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THE
MUSIC TRADE
REVIEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorlal Stall:
L. B. BOWERS,
W. H. DYKBB,
R. W. SIMMON*.
0K>. B. KBIXEB,
AUGUST J. TIMPH.
A. J. NICKLIN,
B. BRITTAIN WILSON,
BOSTON OFFICE:
ERNEST L. WAITT, 69 Bummer St.
PHILADELPHIA:
R. W. KAOWMAN,
CHICAGO OFFICE:
E. P. VAN HAHLINGEN, Room 806,106 Wabasta Ave.
Telephone, Central 414.
MINNEAPOLIS and ST. PAUL:
ST. LOUIS:.
ADOLF EDSTBN.
CHAS. N. VAN BUKBN.
SAN FRANCISCO: S. H. GRAT, 88 First Street.
CINCINNATI, O.:
JACOB W. WAWBBB.
BALTIMORE, MD.: A. ROBERT FRENCH.
LONDON, ENGLAND: 69 Baslnghall St., B. C. W. LIONBL STDBDI, 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, $3.50; 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.
An
CM*Hnn
important feature of this publication is a complete sec-
h7Vd*UXH.l* t i o n devoted to the interests of music publishers and dealers.
Exposition Honors Won by The Review
Brand Priw
Paris Exposition, 1000 Silver MedaI. Charleston Exposition, 1902
Diploma.Pan-American Exposition, 1801 Gold Medal
St. Louis Exposition, 1904
Oold Medal
Lewis-Clark Exposition, 1905.
LONG DISTANCE TELEPHONES-NUMBERS 4677 and 4678 GRAMERCY
Connecting all Departments.
Cable a d d r e s s : " Elbill. New York.**
NEW YORK, FEBRUARY 19, 1910
EDITORIAL
T
H E attitude of the Washington Administration was clearly out-
lined by President Taft in his speech at the Republican Club
banquet in this city last Saturday night.
The hope of the administration is to encourage prosperity, but
corporations must conform to the laws.
There was nothing spectacular or flamboyant in the President's
remarks.
He outlined his policy in a straightforward business manner,
and about his utterances there was a frankness that was gratifying
to say the least.
His statements in relation to the trusts are worthy of the closest
study.
His language means unquestionably that the Administration
intends to do all that it legitimately can to prevent any loss of busi-
ness confidence, but that those concerns who are interested in gross
violation of the Sherman law must overhaul their methods or suffer
the consequences.
It was a perfectly frank speech.
There was really nothing new to say, but Wall street wanted
to be reassured. W r all street apparently cannot rest. From the
President's message and speech it dreaded some hidden thing and
cried out in apprehension.
The Wall street scare will not last long and there is no evidence,
at least for the present, in the figures forthcoming from the busi-
ness world to justify or even excuse the gloomy forebodings to
which Wall street has recently given evidence of.
It is between seasons for many industries and in mam lines of
activity and the unusual severity of the winter has very seriously
crippled operations which must be carried on in the open air.
This condition is particularly true of the building trades where
construction in nearly one hundred cities shows a decline as com-
pared with January a year ago.
The leading trade journals representing the iron and steel
trades made up recently a statement of January trade and there was
REVIEW
nothing in the tabulated reports which furnished occasion for the
.slightest uneasiness.
W
HILE there are conditions in almost every trade which are
not entirely satisfactory, yet, viewing the business situation
broadly it must be admitted that there is nothing at present disclosed
which should furnish the slightest ground for business men to hold
back in their purchases and all should make a special endeavor to
remove doubt as to the business possibilities for the year in the
minds of those who are inclined to take a pessimistic view.
We never have everything quite to out liking in this world
of ours and probably we never will have because it is not possible
for the human mind to remain in a condition of perfect satisfaction.
One thing is certain—the men who plan their business along
progressive lines will be the ones who will show the greatest advance
for the year.
Too much conservatism will act detrimentally for those who
ingraft that policy into their business.
The better way is to cut out the words "business doubt" from
our business vocabulary and in place substitute the phrase "go
ahead."
It will work out better and at the close of the year the "go
ahead" policy will have won, whereas the man who is filled with
doubt will have been left in the race.
There will be hundreds of thousands of pianos manufactured
and sold this year, for the absorptive power of this country is some-
thing phenomenal and the men who show the right kind of confi-
dence in the country's purchasing powers will be the ones who will
supply the large demand for pianos and player pianos.
Now those who have a tendency and are developing the pessi-
mistic habit will do well to paste this on the wall, where they can
refer to it constantly.
N
O one who studies the player interests of this country can be
blind to the fact that they are greatly increasing in im-
portance and that there are some concerns which are forging rapidly
ahead no one can deny.
That there are others whose directing forces have failed to
keep up with the procession must also be readily admitted.
The player situation is indeed an interesting one and closely
associated with the industry are a number of men who fully grasp
its importance, nut only as a present factor, but one of increasing
power within the very near future.
The player situation is changing and the prediction which we
made at the close of last year that ujio would show important
changes is already coming true.
In the news columns of The Review'of last week important
announcements were made concerning the Chase & Baker interests.
There was a large increase in the capital stuck of the Buffalo
Company—the purchase of the new and modern plant at Holly,
Mich., and the incorporation of a new company to make Chase &
Haker players at that point.
Now, that move alone should be evidence to those who are
watching the trend of player events that there is force behind that
enterprise which is destined to be heard from in no uncertain
manner.
In other words, that the personality of one man, Jacob Heyl,
is going to figure prominently in the • player department of the
industry.
He is a careful, systematic planner, a man who studies and
weighs every mrive carefully before he acts, but when he once con-
cludes to make a certain move depend upon it the move will be
made and there will be sufficient power behind it to make it a
success.
The personality of Jacob Heyl will be felt in the player de-
partment of the music trade industry in a larger way than at the
present time.
W
E are in constant receipt of communications from subscrib-
ers in all sections of the country who find time to sav a
complimentary word to I he Review commending the general policy
adopted by this publication.
Tt is only at occasional periods that we refer to these communi-
cations because if we printed all of them a large proportion of the
paper would be taken up for that purpose and it would seem to be