1850 American Gold Tycoon.

Chapter 210 Liang Yao Award

The news that the Bank of America came forward to assist the government in bailing out the market made many people and government officials, especially the officials from the Ministry of Finance, full of goodwill and praise for Liang Yao.

Until the "New York Post" published an article titled "Who Is the Robber on Wall Street", New Yorkers' attitudes towards Liang Yao became polarized.

Especially those speculators who lost everything in the gold market, they hated Liang Yao to death.

Many of the contents stated in this article are true, but there is no sufficient evidence.

But those bankrupt speculators will not reason with you, and agree that Liang Yao is the culprit that caused them to go bankrupt and return to poverty.

Little do they know that the culprit who makes them bankrupt and return to poverty is not anyone, but their own greed.

Liang Yao did not pay attention to the groundless accusations made by those speculators.

He will not step down and face these speculators in person. Since it is an article published by the "New York Post", let the "New York Evening Post" come forward and face the "New York Post".

Now the New York Evening Post has no less influence in New York than the New York Post.

The price of gold rose wildly and fell rapidly. On the third day after the government came forward to rescue the market, the exchange rate between the US dollar and gold returned to the original point.

The success of the bailout made both Cowen and Fillmore heave a sigh of relief, thankful that the credit of the US dollar and the American economy have been preserved.

In Vanderbilt's manor, the sound of abuse from the outside can be heard from time to time.

"I didn't expect you to be the person I would be so polarizing in New York afterward."

Vanderbilt frowned as he heard the abuse coming from outside the manor.

"I have people drive them away."

The unsatisfactory maiden voyage of the Polaris made Vanderbilt return to New York early. He is a relatively optimistic person. He is glad that this accident did not happen on the journey to Europe and made a fool of himself in front of the continental countries.

"No need, it's just a bunch of gambling dogs who can't afford to lose."

Liang Yao did not take it seriously. After polishing the plan for the expedition to Japan, Liang Yao asked Kony to hand over the plan to Fillmore.

Fillmore and his cabinet are still negotiating with the so-called Great Qing Mission to the United States on the "Qing-U.S. Free Immigration Treaty", and there will be results soon.

"Speculators are a nuisance indeed, and with luck they can make individuals rich, but they do no good to the nation."

Vanderbilt also resented these speculators who put all their hopes of making a fortune on the speculative market.

After polishing the Japanese expedition plan, Liang Yao then polished another article.

Liang Yao plans to set up an award in his own name to reward outstanding inventors around the world.

Of course, just an award is useless. For most people, benefits are far more attractive than fame.

He plans to use 100 million US dollars to set up a foundation, and use the annual income of this foundation as a bonus to reward the winners of the Liang Yao Award.

Award-winning inventors can not only receive medals and bonuses made of pure gold, but also have priority in receiving funding from Liang Yao and the opportunity to set up a laboratory in California to specialize in research and invention.

It’s just that in the middle of the 19th century, various disciplines were not perfect. Liang Yao did not plan to subdivide the Liang Yao Award into multiple awards for the time being, but set up an invention award very generally.

All inventions can participate in the selection of the Liang Yao Award, and there are three winners in each session.

In addition to the corresponding bonuses, the winners of the Liang Yao Award will also receive priority funding from the Americas Group, which will provide the best research environment for these outstanding inventors.

Although the national strength and influence of the United States at this time are far inferior to that of the European continent, the United States also has the advantages of the United States compared to the European continent.

That is, the United States has a more relaxed and active social atmosphere, a relatively complete patent system, and is more friendly to inventors and inventors.

In the United States, there are even people who make a living selling patents.

Liang Yao wanted to bring these people to California to contribute to the construction of California.

California is short of people now, and what is missing is not only labor, but also talents, such as inventors, engineers, and industrial workers.

"I agree with your point of view."

After polishing the article, Liang Yao put down the pen in his hand and asked Vanderbilt: "I heard that you have already bought part of the shares of the New York Central Railway Company and the Lakeshore and Michigan Railroad Company."

"Yeah, it cost me a full $220 million," Vanderbilt muttered.

"Spent 220 million US dollars to become the president and controlling shareholder of these two railway companies, isn't that enough for you?
Count Stonington and New York & Harlem, and you're now president of four railroads. "Liang Yao said.

Vanderbilt is typical of getting cheap and selling well. In the past, it would cost at least seven or eight million dollars to complete the holding of these two railway companies.

"I plan to merge these four railway companies for easy management." Vanderbilt expressed his thoughts.

"Only by merging these four railroads can I stand up to the Erie Railroad and your railroad.

How is your acquisition of the Baltimore & Ohio Railroad going?So far, I have not heard anything about your purchase of Baltimore & Ohio stock. "

"The Baltimore-Ohio Railroad is in serious financial crisis, and buying their bonds is more cost-effective than buying stocks directly." Liang Yao said lightly.

With the current status of the Baltimore-Ohio Railway Company, he only needs to convert a part of the bonds to complete the holding of the railway company.

His plan was also to merge the Delaware-Hudson Railroad with the Baltimore-Ohio Railroad to form the Atlantic Railroad, which would run the eastern railroad.

Of course, his development focus is still in California, and he will not invest too much resources in the eastern railway industry. After all, California is his base camp.

His main purpose of establishing a railway company in the east was to build the Pacific Railway across the North American continent in the future.

If you want to get rich, build roads first, and connect California with the more economically developed eastern regions and the Great Lakes industrial area rich in mineral resources. Only then can California's economy take off further.

The news of the Liang Yao Award was published in the New York Evening Post and the New York Herald the next day.

It is unprecedented in the United States to set up a foundation with one million dollars and use the annual income of the foundation as a bonus for the winners.

Even the government has not given such generous rewards to inventors.

This is a million dollar foundation!

One million US dollars can earn at least three to fifty thousand US dollars a year.

In an era when one or two thousand dollars can achieve financial freedom, this bonus is undoubtedly astronomical.

Once this news was announced, those voices who slandered Liang Yao completely disappeared.

Prior to this, the rich in the United States were notoriously stingy, and no rich man was willing to spend even $1 to reward the inventor.

The inventors were even more eager to move, hoping that Liang Yao would win an award for their invention.

Suddenly, a large number of letters poured into Liang Yao's office and placed on Liang Yao's desk.

Undoubtedly, these are letters sent to Liang Yao by those inventors, hoping that Liang Yao will win prizes for their inventions.

Of course, there are still some ambitious inventors who hope to get Liang Yao's sponsorship and support to solve their worries so that they can devote themselves to inventing and creating.

And Liang Yao had already looked for useful patents at the Patent Office, and he already had a candidate for the first Liang Yao Award winner in his mind.

(End of this chapter)