Classic Mode

Music Trade Review

Issue: 1906 Vol. 43 N. 22

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12
THE MUSIC TRADE
REVIEW
ings into permanent property interests; no pains property is turned in, its value must be judicially
were ever taken to furnish the worker with a ascertained. Upon officers and directors is not
medium through which he might with reasonable conferred supreme power; in the German corpo-
On the Way to Control Trusts—How the Na-
safety transmute a part of his day's profits into ration the shareholders' meeting is the counter-
tion and States Could Compel Them to
a permanent property interest; no pains were part of our New England town meeting—a gen-
Submit—Problem Solved in Germany—In
taken to interest either worker or people as pro- uine assembly intended to do something more
the Reconstructed Corporation Inducements
prietors at all, the one instrumentality in which than pass resolutions or approval.
to Obtain Proprietorship Would be Held Out
"I am not holding up the industrial life of the
the new industrial life had embodied itself hav-
to Employes—An Able Disquisition.
ing been left, though the State created a mere Germans as an example of what our own should
shell under whose roof and behind whose walls be, or their corporation as an institution to be
United States Judge Peter S. Grosscup, of Chi- free rein was given to every form of treachery! followed, line by line, in our own work of recon-
cago, speaking in Kansas City, a few days ago and nearly every form of theft. This is the great struction. We have found for our workman ways
upon the trust problem and its solution, pointed black sin of the times in which we live.
for increasing his share in the division of the
out that thirty years ago the German people
"But now, you ask, would you remove the profits of enterprise that the German workman
went through corporation experiences very simi- causes—how rebuild the corporation? Let me take does not enjoy. What the American in the ordi-
lar to those through which we are now passing, you, for an illustration, always remembering that nary walks of life could lay by for investment is
and worked out a remedy that has proved thor- it is an illustration only, to that country that has larger, happily much larger, than anything the
ough in its effectiveness.
led the world in solving some of the world's great German can lay by. But the example is none the
In view of the different conditions obtaining problems. Thirty years ago the German people less valuable, for if on such conditions the Ger-
in the United States he did not consider the Ger- went through corporation experiences much like man corporation could be reconstructed on lines
man remedy altogether applicable to the evil in our own. There, as here, the corporation, as that have successfully interested as proprietors
this country, but he particularized some of the originally designed, was a mere shell. There, to the extent of their means, the German people
principles on which he said the reconstruction of as here, under the shelter of that shell, the prop- at large—resulting in the fact that it is not upon
American corporations should take place.
erty of the country was being transferred from her corporate industries, but upon her unjust
"Unquestionably the important position that the German people at large, even the little they landed proprietorship alone that the forces of
Mr. Hearst has obtained in the politics of New had, to the few.
German Socialism are directed—what may not
York, and in the politics of the country, is due
"There, thirty years ago, as here now, great be expected in America when the work of cor-
more than to all other causes combined to the corporate scandals were exposed. And there, as porate reform, in the true spirit of reform, is un-
relation that the corporations of the country are here, the human nature that is everywhere be- dertaken and accomplished?
believed to tear to the people of the country and hind civilization eventually began to recoil. It
"But while I am not attempting in detail to
to Mr. Hearst's attitude on the questions that began there before it began here, only because point out the exact structure of the American
those relations raise. And out of this corpora- conditions reached a climax there earlier than corporation, as it should stand when reconstruct-
tion question, too, Mr. Bryan has obtained his here and because we as a people were too prosper- ed, some of the principles on which the recon-
political power and Mr. Roosevelt his foremost ous and too busy to look even a little way be- struction should take place, can be particularized.
power and position.
The reconstructed corporation, for instance,
neath the surface of things.
