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Chapter 563 Issuing Stocks

Although Liu Mingyu obtained more than 6 million taels of silver from Luzon, which was almost the fiscal revenue of the Ming Dynasty in the year, and he obtained more than 1.8 million taels of silver since childhood, this was a huge fortune.

But once you calculate, it is possible to build less than 4,000 railways, of course, 4,000 kilometers are actually not a minority, but the problem is that this is just a cost of Liaoning with a preliminary industrial foundation.

What about the poor and white Central Plains? Railways are nearly ten times more expensive than cement expressways. What's more, this is just the construction cost of plain terrain. The railways not only run on plain terrain, but also need to pass through mountains and rivers. Building railways also requires demolition of people, building bridges and digging culverts, which is even more important.

When you encounter a mountain, the cost of digging a culvert is estimated to cost tens of thousands of taels of silver, or even tens of thousands of taels of silver, and countless bridges.

If you want to eat alone, this is not possible. You must invite others to do it together, but Liu Mingyu must have the dominance.

In order to discuss the strategic plan, Liu Mingyu had to postpone the special meeting again and again.

On April 24, the ninth year of Chongzhen, all representatives from all over the country arrived in Liaodong. Of course, Taiwan and Luzon, which were farther away, had no choice but to build the railway to Taiwan, and Liu Mingyu didn't know what year it was.

As the former Liaonan Parliament Center, you can sit in a venue of one or two thousand people, densely packed and full.

With such a large venue, if there is no amplification equipment, Liu Mingyu would not be able to hold a meeting with everyone directly, so he could only convey it one by one.

As everyone took their seats, the entire conference center was like ten thousand flies flying, and the situation was so lively.

"Duke of Yingguo is here!"

One or two thousand representatives from all walks of life stood up neatly and bowed: "Greetings to the Duke of the Lord!"

"No gifts, just sit there!"

After all, I am not a soldier, and even I spent half a stick of incense sticks even when I sit down.

Liu Mingyu held the microphone and said straight to the point: "First of all, I will explain to you why the locomotive cannot be sold to you."

This is the most concerned issue for everyone. After all, they all want to have their own railways and their own trains.

"Everyone knows that this steam train cannot run on the road, it can only run on tracks. However, the track built for this kind of track is probably not very familiar with this cost. After our professionals' calculations, it takes at least 6,000 taels of silver to build a thousand-step railway. Please calculate it yourself. How much does it cost to build a railway?"

When everyone heard Liu Mingyu's words, they began to whisper and talk.

Even a rich man with a net worth of tens of millions of dollars does not mean he can take out tens of millions of dollars. This is inevitable. The prices of Ming Dynasty, especially fixed assets, are quite valuable. For example, paddy fields in the south of the Yangtze River require more than ten taels of silver per mu. Even dry fields in the north require seven or eight taels of silver the next day.

One million acres is ten thousand yuan, and one hundred thousand yuan of fertile land is ten thousand yuan. What's more, those shops and houses are not cheap either.

"So no one can bear the cost of building a railway. This requires the Imperial Palace to come forward and the government will plan and build it in a unified manner!"

Liu Mingyu continued: "Of course, after building the railway, it is not to say that anyone can run whatever they want. This is different from a highway. If you see the car in front of you, you can slow down and give way. However, as heavy as the steam train, it is too late to brake. If it hits you at that time, the car will be destroyed and people will be killed and the losses will be heavy. In order to improve transportation efficiency, you can only arrange it in a unified manner and arrange it reasonably, so this train cannot be sold to individuals!"

At this time, everyone realized it.

Liu Mingyu continued: "Of course, things are not absolute. For example, someone found an iron ore in the deep mountains and forests. There was no coal mine near the mine, and the conditions for on-site refining were insufficient. The current method is to temporarily stop mining, but after the train is available, it can be transported and exported. If a certain business is willing to invest in a special mineral patent, it can be allowed, provided that such trains cannot run at will, and even if they belong to a certain business, they must be dispatched by the general railway department. At the same time, once the war is in progress, the whole family has the right to call the trains and railways of each business!"

Liu Mingyu patiently explained the reasons why the train cannot be sold, and at the same time, the management content of railway operations, etc.

Liu Mingyu took half an hour to accept everyone's questions and finally explained all these questions clearly.

The merchants raised the question they were most concerned about, so how to use railways? If merchants fight, they can completely block the other party's neck through railway transportation.

"Rail transportation, the future transportation rules shall be based on time. For example, if the train departs at noon, it will not be returned if the train tickets purchased, once the vehicle is issued!"

Speaking of this, Liu Mingyu finally put forward the highlight of today.

"I decided to establish Daming Railway Co., Ltd., and everyone can participate in the operation of this railway company!"

Liu Mingyu looked at everyone and said, "The total share capital of this railway company issuing 10 million shares, 30 taels of silver per share. Our technology investment in Liaonan Steam Locomotive Factory and Railway Construction Company accounts for 40% of the shares, right?"

"not much!"

"I will buy another one million shares with 30 million taels of silver from Liaoning Bank. The government holds 50% of the shares and will give the remaining nine million shares, which can be subscribed by everyone!"

In fact, the enthusiasm that Liu Mingyu imagined did not appear, and everyone's reaction was quite dull.

The key is pricing, which makes everyone not very satisfied.

This is a matter of no choice. Liu Mingyu doesn't care about it anymore and is willing to play with him. He has already formulated the rules. If he doesn't want to play, please give me some advice.

