Chapter 196: Different Intentions
"Mr. Thomas, I hope you can believe in our ability and give us some time.
We will take measures to recover the losses, and Yinli Railway Company will still be the most profitable railway company in the United States."
James assured Thomas.
Among the many railway companies, Yinli Railway Company is one of the railway companies with the smallest decline in stock prices.
Because Yinli Railway Company controls the railway routes from New York to Chicago and other cities along the Great Lakes.
This railway route is currently the most profitable railway route in the United States and is irreplaceable.
Compared with other railway companies, Yinli Railway Company still maintains a relatively high degree of trust with its strong financial resources and shareholders with strong backgrounds behind it.
But it is an indisputable fact that assets have shrunk, passengers have decreased, and freight orders have dropped sharply. If no measures are taken to remedy the situation, the consequences will be immeasurable.
Bahrain Bank is one of the largest shareholders of Yinli Railway Company.
If Bahrain Bank withdraws its investment, it will inevitably amplify the panic of other shareholders of Yinli Railway Company, and they will follow Bahrain Bank's footsteps to withdraw investment from Yinli Railway Company, causing a series of chain reactions.
James didn't want to see such a result, and he wanted to keep Barings Bank as much as possible.
"We Barings Bank have always been very patient investors, Mr. James, we are also old friends. I still believe in your ability for the time being, and I hope you won't let me down."
Facing the son of a wealthy New York family, the father of the founding father of the United States, Thomas' attitude and tone were still very arrogant.
Because Thomas is backed by the Barings family, a wealthy European family that even the wealthy families in New York dare not offend.
Thomas didn't really want to withdraw his investment from Yinli Railway Company, but just reminded Yinli Railway Company.
As August said, Barings Bank was very foresighted to invest in California and opened a branch in San Francisco, California to be responsible for the business of the Pacific Coast of America.
California's current economic situation is very good, and Barings Bank's investment in California has achieved corresponding returns.
Bahrain Bank's largest partner in California is Liang Yao, and Thomas is now considering deepening cooperation with Liang Yao.
Barings Bank and the American Group can cooperate not only in the gold rush industry, but also in the railway transportation industry.
Fish and Hunter, like James, were born into wealthy families in New York.
Before the stock price plummeted, Yinli Railway Company was the pride of New York State and the entire American railway industry.
Fish and Hunter are also shareholders and members of the board of directors of Yinli Railway Company.
Fish and Hunter are two completely different people, and their personalities are also very different.
Although their backgrounds are similar, they both grew up in the homes of large landowners and nobles at the beginning of the founding of the country, and are descendants of founding fathers.
But Fish is not a conservative person who sticks to the old ways. He is good at identifying people and is willing to change the status quo of his family to adapt to the new environment.
When Vanderbilt was not yet big, he recognized that this bold young man would change the pattern of the American shipping industry in the near future.
In the dispute between the Livingston family and Vanderbilt over the Hudson River route, Fish was one of the few wealthy families in New York State who stood on Vanderbilt's side, and introduced a very reliable lawyer to Vanderbilt to fight the lawsuit between Vanderbilt and Livingston.
Fish firmly believed that change meant survival and no change meant death. If the Fish family wanted to maintain its influence in New York State for a long time, it had to make changes according to the external environment.
In the game between sailing ships and steamships, the Livingston family, who followed the old ways and were unwilling to make changes, still used sailing ships, and tried to maintain their leading position in the shipping industry by monopolizing the Hudson route and the Indy Canal, was the best counterexample.
Compared with 20 or 30 years ago, the wealth and influence of the Livingston family in New York are no longer as good as before.
The current situation of the railway industry is just like the game between steamships and sailing ships. Railway companies and families holding railway companies that are unwilling to make changes will eventually be eliminated.
Hunter is more stubborn and prefers to live in his comfort zone.
Hunter's friends were basically limited to the social circle of his father's time, and he was unwilling to accept the New York upstarts headed by Vanderbilt.
He felt that these grassroots upstarts were just a group of annoying nouveau riche, and were not worthy of being with aristocrats like him with noble blood.
It was indecent to deal with these people.
Like his father, Hunter missed the America during the Jefferson presidency (1801-1809) very much, and believed that the America at that time was the real America. The current America has deviated from the ideals and paths of America at the beginning of its founding and is gradually moving away.
Hunter and Calhoun are of the same kind of people, but the difference is that Hunter's starting point is higher than Calhoun's.
The Pioneer slowly stopped.
After the train stopped, everyone got off the spacious and comfortable carriage.
Liang Yao and Vanderbilt were waiting for them under the train.
Liang Yao knew very well that if his railway company wanted to gain a foothold in the eastern part of the United States, it had to deal with these people.
It is necessary to contact these people who just got off the carriage, whether they are nobles and powerful people in New York State or New York agents of the Baring family and the Rothschild family.
"I guess you are Mr. Liang Yao, the speaker of the California State Assembly and the chairman of the board of directors of the American Group."
After getting off the car, Thomas enthusiastically stepped forward and shook hands with Liang Yao.
Thomas had never met Liang Yao before. He recognized Liang Yao at the first time based on his skin color and ethnicity.
"Mr. Thomas, your bank is the most important partner of our American Group. I believe Mr. Gibson has told you that we will fight side by side in the gold mining business in Australia." Liang Yao said with a smile.
"This project was approved by me personally. As the authorized agent of the Baring family in the Americas, I still have a little power." Thomas looked back at the Pioneer and said immediately.
"I think Baring Bank and the American Group have very broad cooperation space in some industries besides the gold mining industry, such as railways."
Thomas has made it very clear that he just wants to invest in Liang Yao's railway company to get dividends.
When in California, Liang Yao also learned about Thomas through Gibson. Thomas is a very successful banker and investor.
Trusted and relied on by the Baring family for his outstanding ability and beautiful ability, Thomas is fully responsible for the Baring family's business in the Americas.
Liang Yao will not allow outside forces to interfere with the railway in California. He must have absolute control over it. This is Liang Yao's bottom line.
Because he is powerful enough in California, he can get the authorization of the railway route with just a word in the state legislature and the state government, and no one can object.
The situation is different in the eastern region. It is much more difficult to get the authorization of the railway route than in California, and the process is much more troublesome.
It is unrealistic to want to shut out Thomas and the local nobles in New York.
California is Liang Yao's home court, New York is not, and other states in the east are not either.