In order to save the railroad company, Cook could only issue him a short-term loan.
Although the interest on the short-term loan was very high, at least it could ensure the continued construction of the Northern Pacific Railway Company's railroad. As long as the railroad was completed, the company could at least recover some funds and continuously obtain income from its operation.
But things often aren't as wonderful as expected. After the Vienna economic crisis broke out, European capital swiftly withdrew its investment in the United States.
Cook's bank was also seriously affected, with funding pressure multiplied.
Coincidentally, the Northern Pacific Railway Company also encountered trouble at this time. The company not only couldn't repay the principal and interest of the short-term loan on time but even needed Cook to invest more funds to continue operating.
Clearly, at this point, Cook was already out of money.
