1850 American Gold Tycoon.

Chapter 506 Economic Crisis

"General, the British are really bullying people. They don't do business honestly. If they maliciously raise prices and want to squeeze us out of Asia, they can bear it. Now they have repeatedly provoked our company's merchant ships because of their large number of ships.

With so many routes, the more than 20 ships in our fleet can't handle it at all. "

Sven took the opportunity to pour bitterness on Liang Yaoda.

To be honest, Umbrella's fleet is not weak, at least it can move sideways on the border between Asia and America.

However, compared with the sea power of the British Empire, the sea power of the Umbrella Company is too small.

Although as new ships have been put into use one after another, the Umbrella fleet has gained some advantages in terms of quality.However, due to the fact that the numbers of the two sides are not at all an order of magnitude disparity.In the competition between Umbrella Company and British East India Company on commercial routes, Umbrella Company is still at a clear disadvantage.

The strength accumulated by the British East India Company for more than 200 years cannot be shaken in just a few years.

Sven wants to take this opportunity to buy more warships, although these warships are more expensive.

"I just told a little story to Mr. Vanderbilt, now I will tell you a story too." Liang Yao said.

"General, please tell me." Sven was looking forward to Liang Yao's short story.

"Two knights are dueling. One knight is strong and mighty. He has fought hundreds of duels without a defeat. He is the most powerful knight in this country. The other knight is an unknown knight, a fledgling new knight. , have not participated in any duels before." Liang Yao asked eloquently.

"In short, the strength of the two of them is not at the same level. If you were that new knight, what would you do?"

"What else can I do if I have entered the duel arena? Draw your sword and fuck it!" Sven said without thinking.

"Even if you can't win, you can't let the opponent look down on you and let the audience see a joke. Otherwise, you will be a knight in vain!"

"Exactly, Sven, I believe you know what to do." Liang Yao agreed.

He doesn't expect to be able to reverse the detection of the British East India Company in a short period of time, but at least he can't let the other party make progress, and take advantage of it too easily.

It is his bottom line to keep the four sea trade routes from the west coast to Hawaii, Hawaii to the East China Open Port, Borneo Island, and Australia open.

"But general, please equip this new knight with a better armor and a sharper sword!" Sven said shyly.

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Desperation is like a storm that hits the face, suddenly sweeping the entire Wall Street, the entire New York, and even the entire United States.

Wall Street, once the temple of money, is now a land of endless despair.People's eyes were full of bewilderment, helplessness, and despair.

Like a sailboat without its sails and helmsman, it floats aimlessly on the sea, waiting to be swallowed mercilessly by the sea at last.At this moment, Wall Street seems to be no longer a symbol of glory and status, but a hopeless and broken dream.

Someone sat slumped on the ground, holding his head and screaming, and someone beat the table angrily, as if roaring at the whole world.Exhausted cries, cries for help, and cries intertwined to form a symphony of despair.

With their dreams shattered and their hopes robbed, they seem to be plunged into a bottomless abyss with no way out in sight.

Wall Street is not in ruins, but the hearts of Wall Street are in ruins.

"Dirty bumpkin go away!"

A farmer in a denim shirt, a ripped woolen vest, and muddy leather boots was shoved out of the bank by bank staff.

The noise alarmed the former finance minister and cabinet member Corwin who was passing by.

Corwin opened the silk curtain in the carriage, and looked up and down through the glass window at the country bumpkin who was driven out of the bank.

Looking at the clothes, he seems to be a farmer from the suburbs.

"Liar! Liar! You are all fucking liars! You cheated me of my land with sweet words! I will send you to hell!"

The farmer threw away the paper in his hand that was once priceless to him and filled his life with hope and motivation. One callused hand reached into the dirty woolen vest. Soon, he took out a dagger and roared Rushed to the bank clerk who shoved him.

"You guys are smarter than me, richer than me, and have a noble status, but you, like me, have only one life!"

"stop!"

Seeing the agent hired by the bank raised his revolver at the farmer, Corwin yelled hastily.

It was only too late, and after two gunshots, there was a brief silence around Corwin.

The corner of Ke Wen's mouth couldn't help twitching. Finally, he ordered the coachman to stop. After the carriage stopped, Ke Wen slowly walked out of the carriage with the civilized staff in his hand.

