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THE MUSIC TRADE REVIEW
destined to become of infinite value in the
His trade venture has become but a vision,
full time, and even under those conditions
advancement of the best interests of the
a dark memory, as it were, of things that
if the present business continues they will
trade.
have been.
be unable to create a surplus
The attitude of the organization towards
the stencil and
other evils which have
crept into the trade, shows plainly that it
desires trade weal and not the personal ag-
grandizement of some of its members.
When we consider the membership which
the national organization has to-day, we
must admit that it is a power which cannot
be lightly disregarded, one which must be
reckoned with in the trade problems of the
future.
THE REVIEW'S NATAL MONTH.
JULY is the natal month of The Review.
It was twenty years ago that it was first
issued in a modest form.
We believe that
we can remark at this juncture, without
laying ourselves open to the charge of in-
dulging in personal glorification, that The
Review has played no unimportant part in
the development of the industry, and we
believe that we may assert
with equal
truthfulness that its standard has never
been trailed in the dust of dishonor.
It
has faithfully, persistently and, we trust,
intelligently fought for the maintenance of
that which tends to trade betterment.
It
has also been independent in all things.
There are always excellent reasons for
the success of a legitimate institution, and
one of the chief tributary causes of The
finished instruments.
OPEAKING of trusts, the first of which
we have
record
relating to com-
mercial affairs was probably the Egyptian
corn trust, born in the fertile minds of
Joseph and Pharaoh by which the corn
output was controlled during the years of
famine.
It will be the wise
dealer who places his orders now for early
shipment.
Depend upon it, there will be
many complaints heard over the country
from dealers who hold their orders until
the eleventh hour, thinking then that they
can get their goods immediately.
This event illustrated the judici-
ous combination
Their
stock of
of prophet
scheme has been
and
king.
somewhat
en-
larged upon, and those old timers would be
Will Get Five Cents on Dollar.
THE AFFAIRS OF THE REIMER PIANO COMPANY
REPORT OF THE RECEIVER.
surprised if they could see to just what ex-
[Special to The Review].
tent the trust idea has grown before we
Poughkeepsie, N. Y., July 5, 1899.
The affairs of the Reimer Piano Company
were aired once more before Judge Barnard
Saturday morning on an application to
settle the accounts of George E. Cramer as
receiver of the company.
During the hearing it developed that
the capital stock was issued to Jhe extent
of about $70,000, of which about $50,000
was issued to Reimer or his representative
for his patents. Nearly $20,000 was paid
in ia cash. During the time the company
was in operation this amount and $14,-
138.41 was spent and then the crash came.
From the sale of the property and the book
accounts the receiver collected $2,217.90,
from which he paid for expenses $822.82,
leaving $1,394.08 for distribution, sub-
ject to the compensation of the receiver
and the expenses of the accounting. The
stockholders will lose all they subscribed,
and the creditors will probably get five
cents on the dollar. The affairs of the
company have been managed by the re-
ceiver to the satisfaction of all concerned,
and after the accounts were settled as pre-
sented the receiver was discharged.
cross the line into 1900.
DEFERRING
to the value
of
trade
marks, an incident recently occurred
which serves to show what a large figure
a name cuts in the estimation of some
men.
A man prominent in trade circles re-
cently stated that if he were given the
choice between the right to use the trade
mark of his company or their entire plant
without the same trade mark he would un-
questionably take the former without a
dollar to back him up, and in no industry
is the value of a trade mark greater in pro-
portion to the business carried on than the
one in which The Review is an exponent.
Y\ 7E learn that a man representing him-
Review success lies in the fact that at all
self to be a Review photographer
times there has been an evident desire to
has been approaching several firms in this
state things as they are and to advocate
city for permission to take pictures of their
trade advancement, and to work on those
establishment.
lines which tend to elevate rather than
of saying that photographers employed by
In the Pawn Shops.
to depress.
The Review are provided with written cre-
NEXT TO JEWELRY, MUSICAL INSTRUMENTS
MOST FREQUENTLY VISIT YOUR UNCLE'S.
dentials, and all persons without them are
LEADERETTES.
frauds in so far as they purport to be rep-
A SHORT time ago a well-known manu-
facturer remarked
' ' I have
found
that the dealers who read trade papers are
desirable customers.
We take this opportunity
They are intelligent,
well posted men, and I believe that the
men who fail to read the trade papers to-
resentatives of this paper.
This is not the first time that our atten-
tion has been called to men who have been
working some cheap advertising dodge by
alleging that they were connected with
The Review.
day are men of narrow views and unpro-
I glean a great deal of in-
A STRIKING piano advertisement of
from the trade papers—infor-
John Wanamaker, occupying a full
mation which is of value to me in my busi-
page in the Philadelphia Ledger appeared
ness, and I believe that such papers as The
this week. The advertisement was written
Review are of infinite value to the in-
in dignified terms and gotten up in an at-
dustry."
tractive manner.
gressive ideas.
formation
That reminds us.
A NOTORIOUS trade editor is credited
with
There has not been,
so far as we have seen, even the slightest
the statement that the piano
reference made to pianos carried by the
manufacturers no longer have a responsive
great department stores of New York in
touch, that they refuse to obey his sum-
their advertisements for many weeks.
mons, and that he should shortly concen-
trate his entire energies upon his musical
C VIDENCE is multiplying which points
to great business activity in the early
publication.
To the outsiders it would seem as if this
were a case of necessity and not of desire.
fall.
Nearly all of the factories propose
to run straight through the summer on
From an article prepared by Dr. W. R.
Patterson for the University of Pennsyl-
vania, upon the systems employed by
pawnbrokers in Europe and this country,
it appears that next to articles of jewelry,
watches, etc., the articles most frequently
placed in pawn are musical instruments.
During a certain month the number of
musical instruments pawned in Pittsburg
was 49, on which the amount loaned was
$156.55; in Providence during the same
month the number was 47 and the loan
was $133-72; while in Buffalo 59 were
placed in pawn for $186.50; in Washing-
ton 38 were pawned at $176.26; in Boston
$401.22 was loaned on 247 instruments,
while in Chicago the number loaned upon
was 356 and the total amount loaned $768.-
46. The average loan for the cities named
was as follows: Pittsburg, $3.19: Provi-
dence, $2.77; Buffalo, $3.15; Boston, $1.62
and Chicago, $2.16.
During the fiscal year ending June 30,
1898, the number of musical instruments
upon which loans were made in Cleveland
was 336, the highest number in any one
month being 37, and the lowest 18.