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THE MUSIC TRADE REVIEW
REVIEW
PUBLISHED BY EDWARD LYMAN BILL, Inc.
President, C. L. Bill, 373 Fourth Ave., New York; Vice-President, J. B. Spillane,
373 Fourth Ave., New York: Second Vice-President, J. Raymond Bill, 373 Fourth Ave.,
New York; Secretary and Treasurer, August J. Timpe, 373 Fourth Ave., New York.
J. B. SPILLANE, Editor
J. RAYMOND BILL, Associate Editor
AUGUST J. TIMPE
Business Manager
Executive and Reportorlal Staif:
B. BRITTAIN WILSON, CARLETON CHACE, L. M. ROBINSON, WILSON D. BUSH, V. D. WALSH,
WM. BRAID WHITE (Technical Editor), E. B. MUNCH, A. J. NICKLIN, L. E. BOWERS
BOSTON OFFICE J ,
CHICAGO OFFICE:
IOHN H. WILSOM, 324 Washington St. E. P. VAN HARLINGEN, Republic Building,
Telephone, Main 6950.
209 So. State St. Telephone, Wabash 5774.
LONDON, ENGLAND: 1 Gresham Buildings, Basinghall St., D. C.
NEWS SERVICE IS SUPPLIED WEEKLY BY OUR CORRESPONDENTS
LOCATED IN T H E LEADING CITIES THROUGHOUT AMERICA.
Published Every Saturday at 373 Fourth Avenue, New York
MAY 11, 1918
fault in his payments, after paying twelve instalments, and the
piano is repossessed in 1919, the dealer must enter one hundred
eighty dollars on his return for 1919, payable in 1920, as a result
of such repossession. This figure represents the entire amount
of money collected on the instrument ($240) less the sixty dollars
entered in the 1918 report, on which the tax will have already
been paid.
Piano dealers should bear in mind that the percentage of
profit for the tax returns should be figured on the gross selling
price, instead of on the cost. In the example quoted above the
piano dealer really makes a gross profit of 33 1/3 per cent. ($100
profit on $300 cost), but the percentage to be returned on the
income tax blank is only 25 per cent. ($100 on $400 selling price).
The ruling is in no sense complex, but piano dealers should keep
a careful account of all their instalment collections during the
year, so that they will have accurate figures on which to base
their returns in 1919.
HE union of music and patriotism and its power in moving
T
men and nations to great accomplishments was emphasized
very eloquently by James M. Beck, the distinguished publicist,
at the great Liberty Loan Rally of the Allied Music Trades in
New York on Tuesday of last week. It was a tribute well de-
SUBSCRIPTION (including postage), United States and Mexico, $2.00 per year;
Canada, $3.50; all other countries, $5.00.
served,
for the important part that music has played in human
ADVERTISEMENTS, $4.50 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising pages, $130.
evolution
and progress is such that there is ample truth in the
REMITTANCES, in other than currency forms, should be made payable to Edward
Lyman Bill, Inc.
statement oft expressed in these columns, that music is not a
. n J
Departments conducted by an expert wherein all ques-
luxury, but a necessity.
alia
of a technical nature relating g to the tuning,
t j ons
li
d repairing
ii
i
d player-pianos
l
i g,
r i a n a r t n i a n t e regulating
and
of f pianos
and
When a member of the music trade makes a statement like
U e p a r t m e i l t S a r e dealt with, will be found in another section of
this paper. We also publish a number of reliable technical works, information concern-
the
foregoing
it is viewed from a purely selfish standpoint, hence
ing which will be cheerfully given upon request.
the value of the utterances of great men of the nation, who are
Exposition Honors Won by The Review
nowadays recognizing, as never before, that in times of stress
Grand Prix
Paris Exposition, 1900 Silver Medal. .Charleston Exposition, 1902
Diploma.. .Pan-American Exposition, 1901 Gold Medal.... S t Louis Exposition, 1904
and of great crises music is the great stimulator and controller
Gold Medal..Lewis-Clark Exposition, 1905
of emotions. It opens up the great spiritual side of mankind,
LONG DISTANCE TELEPHONES—NUMBERS 6982—6983 MADISON 8Q.
and helps to eradicate the purely selfish conception of one's duty
Connecting- all Departments
Cable address: "Elblll, New York."
to his fellow-man and to the nation.
