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1'Ht MUSIC TRADE REVIEW
12
Strauch on Corporations.
not honor paper issued by a stock company
unless some individual member of the cor-
poration, worth more than the note calls
AN INTERESTING TALK WITH MR. PETER D.
for, affixes hit, name to it. Tt e bankers
STRAUCH ON THIS AND OTHER SUBJECTS.
OPINIONS THAT ARE VALUABLE—A MEN-
say, 'In our eyes your stock company is
ACE TO INDIVIDUALITY AND CORRECT
not worth a penny.' They ask: 'What are
BUSINESS METHODS A CHANGE
you individually worth, Mr. Member of
EVIDENT.
this corporation?'
"The course now being generally adopted
N the course of frequent conversations
with Mr. Peter D. Strauch, of Strauch by the banks is destined to have a marked
Bros., we have been impressed with his effect, and the result cannot help being
wide range of intelligence and the catholic- beneficial. It may help to inaugurate a
ity of his views upon the great vital ques- newer and better « ondition where men will
tions pertaining to our social, educational, labor to the end that their names may com-
financial and industrial welfare. He is by mand a standing, a value, a reputation—in
no means a "talker." When he speaks on other words,conserve their individuality and
any topic, however, he has always some- good name. It will be simply getting
thing instructive and interesting to say. back to first principles—the sound, honest,
Conservatively progressive, his conclu- correct principles which won success in
sions are always sound and based upon safe trade years ago.
and logical grounds.
" I t is apparent to the ordinary student
of
business affairs that the plan of paying
Last Monday it was our pleasure to have
in
ten
or twenty thousand dollars and issu-
an informal chat with Mr. Strauch in his
ing
stock
for a hundred thousand, is not
cosy and well-appointed office, and we
founded
on
healthy or correct business
were then more than ever convinced that
principles.
The
incorporators are able to
he not only keeps pace with the require-
withdraw
their
capital
if so disposed, and
ments of his growing and prosperous busi-
work
on
the
capital
secured
by selling the
ness, both in the inventive and commercial
surplus
stock
to
outside
parties.
If they
branches; but he has made a deep study of
succeed
in
business,
well
and
good,
they
the conditions rife in the piano as well as
make
money;
if
they
fail
they
lose
nothing,
other industries—conditions which are not
entirely due to the prevailing depression their money is secure."
Mr. Strauch expressed himself as highly
in all lines of business.
gratified
with the recent action of the Piano
He made several strong points in the
Manufacturers'
Association, in extending
course of our conversation which we can-
to
Mr.
Wheelock
fraternal resolutions of
not refrain from making reference to.
sympathy.
"Mr.
Wheelock
is an upright,
Speaking of the failures in the piano trade
honorable
business
man,
who
would never
for the past six months, he said: "When
have
had
occasion
to
give
up
had he not
you come to analyze them, they are really
been
physically
unable
through
illness to
not as serious as many would suppose.
manage
his
business
affairs,"
said
Mr.
Outside of the Wheelock affair—which I do
Strauch;
"and,"
he
added,
"the
resolutions
not consider by any means a bad failure,
for everything will come out all right in are indeed timely and well deserved."
I
The Stein way in Texas.
C
OMMENTING on the palatial home of
Mrs. Robt. E. Ward, at Thurber,
Tex., whhh is known as one of the most
magnificent in that State, Beau Monde, a
Dallas publication, gives a photograph of
the interior of the drawing-room, and
says: " A few weeks ago it needed but one
thing to make its harmony of art and ele-
gance complete, and this it now possesses
in the superb Stein way piano one can see
in the background, sold to the lady by Mr.
Will A. Watkin, of the Watkin Music Co.,
-if this city. It is one of the most exquisite
in finish, perfect in tone and construction,
ever brought into Texas; being of pearl-
white enamel and gold, of upright grand
construction, with a touch so responsive
and a tone so rich and mellow that would
set Paderewski wild with rapture. The
reader knows Paderewski's partiality to the
Steinway, and the public accepts his judg-
ment as the highest authority. Mention-
ing a Dallas firm, Beau Mcndc incidentally
remarks that the Watkin Music Co. are
placing many fine pianos in Texas homes."
