Chapter 514: Killing Two Birds with One Stone

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

However, the problems in the railway industry on the West Coast are not as serious as those in the East, and they are not yet hopeless.

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 California can still solve this problem with its financial resources." Liang Yao paused and said.

"The decline in San Francisco Exchange Railroad stock prices has more to do with the economic crisis in the East than anything wrong with our railroad industry itself."

"I agree with Speaker 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 problem in the east of indiscriminate construction of railways and waste of resources in order to obtain land. This state and the West Coast I don’t think regional railway companies are junk assets.”

There is no shortage of land in California and the entire West Coast region. The cost and threshold for investors to obtain land are lower than in the east. There is no need to rely on such dirty tricks as building railroads to obtain land to obtain land.

Fremont also believes that the railway industry in the West Coast is not as hopeless as that in the East. He even believes that the West Coast is underdeveloped and that 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.

"I just asked Finance Minister Deng Wenyu that the state's finances still have a lot of surplus. My idea is that the Ministry of Finance organizes commissioners to evaluate the railway companies that the government intends to take over. Based on the results of the evaluation, a meeting will be held, and the state government can take some shares as appropriate. shares in railroad companies.

This will not only boost investor confidence in the state's railway companies. When the railway industry picks up, the state government will also receive dividends. "

"Brilliant, it's a great way to kill two birds with one stone," agreed Pillman.

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

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

Gervin does not want to see California go back to the old path 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, if you want a generous return, you will inevitably have to bear the corresponding risks."

"Your Excellency, the Secretary of State, believes that the proposal of the State Speaker is feasible." Finance Minister Deng Wenyu, who had been silent until now, stood up to speak.

"Except for Caltrain, the stock prices of the remaining railway companies have fallen by at least 40%. If the state government invests in these railway companies now, the cost will not be very high. If it is really unfortunate that this investment fails. I want to suffer losses, the state The government can also afford it.”

Deng Wenyu inspected some railway companies in advance. The railway companies in California are far from insolvent, and the population of California is still growing rapidly. 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 means California’s demand for rail transportation will only continue to grow.

"I also agree with the Speaker's proposal." Fremont also expressed his position.

"This is the first time that our state and city have directly invested in an industry, and I think the effect will be immediate."

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

"Okay, you are becoming more and more stable in your work." Liang Yao patted Deng Wenyu on the shoulder. He was very satisfied with Deng Wenyu's performance in the meeting today.

"I heard that you were admitted to California State University and plan to study law? The old Deng family is also going to have a college student."

"Third brother, please don't make fun of me. Thanks to the new California State University, the admission requirements are low and the exams are not strict, so I was able to pass. If I were to get admitted to a university in the east, I wouldn't be sure at all." Deng Wenyu was a little embarrassed.

In this era, the United States does not have a unified national college entrance examination. The way of college admissions is which university you want to study, and which university you take the entrance exam. The university will then select the best based on the actual situation and the test scores of the candidates.

Of course, if the family's financial resources are strong enough or there is a recommendation from an elite education committee at or above the state level, even the exam can be omitted.

"Are you studying law and planning to enter politics?" Liang Yao asked with his hands behind his back.

"I have this plan." Deng Wenyu nodded and did not deny it.

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

"Remember the teachings of the Speaker!" Deng Wenyu said with a smile.

"Okay, stop joking. As the finance minister, please come and work with Zeiss to notify representatives of the Chinese Chamber of Commerce to come to Tingtaoyuan. I have something very important." Liang Yao rode on the Puma brand that Zeiss pushed. Bicycle, prepare to ride to the train station, and then ride back to Tingtao Garden.

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

Strauss had to take a train to Oklahoma City, Oregon, and then return to Liangzhou, so he and Liang Yao were on the same route, so they rode together to the Sacramento train station.

Liang Yao rode his bike on the clean and wide cement road in Sacramento.

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

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

At present, the production capacity of bicycles is limited and in short supply, so owning a bicycle is very cool and something to be proud of. Since bicycles do not produce feces like horses, major cities in the United States encourage citizens to buy bicycles and ride them.

Eastern states have also frequently extended cordial invitations to Liang Yao's General Machinery Company.

Very generous conditions were offered to attract General Machinery Company to set up factories in their state.

Since Liang Yao first had to meet the needs and employment in California. Currently, there is only one bicycle factory in New York and Texas to produce bicycles, and there is no plan to set up factories in other states.

Liang Yao rode this customized Puma bicycle on the road and attracted the attention of many pedestrians, and he became the most handsome guy on the street.

"My mother said that the wedding gift can be omitted, but if you don't have a bicycle, a sewing machine and a house, don't even think about marrying me."

On the street, a girl looked at Liang Yao with envy, pointing at Liang Yao's bicycle and said to her lover.

"I want a bicycle like his, his bicycle is beautiful."

Hearing this, Liang Yao just smiled bitterly and shook his head, and continued to ride forward.

"Sir, you did a good job."

Strauss pedaled hard on the bicycle pedal to increase the speed to the fastest, then let go of his hands and rode with both hands, enjoying the feeling of the breeze on his face, showing a happy smile.

Sometimes a man's happiness is so simple.

"What good thing have I done again?" Liang Yao sped up to catch up with Strauss and asked in confusion.