1850 American Gold Tycoon

With the funds that Liang Yao and Vanderbilt currently have, let alone leveraging the stock market on Wall Street in New York.

Even if it was to leverage the London stock market, which was the largest in the world at the same time, it would be no problem.

Liang Yao also plans to make a fortune in the Wall Street stock market, but most of his assets are gold and he doesn't have many U.S. dollars on hand.

Kony could only withdraw all the deposits from Barings Bank and the Bank of France, totaling US$1.5 million.

But 1.5 million US dollars was not enough for him, so he asked Coney to go in and out of Barings Bank and the Bank of France several times to exchange gold for US dollars.

After Kony visited Barings and the Banque de France several times, the presidents of the two banks could no longer sit still.

Because Liang Yao almost exchanged all the U.S. dollar reserves of the two largest banks in the world.

The presidents of the two banks visited Liang Yao, hoping that Liang Yao would grant them some time to raise more U.S. dollars.

Liang Yao entered the Wall Street stock market with US$3.8 million converted from Barings Bank and Banque de France.

In addition to purchasing stock in the Baltimore and Ohio Railroad, a portion of the New York Mall stock was also purchased.

Three days later, the 2-mile-long Pioneer circular experimental track was laid next to the Hudson River.

"The new standard in the railway industry! New Era! "Faster speed, lower accident rate", "Safety first, life first", "California gold tycoon officially enters the railway industry" and other articles were published in the "New York Evening Post", once again driving the "New York Evening Post" Post Sales", the circulation of the New York Evening Post reached a new peak.

These articles were accompanied by pictures of a new train locomotive and matching carriages that New Yorkers had never seen before.

The layout of the new train locomotive named Pioneer in the photo is bold and avant-garde. It looks powerful and powerful, giving New Yorkers a great shock.

For the first time, Americans realized that trains and locomotives could still be made like this, and their carriages could be made so luxurious.

"You can still run at a speed of 35 miles (56km) with a load of 100 tons. Are you kidding me?"

"Impossible! Absolutely impossible!"

"This is definitely exaggerated and false propaganda. You must know that the Erie Railway Company is the leader in the industry. Even if the most advanced locomotives are empty, coupled with the best coal, they can barely run at 30 miles per hour!"

"Just a side note! Only when going downhill."

"I heard that the California Railway Company was just established last year. How could they invent such an advanced locomotive?"

This was the social response caused in New York after Liang Yao announced the parameters of the Pioneer.

Both ordinary people and people in the industry are full of curiosity about the performance parameters of the Pioneer. It can also be said to be doubtful.

The parameters announced by Liang Yao are really shocking. Such locomotive parameters are comparable to the advanced locomotives made by the British.

You must know that the manufacturing level of locomotives of other American railway companies at the same time was still at the level of imitating British locomotives 10 years ago, or even longer.

This news also shocked the current giant of the American railway industry, James, the president of the Erie Railway Company, and it can also be said to be a threat.

If the data released by Liang Yao is true, Yili Railway’s status as the big brother in the American railway industry will be in jeopardy.

According to the information James found out, not only Liang Yao is going to enter the railway industry in the east, but even the sailor he has always disliked is also going to make a big move into the railway industry.

Liang Yao had a very good relationship with Vanderbilt. James suspected that Liang Yao had reached a secret agreement with Vanderbilt to authorize Vanderbilt's railway company to use his patented technology.

Just as Liang Yao announced the external display of the Pioneer, all American citizens could ride on the Pioneer and experience the astonishing speed of 35 miles per hour brought by America's most advanced locomotive.

Vanderbilt commissioned a brokerage firm to sell off the stocks and securities of all railroad companies, and publicly stated that all American railroad companies were a big, smelly, disgusting piece of shit.

Vanderbilt's move aroused strong indignation from the directors of various railroad companies. While Vanderbilt was being verbally criticized, some people even issued a letter of challenge to Vanderbilt and arranged a duel.

This made the residents of New York City and even the entire New York State feel inexplicably excited, and they inquired about the location of the captain's duel.

But soon, the anger of the directors of major railway companies was replaced by fear.

Vanderbilt's massive sale of railroad stock and securities in New York caused the stocks of the major railroads to plummet.

This is just the beginning. Uneasy retail investors are also eager to sell off their railway company stocks to reduce losses caused by falling stocks.

Railroad stocks on Wall Street fell from Wall Street's darlings to Wall Street's outcasts almost overnight.