"No one not purposely closing his eyes is blind
"But when the work of reform did come there should have no place in it for those schemes of
to what the chief cause of all this is. That cause it was a genuine reform. It did not content itself spoliation that, within or without, plunder the
is not in the mere fact that the great new in- with indiscriminate denunciation or with mere people whose capital has created it, and whose
dustrial life of the country is an incorporated lawsuits. Nor did it die out, leaving the door patronage must support it.
life; the new industrial life could have become open to every character or corporation the cun-
"In the reconstructed corporation the securi-
incorporated as fully as it is incorporated with- ning of men might conceive. Before a corpora- ties issued must be related in some way to the
out producing these results.
tion can be organized in that country it must values actually put in. In the reconstructed cor-
"The trouble has been that no pains were taken prove, as in a court proceeding, its rightful title poration, not only must the officers be trustees of
by the States that gave great corporations birth to a corporate existence. In the same way it the stockholders, held to the strict accountability
to make them media through which the people must establish the amount and the character of
to which individual trustees are now held, and
at large might transmute their individual sav- the capitalization it is allowed to put out. When denied the privilege as individual trustees are
JUDGE GROSSCUP'S TIMELY SPEECH
,*;.
THE
IMSIGNIJi OF QUALITY
TIME TO ACT
CJ Prompt action is necessary if you want the agency for the H. P. NELSON
piano next year. Half our 1907 output is already arranged for.
CD We want only first-class dealers looking for the best of instruments.
IJ To such we will send upon application a set of photographs of our styles,
handsomely bound. -
H. P. N E L S O N
C O . , 1102-1108 Marianna Street, CHICAGO
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
now denied, of making profit out of their trust,
but the administration of the trust, as to the case
of individual trustees, must be constantly kept
under the eye of some tribunal of the Govern-
ment. And in the reconstructed corporation, tan-
gible inducements ought to be given to the work-
men, the clerk, the employe of every kind, to ob-
tain proprietorship.
"I shall not attempt to point out in detail how
existing corporations shall be brought into the
new regime. Considering, however, that exist-
ing corporations depend largely on the public
from time to time to take their securities, espe-
cially their bonded securities, the probability is
that, as a matter of self-interest—in many cases
of life or death—existing corporations would be
compelled to conform their organization to the
reconstructed organization prescribed by the Gov-
ernment, for otherwise they would brand them-
selves as suspects.
"Then, too, within the respective powers of the
Nation and the States to prescribe the kind of
collateral that banks, insurance companies, and
savings institutions shall not take for loans, the
Nation and States could exert a leverage toward
the new order of things that could not be re-
sisted, for nearly every great corporation is a
heavy borrower from these financial reservoirs
of the people's wealth.
"The lesson of the New York election is that
without doubt the relation of the corporation to
the people is the question of the hour."
NEW CONCERN IN ELGIN, ILL.
(Special to The Review.^
Elgin, 111., Nov. 26, 1906.
Harvey L. West has purchased a one-half in-
terest in the W. S. Bayless music store located at
No. 7 Spring street, and the firm will begin do-
ing business under the new name the first week
in December. The stock will be increased con-
siderably, and a repair shop for pianos, organs
and pipe organs will be opened in the basement
of the building. They will make a specialty of
repairing musical instruments, of refinishing
cases and tuning. Mr. West has been employed
by Lyon & Healy, the Baldwin Piano Co., and the
John Church Co.
J. Gordon Morse, the much-sought-for piano
man, was arrested in Montana last week. As
previously stated in The Review, Mr. Morse was
wanted on charges of forgery by the police of
Madison, Wis., and other cities.
A. P. Pierce has leased a store in Brodhead,
Wis., and will put in a stock of musical goods
at an early date.
TRADE NEWS FROM BALTIMORE.
Retail Trade Much Improved This Week—
Good Reports from Ambassador Grass—A.
W. Eisenbrandt Honored—Pianola Recital
Attracts—Saint-Saens Recital—Other Items.
(Special to The Keview.)
Baltimore, Md., Nov. 26, 1906.
There ha 1 ? been a deeded increase in the local
trade during the past week, and the dealers are
very much pleased over the outlook for the com-
ing month. While business during the present
month has been good, the dealers throughout the
city claim that it was not what it should have
been, and, consequently, they were somewhat dis-
appointed with the business, and were rather in-
clined to take a pessimistic view of the situation.
The increased demand for high priced pianos still
continues, and several of the dealers report that
they are having considerable trouble getting the
cheap piano off their hands, as all the Baltimore
public now seems to care for is the very best in-
strument that can be purchased. As has been the
case for the past months the manufacturers are
still behind hand, and are having strenuous
times catching up with their orders.
