Music Trade Review

Issue: 1914 Vol. 58 N. 16

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
RLMFW
ffUJIC TIRADE
VOL.
LVIII. N o . 16 Published Every Saturday by Edward Lyman Bill at 373 Fourth Ave., New York, April 18, 1914
E
SING
$ 2E OO CO PE I R S VE°AR ENTS
VEN those people who have only a superficial knowledge of inner trade conditions realize
how the player-piano is constantly narrowing the proportion of sales between the straight
and the player-piano, and at the present rate it will not be very long before they will be
running neck and neck.
The astonishing growth in the player-piano demand during the last two or three years is bring-
ing about new conditions, and I am going to repeat what I have said in former issues, and that is,
unless the dealers themselves fully understand the conditions which they face, and change their
methods, some of them will be trading themselves out of business.
When a player-piano is sold and a straight piano taken in part payment, the piano merchant
is selling the player-piano, which represents a considerable investment, and is accepting as part pay-
ment thereof an instrument which he must resell at a profit before his original transaction will
have become completed. In brief, he is undertaking two transactions. He is selling a player-piano
and buying a straight piano, which I have termed a trade-in. Obviously, until this trade-in is sold
again at a profit, there is no complete sale.
Now, because a great many dealers have taken trade-ins in transactions of this nature at sur-
prisingly high valuations is the chief reason why they have not made money.
I recall many years ago, I was in a wareroom chatting with the proprietor of a well-known
Western piano business, when his bookkeeper announced to him the result of the year's business.
He scanned the report and shook his head in a doubtful way.
The bookkeeper showed considerable surprise, and said: "Why, Mr. B
, that is a splendid
report. Look at what you have made."
"Ah! yes," replied the dealer, "a splendid report on paper, but let us figure it out. Here you
have got as the chief part of my assets a big stock of second-hand pianos stored in the downtown
building for which we are paying rent for storage purposes, and in this store as well. I will take
your leases at their face value, but you have got thousands of dollars carried here as assets which
to my mind are capable of shrinking to one-quarter from their present value. For instance, you
have got an old B
square piano at $150. Its actual worth is $25 to $30. Young man, when we
accept a report like that we are fooling ourselves."
This old piano man has passed away, but I never have forgotten the statement which he made
regarding that old stock, and I think what was true in those days is true at the present time.
I never have known of a failure in the retail trade but that in the assets of the firm appeared
a lot of worthless junk in the shape of trade-ins inventoried at high rates. This antiquated prop-
erty, of indefinite value, was traded in at high rates, and the salesmen, instead of trying to get rid
of these pianos, would always concentrate their energies on new pianos. Hence, year after year,
the trade-in stock increases and is carried on the books, in many instances, at the original prices,
and I repeat that the allowances made are absurd.
A well-known dealer from Pennsylvania was in my office this week, and he is much interested
in the articles which appear in this paper anent the trade-in problem, and complimented us upon
our work.
He said, in line with our efforts towards establishing a national system for trade-ins, that one
of his dealers last week called upon a party who had been visited by a salesman from a competing
house.
(Continued on page 5.)
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
MEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SP1LLANE, Managing Editor
Executive and Reportortal Staff:
B. BRITTAIN WILSON,
A. J. NICKLIN,
CARLETON CHACE,
AUGUST J. TIMPE,
BOSTON OFFICE:
JOHN H. WILSON, 324 Washington St.
J
_ , , ' . . ....
Telephone, Main 6950.
PHILADELPHIA:
L. M. ROBINSON,
W M . B. WHITE,
CHICAGO OFFICE:
E. P. VAN HARLINGEN Consumers' Building.
220 So. State Street. Telephone, Wabash 5774.
HENRY S- KINGWILL, Associate,
MINNEAPOLIS and ST. PAUL :
R. W. KAUFFMAN.
GLAD HENDERSON,
L. E. BOWERS.
ADOLF EDSTEH.
ST. LOUIS :
CLYDE JENNINGS,
SAN FRANCISCO: S. H. GRAY, 88 First St.
DETROIT MICH.: MORRIS J. WHITE.
CINCINNATI, O.: JACOB W. WALTERS.
BALTIMORE, MD.: A. ROBERT FRENCH.
INDIANAPOLIS.IND.: STANLEY H. SMITH.
MILWAUKEE, W I S . : L. E. MEYER.
KANSAS CITY, MO.: E. P. ALLEN.

