Music Trade Review

Issue: 1901 Vol. 33 N. 15

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
ffljSIC TIRADE
V O L . XXXIII N o . 1 5 . Published Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, Oct. 12,1901.
ONE OF DENVER'S GREAT HOUSES.
LEGAL STATUS OF A BANK CHECK.
The Denver Music Co.'s new home in the
Coronado Building is the subject of a beau-
tifully illustrated and extremely interesting
article which appeared in a recent issue of
the Denver (Col.) Post. The general scheme
of architecture and decoration employed in
these rooms has elicited the praise of such
well-known piano men as E. W. Furbush,
of Vose & Sons; Geo. E. Griswold, of Lyon
& Healy; F. W. Teeple, of the Cable Co.;
P. J. Gildemeester, the Knabe traveling am-
bassador, and a number of others who have
stated to Myron H. Coloney, the president
of the institution, that in color scheme, size,
and beauty of arrangement, to say nothing
of their value as show rooms, they rank
among the finest in the United States.
The Supreme Court of New York has de-
cided that a bank check is only a piece of
paper until the bank upon which it is drawn
has accepted it. A man in New York city
drew his check, and sent it to his brokers
in payment of a claim that they had made
upon him. Before they had realized upon it
he drew r another check, and with it withdrew
all the money he had in that bank, which ef-
fectually stopped the payment of the first
check.
Litigation arose. Judge O'Gorman, in de-
ciding the case upon its merits, used the fol-
lowing language: '"The delivery of the first
check did not constitute an assignment pro
tanto of the funds in defendant's bank ac-
count, and when lie withdrew the same with
a second check he was acting quite within
his legal rights. An ordinary check does not
operate as an assignment or appropriation of
the drawer's funds, and until acceptance or
payment by the bank the fund remains the
property of the drawer, who reserves the
right to withdraw or otherwise dispose of
his deposits."
That this tribute is merited is apparent
from the illustrations, which give an excel-
lent idea of the beauty and extent of Mr.
Coloney's enterprise. Aside from the gen-
eral display of stock on the main floor, in-
cluding small goods and sheet music, there
are several piano art parlors at the extreme
rear of the great wareroom on the north side
of the store. Through a golden archway, il-
luminated by dozens of electric lights, one
enters the doors leading to the art rooms in
the rear, each room of which is fitted up
with Knabe and Vose pianos, so that artists
can use these instruments as they would in
the concert room or in the home. The south-
ernmost of the room is connected by a Moor-
ish doorway with the red room in the north
where the ^Eolian Orchestrelle attracts
crowds of those musically inclined on Sat-
urday nights, when concerts are usually
given.
The building, from basement to roof, is
a surprise in its modern equipment and ab-
solute perfection, and is certainly a credit
to Mr. Coloney and his co-worker, treasurer
Pattison. The instruments handled by the
Denver Music Co. include the Kna.be, Vose,
Krell, Pease, Royal and Kingsbury pianos,
an enormous number of the latter having
been sold by this concern to the public schools
of Denver. The advance made by the West
in the way of up-to-date music stores is splen-
didly shown in these detailed illustrations.
Enterprise and persistent go-aheadedness
has paid, in this instance, as it will in others
where followed up intelligently.
Geo. Nembach Grass, the Steck road am-
bassador, is "doing" San Francisco this
week.
He is making his usual creditable
record on the road, as the orders reaching
the Steck headquarters indicate.
RIVERSIDE'S NEW PIANO STORE.
[Special to The Review.]
Riverside, Cal., Oct. 5, 1901.
The music firm of Griffin & Keisker will
have the most artistic establishment in South-
ern California when they open for business
next week. Under the direction of Mr. Grif-
fin the storeroom is being beautifully deco-
rated. Musical instruments will be frescoed
on the ceiling and seventy-two lights with
green shades, suspended from above, will
serve to show the pianos and other stock to
advantage. These lights will have wrought
iron fixtures and will be very artistic. In
the center of the room will be a ladies' re-
ception room, and at the back a stage for
convenience of local teachers, who can give
musicales and lessons free of charge Satur-
days. Pictures and rugs will add to the artis-
tic and pleasing effect of the room.
The firm will handle many lines of the best
instruments, among them the Chickering,
Vose, Pease, Decker, Kurtzmann, Schubert,
Martin, etc., all of which have been person-
ally selected by Mr. Keisker and shipped
direct from the factories in carload lots.
H. C. Harney, who represents the inter-
ests of the O. S. Kelly Co., piano plate mak-
ers, Springfield, O., in the East, is making
a number of short trips to various manufac-
turing points in the Eastern territory. There
is a rapidly growing demand for the Kelly
plates.
