Music Trade Review

Issue: 1896 Vol. 22 N. 9

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
the most energetic advocates of a national
bankruptcy law, says: "Of this measure it
may be said that it protects the creditor
class by enabling them to force into bank-
ruptcy a creditor who attempts any form
of fraud, while its provisions cannot be in-
EDWARD LYMAN BILL
voked against any honest debtor who has
Editor and Proprietor.
been guiltless of any act of moral turpitude.
PUBLISHED EVERY SATURDAY
Voluntary bankrupts representing the great
3 East 14th St.. New York
debtor class may take advantage of the
provisions
of this law, which are calculated
SUBSCRIPTION (including postage) United States and
Canada. $3-00 per year; Foreign Countries, $4.00.
to bring the speediest relief to the debtor,
ADVERTISEMENTS, $2.00 per inch, single column, per
insertion. On quarterly or yearly contracts ^ special dis- while securing to the creditor the largest
count is allowed.
REMITTANCES, In other than currency form, should
possible proportion of his claim."
be made payable to Edward Lyman Bill.
THE MUSIC TRADE REVIEW has all along
Entered at the New York Post Office as Second <3a>s Matter.
been in favor of the enactment of a national
NEW YORK, riARCH i4, 1896
bankruptcy law, and it is with some pleas-
ure that we notice that its passage is almost
assured this session. There is a demand
"THE BUSINESS MAN'S PAPER."
for such a bill; it is an absolute necessity
as a protection to debtor and creditor alike.
The members of the music trade industry
should be as active as other industries in
requesting their representatives in Congress
to favor this legislation. It is not a ques-
tion of politics, but business.
E give elsewhere in this issue a com-
prehensive abstract of the proposed
National Bankruptcy Bill, which will be re-
ported to he House Committee onjudiciary
by the sub-committee who have been work-
ing on this measure for the past two months
The new bill is a carefully revised com-
promise between the demands of the debtor
and creditor classes, and the amendments
made by the sub-committee have palliated
the more drastic features of the so-called
Torre}' Bill which came very near being
passed last year. The most important rec-
ommendations in the new bill are the reten-
tion of the involuntary principle in the
measure, but so hedged about by restrictions
as to prevent its being used as a club in the
hands of an over-exacting creditor. All
the restrictions appear to be wise, and are
framed with the object of encouraging up-
rightness in the conduct of debtors by
making such a course the most conducive
to comfort and prompt settlement.
**."
Speaking of the new bill, Representative
Ray, of New York, who has been one of
W
the country regards as needed legislation,
the sooner it retires and gives the country
a rest the better. The action of the Board
of Trade of this city is timely. While the
people of the United States sympathize with
Cuba in her struggles for liberty, yet this
studied jingoism which is interfering with
business should be denounced.
- #
#
The report of the meeting of the credit-
ors of the Weber-Wheelock concerns, which
appears elsewhere in this paper, will be read
with some interest. Mr. Wheelock, as ex-
pected, placed himself on record with re-
gard to his future movements, and made
certain what was previously surmised.
The action of the meeting in appointing
a committee is commendable, but it is to be
regretted that practical men acquainted
with the piano business are not more lajgely
represented. The investigation and unravel-
ing of the affairs of the firms is not an easy
task, particularly as this committee cannot
interfere with the receivers who now control
the different businesses which were in-
volved by the Weber failure.
According to the financial showing, the
prospects of the different concerns are not
over bright, but we trust that the committee
will be able to bring " order out of chaos."
It strikes us forcibly that had the services
of the financial men who are now willing
to aid Mr. Wheelock been secured before
the failure was contemplated, it would
never have occurred, and its injurious in-
fluence upon the trade at large could have
been avoided. It is the old story of "lock-
ing the stable door after the horse is stolen:''
It is hardly proper just now, when the es-
tate is in the receiver's hands, and in con-
trol of a special committee, to criticise the
financial showing. It can only be hoped
that some, if not all, of the concerns will in
due time be able to reorganize and start
afresh with clean hands, new purposes and
safe methods.
