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THE: MUSIC TRADE
REVIEW
ITHE
fflJJIC Tfy\DE
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorial Stall:
GEO. I?. Kiu.i.ioit,
L. E. r.(iwi:i;s,
\V. II. DVKKS,
F. II. THOMPSON,
J. HAYDEN CLARENDON,
I".. UUITTAIN WILSON,
L. J. CHAMKEKMN,
A. J. NICKLIN.
CHICAGO OFFICE:
E. P. VAN HARI.INGEN, 195-197 Wabash Ave.
TKLEI'HONES : Central 414 ; Automatic 8643.
MINNEAPOLIS and ST. PAUL:
ST. LOUIS:
BOSTON OFFICE:
KRNKST L. WAI-IT, 10(1 Itoylstou St.
PHILADELPHIA:
K. \V. KAUFFMAN.
Anoi.i' FASTEN.
CINCINNATI.©.: NINA PUGH-SMITH.
BALTIMORE, MD.: A. ROBERT FRENCH.
W. LIONEL STURDY, Manager.
Published Every Saturday at 1 Madison Avenue, New York
Entered at the New York Post Office as Second Class Matter.
SUBSCRIPTION, (including postage), United States and Mexico, $2.00 per year;
Canada, $3.5(>; 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 Hill.
Music Publishers'
An Interesting feature of this publication is a special depart-
Department *• y* rnent devoted exclusively to the world of music publishing.
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 a l l Departments.
Cable address: "Elbill, New York."
NEW
YORK,
P
IANO business ought to be goo'd in Arkansas, for something
like two and a quarter million dollars will shortly come into
the hands of cotton raisers in that State. By a deal recently put
through, this sum will be loaned to farmers in that State through a
Memphis bank, and f>o,ooo bales of cotton now in storage will pass
into the hands of spinners in this country and abroad. The farm-
ers, through their Union, negotiated direct with the banks, with a
view to 1 the elimination of the middle-man, and the Memphis insti-
tution concluded that a loan at the rate of yy 2 to 8 cents per pound
was a by no means unfavorable proposition, seeing that the market
price of the staple is over 11J/2 cents. This arrangement should
prove eminently satisfactory to all concerned, including the retail
merchants of Arkansas, who will doubtless reap their share of the
benefit. Col. Hollenberg and the other good people can sit up and
take notice—and get busy.
CHAS. N. VAN BUKEN.
SAN FRANCISCO: S. II. GRAY, 2407 Sacramento St.
LONDON. ENGLAND : 69 Bastnghall St., E. C.
REVIEW
MARCH
28, 1 9 0 8
P
ROFIT sharing or the distribution among employes at fixed
periods of a fund set apart for that purpose—this amount
based upon the results achieved by the concern—is always an in-
teresting topic. Profit sharing is a move which makes for increased
interest and enthusiasm on the part of the help and has been
adopted by a number of manufacturing and retail concerns in
various sections of the country. Different methods are used by
different concerns and the problem of profit sharing with employes
is one which deserves careful thought. No doubt the profit sharing
plan helps all to watch for the best interests of the firm and try to
stop waste and increase the business, since they know if the busi-
ness is profitable they will have a share in it above their salaries.
The disadvantage comes in when for some reason the profits fall
off and then there is likely to be dissatisfaction because the divi-
dends have decreased. If there is an actual loss the employes will
not share in that, but, of course, they will have no dividends.
I
T has always seemed to us that while profit sharing plans in
theory were splendid, that in actual practice they have not
worked out in as satisfactory a manner as the employers have de-
EDITORIAL
sired. When there is dull business a godd deal of dissatisfaction is
evidenced because the annual profits are not forthcoming and em-
ployes do not always understand the true reasons why their divi-
HEERING spring weather will soon be here. Nature will
dends stop. One thing is certain, the man who pays his men as
brighten in gala garments as always in the spring, and there
well as the business can afford is discharging all of his duties to
is no reason why piano merchants should not rejuvenate their
his force at that time. The workmen over the country have very
establishments so that they, too, may present an attractive appear-
frequently resented any attempt on the part of their employers to
ance. Fresh paint will help out store fronts to an amazing degree
better their condition as being paternalism. Some employers who
and show windows can be made particularly attractive so that
have worked out very elaborate theories have been disappointed in
passers-by will be won over to the point of entering the establish-
the apparent lack of appreciation made manifest later an by their
ment. A cheery atmosphere is one of the helpful forces to a
men. Paternalism in any form is resented by the American people
business.
and the man who pays as he goes is not piling up future trouble
which may come through over-elaborate profit sharing plans.
URING the past week trade has shown a material improve-
ment and there is no mistaking the fact that we are, slowly
HE newspaper business, whether in general or special lines,
perhaps, but nevertheless steadily, emerging from the depression
cannot be learned in a day or a year, although there are some
into which we were plunged a few months ago. There is no
persons
who feel if they have published one issue of a periodical
remarkable increase in trade, but there is an improvement, and in
that
they
know all about it. The mere fact that a man is the editor
some sections of the country the betterment is emphasized quite
of
a
trade
paper does not give him license to publish anything he
strongly. There are certain sections of the country where business
pleases.
He
soon finds out, if he is intelligent and ready to learn,
has taken on quite an accelerated pace during the past fortnight.
that
there
are
some kinds of news that he must not print, even
Our records indicate a general betterment in most of the cities.
though
its
publication
might increase the temporary interest in his
Some dealers have sent in rush orders and others have ordered car-
journal.
He
must
remember
that he is in a certain sense the
load lots. It seemed for a while as if we had gotten entirely out
of the carload habit, but it is now being taken up again and pre- guardian of the interests of the trade which his paper is supposed
to represent. The trade editor who would make a permanent suc-
sumably the practice will grow with the advance of the season.
cess must therefore present to his readers news that is clean, whole-
some, educational, instructive and timely, but there is another
N the minds of many business men there is a fixed belief that
essential which ought not to be overlooked, and that is the moral
financial conditions will improve immediately upon the pass-
obligations resting upon a newspaper—to tell the truth impartially
age of the Aldrich bill at Washington. This bill has been dragging
its weary way through Congress for some time, and it now looks as and fearlessly. This does not imply that all news should be printed
no matter what results may follow, for there is not an editor in
if it would be adopted in a modified form and become a law ere
long. There is a widespread belief that a necessity exists for the this country who has not at one time or another suppressed the
publication of a story which, although true as to facts, might ruin
passing of some kind of a currency bill in order to relieve finances
the reputation of some or destroy the business moves of others if
should there be a recurrence of the conditions which existed
printed.
last fall. That a general desire exists for some sort of a remedial
legislation there can be no question, and if the amended bill receives
the sanction of Congress there is no doubt but that it will consid-
UT what shall we say of the editor who, because of malice or
erably facilitate the restoration of confidence, and help to bring
in order td get even, or through blackmailing proclivities,
about a better condition in the financial world.
deliberately attacks the reputation of reputable, honest, straight-
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