Business & Finance: Skirts

The late John Pierpont Morgan, conservative, resisted that invasion which came on the heels of the invention of the typewriter and the telephone—the invasion of the businesswoman. But now some 200,000 stenographinae are to be found at work in lower Manhattan. Women had quick fingers, quicker wits. They survived the expensively unfit male bookkeeper, secretary, clerk. Economy forced a new attitude. Ladies turn up at nine a-mornings today at Morgan's itself.

Latterly great bond houses have trained up a generation of college bond saleswomen, who...