Chapter 193: New Standard! New Era!

With the funds currently held by Liang Yao and Vanderbilt, let alone prying the stock market on Wall Street in New York.

Even prying the London stock market, which was the largest in the world at the same time, would not be a problem.

Liang Yao also planned to cut a wave of leeks in the stock market on Wall Street, but most of his assets were gold, and he did not have many US dollars.

He could only let Connie withdraw all the deposits from the Bank of Bahrain and the Bank of France, totaling 1.5 million US dollars.

But this 1.5 million US dollars was not enough for him, so he asked Connie to go in and out of the Bank of Bahrain and the Bank of France several times to exchange gold for US dollars.

After Connie went to the Bank of Bahrain and the Bank of France several times, the presidents of the two banks could no longer sit still.

Because Liang Yao almost exchanged all the US dollar reserves of the two largest banks in the world.

The presidents of the two banks visited Liang Yao, hoping that Liang Yao would give them some time to raise more US dollars.

Liang Yao took the 3.8 million US dollars exchanged from the Bank of Bahrain and the Bank of France and entered the stock market on Wall Street.

In addition to buying shares of the Baltimore-Ohio Railroad, some shares of the New York Shopping Center were also purchased.

Three days later, the 2-mile-long Pioneer circular experimental track was laid beside the Hudson River.

"A new standard in the railway industry! A new era!" "Faster speed, lower accident rate", "Safety first, life first", "California gold tycoon officially enters the railway industry" and other articles were published in the New York Evening Post, which once again boosted the sales of the New York Evening Post and the publication volume of the New York Evening Post reached a new peak.

The pictures of these articles are a new type of locomotive and matching carriages that New Yorkers have never seen before.

The layout of the new locomotive named Pioneer in the photo is bold and avant-garde, and it looks powerful and powerful, which gave New Yorkers a great shock.

For the first time, Americans realized that locomotives can be made like this and carriages can be made so luxurious.

"It can run at a speed of 35 miles (56km) per hour with a load of 100 tons. What a joke!"

"Impossible! Absolutely impossible!"

"This is absolutely exaggerated false propaganda. You know, the Erie Railroad Company is the leader in the industry. Even if the most advanced locomotive is empty, it can barely run at a speed of 30 miles per hour with the best coal!"

"One more thing! Only when going downhill."

"I heard that the California Railway Company was just established last year. How could they invent such an advanced locomotive?"

This is the social response in New York after Liang Yao announced the parameters of the Pioneer.

Both ordinary people and industry insiders are full of curiosity about the performance parameters of the Pioneer, or even doubt.

The parameters announced by Liang Yao are really too shocking. Such locomotive parameters are comparable to advanced locomotives made by the British.

You should know that the manufacturing level of locomotives of other American railway companies at the same time is still at the level of imitating British locomotives 10 years ago, or even longer ago.

This news also shocked James, the president of Erie Railroad, the current giant in the American railroad industry, and it can also be said to be a threat.

If the data released by Liang Yao is true, Erie Railroad's status as the big brother of the American railroad industry will be in jeopardy.

According to the news that James has inquired, not only Liang Yao is going to enter the railroad industry in the east, but even the sailor he has always disliked is going to enter the railroad industry in a big way.

Liang Yao and Vanderbilt have a very good relationship. James suspects that Liang Yao has reached a secret agreement with Vanderbilt privately to authorize Vanderbilt's railroad company to use his patented technology.

Just as Liang Yao announced the public display of the Pioneer, all American citizens can go to the Pioneer to experience the amazing speed of 35 miles per hour brought by the most advanced locomotive in the United States.

Vanderbilt commissioned a brokerage company to sell all the stocks and securities of the railroad companies, and publicly stated that the various railroad companies in the United States are a pile of big, smelly and disgusting dog shit.

Vanderbilt's move caused strong indignation among the directors of various railroad companies. While criticizing Vanderbilt, some even issued a letter of challenge to Vanderbilt and challenged him to a duel.

This made the residents of New York City and even the entire New York State feel inexplicably excited, and they asked around for the captain's duel location.

But soon, the anger of the directors of major railroad companies was replaced by fear.

Vanderbilt's massive selling of railroad company stocks and securities in New York caused the stocks of major railroad companies to plummet.

This was just the beginning. The anxious retail investors were also eager to sell their railroad company stocks to reduce the losses caused by the stock decline.

The railroad company stocks on Wall Street almost fell from the darling of Wall Street to the abandoned child of Wall Street overnight.

