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THE MUSIC TRADE REVIEW,
GEORGE BOTHNER, Piano ActioiiP, New York.
THE HAINES & WHITNEY CO.
MATHUSHEK & SON, eianos, New York.
STEIN WAY & SONS, Pianos, New York.
WOODWARD & BROWN, Pianos, Boston.
DECKEK & SON, Pianos, New York.
L. F. HEPBUBN & Co., Sounding Boards, Wrest
Planks, Etc., New York.
MR. N. J. HAINES, JR., THROWS
SOME LIGHT UPON THE
SUBJECT.
ERNEST GABLER & BROTHER, Pianos, New York.
STRAUCH BROS., Piano Actions, New York.
HE GIVES FIGURES
THIS MAMMOTH EDITION COMPRISED A PAPER OF 68
(SIXTY-EIGHT) PAGES, INCLUDING THE COVER.
WHICH
PROVE
THE
CONCERN TO BE ANYTHING BUT
OF
THESE 55 (FIFTY-FIVE) PAGES WERE DEVOTED ENTIRE-
BANKRUPT A T THE TIME
LY TO ADVERTISEMENTS, WHICH CAME IN SO THICKLY
OF THE COLLAPSE.
PAPER,
AND THE READING MATTER WAS FORCED
DOWN TO ONLY 1 3 (THIRTEEN) PAGES.
T H E ADVER-
TISING PAGES WERE FILLED WITH THE ANNOUNCE-
MENTS OF 162 (ONE HUNDRED AND SIXTY-TWO) ADVER-
TISERS, A VASTLY LARGER NUMBER THAN HAVE EVER
BEEN COLLECTED TOGETHER FROM THE MUSIC TRADE
IN A. SINGLE ISSUE OF ANY ONE PAPER.
Volumes could not have spoken so loudly in proof
of the position occupied by THE MUSIC TRADE RE-
VIEW with the people to whom it caters.
In spite of the extraordinary efforts which we made
to accommodate all comers in our advertising col-
umns, there were many who arrived too late or
whom we found it impossible to see.
For the bene-
fit of those who were so unfortunate as to miss the
great advantages of this issue of January 5 to 20,1886,
I will say that in a short time we will bring out an-
other special number, which will give them all the
opportunities offered by this last remarkable edition.
I will shortly give further particulars and arrange
matters so that all will have a fair show.
CHARLES AVERY WELLES.
KIND WORDS.
FULTON, KY., Jan. 23, 1886.
GENTLEMEN : I received one of your papers last
week—THE MUSIC TRADE REVIEW. I think I will be
compelled to subscribe for it. I like it better than
any paper I ever read.
Yours truly,
ALVIN J. BURROW,
Dealer in Pianos, Organs and Sewing Machines.
THE MUSIC TRADE REVIEW is one of the most
voluminous and elaborate trade annuals which we
have received. Almost every reputable manufac-
turer in the country is represented in its pages, and
all the ramifications of the music trade are fully sot
forth and illustrated. — Chicago Indicator.
HARRISBURG, PA., Jan. 27, 1886.
MESSRS. WELLES & BILL :
GENTS: We than K you very heartily for your ele-
gant paper sent to U9; it certainly took the cake,
in fact, the whole bakery. Success.
Respectfully,
J. H. KURZENKNABE & SONS-
FRANK D. CONOVER, of Conover Bros., New York
and Kansas City, left on the 5th inat., for a trip
through the West.
WE are in receipt of invitations to a reception of
the employees of the Estey Piano Co., to be held Sat-
urday evening, February 6, at the corner of Southern
Boulevard and Lincoln Avenue, to celebrate the re-
moval to their new factory.
IN our next issue we shall give the trade some
startling news in regard to the former operations of
one of the editors of a so-called music trade paper.
WE understand that Horace Waters' orange grove.
in Florida, was almost ontirely destroyed during the
recent cold wave-which passed over that state. We
would advise Mr. Waters to try apple trees hereafter,
for then if the apples should happen to freeze, he can
make cider from them.
Mr.
Mr.
Mr.
Mr.
Mr.
Mr.
Jones,
S. H. Daniels,
Pirrie,
Holmes,
W. H. Daniels,
Wright,
A
FTER quietly listening to reports from numer-
ous sources and putting up with all manner
of abuses, Mr. N. J. Haines, Jr., has finally
come to the front, and presents figures and facts
which entirely exonorate him from any blame or
wrong doing, and prove that the Haines & Whitney
Co., might have been made a profitable house.
He says that there were certain parties who went
deliberately at work and wrecked the concern, just at
the time when the outlook was-very bright.
Mr. Haines says that when Mr. C. J. Whitney and
his son-in law, Mr. Holmes, became dissatisfied with
their branch in Chicago. Mr. Whitney corresponded
with him in June, 1883, and made the proposition to
form a stock company. Mr. Haines sent Mr. Milll-
kin to Chicago to look into the case, which ended in
the formation of the Haines & Whitney Co. in Febru-
ary, 1884, with C. J. Whitney, President; N. J.
Haines, Jr., Vice-President, and S. M. Millikin, Secre-
tary and Treasurer.
The company started out with a capital of nearly
$65,000, subscribed as follows :
C. J. Whitney,
.
I . $34,082 43
Amount to settle old debts j .
1(1,358 33
N. J. Haines, Jr.,
.
.
10,000 00
S. M. Millikin,
.
.
.
4,00) 00
Total,
.
.
.
