1850 American Gold Tycoon.

Chapter 196 New Standard!New Era!
With the funds currently held by Liang Yao and Vanderbilt, let alone leverage the stock market on Wall Street in New York.

Even if it is to leverage the London stock market, the largest in the world at the same time, it is no problem.

Liang Yao also planned to make a fortune in the Wall Street stock market, but most of his assets were gold, and he didn't have many dollars in hand.

Kony could only withdraw all the deposits at the Bank of Barings and the Bank of France, totaling US$[-] million.

But the $[-] million was not enough for him, so he asked Kony to go in and out of the Bank of Barings and the Bank of France several times to exchange gold for dollars.

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

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

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

Liang Yao entered the Wall Street stock market with the 380 million US dollars exchanged from Barings Bank and the Bank of France.

In addition to buying shares in the Baltimore-Ohio Railroad, it also bought a portion of shares in New York shopping malls.

Three days later, a 2-mile loop of the Pioneer test track was laid along the Hudson River.

The New Standard in the Rail Industry!New Era! ", "Faster Speed, Lower Accident Rate", "Safety First, Life First", "California Gold Tycoon Officially Enters the Railroad Industry" and other articles were published in the "New York Evening Post" one after another, which once again drove the "New York Evening Post". Post Sales", the circulation of the New York Evening Post reached a new peak.

The articles were accompanied by a new type of train locomotive and accompanying carriages that New Yorkers had never seen before.

The layout of the new locomotive named Pioneer in the photo is bold and avant-garde. It looks powerful and full of power, which greatly shocked the citizens of New York.

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

"You can run 100 miles (35km) per hour with a load of 56 tons, what are you kidding?"

"Impossible! Absolutely impossible!"

"This is absolutely exaggerated and false propaganda. You must know that the Erie Railway Company is the leader in the industry. Even if the most advanced locomotive is empty, it can barely run at a speed of 30 miles per hour with the best coal!"

"One more thing! Only when going downhill."

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

This is the social reaction 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, and it can be said that they have doubts.

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

We must know that the manufacturing level of locomotives of other American railway companies in the same period is still at the level of imitating the locomotives of the United Kingdom 10 years ago, or even longer.

This news also shocked James, the current giant of the American railway industry, 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, the status of Erie Railway as the big brother in the American railway industry will be in jeopardy.

According to the news that James inquired, not only Liang Yao was going to enter the railway industry in the east, but even the sailor he didn't like to see was going to enter the railway industry in a big way.

The relationship between Liang Yao and Vanderbilt was very good. James doubted whether Liang Yao had reached a secret agreement with Vanderbilt in private, authorizing Vanderbilt's railway company to use his patented technology.

Just when Liang Yao announced the public display of the Pioneer, all American citizens could ride on the Pioneer to experience the astonishing speed of 35 miles per hour brought by the most advanced locomotive in the United States.

Vanderbilt commissioned a brokerage company to sell all the stocks and securities of the railroad companies, and publicly stated that all the railroad companies in the United States are big, smelly, disgusting shit.

Vanderbilt's move aroused strong indignation from the directors of various railway companies. While criticizing Vanderbilt verbally and in writing, some people even issued a letter of war to Vanderbilt for a duel.

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

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

Vanderbilt sold a large number of stocks and securities of railroad companies in New York, causing the stocks of major railroad companies to plummet.

This is just the beginning, and anxious retail investors are also eager to sell their railway company stocks to reduce losses caused by the stock's decline.

The stocks of railroad companies on Wall Street changed from the darling of Wall Street to the outcast of Wall Street almost overnight.

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

Corwin, the Treasury Secretary in New York, has also taken notice.

When people's eyes were focused on the railway, Liang Yao ordered Kony to make the two brokerage companies that worked for him step up their efforts to buy Wall Street gold futures and further increase the price of gold futures.

Now is the best time to intensify efforts to raise the price of gold futures.

Vanderbilt's ambitions didn't stop there, when the directors and presidents of the major railway companies were caught in a panic about the collapse of railway stock prices.

Vanderbilt immediately announced another big news: Out of responsibility for the safety of the American people, the Stonington Railway Company will demolish all the current railway tracks.

Because these railway tracks are unqualified, the materials used for the rails are not up to standard, and the sleepers are laid very randomly, and some road sections are not even fixed with spikes.

Letting passengers travel on such railways is tantamount to murder!

Vanderbilt even stated that it is pure nonsense that the accident rate of American railways is higher than that of the two major railway countries, Britain and France.

It is some people deliberately covering up the facts for some well-known reasons in an attempt to deceive the public.

In fact, the accident rate of American railways is three to five times that of Britain and France.

Vanderbilt didn't just talk and do nothing. After announcing the news, he immediately sent a report ordering all lines and carriages under the Stonington Railway Company to stop operating.Freight orders that fail to fulfill the contract shall be compensated in full amount according to the contract.

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

Immediately after the Stonington Railroad shut down, Vanderbilt dispatched workers to remove the substandard tracks in front of the people of New York and the media.

Collins, a well-known local reporter in New York, who became famous in the first World War reporting the Los Angeles tragedy, and his new partner Bichi, recorded this historic moment with their cameras.

Even Liang Yao was surprised by Vanderbilt's determination and fierce means. The entire New York railway industry was under his control.

Of course, there was a price for Vanderbilt to do so. He also became the target of public criticism in the railway industry, offending all vested interests in the industry.

The directors and presidents of those railway companies, as well as the shareholders behind them, don't have the consciousness that if they can't break, they can't stand.

As people in the industry, they are naturally well aware of the problems existing in the American railroad industry.

But for twenty years, they have been tacit to each other and reached an agreement with a tacit understanding. They just want to lie down and make money comfortably.

The construction of high-quality railway tracks and the development of more advanced locomotives not only require huge investment, but also take additional risks.No one wants to do such a thankless job.

Anyway, with the escort of the federal government and Congress, British and French railway companies could not enter the United States.

Americans who want to travel by rail can only choose their railroad company.

Vanderbilt was not alone. Just when all his peers regarded him as a bloody enemy, Liang Yao stood up to support Vanderbilt without hesitation.

Liang Yao said that the American Group, as a corporate group with a sense of responsibility and social responsibility, will never join forces with those railway companies that ignore human lives.

The Delaware and Hudson Railway Company under the American Group will immediately suspend all routes and trains, and remove all existing tracks, because these old and disrepaired railway tracks are substandard and cannot guarantee the safety of passengers .

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

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

Instead of timidly hiding behind the back and waiting for the turmoil to pass, it is better to stand up and support Vanderbilt openly and directly. You can also leave personal feelings and create a more perfect personality in front of the public.

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

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

The 20-year-old lies of the American railroad industry were mercilessly exposed, and the boards of directors, presidents, and shareholders of major railroad companies were in mourning.

Some sober minds realized that the days of the railroads' comfortable money were over.

Of course, more people still took chances, thinking that Vanderbilt and Liang Yao were just bluffing and grandstanding.

They also didn't believe the relevant data of the Pioneer announced by Liang Yao, so they decided to take the Pioneer themselves, 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.

(End of this chapter)