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THE MUSIC TRADE
STORY & CLARK FAVORITES.
Two New Styles That Have Added to the Fame
of the Manufacturers.
(Special to The Review.)
Review Office, 36 La Salle Street,
Chicago, 111., July 27, 1904.
The new scale pianos recently put on the mar-
ket by the Story & Clark Piano Co. have created
little less than a sensation in the trade. The
REVIEW
RECEIVER FOR E. D. ALBRO CO.
The Well-Known Veneer House Forced Into
This Position in Order to Protect*Interests
of Creditors—This Move Expected.
11
SCRUTINIZING CREDITS
Men Becoming Very Careful, With the
Result That Business Is in a Healthier
Condition Than for Some Time.
Piano manufacturers are scrutinizing credits
more closely than for several years. Dealers are
Cincinnati, O., July 27, 1904.
A receiver has been appointed by Judge Spiegel disposed, in not a few instances, to carry as large
for the E. D. Albro Co. doing business as manu- a stock as when their business was most favor-
facturers of veneers at 1013 West Sixth street. able, but the factories taking tho view that buy-
The suit was filed by the estate of Thomas Mc- ing conditions warrant, are curtailing sales and
Dougall. The executors of that estate say that decreasing risks with this class of dealers. Chat-
they became sureties on a debt to the First Na- ting informally on general trade topics with The
tional Bank for the Albro Company for $15,000, Review, this week, one of the leading New York
which has not been paid, and they are therefore manufacturers of medium high grade pianos,
said:
liable as such sureties.
"With us there has been a marked curtailment,
It was alleged that the company had become
insolvent and had ceased to do business, and the of credits. Last year no inconsiderable number of
assets, consisting of real estate, machinery and our dealers accorded an open account of $2,000,
stock on hand were liable to be lost to the credit- are now cut down half. Satisfactory evidence
ors. There were threats of suits, and a suit and having been placed before us that their sources of
judgment had been filed and obtained and a re- income have been lessened and as their paper be-
ceiver was necessary for the preservation of the comes due, with collections falling off, they are
looking to the manufacturers to tide them over by
property.
On this plea the company answering and admit- either looking for new connections or counting
ting the allegations, Judge Spiegel appointed on the usual shipments. Our firm are watching
Charles Le Roy Garson as the receiver, with a those dealers, and we have declined and will con-
bond of $50,000. One of the chief causes of the tinue to refuse to them only a moderate and what
XKW STYI.K (i, STOIIY & CLAUK.
action was a suit and judgment in New York for we judge is a fair credit. Ours is a conservative
term "cabinet grand" applied to them by the mak- about $10,000 by J. S. McVity, who is a stock- policy, and we do not care to do a hurrah busi-
ers is no misnomer., The resonance and power holder of the concern as well as a creditor. I t ness, and we are satisfied the class of trade re-
of tone, which is truly remarkable, places these was desired to have the receiver appointed so as ferred to are trying to maintain their former
instruments in the front rank of high-grade to prevent that judgment being levied on the con- volume of sales under adverse conditions. As a
pianos. Some little idea of the exterior of these cern and in a suit to assess the stockholders to matter of fact we could now double our factory
superb instruments may be obtained from the offset McVity's claim by the claim against him output if all the orders sent us were accepted.
Last year we did a business of $900,000, and sus-
accompanying illustrations of the new style 6 on his stock liability.
The assets of the concern are estimated at tained a loss of only $650."
and new style 8. The cases are massive but well
proportioned and decidedly graceful in design and $150,000 and the liabilities $100,000. The com-
outline. The hundreds of letters from dealers, pany has been doing no manufacturing since last WHAT INQUIRIES BROUGHT FORTH.
unsolicited but unqualified in their praise of the January, but has been selling its stock of ven-
eers. It was running behind and it was unwise The Suggestions of Dealers on Piano Case
to continue longer. The president is Taylor Mc-
Designs Reveal Varied Views as to What
Dougall; the secretary and treasurer, Anthony
Is Best.
