Classic Mode

Music Trade Review

Issue: 1896 Vol. 22 N. 19

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
EDWARD LVMAN BILL
Edltor 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
be made payable to Edward Lyman BilL
Bntered at the New York Post Office as Second Class Mutter.
NEW YORK, MAY 30, 1896
••THE BUSINESS MAN'S PAPER."
THE POLITICO-FINANCIAL SITUATION
HE politico financial question is at
present the dominant one in this
country. It overshadows everything else.
While Europe seems to be sailing along in
a contented way regarding industrial mat-
ters, the United States is in a sea of discon.
tent and fermentation.
. If we could only vaccinate some of our
alleged leaders with the microbe of com-
mon sense we might easily fall in line and
become wh t we really should be—the most
prosperous nation on earth.
That time will come only when men will
inject a little more patriotism and a little
less of the partisan feeling into their poli-
tical beliefs.
With the Government running behind in
the matter of finances, with the disburse-
ments exceeding by several millions the
monthly receipts, how can we expect a re-
turn to the flood tide of prosperity with
this constant backset before us?
Our present Congress instead of consider-
ing these matters from purely an American
T
standpoint, and passing measures to afford
immediate relief, have been devoting their
time in abusing the Chief Executive, in
passing jingo resolutions, in the mean-
while blocking successfully the wheels of
national legislation by forbidding the pass,
age of the tariff bill, which would have
placed the Government at least on a paying
basis.
During the past two weeks there has
been widespread inteiest manifested in all
parts of the Union regarding the relative
position of silver and gold in the platforms
of the two great parties of the country.
Wi.h the utterances of the ranting dema-
gogue in Colorado, the discontent due to
sectionalism becomes more marked daily,
particularly in the West, where the silver
influence is dominant.
There has been much agitation in all
business and financial circles of this country
regarding the monetary plank which will
be incorporated in the platform of the
parties which will hold conventions in St.
Louis and Chicago.
There has been a rapid turning of the
public mind toward the principles of pro-
tection.
The people who absorbed the statements
made by the campaign orators during our
last Presidential election regarding the
purchasing power of a dollar, have been
ever since seeking to find the dollar.
They have learned that no matter how
cheap an article may be, it is just as fa re-
moved from their power of ownership as it
was when its value was placed at four times
the figure, provided they lack the necessary
funds for its purchase.
Never before in American history has
the belief that American advance depends
upon protection to her industries been so
thoroughly grounded among all classes as
at the present time.
Of this we have seen ample evidence
in the numerous conventions, which
have been held in the various States, in-
structing their candidates to vote for the
man who stands as the exponent of that
principle.
Never before in American history, pre-
vious to national conventions, has a man
been so honored as has William McKinley.
As an exponent of protection the entire
sentiment of the people has crystalized in
him as their standard-bearer. This not
only on account of the fact that the famous
tariff bill bore his name, but because he,
more than any other man, has intelligently
championed for many years the protection
idea.
Since the fact has become almost assured
that his nomination at the Convention in
St. Louis was as good as already made, his
numerous enemies in his party and out
have been seeking to draw from him some
statement regarding his ideas and convic-
tions upon the relative position of silver
and gold.
He has been censured in many quarters
for his failure to come out fairly and state
precisely where he stands.
Grave and elderly men in discussing the
politico-financial situation have spoken
with an earnestness in their belief that the
time had arrived when the logical candidate
of the Republican party should define his
position.
In our opinion the silence of Major Mc-
Kinley regarding this situation is perfectly
justified.
He has men within his party who are
seeking to remove him from the leading
position. Should he attempt personally to
create a platform for his party he would be
justly criticised and his utterances would
be not only misconstrued, but would be
used to his disadvantage in certain sections
of the Union where the silver interests
dominate.
In other words, the vote of a delegate
from Idaho, Mississippi or Wyoming
counts just as much in a convention as a
vote of a delegate from New York, Massa-
chusetts or Illinois, and by a premature
announcement McKinley would not only
endanger his own personal success, but
would endanger the success of the party of
which he is in the truest sense the logical
candidate.
He owes it not only to himself, but to
the millions of voters who have the best in-
terest of America at heart, to maintain his
silence until after the St. Louis Conven-
tion.
We may rest assured that at that time,
the Republican party will speak in un-
equivocal language regarding its position
on the currency question.
The utterance of its candidate before
that time would be a grave political error,
and a national misfortune. The party will
at that time give assurance that the
country's business will be safe in its hands
by the incorporation in its platform of a
plank which shall be fixed with golden
spikes as the standard under which the
battle for the Presidency will be fought.
If the party fails to do this it will be
false to its traditions. In fact, if the plat-
form maintains any uncertain or wavering
words regarding the position of gold and
silver in our national currency, then the
party leaders may look forward to a bigger
fight.
But this is not to be.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
The clear-headed, logical thinking men
of the party know that the people of this
country, the men at the head of the great
financial institutions, as well as the toiling
masses, demand a dollar which shall have
a purchasing power the world over of one
hundred cents.
All of this financial agitation has been
brought about by enemies of McKinley
who have sought to compass his ruin by
.seeking to draw from him utterances which
might be misconstrued to his own political
defeat.
The unmistakable national sentiment has
set too strong toward McKinley to be side-
