197: The cry of the times
After a night of consideration, Mrs. Seravi agreed to his terms.
She wouldn't make trouble for Lin Yao, and in return, Lin Yao had to give her a hush money so that she could afford to raise her four children.
For such a solution, Lin Yao and Mrs. Seravi were very satisfied.
A trouble that can be solved with money is not a problem.
What's more, Seravi really died because of him, and giving his family a sum of money to settle this matter and keep his family from starving to death, what to think about is what Lin Yao should do.
A few days later, the new sheriff came to Stone Town to take office, and Lin Yao officially stepped down from the position of sheriff.
Half a month later, the state legislature announced Hanon's death, and the wanted warrants for Hanon and his gang were revoked, and Lin Yao was given a check worth $120,000 in the form of a reward.
Of the $120,000, 100,000 were Hanon's bounty, and the remaining 20,000 were the bounties of the other bandits combined.
None of Hanon's people had a clean foundation, and they all carried bounties on their backs to a greater or lesser extent, and dozens of people added up to a lot of income.
Lin Yao divided the money into several parts, and the participants and the war dead all shared, and after giving Mrs. Seravi $20,000 in compensation, he got the remaining $30,000 for himself.
$30,000 in 1889 was equivalent to $3 million in later generations.
This is not a small amount of money, Henry Ford only raised a total of $28,000 with eleven partners when he founded Ford.
At this time, Lin Yao himself had $30,000, and if you count the gold bars hidden on the farm, his personal assets could reach $42,000.
With money, there is time.
Lin Yao began to think about how to use the money.
Mining mines, ranching, and oil extraction are the first choices of Texans.
Lin Yao is not ready to do this, the first three may make him a millionaire in the next twenty years, but not enough to make him a multimillionaire.
He has greater ambitions and is not content with petty fights.
So the idea of the car came to his mind again, and he had wanted to partner with Ford in 1896 to build the first car empire.
Looking at it now, he has money and ideas, why does he have to cooperate with Ford?
The internal combustion engine has appeared, the car has not appeared, but people's habitual thinking is doing the trick, and no one has pierced that layer of window paper and used the internal combustion engine on the car.
Although he doesn't understand machines, he always knows that the internal combustion engine drives the bearings to move, and the bearings drive the wheels forward.
In fact, he didn't have to wait for Henry Ford, he could have taken his place, and even because of the foresight in his mind, he might have done better than Ford.
Ford used to think that as long as the car was fast and practical enough, it didn't have much to do with its appearance.
Obviously, this judgment is wrong.
While Ford was building a steady stream of Ford Model T, Volkswagen's Beetle was quietly introduced.
The more novel shape and the newer trendy colors have made the Beetle overshadow Ford and become the new favorite of car lovers.
People are already disgusted, and the streets are full of Ford Model T. cars.
Before the Beetle came out, Ford himself had always believed that the Model T was a favorite and that there was no need to work the model.
Therefore, several cars in the Ford series look similar, and this is not a mistake.
Lin Yao believes that if he starts a car company, he will definitely not repeat Ford's mistakes.
He had in his mind what all the classic models of cars would look like in the next hundred years, even extending from cars to trucks, and then developing into armored vehicles, tanks, and entering the military industry.
What's more, when the evolution of the engine is powerful enough, why not move from land to sky?
It's a promising business plan to drive cars with internal combustion engines, trucks and tanks, and then airplanes when the time comes.
When the time comes, he will be more powerful than Ford, Ford has never won the title of the richest man in the world in his life, and he has been pressed by Rockefeller and Andrew Carnegie in China, and this kind of thing will not happen to him.
After sorting out the trivial matters at hand, Lin Yao's family moved to New York.
At first, instead of buying a house, they lived in a rented apartment.
Lin Yao took all the money in his family, including the $5,000 that Lin Zhizhou sold the ranch and the $3,000 in the family's savings, a total of $50,000 to start his trip to Europe.
He visited many factories and met many engineers, including Otto, the inventor of the four-stroke internal combustion engine, and discussed with him the future development of the internal combustion engine.
When everything was ready, in 1890, a car company called Stephen Volkswagen was quietly launched.
At this time, because automobiles have not yet been promoted, gasoline is still a defective product after refining kerosene, and it is a dangerous substance.
