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THE MUSIC TRADE REVIEW.
mortgage, was in fact attached to the note
for the principal, and it appeared that an
examination of the latter note would have
[PR-SPARED FOR THE MUSIC TRADE REVIEW.]
disclosed the terms upon which its maturity
would be advanced, the grantee in the
LETTERS — EMBEZZLEMENT — TAKING BE-
deed was chargeable with a knowledge of
FORE MAILING.—The United States District
these facts, and in assuming payment of
Court for Missouri, in the case of United
the mortgage became liable accordingly,
States vs. Safford, 66 Fed. Rep., 942, say,
and that the matuiity of the note secured
the statute making it a crime to take a let-
by the mortgage having been advanced be-
ter from the post-office, or which has been
cause of default in the payment of interest,
in any post-office, "or in the custody of any
demand for which was made upon the
letter or mail carrier before it has been de-
grantee and payment refused by him, and
Jiyered to the person to whom it is directed
the mortgagee having exercised a power of
(Rev. St., § 3892), does not extend to the
sale in the mortgage, the proceeds of which
£#se of a letter stolen from the desk of the
sale were insufficient to pay off the debt,
addressee, upon which it has been placed
and the mortgagor having paid the balance
by the mail carrier, in the absence of any
due thereon, the grantee became liable to
one to receive it."
her in an action for the amount of such bal-
-CREDITOR'S BILL—STATUTORY REMEDY ance.
PENDING ACTION AT LAW.—1. To entitle one
to maintain a bill under the statutes giving How to Promote Foreign Trade.
a remedy in equity against property of a
BOOK of great value to manufactur-
debtor which cannot be attached or taken
ers and merchants has recently been
on execution at law the claim need not be
issued from the Government offices at
reduced to judgment.
2. Where, during the pending of a suit at Washington entitled "The World's Mar-
law to recover a debt, the creditor com- kets." It contains, much statistical and
mences a suit in equity against property of other information of great value. Its main
the debtor which cannot be attached or object is to show how foreign trade is
taken on execution at law, the bill in equity stimulated and promoted in Germany. It
should be dismissed unless the creditor furnishes an idea of what might be ac-
complished by American manufacturers
elects to discontinue the action at law.
3. A bill under the statute giving a cred- were they to inaugurate such practical
itor a remedy in equity against the prop- methods in developing foreign trade as is
The remarks
erty of the debtor which cannot be attached practised in Germany.
anent
the
character
and
work
of the com-
or taken on execution at law, must set out
mercial
unions
of
that
country
will be
the cause of action as fully as is required
found
specially
interesting,
and
may
sug-
in an action at law. Sanford vs. Soule
gest
the
establishment
of
a
similar
system
Piano and Organ Inv. Co., 41 N. E., 120.
in the United States for the promotion of
TRADE-MARKS—GEOGRAPHICAL NAMES.— foreign trade.
The geographical name of a place where an
"The efforts of Germany," says the re-
article is manufactured cannot be exclu-
port, "to secure foreign markets for its
sively appropriated as a trade-mark. Gen-
products, is shown in the great interest
esee Salt Co. vs. Burnap, 67 Fed. Rep., 534.
taken by it, even to its inland cities. All
MORTGAGE—NOTE—LIABILITY.—The Su- over the empire societies are organized to
preme Court of Georgia held, in the case enourage colonization and the export trade
of Williams vs. Moody, that where a deed of the country, and promote practical
of conveyance recited that it was made sub- schemes to fit young men for business and
ject to a mortgage upon the property con- afterward help them to get places. These
veyed, given by the grantor to a third per- unions are agents in helping to extend the
son to secure a specified sum with interest, foreign markets; they use^simple methods
"which said mortgage and interest said which are very successful, and they have
grantee assumes as part of purchase price" been indorsed by the press, the authorities
of the property, the grantee, upon failing and the people. They project all kinds of
to pay off the mortgage at its maturity, be- schemes for bringing German products to
came liable to the grantor for the amount the notice of foreigners. German emi-
due thereon; that although the mortgage grants and residents in foreign countries
of which the grantee had thus assumed are enlisted in the encouragement of for-
payment did not upon its face disclose that eign trade by the receipt of almanacs and
a given default in the payment of interest other publications containing the names of
could render the principal of the note se-. German firms, with illustrations of their
cured by the mortgage due at a date earlier productions and manufactures.
than that otherwise fixed for its maturity,
"In connection with these unions are the
yet where that note, as described in the commercial schools, the strongest of which
mortgage, referred to an "interest coupon is that of the Hamburg Union for Com-
note," which, though not so stated in the mercial Clerks. The union numbers up-
Recent Legal Decisions.
A
THE
CELEBRATED
STEGER
It
ward of 42,000 members, has a capital of
125,000 marks, or $29,750, and has its own
schoolrooms and a fine site near the Ham-
burg Bourse. During the forty years of
its existence it has found places for 40,000
young men. It is the subject of English
and French emulation, and is doing a work
that deserves the highest praise.
"The phenomenal increase in the foreign
trade of Germany from 1,060,000,000
marks, or $252,280,000, in 1850 ,to 7,883,-
000,000 marks, or $1,876,154,000 in 1894,
is due in no small degree to these institu-
tions, and German influence in England,
Australia, South America, Mexico and the
United States is also due in a great de-
gree to these unions. Kept in constant
contact with home by correspondence,
emigrating clerks or merchants make them-
selves agents for the fatherland, and are
ever close to each other by the bonds of
such unions, and with their passionate
fondness for their mother tongue, uncon-
scious^', it may seem sometimes, but
nevertheless with certainty, they find for-
eign markets for home products and situa-
tions for German clerks.
"These organizations give out and spread
abroad a great deal of knowledge, and,
while the placing of clerks is one of their
objects, they do not neglect the obtaining
of foreign trade. The benefit belonging
to such unions is simply incalculable.
They give almost irresistible impulses to
young men to work their way upward.
If German clerks are among the best, hard-
est working, safest and most reliable, and
ii--German agents are the best informed
and most pushing, it is due, in a large de-
gree, to lessons learned in these unions.
Their influence, from very modest begin-
nings, is to-day universal. Organizing in
mall groups, the unions have gone onn
sgrowing large in number and powerful is
influence for good. Many of them are rich,
with beautiful buildings, fitted up in a
simple but artistic manner, pleasing the
most aesthetic taste. They have also
founded unions in connection with those at
home in the United States, Canada, Brazil,
Belgium, Bulgaria, Bukowina, Dalmatia,
Galicia,
Egypt,
Denmark, Norway,
Sweden, Greece, the islands of the Medi-
terranean, Great Britain and Ireland,
Italy, Sicily. Japan, Luxemburg, Monte-
negro, Portugal, Roumania, Switzerland,
Servia, Spain and Turkey."
J. W. GUERNSEY, Sohmer representative
at Scranton, Pa., made quite a selection of
Sohmer styles during his visit to this city
last week. The new style 5B uprights par-
ticularly took his fancy.
CHAS. METCALF died recently at James-
town, N. Y., in his 75th year. He was a
native of Putney, Vt., was president of the
Hulmboldt Bank in Erie for a number of
years, and was later engaged in the piano
business.
PIANOS
M
PATENTED 1892.
are noted for their fine singing quality oi
tone and great durability.
The mc&t
profitable Piano for dealers to handle^
STEG-ER & CO., Manufacturers,
Factory, Columbia Heights.
235 WABASH AYENUE. CHICAGO.