It was already ten o'clock in the evening and the auction continued.

Fatty won two auctions in a row, spending a total of $14.6 million. This price exceeded the budget. Li Mu guessed correctly. Fatty was Rockefeller's man. Carnegie became the biggest winner. He only spent $600,000 and got a share of one percent.

The word "only" is well used. If you exchange $600,000 for cash, many people have never seen so much money in their lives, but tonight, this is just the most inconspicuous transaction.

This is a real feast of wealth. I believe that after tonight, the witnesses present should have more motivation to pursue wealth. They definitely don’t want to be spectators next time.

Rockefeller is still generous enough. Although the cost is a little high, since he bought it, Rockefeller will never regret it. When he turned his attention to other aspects, Rockefeller's profiteering attribute began to play a role: "Reim, how about we join forces to set up an auction? Let's put the venue in Clinton Castle, and come here every now and then. What do you think?"

This is actually the first auction held in the United States. Before that, most people didn't even know about the auction.

Rockefeller didn't know before that in Rockefeller's estimate, the stock of Rose Company was worth about 60 million US dollars, so every five percent was 3 million US dollars. However, after the competition at the auction, these stocks sold an average of 7.1 million US dollars so far. Just looking at this result, it is obvious that the role of the auction is fully demonstrated.

"Of course, I'm actually planning to set up an auction house in New York, stocks, artworks, land, real estate, etc. As long as someone is willing to buy it, we can sell it. This is a great way, right? It can make the transaction safer and more convenient." Li Mu also had this idea and hit it off with Rockefeller.

"Then we must be as soon as possible. Did this guy come from the UK? If he waits for him to go back, the situation here will definitely attract the attention of his boss. Maybe we will face our competitors at that time." The matter of destroying bridges across the river does not have psychological barriers to Rockefeller.

"Haha, don't worry, this is our territory. Without our permission, British companies cannot get in." Li Mu has the confidence that as long as Li Mu is willing, Li Mu can do what the British do.

The British did not allow Junma Group to enter the UK. If Li Mu was willing, Li Mu could also ban British companies, at least in New York. With the relationship between Li Mu and Arthur, it would not be easy for the British to register a company in New York.

"Hahahaha-I like you-" Rockefeller smiled so badly.

"It's so disgusting, I don't need your liking." Li Mu refused, his sexual orientation was normal.

The auction is still going on, and the capable young man finally began to make efforts. He also won two consecutive auctions, but the amount spent has reached 15 million US dollars. It seems that 7.5 million has reached the limit. Every time he calls this price, everyone will stop.

Li Mu was not worried. The finale was nine percent. It is certain that it would trigger the most fierce competition.

The auction has been underway, and the process has been halfway through. Rockefeller has received 10%, Arthur has received 10%, J.P. Morgan has received 5%, Mitch Gilbert and Dick Anderson finally realized that fighting alone cannot compete with New York's tycoons. The two teamed up to get 5%, and John Vanderbilt still got nothing. It seems that he was putting the treasure on the last nine%.

It was time to rest again, and William Vanderbilt went up the second floor to find Li Mu.

"Reim, I need your help." William Vanderbilt came up and said things directly without going around the circle.

"Of course, it is my honor to be able to help you," Li Mu agreed.

"Reim, I'm going to get an emergency loan from Bank of America. I can use shares of Erie Railway as collateral. How much can you take out now?" William Vanderbilt came to find money.

"How much do you want?" Li Mu was so energetic.

Although railway stocks are falling, some stocks are still strong, and Yili Railway is one of them.

The Erie Railway went from Pyrmont on the Hudson River to Dunkirk on the shore of Lake Erie. When it was completed and opened to traffic, it was the longest railway in the world at that time. The rugged route brought many technical difficulties to the construction of the project. The estimated investment amount was only US$10 million, but by the time of completion, the cost of the Erie Railway was as high as US$23.5 million.

Due to repeated additional costs, investment companies were forced to go to Wall Street again and again to raise the funds they needed, resulting in a special capital structure, including a batch of convertible bonds that even allow holders to convert back and forth between bonds and stocks as they please, which is unique in the history of Wall Street, and this characteristic makes it a nearly perfect speculative tool.

