1850 American Gold Baron

Chapter 507 Both want and want

Author: fish nest

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 can still feel the strong smell of gunpowder and the Buchanan government's confusion.

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, and 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 railway industry is not optimistic either. There are 16 railway companies' shares traded on the San Francisco Exchange. Except for the California Railway Company's stock price, the share price is strong and the decline is small.

, the remaining 15 railway companies also suffered huge declines.

The railroad association submitted a petition to me, and they hope that California will follow the example of Michigan and lend a helping hand to take over the railroad company. 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 Fair 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.

Various states have responded to the crisis in a variety of ways. Some have left it alone, others have taken over, and some have even continued to invest in the railway industry, hoping to raise the share prices of railway companies and stabilize the economy. This

The elites of the era responded to the economic crisis in such a simple and unpretentious way.

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 distance between the West Coast and the east was too far and transportation was inconvenient, local banks could not meet 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: "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 several days, which makes them talk without hesitation." 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 a lot of big shots 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 spokesman 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 reach consensus, it will 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, and 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 no decent railway company in the state for the time being. Liangzhou's railway lines 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." Si

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 can stabilize the railway company's stock price without causing losses to the state government."

In the morning, he met with representatives from Barings and Banque de France. Representatives from the two banks were also probing him and asked him about his economic prospects for 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 Banque de France, are very wealthy, and the amount of investment they have 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 sophisticated than the other. 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 east coast with a sluggish economy on one side, and a west coast region with a stable and improving economy on the other. The west coast region will no longer have to worry about attracting outstanding talents from the east region to contribute to the construction of the west coast region.

"A solution that can stabilize the stock price of the railway company without causing losses to the state government?" Gervin pulled his thick beard on his chin somewhat frantically.

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