Music Trade Review

Issue: 1901 Vol. 32 N. 16

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
8
THE MUSIC TRADE REVIEW
TWENTY-SECOND YEAR.
a specialist was Alfred Dolge. Schuyler
Ingham was employed by them to obtain
special information from members of the
piano industry. Other specialists were se-
cured by them, so that from three sources,
confidential information regarding piano
firms was obtained. We may say that the
trust papers, including the statistics, dealing
with the tentative trust which existed in those
days, are not now in the hands of Alfred
Dolge. Some of the leading men of Wall
street, such as Seligman and Belmont, sub-
scribed five million dollars for the purpose
of bringing about the organization of the
piano industry in '98. The piano manufac-
turers then were given no particular insight
into the operations of the proposed trust,
but were asked to go into a sort of blind
pool, and in order to do this they must have
implicit confidence in the promoters.
there are certain conditions which exist in
our own industry which shows its non-affilia-
tion with principles which exist in many
others. In the furniture trade, a trade which
is first cousin to the piano industry, it has
been reported that Chas. P. Flint, a well-
EDWARD LYMAN BILL,
EDITOR AND PROPRIETOR.
known promoter, has had the matter of a
J . B. S P I L L A N E , MANAGING EDITOR
trust well in hand, and that articles for in-
THOS. CAMPBELL-COPELAND
corporation would be filed by April 15th.
WALDO E. LADD
Executive Staff:
GEO. W. QUERIPEL
It has also been alleged that Belmont and
A. J. NICKLIN
Morgan were assisting Mr. Flint. It has
PnHlishecL Every Satprday at 3 East 14th street, New York.
been announced with equal positiveness that
SUBSCRIPTION (including postage), United States, Mexico
the proposed combine had fallen through.
and Canada, $2.00 per year; all other countries, $4.00.
ADVERTISEnENTS, $2.00 per inch, single column, per
insertion. On quarterly or yearly contracts a special discount
It is now stated that it is Boston parties,
is allowed. Advertising Pages $:o.oo, opposite reading matter,
$75.00.
instead of Messrs. Morgan and Belmont
REfllTTANCES, in other than currency form, should be
made payable to Edward Lyman Bill.
who are backing up Mr. Flint, and that
Entered at the New York Post Office as Second Class Matter
these men insist that all factory contents
NEW YORK, APRIL 20, 1901.
and earning capacities of the various com-
TELEPHONE NUMBER. 1745-EIQHTEENTH STREET.
panies shall be appraised by a board of three
THE
On the first Saturday of each
men to be named by the promoters. This
1
ARTISTS
month The Review contains in its
DEPARTMENT " Artists' Department" all the cur-
With the Spanish war—the panic which was one of the stumbing blocks.
rent musical news. This is effected
without in any way trespassing on the size or ser-
The high prices asked for stocks of the
existed in the money market at that time—the
vice of the trade section of the paper. It has a
special circulation, and therefore augments mater-
crash of Dolge—all disorganized maturing more successful concerns was another obsta-
ially the value of The Review to advertisers.
plans so completely that it has never since cle encountered by the promoters. Another
DIRECTORY OF
The directory of piano manu-
been
possible to arrange them for the forma- rumor was that Seligman was backing
al ANO
facturing firms and corporations
MANUFACTURERS
tion of a piano trust. Mr. Mathiessen is Flint, and one of the most prominent furni-
fod
m b
f
t
p g
value as a reference for dealers and others.
dead, Mr. Dolge is on his ranch in Califor- ture men in the country states to The Review
DIRECTORY OF
A directory of all advertisers
nia, and the former magnates who were that he does not believe the combine can
ADVERTISERS
i n The Review will be found on
page 6.
connected with the embryo enterprise in '98 be effected. Another New York furniture
have nothing to do with the proposed trust man says that he knows nothing about the
of to-day, which, we affirm, is largely in the matter. Another says that the plan has been
EDITORIAL
nature of a bluff, and which never can.suc- entirely dropped, and still another that seri-
ceed unless there are men connected with ous set-backs have been encountered.
