Music Trade Review

Issue: 1905 Vol. 41 N. 9

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
6
EDWARD LTTMAN DILL,
Editor and Proprietor
J. B. SPILLANE. Managing Eait«r.
EXECVTIVE AND REPORTORIAL STAFF:
GEO. B. KKLLER,
W. N. TYLER,
EMILIE FRANCIS BAUER,
WM. B. WHITE,
W. L. WILLIAMS,
A.J. NICKLIN,
GEO. W. QUERIPEL.
BOSTON OFFICE:
CHICAdO OFFICE
ERNEST L. WAITT, 255 Washington St.
E. P. VAN HAULINGEN, 1362 Monadnock Block.
PHILADELPHIA OFFICE:
MINNEAPOLIS AND ST. PAUL:
5 T . LOUIS OFFICE.
R. W. KAUFFMAN.
E. C. TOREEY.
C H A S . N. VAN BUHE.N.
SAN FRANCISCO OFFICE: ALFRED METZGER, 425-427 F r o n t . St.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at the New York Post Office as Second Class Matter.
SVBSCRIPTION (including postage), United States, Mexico and Canada, $2.00 per
vear ; all other countries, $4.00.
ADVERTISEMENTS. $2.00 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount la allowed. Advertising Pages, $50.00; opposite
reading matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
i.yman BUI.
On the first Saturday of each month The Review contains In its
THE ARTISTS' "Artists' Department all the current musical news. This is effected
without in any way trespassing on the size or service of the trade
DEPARTMENT section of the paper. It has a special circulation, and therefore
augments materially the value of The Review to advertisers.
T h e dlrec
DIRECTORY •/ PIANO
t ° r y °* P'ano manufacturing firms and corporations
" r j ™ v J 5 T . ™ IANO found on another page will be of great value, as a reference
MANUFACTURERS
f o r dealers and others.
LONG DISTANCE TELEPHONE-NVMBER 1745 GRAMERCY.
NEW YORK. SEPTEMBER 2. 19O5.
A
1MAXO manufacturer remarked some four years ago to The
Review that his highest ambition was to build three thous-
and pianos per year. "There," he said, "I shall halt, because I am
satisfied that if J go beyond that, it will be difficult to market pianos,
and get my pay for them on the short time principle on which this
business has been built."
This same manufacturer has long since passed the three thous-
and mark. In fact, he has been steadily climbing up until he has
added several figures to it, and the question naturally arises has he
found it necessary to extend his terms of credit?
Without question he has, for it is known that he gives quite as
generous time as the average manufacturer, and formerly he was
absolutely ironclad on his maximum time limit.
I
NHERE are some who believe that it is impossible for a piano
manufacturer who desires to turn his capital quickly, to
market more than four or rive thousand pianos annually on the short
time basis.
That leads up to the question, is there more money in it for
the manufacturer to hold a limited product and get his pay quickly,
or to branch out and extend his credits, of course creating more
instruments ?
That depends. It is certain the credit department of many
institutions needs overhauling. It is out of date, and does not work
with the regularity and precision which is desirable in a modern
business institution.
To help out on the credit end of the business there will arise
more trust companies which will purchase piano paper at market-
able figures, approximating its face value, with of course interest
charges and reasonable deductions.
trust or loan companies have been very active in the
-L
book trade, and in fact, one of them is said to have reached
a point where it has loaned more than a million dollars to book
publishers whose products have been sold on the instalment plan.
In this way the capital may come from outside sources to furnish
the piano merchants and manufacturers sufficient monies to extend
their business, because it must be extended. We arc too pushing
and too energetic a people to simply halt and permit piano sales to
be made only when the people come in to purchase. We will" con-
tinue to sell them in thousands of cases where the people are not
anxious to buy, but will be induced on account of arguments pre-
sented, but the money must be forthcoming from some outside
source.
Now, if these loan companies will supply all the necessary cash,
why a vexations problem will be removed and manufacturers can
sell, on short time rather than long, and the dealers can pa)' for their
instruments by simply arranging with these loan companies to carry
their paper.
W
I T H O U T such organizations, it will be more difficult as
time moves on to extend the piano business beyond cer-
tain narrow limits. It will be hard for manufacturers of moderate
means to cover large territory and meet the kind of competition
that comes from collossal organizations which can arrange to carry
their own dealers' paper without going to foreign sources.
A good many of the smaller manufacturers are to-day find-
ing it extremely difficult to meet some of the terms offered by larger
competitors. The grind will become more and more pronounced
until there is relief furnished, and it must end eventually in the
defeat of the smaller concerns. Outside capital from companies
formed for the purpose of carrying a vast amount of instalment
paper will save the day. It is worked in the book trade successfully
as well as in other lines where merchandise is sold on the instalment
plan.