In the name of the Dangerous Goods Handling Company, Lin Yao entered into a gasoline disposal agreement with the Rockefeller Group.
He will buy gasoline that the Rockefeller Group has been using as scrap for $100 a tonne, and the five-year contract will provide Lin Yao with a large reserve of cheap gasoline.
In June 1890, America's first autonomous automobile was introduced.
No one knows what this $3,800 monster on four wheels represents, although the world's first car was available in 1886, but due to technical reasons, there was no full-fledged car popularization.
It's an emerging market with a lot to offer.
In 1892, Lin Yao's automobile company sold a total of 1,600 Volkswagen Model T cars in three years.
Total revenue was $6.08 million, and the company made a profit of $1.8 million.
Lin Yao became the new millionaire, and the limelight was as unparalleled as his Model T.
After three years of basic planning, the car was recognized by ordinary people.
People are starting to embrace this new thing, and the rich are proud to have a car.
Then came the problem, the price of $3,800, let alone ordinary people, even the middle class could not afford it.
Taking Lin Yao's previous situation as an example, his family was relatively wealthy in Stone Town, but their family's total assets were $8,000, and it was impossible to spend $3,800 to buy this big toy.
In the same way, no one in Stone Town is willing to pay this money in a small town, and only those who have hundreds of thousands, or even hundreds of thousands of dollars, have the leisure to buy a car for fun.
This also means that if the price of the car cannot be reduced, the car will eventually be the pet of a few, and the sales will never be satisfactory.
To this end, Lin Yao began to implement the assembly line work method, simplifying each manufacturing process of the car to one person responsible for one.
Those who make wheels make wheels, those who make doors make doors, and finally assemble the car.
This greatly improves efficiency and reduces the price of the car to $2,600.
Lin Yao was still not satisfied, and Ford Motor compressed the price of the car to $350 around 1914, making the car an existence that middle-class families could also dream about.
The low price and perfect craftsmanship have made the Ford Model T in history reach a terrifying sales of 15 million units.
Lin Yao also hopes so, but the current price of internal combustion engines remains high, and the price of an internal combustion engine alone is 1,200 US dollars, which also makes it difficult to reduce the price of the car.
It's a matter of cost.
The internal combustion engine is still a novelty, and without factory mass production, the price will naturally remain high.
Lin Yao then invested 800,000 US dollars to open a supporting internal combustion engine manufacturing factory.
The effect of this move is remarkable, and the cost of an internal combustion engine is only 150 US dollars, which directly caused Lin Yao's big price reduction.
The Volkswagen Model T was reduced from $2,600 to $1,800 at one time.
In addition, Lin Yao also selected companies that could provide him with cheaper wood and steel through competitive bidding, and simplified some unnecessary car facilities.
Finally, around 1895, the price of the Volkswagen Model T was locked at $1,200.
This price is unlikely to change significantly in the next decade, and it is not technically realistic to make a car that Ford made in 1914 at a cost of only $350.
In 1905, Volkswagen sold a total of 1.2 million Model T, and Lin Yao became synonymous with wealth in the new era, with a net worth of up to 600 million US dollars.
In 1908, Volkswagen trucks were introduced to the market as a way to transport by land.
In 1912, Volkswagen Military Industry was listed to produce an armored vehicle called the Cheetah tank.
Soon, World War I broke out, and orders for tanks and trucks rained down from Europe.
In 1915, Lin Yao replaced Rockefeller and officially became the richest man in the world with a net worth of $1.7 billion.
Affected by the war, the market is sluggish.
At this time, 17 US dollars is equivalent to 340 billion US dollars in later generations.
In 1970, Lin Yao, who had a group of wives and concubines, was already an old man over 100 years old.
He has three wives, countless confidants, and the Stephen family, to which he belongs, has become an existence that controls the world.
In 1972, Lin Yao died of illness in the wind and rain, and died peacefully at St. Mary's Hospital.
times, as if there is still his cry.
Did you see that, Andrew Carnegie?
Did you see that, John D. Rockefeller?
Did you see that, Pierpont Morgan?
Capital is a feast, and this is a declaration of war!!
ps: Everyone doesn't like this article in the United States, so let's finish it quickly, and start a new story tomorrow.