A MOUNTAIN OUT OF A MOLEHILL. it in whom the members of the industry have
We mention this to show that it is the
T 1 HERE is no occa- confidence, and who can command enormous same batch of highly-colored rumors that
The Piano Trust Spectre
—flen Who Were In
sion for anyone sums of money to buy up the various plants. are flying about in the furniture trade that
the Old Organization
to
stand
in fear and
—Dolge and Others-
Within the past week, Alfred Dolge has have become so well known to us in the music
No Probability of a
trembling
of
the
pro-
Trust at Present.
stated: "I do not believe that any outsiders, trade industry regarding trust matters.
posed piano trust. Its speculators, or promoters, can ever succeed These rumors are of a kaleidoscopic char-
spectre should not haunt the couch of the to bring about a combination in the piano acter. They are positive to-day, doubtful
piano man and disturb his midnight slum- trade. At the same time I am just as firmly to-morrow, and out of sight the next day.
bers.
convinced that the piano industry will be
As we stated at the beginning, there is no
Notwithstanding all sorts of piano trust driven into a combination in time, as have reason for the alarmist to parade his highly-
rumors that have been circulating during all other industries. We are nearing more colored trust rumors and statements, for
the past month, no positive headway has and more the long-sought-for condition there is no foundation for even a reason-
been made as yet regarding its formation. where the fierce competition which carries able belief that a trust will be formed in this
There are some men who are desirous of its barbarous warfare, not only into the industry in the immediate future.
impressing others that they are in possession counting room, but also attacks the private
THE CONDITION OF TRADF.
of inside facts and that a great organiza- life of people engaged in trade, must make The Trade Situation-
CPRING trade has
Why the Piano Busi-
tion is now being formed—that it even exists way to combination which eliminates the
been a trifle slow.
ness is Dull—Things
Will Brighten With
in a tentative way. They are fond of assum- objectionable part of the competition, and
We
may
as well ad-
the Weather—General
ing a mysterious air and express themselves where only a competition exists to produce
Conditions Encourag-
mit it, for it is of no
ing
in sentences pregnant with mystery and im- the best results with the least efforts."
use to state that trade
portance.
No thinking man can deny that it is possi- is continually booming when business re-
The Review exploded the trust myth a ble for the piano industry to be concentrated sults point unmistakably to the contrary.
short time ago, and it may be depended into what we commonly term the trust, yet
No one can explain just why this state
upon to furnish reliable information con- there are many who believe that the day is of affairs should exist. The stock market
cerning the development—if that develop- far distant when such combination will be is exceedingly buoyant, and the prolonged
ment ever reaches a stage by which it will made, if ever. There are plenty of others strength of that market despite occasional
be proper to designate it as an existing com- who assert that the piano industry will for- temporary set-backs, is one of the remark-
bination.
ever remain aloof from participation in trust able features of the present state of busi-
One of the strongest forces in the pro- schemes.
ness.
posed trust of '98 was F. O. Mathiessen, a
There are many industries wherein it has
It is evident that this condition must have
sugar trust man. Associated with him as been impossible to form combinations, and its origin in something deeper and broader
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
than mere speculation, or the willingness and
ability of the investing public to absorb offer-
ings.
The backward Spring has naturally ham-
pered trade in our line very seriously. When
March weather extends past the middle of
April and almost impassable roads are found
in ten or twelve states in the Union, it is but
reasonable to presume that these conditions
have exercised a depressing influence upon
business, particularly such business as sell-
ing pianos and organs.
One dealer in the West last week stated
that he had been unable to deliver the pianos
which he sold weeks ago on account of the
condition of the roads.
When we get warm, cheering and settled
weather, business in all lines will at once
feel their accelerating influences, for in all
sections of the country, wealth and luxury
have succeeded the ability to consume only
necessaries. Then, again, look at the money
that has been distributed through the coun-
try by the great growth of our export and
manufactured products. This means an ad-
ditional increased earning power, not only
in the industries directly affected, but in
transportation lines; while production has
been magnified, new outlets have been found,
and the consuming power at home has largely
kept pace with the greater output.
cations, for it is a fact that hardly an adver-
tisement appears in this class of publications
save those of the catalogue houses. There are
half a hundred of these advertisements of
one house in a single issue of these papers,
the annual subscription to which runs from
twenty-five to fifty cents.
It is believed that these papers may be the
property of the catalogue house men who
are working the Government to the extent
of securing pound rate delivery for their
premium offers by using mediums which are
not legitimate publications, but purely house
organs of these different houses. It is hoped
that the Government will take this matter
up and investigate it thoroughly, and if
found that the catalogue houses are using
the Government as suggested, then all such
publications should be excluded from the
mails.
There are some interesting opinions from
dealers regarding this catalogue house com-
petition, which appear in another portion of
this paper. They are well worth reading.
