Music Trade Review

Issue: 1896 Vol. 23 N. 15

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
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.
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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
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
7
We will predict—but then read the article pounded the questions to Mr. Boothe we
expected some evasion to our direct queries,
and you will fully realize our predictions.
Mcnc Mcne Tekcl Upharsin, which quota- but no, he replied unhesitatingly and de-
tion revised and fin-dc-sicclc means, Watch livered himself of his views in such a force-
the hand writing on the wall and you will ful and characteristic way that will be of
interest to the trade. When Wm. F.
see a National association.
Boothe talks, he talks straight from the
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shoulder, and there is no mistaking that
To-day New York will witness one of
his blows are large, well rounded and
the grandest parades which has ever
sledge-hammer-like. What he says about
occurred in this or any other city. There
the "cheap" piano will cause much surprise
will probably be a hundred and twenty-
in certain quarters.
five thousand business men in line. These
men will represent almost every known in-
dustry, and every shade of political belief,
THK REVIEW hinted last week of the pos-
but who will throw aside old party affilia- sible change of the Chicago agency of the
tions to march in protest of the depre- Hazelton piano from Lyon & Healy to
ciated dollar advocated by Bryan and his Lyon, Potter & Co. The transfer is now
followers.
an established fact, and the Hazelton
The extent of the parade may be real- piano will be handled in the Western Me-
ized when we state that the first columns tropolis by the latter named firm. Mr.
form for marching at ten o'clock, while the Samuel Hazelton, who has been on a West-
last column will not be formed until seven, ern trip, returned to town last Tuesday.
thus from the windows of THE REVIEW we
may witness the parade for hours, then go
AMONG the recently appointed agents for
down town to fall in line; and after dis- the Steinway piano is Geo. Schroeder, Co-
banding at Forty-second street we will lumbus, O. He is successor to the old firm
have ample time to return and witness the of Longstreth & Schroeder.
MR. BUSH, of the firm of Bush & Gerts,
marching thousands for hours, if we so
manufacturers of the . celebrated pianos
desire.
Robert C. Kammerer will lead a com- that bear their name, is attending the fair.
—Dallas, Tex., "Times-Herald."
pany of Fourteenth street business men.
THE Cornucopia Co., to publish periodi-
Rudolf Dolge will also be at the head of a
cals and music, have been incorporated in
detachment, while THE REVIEW will organ- this city; capital, $1,000. Directors—H.
ize a company, and will march in conjunc- L. Luques, H. M. Tillinghast, and Wil-
No trade=paper bulldozing.
tion with the " North American Review" liam McM. Speer.
No advertising payments in in the Publishers and Advertisers division.
CHARLEY SISSON, the well-known road
man,
who has severed his connection with
If
there
are
any
of
our
readers
who
are
advance.
the
B.
Shoninger Co., of New Haven,
No monetary loans to support desirous of parading, who have not at- is in town looking after his Brooklyn inter-
tached themselves to any organization, we
ests, the Sisson-Hedenberg Co.
newspaper mendicancy.
wish to say that we shall be pleased to have
S. L. HOUSE, of House & Davis, Chicago,
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them join with us. The company will
and Carl Droop, of E. F. Droop & Son,
The article appearing in another portion leave THE REVIEW offices at 1.15, assem- Washington, D. C , were in town during
of this paper entitled "The Great Music bling at Cedar street, west of Trinity the week.
Trade Congress" is pure fiction, yet in the Place, at 2.30 P. M. sharp.
C. J. MENZIES' music store, at 1905 South
light of the twentieth century our words
Broadway,
St. Louis, was damaged by fire
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may appear prophetic. Already there is a
last week.
No independent trade journalist asks a
tendency towards amalgamation between
EDWIN M. BOOTHE, who has recently
manufacturer to contribute towards his
the New York and Boston associations.
purchased the old business formerly con-
They are in close touch with each other, traveling expenses. If he has a business ducted by Prince & Son, will incorporate
and on some subjects they are entirely in proposition he presents it in a business man- the Milton Piano Co., instead of the Dun-
accord. The change of the name of the ner, but does not start a begging subscrip- ham Piano Co., as stated last week.
New York association proved conclusively tion fund in order to pay his touring ex-
that its members are desirous of broaden- penses. But then there are others who
subsist chiefly on the generosity and sus- An Oasis in the Financial Desert.
ing its scope.
ceptibility of the trade to accede to their
THE REVIEW convened in 1889 the first
E are glad to note one oasis in the
importunate demands.
trade meeting which occurred in this city,
financial desert, says the New York
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which resulted in the formation of the
" Independent," and it is this: The old-
Piano and Organ Manufacturers' Associa-
"Our Specialty Talk," with Mr. Win. F. established house of Hallet & Davis Piano
tion of America. We advocated at that Boothe, which appears in another part of Co., of Boston, which suspended a few
time the formation of a National Music this issue, is perhaps one of the most re- weeks ago, has made a settlement of one
hundred cents on the dollar: and its fac-
Trade Association. For a time this be- markable interviews, in many respects, tory, which gives employment to about
came side-tracked, but the association idea which have appeared in a trade publication. three hundred hands, will start at once on
is now gaining strength with each month.
We are frank to admit that when we pro- full time.
dealers, willingly or not, to get nearer than
ever to a cash basis.
It may be that with the restoration of
old-time prosperity and confidence this
change would disappear. Perhaps. Yet
it seems to us that inasmuch as it is a more
profitable, a safer and healthier mode of
conducting business, and in fact the prin-
ciple that lies at the bottom of sound trad-
ing, it will obtain with the thinking, pro-
gressive men who constitute the grand
army of dealers.
Frequent and limited purchase is in the
direction of business uniformity and steadi-
ness as opposed to the spasmodic oscilla-
tions between activity and dullness. In a
measure it diminishes the exceptional de-
mand for money at stated seasons, and tends
to a more stable and prosperous condition
of business.
While this change in buying methods,
such as we have indicated, would apply at
first to manufacturers engaged in the
general line of wares in which novelty or
changes in style count to a large degree,
yet were it to result in better and safer con-
ditions, it could not fail to influence and
dominate—perhaps in time transform—the
present system, which, judging from the
number of failures and other evidences of
faulty methods which have come to notice
from time to time, would not be an un-
mixed evil.
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