Chapter Ninety-Nine: Burnt Out (3)
On a hot summer day on the east coast in February, Chen Jia, director of the Yanbu Railway Command, met with the latest investors in the back garden of his office. .
These investors and the money behind them are highly valued by Director Chen Jiachen, who is now raising funds for the construction of the railway, so he specially donated the top tea leaves in his collection and held a tea party in this backyard to communicate with everyone and connect with each other. In case the money still doesn't come together in the future, you will have to find them if you can't keep it.
There were more than 10 investors attending the tea party, and the threshold was not low, the least one also bought 5,000 yuan of railway construction bonds, and the largest number of representatives from the Almeida family bought 50,000 yuan of ten-year bonds (coupon rate of 4%). More than 10 people have injected a total of about 250,000 yuan into the Yanbu Railway, although it is still a drop in the bucket in terms of the construction cost of the entire railway, but it is already very good.
“…… There is no doubt that the investors have played a very positive role in the railway industry on the east coast. You injected a lot of money into the railroad under construction by borrowing, buying bonds, and buying shares in the Yanbu Railway in the primary market. Here, I would like to sincerely say thank you to all of you. Chen Jia said solemnly: "With your help, the construction progress of the Yanbu Railway can continue to move forward, and finally we can continue to give back to everyone's investment." Here I would like to solemnly mention that you can laugh at some rumors on the market and ignore them. I think anyone with a little strategic vision can see the importance of the Yanbu Railway, and the country has set a major policy for the development of the Pampa Plain east of the Yanbu Railway. At present, the Yanbu railway project lacks funds, but the government's deployment has not been adjusted for a while. When the new tax system is rolled out in an all-round way throughout the country and all kinds of tax revenues are collected in large quantities, the situation will certainly take a big turn. At that time, you don't have to worry about losing money on your investment, especially Mr. Naryshkin, you invested by buying stocks, I can guarantee that as long as you can continue to invest a certain amount of money in the future, this investment will bring you extremely rich returns, please believe me, your compatriot Mr. Goshkin can testify. ”
Mr. Naryshkin mentioned by Chen Jia is about early twenties, and his name is Oleg. Perhaps it was because he had come to an extremely unfamiliar place after crossing the ocean, you must know that although the United Province is far from Russia, it is still in Europe, and it took Naryshkin more than a year to come to the east coast, and the young man seemed very reserved, and at this time, together with his two companions, he was clutching the crocodile skin purse he had just bought, which probably contained the registered stock of the salt cloth railway, no wonder he was so nervous.
Seeing him so nervous, everyone smiled kindly, and in fact, no one thought that investing in shares of the Yanbu Railway was good business. These people may have confidence in the credibility of the East Coast government and are willing to buy some bonds or provide loans, but stocks? Are you sure that the Yanbu Railway can really be profitable? I'm afraid not, right? The railways that can be profitable on the east coast now can be counted on one hand, which are the South Cone Two Oceans Railway, the Qingmei Railway and the Forest Railway, and the rest of the railways are basically loss-making, and the Yanbu Railway will not be an exception in the future, if it can be repaired.
Goshkin would have sat next to the young man with a smile on his face, but he was actually more opposed to Oleg Naryshkin's direct use of 30,000 rubles to buy shares in the Yanbu Railway, for the same reason as everyone else, and there was no hope of making a profit.
He was now genuinely worried about whether the Naryshkin family in Moscow would have a detrimental effect on his business if he knew that he had not properly helped their young master to invest. You must know that although the Naryshkin family has now fallen into a big disadvantage in the political struggle, and has been suppressed very much by the Miroslavsky family, and the old Naryshkin (Fyodor's father-in-law) was once driven out of Moscow, but in the end, he is an old Russian aristocrat, and his family background is still very thick, and it is not difficult to deal with a character like Goshkin, of course, considering that Goshkin is now an East Coaster, the identity of foreign Russians will bring him a certain amount of protection.
However, after a ride on the La Plata Star train, the little Naryshkin suddenly became very insistent, insisting that all the money he had on hand be used to buy shares in the Yanbu Railway, and even borrowed 5,000 rubles in cash from Goshkin to enclose a large plot of land in the barren grassland near the Buenos Aires railway station, intending to build a number of commercial buildings in the future for the sale of Russian specialty goods.
Goshkin was a little stunned by Oleg's idea, he did not expect that the young man who came out of that backward part of Russia would dare to invest a large amount of money in the commercial facilities of the railway annex, which is only done by a few people on the east bank, and it has become less and less since last year, and Goshkin himself has only bought a small plot of land here, intending to set up an office for the winery in which he has a stake, so that in the future he can better sell red wine to the Pampa plain.
This is actually a normal business operation, but Oleg's current investment is too blind in his opinion, what is there at the Buenos Aires train station? The Spaniards' livestock sheds, burdock fields, and thick meadows, which were also sparsely populated, did not see any value in investing in the Spaniards, unless the East Coast government spent a lot of money to build infrastructure and relocate people, but there was no hope in the short term, as Goshkin was convinced.
However, Oleg Naryshkin insisted that he had nothing to say, anyway, the money belonged to others, and it was none of his business if he lost it, he had fulfilled his obligation to persuade, but people did not listen. Thirty-five thousand rubles, the Naryshkin family can afford it, but Goshkin feels that it is a pity, this money could have been better invested.
