1850 American Gold Tycoon.

Chapter 199
"Mr. Thomas, I hope you can trust our ability and give us some time.

We will take steps to recover the losses and the Erie Railroad will remain the most profitable railroad in America. "

James assured Thomas.

Among the many railroad companies, the Erie Railroad Company was one of the railroad companies whose stock price fell the least.

Because the Erie Railroad Company holds the railway route from New York to Chicago and other cities along the Great Lakes.

This railway route is currently the most profitable railway route in the United States and is irreplaceable.

Compared with other railway companies, the Erie Railway Company still maintains a relatively high degree of trust due to its strong financial resources and shareholders with strong backgrounds.

However, it is an indisputable fact that assets have shrunk, passengers have decreased, and freight orders have plummeted. If no remedial measures are taken, the consequences will be incalculable.

Barings was one of the Erie Railroad's largest shareholders.

If Barings Bank withdraws its capital, it will inevitably amplify the panic among other shareholders of the Erie Railway Company. Following in the footsteps of Barings Bank, it will withdraw capital from the Erie Railway Company, causing a series of chain reactions.

Such a result is what James does not want to see, and he wants to keep Barings Bank as much as possible.

"We at Barings Bank have always been very patient investors. Mr. James, we are also old friends. I still believe in your ability for the time being. I hope you will not let me down."

Facing the son of a wealthy New York family in front of him, the founding father of the United States, Thomas' attitude and tone were still very arrogant.

Because behind Thomas was the Bahrain family, a wealthy European family that no New York wealthy family dared to offend.

Thomas didn't really want to divest the Erie Railroad, he was just a reminder to the Erie Railroad.

Indeed, as August said, Barings had the foresight to invest in California, and opened a branch in San Francisco, California, to be responsible for the business in the Pacific coast of the Americas.

The current economic situation in California is very good, and the investment of Barings Bank in the California region has achieved corresponding returns.

The biggest partner of Barings Bank in California is Liang Yao, and Thomas is now considering deepening cooperation with Liang Yao.

Barings and the Americas Group can cooperate not only in the gold mining industry, but also in the railway transportation industry.

Fish and Hunter, like James, were born in a wealthy family in New York.

Before the stock price plummeted, the Erie Railroad Company was the pride of New York State, and even the entire American railroad industry.

Fish and Hunt were also shareholders and members of the board of directors of the Erie Railroad.

Fish and Hunter are two completely different people, and their personalities are also very different.

Although their backgrounds are similar, they both grew up in the noble families of big landlords at the beginning of the founding of the country, after the founding fathers.

But Fish is not a stickler, he is good at knowing people, and he is willing to change the status quo of the family to adapt to the new environment.

When Vanderbilt hadn't made it big, he knew that this bold young man would change the pattern of the American shipping industry in the near future.

Fish was one of the few New York state powerhouses to side with Vanderbilt in the Hudson River route dispute between the Livingstons and Vanderbilt, and introduced Vanderbilt to the very Reliable lawyers litigated for Vanderbilt and Livingston.

Fish firmly believes in the principle that change will survive, and change will perish. If the Fish family wants to maintain its influence in New York State for a long time, it must make changes according to the external environment.

In the game between sailboats and steamships, the Livingston family, who were conservative and unwilling to make changes, still used sailboats and tried to maintain their leading position in the shipping industry by monopolizing the Hudson route and the Erie Canal, was the best. counterexample.

Compared with [-] or [-] years ago, the wealth and influence of the Livingston family in New York have been greatly reduced.

The current situation of the railway industry is like the game between steamships and sailboats. Railway companies that are unwilling to make changes and families that hold shares in railway companies will eventually be eliminated.

Hunter is more stubborn, he prefers to live in his comfort zone.

The friends around Hunter were basically limited to his father's social circle, unwilling to accept the New York upstart headed by Vanderbilt.

He felt that these grassroots upstarts were just a bunch of annoying nouveau riche, unworthy of being with a noble of noble blood like him.

It's not decent to deal with these people.

Hunter, like his father, misses the America of President Jefferson (1801~1809) very much, and believes that the America at that time is the real America, and the current America has deviated from the ideals and roads of the United States at the beginning of the founding of the country, and is drifting away. .

Hunter and Calhoun are the same kind of people, the difference is that Hunter's starting point is higher than Calhoun's.

The Herald came to a slow stop.

After the train stopped, everyone got off from the spacious and comfortable carriage.

Liang Yao and Vanderbilt were already waiting for them under the car.

Liang Yao knew very well that if his railway company wanted to gain a foothold in the eastern part of the United States, it had to deal with these people.

These people who have just stepped off the carriage, whether they are the nobles of New York State or the New York agents of the Baring family and the Rothschild family, it is necessary to get in touch.

"Presumably you are the Speaker of the California State Assembly, Mr. Liang Yao, the Chairman of the Board of Directors of the American Group."

After getting out of the car, Thomas enthusiastically shook hands with Liang Yao.

Thomas had never met Liang Yao, he recognized Liang Yao immediately based on Liang Yao's skin color and race.

"Mr. Thomas, your bank is the most important partner of our American Group. I believe Mr. Gibson has told you that we will fight side by side in the gold mining business in Australia." Liang Yao said with a smile.

"This project was approved by me personally. As the entrusted agent of the Bahrain family in the Americas, I still have a little bit of power." Thomas glanced back at the Herald and said immediately.

"I think Barings and the American Group have a very broad space for cooperation in certain industries, such as railways, in addition to the gold mining industry."

Thomas has made it very clear that he just wants to take a stake in Liang Yao's railway company and get dividends.

When he was in California, Liang Yao also got to know Thomas through Gibson, who was a very successful banker and investor.

With his outstanding ability and beautiful ability, he is trusted and relied on by the Bahrain family. The business of the Bahrain family in the Americas is fully managed by Thomas.

Liang Yao does not allow external forces to get involved in the California railway, and must be absolutely controlled by himself. This is Liang Yao's bottom line.

Because he is strong enough in California, he wants to obtain the authorization of the railway line, which is just a matter of his words in the state legislature and the state government, and no one can object.

The situation is different in the Eastern region. It is much more difficult and troublesome to obtain authorization for railroad routes than in California.

It is unrealistic to want to shut out Thomas and all the local noble families in New York.

California is Liang Yao's home field, but New York State is not, nor are other eastern states.

(End of this chapter)