$2.00 PER YEAR.
SINGLE COPIES, to CKNTS.
WILL ASCERTAIN SENTIMENT.
National
Credit
Men's Association's
Bankruptcy Law.
Circular on
The National Association of Credit Men
has taken steps to ascertain the feeling of bus-
iness men throughout the country in regard
to the bankruptcy law and the most effective
means of strengthening the measure through
practical amendments. What the law has ac-
complished is set forth by the Association
as follows in a circular which has been mailed
throughout the country:
The bankruptcy law of 1898 has:
(1) Put an end to chattel mortgage fail-
ures, fake confessions of judgment, and, in
general, to the old-time race for the regis-
ter's office; all now share alike.
(2) Made preferences, where creditors
are vigilant, rare, if not impossible.
(3) Committed the administration of es-
tates to trustees chosen by the creditors ra-
ther than by the failing debtor.
(4) Increased dividends, and cut down
the expenses of administration to a mini-
mum.
(5) Made, as a rule, credit more secure,
without contracting it.
One of the principal objects of the law—
the discharge of debtors—having been com-
plied with, the Association now purposes to
obtain such amendments to the law as will
"put up the bars" again. The Association
points out that the repeal of the law, would
mean a return to the old system of State ad-
ministration, and asks business men which
system they would prefer.
GRAPHOPHONES FOR FAR EAST.
The Columbia Phonograph Co., Bridge-
port, Conn., is at present making some large
consignments of graphophones, etc., to far
Eastern markets. Substantial lots are now
waiting shipment to Reuter, Brockelman &
Co., of Shanghai, which concern imports
large quantities of American machinery.
Shipments are also being made to Hevn,
Brockelman & Co., of Osaka, Japan.
SALESMEN AND SALESMEN.
There are two distinct classes of salesmen
—the salesman who is governed by price,
and the salesman who is governed by qual-
ily. The first calls attention to cheap goods
and dilates on the great value that is to be
obtained for little money. Such men cannot
rise to superior goods and are not the meney-
making men for dealers and manufacturers.
Schmoller & Mueller, the we 1 l-known deal-
ers of Omaha, Neb., have secured the agency
for the Mason & Hamlin pianos.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
TWENTY-THIRD
YEAR.
EDWARD LYMAN BILL,
EDITOR AND PROPRIETOR.
J . B. S P I L L A N E , MANAGING EDITOR
Executive Staff;
EMILIE FRANCES BAUER
THUS. CAMPBELL-COPELAND
WALDO E. LADD
GEO, W. QUERIPEL
A. J. NICKLIN
Pnblished Every Saturday at 3 East 14th Street, New Yorfc.
SUBSCRIPTION (including postage), United States, Mexico
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
is allowed. Advertising Pages $ 0.00, opposite reading matter,
$75.00.
REfUTTANCES, 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,
OCTT1271I90K
TELEPHONE NUMBER, 7745-EIQHTeENTH STREET.
THE
On the first Saturday of each
ARTISTS'
month The Review contains in its
DEPARTMENT " Artists' Department" all the cur-
rent musical news. This is effected
without in any way trespassing on the size or ser-
vice of the trade section of the paper. It has a
special circulation, and therefore augments mater-
ially the value of The Review to advertisers.
DIRECTORY OF
The directory of piano manu-
PIANO
facturing firms and corporations
MANUFACTURERS f o u n d o n p a g e 2 g w U 1 b e Q f g r e a t
value as a reference for dealers and others.
ish leaders in the direction contrary to which
their best interests lie.
The history of this industry is rich in in-
ventive minds, and some of the greatest en-
terprises were established by humble work-
men whose ambition led them steadily up the
pathway of human progress to fame and
wealth. It was only a few years ago that the
ranks of piano makers were filled with men
who were not only practical mechanics, but
inventors, scale drawers. To-day, notwith-
standing the fact that piano making, as an
industry, is vastly more important than ever,
there are probably fewer mechanics skilled
in every department of the business than ever
before.
What will the effect of this be upon the fu-
ture of piano-making in America? Surely
we haven't reached a stage in acoustical de-
velopment beyond which it is impossible to
go. We can hardly believe that we have ar-
rived at the point reached by Herreshoff
in the yachting world, beyond which devel-
opment is impossible.
that certain friends of the dealer had found
in him a good thing. They had been draw-
ing rich profits from his business, and had
helped prop it up as long as there was a pos-
sibility of fat pickings remaining. When the
final crash came they were protected, but
the merchandise creditors were left, some
of them to the extent of many thousand dol-
lars.
