Music Trade Review

Issue: 1916 Vol. 62 N. 26

wm
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
VOL. LXII. No. 26 Published Every Saturday by the Estate of Edward Lyman Bill at 373 4th Ave., New York, June 24, 1916 SIn ff 0Oc< Si!f
l°!? nU
Prosperity After
E
VERYBODY is interested, and rightly so, in trying to calculate the future. The United States to-day
enjoys a measure of prosperity highly agreeable, one which we are all hoping will continue. But
suppose the European war stopped to-morrow! - Should we have a panic, a sudden depression, a
gentle decline; or should we continue to be prosperous?
Some argue that with the stoppage of war the Central Powers will flood the world with cheap goods at any
price, so as to regain lost business markets, and gain a fresh start. This would mean the economic and
industrial invasion of the United States.
Others maintain that the great need of Europe for a generation will be to repair, to rebuild, to set up
what has been thrown down; and that the energies of the European nations will be devoted mainly to these ends.
Either guess may be plausibly supported. So also the argument that there will be a flood of immigration
into this country can be countered by the equally effective retort that all the surviving European males—and
females too—will be needed to rebuild the ruins of war.
Yet all these arguments seem singularly empty. All omit the one most important item;* namely, that the
war is not an ordinary war, but a conflict between nations in arms, a conflict now in process of producing
political changes as profound as the economic revolutions it has alreadyvproduced, a war which is remaking
the old world and can only have an immense influence upon the new.
When the war is over, the first need of the nations will be to rebuild, whether they contemplate enduring
peace or only a temporary lull in preparation for another outburst. The industrial revolution which has
converted the European factories into munition and war-material plants, will not at once lose its influence.
Time will be required to readjust the balance of industrial arrangements.
Again, the millions of soldiers released from military service will by no means all return to industry.
The enormous wastage in agriculture will have to be repaired, and it is safe to say that to put each nation back
into agricultural efficiency will be a task of immediate concern and one which will prevent the re-entry into
industry of enormous numbers of men.
The world's greatest manufactory is the United States. Railroad supplies, steel trackage, locomotives,
agricultural implements, gas engines, and a thousand other articles of similar sort, which can be turned out
in this country better and more economically than anywhere else, will be needed literally by the million. Where
should the European nations look for these needed supplies if not to the United States?
No one need worry about the stocks of cheap goods being stored up to flood the world's markets. The
warring nations have enough to do to manufacture what they need for their armies.
The United States can be naught else than prosperous after the war if the most elementary common
sense is used by American industrial leaders. But this statement means that any attempt to "get rich quick"
at the expense of the European nations will meet with failure.
The financial situation in Europe will be such that American Business must adapt itself to that situation,
accept its conditions, and co-operate to bring back a normal state of affairs.
Short-sighted selfishness will recoil on our own heads, and turn what should be a decade of uninterrupted
prosperity into one of depression, if not panic.
It is up to our industrial leaders now to prepare the nation for the part it must play during the next ten
years. World conditions must be studied, world finance accepted and adapted to the needs of the moment
for ourselves, world needs must be filled, not according to our sweet wills but to the nature of those needs.
We shall have to do business with Europe in the way Europe demands and will accept. Eor Europe will have
to do business in a way quite different from that which it pursued up till 1914.
Let us be willing to think these things out and ready to work together for their due execution when the
time comes. Then unbounded prosperity will be ours.
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
4
THE MUSIC TRADE
REVIEW
PUBLISHED BY THE ESTATE OF EDWARD LYMAN BILL
(C. L. BILL, Executrix.)
J. B. SPILLANE, Editor
J. RAYMOND BILL, Associate Editor
AUGUST J. TIMPE
Business Manager
Executive and Reportorial Staff:
B. BSITTAIN WILSON
UKLETON CHACE,
L. M. ROBINSON,
A. J. NICKLIN, W M . 1!. WHITE. WILSON D. BUSH, 1.. K. BOWERS,
BOSTON
OFFICE i
JOHN H. WILSON, 324 Washington St.
Telephone, Main 6950.
GLAD HENDERSON,
V. D. WALSH.
CHICAGO OFFICE t
E. P. VAN HARLINGEN, Consumers' Building.
220 So. State Street. Telephone, Wabash 5774.
HENRY S. KINGWILL, Associate.
LONDON, ENGIiAND: 1 Gresham Buildings, Basinghall St., E. C.
NEWS SERVICE IS SUPPLIED W E E K L Y BY OUR CORRESPONDENTS
LOCATED IN THE LEADING CITIES THROUGHOUT AMERICA.
Published Every Saturday at 373 Fourth Avenue, New York
'
REVIEW
trade abroad than today, and those who are giving serious atten-
tion to this matter cannot fail to profit not only for the present,
but for the future, if the goods are furnished along the lines
requested.
The foreign trade of the United States at the present time is
assuming immense proportions. Exports from the port of New
York are establishing new high records. The total value of
exports for the week ending June 10, was approximately
$92,000,000 as compared with $25,000,000 in the same week during
1915, and $15,000,000 for the corresponding period of the preced-
ing year.
Exports to South America for the week just mentioned were
two-and-one-half times as large as for the corresponding week in
1915, and fifty per cent in excess of those of the same week of
1914. These figures tell their own tale of growing business with
foreign countries.
connection with the conventions which closed this week it
I of N must
be admitted that the arrangement committee in charge
association activities established a high water mark in the
carrying" out of a program which must have left a pleasant mem-
ory in the minds of all those participating. The visiting con-
ventionists sampled New York's best brand of hospitality, and it
SUBSCRIPTION (including postage), United States and Mexico, $2.00 per year;
Canada, $3.50; all otlier countries, $5.00.