"Your Excellency, I have disturbed you, and I apologize to you!"

Seeing that Ke Wen was dressed neatly and decently, showing the aristocratic style of New York in his gestures, the two detectives who shot the gun knew that this was a big man they couldn't afford to mess with, so they hurried forward to apologize to Ke Wen.

Ke Wen just waved his hands blankly, he bent his noble waist, picked up the oily and blood-stained ball of paper from the slate floor, stretched it out and smoothed it out.

After the paper was smoothed, Corwin finally saw clearly what was on the paper.

This is the hottest RMFB in the American financial market in recent months, that is, the railroad farm mortgage bond.

Ke Wen turned around and was about to get back into the carriage when the muffled sound of flesh and blood touching the ground suddenly came from his ears.

Curwin subconsciously glanced at the source of the sound. It turned out that someone had jumped from the building, but the person who jumped from the building was dressed more decently than the farmer just now. What he was holding was not a railway farm mortgage bond, but an unknown railway company. stock.

"Your Excellency, it's better when President Fillmore and you were in office, or when you were the Minister of the Treasury. Everyone has a job and can make a fortune. Unlike now, everything is a mess." Corwin's groom couldn't bear it. Live with emotion.

Groom's knowledge is limited. He only knows that when Fillmore and his cabinet were in office, everyone was doing well, but after the new President Buchanan took office, everything became terrible.

"Go to the Road Cafe on Broadway," Corwin said to the groom.

He's in a bad mood, Wall Street is a suffocating place, and he doesn't want to stay for a moment now.

Because the New York Municipal Building is located at the northern end of Broadway, this bustling street was crowded with protesters and shoppers, and the road was almost blocked by the flow of people.

Fortunately, Corwin's groom was very smart, he called out Corwin's name and his former position.

People were full of love for the former finance minister, and consciously made way for Corwin, and many people even asked him to be the finance minister again.

Hearing these words, Ke Wen in the carriage just shook his head and smiled wryly.

"Your Excellency Corwen, rare visitor rare visitor."

Doyle, the owner of the coffee shop, saw that it was Ke Wen who came to visit and hurriedly stepped forward to entertain him.

Few people in the American officialdom just let it go, these former high-ranking officials of the federal government, after leaving office, are still local sages with rich social resources, high prestige and influence.Such a big man, Doyle naturally did not dare to neglect.

"Everyone is missing you and President Fillmore." Doyle led Corwin to find a good seat to sit down.

"Your Excellency Ke Wen, long time no see." As soon as Ke Wen took his seat, someone walked up to him and said hello to him.

"Oh, it turned out to be Your Excellency Fan Daze. I was thinking of feasting my eyes on your Crystal Palace shopping mall, but I didn't expect to meet you here." Curwin warmly invited Fan Daze to sit down.

Cowen and Van Darze had met several times, and he was no stranger to the American retail giant, but Curwin didn't know the thin-faced man standing next to Van Darze.

"It's a good thing you didn't go." Fan Daze shrugged.

"Why do you say that?" Corwin was a little surprised.

"There are people looking for death everywhere. Those lunatics regard my shopping mall as their grave. The people who jumped off the building broke several pieces of glass. There are also those robbers who take advantage of the chaos. They are absolutely lawless at night." Van Daze complained road.

"Crystal Palace Mall has been closed since yesterday."

The Crystal Palace shopping mall is the largest and most profitable shopping mall in the United States. When the shopping mall is closed for one day, Van Darze's losses are calculated in five figures.This made Fan Daze's heart ache, as if someone had cut his flesh.

"Countless people's wealth evaporated overnight, causing riots is inevitable, we can only pray to God to save us from this desperate situation." Curwin said with a wry smile.

"Look at my memory." Van der Zee patted his sparsely haired forehead, as if he remembered an important matter, and immediately pulled Gary to his side and introduced him to Kewen.

"This is Garrett, president of the Atlantic Railroad."

Garrett also graciously shook hands with the retired former Treasury secretary.

"Nice to meet you. I wonder if you were the former president of the Atlantic Railway or the current president?" Curwin was curious about Garrett's position.

Although the Atlantic Railway Company is not as good as the two leading American railway companies, the New York Central Railway Company and the Erie Railway Company, it is also one of the few large railway companies in the eastern region.

