1850 American Gold Tycoon.

Chapter 228 Atlantic Railroad Company

"Come to my study for an interview."

Liang Yao took the document bag from Garrett, opened it, and glanced at the documents in the bag.

Among the documents in the bag were the Baltimore and Ohio Railroad's financial plan and development plan.

Compared with Vanderbilt, Rockefeller, Carnegie and other rich people from the grassroots, Garrett's background can be said to be a natural choice.Although Garrett was not born in the founding aristocratic family like Fish and Hunter.

But when he was born, his father was a shareholder of a securities brokerage company in Baltimore. Although he was not rich and powerful, at least he had no worries about food and clothing.

When Garrett was [-] or [-] years old, he was studying for a college degree while working as a management intern in his father's securities brokerage firm, learning business management skills and applying what he had learned.

When Garrett graduated from college at the age of 19, like his father, he also became a shareholder of this securities brokerage company and worked in this securities brokerage company.

Until later, Garrett was optimistic about the development prospects of the railway industry, resolutely took all his savings, joined the Baltimore-Ohio Railway Company, became a shareholder of the railway company and served as the chairman of the Finance Subcommittee, in charge of the Baltimore-Ohio Railway Company's finance. .

Although the 31-year-old Garrett is very young, he already has [-] or [-] years of management experience in large companies.

When Garrett was in charge of the Baltimore and Ohio Railroad's finances, Garrett took very tough management measures and implemented new financial policies that restored the struggling Baltimore and Ohio Railroad's profits. There is a growing momentum.

It's just that the good times don't last long. The technological storm in the railway industry caused by Liang Yao and Vanderbilt once again brought this railway company, which was faintly showing signs of revival, into a desperate situation again.

Facing the cold winter of the railway industry, this time, Garrett was unable to reverse the crisis.

Liang Yao carefully checked the financial report, financial plan and development plan submitted by Garrett.

Garrett's judgment on the development direction of this industry is very correct. He believes that the Great Lakes will soon grow into the most important industrial area in the United States. As long as he masters the railway between the Great Lakes and the East, he will have a steady stream of wealth.

In the future, whether it is freight or passenger transportation, the Baltimore and Ohio Railroad can make a lot of money.

Unfortunately, given the poor financial condition of the Baltimore and Ohio Railroad, after only 400 miles of track were completed, the company could no longer afford to continue building the railroad.

Major banks also refused to lend to Baltimore-Ohio Railroad after reviewing it.

Most of the company's shareholders also cashed out, leaving only a few unwilling shareholders such as Garrett.

"The Baltimore-Ohio Railway Company lacked capital and technology before, so it has been slow to develop. Now that you have entered, capital and technology will no longer be a problem.

If you can believe me, put me in charge of this railroad company, as president of this railroad company, and I'll turn this company around in two years. " Garrett said to Liang Yao.

Liang Yao believed that Garrett had such abilities. Garrett was also a famous American railroad tycoon, but the American railroad tycoon at the same time seemed dim under the dazzling light of Vanderbilt.

It is different from Vanderbilt who likes mergers and acquisitions and completes the monopoly of the industry in a brutal way and as quickly as possible.

Garrett preferred to work in a railroad company. With Garrett's efforts, shortly after the end of the Civil War, the Baltimore-Ohio Railroad quickly grew into a large railroad company with assets exceeding tens of millions of dollars.

Before the war broke out, the railway company was on the verge of bankruptcy several times.

Garrett's railroad company also lasted longer than Vanderbilt's railroad empire. When the railroad empire of the Vanderbilt family, which was less than three generations rich, fell apart, Garrett's descendants still managed the well-run Baltimore-Ohio The railroad, at a cost of $1400 million, connects existing rail lines to Philadelphia and enters the telegraph business.

Garrett has sufficient ability and rich management experience, and he is an excellent candidate to manage the railroad company.

"From today, the Baltimore-Ohio Railway Company will cease to exist." Liang Yao said lightly.

"gentlemen."

Garrett also wanted to struggle to save the Baltimore and Ohio Railroad.

All his wealth and energy were devoted to the Baltimore and Ohio Railroad, and if the railroad ceased to exist, not only would all his previous efforts be in vain, but he would also be a pauper with nothing.

Liang Yao waved his hand and interrupted Garrett: "The Delaware-Hudson River Railway Company will merge with the Baltimore-Ohio Railway Company to form the Atlantic Railway Company, and this time the Delaware-Hudson River Railway Company will merge The company merged with the Baltimore and Ohio Railroad."

"What do you plan to do with the shareholders and employees of the original Baltimore-Ohio Railroad?" Garrett asked.

"If you want to stay with the Atlantic Railway, you can stay. If you don't want to stay, I won't force you." Liang Yaohui said.

With the conditions of the Atlantic Railway Company, there is no need to worry about not being able to recruit people. No matter how many people want to squeeze into the American Group, there are a lot of excellent new employees waiting for Liang Yao to choose.

"It turned out that Constantine, the president of the Delaware-Hudson River Railroad, was going to be the president of the Atlantic Railroad. The doors of the company are still open for you.

Your financial report is doing well, and I am quite satisfied with your proposal. If you want to stay in the Atlantic Railway Company, I can offer you a position as the Vice President of the Atlantic Railway Company. "

This is the condition that Liang Yao asked Garrett. This time the railroad company merged when the Delaware-Hudson River Railway Company merged with the Baltimore-Ohio Railway Company.

The president of the Atlantic Railroad was more appropriately replaced by the former president of the Delaware-Hudson River Railroad, and Constantine stayed with him longer.

As for the suspicion of cronyism, Liang Yao doesn't care. The American Group has so many industries, and if he wants to control the companies below, sometimes Liang Yao has to be cronyist.

Furthermore, if Garrett is willing to stay, he has only just joined the big family of the American Group, and it is difficult for a newcomer who has just joined the American Group to take charge of the Atlantic Railway Company to convince the old employees.

If Garrett can prove his ability in the future, Liang Yao will not hesitate to promote Garrett.

"Thank you for your appreciation, and I would like to remain with the Atlantic Railway."

After a short thought, Garrett made a decision.

Liang Yao offered him very generous terms, and he had no reason to refuse.

The current situation in the railway industry is already very clear.

In the future, the American railroad industry will be dominated by large railroad companies.

After the completion of the acquisition by the three giants, Liang Yao's Atlantic Railway Company, Vanderbilt's Central Railway Company, and the veteran railway giant Erie Railway Company headed by James will dominate the American railway industry.

The history of small local railway companies is about to become history. Under the circumstances that the scale, capital, technology, and route resources are all backward, small railway companies cannot compete with these three giants.

"Go and handover the president of the Atlantic Railway Company, Constantine." Liang Yao stood up and patted Garrett on the shoulder, "Work hard, I have a high opinion of you, and I hope you can make a career in the railway industry."

Garrett nodded in agreement, and bid farewell to Liang Yao after thanking him.

After Garrett left, Liang Yao unfolded the map behind him. On the map, with New York as the center, the railway line of the Atlantic Railway Company extended from Boston to the north of New York, Philadelphia and Baltimore to the south of New York, and Pennsylvania to the west of New York. Pittsburgh, Canton, Ohio, Akron, Cleveland.

His railroad empire in the East was already taking shape.

(End of this chapter)