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REVIEW
V O L . X L V . No. 1 9 . Published Every Saturday by Edward Lyman BiU at 1 Madison Ave., New York, November 9,1907
among the business men of the city. W. P.
Chrisler, of New York, will come to fill the place
Business for the Past Month Ahead of a Similar
made vacant by the promotion of Mr. Alfring.
Period Last Year—A Growing Demand for
Serge L. Halman, who has been with the Aeolian
High Grade Instruments—Some Dealers Say
branch here for some time, will go to St. Louis
Money Stringency Has Been Incentive to
to accept a position with Mr. Benjamin. Mr.
Many People to Pay Their
Debts—Starr
Benjamin writes to Indianapolis that business in
Piano Co. Inaugurate Series of Winter Re-
St. Louis is opening up in good condition.
citals—Alfring Takes Charge of Aeolian Co.
Plans for the carnival of the Elks, to be given
Branch Succeeding G. P. Benjamin.
the week beginning Nov. 11, in the new factory
building of tne King Piano Co., at Bluffton, have
(Special to The Review. 1
been completed. Elks will come from Chicago
Indianapolis, Ind., Nov. 5, 1907.
and other large cities, and the carnival will be
Despite unfavorable conditions the piano busi- a big event. Arthur King, of the King Co., will
ness in Indianapolis during the month of October take an active part in the carnival. The King
went far ahead of the business during the corre- Co. hope to occupy their new buildings by the
sponding month of the preceding year, accord- first of the year.
ing to the statements of Indianapolis dealers.
Mrs. H. C. Jackson, of the King Co. here, has
"Our business for the last month was excel- just returned from Muncie, where she took part
lent," said H. C. Jackson, of the King Piano Co. in the annual fall festival in the interest of the
"Not only that but our business for November King Co. In the great parade which was given
has started off in excellent form and we have a Friday afternoon the King Co. was represented
number of good prospects."
by a highly decorated trap driven by Mrs. Jack-
"We have no room to complain of the October son.
business," said Mr. Fuller, of the firm of Fuller
George C. Pearson has in the display window
& Currens. "We have a number of good pros- of his store a large mounted bass which, when
pects for this month and feel that business con- caught, weighed more than six pounds. It was
ditions are good."
caught by Mr. Pearson in a lake in Kosciusko
"October was one of the best months in the County, Sept. 22, and was mounted at Chicago.
history of the Aeolian business in Indianapolis," Mr. Pearson is one of the old sportsmen of the
said W. H. Alfring, manager of the Aeolian Co. State.
"Trade is good and prospects are good."
Among the trade callers in Indianapolis during
"Our business for October was excellent," said the last month were the following: Mr. Long-
Frank Carlin, of Carlin & Lennox. "Collections more, of W. W. Kimball Co., and Frank Burns,
have been unusually good for the last few days. stool and scarf salesman of New York, at Fuller
It seems as though the money stringency is an & Currens; Mr. Fitzmaurice, of the Schaeffer
incentive for the people to pay their debts."
Piano Co., and William R. Gratz, of the Gratz
"The business of this company has been ex- Import Co., at Carlin & Lennox's; Major Rich,
cellent during the last month," said Mr. Seeord, of the McPhail Piano Co.. at Pearson's; W. P.
of the George C. Pearson store. "Our business on Collins, of the Autopiano Co., at Carlin & Len-
Steinways, Kurtzmanns and Hazeltons has been nox; E. Devereaux, of the Kurtzmann Co.; J.
excellent, and we believe that business will con- Frank Smith, of Krakauer Bros., and J. W. Kline,
tinue good. Our October business finished really at Pearson's.
better than we had expected. We have ordered
Milton Cash, who was in the piano business for
the factories which we represent to ship our . many years on Indiana avenue, is dead. He died
winter stock in as fast as possible. We are suddenly. He had been in poor health for some
highly pleased with the examples so far to hand." time.
The business of the Starr Piano Co., according
Ed Lennox, of Carlin & Lennox, has returned
to Mr. McCormack, the manager of the retail from his trip abroad.
department, was better this October than in any
previous October in the history of the business.
A TIME FOR COURAGE.
