Women wanted: The story written in blood red letters on the horizon of the Great World WarDaggett, Mabel Potter
History
Women wanted: The story written in blood red letters on the horizon of the Great World War
Daggett, Mabel Potter
Women -- Employment; World War, 1914-1918 -- Women
Just off from Central Park West in New York City, the Financial
Centre for Women has been established in direct response to the war
demand. Wall Street asked for it. Already 60 young women instructed in
practical banking, investments, accountancy, and managerial duties have
been sent out to fill responsible positions in the National Bank of
Commerce, Morgan’s, the Federal Reserve and over half a dozen other of
the leading banks of New York City. These young women have been given
an intimate working knowledge of such mysteries as stop payments and
certified checks, gold imports, cumulative and preferred shares and
all the intricacies of the market and the terms in which “the street”
talks. In the room with the green cloth covered table, about which sit
these future financiers and captains of industry in training, there
is a blackboard. See the chalk marked diagram. By the routes mapped
out in those white lines, they have brought furs from Russia, wheat
from Canada, sugar from Hawaii. And all the money transactions involved
have been properly put through. Thoroughly familiarised like this with
international operations, there is more to learn for the making of a
financier. I doubt if any but a woman would think to teach it. Miss
Elizabeth Rachel Wylie, who directs the Financial Centre, recalls her
classes from the wide world of affairs through which they circle the
globe, for personal instruction. They have now the groundwork of the
knowledge with which a business man is familiar. And Miss Wylie adds
earnestly, impressively the last lesson: “Don’t darn.”
You see, captains of industry don’t. Even so much as an office boy who
aspires to become a captain of industry doesn’t. And the woman in the
office who spends her evenings mending her stockings and washing her
handkerchiefs, misses, say, the moving pictures where the man in the
office is adding to his stock of general information. This tendency to
revert to type has been the fatal handicap of the past. By the faint
beginnings of an intention to discard it, you differentiate the new
woman in commerce from her predecessor the business woman. By way of
discipline that girl there at the green cloth covered table, whose
bag of war knitting hangs on the back of her chair the while she’s
shipping furs from Russia, will leave it at home to-morrow. Cecile
Bornozi wouldn’t have done a million dollars’ worth of business with
the French Government the past year if she had stopped to knit. And if
her thoughts had been on her stockings, she might have missed important
details in railway rolling stock. In her room at the Hotel Savoy in
London, I never saw a needle or thimble or spool of thread. But on her
table I noticed _System_, the magazine of business.
APPROACHING HIGH FINANCE IN FRANCE
Public-domain text, read in full here on John Shaqi.
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