CHAPTER XIV
I believe that the CCNY School of
Business was either the only one or one of many few colleges in the country
that required a thesis to be written to qualify for a baccalaureate degree.
Several years after I graduated, this requirement was discontinued. In the
student's senior year, one was given a choice of writing on an accounting or
economic subject. Being always an activist in my religion and ethnicity, I
decided on merging economics with the Jewish minority in the
After submitting the title
"Economic Discrimination of Jews in
Now the year-long period of research began and I enjoyed every minute of it. Prager not being an especially Jewish surname and my facial characteristics passing for those of a gentile afforded me entrance to many financial district employment agencies, all being manned by WASPS.
It really is
quite incomprehensible for a person in the year 2003 to realize the extent of
bigotry and discrimination that existed in 1938. Jews and Catholics ‑
especially those of Italian extraction ‑ had to combat the quota system
on applying to the Ivy League schools. Many of my friends who opted for the
field of medicine were forced to travel abroad, i.e.
When I interviewed the employment agencies, I disguised my reason for being there by telling them that I was writing a thesis on the significant role these agencies were playing in the personnel field. They were delighted to hear my ruse and proceeded to "spill the beans". They all gave me samples of the applications they submitted to those desiring employment.
Each and every
one contained a line reading "religion". When I would question the
agent as to the need for this line, he answered that he personally was not a
bigot, but he had to abide by the wishes of his clients. I never told them that
I was attending CCNY, but that I was a
The N.Y. Times want ads all asked for resumes of the respondent, including religion. In addition, rental ads in the newspapers always had the words "near a church"; thus, assuring that the apartment or house would not be rented nor sold to a Jew. Fortunately, years later, laws were enacted prohibiting these practices. However, it would be foolish to state that discrimination was completely eradicated as I will later on write about my personal experiences in this respect.
My thesis was a little over 100
pages and, unfortunately, I waited too long to have it typed by Hilda. I had to
submit the paper on Monday at
The commencement exercises were
held in the evening at the Uptown campus on
Finally, after 15 years of schooling, I was ready to commence a career and start working at a steady job. Answering a great number of newspaper want ads for a junior accountant and stating that I was a Sabbath observer produced no responses. I even wrote to accounting firms whose names included "Prager" hoping that perhaps they would feel an affinity to their namesake; again no replies. It seems that every accounting firm in the city labored at least 5 1/2days.
This dilemma lasted for a period of four months and I began to doubt my ever gaining employment in my chosen profession. With a very heavy heart I informed my parents that I was ready to "throw in the towel" and succumb to the inevitable. Since I was their only child who was still Orthodox, they were not too happy to hear of my decision. They too realized that their son would perhaps never obtain employment unless he violated the fourth commandment. To make matters worse, I could not sit for the CPA exam unless I worked for a CPA firm for one year.
At the end of May 1939, my first
response to a want ad resulted in my being interviewed by Clarence Rainess & Co. a CPA firm located in the garment district
at
When I told my mother the starting salary was $ 15 per week, she remarked that they must be crazy as junior accountants received usually $ 5.00 weekly. Medical interns were not receiving any compensation; lawyers beginning their careers were fortunate in being paid at all. Since the hospitals and the professional firms realized that one could not sit for licensure examinations before having at least one year of experience, they took advantage of the situation. In my case, a CPA candidate was required to work for a CPA firm for one year before being allowed to take the exam and needed two additional years of accounting experience, one of which had to be with a CPA firm; thus, professionals were at the mercy of their employers.
Our firm consisted of approximately 15 persons; 2 partners, 4 senior accountants, 5 semi‑seniors and the rest juniors. Most of our clients were in the garment trade; manufacturers of dresses, ladies coats and blouses. For the first few months, I assisted a senior or a semi‑senior perform audits of our clients. After this period of indoctrination, a junior's work was evaluated and a decision was made whether to retain the person or to discharge him,
Our firm was noted for its large turnover of juniors and, of course, I was delighted to discover that I made the grade. In fact, I was called into the office of Mr. Schwartz and he informed me that he was very satisfied with my work and that he had plans for me in the firm; giving me a $ 2.00 raise. I was now a semi‑senior and performed some audits alone and accompanied a senior on the more complex audits.
After 64 years, I still remember
the names of some of these clients. Lynn Gray Frocks, who's CEO, was David
Schwartz and who later became the most successful dress mfr. in the country
heading Jonathan Logan. Washine‑National‑Sands,
a producer of chemicals sold to large laundry establishments; this company was
located in L.I.City. J.T. Darling & Co. a
purveyor of fresh fish to restaurants and cruise ships located on
Another one of my clients was Raymodes Negligees located on
Being a fast auditor, I was sent
to clients who were either out‑of‑town or were located at places
that required traveling. One of these clients was located in
In the summer of 1939, Hilda and
I decided to spend our evenings after work and our Sundays at the Washington
Baths in
On Sundays, we'd be joined
occasionally by my sister Irene, Hilda's long‑time friend Rose Schneider
and her beau Sandy Wasserman and his brother Jack‑ both of whom you met
previously ‑ and my friend Itchka.
Incidentally, we introduced Rose to