe this would be the case in Southeast Asia."

Rockefeller, a little bit of a temptation when he thought about what Zhao Zhenzhong said. Although he could not confirm the existence of luck, he was also a little moved and suggested: "If you are exploring in Southeast Asia, how about we cooperate?"

"Yes, as long as you can agree to explore oil in Southeast Asia, hire more Chinese workers from China nearby." Zhao Zhenzhong smiled and said, "Don't worry, Chinese workers today are not Chinese workers who came to the United States to hunt for gold in the last century. They were more hard-working and organized, and they were much better than local natives."

If Rockefeller thought that if he really explored oil there, it would be unrealistic to recruit a large number of expensive labor from the United States to go to Southeast Asia for oil field development. It would be better to recruit Chinese workers as Zhao Zhenzhong said, and then smiled and said, "It is not a problem to hire Chinese workers there. But when are you going to start?"

"The oil field development in East Texas must come to an end, and accumulate more experience in oil exploration and development. It is estimated that it will take 31 years." Zhao Zhenzhong said.

"Okay, we will cooperate then." Rockefeller nodded and said.
Chapter completed!
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