Music Trade Review

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THE MUSIC TRADE REVIEW
Here is a list of the firms now repre-
senting M. J. Paillard & Co. in their own
cities, Kohler & Chase also including the
Pacific Coast in their San Francisco ter-
ritory.
Kohler & Chase, San Francisco; D. O.
Calder's Sons, Salt Lake ; Knight -
Campbell Co., Denver; H. Hardy Co.,
Omaha; Carl Hoffman, Kansas City; E.
Jaccard Jly. Co., St. Louis; John Church
Co., Cincinnati; Chas. Mayer & Co.,
Indianapolis; Detmer Music House, Chi-
cago; Meinecke Toy Co., Milwaukee; F.
J. Schwankovsky, Detroit;
Burrows
Bros. Co., Cleveland; Denton, Cottier &
Daniels, Buffalo; Blasius & Sons, Phila-
delphia.
Before leaving, The Review learned
from Mr. Paillard that he regretted his
inability to visit many other important
places. "We are now busy arranging
with those in a number of other cities who
are desirous of representing us. It is our
desire to have a complete circuit of repre-
sentation among the best and most influ-
ential houses in the United States and
Canada.
"We are ready to do business with one
energetic, live, enterprising and responsi-
ble house in every city, and will promptly
answer all inquiries. Our arrangements
as to territory are liberal, and our terms
will be satisfactory to the right parties."
flusic Teachers' Convention.
INTERESTING
FEATURES
OF THE COMING
MEETING AT THE WALDORF-ASTORIA.
The program for the annual convention
of the Music Teachers' National Associa-
tion, to be held at the Waldorf-Astoria
from June 23d to 27th, is to have some fea-
tures that will be as 1 attractive to the pa-
trons of the musical arts as well as the
persons interested in the musical profes-
sions. In a composers' concert on the
afternoon of June 24th, the best known
song writers of America will appear as
accompanists of their own works for fa-
vorite singers.
Arthur Foote, Clayton
Johns, Charles B. Hawley, Harry Rowe
Shelley, Henry Holden Huss, Homer N.
Bartlett and C. Whitney Coombs and
others will take part.
On the evening of the same day Horatio
W. Parker will conduct a new overture by
him, and W. W. Gilchrist will conduct his
new symphony in C, which has not been
heard in this city.
An especially interesting event for Fri-
day afternoon is to be a symposium on
church music, with illustrations by boy
and mixed choirs.
The famous Liederkrantz Society of one
hundred voices, is to give a concert on the
evening of June 25th, and on the evening
of June 27th, the oratorio of St. Paul is to
be rendered with a full orchestra, chorus
of 250 voices and soloists.
In addition to these attractions William
J. Henderson will deliver a lecture recital,
with the assistance of a full orchestra, un-
der Sam Franko. Gertrude May Stein will
sing the Wagner cyclus of songs in con-
nection with the Liederkrantz concert.
Special musical services are to be given
in many of the churches on Sunday, June
26th.
Favoring a National Bankruptcy Law.
ASSOCIATIONS ALL OVER AMERICA ARE NOW TAKING UP THIS IMPORTANT MATTER AND URGING
UPON CONGRESS THE NECESSITY OF ACTION THE BUSINESS MAN IN POLITICS.
The National Piano Manufacturers' As-
sociation has gone on record as favoring
a national bankruptcy law. This is un-
questionably a move in the right direc-
tion, and organizations all over America
are engaged in bringing all things possi-
ble to bear upon their representatives in
Congress. Among other things bearing
upon national bankruptcy legislation
Thomas Davis said before the Chicago
Credit Man's Association:
The creditors of the country have a
right to have a bankruptcy law enacted
which will accomplish in their behalf two
results: First, protection against the
wrong-doing of dishonest debtors; and
second, secure them in the exercise of
their equitable rights as between them-
selves.
There are a certain class of merchants
who say that they do not want such a law
to protect them against the frauds of their
debtors. Why this is true is understood
by those of us who have suffered from the
participation by such creditors in the
frauds of their debtors as against other
creditors. In other words, the position of
such creditors is that they can thrive, in a
financial sense, by participating with fraud-
ulent schemes as against honest men.
We, therefore, who believe in the laws
of right instead of the opportunities for
wrong-doing, demand relief from the
frauds of debtors and their allies, the
fraudulent creditor.
Under most of the state laws as at pres-
ent in force there is no such thing as
deliberation with reference to proceedings
by creditors against their debtor. If one
creditor even suspects that the debtor is
in failing circumstances, or is contem-
plating the commission of fraud, he must,
with haste, levy an attachment lest some
other creditor shall do so and leave him
entirely without recourse. Every man in
btisiness knows that this imminent danger
to which all creditors are constantly sub-
jected frequently results in the financial
destruction of good, honest debtors, whose
financial existence ought to be perpetuated
for their own good, for the good of the
communities in which they reside and for
the best interest of the creditors.
The result of precipitate action by cred-
itors against a debtor always leads to one
end—irreparable harm to the debtor and
the payment of the claims of creditors not
in accordance with their rights, but in ac-
cordance with the dates upon which they
have hastily entered suit. Can, therefore,
any reasonable man object to the enact-
ment of a law under which such calamities
to debtors and creditors will be reduced to
a minimum ?
The costs which are incurred by cred-
itors in useless strife would, if saved, as
they ought to be, result in the payment of
large instead of small dividends, or in the
payment of small dividends where none
are now realized.
Creditors as a class are not interested in
financially wrecking their debtors, but are
interested in upholding them; this is true
because it is through the continued pros-
perity of their debtors that they, the cred-
itors, thrive. They, therefore, are inter-
ested in acting conservatively in avoiding
strife, and in the event failure proves
inevitable, in securing as large a dividend
as possible.
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One of the most destructive elements in
connection with bad claims is that of de-
lay. Insolvent estates for the most part
are now administered in courts which are
in session only a very short time in the
course of a year, and are in vacation the
rest of the time. The result is inevitable
and unnecessary delays both in the admin-
istrations of such estates and in the litiga-
tion incident thereto.
As to the percentage received by credit-
ors in general against the estate of their
dishonest debtors it may be said that they
are represented in the main by zero; but
it is confidently anticipated that under
the provision of a wise bankruptcy law
fraud will be prevented and the giving of
preferences will be forbidden; as a result,
creditors will always receive a percentage
of their claims against such estates, and
where the perpetration of fraud is success-
fully prevented they will be able to collect
their claims in full.
One would think to hear the opponents
of bankruptcy legislation talk upon the
subject of the costs of administering such
a law, that the administering of bank-
ruptcy estates under the present laws was
accomplished without expense, or, at
least, at very moderate expense. Every
man in the commercial world knows that
this is not true, but, on the contrary, that
the expenses of administering insolvent
estates under present conditions are larger
than they ought to be. It is not anticipa-
ted by the friends of a bankruptcy law
that under its provisions the time will
ever come when litigation will be con-
ducted for nothing, or that bankruptcy
estates will be administered as a matter of
charity, but they know that the expense
of such administrations will be limited to
such expenses as are reasonable and neces-
sary and that the compensation of officers
will be paid in a way that will interest such
officers in securing prompt and inexpensive
administrations. There is no greater reason
why expense should be excessive in
United States than in State courts. It
will, therefore, be seen at a glance that
the censure of the opponents of bankruptcy
legislation upon the subject of costs is
wholly without merit.
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The tendency of the times is towards