This is due partly perhaps to the scheme adopted
by the company of giving a free scholarship in Interesting Chat with Henry C. Lytton, One of
the Indianapolis Conservatory of Music with each
Chicago's Prominent
Merchants, on the
purchase of a Starr piano. So successful has
Financial Situation—The Time to Invest in
this plan been that the company now are con-
and Uphold American
Securities—Public
sidering the feasibility of continuing it for at
Later on Will Appreciate the Benefits of
least another month.
Roosevelt's Policy.
The Starr Piano Co. are to start a series of
Henry C. Lytton, one of Chicago's prominent
winter recitals, which will be given each week
on Tuesday evening, when musicians of ability merchants, in discussing New York's financial
will appear. The first recital will be given next disturbances with a correspondent of the Herald
Tuesday evening, and at that time Hester Louise in Paris this week, said:
"Any person with even a superficial knowledge
Houk, contralto soloist of the Central Christian
of the vast resources of the United States should
Church, will sing.
W. H. Alfring has been appointed manager be able to see that the present prices in many
of the Aeolian Co. here, succeeding G. P. Ben- cases are far below the proper values. I am not
jamin, who left a short time ago to become man- encouraging speculation, but investment. The
ager of the Aeolian branch at St. Louis. Mr. future extent of American commerce and agricul-
Alfring has been with the Indianapolis branch ture is not being grasped by the multitude—it
since last June and has made many friends is almost unlimited.
GLEANINGS FROMINDIANAPOLIS.
SINGLE COPIES, 10 CENTS.
$2.00 PER YEAR.
"Mr. Lawson was logical in his recent public
letter, in which he advised the buying of certain
stocks and warned would-be purchasers not to
pay any attention to subsequent falls of five or
ten points, counselling them to hold on in view
of the intrinsic values of which the soil is the
basis.
"I just came through by automobile from Gen-
eva and I observed France's beautiful lands, the
source of her individual and national wealth.
Those lands have been tilled for many centuries.
Now think of the area of the United States,
forty times as great and virgin in quality, on
which only little more than twice" France's popu-
lation makes its demand for sustenance.
"For those persons who have money I say
now is the time to invest in American secur-
ities. I have none to sell. I am only inter-
ested in America's welfare and in exposing what
1 believe to be the exact situation.
"I have seen property values in the West
grow by leaps and bounds, and I know, as does
everybody else, that the value of property is
measured by the interest it will yield on the
investment. Ground rents in Chicago, which,
for instance, were worth $20,000 a few years
ago, are now worth $50,000. This is not infla-
tion, it is sound, solid everyday business.
"As for the national banks, there is nothing
to be feared. Foolish persons have rushed to
banks for their money and now old stockings
and trunks are filled with the nation's cur-
rency. Naturally the banks are embarrassed,
particularly because of the fact that there is a
continuous heavy demand on them for money
with which to pay farmers high prices for grain
or live stock.
"Banks cannot do business without money any
more than I can do business with no merchan-
dise. Plainly stated, there is not enough money
to go around. In American finance it has been
shown that the country has been steadily growing
up to stock values, and in but very few in-
stances have quotations been too high.
"President Roosevelt is now being pounded
from pillar to post by part of the public, but
the entire public later on will appreciate the
benefits of his policy. I do not entirely approve
his methods. He has been rather brutal and
noisy in his attacks. He might have accom-
plished the same reforms in a quiet manner.
The net result, however, will be beneficial."
FISCHER GRANDS FOR Y. W. C. A.
Two handsome Fischer grands and one up-
right and two pianos of another make were re-
cently sold by the Lewis-Welsh Piano Co., of
Cleveland, O., to be placed in the new building
just completed for the Young Women's Christian
Association in that city.
H. L. Stoner, proprietor of Stoner's piano par-
lors, Chambersburg, Pa., will open an up-to-date
piano store at 111 South Main street on Novem-
ber 1, where he will handle a full line of Soh-
mer, Weber, Ludwig pianos, and Estey and Mil-
ler organs, Victor talking machines, sheet music,
etc. He has found his present store at 144
South Main street inadequate to meet the grow-
ing demands of his business, hence the change.