Huizhou businessman Cheng Jingxian was the first to respond to Liu Mingyu's call. He took out 300,000 taels of silver and bought 10,000 shares. Other merchants either had several thousand taels of silver or tens of thousands of taels of silver. This time, the first shares were sold, and less than two million shares were sold, which means that Liu Mingyu alone accounted for more than half.

After the meeting ended, trains, stocks, and steam engines became topics of conversation for people before and after dinner.

Liu Mingyu was very calm: "The opportunity is right in front of you. Whether you can seize it is everyone's problem!"

Liu Mingyu also had detailed considerations about building railways. Later railways were generally divided into three types: standard tracks, wide tracks and narrow tracks.

my country and 60% of the world's railways adopt standard tracks, and the narrow gauge was first put into use by Norwegians. The Norwegian authorities took narrow gauges to save costs due to the rugged local mountain roads and the small cargo volume.

The narrower the gauge, the cost, the land, the smaller or fewer ancillary facilities, or even 600mm mine railways can complete turnes with a radius of dozens of meters. However, at the same time, the center of gravity of narrow-gauge vehicles is naturally not too high, and the transportation volume is not as good as standard rails or even wide rails.

Later generations also adopted narrow gauges. It was not because of the small transportation volume, but because of the small land area. In order to save land, Xiaolizi played the ultimate in narrow gauge technology. Now, only vehicles made by Xiaolizi seem to be able to run 120 yards on narrow gauges.

The wide rail is just the opposite of the above. The wide rail of Russia is only wider than the width of a cigarette, not to increase the transportation volume, but to prevent the enemy from directly taking the train.

However, only a few countries use wide rails, and they have not been able to play with them on wide rails. The wide rails even have a low rigidity requirement for heavy-duty vehicles.

After thinking about it, Liu Mingyu still took a broad-minded approach.

First of all, there are no land restrictions in Liaodong. The current price of land in Liaodong is not high. The highest price is in urban areas. The prices of cultivated land and industrial land are not high. As for cost considerations, the increase is not too large, because the labor costs in Liaodong are lower.

What’s more important is that the wider the track, the wider the carriage can be. In the later years, Liu Mingyu’s hometown county town, there was no high-speed rail yet. Every time he took the green train back and walked in the aisle, it was really crowded.

With a wide rail train design, the width of the train's car can be increased accordingly. For example, the width of ordinary passenger buses in later generations is less than 2.9 meters inside, especially the sleeper car, which is tall and cannot stretch out its legs, making it difficult to walk a little fat.

However, Liu Mingyu did not directly copy countries such as India, Pakistan, Kistan, Argentina, Zhi, and Leicester, mainly adopt a 1676mm wide gauge, but adopts a standard width of 168 cm, the standard length of the bus car is 25.5 meters, and the width of the vehicle is 3.5 meters.

Each carriage is equipped with passengers, 144 people, two toilets, two open toilets, one hot water circulation boiler heating room, one flight attendant-style, and two closed aisles.

The seats are sit-in four or six opposite sides, with a fixed small table plate in the middle.

Liu Mingyu was very satisfied with his painting skills. Just when he was complacent, Liu Yong reported: "Mr. Chen Mingze asked for a meeting!"

"Let him come in!"

Not long after, Chen Mingze, Zhu Xun, Qu Jing, and many other big figures from Liaodong came to Liu Mingyu's living room.

Chen Mingze looked at Liu Mingyu and said, "Mr. Master, how are you raising money on the railway?"

As expected, they all understand that the so-called stocks are essentially for raising money.

"Now more than two million shares have been sold and raised 60 million taels of silver!"

Liu Mingyu was talking lies with his eyes open. Now there is no sign of his horoscope. Liu Mingyu's own 30 million taels of silver have not arrived. In fact, his bank account is not that money. If he transfers 30 million tons of silver to the railway company account, the bank will wait to go bankrupt!

Of course, although the shares that others promised to subscribe to as many as one million shares, in fact, only more than 500,000 taels of silver were actually received, less than one percent of what Liu Mingyu said.

"You guys are all your own people. Don't take advantage of outsiders like this!"

Liu Mingyu did not deceive Chen Mingze and others. Compared with those merchants, the Speaker Chen Mingze and the Deputy Speaker are all paid at the level of the Speaker, and the salary is not low.

For example, the speaker Chen Mingze originally had a salary of 8,000 taels a year, and all food, accommodation, and servants were exempted, which means that you could get 8,000 taels of silver openly.

According to Chen Mingze's level, he should be the governor of a province. Not to mention making 8,000 taels or 80,000 taels, it only means that he will not make money. Of course, after taking over Guangning Mansion in later generations, Chen Mingze's salary also increased, and now he is 12,000 taels of silver a year.

In addition, Chen Mingze's wife opened a boot factory, and the business was good. Although she was not a big tycoon, it would be no problem to raise 100,000 taels of silver.

"Don't worry, even if we sell the money, we will definitely buy enough!"

Zhu Xun took out two letters from his arms, which were all recorded in the bank's deposit notes, which said 100,000 taels of silver, and one was 20,000 taels.

Of course, Liu Mingyu didn't need to collect money. Liu Mingyu's secretary Yang Wan'er took the bank note, recorded Zhu Xun's name, and opened the stock purchase certificate, stamped it with Liu Mingyu's private seal and the newly engraved seal of the board of directors of the Ming Railway Corporation.

Then, Chen Mingze also bought 150,000 taels of silver shares, and others successively bought 890,000 taels of silver.

This money is actually the salary and dividends offered by Liu Mingyu.

Liu Mingyu looked at the accountant and said, "The price of this stock will rise to thirty-one taels of silver per share!"
Chapter completed!
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