New York Times Current History; The European War, Vol 2, No. 5, August, 1915Various
History
New York Times Current History; The European War, Vol 2, No. 5, August, 1915
Various
World War, 1914-1918
Men in all walks of life, from porters, barbers, clerks in offices, to
doctors, lawyers, real estate agents, merchants, Wall Street brokers
and bankers, seemed suddenly imbued with the idea of securing or
bringing about the placing of a war order. Self-appointed agents,
middlemen and brokers sprang up over night like mushrooms, each and
every one claiming he had an order or could get an order for war
supplies; or, as the case might be, he personally knew some
manufacturer, or he knew a friend who had a friend who knew a
manufacturer, who in turn wished to secure a contract. An official in
one of our large steel companies told me some weeks ago that among
others who had called at his company's offices, asking prices on
shrapnel, was an undertaker.
In most instances the lack of salesmanship experience, to say nothing
of any knowledge of the business and how the particular articles are
manufactured, was of no consequence to the self-appointed agent in his
mad desire for business.
The lobbies of our New York hotels were filled with horsemen and
would-be horsemen, some months ago, almost every State being
represented as far west as California; also with manufacturers and
manufacturers' agents, all eager to secure a "war contract," be it for
horses, shrapnel, rifles, picric acid, guncotton, toluol, cartridges,
boots, shoes, sweaters, blankets, machinery and materials, &c. The
very atmosphere of Manhattan Island seems impregnated with "war
contractitis." We breathe it, we think it, we see it, we talk it, on
our way downtown, at our offices and places of business, at our clubs,
on our way home at night, in our homes, and I have been told that some
have even slept it, the disease taking the shape of a nightmare.
The day of the broker, if indeed he ever had one in this business, is
passed. The original commissioners have been withdrawn, or those who
have been kept here are now acting as inspectors and have been
replaced by purchasing agents. The firm of J.P. Morgan & Co. has been
acting as purchasing agent for the English Government for some months
past, is now acting in like capacity for the French Government, and
has also done considerable buying for the Russian Government.
In order properly to handle this vast volume of business, a separate
department was created, known as the Export Department. Connected with
this department are experts in all lines--men who are thoroughly
familiar with the various Governments' requirements, who know what
prices should be paid, who are in close touch with each market, and
who understand fully the materials they are buying.
There are a few more concerns, among which are one or two banks, trust
companies, and Wall Street houses, which also have formed separate
organizations for the purpose of purchasing war supplies for the
Allies. As all these concerns are in close touch with the
manufacturers and will only deal directly with them, the brokers and
middlemen have very little, if any, chance of doing business.
Public-domain text, read in full here on John Shaqi.
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