Music Trade Review

Issue: 1915 Vol. 61 N. 25

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE
REVIEW
EDWARD LYMAN BILL - Editor and Proprietor
J. B. SPILLANE, Managing Editor
Executive and Reportorial Staff:
B. BBITTAIN WILSON,
A. J. NiCKLiN,
CARLETON CHACE,
AUGUST J. TIMFI,
BOSTON O F F I C E :
JOHH H. WILSON, 324 Washington St.
Telephone, Main 6950
E
-
220
L. M. ROBINSON,
WM. B. WHITE,
GLAD HKNDMSOH,
L. E. BOWEM.
CHICAGO OFFICE*
- VAN HARLINGEN Consumers' Building,
So S t a t e S t r e e t
-
- Telephone, Wabash 5774.
F
HENRY S. KINGWILL, Associate-
LONDON, ENGLAND: l Gresham Buildings, Basinghall St., E. C.
NRWg SERVICE IS SUPPLIED W E E K L Y BY OUR CORRESPONDENTS
LOCATED IN T H E LEADING CITIES THROUGHOUT AMERICA.
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 ye*r:
Canada, $3.50; all other countries, $5.00.
ADVERTISEMENTS, $8.60 per inch, single column, per insertion. On quarterly or
yearly contracts, a special discount is allowed. Advertising pages $110.00.
HKMiri'ANUES, in other than currency forms, should be made payable to Edward
Lyman Bill.
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
IIUU I F C l i a n m e i H S . d e a l t w i t h i w i n b e B f o u n d i n another section o thit
paper. We also publish a number of reliable technical works, information concerning
which will be cheerfully given upon request.
Anil
Exposition Honors Won by The Review
Grand Prix
Paris Exposition, 1900 Silver Medal.. .Charleston Exposition, 1903
Uiploma
Pan-American Exposition, 1901 Gold Medal
St. Louis Exposition, 1904
Gold Medal. .Lewis-Clark Exposition, 1905.
&O2TQ DISTANCE TELEPHONES—NTXMBEBS 5982—5983 MADISON BQT
Connecting- all Departments
Cabl* uddreai: "Elbill, New York."
NEW Y O R K , DECEMBER 18, 1915
EDITORIAL
I
T would be difficult to locate contemplated legislation which has
been the subject of such intense interest in commercial circles as
has the Stevens Bill.
No better illustration could be given of the soundness of this
proposed measure than the simple statement that without modifica-
tion of its original form, without change of syllable, word or letter,
it has steadily attracted support and has now received the formal
endorsement of practically all organized businesses.
Both the National Piano Manufacturers' Association and the
National Piano Travelers' Association have approved this measure,
together with scores of other organizations.
The Stevens Bill is primarily intended to deprive dishonest ad-
vertisers, who do not possess or are not content to rely on their own
good will and reputation, of the power to use standard articles of
established worth and name, which a consumer calls for by name,
as a bait to lure and deceive the public, and to injure and destroy
small competitors.
When the Stevens Bill becomes a law, besides the direct relief
to legitimate business from the inroads of cut-throat competition, it
will deal a very strong blow to two very serious and prevalent evils
in the music trade—that is, dishonest advertising and substitution.
Dishonest advertising will be materially decreased, and the man who
attempts to substitute will find that he is encountering some diffi-
culties.
Some years ago The Music Trade Review in a series of argu-
mentative editorials advanced the theory that retail prices on pianos
should be established by manufacturers. This series of articles
attracted a great deal of attention and drew forth wide-spread com-
ment throughout the nation, and as a result of that discussion, a
great many people believe that piano manufacturers could advance
sound commercial ethics, by announcing the prices at which their
product could be purchased at retail.
While the Stevens Bill would not make such conditions obliga-
tory, it would give the manufacturer the power to maintain standard-
ized prices, if he so desired.
The Stevens Bill will inaugurate a square deal in merchandising
to the mutual benefit of manufacturer, dealer and consumer.
REVIEW
The cause deserves the support of all who believe that the great
national and public interests are best served by excellence and
quality rather than by price inducements.
