Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
VOL.
XXVI.
No. 16.
What Receiver Mills Says.
LEADING PAPERS AND PUBLIC MEN WRITE
EXPRESSING SORROW AT THE EMBARRASS-
MENT OF ALFRED DOLGE & SON.
The papers in the northern part of the
State have contained lengthy notices on the
Dolge failure couched in a sympathetic vein.
The following editorial is from the Utica
Daily Press:
"Scarcely any other business failure would
have occasioned more surprise than that of
Alfred Dolge, which occurred yesterday.
In his embarrassment he will have the sym-
pathy of central New Yorkers to a large
degree. He came to the little village of
Brockett's Bridge and made a busy place of
it, erecting large manufactories, employing
many men and carrying on an immense
business, the benefits of which were enjoyed
in this city and up and down the Mohawk
valley. The reasons assigned are such as
might happen to any large concern, and the
hope is confidently expressed that before
long the establishment will be able to
emerge from its present predicament and
continue as before. It is one of the great
industries of central New York, and its per-
manent suspension would be a serious loss
to a community extending far beyond the
boundaries of Dolgeville."
Hon. A. M. Mills, the receiver, said Mon-
day afternoon: "Mr. Dolge's failure is due
to the uncertainty in the money market, due
to the Spanish-American agitation, which
made it impossible for him to secure the
ready money with which to meet the
$200,000 in notes due April ist and May ist.
The application for the appointment of a
receiver was made in order that all cred-
itors might be protected alike. No esti-
mates can be given at present. The fac-
tory closes to-night and an inventory will
be taken at once. I understand that the
books and accounts are all in good condi-
tion. The hope is that the mills will con-
tinue to be operated. They have been
doing a good business and the product is
in good demand. The business of Alfred
Dolge & Son for the month of March last
was about $80,000. The mills are there in
good condition and Dolgeville will not be
swept out of existence. The enormous busi-
ness of the firm made it necessary for it
to issue a large number of notes, which
have always been readily accepted at the
banks and have always sold well among
the brokers. Mr. Dolge has done a re-
markable business, and could he have had
about two or three years more without en-
Saturlay at 3 East Foufteentb Street Mew York, April 16,1898.
countering such a stringency in the mar-
ket, would have succeeded in realizing fully
the plans which he has to a certain extent
carried out."
A warm personal friend of Mr. Dolge in
the upper part of the State said: A host of
friends in the vicinity of Little Falls and
Dolgeville sympathize with Mr. Dolge in his
misfortune, and all realize that he has been
a hard-working, industrious man, striving to
accomplish success in all his business-affairs.
The hope is indulged that as soon as the
actual situation is revealed by the inventory
some plan will be formulated whereby the
industries at Dolgeville can be kept alive.
His indebtedness in this vicinity, it is be-
lieved, is reasonably secure, and it is
thought that the dividends which the re-
ceivers will be able to make will prevent
any loss to parties here.
Behr Bros. & Co.
Since the advent of the new firm, noted
in the last issue of The Review, there has
been a complete readjustment of stock and
appliances at the factory of Behr Bros.
All instruments not included in this year's
catalogue have been put into shape, bright-
ened up and placed in the hands of a local
firm of auctioneers for prompt disposal, thus
making room for new stock. They include
thirty-one instruments which, ordinarily,
would be placed on sale at retail warerooms,
but as Behr Bros, are now principally en-
gaged in wholesale business, no local retail
warerooms are maintained by the firm.
Business is reported as active in several
sections and fairly active in others. Con-
cerning the news given in the last issue of
The Review as to change of administra-
tion, it may be well to add that the old cor-
poration, which the new firm has succeeded,
is now in course of liquidation.
Busy at the Sterling Factory.
*2.oo PER YEAR.
SINGLE COPIES, 10 CENTS.
Appointment of a Referee.
[Special to The Review.]
Albany, N. Y., April 13, 1898.
Upon the petition of Edward N. McKin-
ney, the receiver of the Marshal & Wendell
Piaooforte Manufacturing Co., for the ap-
pointment of a referee, Justice Edwards has
made an order appointing William P.Rudd.
The referee will determine the advisability
of selling all the assets of said corporation
in bulk, and not by piecemeal.
Henry Spies Returns
FROM
HIS
EXTENDED JOURNEYINGS—REPORTS
SUCCESSFUL TRIP.
A
Henry Spies of the " Majestic " piano, re-
turned on Thursday from a lengthy tour.
He has been much benefited personally by
change of air and of climate, and has found
opportunity to advance the popularity of
the " Majestic " at many important stopping
places in the several States visited.
The business of the firm is advancing
with leaps and bounds. Even during the
temporary check on business experienced
by all firms during the past two weeks, ord-
ers for " Majesties " have arrived with pleas-
ing regularity and persistence. In many in-
stances since his departure, Mr. Spies has
secured desirable converts and " Majestic "
recruits.
Haines Bros. Busy.
At the Haines Bros, (incorp.) factory this
week the report is very encouraging. " I
am glad to be able to report," said Mr.
Will P. Haines, replying to a question
by The Review, ''that our most expensive
styles are in such good demand sev-
eral important orders have yet to be
completed. Orders for the other styles are
not so much called for just now. We have
no complaints to make concerning the pres-
ent order list."
[Special to the Review.]
Derby, Conn., April 11, 1898.
Some.of the departments of the Sterling
piano factory are running evenings in order
to keep up with the other departments.
The entire piano plant is running full time
with a full complement of men, but in some
of the departments the room is crowded and
more men cannot be employed. Conse-
quently these are running overtime.
William Odenbredt, piano tuner, is now
connected with Mr. Edmund Gram, Milwau-
kee, Wis.
Chase Bros. New Quarters.
Chase Bros, have leased the first floor and
basement at No. 259 Wabash avenue, as pre-
dicted in last week's issue.
These are the rooms formerly occupied by
William Carpenter Camp.
The lease is for two years, with option for
a longer time.—Chicago Musical Times.
W. C. Taylor, of Taylor's Music House,
Springfield, Mass., was in town this week.