Music Trade Review

Issue: 1896 Vol. 22 N. 13

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
LYMAN
Editor and Proprietor.
PUBLISHED
EVERY
SATURDAY
3 East 14th St.. New York
SUBSCRIPTION (including postage) United States and
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
Insertion. On quarterly or yearly contracts. special dis-
count is allowed.
REMITTANCES, In other than currency form, should
De made payable to Edward Lyman Bill.
Bntertdat tht New York Post Office as Second (Ja is Matter.
NEW YORK, APRIL 18, 1896
"THE BUSINESS MAN'S PAPER."
and individuals to fight shy of giving cre- no occasion to trouble them when times are
dence to the many uncalled-for predictions fairly good^-at least, not to as great an ex-
and forecasts which are already rife.
tent as at the present time. Hence we
Notwithstanding the general pessimistic think it is the duty of banks to be more
feeling prevailing, business generally has liberal just now in support of their custom-
not been, nor is, as bad as many would ers.
have us suppose. The opinions of several
There is no doubt but the recent failures
manufacturers which appear in this issue in the trade have done much to undermine
disclose a very satisfactory condition, both the confidence held by the banks, but when
as to present and future trade—at least, this matter is clearly analyzed, and the
sufficient to counteract the general idea healthy condition of the trade for the past
that trade at large is going to the "bow- three years taken into consideration, this
wows. "
lack of faith is not based on reason. It is
At no time was it more necessary to have safe to say that few industries can report
a level head and a surplus stock of confi- less failures than the music trade.
dence.
Much depends during the next six months
The music trade has successfully weath- upon the treatment accorded the trade by
ered a rather trying commercial storm for the banks. An unnecessary conservatism
the past few years, and it has been knocked and want of confidence will work no end of
about a bit during the past week by a small harm, while on the other hand a liberal but
gale; but before long it will reach the port discriminating support will be of material
of good times with some damage perhaps, benefit. It will tide manufacturers over a
but with a lot of experience aboard, which period of monetary stringency which is cer-
will be of advantage when again sailing tainly unparalleled.
over the smooth waters of prosperity.
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The very impartial acknowledgment of
Elsewhere in this paper we publish an the valuable Steck patents and inventions
article upon "Credit Systems." It is in made by Mr. William Steinway in his ad-
line with our editorial on this subject last mirable article on "American Musical In-
week, and applies as forcibly to the music struments," which appeared in this paper
trade as to any other industry. The grant- two weeks ago, speaks not only for Mr.
ing of credits appears to be a simple matter Steinway's fair mindedness and liberality,
to a great majority of manufacturers. In-
but affirms the "lasting value" of the tech-
deed, recent failures among dealers demon-
nical achievements of the Steck house as
strate that it has been dispensed without
embodied in their products. The tribute
due consideration of its importance.
paid the improvements in the Steck piano
It is far from being as simple a matter as by Mr. Steinway is well deserved, and is in
E hardly consider it necessary at many think, however, and upon it hinges line with the opinions of musicians and
the present time to enter inU the safe conduct and prosperity of business leading dealers who have used and handled
any elaborate resume* of the causes which to-day. There are so many details con- these instruments.
have led up to the failures reported in the nected with the dispensation of credits that
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East and West during the past week. As it partakes of the nature of an exact science.
We
learn
that
Strich
& Zeidler, piano
The sooner manufacturers realize that
far as the Briggs Piano Co. are concerned
the failure is not a bad one, and although this is one of the most important depart- manufacturers, of this city, are about to
ments of their business, there will be less bring suit against Albert Steinert, manager
authoritative figures are lacking, it seem
that the assets will be ample to cover the failures; the honest and progressive dealer of the Providence branch of M. Steinert &
indebtedness, therefore it may safely be will be appreciated and the unscrupulous Sons Co., for $25,000 damages for slander.
predicted that they will re-organize in due and dishonest man who is trading on other In fact, the summons has already been
time and work along on conservative lines. people's capital will have to seek "fresh served. The matter is in charge of Com-
stock & Gardner, attorneys, of Providence,
It has all along been the aim of the found- pastures."
who represent Strich & Zeidler. The par-
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ers of this concern to manufacture and
ticulars relative to the basis of the action
market an excellent piano in keeping with
Complaints are many among manufactur-
their general reputation as first-class piano ers for the past few weeks, that the banks, cannot be published, until after the papers
makers and honest men. That their efforts both in the East and West, are unusually are filed on April 25th; suffice it that the
have not been appreciated is due to the pe- conservative in the matter of handling all matter at issue is an important one, which
will be of vital interest to the trade.
culiar commercial conditions which prevail kinds of piano paper.
