Music Trade Review

Issue: 1907 Vol. 45 N. 20

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPHXANE, Managing Editor
1
Executive and Reportorlal Staff i
Quo. B. KuiiBB,
W. H. DYKES,
P. H. THOMPSON.
J. ITAYPEV CLARENDON.
L. E. BoWEBB, B. BBITTAIN WILSON, WM. B. WHITE, L. J. CHAMBKBLIN, A. J. NICKMN.
BOSTON OFFICE 1
BIBNSST L. WAiTTi 27JU Tremont St
CHICAGO OFFICE:
B. P. VAN HABLINGEN, 195-197 Wabagh Ave.
TBLBPHONEB : Central 414; Automatic 8643
MINNEAPOLIS and ST. PAUL t
ST. LOUIS j
PHILADELPHIA I
R. W. KAUJTMAN.
ADOLF EDSTBN.
CHAS. N. VAN BCBBN.
SAN FRANCISCO: S. H. GHAT, 2407 Sacramento S t
CINCINNATI. O.i NINA PUGH-SMITH.
BALTIMORE, MD.s A. ROBBBT FBBNCH.
LONDON. ENGLAND:
69 Baulnghall S t , B. C.
W. Lionel Sturdy, Manager.
Published Every Saturday at 1 Madison Avenue, New York.
Entered at tht New York Post Office ms Second Class Matter.
SUBSCRIPTION, (Including postage). United States and Mexico, $2.00 per year;
Canada, $3.50 ; all other countries, $4.00.
ADVERTISEMENTS, $2.00 per Inch, single column, per Insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising Pages, $60.00; opposite
reading matter, $75.00.
REMITTANCES, in other than currency form, should be made payable to Edward
Lyman Bill.
Directory of Piano
The directory of piano manufacturing firms and corporations
~
: ~
found on another page will be of great value, as a reference
Manufacturer*
_____
f o r dealers and others.
Exposition Honors Won by The Review
Grand Prim
Paris Exposition, 1900
Silver Medal.Charleston Exposition 1902
Diploma.Pan-American Exposition, 1901
Gold Medal.. . S t Louis Exposition, 1904
Gold Medal. . . .Lewis Clark Exposition, 1905.
LONG DISTANCE TELEPHONES-NUMBERS 4677 and 4678 GRAMERCY
Connecting all Department*.
Cable address: "Elblll New York.**
NEW YORK.
NOVEMBER
16, 1907
EDITORIAL
T
H E financial situation still continues to be the principal subject
of thought in commercial circles, and the effect of the dis-
turbance in the Metropolis has been felt far and wide. There has
been therefore not a little interference with the regular course of
trade so far as large transactions are concerned. As conservatism
has given place to caution many purchases have been deferred await-
ing developments in the financial field, but fortunately there is now
a clearing of the skies and an improvement in the situation which
justifies the hope that the financial disturbance in its acute form is
a thing of the past. It is indeed a very favorable element in the
situation that in many sections remote from the great business cen-
ters trade is moving on in its wonted channel and in some cases,
according to Review reports, in scarcely diminished volume, and as
justifying confidence in the future there is the abundant prosperity
of the agricultural classes.

O
F course the trade situation is not particularly inspiring at the
present time, for manufacturers in all lines are refraining
from forcing goods on a somewhat reluctant market, especially as
the cost of producing them does not as yet call for any reduction
in price. There has been a good deal of life evidenced in the stock
market, for a great many purchasers have been seeking bargains
on the Street and vast sums of money which was hastily drawn
out during the excitement in the city have already found new chan-
nels for investment. The enormous shipments of gold from Europe
has helped along the situation materially. Well informed men say
that the great trouble is now past, but of course we will feel the
effect of the stringency in financial circles for some time to come.
r
I "HE world's stock of gold in use in 1850 was between two and
X
three billions. It is now in the neighborhood of twelve
billion. There has been over much talk of the responsibility of the
gold output for the higher cost of living and decline in stocks. Not
until the cost of living falls and the price of stocks rise, not until
the two have reached an equilibrium will this discussion entirely
cease, and a little reflection may even now be worth while.
The gold production of the future gives promise of becoming
increasingly elastic and adjusting itself more readily to the changes
in demand. When this is complete the cause of the fluctuation in
demand for gold will be removed and it may be believed that there
will be naturally a gradual and orderly increase in the demand,
Such an increase will be called for by the expansion of the world's
exchange and gradual growth of its wealth, wealth represented by
the things produced and the means of their production. Discoveries
of new sources of gojd supply during the past dozen years show
that gold production in many places has been reduced almost to
the precision of the manufacturing industry, so that it is possible
to accurately estimate the cost of the production of gold. This
means that the output can be regularly increased or decreased to a
very large extent as changes in the value of gold make either course
advisable and that means stability. Stability means confidence and
it is after all confidence which we desire to place business where it
should be. It is confidence that will bring out hidden dollars and
it is now we need confidence so that business will assume its normal
condition.
