1850 American Gold Tycoon.

Chapter 162 The Beginning of the Railway Empire

Vanderbilt had already begun his foray into the railroad business, which was new territory for him.

He re-planned to make himself the president of the Stonington Railway Company. A small Stonington Railway Company obviously couldn't satisfy his ambitions. He either didn't do it or became the strongest. This is Vanderbilt life creed.

Liang Yao exchanged the shares of Xiangshan Gold Mining Company for part of the shares of Stonington Railway Company last year, and now he is also one of the shareholders of Stonington Railway Company.

When Vanderbilt was elected president of the Stonington Railway Company, Liang Yao also supported Vanderbilt.

In addition to the Stonington Railway Company, Vanderbilt also annexed the New York and Harlem Railway Company, preparing to start his railway empire based on these two railway companies.

When the railway was just emerging in the United States, Vanderbilt had a strong interest in the railway, a new mode of transportation, but a small accident in 1834 cast a shadow on him.

It was the summer of 1834, when he was just 40 years old, and he was enjoying the beautiful scenery along the Hudson River with his friends on the railroad tracks along the Hudson River. Railroad tracks, on a rampage toward Vanderbilt.

Vanderbilt was nearly killed in the train accident.

Derailed trains, passengers crushed on the tracks by trains, cold corpses, panicked crowd covered in blood, crying children, these images always appear in his mind whenever he wants to enter the railway transportation industry.

This accident left a great shadow on Vanderbilt and changed his thinking about entering the railway transportation industry. He even vowed never to get involved in the railway transportation industry in his life.

"I hear you bought out control of the railroad along the Hudson from New York to Albany, and also bought the New York and Harlem railroad."

After Liang Yao and Vanderbilt disembarked, they left the noisy small pier in Berkeley.

Vanderbilt bought out control of the railroad along the Hudson River from New York to Albany, and the intention of acquiring the New York and Harlem Railroad Company was very obvious.

He planned to monopolize New York's railway transportation as a starting point, and began to create his own railway empire.

This is very clever. Vanderbilt has already controlled all the ferries in New York State, and now it controls the rail transportation in New York State. People in New York State want to travel in the future. Whether they choose to take water or land, they cannot do without Vanderbilt. Especially the transportation tycoon.

New York has a large population and is one of the wealthiest cities in the United States.

As long as the railway company operates properly, it will be profitable in a relatively short period of time.

"I originally wanted to acquire the Delaware and Hudson Railway Company and the New York Central Railway Company. I didn't expect that the Delaware and Hudson Railway Company had been preempted by you, and the acquisition of the New York Central Railway Company also encountered some resistance."

Vanderbilt said regretfully.

"I could have started higher."

Liang Yao started with the shares of the Delaware and Hudson Railroad Company purchased from Wu Yuanhua, and later asked Strauss to acquire some shares from retail investors, thus controlling the railroad company.

His personal holdings in the Delaware and Hudson Company have exceeded half, and it is of little significance for Vanderbilt to acquire the Delaware and Hudson Railway Company.

Even if Vanderbilt wanted to acquire the Delaware and Hudson Railroad, Liang Yao would not agree.

The Delaware and Hudson Railroad Company is one of the few railroad companies in the United States that has mastered advanced technology.

Liang Yao used the technical reserves of the Delaware and Hudson Railway Company to develop the Pioneer, otherwise the development of the Pioneer would not have been so smooth.

Many of the technical backbone of the California Railroad originally worked for the Delaware and Hudson Railroad.

Liang Yao originally planned to hold some shares of the New York Central Railway Company, but his relationship with New York State was delicate last year, and the acquisition of the New York Central Railway encountered some obstacles.

Liang Yao did not expect that Vanderbilt, who is also a native of New York State, would be hindered in acquiring the New York Central Railroad Company.

"This is really a pity." Liang Yao sighed, "I didn't expect to encounter so many unfree things when doing business in the United States, which advocates freedom."

"There are a lot of things that are not free. I envy you very much. You can do whatever you want in California. No one can stop you. But I am in New York. I have nothing but some stinky money. In order to To do a big business, you have to deal with all kinds of people.”

Vanderbilt pointed to the small train station in Berkeley village and asked suspiciously.

"Such a small village also builds railways?"

"It is a small village now, but at the rate of population growth in California, within a few years, it will develop into a city with a population of tens of thousands."

Seeing that Vanderbilt was interested in the train station in Berkeley Village, Liang Yao took Vanderbilt towards the train station in Berkeley Village.

The current engineering technology is not enough to support him to build a bridge spanning Jinshan Bay with a length of eight or nine miles.

If Liang Yao wanted to build the railway from San Francisco to Sacramento, he could only choose to go around Jinshan Bay. Later generations also did the same. The railway route planned by Liang Yao was similar to that of later generations, except that the time for building the railway was advanced ten times. several years.

Because in another time and space, although gold was discovered in California, the gold was plundered by the consortium in the east, and they didn't care about the development of California.

The birth of Liang Yao changed everything, and now most of the gold in California will be used to develop California.

The railway line from San Francisco to the village of Berkeley has been completed. After the railway line completes the circle of Jinshan Bay, it will continue to extend northeastward until it leads to the city of Sacramento.

"How much dividends will I get from Xiangshan Gold Mining Company? In order to support you and protest to the government and Congress, I have suspended all the routes under my banner and suffered a lot of losses."

Vanderbilt asked as he walked towards the Berkeley train station.

To obtain dividends from Xiangshan Gold Mining Company is the purpose of Vanderbilt's trip.

Buying out control of the railroad along the Hudson River from New York to Albany and buying the New York and Harlem Railroad had cost him $460 million in the bank.

In order to monopolize the sea route from the east to California, he also has to fight a price war with Aspinwall's Pacific Cruise Line. This route, which could have brought him millions of dollars in revenue every year, now he has to pay for it operate.

Coupled with some expenses on other routes, Vanderbilt now has very little cash left in his hands.

The original deposit of 820 million US dollars in the bank has now only left 330 million US dollars.

He desperately needs California gold back and forth, and only with greater cash flow in his hands can he continue to expand his railroad empire.

(End of this chapter)