Music Trade Review

Issue: 1908 Vol. 47 N. 19

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. SPILLANE, Managing Editor
Executive and Reportorlal Stall:
OBO. B. KBIXBR,
L. D. BOWKHS,
W. H. DYKES,
F.H.THOMPSON,
J. HATDBN CLABBNDON,
B. BRITTAIN WILSON,
L. J. CHAMBERLIN,
A. J. NICXLIN.
CHICAGO OFFICE
BOSTON OFFICE:
BRNBST L. WAITT, 100 Boylston St.B. P. VAN HARLINGEN, Room 806, 156 Waba»h Ave.
Telephone, Central 414.
MINNEAPOLIS and ST. PAUL:
ST. LOUIS:
PHILADELPHIA:
R. W. KAUFFMAN.
ADOLF EDSTBN.
CHAS. N. VAN BDRKN.
SAN FRANCISCO: S. H. GRAY, 2407 Sacramento St.
CINCINNATI. O.: BERNARD C. BOWBN.
BALTIMORE, MD.: A. ROBERT FRENCH.
LONDON. ENGLAND: 69 Basinghall St., E. C.
W. LIONEL STURDY, Manager.
Published Every Saturday at 1 Madison Avenue, New York
REVIEW
credit and such relative prosperity is that the trade has been estab-
lished on a cash basis.
It is true that the unexpected happened, the demand for most
classes of machines having been so well maintained that business
instead of falling off, was impelled along. Yet where a sharp
competition e-xists in a trade where there is a strenuous striving
after business, the natural tendency is to conduct business on a
credit basis.
Had this been done in the automobile industry, it would not
to-day have been in the position which it is. There arc indeed few
cases on record of a trade as a whole agreeing to do a cash business
and holding to it. In the automobile industry, the customer must
make a substantial cash deposit to bind his order and must pay the
balance upon delivery, the delivery of the machine being made only
on payment in full of the bill.
Such a condition must seem almost Utopian to manufacturers
in other trades. In fact, the contrast between conditions in the
automobile industry and others has been so sharply defined as to
attract universal attention. The result is that in many other trades,
credits are being pared down, and business is getting gradually
nearer to a cash basis, though in the average it has still a long ways
to go before that condition is reached.
Entered at the New York Post OMce as 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 Hill.
Music Publishers*
An Interesting feature of this publication Is a special depart-
Department V ^» ment 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 all Departments.
Cable address: "Elblll, New York."
NEW
YORK,
NOVEMBER
7, 1 9 0 8
EDITORIAL
N
OW that the struggle for 1'residential honors has ended in
the election of Mr. Taft, business men everywhere can put
in full time on trade development, without the diverting element
of politics being constantly introduced. There is every reason
to believe that under the guidance of Mr. Taft the business
affairs of the country will imove on uninterruptedly. Probably there
has never been in the entire history of American Presidents a man
who has been more eminently fitted to fulfill the duties of the high
office than the one who was elected last Tuesday. His wide range
of experience in governmental affairs has given him training which
will be of vast advantage to him when he becomes head of the
Nation, and the people will profit by that knowledge. Mr. Taft
possesses the judicial temperament, and it can be safely predicted
that sensationalism will not be a part of President Taft's programme.
The country is indeed fortunate in having a man of such splendid
intellectual and moral equipment at the head of the Nation. May
the country prosper under President Taft!
Business will not be disturbed over a radical readjustment of
the tariff. When President Taft summons Congress for a special
session to deal with the tariff it will be found that every preparation
has been made to handle this matter in a more exhaustive and in-
telligent manner than ever before in the tariff history of the Nation.
For months experts have been preparing data in the various coun-
tries throughout Europe, so that there will be a fund of informa-
tion and statistics in the hands of Congress which has never before
been available. With such preparations it is but reasonable to be-
lieve that the tariff schedules will be fair and equitable, and the
business conditions will not be disturbed when Congress convenes
for the purpose of its readjustment.
S
OME trades are specially favored by conditions which permit
men to work along lines which closely approximate cash pay-
ments and one of the chief reasons why the automobile industry has
withstood the business depression with such few breakdowns of
Y
ET the tendency towards a cash basis exists and seems to grow
stronger. The long credits which used to be in practice are
no longer tolerated save under exceptional circumstances, and
almost always with a security of some sort to guard against con-
tingencies. There is a belief in the minds of many business men
that credits will be more and more restricted as time goes on and
the experience of the automobile trade is having an important in-
fluence in this direction.
