Music Trade Review

Issue: 1915 Vol. 60 N. 12

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
51
FOR THE REFIEFJ)F^ THE IMPORTERS
Liquidation Entries Are Suspended on Mer-
chandise from Germany and Austria—Coins
Low Exchange Value—Depreciation of the
Mark and Crown Has Resulted in This
Rather Unusual Action.
With the receipt last week by Collector Malone
of an order from the Treasury Department to sus-
pend the liquidation of entries on merchandise from
foreign countries where a depreciation in currency
has taken place, a serious situation is alleviated for
the time being at least. During the last few months
the currency of Germany and Austria-Hungary has
been steadily depreciating, while Collectors of Cus-
toms throughout this country have been exacting
duties on the basis of the values proclaimed by
Secretary McAdoo on January 1 last.
While the fluctuations have at times moved
slightly upward, the general tendency in the case
of German marks and Austrian crowns has been
downward until at the present time the values of
these coins are 15 or more per cent, below the
exchange values proclaimed by the Treasury's head
and used by customs officers in liquidating duties
on goods from the two countries concerned. The
mark, for instance, which was proclaimed by the
Secretary the first of the year as the equivalent in
American money of 23.8 cents, has at times depre-
ciated to around 16 cents. The Austrian crown,
decreed by the Secretary to be worth 20.3 cents in
United States currency, has dropped quite as much
as the mark.
Up to this time, however, the Treasury authori-
ties have not been inclined to take any action for
the relief of the importing interests, which have
been under the necessity of paying the American
duties on the basis of the proclaimed values, where-
as the merchandise involved possessed a lower
value than the liquidated value. The situation be-
came so serious that importers here with German
and Austrian connections retained Edward P. Shar-
retts, Frederick W. Brooks, Jr., and other attorneys
to confer with the Treasury Department. The of-
ficials of the Department indicated that they were
unwilling to take drastic action looking to a sus-
pension of liquidations without further informa-
tion from abroad. In view of this attitude, the
legal representatives of the importers were sur-
prised when told of the Department's action.
The Department's order to Collector Malone, and
presumably to other collectors, is to stand pending
an investigation to be conducted through the De-
partment of State, by United States Consuls sta-
tioned in Germany and Austria. Collectors will
continue to take duties for the present based on the
Treasury's proclaimed values, but final liquidation
will be postponed until the Government agents are
able to file their reports. This means, in practice,
that importers will eventually receive the benefit
of any lower rate of exchange that the Department
may conclude to adopt, without compelling mer-
chants to go to the expense of litigating claims be-
fore the Board of General Appraisers and the Cus-
toms Court.
The next official revision of exchange values of
foreign currencies takes place April 1, and it may
be that by that time the Treasury Department will
be in a position to modify materially the values
recorded Jan. 1. If not, the present suspension of
liquidations will be continued.
"In normal times," Mr. Sharretts said this week,
"these questions are academic, because there is very
little difference between the pure metal values, ex-
change values and proclaimed values of standard
currency.
Now, however, importers are very
anxious to know what effect this depreciation will
have on their customs duties, and many of our
clients have sought legal advice. In my opinion,
the object of the law is to assess duty on a value
in United States currency that corresponds with
the actual value of the goods at the date they were
shipped.
"If such actual value is lower than the proclaimed
value of the currency of any particular invoice, the
importer should see to it that the requirements of
the statutes and regulations are fully complied
with."
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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
THE MAGNIFICENT VICTOR TEMPLE OF MUSIC.
One of the Noteworthy Features of the Palace of Liberal Arts at the Panama-Pacific Exposition
—Temple Designed and Built on a Most Sumptuous Scale—The Details Explained.
Among the hundreds of artistically designed and
beautifully finished booths in the Exhibit Pal-
Exterior
View of the
sylvan glade on Parnassus. The outer walls are
composed of three great windows of plate-glass,
Vistor Temple of
aces, at the Panama-Pacific Exposition, San Eran-
cisco, the Victor Temple of Music stands out
prominently, and is being pronounced by the visit-
ing thousands as the most beautiful single exhibit
on the grounds. It is situated in the center of the
Palace of Liberal Arts, which adjoins and is at-
tached to the Tower of Jewels, which faces the
main or Scott street entrance. Upon entering the
grounds the outer wall of growing moss serves to
day, and this attendance is being daily repeated.
The combination of dignity, elegance, quiet rest-
fulness and the sheer beauty of the place is such
tha* men who enter unconsciously remove their
hats, and everybody enters as if going into a draw-
ing room or cathedral.
At the sides of the stage are two booths for
business conferences and special demonstrations.
Immediately back of the stage are skilfully ar-
ranged record racks, carrying a complete and en-
tire stock convenient for use. At the right rear
of the stage is located the office, beautifully furn-
ished in dark brown mahogany, the office and
guest chairs with inset panels of dark can:. The
wall is covered with grass cloth in combined
shades of rose and gold. The carpet is of rose
Bundhar Wilton; the hangings at the French win-
dow doors are of cream casement cloth overhung
with rose silk. On the walls are photographs of
President Eldridge R. Johnson and General Man-
ager L. E. Geissler, and autographed copies of
photographs of some of the great artists who sing
for the Victor Co.
On the left rear of the stage is found the Re-
Music.
on each of the three sides which face the main
streets of the building. The inner row of pillars
on the two sides give a peristyle effect which furn-
ishes an ideal place for the display of Victrolas, of
which there is at hand an entire line in all the
various finishes of oak, mahogany, Circassian wal-
nut and Vernis Martin. The Auditorioum has low-
vaulted ceiling, so designed as to produce perfect
acoustics, the whole lighted by a system of con-
cealed lights which pro-
duce a soft effect of
modified sunlight from
no visible source. At
one jide there is a stage
of ample proportions for
lecture work, concerts,
interpretative and folk
dancing given by indi-
viduals and classes, and
so forth.
The furnishings (vel-
vet stage curtains, dra-
peries, carpet, leather
A View of the Reception Room.
ception Room, delicately tinted and daintily furn-
ished. The wall is light green ami overlaid rose,
flowered, the carpet green Wilton; the furniture
imported English Dryad (cane) ; hangings at the
French window door, casement cloth and gold-
green brocade. The pictures here are of Spring,
carrying out the same coloring, and all on musical
The Stage, Rest Room and One of the Demonstrating Booths.
prepare one for the spacious esplanade, and the
three great central fountains with their attendant
pools, the wide gardens of flowers and avenues of
palms, all making a fitting approach to the palace.
Once inside, coming from any direction, the in-
terior is dominated at first sight by the impressive
dome of the Victor Temple, surmounted by the
trade-mark, slowly revolving, as if keeping watch
and presiding over the entire environment.
The Temple is of classic, Roman Doric design,
and with its pillars, pediment and dome, looks as
if it might have been plucked bodily out of som-
chairs and settles, ori-
ental rugs) are carried
o u t completely in a
single tone of old^blue
mingled with dull gold.
The Auditorium seats
comfortably 125 and is
even made to hold 175
Interior of Temple of Music as Seen from the Doorways.
at one time by enthusi-
astic visitors coming and going, insisting upon
subjects. Opening from this to the ladies' dress-
standing in groups to hear the concerts. Three
ing room, furnished complete with couch, dressing
thousand people were entertained on the opening
table and chairs of old ivory. Even the lighting

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