"Who...I think about it..." Alan Sproul recalled a long list of names:

“Goldman Sachs…”

“Cowan Company…”

“Harriman Company…”

"New York First National Bank..."

“…”

Some of these companies, Evan knew about them, but some were the first to hear them.

"It's probably these..."

After Alan Sproul finished speaking, Evan felt a little relieved when he saw those institutions that were afraid of him, such as those with JPMorgan or Chase in their names, who were not on the list.

At this time, John next to him said first: "Most of them are investment banks, Evan, it seems that your company is really optimistic!"

At this time, due to the restrictions of the "Glass-Stigall Law" issued after the Great Depression, American financial institutions could not carry out business between commercial banks and investment banks at the same time. The difference between the two is simply to put, commercial banks do deposit and loan businesses, while investment banks do securities-related businesses.

The act of "Glass Stigall Act" has a profound impact on Wall Street, the financial center of the United States. Even the overlord of Wall Street, the Morgan consortium known as the "banker among bankers", has had to be forced to be cut open. The former is Morgan Stanley, and the latter is JP Morgan.

Evan did not respond to John's comments in particular. However, Alan Sproul, who was sitting opposite him, saw that his expression was much softer.

"Evan, I have fulfilled your request, it's your time!"

"Thank you! Uncle Sproul..." Evan thought for a while and answered the first question first: "To be honest, I am both alert and happy about Wall Street's attention."

"It is easy to understand that a company, especially an industrial company, wants to grow and grow, has both core products and capital. For entrepreneurs or companies, core products are usually not short of, but lack of capital is common, and Wall Street is precisely the place with the most abundant capital in the world."

"There has been a period of lack of funds since its establishment. Now our products are selling well in the market, and it seems that there is no shortage of capital. However, I know that if we can deal with Wall Street, which is full of money, there will be many benefits for me and the Demon Seven Company in the future."

"That's why I'm happy."

"As for why he responded with caution... the reason is simple. My company is like a newly released bread. When Wall Street saw it, it may add some jam and cream to the bread to make the bread taste better. Of course, the price is that he scored some of the bread; the other possibility is that... the bread belongs to him, and as a chef, I have nothing."

Evan said this and stopped, looking at Alan Sproul, wanting to see how he would react.

Sproul nodded slightly and said, "Evan, you underestimate yourself too much."

Allen's words were very interesting. He did not comment on whether Evan's view was right or wrong, but said that Evan underestimated himself.

What does this mean?

It shows that Evan's concerns are necessary.

Wall Street is full of money, but only greedy people can survive in it.

Evan could understand the meaning of Alan Sproul's words and replied with a smile: "No, I don't underestimate myself, but because I'm just because I'm just starting out, I can't trust them."

"It's great to maintain a certain amount of distrust." Sproul nodded and then said, "However, this distrust can be eliminated through communication. So, if you have the opportunity, you can come to New York more and meet more people..."

John interjected, "I can be a guide."

Sproul glanced at John and said, "You can be a driver at most."

John said "Ah?" to show his dissatisfaction.

Evan chuckled softly.

"Thank you, Uncle Sproul!"

Next, Alan Sproul asked a lot of questions about the development process of Magic Seven Company. The things he focused on were from the company's management structure to personnel arrangements to worker welfare, and even development strategies. Evan knew that Alan Sproul was not asking for secrets, but wanted to give him some advice, so he knew everything.

Although John studied law, he was also very interested in business management, so he got involved.

As for why a law-based person can intern at the Reserve Bank of New York, Evan doesn't care at all.

Almost an hour later, the conversation in the living room continued to the dining table.

Somehow, Sproul turned the topic back to the "bank".

"Evan, Magic Seven Company is well-funded, I have already understood this clearly. However, your other projects are still in the stage of investment... If it really doesn't work, you can turn Wall Street's attention to them."

Alan Sproul suddenly reminded: "By the way, Evan, if you want to have a loan, it's better to be faster..."

Evan had a meal with a steak with a knife, and Sproul's reminder seemed to have a deep meaning.

After a while, Evan did not ask Sproul why he said that, but instead raised another topic: "Have Uncle Sproul, Secretary of State George Marshall's plan been confirmed to be implemented?"

Alan Sproul glanced at Evan in surprise and asked, "How much do you know about Marshall's plan?"

Evan thought for a while and replied, "I just read his speech at university from the newspaper, so the specific content is not sure."

Alan Sproul praised: "Just relying on the information in the newspaper, you can tell that it has something to do with my reminder... It's good!"

John was confused at this time and asked, "Is there any connection between Marshall's plan and asking for a loan from Wall Street?"

Evan glanced at Alan Sproul, saw him nodding, and then explained to John.

The Marshall Plan is an aid program designed to help Europe resume production and maintain social stability, a program that is consistent with the Daws loan after World War I. However, it was supported by private banks during World War I, and most of Marshall's plan will be chaired by the state.

The Marshall Plan expects to require huge funds. Although it is paid by the Treasury Department, the government's money is not out of thin air. It can only be raised from financial institutions, namely Wall Street. However, Wall Street's money is not unlimited, especially after the separation of commercial banks and investment banks, Wall Street's funds are much less efficient than before.

Once the Marshall Plan is officially implemented, it will inevitably lead to a reduction in available funds that are already stretched on Wall Street. Reluctance to loans is an inevitable choice.

It is precisely because of foreseeing this that Alan Sproul reminds Evan.
Chapter completed!