Certainly in the piano industry it is more difficult for the un-
deserving to obtain credit than ever before. We do not have to
go back so many years before we find that dealers could get thou-
sands of dollars worth of pianos on credit and yet they could not
obtain from their local tailor a suit of clothes on credit. Their
reputation was not good enough and these men formed a competing
influence against the reputable dealer who had capital in his busi-
ness.
Now all that kind of competition is cut out. Credits are
carefully watched and it is impossible for the undeserving to get
credit in the same way that it was possible in days agone, because
the piano credits have been scanned more closely during the past
few years is one of the reasons why the music trade industry has
stood up surprisingly well under the terrific strain of the past twelve
months.
A bank official, while recently discussing the solidity of music
trade affairs with The Review, remarked that he had been surprised
to note the financial strength which had been exhibited by the piano
industry. He said that the showing which it had made during the
past year had surprised him and his associates. It has been due
simply to the fact that piano men, both manufacturers and re-
tailers, have been more careful of their credits. They have watched
their collections, they have kept up their business on better lines
than ever before. The loose-jointed system of conducting business
has been replaced by systematic work and credit to-day is based
more on character than ever before.
S
OME of the advertising which has been sent to this office with-
in the last ten days is not calculated to create harmony in music
trade circles. The Pennsylvania dealers do not take kindly to the
"factory to home" plan, as set forth in the advertising of some
manufacturers, who are seeking to develop trade in that State.
One dealer does not hesitate in enclosing some advertising
matter which has recently been put forth in a well-known Pennsyl-
vania town, to bitterly censure manufacturers for putting out ad-
vertising which has a tendency to create the belief in the minds of
the public that they are being systematically robbed by music
dealers.
In this particular we are in sympathy entirely with the local
dealers, and we do not understand how any manufacturers can hope
to build up a trade following when they are striking directly at the
dealer in their public announcements. It is not calculated to help
business in any particular and simply the fact that manufacturers
were not able to secure local representation does not justify them
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE: MUSIC TRADE:
REVIEW
in putting out advertising matter which amounts to a virulent abuse
of dealers and their methods of conducting business.
We have plenty of problems to solve and reckless, abusive state-
ments made in advertising are not calculated to help along a solution
of business problems. They create friction where harmony should
exist. If a manufacturer is marketing his entire product on the
"factory to home" plan, then he cannot be censured for emphasizing
the saving which the public can make by cutting out the middleman,
that is, the dealer, but we do not understand the consistency in the
plan of striving to annihilate the dealer in some sections of the
country, while bidding for his trade in other sections.
In the trade, therefore, papers containing these advertisements
can be scattered all over the land and dealers do not feel inclined
to push any particular product whose manufacturers assail the retail
element in their advertisements. This is a policy which seems un-
sound and it is a mighty difficult proposition for any business estab-
lishment to attack the dealer in one section and expect to win his
trade in another. It is carrying water on both shoulders in a man-
ner which is liable to produce disaster and breed trouble.
other until the man finds the deep wealth of his own possibilities.
History is full of the acts of men who discovered somewhat of their
own capacity; but history has yet to record the man who fully
discovered all that he might have been.
T
HE totals of fire losses in this country may signify little to the
average mind, but the comparative figures should mean much.
The figures issued by the National Board of Fire Underwriters show
that the average fire loss per capita in the United States for the last
five years was $3.02, against 33 cents for six European countries,
including France, Germany and Austria.
It may be objected perhaps that it is unfair to select this par-
ticular period for purposes of comparison, since both the Baltimore
fire of 1904, and the San Francisco fire of 1906, are included in it.
And yet if these two fires, representing about $350,000,000, were
deducted from the total fire loss of the country for the five years—
which is estimated at $1,257,716,955—the total would be reduced
by but little over a fourth, and the American per capita loss would
remain about six and one-half times larger than the European.
What is to blame for this great disparity? Are we so much
more careless than Europeans? Are European building codes, fire
departments and water supplies from six and a half to ten times
better than those found in the United States?
UP TO DAUGHTER.—"Yes; I am going to marry Mr. Bullion."
"Why, he is old enough to be your father "
"I know he is, but, unfortunately, he doesn't seem to care for
mother."
T
AS IT WILL BE SOON.—St. Peter—You were an American rail-
road president, weren't you?
New Arrival—Yes, sir.
St. Peter—You will step over and get an extra fine halo, and then
take your place in the first row of the martyrs' depaitment.
