Music Trade Review

Issue: 1897 Vol. 24 N. 24

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
ity, inability and indifference to the wants
—the needs—the necessities—of the people,
has reigned so long. Unless we can arouse
our servants in Congress to a position
where they realize fully the real needs of
the people, then the case of Wilcox & White
L\MAN
will be oft repeated in this country.
Editor and Proprietor.
Bankers seem to look upon every busi-
PUBLISHED EVERY SATURDAY
ness institution with more than a modicum
3 East 14th St.. New York
of distrust, and no matter what amount of
security a man may offer for a loan it is
SUBSCRIPTION (Including postage) United States and
Canada, $3-00 per year; Foreign Countries, $4.00.
oftentimes difficult to obtain a reasonable
ADVERTISEMENTS, $2.00 per inch, single column, per
Insertion. On quarterly or yearly contracts a special dis-
loan on fair time and rate. Money is not
count i% allowed.
REMITTANCES, In other than currency form, should
everything, and it should not be the god
%9 made payabltt to Edward Lyman BilL
before which we all have to prostrate
Bnitrtd mt ths Nmu Y»rk Post Offict as Second- Class Mmtttr.
ourselves in order to keep our crafts afloat.
NEW YORK, JUNE 12, 1897.
Property should have consideration, and
men who have worked their affairs to a
TELEPHONE NUMBER 1745. — EIGHTEENTH STREET.
point where they can show good available
THE KEYNOTE.
The first week of each month, The Review assets, where they can show a good paying
will contain a supplement embodying the liter- business and a constantly expanding trade,
ary and musical features which have heretofore should not be turned down by the men
appeared in The Keynote. This amalgamation
will be effected without in any way trespassing who sit in charge of the money vaults of
on our regular news service. The Review will our great banking institutions. They are
continue to remain, as before, essentially a trade
not the lords of creation to strangle and
paper.
throttle trade at will.
THE TRADE DIRECTORY.
The Trade Directory, which is a feature of
The Review each month, is complete. In it ap-
pears the names and addresses of all firms en-
gaged in the manufacture of musical instruments
and the allied trades. The Review is sent to
the United States Consulates throughout the
world, and is on file in the reading rooms of the
principal hotels in America.
THE CAUSE OF FINANCIAL TROUBLES.
HE announcement of the failure of the
Wilcox & White Organ Co., Meriden,
Conn., will be received with general regret
by the trade.
The business career of the concern has
always been characterised by honorable
business dealings and upright methods. Its
active members have won the respect and
friendship of the trade in all sections of the
country. It is to be hoped that the busi-
ness misfortune which has overtaken them
will but temporarily hamper their efforts.
The failure of this concern is due largely
to the lack of confidence which has prevailed
for such an extended period in this coun-
try. It is much to be deplored that such
concerns as Wilcox & White, whose mag-
nificent assets, with a good business, well
established trade, with active members who
are originators and inventors, should be
forced into financial difficulties by reason
of their inability to raise a specified amount
of money at a given time.
The tightening clutch which bankers
hold upon their property is steadily forcing
many gpod and solvent firms to the wall.
The lack of confidence in everything which
seems to have permeated this broad land
has its inception really at the fountain head
of our national government, where inactiv-
T
What, after all, is their money but mer-
chandise? They should deal in moneys
the same as manufacturers deal in their
wares. Money is only the oil of the
machinery of industry, and if we stop the
use of the lubricator the wheels grow creaky
and after awhile cease to revolve.
Again, the policy of our moneyed institu-
tions is suicidal, because by their failing to
grant loans and discounts to reputable,
honorable, deserving concerns, they choke
the life blood not only out of the in-
dustry of the country, but from their own
bodies as well, for the gold that stagnates
in their own vaults brings them nothing.
Money is only performing its proper func-
tions when in motion, and earning money.
When it stagnates it ceases to become a
value. In motion it is the lubricator
of trade.
Bankers by their parsimonious course
are adding fuel to the fires of Bryanism,
because by their action trade life becomes
stilled and men who in ordinary times are
peace loving, law abiding citizens become
sour, morose, discontented, and their
hearts become the most fertile spots in
which to sow the seeds of anarchy.
In this trade, and in all other trades,
here are to-day manufacturers who stand
in need of ready funds: they have assets
in plenty; their business affairs are in ex-
cellent condition, perfectly healthy, all the
useless appendages have been lopped off,
and still bank officials look frowningly
down upon them when they ask not what
should be considered a favor to them but a
favor to the banks, because the bank has
ample security for the loan asked, as good
as anything can be, and what do they do?
Refuse, while their vaults are bursting
with idle dollars.