The interest is steadily growing and tre-
mendous feeling is being engendered, not
only against catalogue houses, but against
manufacturing institutions through whose
influence this competition is kept alive.
However, the legitimacy of that matter we
do not propose to discuss. It is not the
policy of The Review to indulge- in per-
sonalities.
A manufacturer who sells to a catalogue
house is certainly conducting a legitimate
enterprise. He is selling his product and
receiving his pay for same, but by supply-
ing these catalogue houses with pianos and
organs, is he not helping to build up a com-
petition, which, in the end, will fully under-
mine his trade interests ?
It is a matter which should be considered,
not only for the present, but for the future,
and are not the men who are supplying cata-
logue houses contributing to their own future
ruin ?
A MATTER WORTH CONSIDERING.
T"^ HE campaign in-
Dealcrs Upon Catalogue
House Competition-
augurated by The
Opinions Presented—
P o s t a l Authorities
Review
anent the cat-
Aroused — flanufac-
turers Who Supply
alogue houses has
the Catalogue Men.
created widespread in-
terest among the dealers everywhere who
have felt the degrading influence of the cata-
logue house competition. Almost daily we
receive several communications from readers
in different parts of the country who have
been interested in The Review treatment
of this subject, which we class as one of
the most important, if not the most impor-
tant, problems which piano merchants have
BYWAYS AND HEDGEWAYS.
to face.
""THE ranksof piano-players are steadily aug-
An interesting development has recently
menting, and remarkable improvements
occurred, showing how the papers patronized are being made from time to time in these
by the catalogue houses are now creating players which render their power as an edu-
governmental antagonism. There are pro- cational factor in a musical way undeniable.
hibitory measures proposed, which, if passed, It is surprising how quickly, too, the players
will exclude from pound rate privileges, a have become the victims to the testimonial
number of publications which are almost habit. Some artists have endorsed no less
wholly patronized by the catalogue houses. than two players within a week. Travel-
These papers are made up entirely of plate ing at a faster rate even than piano testi-
matter, and contain all kinds of alluring offers monials.
to subscribers, which include not only arti- TP O our minds, the papers that are giving
cles of home adornment, but clothing as
great publicity to the schemes of an alleg-
well. Thev are sold at a surprisingly low ed ex-music trade editor along trust lines, are
subscription, and it is believed that there is simply assisting to create in the minds of
a catalogue house scheme behind the publi- readers an important man out of one who,
at best, is a combination of hypocrisy and
cunning. It is the best kind of advertising
for that individual, who, after all, has no
special forces behind him in the trust prop-
osition. It is a personal scheme, and those
who herald his name in startling type are
assisting to create a belief in the minds of
readers that this man has really succeeded
in interesting capital in his schemes. His
movements, thus far, have amounted to noth-
ing at all, simply vaporous mouthings.
*~r HOSE enterprising individuals in the piano
trade who incorporate companies with one
million dollar capital stock and one dollar
paid in, will be interested to know that an
extremely liberal incorporation law has re-
cently been passed by the Arizona Legislature
and signed by the Governor. In several
directions it is even more favorable than the
New Jersey incorporation law. It provides
that any number of perspns may incorporate
for any business, with stock fully paid and
nonassessable, and that private property of
directions it is even more favorable than the
corporate debts. None of the incorporators
need be residents of Arizona, and they need
not appear in the Territory, but the law re-
quires the appointment of a resident agent
upon whom service of summons may be
made. There is no tax on capital stock.
Altogether it is the most liberal law of its
nature in the United States, and makes Ari-
zona the cheapest place in which to incor-
porate.
Q O M E men look for fortune in social clubs
and secret orders. They expect their
growing acquaintance to lift them up as the
incoming tide lifts the fisherman's boat off
the sand bar. They spend so much time and
money on their club and society affairs that
their business suffers more from want of prop-
er attention than they gain from outside.
Very few men, whether engaged in vending
pianos or any other merchandise, have ever
learned how to ride two horses successfully
at once.
"P HE festive piano man who comes to New
York should heed this tip:
We will be very good to you, but you must
not expectorate in our cars and ferry boats.
You will be liable to find yourself before the
magistrate. Our Board of Health, they say,
is under feminine influence. The President
of the Board has recently married, and he
doesn't want his wife's skirt spoiled.
T T AVE you entered the lists for any of the
prizes offered by The Review? All
readers are eligible, and we hope by the last
of next month, at which time the first prize
winner will be announced, to have received
a goodly number of communications.

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