Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-12-07

1t doesn't concern them. and they don
NEEDLE with it. except to spend it. The,
are invited to the banquet of life"
| Not every woman can be a Hett,
Green, with a little leather satchel stored
with stocks and securities, to be sure
out almost every woman is a mastery
manipulation OF moneybags. Millions o.
women, In other words, are the shrewt
sponsors nowadays of millions of dollars
Two notable instances stand in direc
re1utatlon to this much-discussed fallacy
department of the worlds fair, which
concluded it's work with $4,000 in the
| treasury, while De men managers came
out at the little end of the financial horn
The same creditable work of women was
| repeated by the daughters of the South
at the Atlanta Exposition with a snug
balance of $4,000. though the men were
| compelled to bear the burden of con-
siderable deficiency in funds.
mat the fair sex is capable care
taker OF coin is everywhere evidenced
not only In the feminine financier of the
FAMILY excheQuer. but in the collection
and careful application of immense sums
Tor philanthropic purposes. as well as in
more pretentious undertakings in the
| commercial world. In the first instance,
! women may not always have followed
faithfully the admirable edict of Rus
kin-"Starve and go to heaven, but don't
borrow but all along fthe line has she
shown wholesome disinclination TO run
| ming in debt. In short. the average
woman financier recognizes no mean be-
tween absolute safety and reckless ex-
pendtture. An ardent advocate of the
RAINY day lump" she always gets
there with her. dimes as we'll as her
dollars
There are fully two dozen women in
this country each of whom has more
money than any one of the crowned
heads of Europe except Il woman-Oueen
Victoria. the richest of sovereigns. And
what Is more. there are at least a half
dozen American women who possess as
much money as the wealthy ruler of
England.
High and mighty Hetty Green is by no
means feminine freak in the financial
world. Her twenty millions have a for
midable rival In the money of the New
York spinster. Miss Mary Garrett. which
amounts to forty millions. Mrs. Mark
Hopkins also possesses five millions more
than the Industrious Mrs. Green, and
equal to her in wealth are Miss Jennie
Flood, daughter of the multi-milionaire
VI ooH TIdflClSCO, MISS JuIla Rnlnelander
of Gotham and Mrs. Marshall o. Roberts
Of the same city. Mrs. d. p. Morgan of
Washington, has a bank account of ten
millions. while Mrs. Charles B. Alexan-
der of New York has six millions. And
there are many other minor millionaire
esses.
The richest woman in the world is the
Sonora de COusino of Chile. whose an
nual income Is no less than eight millions
Vuyidn 10.
doubtless due to her financiering, as she
has doubled the original amount of her
inheritance. 1t is not unlikely the sonora
who is gifted with good looks as well as
good gold. could marry again if she
chooses. though thus far she has re-
manned welded to her almost untold
wealth.
The story of her money sounds like a
myth. Among her belongings are three
palaces tit for as many princesses. silver
mines. a fleet of ships. vineyards, stock
farms. potteries which supply with earth
enware all South America, all the copper
mines of Chile and Peru. houses and
lands. and a little of everything else I'M
der the sun.
The feminine financier has finally made
a break into the banking business. Down
in Peoria. Ill., is bank run entirely by
the fair sex. The president. Mrs. Lydia
Bradley has petticoated assistants all
about the place. even to the directors.
There is also Il bank at Mount Crescent.
Texas, presided over by woman. Mrs.
Annie Moores. One of the oldest pri
vate banking houses in Paris has had for
twenty years Il woman at its head. In
this connection it is interesting to know
that the par value of the shares in ma
tiona banks owned by women in 1893
amounted to $3.50 6S1. 4S5 in this country.
Neither are women behind the times. |
financially speaking. when it comes to
the management of mOneyed corpora |
tons. In Kansas City, for interesting in
stance women boast of the only real es-
tate investment company which -four |
ished in the days of the great boom and |
survived to steady sail on the sea of
success. In Denver there is recently |
organized mining company made up |
wholly of fair investors. In loan associa- |
tions women play no small part. possess
ing shares in this country amounting to
$l92, 0O0. 900. In the building of clubhouses |
by the formation of stock companies
women have also come to the front as
financierS.
The wisdom of training women in the
intricacies of commercial life has recent
ly impressed the steady going people of
Philadelphia. About one year ago. in
connection with the high school, three
years" course along mercantile lines was
auspiciously inaugurated for ambitious |
misses who might wish to fit themselves
for possible emergencies in future imam |
once jumped at the chance for an educa-
ton in the fine art of money-making. |
This annex wouldn't be half bad as |
finishing school for the American heiress |
who explores every corner of Europe In
pursuit of an education.
Probably the best example of the fair
financier is found in the French woman |
This is doubtless due to the system by |
which every girl brings dowry to her
husband. and is therefore naturally in
terested in It's investment. This was the
code of Napoleon. forerunner Of the
moneyed emancipation Of the French |
woman. recognizing as it did her free
financial status as a partner in marriage.
A typical French establishment which |
for twelve years was in the hands of a
woman is the Bon Marche of Paris. The
entire system of this immense mart. at |
the glove counter of which a woman may !
meet all her fair friends II she only loi-
tcrs long enough. stands unique. girl
employee of six months standing is is
sued a small share of stock at par value.
to cover which one-fifth Of her wages are
withheld until the end of the year. This
amount is used each year thereafter as