will be admitted that at no convention was the entertainment
ADVERTISEMENTS, $3.50 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising pages, $uo.
program carried out so successfully—in fact it established a
REMITTANCES, in other than currency forms, should be made payable to the Estate of
record which will be found difficult to surpass at any future
Edward Lyman Bill.
gathering.
Departments conducted by an expert wherein all ques-
Plovoi*
Piann
anil
I lajcl -TldllU dHU
tions of a technical nature relating to the tuning, regu-
lating and repairing of pianos and player-pianos are
The gentlemen who have had the convention arrangements
p
d e a l t w i t h j w i u b e found in another section of this
actively in charge are entitled to a hearty vote of thanks for their
paper. We also publish a number of reliable technical works, information concerning
which will be cheerfully given upon request.
untiring labors, for in the hurly-burly of business affairs one
Exposition Honors Won by The Review
hardly stops to realize what time and application it takes to
Grand Prix
Paris Exposition, 1900
Silver Medal.. .Charleston Exposition, 1902
plan and execute the various entertaining and business features
Diploma. . . .Pan-American Exposition, 1901 Gold Medal
St. Louis Exposition, 1904
Gold Medal. .Lewis-Clark Exposition, 1905.
in connection with the convention which for more than a week
IMONQ DISTANCE TELEPHONES—NUMBERS
5982—5983 MADISON SQ.
has
brought so many members of the trade to this city.
1
Connecting all DepartmentB
Cable address: "Elbill, New York."
Those who have visited New York in connection with the
convention
cannot fail to have been benefited, for a gathering
NEW Y O R K , J U N E 2 4 , 1 9 1 6 .
such as we have just enjoyed was in the truest sense educational,
and without doubt everyone participating goes home with a
higher regard for the business in which he is engaged, and with
EDITORIAL
a desire to conduct his enterprises along lines which shall con-
form more closely to the accepted standards in our modern busi-
F all the various committee reports submitted at the Annual
ness life.
Convention of the National Association of Piano Merchants
The social festivities lent charm and flavor as well as variety
this week, one of the most significant was that of the Legislative
to the business discussions, and as a whole, it must be conceded
Committee, of which E. H. Droop is chairman, and which goes that the convention gatherings tended distinctly toward trade
far to remove any impression that the present officials of the uplift, and their effect most material in aiding trade advance.
Association are visionary and inactive. The report goes into
Business organizations these days are broadening their
detail in telling of how the Association has adopted ways and
sphere of influence, and they are becoming quite a power in
means for combating misleading- advertising and unfair compe-
national affairs. A decided stimulus along these lines has been
tition. The most significant work of the committee has been
the good work accomplished by the United States Chamber of
to bring- certain flagrant cases of alleged unfair business tactics
Commerce, which is keeping in close touch with the leading
to the attention of the Federal Trade Commission to such good
organizations in every industry, and in this way business men
effect that that body has taken an active interest in seeing what
and business questions are assuming a more prominent position
it may do officially in regulating the matter. Whatever may be in national affairs than ever before.
the result of the Association's activities in this direction, the
This is as it should be. Unfortunately in the past business
action taken indicates that it is alive to its functions as a trade
men have been content to allow national questions, even those
organization. It is further proof of the old axiom that actions
bearing upon their own interests, to be handled by the politicians,
speak louder than words.
many of whom have no sympathy whatsoever with business
affairs, with the result that the business men have suffered
material loss. Nowadays, however, business organizations and
ROM the summary of exports and imports of the commerce
business men see the necessity for a larger vision in national
of the United States for March, the latest period compiled by
affairs, and industrial questions are now getting more serious
the Government, and recently published in The Review, it is
quite evident that the music trade industry is commencing to get consideration than ever before.
A national gathering like that of the music trade industry
a small share of the immense trade which we are now doing with
in New York this week has a tremendous influence in many
foreign countries.
directions. It emphasizes the importance of our industry in its
The exports of musical instruments for March amounted to
varied aspects, and thus good work is accomplished for everyone
$326,616 as compared with $164,340, the same month of the prev-
ious year. The figures showing our increased exports are re- in the industry.
Convention visitors this week expressed themselves as de-
flected, however, to a more impressive degree in the nine months'
lighted with the unstinted hospitality of New York, and with
total which shows that musical instruments valued at $2,522,723
the manner in which the plans were carried out for their enter-
were shipped abroad as against $1,373,389 exported for the same
tainment during their tarry within our gates. Review readers
period of 1915. This shows the substantial increase for that
will find in the present issue an interesting report of the conven-
period of $1,149,334. It appears, moreover, that the exports of
tion proceedings. It is a volume which will be a convenient
musical instruments for April and May have been still larger
reference for those who attended, and of enlightenment and in-
and the figures bearing upon these exports will appear later.
At no time in our commercial history have the manufac- terest to those who were unable to be numbered among the
association guests this week.
turers of musical instruments had a greater chance of developing
Entered at the New York Post Office as Second Class Matter.
O
F

Download Page 3: PDF File | Image

Download Page 4 PDF File | Image

Future scanning projects are planned by the International Arcade Museum Library (IAML).

Pro Tip: You can flip pages on the issue easily by using the left and right arrow keys on your keyboard.