Music Trade Review

Issue: 1907 Vol. 45 N. 21

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
FEVEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorlal Staff i
Quo. B. KWIJ.WR,
W. H. DYKES,
F. H. THOMPSON.
J. HAYDEN CLARENDON.
L. B. BOWBKS, B. BBITTXIN WILSON, WM. B. WHITE, L. J. CHAMBERLIN, A. J. NICKLIN
BOSTON OFFICE:
CHICAGO OFFICE:
B. P. VAN HABLINGEN, 195-197 Wabash Ave.
TBLETHONES : Central 414 ; Automatic 8648
MINNEAPOLIS and ST. PAUL i
ST. LOUIS:
ERNEST L. WAITT, 278A Tremont S t
PHILADELPHIA I
R. W. KAUFFMAK.
ADOLF BDSTBN.
CHAS. N. VAN BUEBN.
SAN FRANCISCO: S. H. GRAY, 2407 Sacramento St.
CINCINNATI, O.t NINA PUGH-SMITH.
BALTIMORE. MD.: A. ROBERT FRENCH.
LONDON, ENGLAND:
69 Baslnghall S t , E. C.
W. Lionel Sturdy, Manager.
Published Every Saturday at 1 Madison Avenue, New York
Entertd at the New Ytrk Pest Office ss Stand 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 ol Piano
The directory of piano manufacturing firms and corporations
found on another page will be of great value, as a reference
Manufacturers
for dealers and others.
Exposition Honors Won by The Review
Grand Prix
Paris Exposition, 1900 Silver Medal. Charleston Exposition 1902
Diploma.Pan-American Exposition, 1901 Gold Medal.. .St Louis Exposition, 1904
Gold Medal. .. .Lewis-Clark Exposition, 1905.
LONG DISTANCE TELEPHONES-NUMBERS 4677 and 4678 GRAMERCY
Connecting all Department*.
_
Cable address; "Elplll New York.-
^
REVIEW
credit than it has been during the past few years. Business ex-
pansion will necessarily come from accrued profits of the business
rather than through the ability of men to float paper representing
questionable values.
I
T should be a matter of general congratulation in this trade that
there has been such stability apparent. Notwithstanding the
severe strain to which the business men have been subjected during
the past month not a single important strand has parted in the piano
industry. Certainly that strength speaks volumes for the financial
strength of piano men.
If we stop talking so much about depression and turn our
attention to optimistic forecasts and to legitimate expansion of busi-
ness it would be much better all around and papers, particularly
trade papers, should use exceeding care as to the printing of rumors.
Great damage might be done in such times by the thoughtless rush-
ing into print with inaccurate and premature statements regarding
firms and individuals.
Conditions in the talking machine industry are most reassuring.
W. E. Gilmore, general manager of the National Phonograph Co.,
stated to The Review last week that he was making shipments of
phonographs, records and supplies in the same relative weekly pro-
portions as in the past and that orders placed with him have not
been decreased to any material extent by cancellation. New orders
have been much better than anticipated and the first orders for
December records exceed in value any month in the history of the
business. Mr. Gilmore further said, "So far as the future is con-
cerned we are very optimistic and statistics indicate that be the
times good or bad amusement features are about the last to be
affected." Mr. Gilmore stated that collections as a whole had been
in every way satisfactory and that in his belief the present financial
condition would be short lived.
.
. '
SPLENDID address was delivered last week by George B.
Cortelyou, Secretary of the Treasury, and possible President
of the United States, before the Merchants' Association of New
York. Mr. Cortelyou's remarks should be read by every citizen of
the United States. They were full of deep meaning and rang with
EDITORIAL
patriotism. Here are a few crisp sentences from the Secretary's
speech:
O one can tell to what extent the country has suffered through
"It is a time when every citizen should assume his share of the
the financial situation existing in this city and elsewhere. It
burden. The hoarding of money, the exaction of unnecessarily
is pretty difficult to figure out just what the unreasoning fear which
harsh requirements in business dealings, but retard our return to
has spread out among our people has cost in dollars and cents. The
normal conditions. The hoarded money should be put back in the
panicky conditions, however, which were speedily checked, should
banks and the exactions of bankers and merchants should be pro-
prove to thinking people how solid a basis underlies our National
portioned only to actual business necessities. To do otherwise is
stability. Thoughtful business men in this trade and other lines
not only unpatriotic, but unwise. I believe that if this money of
of manufacture had predicted some such condition as we have faced
the country, wherever hoarded, were at once put back to fulfill its
and it is to be hoped that the lessons taught will not be in vain, so functions in the channels of trade there would be within twenty-
that hereafter it will be by no means easy for gamblers to obtain
four hours an almost complete resumption of business operations.
control on a large scale of banks for the furthering of their schemes.
