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I NEW TO
T, IJBRAH?
RETI
VOL XXIV.
No. 22.
Published Every Saturday, i t 3 East Fourteenth Street.
First Blood for Gorham.
[Special to The Review.]
Worcester, Mass., May 26, 1897.
In the suit brought by the Mount Mor-
ris Bank, New York, against C. L. Gorham
& Co. to recover moneys advanced on notes
drawn by Mr. Gorham's manager, Mr.
Charles H. Williams, the defendant came
out a winner yesterday.
There was an understanding between
counsel at the trial that either way the
verdict was given, an appeal to the su-
perior court would be taken, and the appeal
will without a doubt be entered within
three days.
In his ruling the judge stated that sup-
posing Williams had authority to accept
drafts in payment of goods delivered, had
he also authority to accept accommodation
drafts? Apparently not; yet commercial
law says that if a bank holds drafts in good
faith that it has reason to believe were
given for goods received, and some of
these drafts turn out to be accommodation
paper, then the firm can be held, even
though the agent has exceeded his author-
ity.
The court declared further that Wil-
liams' authority to bind the firm cannot be
inferred alone from the nature of the busi-
ness. There must be other confirmatory
evidence. Furthermore, the authority of
an agent as it appears to the world in his
dealings with business men, cannot be af-
fected by any secret instructions from the
principal. If, previous to the issue of the
power of attorney of Jan. 6, 1896, Wil-
liams, with Gorham's knowledge, had been
dealing with the banks and getting paper
from them, then on the issue of that power
of attorney restricting Williams' authority,
it was Gorham's duty to notify the banks,
otherwise his responsibility continued.
In case the bank is to recover, it is en-
titled to interest from the date of the ma-
turity of the drafts to the date of the ver-
dict. Miss Gorham, being in partnership
with her brother, shares in the responsibil-
ity.
The result has occasioned no special sur-
prise here as many have believed that Mr.
Gorham would win on this particular suit.
It should be understood that the result of
this suit does not in any way affect the le-
gal status of the remaining notes signed by
Williams. Of course the holders of these
notes may doubt the possibility of secur-
New York, May 29,1897.
Si.oe PER YEAR
SINGLE COPIES, IO CENTS
orders for twenty-seven instruments to go
South and Southwest. And this is not ex-
traordinary but typical of the general con-
dition of business with them during the
month. The factory is now running regu-
larly twelve and a half hours a day in
order to keep up with orders. This looks
like business.
The success of the Ann Arbor Co. is
due first, to the excellence of the instru-
ments which they are manufacturing, and
next to the vigorous policy of manager
Handerson, who is successfully campaign-
ing
the country in the interest of his house.
Piano and Organ Tax.
His recent work in Northwestern Michigan
DEALERS MUST PAY A LICENSE TAX OF $ I O and adjoining States has been prolific of
ON EACH STYLE OF INSTRUMENT SOLD.
splendid results.
As announced in The Review a few
[Special to The Review.]
weeks
ago, a branch store has been estab-
Raleigh, N. C , May 25, 1897.
lished
at Menominee, and while there last
State Treasurer Worth yesterday sent out
week
Mr.
Henderson succeeded in dispos-
a circular letter to all dealers in pianos and
organs in the State to the following effect: ing of eight pianos and six organs at retail.
The Ann Arbor Organ Co. are at present
"Nearly all licenses issued to dealers in
pianos and organs under the laws of 1893 at work on a number of new style organs
and 1895 have expired, and but few have which with the Henderson piano—which
renewed. Under the new law (of 1897), is winning friends every day—give them a
so far, but few licenses have been issued. winning team of instruments that dealers
This is to respectfully remind all dealers in can handle with pleasure and profit.
pianos and organs in this State,that section
Fire in Mankato, Minn.
26 of the Revenue Act of 1897 imposes a
[Special to The Review.]
license tax of ten dollars on each style of
Mankato, Minn., May 23, 1897.
instrument sold or offered for sale in the
L. Paterson & Co.'s wholesale grocery
State, and makes it a misdemeanor to sell
or offer for sale any such instruments with- house, which is located next to Geo. O.
out license, and imposes a fine of $100, a Owens' music store, was destroyed by fire
penalty of $200 besides a term of impris- yesterday morning. The falling walls
ment not to exceed thirty days, for viola- crushed through Mr. Owens' building and
tion of the law. Please send in at once the the stock was badly damaged in this way
name by which each separate style or class and also by water. The origin of the fire
is designated, with ten dollars for each. is unknown, and many believe it to be the
Also give the name and address of dealer work of fire bugs. Mr. Owens' loss is fair-
or agent in whose name the license is to ly covered by insurance.
be issued, and the license will be forwarded
Fire at the Weser Warerooms.
at once."
A fire occurred last Sunday morning in
the
five story building, 149 West Twenty-
Busy Ann Arbor Co.
third street, wherein is located Weser Bros,
Cheering news comes to us from the Ann piano warerooms. The upper part of the
Arbor Organ Co., Ann Arbor, Mich.,— structure was occupied by a party who let
particularly cheering when there is such out furnished rooms, and the fire occurred
an epidemic of complaints about business. in these quarters. Two lives were lost and
In a recent communication they state that several parties had narrow escapes from
last month was one of the largest months death. The fire, however, was confined to
in shipping outputs that the company have the upper part of the building, and the only
ever experienced.
loss sustained by Weser Bros., who occu-
That this bright condition of things is pied the entire second floor, was through
being continued into May is evident from water, about twenty-five instruments being
the fact that last Friday they received badly damaged.
ing justice in Worcester, where the feeling
is strong in favor of Mr. Gorham. Yet it
is believed that in the later trials it will be
shown that some of the proceeds of the
notes given did enter into the posses-
sion of Mr. Gorham and that Mr. Gorham
was personally cognizant of the transac-
tions.
Again there is an innocent third party,
the party purchasing or discounting these
notes. The feeling here is that there will be
interesting developments in the next trial.