1850 American Gold Tycoon.

Liang Yao still has a good idea of ​​which industries should be divested and thrown out before they become burdens, and which industries should be kept.

Although Liang Yao started his career by panning for gold, he is no longer a pure gold tycoon.

Since 1854, the Umbrella Company's gold mining income in Australia has exceeded the Xiangshan Gold Mining Company's local gold mining income.

San Francisco's gold rush industry, after all, has lost its former glory under the impact of the new gold mountain.

Currently, the most profitable business of Xiangshan Gold Mining Company is not directly mining gold, but mining mercury ore and selling gold panning tools. The gold panning business can indeed be thrown away.

Then there is the Lotus Garment Factory. The barriers to entry for a garment factory are not high.

The purpose of Liang Yao's establishment of the garment factory was to make money, and to create more jobs.

Right now, not counting small tailoring workshops, there are at least five to six hundred decent and large-scale garment factories in California. The entire textile industry is more intense and voluptuous than a few years ago.

In 1852, it cost 22 dollars to buy a formal suit in California, but now the price has been abruptly reduced to less than 5 dollars, and the quality is still better than before.

After the Crimean War ended and lost the large orders provided by the French military, the decline of the Lotus Garment Factory was inevitable.

At present, the Lotus Garment Factory is relying on Strauss' jeans to continue its life.

Of course, Liang Yao did not grieve over the weakness of the American Group in the textile industry, nor did he plan to save the Lotus Garment Factory himself.

One is that he does not have so much time and energy, and the other is that it is not necessary.

He can earn more money by spending the same time and energy on other industries, such as Los Angeles petrochemicals and general machinery.

With the rise of the local manufacturing and processing industry in California, prices in California have dropped at a level visible to the naked eye every year in recent years, gradually changing from outrageous prices during the gold rush period to normal prices.

Therefore, with the rapid growth of the population in California, although the per capita income is generally much lower than that of a few years ago, due to the faster decline in prices, the quality of life of Californians in the past two years has been higher than that of the gold rush era.

It is also good news from another level that there are strong enough local enterprises of the same kind that can overwhelm the Lotus Garment Factory, which once flourished in California's textile industry.

During the first five-year plan, a number of competitive enterprises were cultivated in California.

These enterprises have the ability to compete with the former California textile giant Lotus Garment Factory, and naturally they also have the ability to touch with similar enterprises in China and even the United Kingdom.

The cement factory established in 1851 can also be let go. After the end of the First Five-Year Plan, the number of building material manufacturers in California has suddenly increased from the original 7 to more than 260, and the American Group has gradually lost its advantage in this regard.

As for the retail industry, professional things should be done by professional people. The Crystal Palace shopping mall is handed over to the Van Dazer family. The American Group only needs to hold shares and collect dividends on time every year.This is the most cost-effective solution.

What industries should be preserved, the predecessors have long pointed out the way for Liang Yao.

The answer can be found from the main businesses of the top few rich people on the list of the richest people in the United States in later generations.

The American Group needs to optimize, and the industries that focus on the development of concentrated funds are first of all industries with strong competitiveness and high profits.

For example, the most profitable petrochemical industry cannot be let go no matter what. The American Group has a first-mover advantage in this regard, as long as it firmly holds the petrochemical industry in its hands.

As long as the future generations don't die, the American Group will survive for a hundred years, and it will be no problem to keep them well fed.

The petrochemical industry is the most profitable industry of the American Group after the gold mining industry.

The super-large projects such as the Pacific Railway and the Garde Railway can be carried out smoothly, largely because of the big blood bag of Los Angeles Petrochemical in the rear to inject funds for its blood transfusion.

General Machinery's sewing machines, bicycles, and machine tools are sold both at home and abroad. It has almost no strong competitors and huge profits. It is a money printing machine second only to the petrochemical industry. This industry also needs to be firmly in its own hands.

There are also banks, railways and shipping. California's financial and transportation lifelines must be in the hands of the state's capital anyway.

In addition to petrochemicals, high-end machinery, and banks, the defense industry related to California's defense cannot be lost even if it loses money.

For example, the military industry in Sacramento and the shipbuilding industry in San Francisco.

What's more, Sacramento's military industry and San Francisco's shipbuilding industry have turned losses into profits, and their operating conditions are very good.

"Concentrate on the development of the petrochemical industry in Los Angeles, keep high-end machinery, banking, railways, shipping, military industry, shipbuilding, and the remaining scraps, and find a good home to sell as soon as possible." Liang Yao set the tone for the future of the American Group.

Even mastering any one of the above industries is enough to become a super rich man with assets exceeding tens of millions of dollars. Liang Yao's business empire is already huge enough, so huge that it is a bit bloated.It is also time to slim down and optimize the industrial structure of the American Group.

"How do you plan to arrange the 1300 million US dollars withdrawn from the East? Put it into Los Angeles Petrochemical?" Elizabeth asked.

Elizabeth was not stupid. Vanderbilt sent a telegram at this time, wanting to come to California for investigation, indicating that her father also withdrew a large amount of funds from the railway industry following Liang Yao.

It’s not hard to guess why Vanderbilt came to California. He just wanted to see for himself whether there were any places worth investing in in California, so as not to waste too much spare money in his hands.

If something unexpected happens to the railway industry, the investment prospects in the United States are good, and the only place that can eat Vanderbilt's huge cash flow is the western California.

"Invest 700 million dollars in Los Angeles Petrochemical to expand production capacity, 300 million dollars in general machinery, and keep the remaining 300 million dollars for the time being. I have other uses." Liang Yao said after thinking for a while.

It is not an exaggeration to say that the US$1300 million was a huge windfall. When Liang Yao first went to New York in 1851, he left US$200 million in the newly opened New York branch of the Bank of America.

Let Jones take care of the money and invest it in the stock market on Wall Street to buy railroad stock.

In just five years, 200 million US dollars has become 1300 million US dollars, which shows how crazy the American railway industry has been in the past five years, and how big the bubble is.

The present semblance of prosperity in the railroad industry is nothing more than a deathbed carnival for speculators.

Under the auspices of Jeremiah, the San Francisco Shipyard has begun to try to design and build an ironclad ship. With the assistance of Walter and Nobel, the Kony Volcanic Repeating Weapons Company has already begun to take shape.

The $300 million is for future ironclads and repeating weapons.

It would be great if the ironclad ship and bursting weapon project can be successfully implemented. Liang Yao will directly use the 300 million US dollars to place an order to purchase the ironclad ship and bursting weapon.

If these two projects fail, then continue to invest more, and in any case, ironclad ships and burst weapons must be produced.