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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
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H. BKITTAIN WILSON, CARLETON CHACE, L. M. ROBINSON, WILSON D. BUSH, V. D. WALSH,
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L. E. BOWER-.
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Departments conducted by an expert wherein all ques-
anil
t ; O p S o f a technical nature relating to the tuning, regu-
T
artmonfc
lating and repairing of pianos and player-pianos are
ieUIUlC41 UeydrilUeilte. d e a l t with) will b ? f o u n d i n another section of this
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which will be cheerfully given upon request.
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NEW YORK, OCTOBER 14, 1916
EDITORIAL
occasions in the past there have been sugges-
O N tions numerous
to the effect that the retail piano houses of New York
izes in classified advertising of that sort, has endeavored with
some success to list the majority of the advertisements under
the head of "dealers."
Beyond the purely business side of the question, there is the
social argument for a local retailers' association. The retail piano
men are, for the most part, a friendly sort. In the course of
their competition they have become fairly well acquainted one
with the other and that acquaintanceship has had the effect of
keeping the competition clean.
There is room for a retail piano association in New York.
Managers of standing strongly endorse the idea and it only
needs concerted effort to bring such an organization-into actual
being. The piano men may not agree on all questions, it is not
expected that they will, but through co-operation they can elimi-
nate some of the troubles that now beset them simply because
the proper sort of information is not exchanged. If smaller cities,
such as Cleveland, for instance, can have such an association,
what's the matter with New York?
T
HE trade received with actual astonishment, several years
ago, the announcement that the business of the Clough &
Warren Piano Co. had been cleared up by the Detroit Trust Co.,
as receiver, the creditors paid in full, and the property turned
back to the original owners. The great surprise was that the
receiver had apparently broken many precedents by conducting
the business on an efficient basis and at a minimum expense.
From the experience that piano men, as well as men in other
lines of business, have had with the average run of receivers,
the operating figures offered by the Detroit Trust Co. seemed
almost beyond relief. The company had handled the affairs of
the bankrupt as carefully as they handled their own banking
business. They had gone into the proposition on a businesslike
basis, and not with the idea of grabbing all they could while
the grabbing was good. The report of the Clough & Warren Co.
was a bright spot in the financial story of the trade at large.
Now the Detroit Trust Co., as a receiver for the Farrand
Co., comes to the front with a payment of a seventh dividend of
ten per cent, and announces that $611,229 has already been paid
to the creditors, on total claims of $668,507, although the affairs
of the Farrand Co. at the time of its bankruptcy were more in-
volved than those of the old Clough & Warren Co.
The Detroit Trust Co. has in the first place proven that
ruinous compromises are not necessary in bankruptcy cases.
They have gone after the debtors of the bankrupt with a strong
hand. There has been no dodging. Where payments could not
be made at once a satisfactory security was demanded, and the
affair was conducted altogether in a way that commanded re-
spect, and the accounts of the company believed Ion;* dead were
speedily brought to life with a shock when the receiver got after
them.
If the proper energy can collect, money for a defunct con-
cern, why should not the same energy have similar results for
a live business?
Meanwhile, don't forget that the Detroit Trust Co. has
proven that efficiency is possible in the piano business on two
notable occasions.
should join together in an association for the discussion and
protection of their mutual interests—that they need an organiza-
tion just as much, if not more, than the manufacturers. The
suggestions thus far offered have materialized into nothing tang-
ible, however, probably through the lack of some one man or
group of men willing to go about the work of forming such an
association.
Among the managers of the midtown warerooms there is a
general feeling that the time is ripe for the organization of a
retail association; that the present trade situation makes such a
body desirable in forestalling the activities of the many people
who may be classed as "dead beats" and the growing number
who have entered the field as "gyp" dealers and to reach some-
thing of a definite understanding regarding the subject of com-
missions and those to whom they should be paid.
HERE is a mine of wisdom in the illuminating remarks
There is no question but that local piano houses lose consid-
made by Eldridge R. Johnson, president of The Victor
erably through lack of some means for exchanging information
Talking Machine Co., in the article on the standardization of
regarding those who purchase pianos or player-pianos, default
prices, which appeared in full in The Review recently. We re-
on payments and cause other trouble resulting in repossessions,
ferred to the subject editorially before, but of especial perti-
only to repeat the same tactics with some other concern. With
nence just now is his analysis of the problem of trade regulation,
such people properly listed and their names on record in every
for as he points out, in its present form, this subject is new in
piano wareroom, the work of the retail credit man would be some particulars, and a satisfactory solution is of much more
simplified and there would be a real saving in time and cash.
urgent necessity than ever before.
Then, too, there is the class known as "commission fiends,"
"It would seem that we now have sufficient experience to
composed of those who, with or without legitimate reason, de-
enable us to devise an entirely new set of laws that would take
mand commissions on the sales they claim to influence. This class the place of the more than 50,000 Federal and State Laws which
gets to the piano houses by playing one concern against the
are causing so much confusion to the business world by their
other, a practice that would soon be discouraged if there was a use as a basis for intolerable persecution," said Mr. Johnson.
definite agreement or understanding on commissions.
"Certainly such an undertaking is worthy of a special commis-
The "gyp" dealer is still abroad in the metropolis although
sion composed of the greatest thinkers and practical business
minds of the world.
his number is not large. This class is still doing enough busi-
ness to have the competition felt despite the fact that several
"It is doubtful, however, if even such an organization could
of the daily papers, particularly an afternoon paper that special-
compile a perfectly practical code of laws, Absolute satisfao
T