#
#
#
#
The members of the New York Board of
•Trade, at a special meeting convened last
Wednesday for the purpose of considering
the effect upon business of the present atti-
tude of Congress toward national questions,
resolved to submit to Congress a resolution
reciting that a discontinuance of disturb-
ance of every character is of vital import-
ance to a recovery from the present de-
pressed condition into which all sections
and every industry of the country are
plunged; that the war discussion in Con-
gress has been detrimental to every interest
of the nation.
In this connection we cannot help com-
menting on the patriotic fervor of our
legislators these days. It is truly edifying.
Party ties are thrown to the wind. The
black Republican, the free trade Democrat
and the free silver Populist are "whooping
her up" in great shape for Uncle Sam.
Under the heading "Steinway in De-
We honor the patriotic professions of our troit," the following item appeared in the
august body of Senators, but just the same, last issue of the Musical Courier:
we cannot overlook the fact that the ma-
"As we go to press we receive word that
jority of these gentlemen have been per- the Steinway piano will be transferred from
fectly indifferent during a recent date to S. E. Clark & Co. to F. J. Schwankovsky
the passage of a number of bills which were & Co., at Detroit, who have for years past
of vital value to the business interests and been using the Knabe piano as a leader.
the credit of the nation. Working for the This seems to end the career of the Knabe
prosperity and well-being of the nation is in Michigan."
also patriotism, although our legislators
The following telegram from F. J.
apparently fail to see it. Perhaps because Schwankovsky, which reached us yesterday,
it does not give them sufficient prominence, speaks for itself:
or cause a mighty rumpus in foreign
"The Musical Courier's report this week
countries.
concerning transfer of SteinwayTagency to
As long as the Senate has ignored what undersigned is a fabrication. The Knabe,
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW.
our leader, js enjpying a great sale and the
high-.a-rti.stic standing it so justly merits."
We are constrained to reiterate what we
stated in these columns a few weeks ago,
thatrour contemporary would act well and
wisely if it pursued a policy of investiga-
ting the truth of statements which it makes
before publishing them. The publishing
of rumors or false statements is easy
enough, but it is not pleasant for the party
concerned to "eat crow," as the saying
goes. Again it is sometimes a mighty ex-
pensive proceeding,
. #
#
"Do I take an encouraging view of the
business outlook? Yes, sir, I do," said
Nahum Stetson, in the course of a brief in-
terview yesterday. " I am led to this
conclusion not alone by the business of
Steinway & Sons, but by the general con-
ditions of trade as far as I am able to gauge
them."
This opinion from such an eminent stu-
dent of music trade affairs as Mr. Stetson,
is cheering and in line with the remarks
made to us by several leading manufactur-
ers during the past week.
When asked about the change of the Stein-
way agency in St. Louis, as reported in a
local contemporary, he said, emphatically,
"There is not a particle of truth in the
statement."
#—#
The news which reaches us from Chicago
that Estey & Camp have purchased the fin-
ished and unfinished stock of Decker Bros.'
pianos, and which has been verified at
headquarters in this city, may be said to be
the final steps in closing up the affairs of
the estate. The deal is an important one,
involving a large amount of money. This
transaction would lead us to believe that
the old and distinguished house of Estey
& Camp may be more prominent and aggres-
sive factors in the trade East and West
than they have been hitherto.
Treloar Copyright Bill.
IT MEETS
STRONG
OPPOSITION
FROM PUB-
LISHERS.
DISPATCH from Washington under
date of March 19, says: An emphatic
protest against the bill introduced by Mr.
Treloar, of Missouri, regarding copyright
was made yesterday before the Patent
Committee of the House by Mr. George
Haven Putnam, of New York, and other
prominent publishers. The Treloar bill is
an elaborate one, and purports to create a
Commission on Copyrights and to make
important changes in the existing law of
international copyright.
Mr. Putnam
pointed out, however, in a forcible analysis
of the bill that it practically wiped out in-
ternational copyright and undid the work
in its behalf which had been accomplished
by its supporters several years ago.
The bill provides that no person shall be
entitled to a copyright unless he shall ad-
dress to the Commissioner of Copyrights
two complete copies of the copyright, book,
periodical, dramatic or musical composi-
tion or print, and that the two copies shall
be printed from types within the limits of
the United States or from plates made there-
from, or from engraved plates made within
the limits of the United States, or from
transfers made therefrom.