The quality slogan is the one on which firm business edifices
have been reared, and the price argument is invariably the argument
of the weakling.
The passage of the Stevens Bill is intended to aid all mer-
chandise, and the language of the bill specifically restricts its privi-
leges to trade-marked branded products. Its sole purpose, so plainly
indicated by its language, is to deprive dishonest advertisers who do
not possess, or are not content to rely on their own good will and
reputation from using that which has been created through the
brains and money of others, to lure customers to their store, purely
for baiting purposes.
Hundreds of trade and commercial organizations throughout the
country have favored the passage of this legislation. The National
Association of Manufacturers and Retailers, as well as more than
150 members of the House of Representatives, have favored the
bill, and yet, through indifference or inactivity on the part of those
whose interests are vitally affected, it may fall through.
Piano merchants have interests at stake in the passage of this
measure, and they will do well to get in touch with their Congress-
men and express to them their views concerning the passage of the
Stevens Bill.
F there is a place where tact, talent and ability can be displayed
to advantage it is in the warerooms of a piano store. For this
is a place where politeness, courtesy and intelligent service are
necessary in the highest degree. There are numberless instances
on record where the absence alone of tact and talent have brought
about disastrous results in closing good prospects, and "ability"
without the two concomitants of "tact" and "talent" can hardly
win out in the field of salesmanship. Anyway, it is a subject on
which people may differ, but one tiling is sure, that the salesman
who combines in his equipment, tact, talent and ability, is sure to
be a winner in that fascinating game called success.
I
P
IANO and supply manufacturers alike have manifested consid-
erable interest in the symposium which appeared in last week's
Review, bearing upon the increasing cost of all kinds of supplies that
enter into the manufacture of pianos and player-pianos and the con-
sequent necessity of dealers realizing that manufacturers will be
compelled to charge more for these instruments in view of the rising-
costs in connection with their production. The subject is one that
should be given the most serious consideration by manufacturers and
dealers alike.
.....
OMMENTING on the discovery of a letter dated 1833 m t n e
files of the Patent Office in Washington, a letter in which
the writer resigned his clerkship in that office on the ground that
as everything inventable had been invented the Patent Office would
soon be discontinued, the Scientific American summarizes the most
important inventions that have been made since the date of that
letter and remarks:
"He seems unfortunately deficient in imagination and in opti-
mism, as we read of his letter of resignation in the musty files of
the Patent Office. But let us not take too much unction to our
souls. We are quite as ignorant of what the next eighty years
may bring forth as he was of the future of American inventions.''
C
N old experienced salesman, while in a philosophical mood the
other day, jotted down the following piece of advice for the
benefit of the junior members of the industry engaged in the noble
art of piano and player salesmanship: "Keep your troubles and
your failures to yourself; the world cares nothing for them. Let
your success be known. Twill help to advertise you, for people
worship prosperity. No great prize is won without a severe strug-
gle, no matter how strong appearances may be to the contrary.
With every business 'knock-out' pick yourself up with determination
to have one more 'round.' That's the kind of push that will win
single-handed, or where other qualities are wanting. Do not be
content with that self-satisfied feeling that you are about 'as smart
as they make 'em.' Examine yourself and see if you are really
making as sturdy an effort for business as you ought."
A
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
WHERE THE GETTING IS GOOD.
(Continued from page 3.)
It is surprising how the ever-increasing tide of cost has reached all industries. For some of our
colored paper stock we are paying an advance of two and one-half cents a pound over former con-
tracts; the greatest single advance that I have ever known. Of course a good many are utilizing the
war as a convenient peg on which to hang their arguments for advancing prices, and unquestion-
ably a good many houses in varied lines have marked up prices recently without justification.
Still granting reasonable allowances in individual cases, the fact stares every producing house in
the face that the material markets of the world at the present time are still in a precarious state,
and it is difficult to base with any kind of accuracy just what future costs will be.
In my opinion the piano merchants of the country as a whole must expect to pay more for
pianos during the New Year than they have in the past.