The other day the New York Sun had a short editorial which
NEW YORK, MAY 11, 1918
emphasized most forcibly the power of an ordinary brass band
in getting people together, stimulating them with military ardor
and filling them with an idea of the needs of the hour, of doing
EDITORIAL^
their duty for the country, whether it be in buying Liberty
Bonds or getting recruits. It is a little classic in its way, and
it
is worth reproducing:
HE Allied Music Trades did themselves proud in subscrib-
"It was just before noon when the band struck up on Broad-
ing to, and securing subscriptions for, the Third Liberty
way,
near the Post Office. The sidewalks were well filled with
Loan during the drive which ended last Saturday night. Despite
the
usual
jostling, hurrying, double streams of human traffic,
the uncertain conditions existing regarding the immediate future
each
atom
intent on his personal affairs. The band was just a
of the industry, and the unusual burdens placed on all business
band
;
no
flags,
no companies of uniformed men following it, no
by the war, the Allied Music Trades went "over the top" with
brilliant
uniforms
or dancing horses. It was on its way to do
subscriptions totaling $3,017,200, or 276 per cent, over the sub-
its
noon
time
duty
on the Sub-Treasury steps, but it was not
scriptions of the music industry to the Second Liberty Loan, a
showing
off.
Even
the drum major was as unobtrusive as a
record that does honor to everyone connected with the campaign.
drum
major
can
be.
But it was a very good band.
Special credit is due to those who engineered and participated
"At the first roll of the drums the human traffic thrilled in
in the tremendous rally held at Carnegie Hall last week, when
response. Nobody stopped to watch. The curb remained clear;
subscriptions of over $2,200,000 were recorded. The work of
it was not a parade—nothing much to see. But in a few seconds
the trade in the Liberty Loan campaign furnishes convincing
everybody was marching. Shoulders were straightened, heads
proof of the patriotism of its members and their eagerness to
came up, and what had been a tangled mass subconsciously be-
back up the Government in its time of need
came a marching army; inchoate, ragged in action, but still
marching, everyone, from the stenographer in search of her early
IANO dealers doing an instalment business should familiarize
lunch, the stray imp of an office boy, the hurrying clerk, and
themselves with the ruling handed down last week by Internal
the 'traveling man' from Dayton, O., up to the elderly magnale
Revenue Commissioner Roper regarding the manner in which
in
an anachronistic silk hat and white whiskers, marching, yield-
returns must be made on instalment transactions during this year,
ing
to the spell of the rhythm of other marching feet and the call
on which an income tax will lie due in 1919. The Commissioner
of
martial
music. Perhaps there is an auspicious omen in t-i<-
has ruled that a percentage of each instalment collection, equiva-
incident."
lent to the percentage which the gross profit bears to the gross
contract price, must be entered upon the piano dealer's return as
S a means of promoting closer commercial relations between
income.
the manufacturers of America and buyers from foreign
To use a purely arbitrary example, the tax will work in this
lands, the New York International Exposition of Science, Arts
fashion: A piano costing three hundred dollars wholesale is sold
and Industries, which will be open in the very handsome exhibi-
on the instalment plan for four hundred dollars, the payments
tion grounds at East 177th street, Bronx River, from May 30
running over a period of twenty months. The gross profit on this
sale is one hundred dollars, which is twenty-five per cent, of the to November 1, should prove of tremendous interest to members
of the music trade and to all industries in this country.
gross selling price of four hundred dollars. Tf the piano dealer
collects twelve payments during 1918, of twenty dollars each, he
To-day it is necessary for us to give the closest considera-
must enter twenty-five per cent, of such collections as income on
tion to business after the war, in view of the activity which is
his return, or sixty dollars. Should the customer suddenly de-
now being displayed not only by our allied nations, but by the
Entered at the New York Post Office as Second Class Matter.
T
P
A