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THE MUSIC TRADE REVIEW
says, there are things perhaps 'twere better
not to dwell on.
For ourselves—trade journalism is, of a
truth, too closely interwoven with the trade
not to immediately feel the results of a
business depression. We believe in stating
things precisely as they are. Too much
elongation of the truth causes one's utter-
ances to sink into disrepute, and the frank-
ness and sincerity of THE REVIEW utter-
ances have been instrumental in creating
its success.
During the past year we held a magnifi-
cent, regular patronage, but our special
work was not up to previous years, and, to
be honest, who could conscientiously solicit
or expect big specials when the trade itself
was prostrate! One matter, however, Jn
which we take a journalistic pride, and
that, notwithstanding the depression of the
times, we have steadily improved our ser-
vice and perfected the far reaching machi-
nery of THE REVIEW. To-day, our news
service is unexcelled and THE REVIEW not
alone reaches all parts of the North Ameri-
can continent, including United States,
Mexico and Canada, but European countries
as well. Our trade directory, too, seems
to have met with trade approval.
in South America will entirely depend up-
Smith & Nixon Affairs.
on the condition of his health. He has
COMPLETE THEIR WORK BIG DIS-
done some prodigious work in behalf of EXPERTS
CREPANCY BETWEEN ASSETS AND LIABILI-
the autoharp, and a respite from his duties
TIES.
will unquestionably be . beneficial to his
HE first act in winding up the big
health.
assignment of the Smith & Nixon
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Piano Co., which occurred on April 22d
"He's hit mighty hard, the steady blows last, was completed Dec. 26th when the
expert accountants who had been at work
that you have been striking at mendicant
on the books of the concern for the past six
journalism have been home thrusts," said months made their report.
a well-known member of the trade after
The fact that expert accountants were
his attention had been called to a violent employed to examine the books of the de-
personal attack upon the editor of THE funct company has never been made public
REVIEW. He was correct, the wounded before.
The assets of the assigned concern were
vulture flutters and rushes hither and
reported to the Court as $183,716.52, and
thither seeking to escape the prods of our the liabilities as $664,684.92.
free lance. The fact is, we are giving the
The great difference between the assets,
mendicant editor a hard fight for existence. and liabilities, it is said, led the creditors
We are fighting for a principle. We claim to suspect that all the assets had not been
that when journalism has reached the point reported, and they held a meeting to take
some action to consider the matter. A
when it is simply dependent upon the
committee was appointed to investigate,
ablity of a man to carry on successful men- and this committee employed two expert
dicancy and intrigue, that it is quite time accountants to examine all the books of the
the trade should be aroused to the point of Smith & Nixon Co. This great piece of
accounting work has just been completed
lifting it from that mire.
There is humor in the statement that a and the report of the experts was submitted
to the members of the creditors' committee
paper is influential and all that, and at Saturday. The findings are reported to be
the same time be always begging for funds. very sensational, but the members of the
Perhaps some of our friends who are well committee refuse to tell what they are.
An irrefutable argument that can be
The experts in the case were Basil W.
versed in sesquipedalian terminolog}' can
made in favor of the rising tide of REVIEW
Nye,
the official examiner of the City Audi-
explain it. The platform that we propose
popularity is that in this, the first issue for
tor's
office,
and his partner, Thos. ]. Kerr,
to stand for for 1897 is below. It is our
both of whom are recognized as men of
the year, appear the advertisements of
old one.
eminent ability in their profession. Neither
Stultz & Bauer, Hammacher, Schlemmer&
of them would say anything about their
No trade-paper bulldozing.
Co., Paul G. Mehlin & Sons, C. F. Goepel
report, as they could not do so without be-
& Co, Homer D. Bronson Co., John C.
No advertising payments in traying the confidence of the men who em-
Haynes & Co, Ludwig & Co. and the Arm-
ployed them.
advance.
strong Co.
A member of the defunct firm made a
No monetary loans to support statement to a newspaper reporter in
All new advertisers who show their ap-
regard to the examination of the books by
preciation of our methods by coming under newspaper mendicancy.
the experts. He said that an attorney and
our banner for 1897.
THE REVIEW proposes not only to stand expert accountant had been employed by
THE REVIEW is not only true to its sup-
on that platform, but we intend to do some the Steinways, who are among the heaviest
porters in that it gives them great big active work in its support.
creditors. He gave it as his opinion that
value for the money, but it looks loyally
The fight is on and personal abuse, their reason for asking to inspect the books
after their interests, whether in Maine, splenetic mouthings and jealous attacks was that they suspected that all of the as-
sets of the firm had not been turned over
California, Mexico or Minnesota.
shall not deter us from giving the lance an to the assignee, and that the inspection
THE REVIEW is clean, forceful, healthy.
extra twist, now that the cuirass of our was, in fact, a search for more assets.
Excellent reasons why it is a powerful enemy is found to be so vulnerable.
"You need not look for anything sensa-
newspaper property.
tional
in the experts' report," said he, "for
Will you contribute to the touring ex-
there
is
nothing to be found. The firm
penses of the mendicant editor, or will you
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turned over absolutely everything that they
refuse to disgorge to his impecunious de-
owned to the assignee, Mr. D. D. Wood-
Rudolf Dolge, acting under the advice
mands, thereby striking a killing blow at mansee."
of his physician, will sojourn a while in
the very citadel of unclean journalism?
Spanish America. He will sail for Caracas,
Shall trade journalism be prostrated at
"Capen" Styles.
Venezuela, on the steamer "Philadelphia"
the
will
of
a
soulless
knave,
or
shall
it
be
on the 17th inst.
HE new style Capen pianos, which have
elevated to a platform of dignity and in-
Mr. Dolge, aside from supervising the
been recently placed on the market by
dependence?
the Brockport Piano Co., Brockport, N. Y.,
rapidly growing autoharp business in the
Under which flag?
are going to give some of the older pianos
countries which lie south of us, will also
a pretty close run for place during the year
What say you, messieurs?
look after the interests of the National As-
just opened. They are not only artistic
and attractive in appearance, but they are
sociation of Manufacturers, he being a
well made, and splendid value for the
member of the general committee of that
W. H. GRUBBS, the Columbus, O., dealer, money. Dealers who are handling the new
organization.
has adjusted his affairs and resumed busi- pianos are quite "taken" with them. Have
The time which Mr. Dolge will remain ness.
you seen the new style "K"?
T
T