1850 American Gold Tycoon

If he were sitting in Buchanan's position, Liang Yao would naturally not be able to clean up the mess of the American railroad industry and the economic crisis.

However, the problems in the rail industry on the West Coast are not as serious as those in the East, and they are not yet hopeless.

California's fiscal situation is also healthier than that of the federal government and eastern states.

"The scale of the railway industry in the West Coast is not as large as that in the East. I think California can still solve this problem with its financial resources." Liang Yao paused and said.

"The decline in San Francisco Exchange Railroad stock prices has more to do with the economic crisis in the East than anything wrong with our railroad industry itself."

"I agree with Speaker Liang's point of view." Fremont agreed with Liang Yao's point of view, he said.

"We are the only state that has introduced the "Railway Route Planning and Construction Approval Act." Almost all routes have been strictly planned and approved. There is no problem like in the east of indiscriminate construction of railways and waste of resources in order to obtain land. This state and the West Coast I don’t think regional railway companies are junk assets.”

There is no shortage of land in California and the entire West Coast region. The cost and threshold for investors to obtain land are lower than in the east. There is no need to rely on such dirty tricks as building railroads to obtain land to obtain land.

Fremont also believes that the railway industry in the West Coast is not as hopeless as that in the East. He even feels that the West Coast is underdeveloped and that railway companies in the West Coast still have a lot of room for development.

"Your Excellency the governor's words touched my heart." Liang Yao expressed his thoughts.

"I just asked Finance Minister Deng Wenyu that the state's finances still have a lot of surplus. My idea is that the Ministry of Finance organizes commissioners to evaluate the railway companies that the government intends to take over. Based on the results of the evaluation, a meeting will be held, and the state government can take some shares as appropriate. shares in railroad companies.

This will not only boost investor confidence in the state's railway companies. When the railway industry picks up, the state government will also receive dividends. "

"Brilliant, it's a great way to kill two birds with one stone," agreed Pillman.

"But the premise of all this is that the railway industry can pick up. If, I mean, if the railway industry continues to be sluggish and difficult to get out of the cold winter, the state government will suffer huge losses." Ge Wen was a little worried.

Recently, Gervin has received many telegrams from his mentor Corwin. In the telegrams, Corwin often expressed his bitterness to Gervin, regretting that when he was Minister of Finance, he allowed the railway company to grow wildly, which led to today's disaster.

Gervin does not want to see California go back to the old path of the federal government.

“So I suggest that the state finance department organization commissioner conduct an assessment and then hold a meeting to make a decision.” Liang Yao said.

"There is no investment with a 100% success rate. Since it is an investment, if you want a generous return, you will inevitably have to bear the corresponding risks."

"Your Excellency, the Secretary of State, believes that the proposal of Your Excellency, the State Speaker is feasible." Finance Minister Deng Wenyu, who had been silent until now, stood up to speak.

"Except for Caltrain, the stock prices of the remaining railway companies have fallen by at least 40%. If the state government invests in these railway companies now, the cost will not be very high. If unfortunately, this investment fails. I want to suffer losses, the state The government can also afford it.”

Deng Wenyu inspected some railway companies in advance. California's railway companies are far from insolvent, and California's population is still growing rapidly. If high-quality immigrants and investments from the east can be attracted in the future, population growth and economic growth will only increase. Take it to the next level.

That means California’s demand for rail transportation will only continue to grow.

"I also agree with the Speaker's proposal." Fremont also expressed his position.

"This is the first time that our state and city have directly invested in an industry, and I think the effect will be immediate."

The high-level meeting finally ended with support for Liang Yao's proposal, and the result was quite satisfactory.

"Okay, you are becoming more and more stable in your work." Liang Yao patted Deng Wenyu on the shoulder. He was very satisfied with Deng Wenyu's performance in the meeting today.

"I heard that you were admitted to California State University and plan to study law? The old Deng family is also going to have a college student."

"Third brother, please don't make fun of me. Thanks to the new California State University, the admission requirements are low and the exams are not strict, so I was able to pass. If I were to get admitted to an eastern university, I wouldn't be sure at all." Deng Wenyu was a little embarrassed.

In this era, the United States does not have a unified national college entrance examination. The way of college admissions is which university you want to study, and which university you take the entrance exam. The university will then select the best based on the actual situation and the test scores of the candidates.

Of course, if the family's financial resources are strong enough or there is a recommendation from an elite education committee at or above the state level, even the exam can be omitted.

"Are you studying law and planning to enter politics?" Liang Yao asked with his hands behind his back.

"I have this plan." Deng Wenyu nodded and did not deny it.

"It's good to read more books, but don't miss the business, understand?" Liang Yao said to Deng Wenyu earnestly.

"Remember the teachings of the Speaker!" Deng Wenyu said with a smile.

"Okay, stop joking. As the finance minister, please come and work with Zeiss to notify representatives of the Chinese Chamber of Commerce to come to Tingtaoyuan. I have something very important." Liang Yao rode on the Puma brand that Zeiss pushed. Bicycle, prepare to ride to the train station, and then ride back to Tingtao Garden.

Liang Yao's new house in Sacramento is still under construction. Except for his mother and Zoe who like to take their children to live in their old house in Sacramento with a better environment, he himself still lives in Tingtaoyuan in San Francisco for convenience.

Since Strauss had to take a train to Oklahoma City, Oregon, and then return to Liangzhou, he and Liang Yao were on the same road, so they rode to the train station in Sacramento together.

Liang Yao rode his bicycle on the clean and wide concrete road in Sacramento.

Since the launch of Puma bicycles, they have become popular all over the country and sold well overseas.

Cycling has become a new trend in major cities in the United States, especially among the urban middle class, who are proud of cycling.

At present, the production capacity of bicycles is limited and the supply exceeds the demand. Owning a bicycle is very cool and something to be proud of. Since bicycles do not produce feces like horses, major cities in the United States encourage citizens to buy bicycles and ride them.

Eastern states also frequently extended warm invitations to Liang Yao's General Machinery Company.

Offered very favorable conditions to attract General Machinery Company to set up factories in their state.

Because Liang Yao first needs to meet the needs and jobs of California. Currently, it only has one bicycle factory producing bicycles in New York and Texas, and has no plans to set up factories in other states.

Liang Yao rode this customized Puma bicycle on the road and attracted the attention of many pedestrians, making him the most handsome boy on the street.

"My mother said that you don't have to pay for the wedding gift, but if you don't have a bicycle, a sewing machine and a house, you can never marry me."

On the street, a girl looked at Liang Yao with great envy, pointed at Liang Yao's bicycle and said to her lover.

"I want a bike like his. His car looks good."

Hearing this, Liang Yao just shook his head with a wry smile and continued riding his bike.

"Your Excellency, you have done a good job."

Strauss stepped on the bicycle pedal to reach the fastest speed, then let go of his hands and rode with both hands, enjoying the feeling of the breeze blowing on his face, showing a cheerful smile.

A man's happiness is sometimes so simple.

"What good thing have I done again?" Liang Yao quickly followed Strauss and asked in confusion.