F
W L L is here, and from all accounts it is going to be a season
of unprecedented business activity. There is no doubt that
the distribution of merchandise this autumn will be extremel)
large. According to the mercantile reports trade is progressing
unusually early this year, and the volume of fall business is so
heavy, that the last half of 1905 promises to establish a remarkable
record of commercial activity. Already dealers are beginning to
send in orders which indicate that their stocks are in such a de-
pleted condition that they can't meet the first demands of the fall.
Collections have shown a decided improvement recently.
Labor disputes-have reached settlement, and no serious controver-
sies are threatened, while in many sections the supply of wage
earners is inadequate. Already there are freight blockades which
are causing delay in the shipments of crops and merchandise. Truly
this trouble will become more and more accentuated as the fall ad-
vances.
I
^ H E dealers who have ordered pianos shipped early have shown
their wisdom, for as we have predicted in earlier issues there
will be a tremendous rush later, and tlie conditions will render it
impossible for the manufacturer to fill his orders with anything
approaching rapidity.
The reports received by Dun from large manufacturing
centers show^s that with scarce an exception plants in all lines are
being worked close to full capacity, with little idle machinery ex-
cept where alterations or improvement are in progress, and contracts
on hand far exceed those held at this date in 1904.
t
^ QUALLY gratifying is the confidence expressed in the future
-v which is a prominent feature of most of all these industrial
reports. The conditions are further improved by crop prospects
which help to increase the good feeling.
The question naturally comes up with business of all kinds
rushed to its fullest capacity, will prices remain stationary, or will
the}' advance?
There are a number of people who incline to the belief that
pianos which are sold after October 1st, at new contract rates will
be marked up in price. Surely everything points to the most active
fall that this industry has ever seen, and there is a tendency to ad-
vance the price of raw materials, which, of course, must affect the
piano business as well as all others.
Our advice is to order now.
A
MONG the young men who are fond of making sarcastic refer-
ences to Fate because they have not been more successful,
this expression is very common: "I'm earning all the money I'm
getting. I don't intend to do any more work than I'm paid for."
This rule a great many men follow very carefully. They esti-
mate what they think they ought to do to earn their salaries, and
they feel that the)^ are absolutely just to their employers because
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
they are conscientious in their efforts to earn exactly what is
paid for.
This logic may be sound, although usually a man's estimate of
what work is worth is not very accurate; but it is about as dangerous
a mental attitude as a wage-earner can well take.
If a man is not worth more than he is getting, it stands to
reason that H E WILL NEVER GET MORE.
As long as he is earning his present salary, his employers have
no object in paying him one which he doesn't earn. When a man
who owns a business raises a salary, he does it because he finds it
profitable to himself to do so. There is very little sentiment con-
cerned in the transaction. The employer doesn't pay a lazy man any
more money in the hope to make him industrious. That hope would
never be realized.
SALESMAN connected with quite an important institution
remarked in The Review office the other day, "I have no con-
fidence in the pianos we sell, and we ask too high a price for them,
but that is the old man's policy."
Incidentally he stated that he had just closed a sale for a
piano for $350 which cost $98 wholesale. Frankly, we do not see
how a man can be enthusiastic in a proposition of that nature un-
less he proposes to wear the highwaymen's cloak and wield the
bludgeon as a profession. How is a man expected to become an
enthusiast with a line of goods he is selling which he knows are
offered to the public at dishonest prices? How can he present any
honest arguments from a retailer's standpoint to force his sales?
To succeed, men must feel enthusiastic in the wares which they
offer, particularly, wares in which personality cuts such a large
figure as it does in pianos. A salesman must believe in his product
and honesty will grow out of that belief. He must believe the in-
struments are right, whatever the price asked. Confidence in one's
own wares is the first essential to good salesmanship.
A
T
H E plan of holding cabinet meetings at stated intervals at
which time all matters may be discussed which affect the in-
terest of every department is steadily growing. The Aeolian Com-
pany, with its allied interests, have long made it a point to hold
regular meetings after meals at some one of the principal hotels,
where the heads of the various departments express their views upon
general conditions, and suggestions are made as to possible better-
ment which may be accomplished. The views of the salesmen and
managers must necessarily be helpful; after an hour at the banquet
board salesmen will feel freer to talk than if discussions were held
during rush business hours.
These meetings which are held for the purpose of talking busi-
ness over are of obvious help to the managers, salesmen and to the
business. They stimulate men in their work, and they bring oui.
many points which operate to trade advantage, which otherwise
would not be brought to the surface.
T
W O interesting and important decisions have just been handed
down by the Commissioner of Patents under the new 7 trade-
mark act. They illustrate principles of the new law which should
bo carefully borne in mind by trade-mark owners.