bteigler. The capital was $150,000, of which
$128,000 was issued. The business was originally
Not long since a piano manufacturer bringing
commenced many years ago by E. D. Albro, but out a new style, and desiring a name out of the
the present company was incorporated in 1878.
ordinary, yet appropriate and euphonious, took
the trade into his confidence and asked for sug-
NEARINQ COMPLETION
gestions. To be sure the request was confined to
the regular dealers of the house, and who were
Is the New Four-Story Factory of the Stevens
greatly
complimented thereby. The replies were
Organ Co., Marietta, O.
numerous, as might be expected, and the titles of-
The new four-story building which has been fered ranged from grave to gay, from mirthful to
under erection by the Stevens Organ & Piano Co., severe. Many names in use for years by other
is now nearing completion and awaits only the manufacturers were sent in as If they were orig-
placing on of the roof before the company can inal discoveries, and an equal number of archaic
take possession. The building is 100 x 50 feet, combinations were received. A few J probably
XKW STYI.K 8 , STOIIY & I'LAItK.
and is directly west of the present building. The with agricultural implements in view, favored
artistic appearance and superior tone qualities output of the concern will be greatly increased Indian designations, and among them were the
of the new styles, have been the source of much by the enlargement of the business, and the force uncongruous "Cherokee," "Little Scout," "Big
gratification to the makers. The manner in of men will be increased by forty or fifty. A Chief," "Lone Bear," etc. The manufacturer in
which the new styles are duplicating also fur- great deal of new machinery and new devices question made his selection, a happy one and
nishes very pertinent evidence of their merit.
used in the manufacture of organs will be in- artistic as well, but whether his correspondents
stalled as soon as the building is completed. The were an aid no information was vouchsafed.
building was built by the local contractor, C. W.
SELECTED BARCKOFF PIPE ORGAN.
DECKER & SON'S SPECIAL DESIGN.
Dowling, and will be a most complete structure
throughout. The old building will be at once re-
(Special to The Review.)
Decker & Son, 971-975 East 135th street, have
modeled as soon as possession is gained of tho
Springfield, O.., July 27, 1904.
just
shipped a handsome Decker & Son parlor
The Rev. E. H. Dornblaser, pastor of the Sec- new building. New offices will be fitted up in the grand of special design. One of the features of
old
building,
and
the
balance
of
it
will
be
used
ond Lutheran Church, to-day received a check
this instrument is the finishing, to order, in un-
for $1,000, the donation of x\.ndrew Carnegie to as a warehouse for storing stock. It will require varnished, unpolished oak. The owner, when he
about
two
weeks
before
the
company
can
get
in-
(he congregation for the purchase of a new pipe
receives the piano, is going lo attend to the case-
organ. At the time the donation was made, seven stalled in the new building.
decorations in pursuance of an original plan of
or eight months ago, it was stipulated that the
Louis Goldman, secretary of the Bailey Co., left his own.
congregation must raise a sum equal to it. This
town on Saturday with Mrs. Goldman for Sulli-
was done and a new organ ordered. It is from
John D. Evans, of Newby & Evans, Southern
van county, this State. He will return within
the Barckhoff Church Organ Company, of Pom-
two weeks, as the outlook for a lively fall trade Boulevard and 136th street, is making a short
eroy, O., and is now being installed. It will be
eastern trip this week.
m Bailey pianos is most encouraging.
ready for use in a very few days. To thoroughly
test it a series of three organ recitals will be
given at the church, the first on next Thursday
night, at which time Mr. Rodgers, of the organ
company, will be the organist, while Mrs. Walde-
mar von Dahlen will sing.
(Syecial to The Review.)
BEHR BROS. & CO.
The pipe organ which was recently erected by
the Estey Organ Co., of Brattleboro, Vt., in the
Methodist Church, at Bedford, Pa., was ready
and formally dedicated on Sunday last.
PIANOS,
20th Street and I Ith Ave.,
NEW YORK.
HIGHEST STANDARD OF EXCELLENCE.