Music Trade Review

Issue: 1900 Vol. 31 N. 3

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
TWENTY-FIRST YEAR.
* # EDWARD LYMAN BILL J* Jit
Editor and Proprietor.
PUBLISHED EVERY SATURDAY
3 East 14th St., New York
SUBSCRIPTION (including postage). United States, Mexico
and Canada, $2.00 per year ; all other countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
insertion. On quarterly or yearly contracts a special discount
is allowed. Advertising Pages $50.00, opposite reading matter
$75.00.
REMITTANCES, in other than currency form, should be
made payable to Edward Lyman Bill.
Entered at the New York Post Office as Second Class Matter.
NEW YORK, JULY 21, 1900.
TELEPHONE NUMBER, 1745-EIOHTEENTH STREET.
T H E KEYNOTE^
The first week of each month The Review
oontains a supplement embodying the literary
and musical features which have heretofore
appeared in The Keynote. The amalgamation
is effected without in any way trespassing on
our regular news service. The Review con-
tinues to remain, as before, essentially a trade
paper.
LIVE ISSUES DISCUSSED.
TN this issue we present the first of a se-
ries of business talks with dealers in
different parts of the country. These in-
terviews will be continued for a number of
weeks, and will cover practically the entire
trade in the several states.
The advantage of these "talks" to man-
ufacturers is obvious, inasmuch as they
convey the opinions of piano merchants
regarding numerous matters of immediate
interest. The questions submitted em-
brace the business outlook for the fall, the
manner in which it will be affected by
the presidential election, the condition of
crops, the methods of competition in the
piano line, and the possibilities for trade
betterment. These are all live topics and
will afford the manufacturer views of men
of all shades of politics, and who are in
close touch with local affairs.
By a perusal of these weekly interviews
a fair idea of fall prospects can be gleaned
and in the aggregate they form valuable
as well as interesting testimony on which
to base business operations for the coming
season.
While most of us are not desirous of ad-
mitting that business will be seriously af-
fected by the coming Presidential cam-
paign, yet, we consider it an excellent
point to talk with the merchants in every
city of the land, and thus get their opin-
ions. We believe that following up this
line will establish confidence, and it cer-
tainly will give rise to a healthy discus-
sion of topics of the times. Every man,
no matter with what political party he
may affiliate shall have an opportunity of
expressing his views in the columns of
this journal. While personally we do not
hesitate to declare our belief that the in-
terests of America will be best served by
continuing Wm. McKinley at the head of
the Government, still we are perfectly
willing that all arguments shall be heard
in this forum of the trade.
The matter of politics, crops and local
conditions form certainly interesting top-
ics on which to continue business thought.
There is apparent in many of the inter-
views a sentiment which reveals plainly
the fact that the dealers themselves believe
that there could be much remedial action
taken towards trade evils by concerted
effort.
The interest which is being
aroused to-day shows plainly that the
dealers, like the manufacturers, feel the
necessity of organization and no doubt the
part of next year's session of the Piano
Manufacturers' National Association to
which dealers will be invited, will be pro-
ductive of material benefit in stimulating
interest along these lines.
NAMES AS PROPERTY.
OCCASIONALLY we note illustrations
where men seek to use names which
others have made valuable in commercial
circles. It may be that the name used is
their own patronymic, and they say that
they are entitled to the use of their own
name to gain a livelihood, and that no na-
tional or state law could deprive them of
that right.
There appears to be a fairness about that
which appeals to the average American,
and yet in too many cases do not men enter
that sort of business with the direct inten-
tion of stealing that which has been made
valuable by another?
The courts of this country have held that
the theft of a trade mark can be made as
well as the theft of any other property, for
property it is, and in many instances vast
fortunes and much time and intellectual
force have been expended to create for it
that value. It is possible, from recent de-
velopments, that in the near future we
shall have at least one notable case on
trial.
If it can be clearly shown that an indi-
vidual firm or corporation is organized for
the purpose of trading upon the reputation
of another and through its output consti-
tutes a medium through which the public
is deceived, it is only a question of a short
time before a permanent injunction can be
secured restraining such operations.
