Chapter 225: Atlantic Railway Company

"Come to my study for an interview."

Liang Yao took the file bag handed over by Garrett, opened it and glanced at the documents in the bag.

The documents in the bag were the financial plan and development plan of the Baltimore-Ohio Railway Company.

Compared to the grassroots wealthy people such as Vanderbilt, Rockefeller, and Carnegie, Garrett's background can be said to be a natural start. Although Garrett was not born into a founding noble family like Fish and Hunter.

But when he was born, his father was a shareholder of a securities brokerage company in Baltimore. Although he was not rich, he at least had no worries about food and clothing.

When Garrett was 16 or 17 years old, he studied for a junior college degree while interning as a manager in his father's securities brokerage company, learning business management skills and applying them.

When Garrett graduated from junior college at the age of 19, he became a shareholder of this securities brokerage company like his father and worked in this securities economic company.

Later, Garrett was optimistic about the development prospects of the railway industry. He resolutely took all his savings and joined the Baltimore-Ohio Railway Company, became a shareholder of the railway company and served as the chairman of the financial subcommittee, in charge of the finances of the Baltimore-Ohio Railway Company.

Although Garrett, 31 years old, is very young, he has 14 or 15 years of experience in large-scale company management.

When Garrett was in charge of the finances of the Baltimore-Ohio Railway Company, Garrett adopted very tough management methods and implemented new financial policies, which made the profits of the struggling Baltimore-Ohio Railway Company regain growth momentum.

However, the good times did not last long. The technical storm in the railway industry set off by Liang Yao and Vanderbilt once again put the railway company, which had a faint sign of revival, into a desperate situation again.

Facing the cold winter of the railway industry, this time, Garrett was no longer able to reverse the crisis.

Liang Yao carefully looked at the financial report, financial plan and development plan submitted by Garrett.

Garrett's judgment on the direction of development of this industry was very correct. He believed that the Great Lakes would soon grow into the most important industrial area in the United States. As long as he controlled the railway between the Great Lakes and the East, he would have a steady stream of wealth.

In the future, both freight and passenger transportation would make Baltimore-Ohio Railway Company a lot of money.

Unfortunately, given the poor financial situation of Baltimore-Ohio Railway Company, the company could not afford to continue building the railway after only 400 miles of railway construction.

After evaluating Baltimore-Ohio Railway Company, major banks also refused to provide loans to Baltimore-Ohio Railway Company.

Most of the company's shareholders also cashed out and left, leaving only a few unwilling shareholders such as Garrett.

"The Baltimore-Ohio Railroad Company previously lacked funds and technology, which is why it has not developed for a long time. Now with your entry, funds and technology will no longer be a problem.

If you believe me, let me take charge of this railroad company and serve as the president of this railroad company. I will turn this company from loss to profit within two years." Garrett said to Liang Yao.

Liang Yao believed that Garrett had such ability. Garrett was also a famous American railroad tycoon, but the American railroad tycoons of the same period all looked dim under the dazzling light of Vanderbilt.

Unlike Vanderbilt who liked to acquire and merge, and monopolize the industry in a rough way and at the fastest speed.

Garrett preferred to work carefully in a railroad company. With Garrett's efforts, shortly after the end of the Civil War, the Baltimore-Ohio Railroad Company quickly grew into a large railroad company with assets of more than 10 million US dollars.

Before the outbreak of the war, this railroad company was on the verge of bankruptcy several times.

Garrett's railroad company also lasted longer than Vanderbilt's railroad empire. When the railroad empire of the Vanderbilt family, which could not last for more than three generations, fell apart, Garrett's descendants still managed the well-run Baltimore-Ohio Railroad Company, spending $14 million to connect the existing railroad line to Philadelphia and enter the telegraph industry.

Garrett has sufficient ability and rich management experience, and is an excellent candidate to manage the railroad company.

"From today, the Baltimore-Ohio Railroad Company will no longer exist." Liang Yao said indifferently.

"Sir"

Garrett still wanted to struggle to save the Baltimore-Ohio Railroad Company.

All his wealth and energy were invested in the Baltimore-Ohio Railroad Company. If this railroad company no longer exists, not only will his previous efforts come to nothing, he will also become a pauper with nothing.

Liang Yao waved his hand and interrupted Garrett: "The Delaware-Hudson River Railway Company will merge with the Baltimore-Ohio Railway Company to form the Atlantic Railway Company, and this time the Delaware-Hudson River Railway Company will merge with the Baltimore-Ohio Railway Company."

"Then how do you plan to arrange for the shareholders and employees of the original Baltimore-Ohio Railway Company?" Garrett asked.

"If you are willing to stay at the Atlantic Railway Company, stay. If you don't want to stay, I won't force you." Liang Yao replied.

With the conditions of the Atlantic Railway Company, there is no need to worry about not being able to recruit people. Many people are trying their best to squeeze into the American Group. There are a lot of excellent new employees waiting for Liang Yao to choose.

"It turns out that Constantine, the president of the Delaware and Hudson River Railroad, will be the president of the Atlantic Railroad. Of course, I will put a bowl of water on the table. For the capable management of the Baltimore and Ohio Railroad, the Atlantic Railroad The company's door is still open for you.

Your financial report is good, and I am quite satisfied with your plan. If you want to stay in Atlantic Railway, I can offer you a position as Vice President of Atlantic Railway. "

This was the condition Liang Yao offered to Garrett. During this railroad merger, the Delaware-Hudson River Railroad merged with the Baltimore-Ohio Railroad.

It was more appropriate that the president of the Atlantic Railroad be succeeded by the former president of the Delaware and Hudson River Railroad, and Constantine stayed with him longer.

As for the suspicion of nepotism, Liang Yao doesn't care. America Group has so many industries. If he wants to control the companies below, Liang Yao sometimes has to rely on nepotism.

Furthermore, if Garrett is willing to stay, he has just joined the American Group family. It would be difficult for the old employees to convince the old employees that a newcomer who has just joined the American Group family should take charge of the Atlantic Railway Company.

If Garrett can prove his ability in the future, Liang Yao will not be stingy about promoting Garrett.

"Thank you for your appreciation. I would like to stay with the Atlantic Railroad."

After thinking briefly, Garrett made a decision.

The conditions Liang Yao offered him were already very generous, and he had no reason to refuse.

The current situation in the railway industry is already very clear.

In the future, the railroad industry in the United States will be dominated by large railroad companies.

After the three giants complete the acquisitions, Liang Yao's Atlantic Railway Company, Vanderbilt's Central Railway Company, and the old railway giant Yinli Railway Company headed by James will dominate the American railway industry.

The history of small local railway companies is about to become history. With overall backwardness in scale, capital, technology, and route resources, small railway companies simply cannot compete with these three giants.

"Go and hand over to Constantine, the president of Atlantic Railway Company." Liang Yao stood up and patted Garrett on the shoulder, "Do a good job, I'm optimistic about you and hope you can make a career in the railway industry."

Garrett nodded in agreement and said goodbye to Liang Yao after thanking him.

After Garrett left, Liang Yao unfolded the map behind him. On the map, with New York as the center, the Atlantic Railway Company's railway lines extended from Boston to the north of New York, Philadelphia and Baltimore to the south of New York, and Pennsylvania to the west of New York. Pittsburgh, Canton, Ohio, Akron, Cleveland.

His railroad empire in the east was already taking shape.