One thing is certain, unless the people
of this country and their servants in con-
gress recognize the fact that confidence
must be speedily restored, in order that
this may again become a prosperous nation,
we shall be face to face with conditions
more bitter than those through which we
have passed.
No nation on earth can prosper when its
disbursements are greater than its receipts.
Neither can it move ahead industrially
when it is continually undergoing a politi-
cal juggling with its tariff laws. With such
conditions the business man has nothing
upon which he may rely with a degree of
certainty for his future operations. The
whole thing is speculative, and the result,
men cannot proceed with their plans and
endeavors as if they were assured of cer-
tain clearly defined political laws govern-
ing them.
America has undergone many trials, but
none which has affected her more seriously
than this damnable political jugglery which
is going on. It plunges the stiletto of
despair directly to the heart of industry.
Banks' keenly sensitive to the political
influences of the times, add their generous
quota to the depression by refusing to
grant reasonable accommodations to per-
fectly solvent institutions, from which
in good times they would only be too glad
to receive commercial paper.
There is no use of mincing this matter.
Neither is there wisdom in glossing it over
with any superficial lustre. The facts are
before us, and while we believe in the
main in eschewing pessimism, yet there
are times when one feels forced to speak out
truthfully just exactly the thoughts which
lie deep in the heart.
The visit of the South American mer-
chants to this city this week marks another
step in the development of more extensive
commercial relations between the northern
and southern divisions of the Western
Hemisphere. It will not only enlarge
acquaintance and strengthen good feeling,
but the delegates will learn how capable
and thoroughly equipped we are to cater
to the wants of their people.
One of the most practical and effective
plans of bringing our products to the at-
tention of the people of the vSonth is that
just adopted in Venezuela, where, thanksto
the personal efforts of Mr. Rudolf Dolge,
backed by the go-ahead policy of the
National Association of Manufacturers and
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
the liberality of the Government of that
Steinway with Lertz.
country, a sample warehouse has been open-
LERTZ & SON, THE WELL-KNOWN BALTI-
ed in Caracas, as a permanent exhibition of R. MORE
DEALERS, SECURE THE STEINWAY
specimens of the output of the United
AGENCY FOR THAT CITY—A SUPERB
STOCK ALREADY ORDERED—THE
States.
LERTZ CONCERN ARE MAKING
The building is an imposing one, and
EXTENSIVE IMPROVEMENTS
IN THEIR NEW BUILDING.
located in one of the most prominent cen-
ters in the city of Caracas. Such a build-
It has been the subject of some comment
ing in every Southern country would do
in the trade since the failure of Otto Sutro
wonders for the foreign trade of this & Co. last week, as to where the Steinway
nation.
agency would be placed in Baltimore. AH
The merchants of the United States have speculation may now cease.
R. Lertz & Son have secured the agency
reason to feel grateful to Mr. Dolge for the
for
the Steinway piano for Baltimore and
splendid work which he has accomplished
vicinity. Alfred Lertz, popularly known
during his stay in Caracas. It means the as " Al," has been in town this week and
placing of millions of dollars in this coun- has selected a stock of over thirty Steinway
try which otherwise might be spent abroad. pianos, to be shipped to his establishment.
This will be the largest single shipment of
Supplied Defective Piano Cases. Steinway pianos ever made to Baltimore.
When we saw Mr. Lertz in Steinway Hall,
SO IT IS ALLEGED BY THE KRELL PIANO CO.,
yesterday, he was feeling enthusiastic over
WHO ARE FIGHTING A SUIT FOR $2,OO0.
the Steinway piano. He said: " It has
been
the aim of my life to handle the
A jury in the New York City Court,
Steinway,
and I never should have felt
Part II., were called upon this week to
satisfied
unless
I had gotten the agency. I
decide by actual examination upon the
feel
that
in
our
new establishment we can
merits of piano cases supplied to the Krell
give
it,
in
the
truest
sense, a representation
Piano Co. of Cincinnati. It appears that
such
as
should
be
accorded
to that noble
the Krell Co. purchased cases to the value
instrument.
of $3,000 from Rice & Holden. When
"Our establishment is undergoing exten-
the time came to use the cases, the Krell
sive
alterations; we are expending a great
Co. allege, it was discovered that the
deal
of money in fitting up the place as it
agreement to furnish cases of thoroughly
should
be. We will have the entire build-
seasoned wood had not been lived up
ing,
as
you know. In addition to our
to. For this reason, a settlement of the
former
store,
we have the large building
accounts was postponed. Part of the
where
the
establishment
of Herman Day &
amount was paid, it is stated—about one
Co.
formerly
was
located.
