This cabinet card features a beautifully dressed woman posing for her photograph at an unidentified photographers studio. The woman is wearing earrings and a ring and is holding a purse. This cabinet card image poses an interesting question for the vast unpaid research department of the Cabinet Card Gallery. Why does the woman’s purse have a stash of money sticking out of one of its compartments? Hopefully, visitors to this site will leave their opinions about this mystery, in the comment section.
A FASHIONABLE WOMAN AND HER CASH
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THE CABINET CARD GALLERY 
Money or a printed handkerchief/scarf?
That does look more like cloth than paper. I vote for handkerchiefs, too.
Close up, it looks like a handkerchief, not cash