Preparations
- Number Cards = seat no
- Distribute $2400
- Stock Cards, President on top
- Private Companies
- Stock Companies
- Trains
- Tracks
Sequence of Play
* Stock Round
* 1-3 Operation Rounds
Stock Round
Repeated turns until all
players pass consecutively
In a Turn a player may either:
- Buy 1 Stock or
- Sell many Stocks
At end:
Priority Deal to player
to the left of last
buyer/seller
First Stock Round
Players cannot sell anything
Auction of Private Companies
* Lowest Value First
* All must be bought
* Player with lowest no begins
* Each round a player may:
-Buy offered Private Company
- Bid on another (+$5)
- Pass
Failure to sell
Go again with -$5 if SVN&RR
Else Pay Revenue and new
First Stock Round
Private Companies with Bid
Only players who bid may participate
Highest bid is start price
Must increase bid by +$5
Changing President
When another player have more stocks
Player to left of old President if tie
Selling Limit
Cannot sell during First Stock Round
Cannot sell if Bank Pool holds 50% of stocks
Cannot sell President Certificate
Initial Stock Price
Select when buying President Certificate
Place Marker on PAR & Stock Market
Start Capital = 10 * PAR Price
Stock Price
If in Initial Offering: PAR
If in Bank Pool: Stock Market
Stock Market Regulations
Down: Each 10% sold to Bank Pool
Up: No Stocks in Bank Pool or Initial Offering
when Stock Round Ends
Right: Dividend is Paid
Left: Dividend is Not Paid
Place Marker on bottom
Only Down if <60% is sold
Stock Limits
Max 5 Certificates in same Company
Total Max 28 (2), 20 (3),
16 (4) ,13 (5), 11 (6)
Color Codes
Yellow: Can hold more than 5 equal
Orange: Do not count towards Total Max
Brown: Can buy many
during same turn
Game End
- Bank empty (immediately)
Richest Player:
- Player bankrupt (end of turn)
Cash + Stock Value
Operation Rounds Running Trains
13 rounds. In each round: A route:
* Private Companies earn money - can only use a track section once
* Railroads do these actions in order - can only use a circle once
(President decides, 60% must be sold, - must contain a token
highest Stock Market first tie: right/top): - cannot use any sections used by another route
- Lay one Track Each train must use a separate route.
- Place one token Max no of cities on the route = Train no
- Run its train Revenue = Sum of No in circles
- Distribute revenue Best route must be used
- Buy new trains
Distribute Revenue
* No Dividend: All revenue to company
Laying Track
* Dividend: Each owned share gives 10%.
Optional
Company gets 10% for each share in Bank Pool.
Cost: $0, $80 or $120 for 1st tile
Revenue from Private Companies
Cannot lay on Gray
cannot be distributed as dividend.
Brown replaces Green
Adjust Stock Market
Green on/replaces Yellow
Yellow on Light Green
Tile must connect to Token Buy Trains
Cannot lay on Private Company Must buy at least 1 Train
unless owned by Railroad Must buy all trains in order, smallest first
Buy from Bank at Face Value or from other players
4, 5 or 6 train gives a discount of $300 to D train
Train Limit:
Laying Track
4 (start), 3 (4 Train), 2 (5 Train)
Special Cases
Return excess trains to bank
O O, NY & B tiles only on these cities
Need not be an extension of an existing route:
Corp. own C&SL: Free tile placement Stages
Corp. own D&H: Can establish free railhead 2 Train: Yellow Tiles, 4 Trains per railroad
NYC: Can use Yellow #57 3 Train: Can buy Private Companies,
Erie: Can use Green #59
Green Tiles, 2 Operation Rounds
4 Train: 2 Trains obsolete, 3 Trains per railroad
5 Train: Brown Tiles, Private Companies Closed,
Token
2 Trains per railroad, 3 Operation Rounds
- Rival Railroads cannot run through city Higher revenue point on Red Cities
- City becomes base for train routes 6 Train: 3 Trains obsolete
- First Operation: Place Token in Base City D Trains: 4 Trains obsolete
- Cities with place for 2 tokens are open until both
are occupied by tokens from two different companies
Private Companies
- Erie can lay token in one of the cities
Can be sold between players at any price.
before green tiles becomes available
Can be sold to Companies from
- Can only place tokes in cities
50% to 200% of Face Value
connected to own tokens
Forced Purchase
Winner
President must pay for train if company cannot
Player Bankrupt if unable to pay