Rebirth 79: I opened a bank in the United States

Chapter 244 Highway Trust
The debate within Microsoft is still going on.

Among the three veterans, Bill was not at all interested in the operating system, and felt that it was a waste of time and energy.It is also easy to fail to do well, and then smash the signboard of "BASIC development master" that you have already made.

Kay Nisi, on the other hand, firmly believes that Microsoft should have its own operating system products.It is best to design and do it yourself. Only superficial, good products that are obvious to the public can really help them open up the market.After all, what kind of background development, which company is strong and which is weak, who cares about ordinary people?
They only care about whether the product they buy is good or not
Sandwiched between these two, Paul is in a dilemma!
On the one hand, both parties have a point. From a rational point of view, after Carter's performance.Personally, Paul is more inclined to support Kay Nissie's views, but Bill, who doesn't catch a cold, is the big boss.With a full 60% of the shares, he is determined not to work on the operating system, so he can't openly object, right?

Ever since, Paul began to fight with each other, temporarily putting aside the discussion of the operating system.In addition to completing the Apple order, he concentrated on preparing for IBM's affairs.

On the other hand, three days after Moyo communicated on the road construction and investment promotion plan by phone, Carter was the first to receive a call back from Benjamin.According to what was said on the phone, the city of Columbus is very optimistic about this road and is also very enthusiastic.

Especially after the Columbus city government communicated with the Fort Benning base, Fort Benning also stated that if this road exists, it will be much more convenient for them to transfer personnel and materials to the seaside for loading in the future.Especially when small batches are transshipped, it is not cost-effective to use railways at that time.
After getting this reply, Carter expressed his understanding.Because in the past few days, he was playing and relaxing with Jim, but he was also not idle. On the one hand, he had to read information about Japan; on the other hand, he also had to study the situation in Georgia in order to more accurately estimate the benefits of this road.

It wasn't until he consulted these materials that Carter knew that the earliest Georgia state capital was not actually in Atlanta, but in Savannah.Later, due to the swamp conditions near Savannah, the land traffic conditions were too poor, and Atlanta's economy exploded due to the rise of the railway, which transferred the state capital from Savannah to Atlanta.

In the original transportation from Fort Benning to Savannah, the railway from Georgia to Savannah Port was used.Railways are undoubtedly more affordable when transporting large quantities of materials and a large number of people.But if the transshipment volume is small, if you want to drive to Savannah from the road, you have to go around a big circle, detour through the north or south of the state, and enter Savannah via the north-south road.

Therefore, it would be a welcome thing for Fort Benning to have such an east-west highway leading directly to Savannah.And Columbus also hopes to have such a road to save the transportation cost of their city's products and shorten the transportation distance.

When there was no such road, they wanted to develop import and export trade, so they had to give corresponding companies a lot of financial subsidies to make up for their loss in transportation.And with this road, regardless of the toll period, it seems that the cost is similar. If you want to develop, you still have to give subsidies, but once the toll period is over.

Then the financial expenditure that this road can save Columbus every year is not a small number! !
Under such circumstances, I heard that someone was willing to take over the offer to build the road, and this person was jointly guaranteed by several cities such as Douglas, Pearson, and Argyll.

Even if this person really has a problem, or half of the repair goes bankrupt, isn't there someone to help share the risk?After thinking about it, the mayor of Columbus, Georges Maxwell, quickly agreed in principle to join the ranks of joint guarantees.

It only needs to be discussed in the parliament, and after reporting, it can be implemented!

In Benjamin's original words, the possibility of this matter passing is very high!Generally, a positive answer can be obtained within a week.And when things got here, the first step of the road construction project was successfully sold.

The second step is to raise [-] million US dollars.For financing, Carter is not very worried
Because in things like road construction, there are usually several sources of funding.Take the 430-kilometer expressway that Carter plans to build from Columbus to Savannah as an example. This is a typical intrastate expressway.

For the construction of local highways, local finance will pay part of the money.In the construction stage, the local finance generally does not contribute too much, especially in the current recession and the road construction plan is initiated by private individuals.But in the later stage of road maintenance, it is basically the responsibility of the local government, and the money comes from the surcharge in the fuel cost, that is, in addition to taxes, the price of each gallon of gasoline includes a part of the road maintenance fee.

So for me, I only need to care about how to build this road, as for how to maintain it in the later stage, that has nothing to do with me.And in the course of this operation, many people should have heard of the thing called "Highway Trust Fund".

However, in terms of construction, the Highway Trust Fund is mainly responsible for the construction and maintenance of interstate highways and national highways.There is almost no need to count on the appropriation of the Highway Trust Fund for this kind of state highway, and for the city's finances, Carter can only hope that the Columbus City Government will help him a little bit.

These contributions will collectively form a new road trust.Unlike the road trust fund, this road trust is a pure trust product.

That is, all the money will be transferred to the account of the trust company, that is, the assets will be entrusted to the trust company for help.The direction of investment is also very clear, building roads!

After the trust company receives the money, it will start to look for construction units and start to use the money to build roads.In the end, the income generated by the road will be sent to the trust company first, and then the trust company will distribute the accounts to the beneficiaries one by one according to the benefit ratio communicated in advance.

Here comes the interesting part. According to the "Reserve Bank Act" of 1913, the national bank can participate in the trust business; and the subsequent bills enacted by the states also stipulate that the state banks can open the trust business, that is to say, this so-called The trust company, the trustee, can be completely acted by Black Bank.

In this way, Carter is [-]% sure that he will transfer this job to his DOG construction workers.In this way, as the boss of DOG Construction Engineering, in terms of construction costs, hehe.
And I can secretly make a fortune first!
As for doing this, there is no such thing as a secret operation!

To open a trust business, Black Bank will face supervision from the Trust Department.All accounts, management, accounting must be done separately from the rest of the bank's operations.

Therefore, even if the money is collected in Black Bank first, the rest of the investors will not worry about the money being embezzled without authorization.It's just that as the boss of the entrusted party, Carter can influence the choice of the construction unit.

And as long as there is this effect, Carter is satisfied!

(End of this chapter)