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THE MUSIC TRADE REVIEW
They know that all of this talk about a non-
absorptive trust which is going on, and the
men who are identified with it as officials at
J1UJIC TIRADE
good round salaries, is the purest tommyrot.
They place no stock in such arguments, for
if this were intended where would the saving
EDWARD LYMAN BILL,
in a combination come in? Those large,
EBITOR AND PROPRIETOR.
J . B. S P I L L A N E , MANAGING EDITOR
fat, juicy dividends, which are calculated to
THOS. CAMPBELL-COPELAND
WALDO E. U D D
allure,
would not materialize.
Executive Staff:
GEO. W. QUERIPEL
We are credibly informed that two firms
A. J. NICKLIN
have given options on their enterprises, and
Every Saturday at 3 East 14th Street, New
that they are anxious to dispose of their pro-
SUBSCRIPTION (including postage), United States, Mexico
and Canada, $2.00 per year; all other countries, $4.00.
perties for reasons which we do not care to
ADVERTISEJiENTS, $2.00 per inch, single column, per
insertion. On quarterly or yearly contracts a special discount
is allowed. Advertising Pages $^0.00, opposite reading matter,
explain here.
$75.00.
REniTTANCES, in other than currency form, should be
There is nothing startling in the option
made payable to Edward Lyman Bill.
Entered at the New York Post Office as Second Class Matter matter, options having been given many
times in the furniture trade, and last winter
NEW YORK, JUNE 29, 1901.
TELEPHONE NUMBER, 1745-EldHTEENTH STREET.
when a veneer trust was rumored, options
THE
On the first Saturday of each
were given on all of the larger veneer plants,
ARTISTS'
month The Review contains in its
DEPARTMENT " Artists' Department" all the cur-
but the options expired and the deal fell
rent musical news. This is effected
through.
without in any way trespassing on the size or ser-
vice of the trade section of the paper. It has a
The surprising part of the whole matter
special circulation, and therefore augments mater-
ially the value of The Review to advertisers.
is the change of attitude of certain sections
DIRECTORY OF
The directory of piano manu-
in the trade press. It only shows that how
MANUFACTURERS
through fear or through influence exercised
value as a reference for dealers and others.
by the promoter they have knuckled, and to-
DIRECTORY OF
A directory of all advertisers
ADVERTISERS
i n The Review will be found on
day are actually supporting him in the fur-
page 6.
therance of his schemes.
The promoter has seen the impossibility
of bringing the high-grade manufacturers
EDITORIAL
around and he has been concentrating his
WHY NOT DEMAND A FORFEIT? efforts wholly upon the manufacturers of
A T its present alleged commercial pianos. It is his evident inten-
The present status
tion to bring a few of these into line, and
of the alleged piano
stage of develop-
trust — Manufacturers
later on he hopes to swerve some of the high-
not going in—Pre-
judiced reports—When ment the piano trust
grade
men from their present position. In
an o p t i o n is re- scheme presents some
quested, demand for-
other words, the proposed combination as it
feit.
points of serio-comic in-
stands to-day with its two or three actual
terest. On one side, the manufacturers as
adherents is based wholly upon the strictly
a whole, claim not to look upon the
commercial piano, and all this talk about pre-
scheme with approval, and that they pro-
serving names is the merest tommyrot. We
pose to maintain their industrial indepen-
question whether it ever reaches a point of
dence in the future as they have in the past,
development beyond its present stage, and
and will withhold from merging their inter-
men should not be deceived through sensa-
ests in a general trust or combination.
tional reports which are being circulated with
On the other hand the wily promoter
the obvious intention of influencing others.
claims to have secured some twenty or thirty
Who are desirous of forming a combina-
adherents and that the trust move is going
tion ? Is it the manufacturers ?
along as satisfactorily as well oiled machinery
Is it the ones whose interests lie to-day
will permit. In other words, there isn't the
in
this industry, or is it the promoters whose
slightest obstacle to the formation of a .trust
discoverable anywhere. According to the interest ends upon the securing of fat com-
promoter, the manufacturers hail the move missions ? No matter how much of a failure
with delight and are stumbling over each the future operations of a combination be-
othei in their haste to get on the inner lines. come, that does not interest the promoter.
During all this agitation we have counseled Even if the whole thing and the industry it-
our readers not to lose their heads and that all self goes to smash, it is all the same.
We have always argued from the stand-
trust reports should be taken cum grano sails.
As4l matter of fact there are few manufac- point that if the manufacturers themselves
turers who care to entertain a trust proposi- desired a trust to come into existence it would
tion along the lines which have been pre- arrive; but thus far there has been no evi-
sented to them; for after having listened to dence submitted to cause us to believe that
the loquacious arguments of the promoter that desire is gaining ground; on the whole
they brush all useless verbiage aside and boil the sole interest manifested is on the promo-
the proposition down to cold logical facts. ter's side, and as his interests are based wholly
TWENTY-SECOND
THE
YEAR.
RMEW
upon selfish motives, we have viewed the
scheme all along with distrust.
We would recommend that when an option
is requested that a forfeit be demanded by
the manufacturer in the event of the purchase
failing to go through.
A forfeiture of about ten per cent, of the
cash price of the business will be the easiest
possible way to discover the existence of the
mountain of gall behind the trust scheme.
Demand a forfeiture and have the cash
put up in a bank and note how quickly
the curtain is drawn from the piano trust
promoter's bluff. No business secrets dis-
closed without exacting a forfeit.
THE CHARM OF THE FAIR.
A PERSONAL in-
The beauty of the
Exposition at Buffalo
spection of the
—A superb panorama
—The exhibits dis-
Pan-American Exposi-
appointing—The mar-
velous illumination by
tion at Buffalo will show-
night.
that the impressions
which have been sent forth with particular
regard to the incompleteness of the Exposi-
tion, are not wholly erroneous. It has been
true of every exposition that has been held
that it has been found impossible to carry
out all of the details agreed upon and ar-
ranged for within a specified time—unfor-
seen obstacles arise in the way of labor
troubles and weather. Then there are ex-
hibitors who, for reasons of their own, do
not exhibit, and the space allotted them takes
on the appearance of ugly scars, attracting
more attention than the thousands and thou-
sands of square feet which surround them
and which present the attractive products of
human toil, skill and ingenuity.
Still it is unfair to judge the success of the
Buffalo Fair from the inside of the buildings,
but from every point of view; if the Pan-
American Exposition had to rely entirely
for its success upon the architectural beauty
of its buildings and the electrical display at
night, it represents enough in charm and
fascination to attract a lover of the beautiful
from any and from every section of the
country.
We have attended every Exposition held
in America, from Philadelphia to San Fran-
cisco, and from New Orleans to the North-
west, and at none have we witnessed such a
varied panoramic effect as the Pan-Ameri-
can presents with its superb color scheme
in which are blended charming Oriental ef-
fects. It is a bewildering and entrancing scene
and reflects credit in the highest degree upon
the artistic taste of the minds who conceived
and executed it. The panoramic effect by
day, and the illumination at night pre-
sent rare attractions which will linger long in
the memory of the beholder.
After having seen this, one can readily
forget the part of the unfinished state of the