Music Trade Review

Issue: 1912 Vol. 55 N. 6

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
8
MU31C TRADE
REVIEW
STUDYING FOREIGN CREDITS.
American Manufacturers Seek Information at
Home and Abroad—Letters of Inquiry Sent
to All Parts of Country—Special Agent of
Department of Commerce and Labor to Incor-
porate Results with Report on European
Credit Practices.
Miss Edith Courtman
dropped in to see her
father, the well known
lawyer, again about the
purchase of a piano. She
said: "I have been looking
into the piano question
and I am convinced that
there is no instrument that
show" up so well as Bjur
Bros. 1 have played upon it
and it has the most respon-
sive action and its treble
is delightfully sparkling.
Besides, I have two or
three friends who pur-
chased these pianos and
they are very much pleased
with them. Jack Pace-
maker, who r e p r e s e n t s
Joseph Hustlingboss, in-
sists that there is no piano
that we can buy that will
give us as much satisfac-
tion. Can I get the Bjur.
Bros.?"
"Why, my dear," replied
Mr. Courtman, "I wish to
please you in the matter
of a piano purchase so sup-
pose you have one sent
around to the house and
we will all have a chance
to look it over, and if we
find that it is all right we
will take the piano."
2572-2574 Park Ave., New York.
ESTABLISHED 1887.
A national investigation of the foreign credit
practices of American exporters has been under-
taken by the American Manufacturers' Export As-
sociation. Letters of inquiry have been sent out
requesting information on eight separate points,
the replies to which will be treated as strictly con-
lidential, the only object being to gather authentic
information for general use in the preparation and
publication of an exhaustive report on the whole
subject.
A similar investigation of credit conditions and
practices of our leading competitors tor foreign
markets has been under way for almost a year and
has had the co-operation of the Bureau of Manu-
factures of the Department of Commerce and
Labor. For this purpose, Archibald T. Wolfe was
appointed a special agent of the Department of
Commerce and Labor, who proceeded abroad to
study credit conditions.
Mr. Wolfe is now engaged in the preparation of
a detailed report on the subject of "foreign credits,"
and for the sake of increased practical utility to
American manufacturers engaged in the export
trade, the investigation of the methods pursued by
domestic interests has been begun, so that the re-
sults thereof may be incorporated in the report.
The letters of inquiry which Henry T. Wills,
secretary of the American Manufacturers' Export
Association, announces have already been sent to
the exporters, contain the following queries:
1. Do you grant credit to customers in foreign
markets? (a) By means of open credit? (b) By
means of drafts?
2. If not, why not?
3. If you grant credit to foreign customers,
please indicate the terms you grant in: (a) South
America, (b) Central America, (c) Mexico, (d)
South Africa, (e) Australia and New Zealand, (f)
Far East, (g) other countries.
4. Do you find trouble in discounting your drafts
on foreign customers? If so, please state what
is the difficulty, mentioning countries on which the
draft is drawn.
-"). In discounting notes, do you make use of local
banks, New York banks, merchant banks, or agen-
cies of foreign banks? Do you rind much differ-
ence in the rates of discount quoted by these vari-
ous channel's?
fi. Have you any suggestions to offer with re-
gard to making credit dealings with approved cus-
tomers in foreign countries comparatively safe for
American manufacturers?
7. What do you consider a reasonable time limit
to grant to customers of assured credit standing
abroad, without placing on the shoulders of Ameri-
can manufacturers the burden of carrying a num-
ber of foreign accounts?
8. Do you find any trouble in procuring dependa-
ble credit information on the standing of foreign
customers ?
At the second annual convention of the associa-
tion, which is to be held in this city on Sept. 20,
21, 1912, the question of foreign credits will form
one of the principal subjects of discussion.
HAROLD S. HOLMES RETURNS
For Only a Brief Stay in New York—Brings
Good News from Kansas.
Harold S. Holmes, the traveler for Henry & S.
G. Lindeman, Fifth avenue and 142d street, New
York, got in Saturday after an extended trip taking
in the big spots east of Kansas. Mr. Holmes will
take a few days' rest and will probably leave for a
more extensive journey. He says that conditions
appear excellent. For instance, he was told that,
barring unusual weather conditions, the State of
Kansas alone will produce enough wheat to give a
bushel to every man, woman and child in this
country. As Mr. Holmes travels about eleven
months of the year, it is probable that he holds the
piano traveling mileage record.
