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Chapter 132: Reception
The bank’s money was a broad concept. Until the bank settled the money of an individual or organization in cash, all money in the bank could be considered the bank's money.
This was one of the reasons why banks were not too afraid of financial fraud. Sometimes banks even actively participated and played a role that may not look good.
The reason was simple. For example, when Lynch wanted to borrow so much money, he could not carry all this money with him at all times, nor could he put so much money in an unsafe place.
The only thing he could do was to keep the money borrowed from the bank in the bank. Thinking carefully, this seemed ridiculous, but to some extent, it was also part of the bank's risk control.
Sometimes, before lending, the bank may sign a supplementary agreement, and the specific amount of the loan would be deposited into a designated special account, supervised by the bank.
If the bank believed that the risk was too high, they would freeze this money at any time until they believed the risk had decreased.
When a company borrowed ten million from the bank. In principle, the ten million belonged to the company. However, it still existed in the bank. So what would happen if the company suddenly went bankrupt?
The bank would have a bad debt of ten million, but it would also hold an extra deposit and a portion of the interest...
There were many ways to avoid some risks in this situation. And in fact, the real responsible person for the bank's bad debts caused by corporate bankruptcy would not be as panicked as the outsiders imagined.
Lynch's response left Joegleman feeling amused. Despite Joegleman thinking Lynch was already playing with significant stakes, Lynch considered the amount trivial, which completely eased Joegleman's guard.
Since what was a considerable sum in his eyes might just be a mere bean in Lynch's eyes, what was there for him to worry about?
Shortly after, Joegleman decided to loan Dyson Asset Management. The moment Joegleman put his signature on the document, a whopping one million six hundred thousand bucks was wired into Dyson Asset Management Company's account.
Looking at this steady young man, Joegleman finally felt something called "aging" breeding within himself. He was getting old.
"Do you have time tonight?" he asked casually. Lynch thought for a moment and nodded.
He didn't have any other arrangements for the evening. In fact, at this stage, much of his work was in the planning phase, and most importantly, he didn't have money on hand. He had been drawing up plans all along, and now that they were nearly complete, he naturally needed to find money to fill these plans.
Before the plans were implemented, he had plenty of time and leisure.
Joegleman clapped his hands and made a decision for Lynch, "Come to my house tonight. You should taste my wife's cooking. We can also discuss the upcoming work. I believe we will have some common topics."
He added, "And you can also meet my family."
His appreciation for Lynch stemmed from two aspects. Firstly, Lynch possessed skills and thinking that were not typical of someone his age, which meant he wouldn't be an ordinary person.
Secondly, Lynch had a broad vision and clear overall perspective, which was also crucial.
Some people had strong execution abilities but lacked a big-picture view. Even if they started faster and better than others, they would find it difficult to go further.
Joegleman believed in Lynch. Sometimes he doubted whether beneath this young man's youthful exterior lay a soul almost as old as his own.
What Lynch did was not something a twenty-year-old could easily accomplish. It was hard for him to believe.
Lynch did not refuse Joegleman's goodwill. Before leaving Sabin City to develop elsewhere, he needed to develop a good personal relationship with the person in charge of lending at one of the six major banks. This would be a strong help to his future plan.
If a company wanted to grow rapidly, this capitalist society had already told people that the most straightforward and effective method was through mergers.
And this required money, a lot of money.
After leaving the bank, Lynch called Cook and other truck drivers. After their last meeting, he had asked Cook to find other truck drivers. With just a dozen or so drivers, they couldn't cover all the cities and towns in the state. He needed more.
Moreover, these people would also become part of the sixty job positions, which was simply perfect.
After meeting with Cook, he handed over the keys to him, asking him to drive the trucks to the club's empty lot for temporary storage, and to also check and maintain the vehicles.
In the evening, Lynch had dinner with Joegleman and his family. In fact, in addition to wanting to strengthen his relationship with Lynch, he also wanted to introduce his child to Lynch.
He had a son, and like all parents, Joegleman was also concerned about his child's future. If he could invest in Lynch now, it would at least ensure his child's well-being in the future.
Over the next few days, Lynch continuously registered branch offices of Interstellar Trading Company in all cities within the state. He also discussed second-hand goods trading with local municipal halls through phone calls and other means.