Speaking of the Naryshkin family's Oleg investment in the East Bank, in fact, it was also promoted by the East Bank Ambassador to Moscow, Kang Youdao. This enterprising diplomatic doer took advantage of the fact that the Naryshkin family was very suppressed, and took the initiative to approach and make political investments, because he saw that Tsar Fyodor was in poor health and could die at any time, while several other princes were either equally weak and sickly, or had some IQ problems, and only Prince Peter was smart and healthy, and it was very likely that he would directly inherit the Russian throne in the future, so he made a lot of political investment in the Naryshkin family.
In this way, the relationship between the two sides gradually became closer, and it was also under the influence of Kang Youdao that the tsar's father-in-law, Naryshkin Sr., came up with the idea of sending people to the east coast to invest in order to diversify the risk. You know, his old buddy and political ally Matveev has been exiled to Siberia by Miroslavsky, and their family's current life is very difficult, and it is difficult to say what will happen in the future, so sending the young children of the family to invest overseas is supposed to be sorted out. They had already sent people to London and Amsterdam to invest, and it was not uncommon for them to send another person to the East Coast, which is now becoming more and more famous and has become a new place to invest or study.
So, against this background, Oleg Naryshkin smoothly transferred 30,000 rubles of money out of the country through the banking system in Arkhangelsk on the East Bank, and then invested them on the East Bank. This idea is excellent, but in Goshkin's opinion, he did not choose a good investment target, but it is a pity!
But what else can be done now? Goshkin had already made a plan, and in a few days he would persuade him to learn from the Murat Sheikh from the Ottoman Empire. The wise man, who did not know which agent of the Ottoman magnates, had invested in many industries on the east coast, and those industries had great profit prospects in Goshkin's opinion, although they may not make a lot of money, but they will not lose money; In addition, there is a businessman who is said to be a French Huguenot, and I don't know who ordered him to take a stake in the famous messenger liner company on the east coast, although the shares are not much, but it is also a relatively promising industry, which is admirable; Of course, there are several businessmen from Bruges and Antwerp, the South Netherlands, they also invested in the Yanbu Railway, but they were more reasonable and conservative, and they bought the bonds issued by the Yanbu Railway Project Command.
Speaking of which, we have to mention that from the perspective of the source of funds for the Yanbu Railway, an interesting phenomenon is that more and more foreign capital has gradually entered the East Coast Republic of China and began to invest in the industries approved by the East Coast government. These funds have a clear safe-haven character, such as the Naryshkin family, which has encountered a political crisis, such as the Huguenots, who are getting worse and worse in France, such as the South Netherlands businessmen who are in danger of falling into the quagmire of war at any time, and the Geno*a businessmen who have a low return on domestic investment.
These foreign funds, good investment projects will definitely not be left to them, and they can only invest in some projects that do not look so good, such as the bonds of the Yanbu Railway. And the East Coast is also cautious about welcoming the entry of these capitals, as long as they do not disrupt the market, do not cause excessive inflation, do not involve sensitive industries or technologies, then there is no problem, and encourage these safe-haven funds to enter the East Coast, even if it is deposited in the East Coast Bank, it does not matter, it is the most welcome. Of course, if these safe-haven funds purchase all kinds of goods needed on the East Coast in the Old Continent (including labor resources such as indentured slaves), and then transport them to the East Coast for capital, then they are more welcome, and even give certain preferential measures, such as duty-free quotas, etc.
Well, let's get down to business. Chen Jia praised little Naryshkin, and solemnly talked about the future of the Yanbu Railway. He said that there is an idea within the State Administration of Railways at present, which is to package assets including the Yanbu Railway, the Southern Cone and Two Oceans Railway (after the transfer of the future Southern Railway Company) and the Patagonian wool transportation railway that may be built in the future into a newly established state-owned transportation enterprise, and they even have a name in mind, called the American Railroad Company, which is the second railway operating enterprise under the State Railway Administration (the major shareholder of the Southern Railway Company is the Ministry of the Army, not the State Railway Administration) American Railroad and Rail. The competition between the two railway companies is actually what the Executive Committee is willing to see, and it is also a good thing for the East Coast railway transportation industry in the long run.
And this Chen Jia mentioned the matter of the American Railroad, which suddenly made these investors who were originally a little lazy and lazy straighten their waists. Foreign investors, including Goshkin, Rodriguez, Almeida, Doria, etc., were very surprised and excited by the news they suddenly heard, because if a railroad company of the Americas is really established, then it actually means that the Yanbu Railway, which is the main asset of this state-owned enterprise, will most likely not be yellow, and the East Coast government is gritting its teeth and insisting, it should also complete and officially operate this railway, which should be a major positive for all investors here. They believe that when the news of the official establishment of this company is made public, the enthusiasm of the outside world for the Yanbu Railway should warm up a lot. At that point, it will be unlikely that you will be able to invest in stocks at a good price, buy bonds at a discount, or borrow at a relatively high interest rate. Therefore, in general, they are right in this vote, bonds and borrowings do not have to worry about being wasted, and as for whether stocks are worth investing, we have to look again.
Goshkin was also a little surprised by the news, because his partners had not told him about it, indicating that they had not yet had time to hear about it. But in any case, once this company is formally established, the situation of the Yanbu Railway should be greatly alleviated, and the investment prospects of the railway will also rise rapidly. Speaking of which, the state is really not joking, and it is really not a joke to say that it wants to focus on the development of the Pampa Plain, Goshkin was a little skeptical before, but now it seems that it should not be at all.
In this way, the value of the railway annex will be greatly increased. The huge amount of land, whether it is used to build factories, shops, warehouses, farmland, orchards or other facilities, is of considerable value, and when you want to get back a sum of money for the project, you should discuss with the shareholders whether you should also invest in some plots, whether you develop them yourself or sell them to others in the future, you should not lose money.