After all, the Atlantic Railway Company was operating well, without much bubbles, and it actually controlled the railway franchise in Maryland, as well as two lines from Baltimore to Philadelphia and Philadelphia to New York, which were so profitable that they could be called minting machines.

Although he feels sad about losing $270,000, Garrett believes it is only temporary.

"There are not many railway company presidents who can sit here and drink coffee as calmly as you today." Corwin picked up a sugar cube and threw it into the steaming coffee. He stirred the coffee and asked.

"I heard before that Mr. Liang and Mr. Vanderbilt withdrew their investment from the railway industry. Is this true? You are working for Mr. Liang. I think you know some of the truth."

"Mr. Corwin has a keen eye, and Mr. Liang is really a prophet who can predict the future."

Now, this matter is no longer a trade secret, Garrett said bluntly.

"Mr. Liang specifically talked to me about this matter when he was still in New York. But I think there are many smart and astute investors in the United States. The railway industry is about to enter a cold winter. Mr. Liang is definitely not the only investor who can predict this."

"But I'm afraid the only ones who have the courage to divest their capital in a short period of time are Mr. Liang and Mr. Vanderbilt." Corwin sighed.

"Fortunately, Mr. Liang and Mr. Vanderbilt entered the railway industry to disrupt the situation. Otherwise, most of the railways that have been built will become scrap iron. This is a waste of resources."

Garrett was an industry insider, and he knew that Corwin was talking about Liang Yao's launch of the Pioneer locomotive, which promoted the unification of the American gauges.

"Mr. Corwin, I would like to ask, I heard that the Michigan state government and the federal government are considering taking over the Michigan Central Railroad Company. Is this true?" Garrett asked.

Garrett has the idea of ​​​​buying the dip, but if the government takes over these railway companies, this matter will be much more troublesome.

"I have resigned and have little involvement in the government's affairs." Corwin let out a long sigh.

"I think Mr. Buchanan is in a dilemma now. Don't save it. The railway industry is too important to the American economy. Millions of people make a living on it. Save it. The federal government's finances are not tight. You are an industry insider.

What do you have to say about this matter?"

In the 1850s, before the railroad bubble burst, the railroad industry contributed as much as 26% to America's gross national product, making it too big to fail.

In the past two days, Corwin has imagined countless times in his mind how he would handle this matter if he were still the Minister of Finance.

Unfortunately, this is an unsolvable problem at all. Not to mention Corwin, even if Alexander Hamilton (the first Secretary of the Treasury of the United States and the founder of the American monetary and financial system) comes back to life, I am afraid there will be nothing that can be done about this matter.

"I don't know. I'm just the president of a railway company. This question is beyond my ability. But I know one thing, that is, objective laws must be respected in everything." Garrett paused and continued.

"Your Excellency, when you were in office, did you ever consider the issue of overheating in the railway industry?"

Garrett does not believe that a top businessman like Corwin, who can serve as finance minister, will be unaware of the overheating problem in the railway industry.

"Even if I thought about it, what could I do?" Corwin took out the crumpled railroad farm mortgage bond from his pocket, and the scene just now appeared in his mind.
Chapter completed!