The margin of manufacturing profits has not been large during past years. It has been steadily
reduced by reason of the friction of competition, some of which has not been fair—that is, compe-
tition which does not meet its obligations, and as a result many well-intentioned manufacturers
have gradually been forced down in their wholesale prices by this form of irritating competition.
It is to be hoped that during the New Year we shall see less of this practice, because no man in
any line of business who pays his bills can win against the man who does not, for soon his re-
sources will be exhausted precisely as the man who started in with the deliberate intention to abuse
his credit—only on one hand the man who has something to lose is differently placed than the man
who is making a bluff and has nothing.
Credits certainly should be scanned with exceeding care, for products are going to cost more to
create, and a good stiff* credit backbone to the industry will be the staunchest kind of support
which can be rendered. Better less business and a safer business.
While general conditions point to an increased demand for products
in all lines, there should be a reasonable safeguard adopted by business
men, so that they can make the most of conditions while the getting is
good.
Higher Industrial Efficiency the Chief Aim.
H
I G H E R industrial efficiency is the aim of the Federal State
Commission.
Edward N. Hurley, who is vice-president of the Commission,
delivered an address along these lines at the annual meeting of the
Association of National Advertisers' in this city. In the course of
his remarks, Mr. Hurley said that Government and business should
be mutually helpful. Referring to manufacturing costs, he said :
KI: "Speaking generally, the real constructive help must come from
within. We need to study standard systems of bookkeeping and
cost-accounting. In order to put a selling price on a product a
manufacturer must first know exactly what it costs to manufacture
and sell it.
"A manufacturer who does not know with a close degree of
accuracy what it costs him to produce the different articles he manu-
factures and what it costs him to sell them, is not in a position in-
telligently to meet competition, and invites business disaster.
''Many of the larger manufacturers have thorough cost ac-
counting systems, which they recognize as necessary in order to
give them the information essential to successful management. On
the other hand, the number of smaller manufacturers who have no
adequate cost accounting system and who price their goods arbi-
trarily is amazing. Proper accounting for the smaller manufac-
turer is most essential. Whole industries, in many instances, are
suffering from a general lack of intelligent knowledge of cost.
"How can the Federal Trade Commission help to cure those
conditions?
"The Commission has no power and no desire to use compul-
sory methods. But it does hope to reach the desired end by in-
dorsing standard systems of bookkeeping and cost accounting, and
to assist in devising standard systems. The Commission expects
to have for this work an adequate force of experienced accountants
and cost experts, and the service, in an advisory capacity, of public
accountants of national reputation.
"What may be expected from such activities of the Federal
Trade Commission?
"First, the individual enterprise will be helped. Their prices
will be made on a solid basis of fact.
"Second, the employes of these firms will be benefited. They
will be trained to more thorough and more accurate methods of
work. This improved knowledge will increase their effectiveness,
and their individual value to their employers.
, • ... 7
"Third, the investor will be benefited. He will be able to in-
vest his money with the greater assurance that it will be used in the
most advantageous manner.
"Fourth, the public will benefit: it will not have to pay for in-
efficient methods.
"An up-to-date system of accounting will enable the banker to
extend to the smaller manufacturer the credit to which he is en-
titled, and which he needs in order to expand his business. The
small manufacturer may have just as much brains, ability, knowl-
edge of his wares and of his customers as the large operator; he
may even put out a superior product. But he cannot show the
banker a balance sheet based on proper accounting methods, and
the banker does not feel ready to extend credit without the knowl-
edge that such a balance sheet would supply.
"There should be a greater degree of organization and of
mutual helpfulness in all lines of trade and industry, so that Ameri-
can business may be welded into a commercial and industrial whole;
the part of the Government being to co-operate with business men,
on request, to bring about the results that will benefit business, and
hence promote our national welfare.
"One of the most effective forms of organization is the trade
association. The association has a wide field of useful and proper
activities. Concerns in the same industry may take common action
looking toward improving their processes of manufacture, standard-
izing their product, improving their system of ascertaining costs,
obtaining credit information and encouraging the development of
trade journals. The welfare of employes is one of the important
matters which can be best developed by co-operating in associa-
tions/'

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