With the support of Sabin City's municipal hall and the platform of the Progressive Party, Lynch was very confident. Besides, this was the Progressive Party's territory originally. His plan did not encounter too much resistance. Companies and land in various places were quickly approved, which filled him with enthusiasm.
For years, he hadn't experienced this sensation, prompting him to sigh with emotions, “Alas, the joys of youth.”
On Friday night, Lynch arrived promptly outside the third-floor hall of the Sabin City Holiday Hotel according to the information Ferrall had given him. Not long after, Ferrall, dressed to impress, emerged from the hall and walked over to him.
"We have many important guests tonight. The governor's aide is here too. Although he is also a member of the Progressive Party, his thinking tends to be relatively conservative. Pay attention to your manner of expression later," Ferrall advised.
He lit a cigarette. "I'll finish this cigarette before we go in. I feel like I’m losing my mind." he said with a wry smile, shaking his head. Around them, seven or eight people stood alone in corners or in small groups, smoking and conversing.
Everyone was very conscious, trying their best not to smoke in the hall. It could be said that they possessed high levels of decorum, but more likely, they didn't want to lose points in front of the bigwigs.
Tonight's reception was organized by members of the Progressive Party in the form of a buffet. Such gatherings were held periodically to exchange experiences and insights, which was what most people imagined as "upper-class social events."
Due to his recent active performance and clear stance, Lynch naturally received a formal invitation from the mayor. Moreover, with one of the governor's aides also in Sabin City, the mayor had Ferrall inform Lynch to attend the reception.
After waiting for two to three minutes and Ferrall explaining some things, Lynch was led into the hall. The reception had just begun, and some people had yet to arrive, making the entire third-floor hall feel somewhat empty.
Most people gravitated towards the mayor and the governor's aides. These gentlemen, clad in tuxedos, engaged in elegant conversations while holding wine glasses, presenting themselves as refined individuals with reserved smiles. None of them exhibited any signs of greed.
As soon as Lynch entered, someone took the initiative to greet him. This was also one of the "social standards" of high society.
If a person possessed extremely high value, as long as they appeared in people's sight, they would become the focus, and people would revolve around them.
But not everyone in this world was like that. Some people were brighter, so naturally, some were dimmer.
These dimmer individuals would actively revolve around the brighter ones, hoping that some of their brilliance would shine on them, making them appear less dim.
Opportunities were never handed out; one had to actively strive for them to seize them. This was the truth here!
"You must be Mr. Lynch, right?" a middle-aged man who looked about thirty-seven or thirty-eight years old, with an oily complexion, walked up to him. He even took a glass of wine from a passing waiter's tray and handed it to Lynch. "Nice to meet you. I'm Lunetto. You might not have heard of me..."
Lynch hadn't heard of this name indeed. Basically, businessmen who could establish themselves in the Progressive Party's territory were supporters of the Progressive Party, and Lunetto was no exception. He made political donations on time every year.
But he wasn't very famous. Compared to others, he seemed insignificant. He was just a small businessman, and his presence here was merely because he was a staunch supporter of the Progressive Party.
Small businessmen like him actively socialized with everyone, making him appear somewhat humble. But once he left this place and returned to his own factory, he was the tyrant king ruling everything in a terrifying manner.
Lunetto ran a clothing factory and a blanket factory, but business had been slow lately, leaving him feeling overwhelmed. His factories had basically shut down completely.
Small businessmen like him didn't have strong resilience in the face of the current situation, which was why he appeared humble.
He boasted about the exquisite products his factory produced and their low prices while trying to find opportunities from Lynch.
"I know about the second-hand goods auction you're holding. I must say, it's a great idea. Do you think there's a possibility of cooperation between us?" His gaze was fixed on Lynch, with a hint of hope, desire, and a readiness for disappointment.
He thought he was going to receive a disappointing answer. The reception had barely begun, and he had already heard five similar responses. Lynch's might be the sixth.
But what he didn't expect was that Lynch gave him a different answer.
"Why not?" Lynch replied, asking back.
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At this point, I wonder how much leverage Lynch got compared to his asset and revenue. He keeps taking on loan
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