We have had in this trade in times past,
a number of cases which through the me-
diumshi-p of bungling and inefficient at-
torneys, came to naught as far as the plain-
tiffs' interests were concerned. If a case
is well handled legally, the intent of the
individual can be demonstrated and if it
can be shown that a certain institution
maintains an open door through which de-
ception enters, why the courts will not
hesitate to close it permanently. Justice
has not as yet reached a low stage in this
country.
INTEREST AROUSED.
TN Boston the Blake case is exciting much
attention and through the media of the
press interest has been generated in this
case throughout the entire country. Mr.
Blake has been most warmly condemned
both at home and abroad for presumably di-
recting his wife in a business transaction
with all the unsavory resultant effects
which have occurred in this instance.
It is to be regretted that a lady's name
has been introduced in a transaction of
this kind, but it is a satisfaction to know,
however, that her husband has been in-
dicted together with her, so that he must
stand trial as well.
If Mr. Blake were a poor man, driven to
his wits' ends to raise a little money, some
apology could be made for him in trans-
actions of this character, and the mantle
of charity and forgiveness might be broad
enough to envelop him, but the facts are
that Mr. Blake is a wealthy man, and the
statement has been made that in 1899 he
sold as many pianos at retail as any other
single firm in the city of Boston. Be that
as it may, he is a successful piano dealer,
and is substantially fixed in this world's
chattels, therefore even to be broadly char-
itable, there was no occasion for his enter-
ing into partnership with any one in a deal
of this nature.
We have for many years denounced the
fake house sale methods of disposing of
pianos which have been practiced in a
number of our largest cities. They are of
serious injury to the legitimate trade and
how any regular dealer can be a party to a
contract of that kind, we are unable to
fathom. It is well, however, that a case
such as this is now brought before the
court of justice.
It does not speak well for trade ethics
that a member of the "regular" trade
should be entrapped in legal meshes,
but the action of the members of the
Boston music trade and the local as-
sociation of that city can be most en-
thusiastically commended. It shows a
manifest desire on the part of the dealers of
that city to purge the trade effectively of
all accumulations which retard its honest
digestion. The matter so far has reached
an indictment by the Grand Jury, and suf-
ficient interest has already been engen-
dered so that there will be no unusual de-
lay in the case being brought to trial. If
the Blakes are proven guilty of the charges
under which they now rest, it will have a
deterring effect upon the fake "house sale"
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
transactions in every other city in the
land. If Mr. Blake has been monkeying
with the wind of piano misrepresentation
he will reap the whirlwind of trade con-
demnation.
We are gradually working out into a
purer trade atmosphere, and it is only
a question of a comparatively brief time
before the matter of fake sales as well
as commissions and all kindred trade
evils will have reached a point of innoccu-
ousness.
In New York there has been placed upon
the statutes recently a law which declares
guilty of a misdemeanor any person or per-
sons who shall do business under any as-
sumed name or under any designation,
name or style, corporate or otherwise,
other than his own real name without fil-
ing a certificate prescribed by law with
the county clerk.
No one can question but that this law
is a step in the right direction. It re-
moves fake concerns from competition with
regularly organized business institutions,
and the piano merchants of New York
State should recollect that such a law now
exists, and that when they meet any com-
petition which is legally "fake " they can
immediately suppress the offenders. The
penalty provided in such a case is a fine not
exceeding $500 or imprisonment for not
more than one year, or both.
The legitimate trade of the entire coun-
try manifests an interest to drive all dis-
honest competition out of business.
KINDS OF CREDIT.
/CONFIDENCE, after all, is the basis of
^ ^ credit, and without credit the vol-
ume of business can be reduced to a pitiful
figure in this and in all other trades.
But how different the terms between
bank credit and mercantile credit. Does
it occur to the merchant when buying his
goods on credit, that the transaction is es-
sentially the same as borrowing money
from a bank?
Goods represent money. Money was
paid for them by the manufacturer, and
for the time the manufacturer's capital is
in the goods. Lending his capital, that is
his merchandise, out on credit, is the same
as lending the actual dollars of the bank;
for the specified time given the merchant
has borrowed the capital of the manufac-
turer, and yet how different the transaction
is condu, "ed in the separate cases.