It was reported two days after the fail-
ure that some other manufacturer proposed
to back him in a new business venture, be-
cause he had an excellent reputation as a
salesman and could get out the pianos in
great numbers.
It pays to keep the closest watch upon
credits, for sometimes those who are report-
ed to be all right locally are, perhaps, in
league with others to work the over-confiding
piano man.
PUMPING LIFE IN THE TRUST.
T H E p i a n o trust
Will the piano trust
scheme be revived ?—
New life promised—
Trusts should be com-
pelled to make reports
concerning their finan-
ces.
scheme, which has
b e e n incubating for
THE NECESSITY OF INVESTIGATION.
some weeks past, will
"T
HE
recent
collapse
now be brought forth,
Failure of a western
EDITORIAL,
dealer shows a gross
of a n old-time and a further attempt will be made to arouse
betrayal of confidence
—Piano manufactur-
Western dealer shows fresh interest in the project.
WHAT OF THE FUTURE?
ers not to press crim-
the
necessity of making
Where will our music ' T HE student of the
i n a I charges—T h e
It is too hopeless a case, however, to take
t r a d e inventors be
need of investigation.
evolutionary pro-
the most complete and seriously to-day, and by no vitalizing system
found ? —The unions
are levelers—Individu-
cess which is gradually thorough investigation before the granting controlled by its originators can it be pumped
ality not encouraged
—F e w e r mechanics changing the status of
of extended credits. The necessity, too, is into a semblance of life. New theories and
skilled in all branches
than ever.
apparent
of a careful study of State laws schemes may be evolved, but there must be
labor in all civilized
countries, finds a subject for thought in the before extensive shipments are made to men men behind the inceptive move in whom the
effect of trade unions, in the future, upon the who are believed to be a trifle lax in their trade can repose a certain amount of confi-
business methods.
inventhre department of industry.
dence. It will be a long time before the piano
This case in point: The dealer was an old trust stock is listed on the Exchange. Trusts
Is it not a fact that the unions are great
levelers? Do they not discourage individ- soldier, a man who had been in business for as a whole, have ceased to be a matter of
ual thought or ambitious work on the part of many, very many years in one locality. He dominating interest, but, of course, great
members? Will not such methods, if fol- had gained a certain following in business consolidations will go steadily on. Certain
lowed out for a term of years, have a ten- as well as musical circles. He was believed States will probably pass stringent laws reg-
to be strictly honest, and manufacturers, ulating trusts. One of the favorite remedies
dency to discourage future inventions?
To-day the unions not only dictate as to trusting largely to his local reputation, con- proposed for the evils which are supposed to
hours, but as to particulars regarding assign- tinued to supply him with instruments until cling to modern consolidations is publicity
ment of work, and by their stipulations am- an indebtedness of nearly forty thousand dol- concerning their affairs. We believe that
bitious young men are held back upon the lars was created. The critical point was this is urged particularly by those who would
same plane as the drone. The unions are not reached and an investigation of his affairs like to have the interest of innocent purchas-
stimulative to individual effort. They have revealed the fact that, while this man had ers of trust stock properly guarded. Legis-
a tendency to crush individuality and merge been, we may say, superficially honest, he lation is, of course, proposed as it always is,
everything into one colossal organization. had allowed and had given sanction to mat- but it has seemed that self-interest would
If the unions' rules remain unchanged in this ters which placed hinr'across the border line prove far more efficacious.
particular, from what source will the invent- of honesty.
In the financial columns of the daily news-
ors of the future spring?
1 Ie not only had made false representations papers, the methods of the management of
The patent records of Great Britain do not concerning his finances, but had sold consigned our railroad companies, and of the directors
show that labor unions, which dominate that stock, for which he gave no accounting. of our iron and steel stocks, have been con-
country, have been conducive to inventive One of the representatives of a concern which trasted to a disadvantage of the latter. The
ideas. In fact, the unions have compelled had suffered a heavy loss, investigated the demand is being reiterated, that those in con-
manufacturers to remove certain machinery causes which led up to his failure, became trol of iron enterprises, whose stocks are reg-
on the ground that its maintenance was an convinced of his rascality, and proposed to ularly listed, shall do more than submit an
injury to the workingman.
push a criminal charge against him. He was annual report. It is urged that a monthly
While no one will for one moment deny the dissuaded by his attorneys, who told him that statement of gross and net earnings be issued
right of labor to organize, yet it would be no jury could be found in that city who would to stockholders, so that they may be better
well for the men themselves to consider if convict him of irregularities.
informed as to the progress of the enterprise
they are not being blindly led by many self-
A further investigation revealed the fact in which they have placed their money. This

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