Celebrated Their Silver Wedding.
JV^ELBOURNE A. MARKS, superinten-
\ | dent of the Everett Piano Co.'s fac-
tory, Boston, celebrated the twenty-fifth
anniversary of his marriage at the Hotel
Landor, Boston, last Monday evening.
Among the one hundred and fifty guests
present were Col. Daniel F. Treacy, of the
Davenport & Treacy Co.; K*arl Fink, of
Alfred Dolge & Son, and Mr. Davis, of the
Hallet & Davis Co. Letters of congratula-
tion were sent by Frank A. Lee, president
of the John Church Co., Cincinnati, and E.
V. Church, manager of the Chicago branch
of the John Church Co.
the end—very few real solid, responsible
A pleasant coincidence in connection
houses have gone down. The moral effect Another Opinion of the Strich &
with
this celebration was the fact that it
of these failures has been really worse than
Zeidler Piano.
also marked the anniversary of Mr. Marks'
the failures themselves. They have helped
HE opinion of a practical man, who has connectio nwith the Everett Piano Co. 's fac-
to create a certain amount of distrust and
come to certain conclusions with re- tory. A large number of presents were re-
insecurity which I hope will not last for
gard to the product which he handles, is of ceived during the evening, and the guests
any great length of time.
eminent value because it is founded on ex- present enjoyed a delightful time. The
"The conditions'prevalent in the piano
perience, and is therefore
convincing. Rev. Dr. Geo. C. Lorimer, of Boston, who
trade, as well as other industries through-
Hence the following letter which Messrs. married Mr. and Mrs. Marks a quarter of a
out the country to-day, demonstrate that
vStrich & Zeidler received recently from J. century ago, was one of the distinguished
the law which allows of the formation of
A. Harronn, music trade dealer, Luverne, guests present.
stock companies — excepting, of course,
Minn., is of special significance. It is in
close corporations which are, as a rule, as
line with the opinion held by the trade at
Stultz & Bauer.
jealous of their good name as any private
large of the merits of the Strich & Zeidler
individual or firm—has been a detriment
piano:
HE recent retirement of Henry Stultz
—rather a curse—to business progress and
from the firm of Stultz & Bauer will
GENTLEMEN. — It gives me pleasure to
prosperity. It has enabled individuals to
not
occasion
any change of firm name.
work on a false basis—on other people's state, that after handling your pianos for
Business
is
being carried on at 305-9
capital; it has killed individuality or pride the past four years, I find them fully up
East
Forty-third
street, and all orders are
in one's name or products; it has created to your guarantee; in tone they have not
well
in
hand.
Mr.
Wagner, formerly of
and encouraged the speculator instead of only held their own, but have improved
the
Weber
Co.,
has
been
appointed factory
enabling the man possessing a thorough with use; the finish is perfect, and their
superintendent.
The
firm
expect to move
knowledge of his business to receive a re- qualities for staying in tune is remarkable.
I
have
had
one
of
them
in
my
own
home
into
their
new
factory
on
Thirty-first
street,
ward for years of application to his craft;
for
the
past
year
and
a
half,
and
it
is
pro-
about
Oct.
1.
it has thrown a glamour around small in-
It is rumored that Mr. Stultz will shortly
dividuals, whereby th/iy have been en- nounced by all judges of music to be equal,
commence manufacturing on his own ac-
abled to secure large credits—on the whole, if not superor, to any other make in town.
count.
its general effects have been injurious.
AN interest in the J. H. Lockey Piano
"That there is a marked reaction against
THE "Crown" and the Colby pianos are
Case Co., Leominster, Mass., has been pur-
stock companies is nowhere more evident chased by Alvah Stowell, of Fitchburg, handled by S. E. Clark & Co., of Detroit,
than in banking circles. Banks to-day will Mass,
in addition to the Steinway.
T
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