William Knabe, of William Knabe & Co., re-
turned from New York yesterday, where he had
sojourned for the purpose of superintending the
opening of the new warerooms in that city. Mr.
Knabe has been the recipient of many congratu-
lations from his friends over the excellent show-
ing the firm have made with their new ware-
rooms.
George N. Grass, traveling representative for
the Knabe house, is touring the Southwest for
the firm, and reports that the Knabe piano busi-
ness is excellent. He will return by way of Cin-
cinnati and St. Louis.
"Business has considerably improved," said Jo-
seph M. Mann, of the Gilbert Smith Piano Co.,
"and I am getting my share of the trade." Geo.
P. Phelps, of the Brockport Piano Co., makers
of the Capen piano, was a visitor at the Gilbert
Smith Piano Co., yesterday, and the guest of Joe
Mann. Mr. Phelps has just returned from Rich-
mond, Va. Alfred Meinberg, traveling represen-
tative of the Biddle Piano Co., New York, was
also a visitor.
A. W. Eisenbrandt, of H. R. Eisenbrandt Sons,
Charles and Lexington street, was recently ap-
pointed by Mayor Timanus, of Baltimore, a mem-
ber of the Board of Supervisors of City Charity,
to succeed Henry Steffens, deceased. Mr. Eisen-
brandt served four years in the Second Branch
of the City Council, and is now a member of the
Free Public Bath Commission.
Everything points to a record breaking attend-
ance at the piano recital to be given by Camille
13
Saint-Saens, the celebrated French composer, at
the Lyric on December 8 for the benefit of the
Vacation Lodge. This will be the composer's
only appearance in Baltimore during his present
American tour, and all the music lovers are going
to take advantage of the opportunity.
An excellent concert was recently given by the
Sanders & Stayman Piano Co. for the purpose of
demonstrating the work of the Pianola. The pro-
gramme included Liszt's Hungarian Rhapsody,
No. 14; Liebestraume, Paganini Etude, Faust
Valse, Grand Galop Chromatique and Verdi-Liszt
Rigoletto Paraphrase, while the orchestrelle gave
Memories of Versailles and Communion in G.
There was a large audience present, and the num-
bers were repeatedly encored.
J. H. Williams, of the Stieff Piano Co., says
business has picked up considerably, and that
local trade as well as wholesale business is good,
and far better than he at first expected. "The
remarkable increase in the sale of high-priced
pianos," said Mr. Williams, "is very pleasing, and
we are having some difficulty in selling the low
priced pianos we have in stock. During the past
week we have sold at least a half dozen pianos,
and they have all been expensive instruments."
Professor Emanuel Wad, who plays the Knabe
piano, will give a recital at the Peabody Institute
Friday afternoon. He has chosen a programme
rich in interest, containing as it does many well-
known masterpieces and a number of works that
will be heard for the first time at these recitals.
REMARKABLE DEMAND FOR GRANDS.
(Special to The Review.)
Newark, N. J., Nov. 27, 1906.
A feature of the Lauter trade for the past
week has been the remarkable demand for grand
pianos. Orders have been coming into the con-
cern from all parts of the country, and the most
agreeable feature of these is that many are re
peat orders from dealers who but lately took
their first grand and are delighted with it.
The Lauter Style 28, mission player-piano is
also decidedly popular, and it is evident that
there is a growing class of piano buyers who
wish a piano in mission style to match the wood
work of music rooms. This instrument was
especially designed for this purpose, the com-
pany undertaking to match exactly the wood-
work in every given instance.
Trade in all the Lauter retail stores for the
past week has been exceptionally heavy. P. F.
Campbell, secretary of the company, states that
the total of business for 1906 will far exceed the
total for 1905.
Charles A. Borst, the Lauter's eastern travel-
ing man, is now in New England. He finds the
demand exceptionally good, especially for
player-pianos.
ABSOLUTE CONTROL OF TEMPO
NOT AFFECTED BY THE PEDALLING IS ANOTHER
OF THE MANY SUPERIOR FEATURES OF THE
MASTER (PLAYER) PIANO
WINTER
1O1-4 Southern Boulevard
<
& CO.
New York City

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