PIPE ORGAN FOR THEATER.
A Fine Moller Organ Installed in the Alhambra,
Indianapolis—Trade News of Week.
(Special to The Review.)
Indianapolis, Ind., Aug. 6, 1912.
The largest pipe organ ever placed in a motion
picture theater is that in the Alhambra, Dickson
and Talbott's new house, which opened here last
week. The organ was constructed by M. P. Moller,
of Hagerstown, Md. With all of its accessories it
requires more than one thousand square feet of
operating space.
The instrument is of the two-manual type, has
thirty-seven registers and, in all, has seventy-eight
accessories. In the loft of the Washington street
front of the theater, 120 feet distant, is an echo
organ equipped with cathedral chimes. It required
six weeks for T. A. McBride, chief constructor,
and four assistants to place the monster instrument
and adjust it for concert use. The pipe organ in
the moving picture theater has found favor with
the people of Indianapolis. A smaller pipe organ is
installed in another of Dickson and Talbott's pic-
cure theaters here.
C. C. Thomas, manager of the local Aeolian Hall,
says in spite of July and August being vacation
months, in which his salesmen and other help, as
well as the patrons of the house, are taking vaca-
tions, business has been good. William T. Wood-
ley, of Chicago, who bought the interest of Alex-
ander M. Stewart in the Wulschner-Stewart Music
Co., 229 to 231 North Pennsylvania street, has
taken charge of the store and is making a personal
examination of the stock.
The sale of player-pianos by the local houses ha*s
been almost up to par throughout the last two
months. "Well, the player business has been good,"
is the greeting the inquirer gets from the piano
dealers. The Starr Piano Co. and Pearson's Piano
House, in North Pennsylvania street, report good
business conditions for the summer months.
Gfo LAUTEPltUMAM
fheplaverpiatio with humanlike control
The delightful quality of the LAUTER-
HUMANA is apparent to all who ex-
amine the instrument. Judge it from
any point of view you will, you can-
not investigate it without being im-
pressed with the unusual pains taken
in construction.
We aim to satisfy the most intelligent
class of buyers—those who appreciate
a fine instrument and who, finding it,
become enthusiastic in its praise.
We invite inquiries.
L'AUTER
CO.
NEWARK, NEW JERSEY
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
MUSIC TRADE
REVIEVA/
Presidential Campaign Will Not Have
Harmful Effect on Fall Business.
Leading Piano Merchants, Throughout the Country, Write The Review That
Business Will Triumph Over Politics and That the Presidential Campaign Will
Not Have the Customary Deterrent Effect on the Trade of the Country—The
Letters Are Couched Along Optimistic Lines and Show a Spirit That Can-
not Fail to Win Success—Piano Manufacturers Will Be Encouraged at
the Trend Revealed in These Communications, Which Have Been
Selected From a Large Number Received, as Manifesting the
Feeling Prevailing Among Piano Merchants Everywhere.
With the object of ascertaining to what extent the Presidential campaign is likely to disturb business in the
piano trade field this fall, the following communication was sent from this office to a number of piano merchants
throughout the country asking for a few clean cut statements concerning the effect of politics upon business and
whai should be done to counteract the slackening energy which becomes apparent every Presidential year. The
letter read in part as follows:
"I am deeply interested, as doubtless you are in counteracting any influence caused through the
coming political contest for Presidential honors. I, therefore, believe that any expressions of views
from leading members of the trade upon this important subject will be of interest and will help to set
the trade mind thinking along right channels. I do not believe that changing political conditions
should bring about depression in business. I affirm that by permitting ourselves to believe that busi-
ness will be dull we naturally drift into a pessimistic position and consequently slacken our business
energies. What we need most is good business optimism—the kind of optimism which does not
balk at shadows—the kind of optimism that looks the things of this world in the face—no matter
whether it be a Presidential year or an off crop year. We always face something which may be
distorted so that it will affect business; but, it is dangerous to cultivate business pessimism."