PITTSBURG, PA.: GEORGE G. SNYDER.
LONDON, ENGLAND: 1 Gresham Buildings, Basinghall St., E. C.
Published Every Saturday at 373 Fourth 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,
$8.50; all other countries, $5.00.
ADVERTISEMENTS, $3.00 per inch, single column, per insertion.
On quarterly or
yearly contracts, a special discount is allowed. Advertising pages $90.00.
REMITTANCES, In other than currency forms, should be made payable to Edward
Lyman Bill.
Player-Piano and
Technical Departments.
Departments conducted by an expert wherein all ques-
tions of a technical nature relating to the tuning, regu-
lating and repairing of pianos and player-pianos are
dealt with, will be found in another section of this
paper. We also publish a number of reliable technical works, information concerning which
will be cheerfully given upon request.
Exposition Honors Won by The Review
Grand Prix
Diploma
Paris Exposition, 1900
Silver Medal- •.Charleston Exposition, 1902
Pan-American Exposition, 1901
Gold Medal
St. Louis Exposition, 1904
Gold Medal-• Lewis-Clark Exposition, 1905
X.ONO DISTAJTCTC TELEPHONES—NUMBERS 5982—5983 MADISON SQ.
Connecting- all Departments
Cable address: "Elblll, New York."
NEW
YORK,
APRIL
18, 1914
EDITORIAL
B
USINESS prospects throughout the country are improving.
Crop conditions at this time of the year were never hetter,
and the only cloud on the horizon is the activity of our law-
makers in Washington, who are not giving the country a chance
to recuperate from the radical changes in the tariff, currency and
other matters which have been the subjects of adjustment by
Congress. The dilatory tactics of the Interstate Commerce Com-
mission in withholding a decision regarding higher freight rates
for railroads is also a serious hindrance to business advance.
The people of the country are getting weary of regulative
legislation and the apparent animus toward business men and
business institutions which prevails in Washington. There is
a growing sentiment that it is time that there should be a let-up
and allow the country to get a breathing spell.
We have still to face considerable anti-trust legislation, with
a suggested Interstate Trade Commission, which plans to super-
vise business as the railroads are now supervised. Heaven knows
if a law is passed to supervise business generally along the same
snail-like plan that the railroads are now supervised, it will be a
serious hindrance to business expansion and business health.
As we have frequently remarked, there seems to be a verita-
ble craze among legislators at the present time for supervision.
We are fast becoming Russianized in a manner that is simply
abhorrent to real Americans and admirers of democratic govern-
ment. Our "supervising" tendencies are the very antithesis of
the ideals adhered to by the founders of our government.
T
HE attainment of the fiftieth anniversary of the founding of
the house of Kranich & Bach, which is referred to at some
length in another part of this issue of The Review, brings forci-
bly to mind the achievements of this famous piano manufactur-
ing establishment—the personalities that have contributed to
its success, and the broad-minded, artistic policy which has ever
been adhered to in the conduct of the business.
Anniversary celebrations may be termed milestones on the
road to progress, as they enable one to measure accomplishments
and plan out new achievements—hence this golden anniversary
of Kranich & Bach brings before us the aims and purposes of
the founders of this business—their especial qualifications—their
ideals and realizations.
Helmuth Kranich was an intensely practical man who de-
voted himself to the production of pianos with a zeal and enthu-
siasm born of a desire to produce the best possible product, while
his partner, Jacques Bach, was a business man of splendid quali-
fications—cultured, refined—a man who made hosts of friends
personally and for his house in his country-wide travels.
That such men should succeed was inevitable. They
stamped their individuality on the Kranich & Bach products.
They builded not for a day, but for all time. They exercised the
most painstaking care in the manufacture of their products, hold-
ing ever in mind the highest ideals, to the end that recognition
should come to them as thoroughly upright piano manufacturers,
whose products were entitled to the widest recognition from dis-
criminating musicians.
When these pioneers passed away they bequeathed to their
children a record as piano manufacturers and honorable men,
which the present members of the house of Kranich & Bach have
not only cherished, but splendidly perpetuated. For they have
moved along careful, progressive lines, never making a move that
would tarnish the Kranich & Bach prestige, but rather, through
the production of pianos and player-pianos of great worth, have
distinctly augmented the reputation handed down to them in a
manner that has won national recognition.
It rarely happens that the sons of the founders of a business
should be associated with the same concern after fifty years of
existence, all imbued with the same ideals, the same aspirations,
the same purposes as were possessed by their fathers—creating
instruments that represent the highest expressions of musical
art, made by men of creative and executive ability who are
pushing on to new conquests and new achievements.
But such is the record of the conscientious, capable gentle-
men who to-day control the destinies of Kramch & Bach.
T
HE average business man, whether he makes and sells pianos
or is engaged in some other branch of trade, is, if he is suc-
cessful, a believer in modern business methods—in efficiency in
business. The great trouble with many successful men is, however,
that they are so busy looking after the details of trade that they do
not have the time or inclination to look after their personal efficiency
and keep it up to a fixed standard, a matter as vital as the proper
condition of the business itself.
A new society has been organized in New York, which has the
support of the leading insurance companies, and which has for its
abject the periodical physical examination of those who subscribe
to it or are eligible to enjoy its service for other reasons. The
society is based on the old idea that "an ounce of prevention is
worth a pound of cure" and plans to reduce or eliminate organic
troubles in the human body by discovering and treating such in-
cipient trouble before it has a chance to develop to dangerous pro-
portions.
The insurance companies endorse and support the new idea,
not from any feeling of philanthropy, but because by anticipating
and counteracting in the beginning the ailments of their policyhold-
ers they can secure more premiums per policy and therefore make
more money. Can the individual business man afford, any more
than the insurance company, to risk illness?
The factory and its equipment are inspected regularly, and the
slightest sign of trouble, even a loose bolt on a machine, brings
quick relief, and yet the head of the factory gaes for years, perhaps,
without undergoing a single inspection.
In all too many cases the business man feels that he cannot
spare the time from his desk to go under an examination at regular
intervals, or to treat minor ailments, with the result that he is finally
compelled to give up business entirely at the end to overcome some
serious ailment that has been years in developing.
The officials of a company are certainly as valuable to its prog-
ress as the machinery used for manufacture of its product, so why
should he not give his physical welfare the same attention? It's
good business!

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