Music Trade Review

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THE MUSIC TRADE REVIEW.
EDWARD L\MAN
Editor and Proprietor.
PUBLISHED
EVERY
SATURDAY
3 East 14th St., New York
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"THE BUSINESS MAN'S PAPER."
HE funeral services over the remains
of the late Otto Sutro, Baltimore,
will take place this afternoon. Up to the
time of our last form's going to press, the
steamship on which the family of the late
Mr. Sutro had taken passage from Europe,
had not reached this port, but was expected
hourly.
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SMITH & NIXON REORGANIZATION.
HE reorganization of the Smith &
Nixon Co., of Cincinnati, has been a
subject of considerable comment in the
trade during the past week. It is not an
easy matter to complete all details and
organize a million dollar corporation even
in these latter days of the nineteenth cen-
tury, but it is understood that matters
toward the enlargement of the Smith &
Nixon Co. are progressing rapidly, and
there is no reasonable doubt as to the con-
clusion in the near future of all business
arrangements necessary to such a move. It
will be done, too, without placing any of
the stock upon the open market.
There has, however, been no official con-
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firmation that the arrangement has been Fund is based upon strictly logical and
commonsense business principles, and is a
consummated in all its details.
The vast and extensive ramifications of fit subject for legislative consideration.
It would be such legislation as the work-
the Smith & Nixon business render such a
move not one of immediate consummation, ing classes should expect from a govern-
although perhaps there are some trade news- ment "of the people, by the people and for
paper men who could manage the whole the people."
It is neither paternalism, socialism nor
affair in about fifteen minutes on a per-
populism.
centage basis.
It is simply a solution of a much-
discussed and ofttimes confusing question
THE REUNION AT DOLGEVH.LE—1 HE
as to the future of the wage-earner. It
NATIONALIZATION OF LABOR.
insures him a slight token of compensation
A LFRED DOLGE'S views on matters
after years of toil—a compensation that can
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economic are now of such moment
be accepted, not as charity, but as a right.
that his annual address to his employees is
It is a panacea that we think will com-
no longer considered a private affair—it is
mend itself to every thinking man, irre-
looked forward to by a wide circle of
spective of party.
thinkers and readers in and outside the
Consider Mr. Dolge's plan from any
industry of which he is such a shining
point you will—practical or theoretical—
light. The address delivered by Mr. Dolge
and no substantial reasons can be adjudged
last Saturday night—which appears else-
why the Dolge plan of labor pension and
where in this paper—is briefer than usual;
insurance should not be a grand success if
but like all his utterances, it is right to the
extended all over this nation.
point.
The modus operandi is not revolutionary.
In the review of the business situation
It will not offend the most conservative
for the past twelve months, as well as the
rate-payer, while it will benefit the masses
prognostications for this year, there is a
of the American people, stem unrest and
slight pessimistic strain due to the non-
discontent in the labor world, and bring
realization of that full extent of prosperity
about a more agreeable feeling between,
which might be possible were it not for
the employer and the employed.
political mal-administration. Yet it is
To Mr. Dolge honor and credit is due
encouraging to note that in the face of this
for having evolved a scheme which within
fact he records a material progress in the
one year has compelled the attention and
different industries in Dolgeville—a prog-
support of profound thinkers and honest
ress which will undoubtedly continue on
legislators in all parts of the country.
its onward march right through the pres-
What will the coming year bring forth?
ent year.
Probably a realization of Mr. Dolge's fond
It is true, business this spring has been
hopes, thereby "helping to close the chasm
retarded and interfered with through the
which now exists between capital and
ridiculous restrictions surrounding the
labor."
popular bond issue; but, notwithstanding
We commend Mr. Dolge's remarks on
Mr. Dolge's opinion, we think this will be
this subject to manufacturers and all in-
followed by a healthy reaction—a loosen-
terested in this much-discussed labor
ing of the money bags, so to speak—which
question.
will be beneficial to the general business of
Meanwhile, it must be remembered the
the country right up to and past the gen-
Dolge plan of labor pension and insurance
eral elections, resulting in a year of greater
is not a theory. It has been tried, and
prosperity than was recorded in 1895.
"not found wanting."
As we predicted twelve months ago,
when Mr. Dolge delivered his memorable
address setting forth a feasible plan for the
THE NATIONAL BANKRUPTCY BILL.
ultimate solution of the labor problem,
HE National Board of Trade, at their
namely, the nationalization of the Labor
annual convention in Washington,
Pension and Insurance Fund, as at present
this
week,
passed emphatic resolutions in
undergoing a practical test in Dolgeville,
that scheme has been favorably com- relation to bankruptcy legislation. With
mented on, as Mr. Dolge so happily says, almost unanimous voice the merchants of
"by leaders of thought and progress," and this country have been petitioning Congress
we have no doubt but Mr. Dolge's wishes for many years past on this subject, and
anent its adoption by one of our political an equitable national bankruptcy law has
parties will be fully realized in the near been within the possibility of passage on
several occasions. The agitation is on
future.
A National Labor Pension and Insurance again this session, and action is imper-
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