The railroad company stocks on Wall Street fell out of control and became the hottest topic in the financial market.

Treasury Secretary Corwin, who was in New York, also noticed this.

When people's attention was focused on the railway, Liang Yao instructed Connie to let the two brokerage companies that worked for him increase their efforts to buy gold futures on Wall Street to further drive up the price of gold futures.

Now is the best time to increase the price of gold futures.

Vanderbilt's ambitions did not stop there, as the directors and presidents of major railroad companies fell into panic as railroad stock prices plummeted.

Vanderbilt immediately announced another blockbuster news: out of responsibility for the safety of the American people, the Stonington Railroad Company would remove all current railroad tracks.

Because these railway tracks are substandard, the rail materials are not up to standard, the sleepers are laid very randomly, and some sections are not even fixed with spikes.

To allow passengers to travel on such a railway is tantamount to murder!

Vanderbilt even said that it was nonsense to say that the American railway accident rate was higher than that of the two major railway countries, Britain and France.

It is some people who deliberately cover up the facts in an attempt to deceive the public for some reason that is well-known to everyone.

In fact, the accident rate on American railways is 3 to 5 times that of Britain and France.

Vanderbilt did not just talk and do nothing. After announcing the news, he immediately issued an order to stop all lines and cars under the Stonington Railroad Company. Freight orders that fail to be fulfilled will be compensated in full according to the contract.

When reporters from major newspapers asked Vanderbilt why he did this and whether the Stonington Railway Company would go bankrupt as a result, Vanderbilt said righteously: the safety of passengers' lives is more important than the company's. Survival is more important. If a railway company cannot guarantee the safety of passengers, its only outcome will be bankruptcy!

After the Stonington Railway Company ceased operations, Vanderbilt immediately sent workers to remove the substandard track in front of the people of New York and the media.

Collins, a well-known local reporter in New York, who became famous when he reported the Los Angeles tragedy, and his new partner Bi Chi recorded this historic moment with their cameras.

Vanderbilt's determination and violent methods surprised Liang Yao, and the entire New York railroad industry was under his control.

Of course, Vanderbilt did this at a cost. He also became the target of public criticism in the railroad industry, offending all vested interests in the industry.

The directors and presidents of the railway companies and the shareholders behind them do not have the consciousness to neither destroy nor establish.

As industry insiders, they are naturally aware of the problems existing in the American railway industry.

But for the past twenty years, they have tacitly understood each other and reached a tacit agreement. They just want to lie down and make money comfortably.

Building high-quality railway tracks and developing more advanced locomotives not only requires huge investments, but also entails additional risks. No one wants to do this thankless thing.

Anyway, with the protection of the federal government and Congress, the British and French railway companies were unable to enter the United States.

When Americans want to travel by rail, they have no choice but to choose their railroad company.

Vanderbilt was not alone. Just when all his colleagues regarded him as an enemy with a blood feud, Liang Yao stood up to support Vanderbilt without hesitation.

Liang Yao said that America Group, as a responsible and socially responsible enterprise group, will never collude with those railway companies that care about human life.

The Delaware and Hudson Railroad Company, a subsidiary of the American Group, will immediately suspend all routes and trains and dismantle all existing tracks, because these old and disrepaired railway tracks are substandard and cannot protect the lives of passengers. .

All future railway tracks will be constructed using the standards of the Pioneer experimental track.

Anyway, in the eyes of the outside world, Liang Yao and Vanderbilt just wear the same pair of pants.

Instead of hiding behind and waiting for the storm to pass, it is better to stand up and support Vanderbilt openly, and to put aside personal feelings to create a more perfect persona in front of the public.

As for the stubborn and conservative old aristocracy of the upper class in New York, Liang Yao never expected them to accept him.

From the moment he decided to monopolize California gold, he had officially declared war with the old aristocrats of New York, and there was no turning back.

The 20-year lie of the American railroad industry has been ruthlessly exposed, leaving the boards of directors, presidents, and shareholders of major railroad companies in mourning.

Some sober people have realized that the days when railway companies could comfortably make money are gone forever.

Of course, more people are still lucky and think that Vanderbilt and Liang Yao are just bluffing and sensationalizing.

They also did not believe the data related to the Pioneer announced by Liang Yao. They decided to take the Pioneer in person, calculate the Pioneer's real parameters, criticize the Pioneer, and expose the conspiracy of Liang Yao and Vanderbilt.

Only in this way can everything continue to get back on track and recover the falling stock prices and their shrinking assets.