tracked except by some sharp political
move.
It should be understood that throughout
McKinley's entire life he has stood for all
that is best and noble—an intensely
loyal and patriotic American.
Of course, all of this currency lalk has
had a detrimental effect upon business in-
terests, as it has retarded the investment
of capital, both by foreign and domestic
investors. But we may rest assured after
the Convention is held in St. Louis busi-
ness affairs will at once show considerable
improvement. In fact, we say that from
the hour the St. Louis platform is announced
business will show speedy signs of revival.
and thought not of the morrow, but that
time is not now.
Hence it is the duty as well as the right
of every journal which represents manufac-
turing interests in this country to express
itself in no uncertain language regarding
the situation.
We draw our sustenance from all parts
of America, we are not sectional or par-
tisan in our political views.
We believe in those principles which
bring the greatest good to the greatest
number of American people; and we
believe at the present time that the seas
will be less tempestuou-, and that there
will be a vastly augmented prosperity, when
McKinley walks the quarter-deck as captain
of the Ship of State.
#
#
Steinway & Sons have purchased the
piano and organ businesshitherto conducted
Pittsburg, Pa., under the name of Crawford
& Co., formerly Crawford & Cox, also the
branch at Erie, Pa. Steinway & Sons
will conduct the business in their own
name. The immediate result of this move
has been particularly gratifying to them,
as the sales made during the past week have
been surprisingly large.
As to the new wSteinway move in Cincin-
nati, it may be said that their establish-
ment on West Fourth street, uiuLr the
management of Mr. Urchs, is making an
exceedingly satisfactory showing. The re-
port of sales received at the home office
made during the past ten days, emphasizes
the wisdom of Steinway & Sons in estab-
lishing their own business in Cincinnati.
Rene Grunewald in Town.
ENE CxRUNEWALD, well-known
musical instrument manufacturer, of
New Orleans, La., arrived in town yester-
day and will probably leave for New
Orleans to-night. He reports an excellent
condition of business at his factory.
R
ROKT. M. WEBB, piano hammer manu-
facturer and felt importer, 28 Union
Square, will leave for Europe the latter
part of July. His itinerary includes Paris
and Germany. He reports a very excellent
business up to date, but looks for a lull
during the summer months. Mr. Webb
will be accompanied on his trip abroad by
Mrs. Webb
EDWARD F. KENNELLY, music trade deal-
er, 145 Merrimack street, Lowell, Mass.,
was arrested last Wednesday on a charge of
embezzlement preferred by Mr. Gould, of
the Estey Piano Co. Bail has been placed
at $1,000. Details are not at hand.
EDWARD BEHR, of Behr Bros. & Co., is
making an Eastern trip; Mr. W. B.
Williams, of the same firm, is in Illinois
on an extended Western trip.
H. PAUL MEHLIN, of Paul G. Mehlin &
Sons, in dismounting from his bicycle
early in the week, had the misfortune to
dislocate his left knee. He is now at his
country home, May wood, N. J., and ex-
pects to be confined for a week or ten days.
BEHR Btvos. & Co. have fitted up very
cosy retail warerooms in their factory
building, 294 Eleventh avenue.
There never has been, or at least there
never should have been, any doubt whatso-
ever as to the fact that the Republican
party will be ready to go on record at St.
SAMUEL KRIESER, the auctioneer, sold
quite a number of pianos of the standard
Louis as endorsing the gold standard, and
makes at his rooms, 9 West Twenty-eighth
place as its nominee a national man belong-
street, last Thursday. With the exception
ing not to one section, but in thorough
of a Knabe baby gran^, Steinway and
#
#
touch with the whole country.
Hardman uprights, other instruments by
P. J. Gildemeester has always been asso- Wheelock, Schubert, Weber, went for a
It is, after all, this tremendous agitation
that has had a detrimental effect upon busi- ciated with a high grade piano. He is one mere song. Uprights bearing the names
of the cleverest salesmen in America. of Huner and Waters brought $110 and
ness.
$112 respectively, 25 per cent, of an in-
Confidence once restored, and let it be Suppose he should become associated with crease over the price paid for a Wheelock,
understood at home as well as abroad that the Steinway piano. Stranger things than and equal to the sum paid for the Hard-
man. Strange things these auction sales.
every American dollar will be worth its this have taken place in the trade.
face value, and we shall have better times.
MR. ECCI.ES, of Mann & Eccles, Provi-
MR. SHERMAN, of Sherman, Clay & Co.,
Men who are to-day denouncing the
dence, R. I., has been in town during the
was in town this week on his way back week, accompanied by his mother and
silence of McKinley will see in a few weeks
from Europe. He only tarried a day or
that his silence has proven a triumph of two before leaving for his San Francisco sister.
political wisdom and patriotic impulse.
MR. SAMUEL A. WARD, of Newark, N. J.,
home.
has
been in town during the week.
He has a duty to perform to the Ameri-
THE estimated liabilities of the McArthur
can people, and he sees the peril which Music Co., Knoxville, Tenn., whose failure
George Ehret and William Steinway
confronts them, and his silence shows that was announced last week, is estimated to have agreed to take the Heine Fountain,
he understands how that peril may be suc- be about $18,000, and the assets about which New York has disdained, and to
$12,000.
erect it on land of theirs at North Beach.
cessfully avoided.
W. C. BROADWELL, formerly in charge of It will be possible to see it on that spot
We consider at this time, when the air is
from up the Sound, and from Port Morris
surcharged with the feverish unrest and the small goods department of the Whit- and Glen Island. The land for the poet's
ney-Marvin Music Co, will shortly engage
wild rumors, that it is not amiss for THE in business on his own account in Detroit, monument has been deeded to the Heine
Monument Association. Owners of the
MUSIC TRADE REVIEW to utter a few words Mich.
Park
at North Beach will change the name
regarding the situation which confronts us.
WE are in receipt of Hammacher of the pleasure resort to Heine Park when
Time was when the business man and Schlemmer & Co. 's latest catalogue of Professor Herter's sculpture shall have
manufacturer ate plentifully of the lotus piano, organ and violin tools.
been put in place.

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