The stocks of the Yili Railway were called "the scarlet woman on Wall Street", and the word can also be understood as "slutty woman", which shows how violently it was beating up and down at that time.

Today, the Yili Railway is no longer the longest railway in the world, and the Pacific Railway has long been replaced, but the particularity of Yili Railway stock has not changed, and it is still the best speculative tool.

"Ten million dollars." William Vanderbilt's lion spoke up.

William Vanderbilt knew the relationship between Li Mu and Bank of America. This auction was facilitated by Bank of America. All margins were included in Bank of America, and subsequent transactions must also be conducted at Bank of America. William only needs money to be turned on the books, which is not a problem for Bank of America. The money will not even flow out of Bank of America. Therefore, William Vanderbilt is confident that he will definitely get what he wants from Li Mu.

"No, no, although the Yili Railway is still valuable, it is not worth ten million." Li Mu immediately refused, because it was a loss-making business.

"Then add to the New York shipyard." William Vanderbilt is bound to win.

"Yes, 10% interest, if you are sure, you can sign the contract now." Although Li Mu has a good relationship with William, he is not ruthless at all when opening a black store. Business is business.

"You're so bad." William Vanderbilt was very dissatisfied, but he could only agree that at this point, only Bank of America can quickly mobilize large amounts of funds.

In fact, there is no need to transfer it. After all, the money is kept in the American Bank’s vault, but it is just circulating on the books, which is a matter of procedures.

"William, I have to remind you that if you bet on the last beat, then you should be careful." Li Mu kindly reminded.

So far, only five people have gained something. Stuart and Carnegie, who have lost all the money, have five of them empty-handed, including Jay Gould and Daniel Drew, who have been targeting each other. No one can relax until the last moment, and maybe these people bet on the last beat.

"Don't worry, no matter what, you will definitely get a high price in the end." William Vanderbilt was very upset, and quickly signed the contract, and then went downstairs immediately.

Li Mu was prepared for a long time, and the representative of Bank of America was at Clinton Castle, ready to provide loans to these tycoons at any time.

The representative of Bank of America is Lawrence. This guy is really good at abilities. This auction was organized by Lawrence. Although it was not much the same as Li Mu expected, it was only one week of preparation after all, so it was unexpected to be able to do this step.

"I heard that the Vanderbilt family's automobile factory is going to be put into production-" After William left, Rockefeller sighed indifferently.

William Vanderbilt has a keen sense of business. As soon as he saw a car, William Vanderbilt determined the future of the car, and then invested in an automobile research institute and purchased relevant patents from Junma Group to prepare to invest in an automobile factory.

Almost a year has passed, and the Vanderbilt family factory has indeed reached the delivery season.

"This is a good thing for us, right?" Li Mu was not worried. Competition was a good thing. Moreover, whether it was a car produced by Junma Automobile Company or a car produced by the Vanderbilt family car factory, they had to go to the gas station of Mobil Oil to refuel. No matter how they were wandering around, the money would still make Li Mu profit.

"If I were you, I wouldn't have cultivated a competitor." Rockefeller likes to eat alone, which can be seen from the style of Standard Oil.

Until now, Rockefeller is still worried that Li Mu owns 40% of Mobil Oil's shares. Of course, Rockefeller has no idea to tear up the agreement, because Rockefeller knows that Li Mu still has a trump card in his hand.

Although Rockefeller didn't know what Li Mu's trump card was, Rockefeller could feel that if Rockefeller squeezed out Li Mu from Mobil Oil, then Li Mu's counterattack would definitely be very sharp, and might not be able to bear it.

Rockefeller dared not take risks. Li Mu performed so magically, Rockefeller dared not underestimate Li Mu.

"John, it's a good thing to have competitors, so that we won't sleep on the credit line. We all need someone to remind ourselves not to slack off, otherwise we will definitely become frogs in warm water." Li Mu did not agree, this is a difference in business philosophy.

"Frog in warm water - what does it mean?" Rockefeller looked confused.

Well, Li Mu forgot, there is no Cornell University yet-

No, Cornell University has been established, on the east mountain of Ithaca Mountain, New York.

Cornell University held its inauguration ceremony and opening ceremony on October 7, 1868. A total of 412 students officially entered the school the next day. It was the largest university in the United States at that time.

Yes, that's true, this is the current situation of American education.
Chapter completed!