The most important of these cases was a contest between a
manufacturer who had registered the word "President" as a trade-
mark for suspenders, and a firm who had employed the same mark
on half hose supporters. The two claims were for the same mark,
though for somewhat different articles, constituted what is tech-
nically known as "interference." The examiner of interference
reached the conclusion that while the half hose, manufacturers were
the first to employ the trade-mark upon their product, the suspender
manufacturers used theirs upon suspenders, and he decided that
they could not be prevented from continuing its use so long as they
did not vise it on half hose supporters.
T
HE appeal from this ruling was taken to the -Commissioner of
Patents, whose decision is so comprehensive that it will be of
interest to all trade-mark owners.
The Commissioner explains that the articles do not conflict,
and that after reviewing the evidence in the case, he reaffirms the
examiner. In all trade-marked articles it is the evident opinion of
the patent authorities as well as of the courts to protect individuals
and corporations in their trade-mark rights. But one thing is cer-
tain, no man can have a monopoly of any particular word outside
of a particular line of trade. It will pay manufacturers to have
their names registered under the new law. It will afford them the
kind of protection which will be strengthened with the passing of
the years.
FIRM of typewriters have just inaugurated an interesting
bonus system for rewarding long and efficient service on the
part of their employees.
Like many other manufacturers of large plants where skilled
labor is required, they recognize the desirability of offering some
definite and perhaps pecuniary incentive to diligence and faithful-
ness, and some tangible inducement for their employees to remain
with them. Incorporated with the service is a badge system, and
the badges are marked in figures to designate between ten and
twenty years' service. The badge is not merely a decoration, but
every badge wearer is entitled to participate in the bonus distribu-
tion which consistes of fifty dollars in gold for a man contingent
upon loyal, diligent and uninterrupted service. This concern dis-
tributed nearly twelve thousand dollars in June. They also offered
prizes for good suggestions, with the intention to encourage thought-
fulness and ingenuity among all employees. Such methods indicate
that the tendency of the times is to encourage the employee to think,
to have men work with their heads as well as their hands, and in this
way to arouse the intellectual interest of the entire working force.
In a number of our piano institutions there has been concerted
effort on the part of a number of manufacturers to improve the
conditions of their men. For some years the A. B. Chase Co., of
Norwalk, have offered annual prizes for suggestions in the various
departments of the factory. All of this kind of work must succeed
in building up a higher standard of efficiency among the men.
A
T
HERE is a piano manufacturer in the State of New Jersey who
caters entirely to retail purchasers. His advertisements
which appear in various publications of wide circulation, empha-
size "the saving which the purchaser can make by getting the instru-
ment direct from the factory, thus avoiding a dealer's profit." Of
course that is the same principle upon which the catalogue house
trade has been built. It has been the alleged cutting out of an inter-
mediate profit and in most instances the instruments purchased have
been of the cheapest quality, for which people have paid good round
prices, believing they were getting them extremely cheap and that
belief influenced their patronage with the catalogue house. But
to return to the New Jersey manufacturer. This man is als
dent of a National Bank. He sends out letters which nre supposed
to be confidential, addressed to "my dear friend." In this communi-
cation he endeavors to convey the impression that while he is Presi-
dent of a bank he is willing to make a draft upon his time to help
in the selection of an instrument which may be purchased by "his
dear friend."
H
IS wording is somewhat enthusiastic, and even exuberant
at times, and he says he "cannot overstate or overpromise,"
but he is willing to go into the wareroom, after laying aside his duties
at the bank, and select a piano for his "dear friend." Is this manu-
facturer not pursuing rules contrary to those recommended by the
National Banking Association? The natural inference upon read-
ing his confidential letters would be, to those not posted, that it was
an unusual concession on the part of a President of a National Bank
to select a piano for them personally. They might be a little flat-
tered by such attention, but to those who are posted, the thought
would occur that the man was playing rather a smooth game, com-
bining banking with piano making, in a misleading way. It is the
only instance that we have ever known where the President of a bank
sent out just this kind of literature.
N
OW that peace has spread her white wings over the warring
legions in the Orient, it is certain that the commercial inter-
ests in those countries must thrive in a manner which will benefit
American manufactures of various kinds. While we may not mar-
ket many pianos in Japan, Corea or Manchuria for the next few
years, yet there will be a live market there for many of our products,
which will cause the wheels of industry to spin round at a rapid
pace. The part that has been played in the last act of this great
drama by the President of the United States will be helpful to Ameir-
can interests everywhere, for this country stands out in strong re-
lief not only as a peacemaking nation, but a colossal power amid
the Governments of earth.

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