This gives us
third of the total. Rice & Holden in
a
frontage
of
forty-two
feet
on North
course of time assigned their alleged claim
Charles
street,
four
stories
in
height
and
to Stephen G. Patterson and he sued the
basement.
Every
one
of
the
four
floors
Krell Co.
will be devoted entirely to wareroom pur-
The defendants, placed on the aggressive, poses. There will be no shop on any floor.
made a counter-claim for $3,000, declaring It will be completed by July 1; superbly
that Rice & Holden, by supplyingdefective decorated, fitted with electric lights, elec-
wood for the cases, had caused them to tric elevator; everything up-to-date down
suffer loss. Allowances, they allege, had to the minutest detail.
to be made to customers in consequence of
"Yes, I am naturally enthusiastic over
defective wood used in constructing instru-
securing
the Steinway agency, and I pro-
ments. To illustrate, practically, the
pose
to
show
the good people of Baltimore
alleged breach of contract and consequent
the
finest
musical
establishment that city
damage, a Krell piano in a case made by
has
ever
seen."
Rice & Holden was brought into court.
Mr. Lertz has carefully selected his en-
The presiding justice, Conlan, hesitated
tire
stock, which will go forward in a few
about admitting it as evidence, but finally
days.
He left yesterday on the afternoon
allowed it to be produced.
train returning to Baltimore.
At the time of going to press, the judge's
The firm of R. Lertz & Son was estab-
decision in the foregoing case has not been
lished in Baltimore in 1877, and has shown a
rendered.
steady growth, in fact a healthy expansion
of trade since its inception.
Argued To-day.
The argument in the case of Rochester
parties against the Secretary of State.
Haines Bros, incorporated, opposing, will
be heard to-day in the special term of the
Supreme Court at Albany.
Charles F. Hanson, the Sohmer repre-
sentative at Boston, Mass., was in town
this week, and selected a choice stock of
Sohmer uprights for the warerooms at Bos-
ton and Worcester.
Otto Sutro «& Co.'s Failure.
[Special to The Review.]
Baltimore, Md., June 9, US97.
The amount of assets and liabilities of
Otto Sutro & Co., who assigned for the
benefit of their creditors to Frank P.
Clark, has not yet been filed, but judging
from the bond, which is fixed at $100,000,
the assets approximate $50,000. The as-
signment was hardly a surprise; business
has not prospered since the death of the
founder, Otto Sutro, two years ago. Ow-
ing to his connection with prominent
musical affairs in this city he was in
command of a splendid trade. Mrs. Sutro
who is the largest stockholder and her two
daughters are at present in London, where
the latter are appearing in concert.
41
Alouette."
"Alouette" is the title of a new and at-
tractive piano composition in the idealistic
dance form. The composer, Adeline
Frances Fitz, has classed it in that peculiar
genre known as the "Skirt Dance," which
its graceful movement suggests. The
famous Seventh Regiment Band of New
York and Missud's Salem Cadet Band have
both placed it on the list of their regular
concert pieces for this season and thus the
public will have frequent opportunities to
hear it. Published by White-Smith Music
Publishing Co., Boston, New York and
Chicago.
Central Park Concerts.
Bandmaster Neyer has arranged a very
attractive program for the Fifth Concert
in Central Park this Saturday afternoon
(June 12th). Among the musical selections
to be performed for the first time is a new
composition "In Commemoration of the
Sixtieth Year of her Majesty's Reign,"
entitled: Grand Descriptive Fantasia—
"The Diamond Jubilee" by J. A. Kappoy.
To Extend Our Commerce.
The International Commercial Congress
which was formally opened last week
by President McKinley in Philadelphia, is
an event of the utmost importance to the
interests of this country.
About three hundred and fifty delegates
were present, representing commercial and
industrial bodies in all sections of the
United States and foreign countries. The
addresses delivered and the topics treated
of, prove clearly that American manufac-
turers are realizing that if we are to attain
further power as a great commercial nation,
certain changes of policy are to be inaug-
Praise for Mason & liamlin.
urated, not alone in our federal laws, but
in the antiquated plans of securing trade
Reports have just arrived from the Cen-
now in vogue.
tral American Exposition now being held
at Guatemala to the effect that the Mason
& Hamlin exhibit, consisting of five pianos
Henry G. Ritzheimer died last Tuesday
and four organs, is one of the finest and morning, at his home, 155 Wyckoff street,
most conspicuous exhibits in the main Brooklyn. The deceased was thirty-five
building, eliciting warm approbation from years old, and was for many years junior
officials and visitors alike. The exposition member of the piano firm of Goetz & Co.,
opened on May 8, and is still in progress. of Court street that city.

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