I doubt whether we can in any way estimate the loss that has fallen
Warned by bitter experience, those charged with the safeguarding
upon those who have, either through selfish or misguided motives,
of our financial institutions will be far more attentive to their duties.
thus drawn their money from places of more than reasonable safety
In addition the trust companies, which heretofore have remained
to put it where it has been lost through robbery or fire or other
exempt from the restrictions and supervision applied to banks, will
misfortune.
also be brought under proper control. More forcibly, too, will Con-
"During periods of anxiety and unrest the President and his
gress be impressed with the need of a change in our financial sys- advisers are appealed to from all quarters with suggested remedies
tem enabling banks of the country under proper safeguards to
for existing evils. Some are worthy of serious consideration, but
increase the supply of currency at times of shortage in the medium
many—very many—do not fall within that classification. A case
of exchange.
in point are the suggestions of various kinds that are now made
for currency reform. This subject is one of great concern to every
F course there may be places here and there where the busi-
citizen, and it must have the fullest and most careful consideration.
ness skies have not entirely cleared, and a period must elapse
We must not be hurried into ill-considered legislation. Panic in
before the distribution of money is again as adequate as could be
legislation is worse even than panic in business, for it strikes at the
desired. Nevertheless the outlook is full of encouragement. From
foundations of the government.
the more central sections of the country, from the Southwest and
"The various plans advocated for currency reform must be
Northwest, we receive glowing reports of increased trade and of
subjected to rigid scrutiny, to the end that the citizens of every sec-
the general ability of the public to purchase not merely necessities,
tion shall be fairly treated, their needs and requirements consulted,
but luxuries and these in liberal quantities. Some opinions of piano
and, above all, that whatever action is finally taken shall be so sound
merchants in the columns of The Review this week should be
and wholesome as to enhance our commercial standing among the
perused with interest. We should not permit ourselves to grow
nations of the'world."
pessimistic by reason of business conditions which most of us have
to face. We should not enforce a retrenchment which will seriously
PROMINENT member of the trade who has just returned
impair the earning capacity of the business enterprises which we
from a Western trip wrote to The Review this week: "I
conduct. Credits, of course, in all lines will be watched more care-
have been much interested in your business editorials. They con-
fully than before and it will be more difficult for men to obtain
stitute to my mind a splendid summing up of the business conditions
NEW YORK,
NOVEMBER 23, 1907
A
N
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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE
throughout the country and are well calculated to do good. My
observations tell me, too, that we are going to have a pretty good
holiday trade notwithstanding the financial depression."
We may say in this connection that we have received several
hundred replies during the past week to questions propounded by
The Review to dealers in the various sections of the country rela-
tive to collections, general business and holiday trade. It will be
interesting to note that there is throughout these communications
a decidedly optimistic tone. In fact, almost surprisingly so and
it is that spirit kept well to the front which will help to create holiday
trade. The more optimistic men are the more business they will
secure. There's plenty of good business to be secured; if men go
at it in the right way they will capture it. We know of some men
who are not saying much, but they are just hustling. The music
dealers are not going to lie down quietly and permit business to get
by them. We are unable to reproduce many of these communica-
tions this week owing to lack of space, but the answers to our ques-
tions are most encouraging and they show that business is far from
being annihilated by the unfortunate conditions which have pre-
vailed in the financial world.
R
ETAIL merchants throughout the country are just now per-
fecting plans for the successful winning of holiday trade.
It may be well for dealers in their advertisements of pianos to
impress upon the people the value of piano investments, and while
there may be shrinkage in stocks there can be no shrinkage in a
piano investment which endures for a lifetime and will pay annual
dividends of pleasure and enjoyment to the whole family. Adver-
tisements should be attractive and novel, and if the piano merchants
of the country would win good holiday trade they must patronize
the columns of their local papers. The department stores will use
printers' ink liberally and it behooves piano men to impress upon
the people the importance of piano purchasing during the holiday
season, for this year general interest may lag somewhat in special
lines unless the attention of the people is drawn to these creations
and the advantage of purchasing them clearly shown. This is the
time for wideawake action on the part of dealers all over the coun-
try. Advertise—be systematic. System in the store during the
holiday season is like many other good things absolutely essential,
and system will help to do away with waste.
T
HERE has been a tremendous crumbling of paper wealth. The
speculative rich, the Wall Street gambler, and speculators
with other peoples' money have been hit hard, but does it really
mean that the middlemen, the backbone of the Nation, the honest,
industrious class are worse off than before? As a matter of fact
if there is a little drop in the necessities of life as the outcome of
the recent panic will that not mean added prosperity to a large class
of our population ? Not one man in a hundred on a salary has had
it increased in proportion to the rise in prices of everything which
he and his family consume. Outside of a few trades, wages have
not been increased in proportion to the increase in rents and prices
of food. Wages and salaries which were raised least will fall least
and their purchasing power will increase more than the lessening
of their number of dollars. For a series of years the dollar has
been buying less and less. It may now buy more and more. Food
will be cheaper. Rents will be lower. The saving, industrious man
whose thrift is the foundation of the country's prosperity will have
his innings. Which is the better for the average man: To have
prices for necessaries so high that his expenditure^ leave no surplus
over his earnings, or to have the prices lowered so that his earnings
will exceed his expenditures? When the cost of living is not so
high wage earners will have more money to spend for pianos and
other home accessories. They will have more money to meet their
piano instalment payments promptly, and if there is a drop in the
cost of living as the outcome of the recent flurry, will not the
country as a whole profit thereby ?