Mr. Putnam
declared that while some provisions of the
bill, including the provision for a copy-
right commission, would undoubtedly be
acceptable to publishers and authors and
to the friends of international copyright,
these provisions were embodied in other
bills which were before the committee, and
they were so involved with undesirable
provisions in the Treloar bill that the
friends of international copyright could
hardly accept it.
A
IN the course of an informal chat with
man, Mr. Hugo Sohmer said:
"We are a little ahead of last year; of
course, we don't expect big things during
a Presidential year, but the general out-
look is quite hopeful."
THE varied newspaper reports relating
to the removal of the Muehlfeld & Haynes
Piano Co. to New Brunswick, N. J., are
premature. The Muehlfeld & Haynes Co.
purpose moving out of town, when a suit-
able locality is found, but no definite ar-
rangements have been consummated.
THE REVIEW
RUDOLF DOLGE is taking a little'breath-
ing spell out West, and is expected to
return about the 26th inst.
Mr. Dolge
has been sticking very close to business of
late, and although he will doubtless keep
his "weather eye" open for Autoharp busi-
ness, he is virtually seeking relaxation.
" S A Y , " said a prominent Harlem manu-
facturer, in course of conversation with
THE REVIEW man, "what does Editor
' Know-it-all ' mean by stating that if
America goes to war with Spain, there will
be no change in the Presidency this elec-
tion?" THE REVIEW man felt his duties
were sufficiently arduous without being
called upon to defend the political views of
an opinionated trade editor, and remained
silent. A well-known road man, however,
who was evidently well posted in matters
political, volunteered the observation that
it was not usual to change Presidents dur-
ing a conflict of nations, and showed his
erudition by quoting an instance which
formed a precedent. "Don't you believe
it," said the piano manufacturer, waxing
warm in his wrath, "forty wars wouldn't
stop a change of Government this fall," and
then followed a political discussion which
would necessitate a "special edition" to
adequately describe.
It is understood that the purpose of Mr.
Treloar, who was a music publisher before
his election in a Democratic district of
Missouri, is to secure some further protec-
tion to musical compositions. The Com-
mittee on Patents may be willing to meet
his wishes in this single respect, but they
do not appear to see the necessity of over-
laying the provision regarding music with
other changes of the law.
OTTO L. BRAUMULLER, president of the
Dr. Draper, of Massachusetts, the chair- Braumuller Co., will start to-day or Mon-
The Prescott Piano Co.
man of the committee, who listened very day for another ten days' Western trip.
HE Prescott Piano Co., Concord, N. H., attentively to the arguments of Mr. Put- Dealers on the look-out for a thoroughly re-
are fast getting their new plant into nam and his associates, said after the hear- liable piano will do well to look into the
working order. A large force of men are ing that the bill was evidently a radical one, merits of the Braumuller.
employed putting in machinery, and the and would require such elaborate consider-
A MIGHTY good speech was that delivered
building commences to present the appear- ation, if it was to be considered at all, as
by George B. Armstrong at the recent
he
doubted
whether
the
committee
would
ance of a comfortable and well-equipped
meeting of the Music Trade Association,
manufactory. In these quarters they will be able to give during the present session.
Chicago. He told some plain unvarnished
There
is
no
probability
that
the
measure
have ample space for the manufacture of a
truths, full of wisdom and common sense,
will
be
seriously
considered
by
the
com-
large number of instruments. The plant
which some manufacturers might "paste in
consists of two large brick buildings with mittee, or that it will be ordered favorably
their hats" with advantage.
reported
if
it
is
considered.
steam power, one 115 feet by 40, the other
92 by 30, complete with elevator, automatic
WE "are in receipt of a very handsome
sprinklers and other appliances. A large
photo-gravure plate of a number of the rep-
WM. EBELING, general representative of
number of cases have been ordered, which Win. Knabe& Co., Baltimore, who has just resentative dealers of the music trade of
will soon be ready to put into the varnish returned from a successful Western trip, the United States from the Business Bureau
room, and the prospects are that by June spent a portion of Wednesday and Thurs- of the Musical Age. The work is cleverly
1st they will have their new styles read)' for day this week in New York, on his way executed, and reflects credit upon the
publisher.
the trade.
home.
T

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