The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-03-07

ner, or page, in the New York Stock
Exchange to night school. No boy is
employed who will not agree to go to
night school, according to Mr.. Came
ron Beck, head of the Exchange Per-
sonnet Department, and the boy who
gives up school automatically gives up
his job,
1--WE frequently have boys come in
for positions who have just stopped
night school, said Mr.. Beck. Some
times / am able to persuade them TO
go back, but in case we employ them
they are obliged 10 so to night school,"
"A short time ago several of the
boys came to me and said that they
were not getting just what they want
ed from night school. We talked the
matter over and / found that they
wanted to know more about the why's
and whercfores of the stock exchange
and the way financial business was
carried on. I suggested that they go
to see A. wellington Taylor. dean of
the Wall Street branch of the New
York University"
Dean Taylor became much interest
ed in them, but because they We're not
eligible for any of the courses at the
University. the New York Stock Ex-
change Institute was created for their
benefit. Classeg are held at the Uni
versity four days a week after the
closing of the market. instruction isl
given in Business English, Business
Mathematics and Wall Street Tactics.
All the classes are sub university and
do not carry university credits.
Few people realize how important
boys are in the financial world. Mr..
Beck declares that they are just as
essential as money itself. Besides tire
work of carrying securities from one
brokerage house to another, the boys |
act as pages on the floor of the Elk |
change. For instance, a brokerage |
house receives an order to sell one
hundred shares of certain stock. The |!
is telephoned to the Elk
written on a slip of paper and |
given to one Of the. pages to deliver
to the broker on the floor. The page
must know where to find him quickly /
and perhaps carry back a verbal mes
sage 10 be telephoned to his office.
Advancement for an intelligent and
young page is often quite
rapid. Brokers on the floor of the EX-
change quickly spot them and as soont
as there is an opening take them into
their own offices.
After boy outgrows his desire to
be a policeman, fireman or pirate. he
brags about the time when he will be
rich and powerful. All the other boys
he knows make equally great plans
which often result in black eye or
two but that only makes the desire
more fixed In school he is taught
that he may be president some day.
The story OF Abe Lincoln is held up
10 him as a model. Perhaps his read
ing book tells the story Of the mirac
llous rise to financial power of John
D. Rockefeller.
Wall Street acts as a huge magnet
FOR the boy who is seeking great
wealth and financial power. In the
last five years seventeen men have be-
come members of the Stock Exchange
who started their careers as pages.
rhe boy who gets ahead Is the one
vho1 doesn't think he knows every
hing and who is willing to train him
self for his future. The Stock Ex-
,hange makes a point of giving pref
renee for advancement TO the boy who
5 taking the course at New York Uni
'ersity.
Il feel that the successful man of
omorrow is the boy who is now in
chool" said Mr.. Beck. when it is
Necessary for boys to go TO work they
hould not lose sight of the advantage
f education over ignorance. If 1
hought for one instant that their flu
ure was not bound to be much more
uccessful by their taking this special
york at the University ] would give
p my job tomorrow"
The establishment of the New York
stock Exchange Institute connection I
nth New York University opens up
n entirely new field of work for the
According to Dean Tay-
1r the University is especially fitted
D care for such classes in view of
heir being located at 90 Trinity Place, /
hitch is in the heart of the financial
istrict.
'The opportunity for this kind Of
-ork is unlimited down here" said
team Taylor. I'VE are especiallxSanx
nus to help the boy who has not had
lie opportunity OF a college educa-
on. The establishment Of Institutes
leh as this will be a means of draw
lg the business man and the college
oser together so that we can be of
utual help.
1--WE are giving these boys from the
work which has special
caring on that which they are doing.
! order to take down messages so
lat there viii be no mistake as tol
Ieir meaning we have stressed pen
anship along with the Business Eng
sh course. | heard OF a case not long
70 where a boy or rather clerk in
brokers' office made a two like a five
he result was that his firm lost seven =
indred dollars (The clerk was OF
urse fred) The mathema tics course
cludes short cuts in figuring, rapid
lculation and accounting.
two hours a week are devoted to
e study of Wall Street and its func-
pms. This is the subject that inter-
IS the boys most of all. Although
ey work right in the largest money
arket in the world, it is Impossible
them to grasp its true aspect with
L study They soon realize thatIS
ey are a part of a huge organiza-
IN. without which business would be
Iralyzed