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THE
REVIEW
ffUSIC TIRADE
VOL. X L V . No. 1 8 . Published Every Saturday by Edward Lyman Bill at J Madison Aye, New York, November 2,1907
TO EXTEND OUR FOREIGN TRADE.
Important Conference at the Department of
Commerce—Secretary Straus Invites Repre-
sentatives of Chambers of Commerce and
Boards of Trade to Meet With Him and Con-
sider Means to Get Foreign Business.
(Special to The Review.)
Washington, Oct. 29, 1907.
An important movement, having for its pur-
pose the extension of the foreign trade of the
United States in manufactured products, will be
started in this city on December 5, when Oscar S.
Straus, Secretary of Commerce and Labor, will
meet in his official capacity the representatives
of the chambers of commerce and boards of trade
of the leading cities of the country. Ways and
means will be considered at that meeting of
solving the problem now facing the country—
that of promoting foreign commerce—which
hitherto has taken care of itself, owing to the
small proportion of manufactured products in
our total exports and the need in which the world
stood of our agricultural and other raw products.
Secretary Straus believes, and his belief is
shared by many legislators and commercial men,
that the United States is confronted by a situ-
ation which should be the object of thoughtful
care on the part of the Government in order that
this country may not be outstripped in foreign
markets by such advanced nations as Great
Britain, Germany, France and Italy.
Early in his career as a member of the Cabinet
of President Roosevelt Secretary Straus began a
study with a view of ascertaining the most ef-
fective means of getting the Department of Com-
merce and Labor in close touch with the com-
mercial bodies of the country, with a view to
extending the foreign trade of the United States.
He finally decided to invite representative busi-
ness men to Washington for a conference, and
out of that conference he expects there will be
adopted, both by the Government and the com-
mercial bodies of the country, some definite plan
whereby American wares shall be pushed for sale
more aggressively in the world markets.
By direction of Secretary Straus there has
been prepared in the Bureau of Manufactures, of
which Major John M. Carson is the chief, a
report entitled: "Promotion of Foreign Com-
merce in Europe and the United States." It is
the work of N. I. Stone, the tariff expert of the
bureau. This report embodies results of Mr.
Stone's study of the system established and poli-
cies practiced by the leading commercial nations
of Europe, those of the German Empire, which
are most comprehensive and based upon the ex-
perience of many years, being used to illustrate
governmental effort by European countries to
extend and promote their foreign commerce, in
contrast with efforts in the same direction by the
United States. A description also is given of the
operation of the Commercial Museum maintained
by the Belgian Government for the information
and benefit of manufacturers and merchants of
that country. The report says:
"As the nations mentioned have had to deal
with the problem for a longer time than the
United States, they have had greater opportunity
to evolve certain methods and to build up special
organizations—governmental and semi-public—
which enables them to deal with questions in-
volving international relations with a degree of
promptness, precision and efficiency which we
as yet utterly lack. While a great deal has been
done by the Department in this direction in the
short period of its existence, there are many
lines of work which must be taken up in order to
equip this country with as efficient machinery
and organization as that possessed by several of
the most advanced and progressive of foreign
nations."
It is recommended among other things that it
would be desirable to have commercial attaches
stationed in the leading centres of the world. On
this point the report says:
"A good beginning would be made if they were
attached to our consulates or embassies at such
centres as Berlin, Paris, London, Vienna, Con-
stantinople, St. Petersburg, Buenos Ayres, Yoko-
hama, Shanghai, etc. The duties of the attaches
should be not only to report as to trade oppor-
tunities in the countries to which they are at-
tached but to watch the legislative and adminis-
trative work and report on it for the information
oi the United States Government, to be used by it
confidentially or otherwise, according to the na-
ture of the reports. Such attaches, making their
residence at a certain point, should spend a part
of their time in visiting various sections of the
country to which accredited in order to make a
personal study of the producing and distributing
centres as seen in their practical every day oper-
ation."
Secretary Straus is of the opinion that if any
practical good is to be accomplished in the direc-
tion of concerted effort to extend our foreign
trade by systematic methods Congress must be
brought to a realization of the magnitude and
importance of the task and be willing to support
with funds commensurate the work about to be
inaugurated.
INCREASE CAPITAL TO $500,000.
A. B. Chase Co. Expansion to Meet Demands of
Their Growing Business—To Build Large Ad-
dition to Factory at Early Date.
(Special to The Keview.^
Norwalk O,, Oct. 28, 1907.
The A. B. Chase Co., the enterprising piano
manufacturers of this city, have decided to in-
crease their capital stock from $300,000 to $500,-
000. This step was decided upon by the directors
at a meeting held last week. The new stock was
offered pro rata to the old stockholders, and with-
in five days was nearly all taken. A few out-of-
town stockholders had not been heard from but
will undoubtedly take the balance, or if not, there
are plenty of those who have taken their pro
rata amount that are ready to take any stock that
is left.
If the A. B. Chase Co. had offered the public
of this city a chance to secure this stock there is
no douht that it would - have been over-sub-
scribed within one day, so highly is the product
and management of this company thought of.
As soon as plans and specifications can be
drawn the A. B. Chase Co. intend to erect a large
addition to-their factory to meet the growing de-
mand for their pianos and player-pianos,
SINGLE COPIES, 10 CENTS.
$9.00 PER YEAR.
Calvin Whitney, president of the A. B. Chase
Co., left home Wednesday for a two weeks' trip
through the South. He had just returned from
his Pacific Coast trip, which resulted in such a
triumph for the Artistano, the famous player
grand made by this company, and so cleverly
demonstrated by C. Arthur Longwell.
ALBERT S. BOND IS PRESIDENT
Of Packard Co. Succeeding His Father—Other
Officers Elected.
At a meeting of the directors of the Packard
Co., Fort Wayne, Ind., held last week, Albert
S. Bond was elected president of the company
to fill the position made vacant through the
ALBERT S. BOND, PRESIDKNT PACKARD CO.
death of his father, Stephen B. Bond. The new
president is in every way splendidly equipped to
fill the position to which he has been elected,
having been active in the affairs of the company
for a number of years. He was for a long time
vice-president and general manager of the com-
pany, in which capacity he acquitted himself
with much credit and understands every phase of
the piano business. Mr. Bond has been succeeded
in the office of vice-president by J. H. Bass. The
officers elected at the meeting were: Treasurer,
C. J. Scheimann; assistant treasurer, W. H.
Wiebke; secretary, J. M. Kuhns.
FILES PETITION IN BANKRUPTCY.
William Paris Chambers, musician, of 35 East
27th street, has filed a petition in bankruptcy,
with liabilities of $5,272, and nominal assets of
$1,247 in accounts due him by sixty-four persons.
The debts were contracted between 1902 and
1906. He owes $3,816 to Charles G. Conn., of
Elkhart, Ind., on a judgment, and the balance of
his debts are for merchandise.
INCORPORATED IN WEST VIRGINIA.
The Southern Piano Agency, Bluefleld, W. Va.,
have been incorporated with a capital of $10,000
for the purpose of buying and selling at retail,
pianos, organs and musical merchandise. The in-
corporators are A. A. Ashworth, W. L. Stinson,
S. P. Payne, B. A. Becker and D. J. Martin, all
of Biuefield.