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THE
REVIEW
JfflJSIC TIRADE
VOL.XLIV. No. 16. Published Every Saturday by Edward Lyman BUI at 1 Madison Ave., New York, April 20, 1907
PROSPERITY SHOWS NO HALT.
Business Men in Various Sections of the Country Enjoy the Largest Trade in History—All Signs
in the Business World Point to a Continuance of Good Times—In the East as Well as the
West There Is No Indication of Slowing Up—Piano Trade Active With the Rest.
Business men who have their fingers on the
pulse of the country have just finished the task
of balancing their books for the first quarter of
1907.
Invariably they have found that the volume of
trade has increased in large percentages over that
of a corresponding period last year. In the
clothing, dry goods, boots and shoes, coal, lum-
ber, steel, farming implements and other mer-
chandise lin«s there has been a steady growth
of trade that has not been affected in even the
slightest degree by the recent slump in Wall
street.
Collections are better and more prompt than
they ever have been. Western farmers have
ready money to pay for the goods they buy.
Country merchants are prosperous. They are
sending to Chicago orders for deliveries far into
the fall season. They bring word of a solid, firm
and apparently lasting prosperity.
The mills of the country are away behind in
the filling of orders, consumption is greater and
shows no signs of decreasing. The press of the
United States is almost a unit in predicting the
continuation of good business. Below we re-
produce a few of the recent opinions of leading
journals in various sections of the country.
Piano men will be interested in noting that con-
ditions are such that all legitimate lines of
trade should be stimulated by the optimistic
outlook:
Bilious Talk Unwarranted.
Boston Herald.—"Temporarily there may be
heard here and there bilious expressions of dis-
gruntled and discouraged individuals, but they
plainly have no good foundation, and, from
Judge Gary's interview, they are not entertained
by the man most likely to know what he is talk-
ing about."
Prosper While We Can.
Chicago Inter-Ocean.—"The thing to do, and the
only sane thing to do, is to prosper as much as
we can while we can—to 'make hay while the
sun shines,' as the old proverb runs. When the
clouds gather and obstacles arise in the road
and we are halted, then, of course, the task is to
pause and remove the obstacles."
Confidence Will Keep Good Times.
Rochester Democrat and Chronicle.—"Unfor-
tunately it is possible by predicting hard times
to take the edge off our industrial activity, just
as groundless hints can start a run on a perfect-
ly solvent bank. Confidence in the continuation
of good times will go far to insure it. There are
many timid people who are easily frightened
into postponing contemplated enterprises and
creating a tendency to take in sail when the sky
is clear."
Stop Harping on Dangers.
Washington Star.—"One of the surest ways of
bringing about a setback in the tide of prosperity
is for men of prominence in the financial world
to keep harping on the dangers that are ahead.
Such talk, whether founded upon probability or
not, is calculated to make men nervous and ap-
prehensive; to cause them to curtail expenses
and investments."
Need be no Fear.
New York Tribune.—"The stringency of credit
which it has occasioned has caused some alarm
in and out of Wall street. But it has not handi-
capped production and exchange, and so long as
general business conditions continue sound, as
they are to-day, there need be no fear of any
sudden shattering of the nation's prosperity."
Prosperity Not Dangerous.
St. Louis Globe-Democrat.—"The probability is
that the country is not in the slightest danger
from the prosperity which has struck, it. We
have not bitten off more than we can chew. 'The
United States is a tremendous success,' re-
marked Speaker Cannon a few months ago."
TRAVELERS' TAX REPEALED.
(Special to The Review.)
Washington, D. C, April 16, 1907.
Consul-General Church Howe, of Montreal, re-
ports that the license or tax imposed some two
years ago by the Province of Quebec on non-resi-
dent commercial travelers representing persons,
firms or corporations having no place of business
in Canada, was repealed by the provincial legisla-
ture on March 14.
There is now, therefore, no license required in
this Province by non-resident commercial trav-
elers, except those selling intoxicating liquors,
which latter will be regulated by the new liquor
license, particulars of which will be sent later.
It is also reported in the press that British Co-
lumbia has repealed the tax on commercial trav-
elers (other than those representing liquor and
cigar firms), thus "falling into line with the
other Provinces of the Dominion." Prince Ed-
ward Island, however, still imposes on non-resi-
dent commercial travelers a license fee of $20.
BIG KURTZMANN SALE.
Only Theoretical Reasoning.
Chicago Record-Herald.—"The manufacturers
are the first to be affected by any 'recession,' and
aa long as they are busy and hopeful and in need
of additional labor there is nothing but specula-
tion and theoretical reasoning in warnings of in-
dustrial reaction."
Prosperity Based on the Farm.
Chicago Journal.—"The prosperity of the coun-
try is based upon the farm, not upon Wall street.
Wall street may have the blues, as it had a week
or two ago, but the time has gone by when they
have any serious effect upon the country at large.
Perhaps money is tight and growing tighter; per-
haps the railroads will therefore have to lessen
their expenditures; perhaps trouble is in store
for the men who control the finances of the na-
tion. But the farm was never so well off as it
is to-day."
Prostration Not Probable.
Philadelphia Record.—"The fact that the stock
slump of last month did not precipitate a panic
and that the statistics of bankruptcies continue
favorable, indicates that the country has added
greatly to its wealth and has not suffered heavy
losses. Without extensive losses a prostration of
business is not probable; it is hardly possible,
though, of course, business cannot always keep
up to its present uncommon pace."
Kentucky Dealers Make Good Sale of Weil-
Known Buffalo Piano.
(Special to The Review.)
Louisville, Ky., April 15, 1907.
Each of the eight companies composing the
First Regiment, Kentucky National Guard, was
voted a piano from the proceeds of the regiment
ball held on Monday evening last. The regiment
recently moved into their handsome new armory
and new pianos were all that were needed to
complete the appointments of the company
rooms.
The instruments chosen were Kurtzmann
pianos, and they were purchased from the local
store of the Smith & Nixon Co.
The piano company, by the way, has introduced
a new plan for increasing sales, offering a piano
to the school boy or girl submitting the list of
prospects resulting in the largest number of
sales. The contest ends June 1, and has resulted
in very earnest work on the part of the school
children and many sales for the Smith & Nixon
Co.
TO PRINT OWNER'S NAME.
Duell
A BOOM FOR BAY CITY.
We are in receipt of much interesting printed
matter from V. W. O'Brien, the piano dealer of
Bay City, Mich., anent the boom now under way
in that city. It is the idea of both capital and
labor, according to Mr. O'Brien, to not alone
bring Bay City to the attention of the industrial
element of the country, but to boom the entire
Saginaw valley. The enthusiasm is supreme, and
it will not be long before Bay. City will be in-
cluded in the list of large manufacturing centers.
E. G. Wilson has opened a music store in Mor-
rjsville, Vt, for A. L. Bailey, of Burlington.
SINGL E
0
S
CENTS
-
$ 2 .OO PER YEAR
Bill Reported—Provides That Owners'
Names Must Appear in Newspapers.
The Assembly Committee on General Laws in
the New York State Legislature has reported a
bill of Assemblyman Duell, which provides that
after July 1 "every newspaper, magazine or other
periodical printed in this State shall publish
in every copy of every issue upon the outer cover
at the head of the editorial page the full name
and address of the owner or owners of the pub-
lication, and if the owner be a corporation, then
the names of the corporation and the address of
its principal place of business, together with
the full name and address of the president, secre-
tary and treasurer thereof."
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