Music Trade Review

Issue: 1902 Vol. 34 N. 12

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
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V O L XXXIV. N o . 12. PublisHed Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, March 22,1902. SINGLE cbp?Bs, Y fo A cENT
A NATIONAL CORPORATION ACT.
INSTALLMENT BILL IS DEAD.
The piano dealers of Baltimore, as well
The Suggestions Made by James B. Dill at the
Recent Meeting of the Economic Society of as those of Maryland generally, are making
Harvard University Will Be Found Interesting. an active fight against a bill which has been
At the recent meeting of the Economic introduced in the State Legislature to have
Society of Harvard University, James B. all installment agreements recorded as chat-
Dill developed some ideas toward a crystal- tel mortgages. The bill is now before the
lization of his plans for a federal corpora- Judiciary Committee, and we understand
tion law. His proposal is unique and de- that they have reported unfavorably on it,
mands thoughtful consideration. Mr. Dill hence it will be pigeonholed unless it is
brought up in another form. We hardly
outlines his scheme as follows:
"i. It should be optional, as in the case think this likely, as there is no demand for
of the National Banking act, leaving corpor- such a law either in the piano or furniture
:
ations free to organize under State acts if trades.
they choose.
NOT NEW IN THE PIANO TRADE.
"2. It should deny the name 'national' to
"A Broadway florist makes a practice of
any but national corporations, compelling
other corporations who assume that title to pinning a 'Sold* tag upon his finest flowers,
leaving them in plain view of customers
change it.
"3. National corporations should have while they are awaiting their turn to be de-
freedom from State supervision and should livered. These tags have a psychic effect up-
be subjected to taxation by the State only on sales, he claims, for human nature has a
to the amount of property actually in the love of buying what some one else has set
State, and then upon the same basis as an the seal of approval upon—especially if that
some one else's name is in the blue book, as
individual.
is
the case with his chief customers. The
''4. A national corporation should possess
same
plan would doubtless bring results in
in every State all the immunities and com-
other
lines,
though as a rule it would be wise
mercial privileges guaranteed to natural per-
sons by the Constitution of the United States to use it only with high-class goods."



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and of the several States.
This is from Printers' Ink, and we may
"5. It should be protected from State at- say the "sold" tag'scheme is not unknown to
tack to the same extent that the national our brethren in the piano field. The experience
banks are—viz., it should not be subject to of the piano man coincide with the Broadway
attachment or other provisonal limitations florist in the psychic effect the "sold" tag has
which prevail in any State against nonresi- in promoting sales. We agree with our con-
dents—that is to say, being a United States temporary that it would be unwise to use it
corporation, it should be a citizen of the only with high-class goods. It requires high-
United States and a citizen of each State, to grade men and high-grade pianos to utilize
the extent that it has all rights of citizens as it advantageously.
to attacks in the courts.
A BUSINESS CHANGE.
"6. The national corporation should be
subject to national supervision and examina-
The firm of Fillmore Bros, has been incor-
tion, and should require at least private pub- porated under the laws of Ohio with a cap-
licity, which would ultimately result in pub- ital stock of $75,000, and is now the Fillmore
Bros. Co. J. H. Fillmore retains a control-
lic publicity.
"7. An annual report should be made by ling interest in the business, and is president.
the corporation, showing the taxing situs of L. C. Fillmore is secretary and treasurer,
all its property. Such information should be and W. W. Warwick is vice-president and
collated by some Federal authority and fur- business manager. These three officers, with
nished to the taxing officers of the various Chas. M. Fillmore and Frank B. Warwick,
States, in order that the corporation might compose the board of directors. Fred A.
be justly and correctly taxed.
Fillmore is also interested in the new com-
"8. A national corporation should pay pany. No change is contemplated in the
local taxes upon all its property. Its stock established music publishing business of Fill-
in the hands of stockholders should be more Bros. The Cincinnati house has, how-
exempt from taxation of every nature."
ever, been removed to new and larger quar-
Fred Engelhardt, of Roth & Engelhardt, ters at 419 & 421 Elm street. The Eastern
has been selected as president of the village branch remains at 40 Bible House, New
York.
of St. Johnsville, N. Y,'
THE "NEW CENTURY^PIANO CO."
[Special to The Review.]
Minneapolis, Minn., March 17, 1902.
