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THE MUSIC TRADE REVIEW.
Chase & Smith Make an Assign-
ment.
Hattersley Brothers
HAVE A MISUNDERSTANDING ABOUT PARTNER-
WITHOUT PREFERENCES
SHIP MATTERS.
ASSETS $ 6 7 , 0 0 0 — L I "
ABILITIES $52,OOO.
T
HE efforts of Chase & Smith, the well-
known music dealers, of Syracuse, N.
Y., to come to some understanding with
their creditors at the. important meeting
held on Thursday of last week, proved in-
effectual, and just after going to press the
announcement that they had failed reached
us. The general assignment is for the benefit
of all creditors, without preferences, except
those required by law to employees, and
Carleton A. Chase is named as assignee.
The nominal assets are placed at $67,000,
and the liabilities at $52,000.
The firm of Chase & Smith is a limited
partnership dealing in pianos, sheet music
and musical instruments.
The general
partners are Henry M. Chase and Frederick
M. Smith, and the special partners Mrs.
Cynthia M. Burnet and Moses D. Burnet,
as executors and executrix of the estate of
John Barber Burnet, and Mary R. B.
Chase, wife of Henry M. Chase. This
partnership was formed on July 7th, 1891.
Mr. Chase at that time is said to have put
$14,000 into the business, and Mr. Smith
one-half that amount. On the 1st of last
May the partnership was renewed for two
years. Mrs. Chase and the executors of
the Burnet estate each contributed $5,000
to the common stock of the limited partner-
ship.
This partnership succeeded the
firm of Chase & Moody, and that firm the
well-known house of A. C. Chase, which
was established in the fifties.
Until this spring the firm has occupied
the store at 331 South Salina street, and
but recently moved into the newly fitted
store, one door to the south of the old place.
The assignee, Carleton A. Chase', is the as-
sistant treasurer of the Syracuse Chilled
Plow Co.
The figures given of the assets and
liabilities are but approximate, as a recent
inventory has not been made
The taking
of the assignee's inventory is now under
way.
According to a statement made by the
firm in July, 1895, their assets were $69,-
000, and liabilities $32,000. No later state-
ment has been made.
The principal creditors are Smith &
Barnes, Gildemeester & Kroeger, Kurtz-
mann & Co. and Haines & Co.
Before the assignment Deputy Sheriff
Whittic took possession of a lot of stock in
two replevin actions. One was brought by
the Oliver Ditson Co., and under that
action tambourines, accordeons and instru-
ment parts of the value of $193 were reple-
vined. The other action was that of the
Emerson piano, under which several pianos
valued at $750 were taken.
D.
G.
PFEIFFER & Co., 417
Eleventh
street, N. W., Washington, D. C., are
handling bicycles as a side line.
A
BILL in Chancery has been filed by
Edwin Robert Walker, counsel for
Charles M. Hattersley, music dealer, Tren-
HIS department is edited by Bishop &
ton, N. J., to have set aside the award of
Imirie, Patent Attorneys, 605 and 607
the arbitrators in the case of the settling
Seventh
street, Washington, D. C. All re-
up of the partnership existing between
quests
for
information should be addressed
Hattersley and his brother, Thomas S.,
who traded under the firm name of Hatter- to them and will be answered through these
sley Brothers. The bill also prayed for an columns free of charge.
injunction to restrain Thomas S. Hatter-
Trade-Mark, No. 28,227.
Brass and
sley from collecting certain accounts and other Wind Instruments. Besson & Co.,
disposing of certain merchandise which had Ltd., London, Eng. The word "Zephyr."
been awarded to him by the arbitrators)
560,053. Chin Rest for Violins. F. J.
until such time as the Court of Chancery
Strong, Coventry, Eng. Patented in Eng-
should decide whether the award should be
land, June 21, 1895. A two-part bracket
set aside. On this prayer a rule to show
cause was granted.
T
The bill sets out that the Hattersleys en-
tered into a written partnership agreement
Jan. 1st, 1891, and that the amount in-
vested by Charles M. was $6,023.78. It is
further stated that under a written agree-
ment Charles M. was to receive legal in-
terest on the $3,500 excess of his invest-
ment over that of his brother's.
The firm was dissolved by mutual con-
sent Feb. 26th, 1896, and it was decided to
submit the settlement of the partnership
business to three arbitrators, the bill alleg-
ing that there had been no accounting or
settlement during the entire period the
partnership existed.
The arbitrators made their award, which
was not satisfactory to Charles M., who in
his bill charges that the arbitrators, did
not make allowance to him of the $3,500
which he had invested in the business
in excess of the amount invested by
Thomas S.
The Matthews Piano Co.
E
R. MATTHEWS, who was vice-
president of the N. P. Curtice Co.,
#
from the time of its organization to the
end of its career, has organized and incor-
porated the Matthews Piano Co., who have
opened beautiful piano warerooms in the
new Telephone Exchange Building, at 130
South Thirteenth street, Lincoln, Neb.,
having the only exclusive music house in
that city Mr. E. R. Matthews, who is
the heaviest stockholder in the new com-
pany, is the president and treasurer, and
Mr. Geo. E. Spear, who is second heaviest
stockholder, is secretary.
The new company are the sole and ex-
clusive representatives of the "Matchless
Shaw Piano" in the State of Nebraska,
and they also handle the wide and favor-
ably known "Wegman," the old and relia-
ble "Jewett" pianos, and a full line of
organs and small goods.
The new concern will be conducted on
lines of the straightest business integrity,
their motto being that "honesty is the best
policy."
secured to the violin body carrying arms at
its upper and lower ends adapted to bear
against the shoulder and the chin.
560,152. Damper for Pianos.
W. A.
Bein, New Haven, Conn., assignor to the
B. Shoninger Co., same place. Improve-
ment on patent No. 542,132. The damper
strip is in sections, and the treble sections
have toothed edges.
559,227. Piano Attachment.
J. W.
Stevens, New York, N. Y. Hanging strips
adapted to be moved vertically into the
path of the hammers are provided at their
lower ends with suspended hollow strikers.
Unbounded Faith in the Bram-
bach.
A
S the Brambach factory is one of the
important Dolgeville industrial in-
stitutions, it causes no surprise here that
the musical world is coming to realize that
the "Brambach piano is one of the most
satisfactory," not only in the trade, but as
well among the highest class of musical
artists. The care and ingenuity devoted
to every detail of the construction is a
matter of current, everyday knowledge in
Dolgeville, and the local faith in the merits
of the instruments is consequently un-
bounded.—Dolgeville Herald.
THE exports of musical instruments from
the port of New York for the week ending
July 1st amounted in value to $28,743.
The largest.shipment was made to Brazil,
the value of which was $10,680.
JOHN A.
SHAUL & SON, piano dealers,
Amsterdam, N. Y., have been succeeded
by Fay Shaull.