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nowadays.
It is true banks have a right to do as
The moral effect of the failures in the they please in a matter of this sort, but it
Further particulars of the failure of the
piano trade at the present time is undoubt- is just at such a time as the present, when Briggs Piano Co., of Boston, which was an-
edly bad; it will result, as a matter of money is unusually scarce, that they can be nounced in our last issue, are meager. C.
course, in the usual crop of rumors which of most service to the mercantile commu- B. Southard, to whom the assignment was
inevitably follow commercial catastrophes. nity.
made without preferences, is unable as yet
At this time it behooves trade journals
As a general thing manufacturers have o furnish a definite statement of the condj-
W
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
tion of affairs. He claims the cause of the devoted to the commercial and industrial
W. W. Kimball.
failure was due to inability to dispose of interests of the country.
stock, and the general dullness of trade.
So far efforts have failed because busi- THE MILLIONAIRE PIANO MANUFACTURER FA-
VORS " T H E REVIEW" WITH A "SNAP-
The assets are estimated at about $60,000, ness men have neglected to impress their
SHOT" INTERVIEW.
and the liabilities about $40,000, but this desires upon the law makers. Now, how-
statement cannot be verified until an ac- ever, the National Board of Trade has taken
T is about as easy for a newspaper man
count of stock has been taken.
the matter up in earnest, and the different
to extract juice out of a stone as to
The members of the company are very bodies connected therewith have appointed persuade Mr.W. W. Kimball to express an
highly esteemed, and it is hoped that their a commission to stir up Congress to take opinion on music trade affairs. Mr. Kim-
present embarrassment will be only tempo- action in this matter. The result is the ball is an admirable raconteur; he can be
jocose, facetious and irrelevant, but woe
rary. The last financial statement which bill which Senator Fry has introduced in
betide the scribe who takes him seriously.
was filed by the company, on April 4th, the Senate. Such a department would do
THE REVIEW man was making his peram-
1895, showed debts, $37,558.75; assets, cash much to forward the manufacturing inter- bulations yesterday morning, and espying
and debts receivable, $23,906.96; stock ests of this country, not only at home, but a tall, well built and erect figure, with a
and materials, $47,754.38, and miscellane- abroad, and we trust it will meet with the martial tread, sedately strolling ahead, felt
sure he was in the wake of no less a person-
ous, $26,671.41.
approbation of Congress.
age
than the Chicago piano magnate.
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"Good morning, Mr. Kimball," said
Ex-Senator Palmer reached Washington
New York has had within its gates this THE REVIEW representative.
on Monday with fire in his eye and a toma- week two distinguished visitors—the Mar-
"Ah, how do you do.' 1 " retorted the piano
hawk in his hand, metaphorically speaking. quis Yamagata, Japan's famous Field Mar- manufacturer, with a warm shake of the
The object of his visit was to stir up the shal, and W. W. Kim ball, Field Marshal hand.
"Not much use asking for an opinion on
officials in Washington with regard to the of the music trade of the West. In this
the
trade outlook, I presume," ventured
World's Fair medals and awards. He says connection we wish to remind our contem-
THE REVIEW man.
he will not leave the Capital City until poraries that the rumors about the Kimball
With a knowing look, and a merry
everything is satisfactorily arranged. branch store in this city are now in order.
twinkle in his eyes, Mr. Kimball said:
Speaking to a reporter, he said: "Ample
"Well, to tell the truth, I have been out of
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the business atmosphere lately; have just
authority has been given the Secretary of
The personal profits of Paderewski from returned from a five weeks' stay in South-
the Treasury to distribute the medals and
his tour in this country are estimated at ern Florida."
diplomas, and it was our wish that the ex-
$230,000. Think of it, ye manufacturers
THE REVIEW man got desperate, and
hibitors should have had both by March 1
said:
"Well, business is rather quiet, Mr.
and dealers;
of this year. Still, we are counting on
Kimball."