The answers which we reproduce are of more than ordinary interest because they emphasize the fact that
business is rapidly being divorced from politics. Indeed, these letters from widely separated sections, are in-
dicative of business conditions for the coming season that a few campaigns back would have been considered a
little short of marvelous. It is stimulative and helpful to the industry to receive and transmit the views of men
who are in a position to study the conditions at close range and therefore qualified to speak authoritatively on the
subject under discussion. The communications are, on the whole, most encouraging, and should act as an in-
spiration to piano manufacturers and merchants alike to go ahead and do business and let politics and the tariff
take care of themselves.
KIESELHORST PIANO CO. (E. A. Kieselhorst),
St. Louis, Mo.
Large dividends are paid on time and thought
invested in discovering the good in all things.
Paradoxical as it may seem, one can easily be-
come an "aggressive-conservative" optimist. As
such he will never permit anything to stand in the
way of gradually planting his banner or standard
higher up; in other words, advancing his interests
in a timely, methodical manner.
Changing political conditions should not bring
about a depression in business. In my opinion it
doesn't make any difference who is elected in No-
vember. Our vast population of 90,000,000 people,
which is rapidly increasing, must be fed, clothed,
housed, transported, educated, amused, etc., and the
more rapidly, money is kept circulating by purchas-
ing the necessities, comforts and pleasures of life
the more prosperous will be general business con-
ditions.
Touching on our particular industry, if the re-
tail piano merchant will simply say, "Nix on poli-
tics," and keep his mind centered on evolving a
line of newspaper and other advertising that will
create a desire in the minds of the readers to own
a piano or player-piano, and then keep his sales-
men "speeded up" in satisfying their desires, the
piano manufacturers can easily utilize their fac-
tories' full capacity.
While I am a firm believer in a reasonable pro-
tective tariff, my faith in the ability of the people
of the United States to overcome any and all ob-
stacles and excel in practically .everything is so
great that I would not be surprised if we would
"win out big," even if the present overly high
tariff wall were pulled dowtv entirely.
After all, most of the discontent, ill feeling and
"drag" in the world is caused by looking for trou-
ble that very seldom happens. The anaemic com-
mercial and political "ghost-hunters" are amusing
pigmies to the full-grown, red blooded, evenly-bal-
anced optimists. One should never interfere with
any liberal views he may have. It might consti-
pate his brain.
YEAGER PIANO CO. ( H . W . Yeager), Hart-
ford, Conn.
Did you ever hear a man in business say, "Well,
next year is presidential year, and business will be
dull"? Well, neighbor, if you have, just take an-
other good look and you will see the cobwebs hang-
ing around his door. Go further, and analyze this
man in business, and you will find rust, dry rot and
business depression permeate his entire feeble
efforts.
There is a difference between a business man
and a man in business.
Business depressions come more from a lack of
confidence in ourselves and in others than actual
reasons of shortage of production, or over-produc-
tion. The cost of living commodities creeps higher
each succeeding year, largely through combinations
in restraint of common trade and natural distribu-
tion. Again, from the lack of knowledge, general-
ly, of our young men reared on the farms to
analyze the soil of their farms to learn just what
the soil needs to neutralize and produce paying
crops, thereby creating discontent among this class
of former sturdy producers, who drift to the cities
for better remuneration for their labor.
We should have more free endowed agricul-
tural colleges to educate the young men for the
farms.
The might of the people prevails. The silent
vote, which always decides the fat*e or future of
any great economic or political question, will be
cast this fall, as it has in the past, in the interests
of the people. The real causes of the high cost of
living are apparent to this great army of silent
voters. Both political parties recognize this, and
seem to be in a race to determine which shall have
the privilege to remove the causes.
Business men are steady and hold the pendulum
of the business of this country. "The swing is
upward." Business men are optimistic, and optim-
ism means volume of business. The presidential
bugaboo is passing.
E.
F. DROOP & SONS CO. ( E . H. Droop),
Washington, D. C.
Being a citizen of the District of Columbia—the
home of the Federal Government—I am a man
without a vote, and therefore am precluded from
participating actively in politics as long as I re-
main a resident of the District.
However, that does not deter me from taking a
live interest in the great questions of the day, and
in following the recommendations and actions of
the several political parties.
In former years, before the existence of the civil
(Continued on page 10.)

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