When he was still the Minister of Finance, Curwin had heard about the Atlantic Railway Company. It is said that the controlling shareholder of the Atlantic Railway Company is his old acquaintance Liang Yao.It is rumored that another railway company controlled by Liang Yao, namely the California Railway Company, will change its name to the Pacific Railway Company.

Of course, these are just unconfirmed rumors.

However, the rumors may not be false. In August, Curwin heard that Vanderbilt and Liang Yao's father-in-law had withdrawn their capital from the railway industry.

Now it seems that these are not rumors, otherwise, Garrett would not be indifferent to drink coffee with his old friend Van Darze in a cafe in New York.

"Thanks to Mr. Liang's trust, Atlantic Railway Company has been the only president since its establishment." Garrett laughed.

The crisis also spread to the Atlantic Railway Company. In just two days, the stock price of the Atlantic Railway Company plummeted by 16%, and $27 was evaporated out of thin air.

Fortunately, after experiencing the sharp drop on the first day, the decline in Atlantic Railroad's share price tended to moderate on the second day.

After all, the Atlantic Railway Company is operating well and there are not many bubbles. It actually holds the railway franchise in Maryland and the two profitable minting machines from Baltimore to Philadelphia and Philadelphia to New York.

The loss of $27 is distressing, but Garrett believes it's only temporary.

"There are not many presidents of railroad companies who can sit here drinking coffee as calmly as you do today." Curwin asked as he picked up a cube of sugar and threw it into the steaming coffee, stirring it.

"I heard that Mr. Liang and Mr. Vanderbilt divestd from the railroad industry. Is this true? You are working for Mr. Liang. I think you know something about it."

"Mr. Kerwin's eyes are as bright as a torch, and Mr. Liang is really a prophet who can predict the future."

By now, the matter is no longer a trade secret, Garrett said bluntly.

"Mr. Liang talked to me specifically about this matter when he was still in New York. But I think there are many smart and astute investors in the United States. The railway industry is about to enter a cold winter. Mr. Liang is definitely not the only investor who can predict this."

"However, Mr. Liang and Mr. Vanderbilt are probably the only ones who have the courage to divest in a short period of time." Curwin sighed.

"Fortunately, Mr. Liang and Mr. Vanderbilt entered the railway industry to disrupt the situation. Otherwise, most of the railways that have been built will become scrap iron, which is a waste of resources."

Garrett is an insider in the industry, and he knows that Curwin is talking about the fact that Liang Yao launched the Pioneer locomotive, which contributed to the unification of gauge in the United States.

"Mr. Corwin, may I ask, I heard that the Michigan state government and the federal government are considering taking over the Michigan Central Railroad Company. Is this true?" Garrett asked.

Garrett has the idea of ​​​​hunting the bottom line, but if the government takes over these railway companies, this matter will be much more troublesome.

"I have already resigned, and I have seldom been involved in government affairs." Curwin sighed.

"I think Mr. Buchanan is also in a dilemma. If you don't save it, the railroad industry is too important to the American economy. Millions of people make a living on it. Save it. The federal government's finances are not rich. Your Excellency is an industry insider. What is your opinion on this matter?"

In the 1850s, before the railroad bubble was punctured, the railroad industry contributed as much as 26% to the gross national product of the United States, which was too big to fail.

In the past two days, Corwin has imagined countless times in his mind how he would handle this matter if he was still the Minister of Finance.

Unfortunately, this is an unsolvable problem at all.Not to mention Corwin, even if Alexander Hamilton (the first Secretary of the Treasury of the United States and the founder of the American monetary and financial system) is resurrected, I am afraid that there is no way to recover from this matter.

"I don't know. I'm just the president of a railway company. This question is beyond my ability. But I know one thing, that is, we must respect objective laws in everything." Garrett paused and continued.

"Your Excellency, when you were in office, did you consider the overheating of the railway industry?"

Garrett does not believe that a top-level executive like Corwin who can serve as Treasury Secretary will be unaware of the overheating of the railroad industry.

"Even if I think about it, what can I do?" Corwin took out the crumpled railroad farm mortgage bond from his pocket, and the scene just now came to his mind.

"A farmer who knows nothing about finance dares to exchange all his land for this piece of paper. How can I save these greedy and crazy people?"

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