In the case of the bank, to obtain a loan
of capital the borrower must show his abil-
ity to meet the debt, he must oftentimes
furnish security in the shape of an en-
dorser or collateral, and he must meet the
note on the very day it falls due. In the
case of the merchant; he sometimes resents
enquiries regarding himself. Goods are
furnished without any security, and too
frequently the manufacturer does not get
his money on the date that the notes fall
due. In many cases the notes become
long drawn out and there is considerable
expense in their final collection.
Some may say that the manufacturer
has a profit on his wares that justifies the
additional risk of his capital. The truth is
the manufacturing profits have steadily
been reduced on all lines of goods, and to-
day the profit of the manufacturer is re-
duced to a very small point, a slight re-
ward for the labor and talent in conduct-
ing business enterprises and as interest on
his capital.
The banker has absolute security and in-
terest counting up all the time. Still
there are some who are eternally howling
about the huge profits of manufacturing
enterprises. They have been tremendous-
ly reduced in all lines of trade. The piano
industry, in common with others, has suf-
fered in a reduction of profits, and too
often in this industry what appears on the
face to be a fair profit is cut down by sub-
sequent demands from dealers in the shape
of rebates, and sometimes ridiculous claims
are allowed simply to keep on good terms
with the dealer and retain him. There is
an awful lot of tommyrot which has crept
into business dealings which can only be
removed by using a little more common
sense. The nearer we approach true busi-
ness lines, the better it will be for every
one concerned.
The honest dealer will be benefited as
well as the manufacturer.
IMPORTANT DECISION.
A N interesting legal decision appears in
another portion of The Review—page
27—where a superior court judge of Mass-
achusetts has placed an injunction per-
petually restraining a zither concern from
making or selling any zither like that of
the plaintiff, which was the Flagg Manu-
facturing Co.
This is an interesting decision for it
goes farther than any before on record,
and gives the manufacturer who first puts
an article of distinctive appearance on the
market the right to get an injunction
against other manufacturers who imitate
such articles with the intention to profit
by the enterprise of others.
If the legal decision of Judge Bradley
were adopted universally, it would practi-
cally prohibit the operations of what we
may term piano case imitators, for it is an
obvious fact that there are a number of
manufacturers who place upon the market
cases which are nothing more nor less than
reproductions of styles which the originate
ors have devoted considerable time, money
and skill to originate. This is an inter-
esting decision and it might not be in very
bad form for some of our manufacturers
whose preserves have been poached upon
to a large extent by imitators to make a
test case of some of them in other courts.
The decision of Judge Bradley would cer-
tainly stand as a precedent.
IT IS NOT LUCK.
INTERESTING figures regarding the
foreign commerce of America are pre-
sented in another portion of The Review.
According to our special report, the total
foreign commerce of the United States
during the fiscal year 1900 is three hun-
dred and twenty million dollars greater
than that of 1899, and the foreign com-
merce of this country for the first time in
the fiscal year record crossed the two bil-
lion dollar line. With such amazing figures
to show, woiild it not be a national calam-
ity to substitute in place of the present
wise administration one laden with theories
and isms, none of which are practical. It
is not " Republican luck," as some allege,
which has sustained the present party in
power. It is that same kind of luck which
builds a successful business institution.
For, after all, the United States Govern-
ment is nothing more nor less than a gigan-
tic business institution, the largest of its
kind in the world, and when it is ruled by
correct governing principles, all have con-
fidence in it and business is good.
ANOTHER TRUST DISAPPEARS.
/^\N Tuesday by a practically unanimous
vote, the stockholders of the National
Wall Paper Co., capitalized at $38,000,000,
and popularly known as the Wall Paper
Trust, decided to dissolve the corporation.
Outside competition and the demands of
the trade for goods identified with indi-
vidual manufacturers forced the abandon-
ment of the combination. In no industry
is there the demand for wares identified
with individual manufacturers that there
is in the piano industry, and when such a
combination as The Wall Paper Trust dis-
solves on account of that reason it proves
the utter impracticability of the existence
of a piano trust.
T H E man who stated that the truest test
of a man's friendship was his willing-
ness to lend money, was contradicted the
other day by the perennial borrower who
stated the real test occurs when you strike
a man for the second loan.
T H E old-time summer festivals of manu-
facturers and men seem to have de-
parted. There are some who still religi-
ously adhere to the ancient traditions, but
as a whole, the interest has materially

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