Articles of incorporation of the New Cen-
tury Piano company of Minneapolis were
filed Saturday with the secretary of State.
The incorporators are: M. A. Paulson, presi-
dent ; George L. Matchan, vice-president, and
James W. Nash, secretary and treasurer.
The capital stock is $50,000. The company
has not finally decided upon the location of
its warerooms.
A MILWAUKEE INCORPORATION.
[Special to The Review]
Madison, Mis., March 17, 1902.
The U. T. D. Music Company of Mil-
waukee, with a capital stock of $20,000, filed
articles of incorporation with Secretary of
State Froehlich Saturday. The incorpora-
tors are F. E. Schaad, H. G. Tourtelotte and
F. L. Ford.
THE COLBY PIANO IN NEW YORK.
During the recent visit to New York of
Geo. F. Diehl, president, treasurer and gen-
eral manager of the Colby Piano Co., Erie,
Pa., he placed the agency for the Colby
piano for New York and vicinity with Geo.
W. Herbert, the well-known dealer of 10
East Seventeenth street.
The Colby has an old-time reputation,
which has been materially augmented under
the admirable and progressive administra-
tion of Geo. H. Diehl. The Colby piano
to-day is held in high esteem by a roster of
leading dealers who are disposing of goodly
numbers of these instruments to satisfied
purchasers.
Geo. W. Herbert has ever been associated
with first-class pianos in New York, and it
is certain that he will build up an excellent
trade for the Colby in this locality. It is a
happy union, that of Herbert and the Colby,
for few men can estimate the value of a
piano as Mr. Herbert, and when he selects
the Colby it is a testimonial to its sterling
merits that cannot be lightly overlooked.
W. S. DENSLOW
APPOINTEDTDELEGATE
W. S. Denslow, of the Sterling Piano Co.,
has been appointed delegate to represent the
Brooklyn Piano Dealers' Association at the
Annual Convention of the National Associ-
ation of Piano Dealers, to be held in Balti-
more in May. Mr. Denslow has accepted
the appointment and will be accompanied by
a strong delegation of dealers from "over
the bridge."
\ : ,;.;;
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
RENEW
EDWARD LYMAN BILL,
ESITOR AND PROPRIETOR.
J.
B. S P I L L A N E , MANAGING EDITOR.
THOS. CAMPBELL-COPET.AN'D
EMILIE FRANCIS BAUKH
WALDO E. LADD
Executive Staff:
GEO.
W. QUERIPEL
A. J. NICKLIN
_
Eyery Saturday at 3 East 14th street, New Yort
SUBSCRIPTION (including postage), United States,
Mexico ai".' 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 die-
count in allowed. Advertising Pages $50.00; opposite
reading matter, $75.00.
REniTTANCES, in other than currency form, should be
made payable to Edward Lyman Bill.
Entered at the Neiv York Post Office as Second Class Matter.
NEW YORK, MARCH 22, J902.
TELEPHONE NUMBER, 174S-EIOHTBENTH STREET.
On the first Saturday of each month
THE
The Review contains in its "Artists' De-
ARTISTS
partment" all the current musical news.
DEPARTMENT This is effected without in any way tres-
passing on the size or service of the trade
section of the paper. It has a special circulation, and
therefore augments materially the value of The Review
to advertisers.
DIRECTORY OF
The directory of piano manufac-
PIANO
turlng firms and corporations found
MANUFACTURERS on page 29 will be of great value as
a reference for dealers and others.
EDITORIAL
TOPICS OF THE HOUR.
C VERY winter there is a lot of crank
legislation introduced in the various
State legislatures which is aimed particu-
larly at merchants who dispose of goods
on the installment plan.
As a matter of fact nearly all mercantile
institutions to-day sell on that basis, and
this crank legislation not only affects piano
people, but all lines of merchants as well.
It is not only a matter of special lettering
on pianos, according to the proposed Penn-
sylvania plan, showing that they are sold
on the installment basis, but the recording
of installment agreements as chattel mort-
gages and the putting up of a certain
amount of cash as a guarantee of the con-
duct of a legitimate business.
No sooner are these bills introduced in the
Legislatures than there is an immediate
meeting of merchants of the various in-
dustries, a fund raised, and a delegation is
sent to the State capitols.
It is usually found that a bill was intro-
duced by someone who was willing to be
"approached" on the subject.
