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VOL. XXXIII.
No. 18
F n H M Every Sat ft Eflwarfl Lyman Bill at 3 East Fonrteenth Street, Sew Tort Nov. 2.1901.
REVISING BANKRUPTCY LAW.
Chairman Ray Receives Suggestions From 15,000
Business Men.
[Special to The Review.]
Binghamton, N. Y., Oct. 28, 1901.
Congressman Geo. \V. Ray, who is chair-
man of the House Judiciary Committee, hav-
ing charge of the revision of the Bankruptcy
law, and Royal A. Gnnnison, of this city,
Secretary of the National Association of
Referees in Bankruptcy, are hard at work
drafting a revision of the law to be presented
at the next session of Congress. A circular
letter, with the bill revising the Bankruptcy
law which was introduced by Congressman
Ray at the last session of Congress, has been
mailed to the principal business men through-
put the Union, with a request that they offer
suggestions or modifications. As a result
15,000 answers have been received, and many
of the letters include important practical sug-
gestions which will be incorporated in the
bill. One of .the important questions being
considered is:
Should partial payments on account with-
in four months of a bankruptcy, but without
intention on the part of the debtor to prefer
or acknowledge on the part of the creditor
that the debtor is either insolvent or intended
to prefer, be preferences which must be sur-
rendered before the creditor can prove up
the unpaid portion of his claim, as is now
held by the courts, or should the law be so
amended that such payments may be retained,
unless received with, on the part of the cred-
itor, reasonable cause to believe that the pref-
erence was intended?
The answers to these questions will be
tabulated, and from the tabulation a report
will be made and submitted to the Judiciary
Committee. Without a doubt this report will
in a large measure influence future legisla-
tion on the subject of bankruptcy.
CLEMENS JOINS MERRILL CO.
[Special to The Review.]
Sedalia, Mo., Oct. 28, 1901.
J. H. Clemens, who for several years has
been representing the John N. Taylor Piano
Co.'s interests in this city, has accepted a
position with the Merrill Piano Co., of Law-
rence, Mass., whereby he will have charge
of all territory west of the Mississippi, mak-
ing his headquarters at Kansas City. Mr.
Clemens has a wide following and is a
splendidly equipped piano man, who will
doubtless make a good record for the house
with which he has become connected. F.
M. Reed will succeed Mr. Clemens in look-
ing after the Taylor interests in this city.
PHILADELPHIA PIANO MEN DINE.
[Special to The Review.]
Philadelphia, Pa., Oct. 28, 1901.
The members of the local Piano Trade As-
sociation had a social meeting and dinner at
the Hotel Bellevue Saturday evening.
Speeches were made by several members on
topics of interest to the trade. President
Miller called attention to the recent formation
of the National Piano Dealers' Association
of America and advised that the members of
the Philadelphia trade should co-operate by
joining the new organization.
Among those present were: James C. Mil-
ler, representing the Miller Piano Co.; C. J.
Heppe and F. J. Heppe, of C. J. Heppe &
Son; Oscar Blasius, of Blasius & Son; A.
Von Bernu-th, of N. Stetson & Co.; Leopold
Bellak, of James Bellak & Son; G. R. Flem-
ing, George Miller, of F. A. North & Co.;
J. J. Ryan, representing the Ludwig Piano
Co.; James G. Ramsdell, Gustave Herzberg,
Charles H. Fischer, L. K. Ewing, of Painter
& Ewing; P. J. Cunningham, of Cunning-
ham Piano Co., and D. E. Woolley, repre-
senting the Estey Co.
la.oo PBR TBAR.
SINGLE COPIES r« CENTS
SOME CHICAGO LEGAL DECISIONS
Excite Much Comment in Business and Labor Circles.
Chicago is furnishing some surprises these
days in the matter of legal decisions. The
ruling, reported in last week's Review, of
the Supreme Court of Illinois against the
corporations of that state, compelling them
to pay taxes on capital stock, is certainly a
most radical decision, while Judge Kohlsaat,
of Chicago, has gained equal prominence by
his ruling in the matter of "picketing," in
which he defines in a straightforward way,
the rights of manufacturers and union men
alike. He defines the unreasonable attitude
of many pickets in the course of strikes as
tyranny of the most despotic character.
In connection with this ruling it is inter-
esting to note that Business Agent Arthur
Ireland and other officials of the Interna-
tional Association of Machinists, now under
an injunction of the Federal Court against
picketing the plant of the Allis-Chalmers
Co., were served on Monday with notices
of a suit for $10,000 filed by the Robert Tar-
rant Co., of Chicago.
Tarrant charges the officials with having
A BROADWOOD DEPARTURE.
conspired to ruin his business because his
John Broadwood & Sons, London, Eng., company filled orders for the Allis-Chalmers
the oldest firm devoted to pianoforte manu- Co. when its plant was shut down by reason
facturing in the world, having been founded of the machinists' strike. The suit was
in 1728, have been merged into a private threatened some time ago, but lay dormant
limited liability company, thus keeping in until the twelve blacksmiths and helpers of
touch with the trend now "so evident in the the Tarrant Co. struck rather than do work
business world in England, as in this coun- for the Allis Chalmers Co. The suit will
try. The. official board consists of gentle- be heard in the Superior Court Nov. 4th.
men of considerable influence and business
"Picketing" apparently is also a live issue
ability, consisting of W. H. P. Leslie (son in England. Over there, as far as present
of the late Henry Leslie), who acts as chair-
decisions go, picketing is illegal, except for
man of the new company; Cuthbert Heath,
the purpose of giving information that a
of Lloyd's; W. Hugh Spottiswoode, of
Messrs. Eyre & Spottiswoode, King's Print- strike is in progress, but any sort of intim-
ers ; John E. Talbot and Leonard F. Bevan. idation, even moral persuasion, is against the
Of the former members of the firm, Messrs. law. The workmen, however, dispute this
J. H. T. Broadwood, H. J. T. Broadwood and reading of the statutes, and it is understood
Geo. D. Rose are directors, while Frederick that an appeal is to be made to the House
Rose retains his interest in the business, of Lords in order to get a proper interpre-
though unable, on account of ill health, to tation.
take an active part in the management.
A. B. CHASE WITH WURLITZER.
George Rose undertakes the management of
During a visit to Cincinnati, Calvin Whit-
the factory, and Leonard F. Bevan will di-
rect at the showrooms in Great Pulteney ney, president of the A. B. Chase Co., con-
street, where A. J. Hipkins will also remain summated arrangements whereby the Ru-
at his post. S. Henry Walrond has been dolph Wurlitzer Co., of that city, will handle
appointed secretary to the new company.
the A. B. Chase piano in their territory. The
In connection with the foregoing our Lon- initial order was a large one, and the ar-
don namesake states it is of interest to note
that the Broadwood firm have supplied the rangements call for an aggressive presenta-
Royal family with their instruments ever tion of the unquestioned merits of the A. B.
Chase pianos to the general public.
since the year 1732.