I
N times like these it is well to place special emphasis on quality
sales. Business men will know better how they stand and they
will also be in better shape to meet any protracted business depres-
sion which may come upon us. It is well to have every enterprise in
the best possible shape to withstand any kind of shock or disaster.
Then again, with quality sales the business man is never fooling
himself by a mass of figures which will stand a big reduction before
he comes down to bed rock.
REVIEW
Just dig, that's all.
A good many people expect to get something for nothing.
Are you doing all in your power to bring about a restoration of con-
fidence?
A business genius is a man who knows to-day what the people will
want to-morrow.
It isn't always what you think of yourself, but what other people
think of you that counts.
People don't like to find out that they have been humbugged.
of the people like to believe that the other half are honest.
Half
Tom—If, as you say, Pearl is such a jewel, why don't you marry her?
Jack—I'm afraid there is a flaw in the mother-of-pearl.
And so the Cackling Old Woman of Paris has had another bon mot
handed out to her in the shape of a $100,000 lawsuit. It is powerful cruel
to trouble the old lady with so many petty annoyances of this kind.
Trade papers should be extremely careful about printing rumors.
Some of the trade publications seem fond of stating the fact that certain
factories have discharged a number of employes. Tut, tut boys, go slow
on such matters as these; the less said about them the better.
Well, the banks are doing some advertising nowadays. After the
meat trust exposures all the big concerns bought four-page supplements
in all the leading magazines in the country in order to demonstrate the
fact that their canning was above reproach, and now the banks are buying
printers' ink. Many of them for the first time in their history. "It's an
ill wind"—you know the rest.
ALWAYS NEAR.—"We would like you to go on our personally con-
ducted tours," said the ticket agent.
"Don't care about it," replied the meek little music dealer behind
the mountain of luggage.
"But wouldn't you like to know that some one was always keeping
an eye on you?"
"Oh, don't worry about that. My wife is going along."
LIKE MARRYING A TITLE.—Old Auntie Mandy, who did the wash-
ing, was such a happy, brave old soul that although she worked very hard
early and late and must often have been weary nothing could depress
her. In everything that occurred she saw only "good luck" for herself.
One day she brought home the washing in a high state of glee.
"Jes' think, Mis' Arnold," she said, "I'se goin' ter git married! Isn't
dat jes' fine luck fo' poor, ole black woman like me?"
"I shall be very sorry to lose you, Mandy," said Mrs. Arnold, "but
I'm glad if your life will be easier."
"Lose me!' gasped Mandy. "Lor'! Mis' Arnold, I can't afford to let
you lose me jes' now. Why, I'se goin' ter marry Br'er Johnson an' his
five chillun. I'se got ter hustle now, fur sartin."
"But I fail to see where your good luck is coming in from such a
marriage, Mandy."
"Why, chile, if I marry dat man an' his chillun he's promised me
six mo' big washes his fust wife done had! Dat's clar luck, Mis' Arnold,
clar luck, 'sides habin' de honor ob marryin' in Br'er Johnson's fambly!"
VERY MUCH ALIVE.—Marcel Perot, one of the chefs of the famous
Ritz Hotel in Paris, is in America to learn how to make cocktails, to stew
snapper, to fry oysters and to prepare canvasback duck.
M. Perot, discussing cheese in Baltimore, where he was studying the
snapper question, said:
"The taste in cheese has grown more delicate on the Continent. A
cream cheese, raw, is now our favorite, whereas in the past we demanded
cooked cheeses of the greatest harshness and strength. Why"—
The noted chef laughed:
"Why," he said, "when I was at the Petit Riche many years ago a
remarkable thing happened, a thing that indicates the sort of cheeses that
in the past were eaten.
"A patron, seated at a corner table in the Petit Riche, called suddenly
to the waiter:
" 'Baptiste, take away this cheese!'
Baptiste approached.
" 'Pardon me, sir,' he said, in his polite way, 'but can I fetch you
something else?'
"The patron made a gesture of impatience.
" 'Take this away first, hang it,' he exclaimed.
" 'Yes, sir; very good, sir,' said Baptiste. 'We have some fine Gorgon-
zola, or perhaps the Gruyere'—
" 'Great Scott,' the other interrupted. 'If you don't take this stuff
away at once, I'll send for the police.'
" 'I am very sorry, sir,' said Baptiste. 'Is there anything wrong
with it?'
"'Wrong?' shouted the guest. 'Why, its eating all my Bread,'".,

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