$64,440 76
Mr. Haines states that the charter of the company
expressly specified that the notes of the concern were
to be signed and indorsed by the treasurer, but none
were to be given except for strictly business pur-
poses of the company. Notwithstanding this, he says
the Bills Receivable Book shows the following notes
of C. J Whitney, some of which are marked " accom-
modation."
June, 1884
.
September, 1884,
November, 1H84,
January 5, 1885,
.
January 7, 1885,
January 8, 1885, .
April 3, 1885, .
May, 1885,
.
July 2, 1885, .
September 1, 1885,
September 1, 1885
September 1, 1885,
December 8, 1885,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$2,593
2,624
.
. 2,656
.
2,600
.
2,500
.
2,500
.
2,743
.
1,500
.2,500
.
1,250
.
1,250
.
1,500
.
1,000
.
.
Total,
.
.
$27,216
Now, the question Mr. Haines wants to know, is,
that as the Haines & Whitney Co. did not sell any in-
struments to Mr. Whitney, what these notes were
given for.
To prove that the company did a good business for
one of its age, Mr. Haines gives us the following
amounts, which were recived from them by the dif-
ferent houses:
Haines Bros.,
.
.
.
$75,000
New England Piano Co. (about)
. 37,340
J. P. Hale Co.,
.
.
•
6,546
E. McCammon,
.
•
•
579
E. Gabler cS: Bro.,
.
.
3,500
Chickerlng & Sons, .
.
.
9,429
Total.
.
.
$132,394
The expense account, from the start to the collapse
of the concern, he puts down as follows:
S. M. Millikin,
.
.
. $10,350
Mr. Day,
.
.
•
5,640
Mr. Ambuhl,
.
.
.
7,773
Mr. Tremaine,
.
.
.
.
1,340
Mr. Dettrich,
.
.
.
344
Mr. Barton,
.
.
3uO
Mr. Benedict,
.
.
.
.
1,424
956
1,500
2,765
2,733
1,588
1,520
Total salary acct.
$38,233
Store rent, etc.,
Advertising,
Cartage,
Repairing and Polishing,
Tuning
Traveling expenses,
$80,500
7,700
2,300
1,020
2,500
3,793
Total expenses,
AND SO PERSISTENTLY, UP TO THE VERY LAST MOMENT,
THAT IT WAS IMPOSSIBLE TO FURTHER ENLARGE THE
2O5
.
.
.
$136,651
Although it is illegal for the president of a com-
pany to sit in a chair and vote for his own company
to buy his stock, yet Mr. Haines claims that
this was the case. He says that Mr. Whitney called
a meeting and, together with Mr. Millikin, arranged
for the purchase of Mr. Whitney's stock, as follows:
$1,000 in cash ; a note of Mr. Whitney's, which was
in the safe, for $3,750; this note being part of the
original assets of the company, and the balance of
the stock was paid for in notes of the Haines &
Whitney Co., Mr. Whitney taking $11,000 worth of
installment papers, securing the payments of these
notes.
Mr. Haines further states that In order to secure
an attachment of the premises, Mr. Whitney was
compelled to make an affidavit that he (Mr. Haines)
was trying to get possession of the property for his
own use. Thte, of course, Mr. Haines denies and
says that the books will show that during the exist-
ence of the company he never used the concern for
accommodating himself.
Mr. Haines received a statement, dated December
31, 1885, which shows liabilities $16,625.69, out of
which there were parties representing $7,003.87, who
were willing to wait two years ; assets amounting to
$8,190, including fixtures, etc., at $500, but which ap-
peared on the books for over $5,000. The deficiency
between the assets and immediate liabilities being
shown to be $1,431.82.
In this statement there is no account of the $1,500
note of Mr. Whitney's, which Mr. Haines claims was
in the safe and which he saw on December 23, 1885.
Mr. Haines claims that there must have been par-
ties directly interested to accomplish the ruin of the
Haines & Whitney Co., or else, doing a business as
they did in twenty months, of 350 Haines Bros., and
240 New England pianos, they would never have met
their present trouble.
He says that, in addition to the $10,000 invested, ke
spent $8,000 in furnishing the Haines & Whitney
Co. with advertising, which does not appear on the
books.
Mr. Haines has taken the figures above given from
the books of the concern, and says he has been com-
pelled to make this statement in order to exonerate
himself, and also to put a stop to all absurd rumors
which are circulated by parties who pretend to know,
yet actually know nothing of the affairs of the concern.
DR. HITCHCOCK'S SOCIAL PRAISE.
NEW EDITION.
T
HE Hymns and Songs for Social and Sabbath
Worship, which has already met with wide ac-
ceptance, has received such revision and im-
provement as experience in its use has suggested, and
is now revised in connection with "Carmina Sancto-
rum," by the same editors, and offered with new con-
fidence to the churches.
Its aim, first of all, has been to meet tho require-
ments of social worship, and it will be found to be
specially adapted to the chapel and lecture room.
Prepared with this end in view, it is in no sense an
abridgement of a larger collection, but possesses Its
own character, with much material both of hymns
and tunes not found in its companion hymnals. The
editors have had also in mind the many Sabbath con-
gregations which, for one reason or another, prefer a
smaller book. Provision has accordingly been made
for all the ordinary oecasious of church life.
" Carolina Sanctorum" contains 77f> hymns with
tunes, and is undoubtedly the most complete book of
its class ever published. The retail price is $1.25,
and A. S. Barnes & Co., I l l and 113 William street,
N. Y., are the publishers.