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THE
DEATH OF E. H. FLYNN.
President af the Farrand Co. Dies Suddenly of
Heart Disease—Connected with Many Prom-
inent Enterprises in the City of Detroit.
(Special to The Review.)
MU3IC TRADE
REVIEW
PIANO HOUSE CHANGES NAME.
G. A. Vossler & Sons Co., Poughkeepsie, N. Y.,
to Be Known as the Prescott Piano Co. of
New York—Business to Be Continued at
Same Address Without Any Change.
Detroit, Mich., Nov. 27, 1911.
Elisha H. Flinn, president of the Farrand Co..
died suddenly of heart disease Friday night, at his
home in this city. He was sixty-eight years old
and was one of the best known of Detroit's wealthy
business men.
Mr. Flinn was born in Riga, N. Y., December 16,
1843. He came to Detroit in 1865. He was educated
as a lawyer, but was so successful in business ven-.
tures in which he took part that he abandoned the
legal field for commercial pursuits.
His interests were widely diversified. Besides
being president of the Farrand Co., he was presi-
dent of the Northern Iron & Chemical Co., vice-
president of the Old Detroit National Bank, a,mem-
ber of the executive boards of the Detroit Trust
Co., a director of the Wayne County Savings Bank
and interested in a minor way with many other
business enterprises.
He was a member of the Detroit Club, the Coun-
try Club, the Huron Mountain Club, and took a
keen interest in all outdoor sports.
Poughkeepsie, N. Y., Nov. 27, 1911.
An order was made by Judge Morschauser last
week authorizing the G. A. Vossler & Sons Co. to
change its name to the Prescott Piano Co. of New
York, to take effect Dec. 20, 1911. The G. A.
Vossler & Sons Co. was incorporated over ten
years ago, succeeding the firm of G. A. Vossler
& Sons, which had been established eight or nine
years before.
The present directors of the G. A. Vossler &
Sons Co., which name will be changed to the Pres-
cott Piano Co. of New York, are George D. B.
Prescott, treasurer of the Prescott Piano Co., t>f
Concord, N. II.; George A. Cassedy, of the George
A. Cassedy Co., Schenectady, N. Y., and Dana G.
Prescott, 252 Mill street, this city.
The business will be continued without change
at 349 Main street, next to the First National
Bank, the location that the firm has occupied for
many years.
CORPORATION!AX LAW.
ACTIVITY IN CENTRAL WEST.
Congressmen Urged to Make a Change in
Date of Accounting for Purposes of Tax.
A Leading Banker and Business Man Makes
Some Encouraging Remarks Regarding the
Business Situation in His Territory.
(Special to The Review.)
(Special to The Review.)
Washington, D. C, Nov. 27, 1911.
Hundreds of circular and personal letters are
being received by members of the House urging
that companies coming under the corporation tax
law be permitted to make their returns as of the
close of their individual fiscal years. It is ap-
parent from the similarity of the letters that a
concerted effort is being made to secure the de-
sired permission.
"The change in corporate accounting for pur-
poses of Federal corporation tax," says one of the
letters, "is a matter which has the support of a
very large number of commercial bodies and in-
dividual corporations throughout the country.
Chambers of Commerce and similar bodies in sev-
eral of the principal cities have passed resolutions
favoring such an alteration. There seems no rea-
son w"hy the purposes of the Government cannot be
equally well served by permitting companies to
make their returns as of the close of their in-
dividual fiscal years.
"The only objection which has been raised by the
Government or its officials is that it would be in-
convenient to make another change now that the
law fixing December 31 of each year has been put
in effect. This objection by its weakness shows
there is no valid reason from an administrative
point of view why December 31 should be main-
tained as the fixed termination of all fiscal years.
"Adoption of the natural fiscal years of all cor-
porations would spread the work of accountng
more or less evenly throughout the twelve months
and it would work a saving financially. Not only
this, but the administrative affairs of government
could be more easily and less expensively carried
out. Under the present regulation balance sheets
and inventories from approximately 400,000 cor-
porations have to be compiled and submitted to
Washington between December 31 and March 1.
This involves an abnormal amount of clerical as-
sistance, much of which cannot be as efficient as
that of the regular staff of the department. In
every way, therefore, the proposed amendment calls
for commendation."'
9
Discussing business in the Central West, one
of the leading bank presidents of Des Moines
informs the Evening Post that the volume of retail
business in his section of the country is fully up to
that of a year ago, and in some instances larger.
"Some of our wholesale firms are doing more
business than they were last year at this time, and
last year was a good season," said this gentleman.
"The volume of retail business is fully up to the
average. There is an attitude of uncertainty among
the business men, however, more particularly con-
cerning the trend of prices. This, of course, keeps
stocks low and prevents any extensive buying."
Asked as to what effect the government's attitude
toward the Trusts was having in this region, the
banker said that this was responsible for the atti-
tude of uncertainty, and was causing business in-
terests to wait and see what the other fellow was
going to do before venturing out of the beaten
pathway of trade.
The manager of a wholesale firm in the same
city said recently: "We are doing more business
than we ever did. The report that business is dull
is not true in our territory. The people out over
the State are prosperous and are living well and
buying liberally."
DRUMMERS' WAR ON TIPS.
Program for a Country-Wide Campaign Sent
Out by Commercial
Travelers'
National
League—Is Already Bringing Results.
Resolutions against tips will go into effect among
the drummers of the country with the new year, if
plans work right. Here is the program issued last
week by the Commercial Travelers' National
League:
To patronize tipless hotels everywhere and boy-
cott others; to taboo hotels or clubs in cities
that stick to tips; to cut out tipping in restaurants,
barber shops and sleeping cars and thus destroy in
this country the un-American tipping system. Lists
of rooming houses are to be prepared for the use
of drummers in places that will not reform, and
RECEIVER FOR PIANO CO.
chambers of commerce are to be solicited to es-
The Detroit Trust Co. have been appointed re- tablish free and tipless central showrooms for
ceiver for the Flint Music Co., Flint, Mich., which drummers.
All in favor of these resolutions are requested
has been conducted for some time past by E. J.
Smith, Jr. It is reported that the total liabilities to say so by postal card to P. E. Dowe, president
of the concern are not expected to exceed $10,000. of the League, Pulitzer Building, New York, and
to await instructions from him as to what to do
We propose to give five dollars a week for a next.
short, chatty expression of views upon interesting
F. B. Ireland has removed his stock of music
topics.
Consult our special announcement else-
goods to a new location in Independence, la.
where.
f:
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