The stocks of railroad companies on Wall Street fell out of control and became the hottest topic in the financial market.

Treasury Secretary Corwin, who is in New York, also noticed this.

When people's attention was focused on the railway, Liang Yao ordered Coney to ask the two brokerage companies working for him to increase their efforts to purchase gold futures on Wall Street and further increase the price of gold futures.

Now is the best time to intensify efforts to speculate on gold futures prices.

Vanderbilt's ambitions did not stop there, as the directors and presidents of major railroad companies fell into panic as railroad stock prices plummeted.

Vanderbilt immediately announced another blockbuster news: out of responsibility for the safety of the American people, the Stonington Railroad Company would remove all current railroad tracks.

Because these railway tracks are substandard, the rail materials are not up to standard, the sleepers are laid very randomly, and some sections are not even fixed with spikes.

To allow passengers to travel on such a railway is tantamount to murder!

Vanderbilt even said that it was nonsense to say that the accident rate on American railways was higher than that of the two major railway countries, Britain and France.

It is some people who deliberately cover up the facts in an attempt to deceive the public for some reason that is well-known to everyone.

In fact, the accident rate on American railways is 3 to 5 times that of Britain and France.

Vanderbilt did not just talk and do nothing. After announcing the news, he immediately issued an order to stop all lines and cars under the Stonington Railroad Company. Freight orders that fail to be fulfilled will be compensated in full according to the contract.

When reporters from major newspapers asked Vanderbilt why he did this and whether the Stonington Railway Company would go bankrupt as a result, Vanderbilt said righteously: the safety of passengers' lives is more important than the company's. Survival is more important. If a railway company cannot guarantee the safety of passengers, its only outcome will be bankruptcy!

After the Stonington Railroad ceased operations, Vanderbilt immediately sent workers to remove the substandard track in front of the people of New York and the media.

Collins, a well-known local reporter in New York, who became famous when he reported the Los Angeles tragedy, and his new partner Bi Chi recorded this historic moment with their cameras.

Vanderbilt's determination and violent methods surprised Liang Yao, and the entire New York railroad industry was under his control.

Of course, Vanderbilt did this at a cost. He also became the target of public criticism in the railroad industry, offending all vested interests in the industry.

The directors and presidents of the railway companies and the shareholders behind them do not have the consciousness to neither destroy nor establish.

As industry insiders, they are naturally aware of the problems existing in the American railway industry.

But for the past twenty years, they have tacitly understood each other and reached a tacit agreement. They just want to lie down and make money comfortably.

Building high-quality railway tracks and developing more advanced locomotives not only requires huge investments, but also entails additional risks. No one wants to do this thankless thing.

Anyway, with the protection of the federal government and Congress, the British and French railway companies were unable to enter the United States.

When Americans want to travel by rail, they have no choice but to choose their railroad company.

Vanderbilt was not alone. Just when all his colleagues regarded him as an enemy with a blood feud, Liang Yao stood up to support Vanderbilt without hesitation.

Liang Yao said that America Group, as a responsible and socially responsible enterprise group, will never collude with those railway companies that care about human life.

The Delaware and Hudson Railroad Company, a subsidiary of the American Group, will immediately suspend all routes and trains and dismantle all existing tracks because these old and disrepaired railway tracks are substandard and cannot protect the lives of passengers. .

All future railway tracks will be constructed using the standards of the Pioneer experimental track.

Anyway, in the eyes of the outside world, Liang Yao and Vanderbilt just wear the same pair of pants.

Instead of hiding behind the scenes and waiting for the storm to pass, it is better to stand up and support Vanderbilt openly, and to put aside personal feelings to create a more perfect persona in front of the public.

As for the stubborn and conservative old aristocracy of the upper class in New York, Liang Yao never expected them to accept him.

From the moment he decided to monopolize California gold, he had officially declared war with the old aristocrats of New York, and there was no turning back.

The 20-year lie of the American railroad industry has been ruthlessly exposed, leaving the boards of directors, presidents, and shareholders of major railroad companies in mourning.

Some sober people have realized that the days when railway companies could comfortably make money are gone forever.

Of course, more people are still lucky and think that Vanderbilt and Liang Yao are just bluffing and sensationalizing.

They also did not believe the data related to the Pioneer announced by Liang Yao. They decided to take the Pioneer in person, calculate the real parameters of the Pioneer, criticize the Pioneer, and expose the conspiracy of Liang Yao and Vanderbilt.

Only in this way can everything continue to get back on track and recover the falling stock prices and their shrinking assets.