T
ONS of gold are coming from Europe on the great steamships,
a little of it for use and the rest to reassure the people and
restore confidence,-as the expression goes. But are we all helping
to restore confidence as we should? In times like these too much
conservatism can be used. Everyone who is conducting a business
should realize that a reasonable curtailment of expenses may be
in order, but the expenses can be too radically carved down so that
the earning capacity of the business is seriously hampered. Busi-
ness men should understand that these are times when we should
all stand together and help to restore confidence so that money will
move with rapidity and ease through the various channels of trade.
If the men at the head of the big enterprises show fear as to the
outcome of the present depression the smaller men will at once get
the fever, thus protracting the troubles, and it will be a long time
before business will have resumed its normal phase. If men would
proceed calmly with their contracts and use reason and caution in
all business dealings they would help materially to bring about that
business betterment which is most desirable. On the other hand,
if they show too much fear and lose their heads they will really help
to retard the good time. Reason and caution should be paramount
in these
T
HE news of the death of William B. Tremaine, which was re-
ported in last week's Review, came as a great shock to his
many friends in every section of the country. Mr. Tremaine had
a charming personality, was plain and unassuming in his manners
and his many years association with the music trade had given him
a wide acquaintance and a large personal following throughout the
entire world.
Mr. Tremaine was a remarkable man in many respects, and it
may be said of him that he was the first to recognize the great future
for instruments played by perforated music rolls. He saw the
wonderful possibilities of development from the crude type of years
ago and he at once set to work to create various improvements.
He was an inventor and one of the best authorities on the automatic
music situation in this country.
He recognized years ago at the time when the automatic indus-
try was in the chrysalis stage that it was necessary to overcome a
deeply seated public prejudice against automatically played instru-
ments. To accomplish this successfully he saw with keenness of
vision that it was first necessary to improve the types of instru-
ments. With this purpose fixed in his mind he advanced step by
step until he had the satisfaction of seeing the opposition steadily
dissipating and the public receiving automatic instruments with
warm approval.
W
B. TREMAINE might be justly regarded as the pioneer
• in the special field of automatically played instruments.
Under the tremendously forceful advertising public interest became
aroused and gradually one inventor after another began to appear
so that the progress of the industry during the past decade has been
nothing short of marvelous. In its early development there were
many obstacles to overcome, but William B. Tremaine was not of
the easily discouraged kind. Having once set his mind on the ac-
complishment of a certain objective point he worked undaunted
until that particular vantage gro;ind was won and then he saw
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
heights further on which were worth the winning, and so step by
step this pioneer advanced from the old days when he assumed the
management of the Mechanical Organette Company to the present
time, when he saw the fruition of all his plan in the splendid busi-
ness edifice whose foundation was planned by himself many years
ago.
VEIN
Be receptive in all new ideas you may catch.
Make men your books. Brush up on past lessons and look out for
more.
I
N temperament Mr. Tremaine was always optimistic and his
sunny disposition helped him to retain his youthful appearance
to a remarkable degree, for at the time of his death he was sixty-
five years old and yet his physical appearance indicated a man at
least fifteen or twenty years younger. During his later years Mr.
Tremaine relaxed considerably, for about him had grown under
the management of his talented son, Harry B. Tremaine, a business
staff unsurpassed in this or any other industry, so the founder had
found keen enjoyment in a well-earned respite from active busi-
ness, yet he never lost the interest he took in his great business
creation. He was at all times in touch with every department and
while his winters were passed in the sunny land of Florida, where
his favorite companion was the late Joe Jefferson, or his summers
amid the beautiful lakes of Maine, the interests of the Aeolian
Company were always close to him. That business establishment
he had seen developed from the modest acorn of days gone by to
the splendid industrial oak of to-day was his pride and his joy.
T is necessary that system and order prevail at all times in the
factories, and it is also a necessity that there should be no
waste. Everything is utilized and every moment of time in a well
regulated manufacturing establishment is accounted for. • How
about the average store or wareroom? The waste of time in the
average retail establishment is simply appalling, and if based upon
the value of time properly utilized it would ruin an ordinary busi-
ness man inside of a year. The systematic arrangement of work
every morning in a store is as essential as for a contractor in the
construction of a buikling, and yet how few there are who practice
this!
This does not apply merely to a piano store or talking machine
store, but any other kind of mercantile establishment in the land.
In all lines there is an enormous waste of time in doing business
and buying goods due largely to the lack of proper training of the
mind to pass judgment quickly. A man who goes back a third
time to examine merchandise before making a decision is not a safe
buyer. One who knows his business decides quickly. Occasionally
a mistake is made by too quick decision, but this is not frequent.
