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THE MUSIC TRADE REVIEW
a new mile-stone in the advancement of our
country.
It is to be regretted that our opponents
have raised the class cry, because in America
there are no classes, and the percentage of
men who do not labor daily in some special
- ^ . E D W A R D L.YMAN
Editor and Proprietor.
field is indeed small. This is a progressive
and peace-loving country, and while we
PUBLISHED EVERY SATURDAY
personally believe in extending the Presi-
3 East 14th St., New York
dential term, yet we cannot deny that these
SUBSCRIPTION (including postage) United States and national contests are educational, and it is
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per always easy to govern an enlightened
Insertion. On quarterly or yearly contracts a special dis-
count is allowed.
people.
REMITTANCES, in other than currency form, should
be made payable to Edward Lyman Bill.
When the Presidential contest shall have
Bntered at tht New York Post Office as Second- Class Mmttttr. ended, the restless energy of the people,
refreshed, invigorated and sharpened by
N E W YORK, OCTOBER 3 I , 1896.
the activity of the past few months, will
be turned at once into industrial pursuits.
TELEPHONE NUMBER 1745. — EIGHTEENTH STREET.
With the election of Wm. McKinley,
"THE BUSINESS MAN'S PAPER."
millions upon millions of capital will im-
mediately seek investment and the hum of
industry will be heard throughout this broad
land. Capital which has been secreted in
temporary hiding places will at once be
brought forth and will again perform its
highest mission as a circulating medium.
There is one point that cannot be too
strongly emphasized—that no panic is
threatened should McKinley be elected.
Confidence is at once restored. It is the
fear of Bryan's election that is causing tens
of thousands of Americans to hold aloof
from investments and to secrete their money
temporarily. One side a certainty, on the
other a theory.
Is a shadow equal to a
substance?
At the time of the present writing there
seems to be in our minds no reasonable
UNDER.WHICH BANNER?
doubt but that Wm. McKinley will be
EFORE another publication day of THE elected to occupy the chair of Washington.
Under his banner are gathered victorious
REVIEW shall have occurred the great
question before the nation will have been forces who desire to see free government
settled. This week there is tenseness perpetuated, the country prosperous and
everywhere in business circles, and there the people happy. It ought to be easy
will be no relaxation until the ballots have enough for every citizen who desires to ad-
settled the battle of the standards. The vance the prosperity of the great Republic
horizon is still lighted by the wordy pyro- to elevate still higher the standard of
technics of the orators, who are closing the national honor by showing to the world
that on the American escutcheon there is
campaign with a blaze of rhetorical fire.
Never before in the history of this nation no stain of repudiation. It is a grand and
Or any nation in the world, has a political inspiring spectacle—this mightiest Repub-
campaign been conducted on such broad lic, holding in its hands perhaps the finan-
and educational lines, and never has there cial destiny of the world, settling one of the
been a campaign in this country conducted most important questions of the age by a
with as little personal abuse or force as has rational appeal to the intelligence and
characterized this most notable Presidential honor of the people.
struggle.
This quiet, educational settlement of a
If we go back a few years we all remem- great question is a greater triumph in the
ber what disgusting personal abuses were history of humanity than any victory ever
injected into campaign arguments. This achieved by an ancient or modern military
campaign has been entirely devoid of them, campaign.
and has been debated entirely upon the
Pizarro, the Spanish conqueror of the In-
great issues advanced by the two opposing cas, was threatened by his mutinous band
political parties. Such a campaign marks of adventurers while on the shores of Peru;
B
he drew his sword, and with it traced a line
in the sand, saying, "On thisside is starva-
tion, privations and all their attendant
sufferings. On the other side lies Peru
with all her golden riches. Which course
will ye take and which best becomes a
brave Castilian? As for myself, I go here. "
On the side where McKinley stands up-
raising the banner of American honor and
American integrity, lies prosperity, the
immediate restoration of business confi-
dence, the hum of factories, the tremen-
dous distribution of money among the
wage earners, peace and plenty.
On the other side of the line traced by
the present political opponents in this
country stands Mr. Bryan, beside him are
the grim specters of Altgeld and Tillman,
and over them lurks a darker shadow still
—anarchy, disruption, ruined enterprises,
until the mind stands aghast and recoils
with horror at pursuing such an unhappy
subject.
Let every American look fairly at both
sides of the line before his declaration is
declared and sealed by the placing of his
ballot.
On one side—the sunlight of prosperity
glints through, and the Republic rises
stronger, richer and more prosperous.
On the other side—darkness lightened only
by the lurid torch of the destroyer.
Choose ye which course best becomes a
patriotic American.
#
#
LARGE ORDERS OR BUY OFTEN?
O the student of trade conditions per-
haps the most remarkable and signifi-
cant indication of the trend of the times is
the hesitancy of dealers, not in the music
trade especially, but in all lines, to respond
to the need for replenishing low and dimin-
ishing stocks. Dealers seem to have
drifted, under the pressure of the times,
into the practice of buying stock rather as
demand urges, than in round lots as a
whole. Traveling men and all who are in
close touch with the retail trade have not
failed to note this tendency, which, if it
continues to prevail, may effect an innova-
tion in the general business of the country,
thereby exerting an influence upon all
forms of industry and enterprise.
T
The question is, will this influence be
beneficial or injurious? We rather think,
in many ways, it will be beneficial.
First and foremost, credit accounts will
be in improved shape on both sides. They
will represent a diminished aggregate of
indebtedness, and the assets will be such as
to command the confidence of the creditor.
Again, dealers will keep their own credits
collected up closer. In fact it will compel