It is truly gratifying that somebody is
everything being cleared up, so far as the
"Oh, I don't know," was the reply. " I
making money these days.
notice everybody round New York looking
Bureau of Awards is concerned, by May 1,
smiling, and, really, business is pretty
1896."
good." Mr. Kimball continued, "Now, I
The
/Eolian
Concert,
May 1st, 1896! This was to be originally
think if you'll go back to your desk and
May 1st, 1894. But what is two years to
HE grand concert to be given by the draw on your imagination, the general re-
the World's Fair officials? Think of the
.^Eolian Co., at the Mendelssohn Glee sult of this interview will be just as satis-
fun they have had and the many notices in Club Hall, on the afternoon of April 23d, is factory as if I were to cogitate and draw on
destined to be one of the most successful of my 'feeble' intellect for the express purpose
the trade papers.
the many given by this progressive firm. of providing matter for the very admirable
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The following distinguished artists will columns of THE REVIEW. Good day."
The rising tide of free silver sentiment
participate: Edouard De Reszke, Mme.
Mr. Kimball stated that he would return
has almost reached the danger level, accord- Nordica, Hans Kronold, Wm. C. Carl and
to Chicago that evening (Friday).
ing to reports from the West. It will re- Richard Henry Warren. Truly an array of
quire a mighty lot of diligent thinking to talent unprecedented in concert circles
solve this problem, particularly when such this season. Here is the program:
Bott vs. Flechter.
-
Weber.
a complex question is in the hands of voters 1. OVERTURE, "Preciosa"
V. TOLEDO.
HE sensational trial of Victor S. Flech-
-
Grutmacher.
who are in a great many instances entirely 2. FANTASIE HONGROISE,
HANS KRONOLD.
ter, who is accused of being con-
-
Mozart.
ignorant of the importance of the matter 3. ARIA MAGIC FLUTE, -
cerned
in the disappearance of the Stradi
ED. D E RESZKE.
under consideration. The currency, tariff 4. VORSPIEL, "Metstersinger,"
Wagner.
varius violin which was stolen from the
RICHARD HENRY WARREN.
and other questions which affect the busi- 5. FAUST, "Jewel
late Prof. Jean Joseph Bott, has been oc-
Song"
-
Gounod.
MME. NORDICA.
cupying the Court of General Sessions—
ness interests of the country should, as we
6. a. ROMANCE,
.
.
.
Fischer.
Recorder Goff presiding—for the past four
have so often maintained, be taken entirely
b. HARLIQUIN, -
Popper.
HANS KRONOLD.
days.
Thus far the case depends largely
out of politics and acted upon by a non-par- 7. OVERTURE, "Midsutnmer Night's Dream,"
upon
the
testimony of experts — connois-
[Mendelssohn.
tisan commission of business men. Thus
W. C. CARL.
seurs of violins and experts in hand writ-
Meyerbeer.
the periodical agitation of these, questions 8. DUET, "Les Huguenots," -
ing. The case is still in hearing.
NORDICA and D E RESZKE.
can be avoided.
A splendid opportunity will be afforded
" #-—#
those unacquainted with the marvelous per-
THE following, among other dealers, have
There is a bill now before Congress to fection of the ^Eolian principle of construc- been in town during the week: Otis Bige-
provide a new member of the Cabinet—a tion to hear and study it at this concert. low, Dowagiac, Mich.; Mr. Taylor, of
Secretary of Commerce and Manufactures. As an accompaniment to the voice and in- Taylor's Music House, Springfield, Mass.;
terpreter of the greatest works of the mas- W. H. Keller, Easton, Pa. ;* Joe Wood, of
This is the result of efforts made on several
ters it will be found almost beyond com- Wood Bros., Pittsfield, Mass.; Mr. Gallup,
occasions for the last ten years to secure parison. Mr. Vincente Toledo will be the of Gallup & Metzger, Hartford, Conn.;
the enactment of laws for the establishment accompanist. We bespeak a big success Mr. Schoenberger, of Lechner & Schoen-
of a department of the Fecfer.al Gqye.rnme.;nt for this charming musicale.
berger, Pittsburg, Pa.
I
T
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