1850 American Gold Tycoon.

Chapter 508 Two birds with one stone

If he was sitting in Buchanan's position, Liang Yao would naturally not be able to clean up the mess of the American railway industry and the economic crisis.

However, the problems of the railroad industry in the West Coast are not as serious as those in the East, and they have not reached the point of no cure.

California's fiscal situation is also healthier than that of the federal government and eastern states.

"The scale of the railway industry in the west coast is not as large as that in the east. I think that with the financial resources of California, this problem can still be solved." Liang Yao said after a pause.

"The decline in the San Francisco Exchange Railroad's share price has more to do with the fallout from the economic crisis in the East than with anything wrong with our railroad industry itself."

"I agree with Chairman Liang's point of view." Fremont agreed with Liang Yao's point of view, he said.

"We are the only state that has introduced the "Railway Route Planning and Construction Approval Act". Almost all routes have been strictly planned and approved. There is no such problem as in the east that wastes resources by building railways in order to acquire land. This state and the west coast Regional rail companies, I don't think they are junk assets."

There is no shortage of land in California and the entire west coast region. The cost and threshold for investors to acquire land are lower than those in the east, and there is no need to rely on the indiscriminate means of building railroads to acquire land.

Fremont also believes that the railway industry in the west coast is not as hopeless as the east. He even feels that the development level of the west coast is very low, and the railway companies in the west coast still have a lot of room for development.

"Your Excellency the governor's words touched my heart." Liang Yao expressed his thoughts.

"Just now I asked Deng Wenyu, Minister of Finance, that there is still a lot of surplus in the state's finances. My idea is that the Ministry of Finance organizes commissioners to evaluate railway companies that intend to be taken over by the government. According to the results of the evaluation, a meeting is held, and the state government can take some shares as appropriate. shares in railway companies.

In this way, it can not only boost investors' confidence in the state railway company.When the railway industry picks up, the state government can also get dividends. "

"Wonderful, this is a good way to kill two birds with one stone." Peelman echoed.

"However, the premise of all this is that the railway industry can recover. If, I mean, if the railway industry continues to slump and it is difficult to get out of the cold winter, the state government will suffer huge losses." Ge Wen was a little worried.

Recently, Ge Wen has received many telegrams from his mentor Ke Wen. In the telegrams, Ke Wen often poured out bitterness to Ge Wen, regretting that when he was the Minister of Finance, he allowed the railway company to grow wildly, which led to today's disaster.

Gwen doesn't want to see California go the way of the federal government.

“So I suggest that the state finance department organization commissioner conduct an assessment and then hold a meeting to make a decision.” Liang Yao said.

"There is no investment with a 100% success rate. Since it is an investment, it is inevitable to bear corresponding risks if you want to get rich returns."

"Your Excellency the Secretary of State, I think the proposal of the Speaker of the State Assembly is feasible." Deng Wenyu, the Minister of Finance who had not said a word, got up to speak.

"Except for Calrail, the stock prices of the remaining railway companies have fallen by at least [-]%. If the state government invests in these railway companies now, the cost is not very high. If it is really unfortunate, this investment fails. I want to suffer losses, the state The government can afford it too."

Deng Wenyu has inspected some railway companies in advance. California's railway companies are far from insolvent, and the population of California is still growing at a high speed. If high-quality immigrants and investment from the east can be attracted in the future, the population growth and economic growth will only increase. Take it to the next level.

That said, California's need for rail transportation will only continue to grow.

"I also agree with the proposal of His Excellency the Speaker." Fremont also expressed his opinion.

"It's the first time our city has directly invested in an industry, and I think the effect will be immediate."

The high-level meeting ended in support of Liang Yao's proposal, and the result was quite satisfactory.

"Okay, you guys are getting more and more prudent in handling things." Liang Yao patted Deng Wenyu on the shoulder. He was very satisfied with Deng Wenyu's performance at the meeting today.

"I heard that you have been admitted to California State University and plan to study law? Old Deng's family is going to produce college students."

"Third brother, don't make fun of me. Thanks to the new California State University, the admission requirements are low and the exam is not strict, so I was able to pass. If I go to a university in the east, I have no confidence at all." Deng Wenyu was a little embarrassed.

There is no national unified college entrance examination in the United States in this era. The way of university admissions is which university you want to study, which university you take the entrance examination for, and the university then selects the best according to the actual situation and the performance of the candidates.

Of course, if the family's financial resources are strong enough or there is a recommendation from the elite of the education committee above the state, even the test can be skipped directly.

"You study law and plan to go into politics?" Liang Yao asked with his hands behind his back.

"I have this plan." Deng Wenyu nodded without denying it.

"It's great to read more books, but don't miss the business, understand?" Liang Yao said to Deng Wenyu earnestly.

"Remember Your Excellency Speaker's instruction!" Deng Wenyu laughed.

"Okay, stop joking, it's hard work for you, the finance minister, to inform the representatives of various Chinese chambers of commerce with Zeiss to come and listen to Taoyuan. I have very important things." Liang Yao rode on the Puma card pushed by Zeiss Bike, prepare to ride to the train station, and then return to Tingtao Garden by car.

Liang Yao's new house in Sacramento is still under construction. Except for his mother and Zoe who prefer to take their children to live in the old Sacramento house with a better environment, he himself still lives in Tingtao Garden in San Francisco for convenience.

Since Strauss was going to take the train to Oklahoma City, Oregon, and then return to Liangzhou, he and Liang Yao took the same road, so the two rode together to the train station in Sacramento.

Liang Yao was riding a bicycle on the clean and wide concrete road in Sacramento.

Since the launch of Puma bicycles, they have become popular all over the country and sold well overseas.

Cycling has become a new fashion in major cities in the United States, especially the urban middle class, who are proud of cycling.

At present, the production capacity of bicycles is limited and the supply exceeds the demand. Owning a bicycle in this way is very cool and something to be proud of.Because bicycles do not produce manure like horses, major cities in the United States encourage citizens to purchase bicycles and travel by bicycle.

Eastern states also frequently sent warm invitations to Liang Yao's General Machinery Company.

Offered very favorable conditions to attract General Machinery to set up factories in their state.

Because Liang Yao first needs to meet the needs and jobs of California.Currently, it only has one bicycle factory producing bicycles in New York and Texas, and has no plans to set up factories in other states.

Liang Yao rode this customized Puma bicycle on the road and attracted the attention of many passers-by. He seemed to be the most handsome boy on the street.

"My mother said that you don't need to have a wedding gift, but if you don't have a bicycle, a sewing machine and a house, you don't want to marry me."

On the street, a girl looked at Liang Yao enviously, pointed at Liang Yao's bicycle and said to her lover.

"I want his bike. His bike looks good."

Hearing this, Liang Yao just shook his head with a wry smile and continued riding his bicycle.

"Your Excellency, you have done a good job."

Strauss stepped on the bicycle pedal hard to increase the speed to the fastest speed, and then let go of his hands to ride, enjoying the feeling of the breeze blowing on his face, showing a cheerful smile.

A man's happiness is sometimes so simple.

"What good am I doing again?" Liang Yao asked puzzledly after speeding up to keep up with Strauss.

(End of this chapter)