HERE are few, if any, rules of conduct more important and
yet more lightly neglected than that of promptness in keeping
appointments. Maybe you can waste your own time by being late
in keeping engagements and feel'that the loss, if any, is your own
affair. But it is also the affair of the man you keep waiting. You
waste his time, too. If your time is worthless, maybe his is not. He
may conclude that his time is worth more to him than you are.
We knew a young piano salesman who had an appointment with
a manufacturer with the object in view of securing a position. He
came in twenty minutes late and wondered why he did not secure
the position.
Only the idle and careless whose time is of the least value can
afford to waste it by looseness in keeping engagements. It may
be hard to acquire the fixed habit of always being on time, but it
can be-xlone and it is worth while to do it.
Great business men have this habit. Napoleon would not have
been Napoleon but for his unfailing promptness. Men of great
affairs whose time is most completely taken, are usually on time. It
is they who know best the value of time and the importance of sav-
ing it by being prompt.
I
T is a great day in a man's life when he truly begins to discover
himself. The latent capacities of every man are greater than
he realizes, and he may find them if he diligently seeks for them. A
man may own a tract of land for many years without knowing its
value. He may think of it as merely a pasture. But one day he
discovers evidences of coal and finds a rich vein beneath his land.
While mining and prospecting for coal he discovers deposits of
granite. In boring for water he strikes oil. Later he discovers a
vein of copper ore, and—after that, silver and gold. These things
were there all the time—even when he thought of his land merely
as a pasture. But, as Waldo I'endrav Warren savs, they have a
value only when they are discovered and utilized.
Not every pasture contains deposits of silver and gold, neither
oil nor granite, nor even coal. But beneath the surface of every
man there must be, in the nature of things, a latent capacity greater
than has yet been discovered. And one discovery must lead to an-
Hustle is a very close relation of luck.
The man who starts for nowhere gets nowhere.
An average brain and good, clear grit will win out.
Ambition makes plans—determination carries them out.
Loyalty is a word to tack up prominently on the business wall.
Tactfulness is one of the greatest assets which a salesman can possess.
To waste your own time is foolish and to waste your employer's time
is criminal.
HE KNEW.—"Miranda, I want to ask you to marry me and to
tell me
"
"Oh, George, this is so sudden!"
"To tell me what date you and your mother have decided on for
our wedding."
HERLOCK SHOMES.—"It is clear, Poston," said Herlock Shomes,
"that the farmer who raised the spring chicken was very tender-hearted."
"How in the world do you know that?" asked the astonished Poston.
"It's simple enough. The farmer hesitated so long before striking
the fatal blow."
A BOTHERSOME CONSCIENCE.—"I hope you came out of that
horse trade with a clear conscience."
"Yes," answered Si, smiling; "but it kind o' worries me. My con-
science is so onusually clear that I can't he'p feelin' I must 0' got the
wust 0' the trade."
INACCURATELY REPORTED.—In one of his burlesque sketches on
English history, Bill Nye spoke of Julius Caesar jumping into the water
as he approached the English coast, wading ashore, running up to Lon-
don and walking through Regent street.
"An acquaintance of mine told me," said Mr. Nye, "that he had
asked an Englishman how he liked the story. 'Not at all, not at all,'
was the reply. 'That fellow Nye doesn't know what he's talking about.
There wasn't any Regent street then, you know.' "
THE RETORT COURTEOUS.—The busy man stopped before an
office building and leaped from his carriage. At the same moment an
ambitious urchin ran forward and piped:
"Hey, mister, kin I hold yer horse?"
"No, you can't!" snapped the busy man.
"Won't charge y' much," insisted the urchin.
"I don't care about the charge," impatiently responded the man,
throwing a blanket over his bony steed. "My horse will not run away."
"Gee, mister, I didn't think he'd run away!"
"No?"
"No. I thought he might fall down."
An old American salesman who knows the ropes furnishes these
"tips" to youngsters, which are worth noting:
"Never approach a buyer without first accurately learning his name.
I once lost a customer named Schmidt by calling him Mr. Smith.
"When a buyer gives you especially intricate instructions as to
shipments, etc., get him to write it out personally, and deliver to you.
It takes a powerful nerve for a man to dispute you when his own
orders are there in cold ink.
"A merchant said to me once: 'My boy, you have the making of a
first-class salesman. But you ought to eat more salt on your food.' It
was a week before I tumbled to what he meant.
"There was a salesman who talked for three minutes. At the end
of that time he had made his sale. He talked two minutes more. The
customer began to change his mind. He talked four minutes more. The
sale was off for good-stalked to death.
"When you are waiting for an audience, never flirt with the stenog-
rapher. The boss may be jealous."

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