1850 American Gold Tycoon.

Chapter 473 Garde Railway
"We in Texas also strongly support the Garde Railway. If the railway can be built, it will benefit both of our states."

After finalizing the matter of the Texas Arsenal, Bell and Liang Yao talked about the Garde Railway.

"The attitude of our California side is the same." Liang Yao also expressed his attitude on behalf of the California side.

In 1852, the California consortium had acquired a stake in the Port of Houston, obtaining a high-quality port in the Atlantic Ocean.

The best way for California to make further use of this port is to build a railroad to Texas.

Once the railway is completed, California's industrial products can be transported to Houston through the railway network, and then enter the European market by sea.

In this way, the transportation cost of goods sold from California to Europe can be greatly reduced, and the transportation time can also be shortened from the original four months to less than two months.

Furthermore, from a strategic point of view, it is also necessary to build this railway.

"Currently the biggest headache is the issue of funding. According to estimates, even if the existing railway network is used to repair the railway from Odessa to Mexicali, and finally connect to Tijuana and merge into the California railway network, it will take 6100 $165, the old folks in Texas told me they tried their best to raise only $[-] million.”

Bell found a piece of wood and sat down, smoking a stuffy cigarette.

"The Pacific Railway was built from free state to free state. You can raise money from Wall Street in New York to build the Pacific Railway. The Shugard Railway was built from free state to slave state. And from a commercial point of view, the Gardner Railway's The commercial value is far inferior to that of the fire escape railway.”

Odessa is the western terminus of the Texas rail network, a large village in Texas.

If the Gardner Railroad is to be built, Odessa will be the starting point for Texas.

Bell's biggest concern now is the massive amount of money needed to build the railroad.

Although the total length of the Garde Railway is not as long as that of the Pacific Railway, the mountainous section of the railway is slightly longer than that of the Pacific Railway.

Therefore, the cost of the Gardner Railway will not be cheaper than that of the Pacific Railway.

Although Liang Yao is rich as a country, but the Pacific Railway has not been completed yet, he still needs to keep pouring money into the Pacific Railway project.Liang Yao, or how much can the California consortium pay for the big project of the Garde Railway?

A large part of the reason for the smooth progress of the Pacific Railway project is that the Pacific Railway has received strong support from the federal government.Moreover, the western section of this project is in charge of Liang Yao's California Railway Company, and the eastern section is in charge of Vanderbilt's Central Railway Company.

Furthermore, Vanderbilt is also the number one rich man in the United States.

In contrast, in Texas, there is no railroad company in the state with such strong financial and strength as the Central Railway Company and the California Railway Company.

There are no such wealthy people as Liang Yao and Vanderbilt.

Take the Bell family as an example. The Bell family is already a first-class wealthy family in Texas and a core member of the Texas consortium.

How much is the assets of the Bell family?

Including cotton fields, sugar cane fields, black slaves in tobacco fields, and other real estate, the property of the Bell family is only more than 50 US dollars.

The cash that the Bell family can immediately come up with is at most $[-] to $[-].

As for the millionaires in Texas, there are probably only half of them.

Why is it half, because half of the Texas millionaire is Pan Zhengwei.

Last year, Pan Zhengwei's grandson Pan Baohuang, who was studying at the Virginia Military Academy, married the daughter of Texas Senator Ron with the help of the principal Jackson, and became the son-in-law of Texas. Let's say he is half a Texan.

What is the concept of 1850 million US dollars in the 6100s?

In 1855, the fiscal revenue of the federal government of the United States was 6890 million US dollars, and the military expenditure of the navy and army was 2950 million US dollars.

Calculated in this way, the construction of the Garde Railway will cost almost the entire budget of the federal government for one year, or more than two years of military expenditure.

This is a national project.It is indeed very difficult to get two states, one of which is poor, to carry out this project.

Such a huge amount of funds cannot be afforded by a poor state like Texas.

"There is no need to invest 6100 million U.S. dollars all at once. As long as the start-up capital of about 1000 million U.S. dollars can be raised in the early stage, the project can be started."

Liang Yao put down Liang Qianqian in his arms and let Liang Qianqian continue to play, while he sat down next to Bell.

The ongoing Pacific Railroad project serves as a good model for building large-scale railroad projects.

The cost of building the Pacific Railroad was split between the California Railroad and the Central Railroad.

Liang Yao didn't know how much money Vanderbilt's Central Railway invested in this big project every year.

However, Liang Yao knew exactly how much money the California Railway needed to invest every year.

On average, the Americas Group needed to provide Cal Railroad with between $450 million and $550 million to keep the project going.

Vanderbilt's side is estimated to be the same number.

Of course, the first year, that is, the year the project started, invested more money, reaching nearly 1000 million US dollars.

Calculated, the total cost of the Pacific Railway is estimated to be slightly higher than that of the Garde Railway, which is about 6500 million US dollars.

The California Railway is the largest gold-swallowing behemoth under the American Group, and Liang Yao relies on the gold that the Umbrella Company scooped up in Australia and the huge profits from the Los Angeles Oil Company to continue this project.

In history, this railway connecting California and Texas was also built by Leland Stanford's Pacific Railway Company. Due to the huge cost of this railway, it eventually led to the bankruptcy of the Pacific Railway Company.

"$1000 is also an out-of-reach figure for us in Texas." Belton paused and said randomly.

"I don't know how much California can pay?"

"Although 1000 million US dollars is a big number for California, we can still get it by gritting our teeth." Liang Yao said, "We can take the money, but we want more equity, and the railway's By franchise, I mean the franchise that includes the stretch of road in Texas."

Bell fell silent. It is reasonable for California to pay more money to get more equity.

There is nothing wrong with that.

However, the franchise of the Gardner Railway in Texas, this request has exceeded his scope of authority.

He is one of the shareholders of the Texas Railroad Company, just one of them, and he has no way to make the decision on the transfer of the franchise of this railway.

"I personally have no objection, but this is beyond my scope of authority. I asked the Texas side to send a representative to talk to you?"

After a brief silence, Bell said.

"Yes, but as soon as possible." Liang Yao nodded in agreement.

(End of this chapter)