1850 American Gold Baron

Chapter 310 The Crazy Railway Industry

The economic crisis in the United States follows a cyclical pattern, with an economic crisis erupting almost every decade.

This is also the law of development of the capitalist economy. Since the first economic crisis broke out in the United States in 1825, the American people have spent the next two hundred years in crisis, depression, recovery and upsurge.

The last American economic crisis broke out in 1837 and 1847 respectively, and the next one was in 1857.

In fact, the economic crisis of July or August is not that terrible. After being ravaged by several economic crises, American politicians and economists have also accumulated rich experience in dealing with economic crises.

If nothing else happens, according to the laws of capitalist economic development, the economy will basically recover to varying degrees in the next decade. The economic crisis that breaks out every September will be catastrophic.

"The Atlantic Railway Company has just secured a railway route of great commercial value, and I haven't had time to tell you yet." Garrett said proudly.

"Which route?" Liang Yao asked.

"The railroad route from Philadelphia to Chicago," Garrett answered.

Philadelphia was originally the largest city in the United States. After New York took the title of the largest city in the United States, Philadelphia was still the largest city in the United States in terms of economic size and population in the mid-19th century.

Needless to say, there is no need to say more about Chicago. Although Chicago is only a small city with a population of tens of thousands now, with the deepening of the Western Development Movement, it is only a matter of time before Chicago develops into a big city.

Garrett still had a good eye, after all, he was also a famous railroad tycoon later on.

Liang Yao's concern is that Chicago has great development potential, and many discerning people can see that Chicago's current development trend is not there.

Furthermore, Chicago's railways were already pioneered. The Erie Railroad Company already had a railway from New York to Chicago, and the distance between New York and Philadelphia was not far, only less than 150 kilometers.

"The Erie Railroad Company already has a railway from New York to Chicago. Building this railway will be a big test for the Atlantic Railway Company, and the cost will not be low," Liang Yao said.

"Don't worry, boss, we have won the support of the governments of the states along the way. Banks in the states along the way have also promised to provide us with low-interest loans to build railways. State governments also need to build new railways to absorb more jobs. And you are forming the Atlantic Ocean

When I was with the railway company, I left a good network of contacts for the company." Garrett said confidently.

"Atlantic Railway is a high-quality railway company, not one of those railway companies that blindly build rubbish railways for land. Please believe me, in the near future, your Atlantic Railway will become the most powerful railway company in the United States."

Garrett said that Liang Yao left a good network of contacts for the company when he established the Atlantic Railway Company. In fact, at the beginning of the establishment of the Atlantic Railway Company, Liang Yao absorbed the two banks of Barings Bank and the Rothschild family.

A heavyweight shareholder.

These two shareholders played a large role in the expansion of the Atlantic Railroad.

"You haven't encountered any resistance when acquiring land?"

The Atlantic Railway Company developed so smoothly that even Liang Yao was very surprised.

Liang Yao had thought that the development of the railway industry would be very good in the 1950s, but he did not expect it to be so good.

You must know that the Atlantic Railroad Company's projects are no better than those of the California Railroad Company. Most of the railways built by the California Railroad Company use unclaimed land, and there are no land ownership disputes.

The situation of the Atlantic Railway Company is exactly the opposite of that of the California Railway Company. The areas that the railway passes through are basically owned lands. If you want to buy these lands, others may not be willing to sell them.

"You don't know how crazy the railway industry is these days. The landowners are eager for us to buy a piece of their land and let the railway pass through their land, which will bring added value to their land. Some landowners even directly give away the land needed for laying the railway.

To the railway companies, the railway companies are only required to set up a railway station on their land.

Of course, more land holders use their land to invest in railway companies. This is the era of railways, and railways are everything," Garrett said.

"Even if you occasionally encounter a lawsuit, you don't have to worry. Our legal team at Atlantic Railway is very strong, and we have Lincoln lawyers."

"I know." Liang Yao nodded and said calmly.

Based on Garrett's few words, Liang Yao has keenly felt that there must be something wrong with the current barbaric growth of American Railways, and there is a railway bubble.

However, this bubble has just been inflated and will not burst yet. Historically, the bursting of the American railroad bubble in the 1850s followed the economic crisis of 1857. The Atlantic Railway Company still had five years to expand wildly, and Liang Yao also believed in his

judge.

As for the unhealthy development of the eastern railway industry, it is not an issue that he should worry about.

Liang Yao went to Augustus, where the Rothschild family's New York agent lived.

The year before last, when they purchased the shares of the Nicaragua Shipping Company from the Baring family and the Rothschild family and signed a gambling agreement, the representative sent by the Rothschild family was Auguste.

"General Liang, you are a rare visitor. This is the hat you asked me to get for you in Paris." Auguste puffed up his chest and showed the pocket watch strap to Liang Yao. He was afraid that Liang Yao wouldn't see it, so he immediately turned to the servant.

After waving his hand, the servant soon brought up two exquisite wooden boxes.

Liang Yao's visit surprised August. August said in surprise: "I didn't expect that the first person you visited when you came to New York would be me."

Liang Yao personally took the box and said, "This box is really beautiful. Thank you, Mr. August."

"My wife went to great lengths to get it from an acquaintance in Paris. This hat is in short supply, and you want two of them. All the ladies in Paris are crazy about it. They don't have it."

They were reluctant to go out and had to ask the men to get them a hat like this, otherwise they would threaten the man not to attend the party and make the man lose face.

Hey, I really don’t understand these vain women and those so-called fashion art people. They always like to promote ordinary things as very rare and precious.” August said with a smile, “Yes.

With this gift, I think you can easily capture the heart of any New York lady."

"I'm afraid the pocket watch in your pocket is also in short supply." Liang Yao smiled and pointed at August's pocket watch strap and said, "Men and women are the same when it comes to vanity, they just like to compare things.

It’s just different.”

"What you said makes sense." August subconsciously lowered his head and glanced at the watch strap on his chest, and then admitted it generously. Seeing that Liang Yao had no intention of entering the room to sit for a while, he couldn't help but ask

.

"You came to me today just to get this hat? Why don't you come in and sit down and talk about business matters?"

Taking a stake in the Atlantic Railway Company is the Rothschild family's most successful investment in the United States so far. It also makes August face a lot of face in front of his employer. August is very interested in discussing business with Liang Yao.

things on.

The success of the Atlantic Railroad Company and the American Group behind the railroad company also made August realize that this gold tycoon, who many wealthy people in the eastern United States scorned, had his own business excellence.

Liang Yao's success is no accident. Of course, in the gambling agreement between him and Liang Yao, losing is already a certainty.

Liang Yao's original promise in the gambling agreement was that the Atlantic Railway Company would make a profit within three years. Judging from the current situation, it may not even take three years. There is a high probability that the Atlantic Railway Company will turn a profit within two years.

(End of chapter)