There is not a store m the land that is not confronted with the
problem of waste. Then there is dead stock and unclean windows.
I
OUCCESS will never come to any employer until he has edu-
O
cated himself to do the things he expects his subordinates to
do. Employes will not practice economy in time or be studious
of their employer's interest unless there is an example of exactness,
perseverance, and of tidiness set before them in the proprietor. A
proprietor who smokes during business hours, in his store will have
a hard time to keep his men from doing the same thing. A pro-
prietor must practice the things he preaches if he expects to suc-
ceed in making his help do as he says. The inefficiency of help is
one of the stumbling blocks of every business and the proprietor
who is not well equipped himself will have trouble in getting the
proper service at all times, as the men will look to him as an
example.
Most of us are a bundle of habits and the small way of doing
things that we became accustomed to when we were working on a
small salary seems to follow us. It is necessary for us to get out
of this rut. Get into the habit of doing things on a larger plan.
If your store is a small one there is no reason why you shouldn't
run it with as much system as the big fellow does his store. Pos-
sibly if you do your store will not remain small always.
HE trouble with many of us is that the push and energy put
into the business is not well directed. Like the painting that
was examined critically by an eminent artist who stated: "It lacks
—it lacks—why, confound it, it lacks brains," and so the more
brains put into a business enterprise the better the results will be.
The man who can run his business so that waste is eliminated has
in a large degree solved the problem of success.
T
Do not underestimate the importance of detail strictly relating to
business,
What a great thing confidence is, and how quickly it sometimes is
destroyed,
It pays to watch successful men.
trlbuted to their success.
Learn the qualities which con*
A salesman with the right kind of stuff in him will stand up for
his house on all occasions.
A commission is based upon a profit sharing plan and is limited only
by the ability of the salesman.
Get in touch with live people. Subject them to analysis, copy their
winning points and avoid their faults.
Take a good grip on life and play with the game like a gentleman.
Respect your position, your company and yourself.
Remember success lies within yourself, in your own brain, your own
ambition and your own courage and determination.
The human race up to to-day has been developed by a competitive
system, competition between races, nations, classes and individuals.
A salary is compensation for estimated labor and a reserve margin
for the protection against loss incurred through error in judgment.
up.
Make a study of your business. Know every detail from the ground
Mix brains in your efforts and use system and method in your work.
Keep your eye open for new prospects. No territory is so old or
so thrashed out but that under new conditions new custom will spring
up unannounced.
If pianos must be run down, allow the other fellow to do it. You
will feel better to have him and you will gain by being a non-participant
in the knocking game.
Gold, gold. It's coming in by the ship load every day from Europe
and still we are making ourselves unhappy just at the present time
because it doesn't come our way fast enough.
An impassioned negro orator recently declared at a gathering of his
people at Richmond, Va.: "Dere has nuver been but four great nations—
de Hottentots, de Hugenots, de Assyrians, and de Virginians."
When you call on a prospect employ a courtesy that takes the edge
off your initiative -without making you less emphatic. Make him feel
that you are there to do business not to apologize for forcing yourself
into his presence.
Well, this depression will blow over in a while and in the mean-
time forget it. The sun shines just as brightly and crops are as good.
There has been no radical change, no earthquake, or devastating fires.
What we need now is good stiff business backbone and to exercise care
that we do not permit the blood in our pedal extremities to become con-
gealed.
AN ESSENTIAL LACKING.—"The elopement is off for the present,"
said the girl, firmly.
"What's the matter?" asked the young piano salesman in the auto-
mobile. "I'm here on time, the minister is waiting, your parents have
kept their promise not to be in the way. Haven't the reporters showed up?"
"Yes," pouted the girl, "but the camera man didn't come."
RICHTER'S CONDUCTING.—Countless are the stories told of the
geniality of Dr. Hans Richter, who, to the delight of music-lovers, has
consented to conduct the forthcoming London Symphony concerts. A
short time ago, while rehearsing a Mozart symphony in which the first
violins had a number of delicate trills and turns to perform, these were
played too heavily for Richter, who said: "Please, gentlemen, pianis-
simo! Queen Mab—not suffragettes." Again, when on one occasion Richter
was not thoroughly satisfied with the orchestral rendering of a scene
from "Tristan and Isolde," he stopped the rehearsal and asked for more
dignity in the playing, adding that Isolde was the daughter of a king,
not of a cook. On another occasion, while rehearsing Tschaikowsky's
"Romeo and Juliet" music, the violoncellos have a very passionate melody
to play. Richter was by no means satisfied that the needful warmth
of expression had been obtained. "Gentlemen, gentlemen," said he, "you
all play like married men, not like lovers,"

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