As a matter of fact, there are instances
when this kind of legislation amounts to
nothing more than blackmail on the mercan-
tile interests of the country, but piano men,
together with men of other lines of industry
contribute their little quota to keep the pot
of illicit legislation boiling.
D
tributing centers show trade volume up to
that of the past year.
Manufacturers in the East and West have
been busy, and the demand upon the supply
department of the industry continues un-
abated.
Some manufacturers inform us thai they
have sufficient orders on hand to carry them
for some time without an additional order,
and Spring, dear, delightful Spring is here.
We know this because the bootblacks have
their stands on the sidewalk, and the open
cars are again visible. And what are the
promises of the birds, the up-springing of
the flowers compared with sure signs like
these ? Spring means business—good busi-
ness at that.
Old Boreas has apparently relaxed his re-
lentless grip and in almost the twinkling of
an eye, the Arctic drifts of snow have been
succeeded by balmy zephyrs and bright skies,
if not in New York, at least somewhere.
HP HE strike in Boston which originated
among the freight handlers and which
for a time held up some piano shipping, pos-
sessed the same unsatisfactory features of
former strikes. The wanton manner in which
thousands of men not directly interested in
the question at issue, were deprived of their
work, either at the dictation of labor leaders,
or because the action of the original strikers
temporarily paralyzed industry, is only re-
peating the old story.
Y\7 HAT a busy life some pianos lead, and
how quickly some people are won over
by the arguments of suave salesmen that such
and such an instrument is not just exactly
what they should have, even though it has
been in their possession but a short time.
The exchange business in pianos is a large
one, and this readiness to exchange and to
be ever dissatisfied with existing conditions
is typically American.
It is indeed one of the strongest factors in
the progress of this country, and among no
class is it more apparent than among the
piano trade.
''THERE is a steady change going on—
pronounced too, for that matter—in the
fittings of piano establishments.
The South is the only part of the country
where attractive and artistically decorated
piano warerooms are not well in evidence.
Many of our merchants who are desirous
of obtaining a goodly share of what is called
the exclusive trade, have become aware of
the strong influence of surroundings in at-
tracting customers of the wealthier and
more refined class.
ESPITE continued unfavorable weather
While it is not easy for the piano man at
conditions, reports from principal dis~ all times to fit up luxurious quarters, yet
the man who can afford to be in business
can afford to run an attractive place, and
keep his stock in splendid condition—hand-
some fittings, paintings, rich carpets, and
similar accessories essential to an up-to-date
piano business.
This is a form of advertising which should
not be overlooked by the up-to-date merchant,
and we may say the man who is averse to
legitimate expenditure will not succeed in
this progressive age.
We can name certain establishments in
various cities, the proprietors of which have
been far-seeing enough to recognize the ad-
vantages which could be derived from su-
perb surroundings. They have made their
stores talked about, for they are fitted up in a
most modern and ornate way. They spend
money, and it comes back to them in good
form.
The small room idea is growing in this
trade, and there are many establishments
which have aesthetic and handsome quarters
fitted up, which make a splendid feature of
their business.
A LITTLE bird, thinking Spring had come,
stopped carolling long enough to whis-
per that Blumie had two sinking spells last
week when he learned that six department
stores were about to engage in the piano
business, and with no possibility of himself
acting as intermediary. Those fat commis-
sions were tantalizingly near, but—. He was
even willing to spare a few moments from
working the heavy siege guns of abuse on
the Fischer and Hardman fortifications to
have tried to arrange the deals.
'"THE field of credit information is covered
by two leading mercantile agencies.
Yet the truth is that their methods, taken as
a whole, are out of date. During recent years
new credit reporting organs have come in,
and they are working towards efficiency by
specializing different industries.
As a matter of fact many of the ratings
given in the agencies are wholly unreliable,
and do not form a desirable basis for credit.
Character, after all, is the best asset, and
plenty of young piano dealers have worked
up on the basis of character rather than a
long bank account.
C O M E of the trade papers have been ex-
cellent imitators of yellow journalism
in that they evince the fondest desire to try
a case before it reaches the courts.
The oldest and one of the most distin-
guished piano manufacturing concerns of
America proposes to make a test case in
the courts whether a concern of similar
name can, through their own and the
mediumship of various dealers, trade up-

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