1850 American Gold Tycoon

After the economic crisis broke out, riots broke out in almost all major cities in the east.

Liang Yao, who was far away in San Francisco, could only learn about the situation in the east from telegrams and newspapers.

But from these boring words, Liang Yao could still feel the strong smell of gunpowder and the confusion of the Buchanan government.

Fortunately, the impact of this economic crisis on the West Coast was relatively limited. There were no riots in the West Coast like in the East, and normal order was still maintained.

Also, the mainstream population in the West Coast is Chinese. The Chinese are relatively responsible and easier to manage than the Yankees and Dixies in the east.

"Although the economic crisis has not had a fatal impact on California's economy, the situation in the California railroad industry is not optimistic. There are 16 railroad companies whose shares are traded on the San Francisco Exchange. Except for the California Railroad Company's stock price, the decline is relatively small. , the remaining 15 railway companies also suffered large declines.

The railroad association sent me a petition asking California to follow Michigan's example and lend a helping hand and take over the railroads. After all, the railroad industry involves more than 50,000 jobs in the state. "

At the high-level meeting of the California government, Industry Secretary Fehr first spoke.

The railway crisis that broke out a month ago has now affected the banking, agriculture, steel industry, machinery manufacturing, foreign trade and other industries. It has been officially defined by the federal government as an economic crisis, not a simple railway industry crisis.

The various states have responded to the crisis in a variety of ways. Some have left it alone, while others have taken over the situation. Some have even continued to invest in the railway industry, hoping to raise the share prices of railway companies and stabilize the economy. The elites' approach to dealing with the economic crisis in this era is so unpretentious.

The San Francisco Exchange, which the Chinese prefer to call the Jinshan Exchange, was an exchange spontaneously formed in San Francisco in 1853.

Because the west coast is too far away from the east and transportation is inconvenient, local banks have difficulty meeting the financing needs of investors. So investors in California spontaneously established the San Francisco Exchange in San Francisco to meet their investment needs.

If Wall Street is the barometer of the American economy, then the San Francisco Exchange is the barometer of the California economy.

Governor Fremont took over the railroad association's petition from Fair. He was dissatisfied with the threatening wording of the petition. He snorted coldly: "Is the railroad association threatening the government? According to the laws of this state, the government There is no such obligation.”

"I think they don't have the guts yet. It's just that the stock price has been falling for days, which makes them talk unscrupulously." Secretary of State Gwen also frowned and said displeasedly.

"But this is really a bit outrageous. When the railway company's stock price soared, none of these investors thought of the state government, and now they expect the government to come out and wipe their butts."

"I agree with the views of the Governor and the Secretary of State. Speaker, what do you think?" Minister of Education Pearlman looked at Liang Yao, who had not yet spoken.

There are many big names here, and Pillman is just a soy sauce character. His influence is small to begin with, not to mention that the current discussion is about economic issues, not education issues.

Major resolutions in California ultimately depend on the attitudes of three people, namely the West Coast Chinese consortium represented by Liang Yao, followed by the Northern State consortium represented by the Boston Group, whose spokesperson is the former governor and chairman of the Boston Group. Robinson, a southern state consortium represented by Fremont, whose spokesperson is the current governor Fremont.

As long as these three people can reach a consensus, the resolution can be passed. Of course, the Chinese consortium represented by Liang Yao has the greatest say.

Without Liang Yao's nod, even if the representatives of the northern and southern consortiums reached consensus, it would be difficult to pass.

After all, in the state parliament, the number of Chinese state legislators has already exceeded half.

"Thomas, Brother Wu, Strauss, how is the situation in Oregon and Liangzhou?" Liang Yao looked at the three of them and asked them about the situation in Oregon and Liangzhou.

Although this was a high-level meeting in California, California still invited Oregon Governor Wu Yuanhua, Lieutenant Governor Thomas, and Liangzhou Governor Straus to attend.

After all, the entire West Coast has close economic ties. With the deepening of development, the population of the two states is also increasing. Liang Yao cannot focus on the locomotive of California and ignore the existence of the two carriages of Oregon and Liangzhou. Ignore them. the sound of.

Furthermore, among these three people, except Thomas, who was born in Oregon, Wu Yuanhua and Strauss all came from California, and they themselves are also core members of the California consortium.

"It's very different from the situation in California. Except for the railway industry, this economic crisis has limited impact on other industries." Wu Yuanhua said.

"There are not many railroad companies in Oregon, only three. These three companies also financed on the San Francisco Exchange. After California implemented an approval system for railroad construction routes, Oregon followed suit."

"Liangzhou is a new city. There is currently no decent railway company in the state. The railway lines in Liangzhou are currently still in charge of the California Railroad Company and the Ohio Railway Company. As long as the problems between California and Ohio are solved, the railway problems in Liangzhou will naturally be solved." Shi Traus said.

After understanding the situation in Oregon and Liangzhou, Liang Yao nodded and said: "My opinion is that I do not agree with the government taking over bankrupt and poorly managed railway companies like Michigan."

"You mean to leave it to its own devices?" Fair asked.

"We cannot let it fend for itself. After all, more than 50,000 jobs are at stake. Furthermore, we also need to stabilize the stock price of the railway company so that the people and outside investors can maintain confidence in California's economy." Liang Yao shook his head. .

“I’m thinking of a solution that would stabilize the railroad’s share price without making the state government suffer.”

In the morning, he met with representatives of Barings Bank and Banque de France. Representatives of the two banks were also testing his tone and asked him about the economic prospects of the West Coast region, led by California.

At the same time, they also made it clear that in view of the poor economic performance of the United States, Barings Bank and Banque de France have reduced their investment in the eastern region of the United States. As for the West Coast region, their two banks are still under investigation and have not made a final decision.

The two banks, Barings and the Banque de France, were very wealthy and the amount of investment withdrawn from the east must have been considerable.

If nothing else, the money will flow back to Europe. After all, the investment environment and business environment in Europe are much better than those in the United States.

Liang Yao did not expect to be able to eat all the investment funds that European investors withdrew from the east. California and the West Coast did not have such a good appetite and digestion ability, but Liang Yao still had the idea of ​​eating some of it.

The economic development of the entire West Coast region requires a continuous flow of money into the fuel tank as fuel to continue to maintain high economic growth.

Furthermore, domestic investors in the United States and other European investors are more and more clever. If they hear that Barings Bank and Banque de France not only did not withdraw their investment in the West Coast region, but instead increased their investment in the West Coast region, these people will We will also consider shifting our original investment in the eastern region to the west.

If these investments can be absorbed, it will be a great benefit to the California economy.

By then, there will be an economically depressed eastern region on one side and a stable and improving economy on the west coast. The west coast will no longer have to worry about attracting outstanding talents from the eastern region to contribute to the construction of the west coast.

"A solution that can stabilize the railway company's stock price without causing losses to the state government?" Ge Wen pulled his thick beard on his chin in a frenzy.

"How can there be such a good thing in the world that has the best of both worlds?"