Music Trade Review

Issue: 1918 Vol. 66 N. 9

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
REVIEW
MARCH 2, 1918
from Washington during the time of the war. All that remains
now is to see that the privileges thus obtained are not abused.
ROM every section, and particularly those parts of the
F
country where war work is being carried on very actively,
there come reports of general prosperity and of the unheard-of
wages that skilled workers, and even laborers, are earning. On
top of these reports come the advice of some bankers and other
well-meaning citizens that those earning large wages should
PUBLISHED BY EDWARD LYMAN BILL, Inc.
President, C. L. Bill, 373 Fourth Ave., New York; Vice-President, J. B. Spillane,
hoard
their money and forego the purchase of everything but the
373 Fourth Ave., New York- Second Vice-President, J. Raymond Bill, 373 Fourth Ave.,
New York; Secretory and Treasurer, August J. Timpe, 373 Fourth Ave., New York.
absolute needs of life, in order to lend their money to the Gov-
ernment, or deposit it in banks. One banker has even gone so
J. B. SPILLANE, Editor
J. RAYMOND BILL, Associate Editor
far as to urge that no new clothes be purchased except when
AUGUST J. TIMPE
Business Manager
present garments are so tattered as to be unwearable.
Executive and Reportorlal Stall:
Perhaps the best answer to this cry that labor hoard its
B. BXITTAIN WILSON, CARLKTON CRACK, L. M. ROIINSON, WILSON D. BUSH, V. D. WALSH,
Wu. B»AID WHITK (Techpical Editor), E. B. MUNCH, A. J. NICKLIN, L. E. BOWBKS
money, or, after purchasing the absolute necessities of life, turn
BOSTON OFFICE:
CHICAGO O F F I C E :
the balance over to the Government, is found in a booklet written
JOHN H. WILSON, 324 Washington St. E. P. VAN HARLINGKN, Republic Building.
Telephone, Main 6950.
209 So. State St. Telephone, Wabash S774.
by Charles C. Parlin, manager of the Curtis Bureau of Commer-
LONDON, ENGLAND: 1 Gresham Buildings, Basinghall St., D. C.
cial Research, conducted by the Curtis Publishing Co. In dis-
NEWS SERVICE IS SUPPLIED WEEKLY BY OUR CORRESPONDENTS
LOCATED IN T H E LEADING CITIES THROUGHOUT AMERICA.
cussing the labor problem of 1918 Mr. Parlin says:
"Labor must be encouraged to earn more money. For labor
Published Every Saturday at 373 Fourth Avenue, New York
to
devote
all its surplus earnings to Government needs would
Entered at the New York Post Office as Second Class Matter.
be
ideally
patriotic, but lacks the stimulation to further effort
SUBSCRIPTION (including postage), United States and Mexico, $2.00 per year;
Canada., $3.SO; all other countries, $5.00.
that
comes
from anticipated pleasure of possession of coveted
ADVERTISEMENTS, $4.50 per inch, single column, per insertion. On quarterly or
yearly contracts a special discount is allowed. Advertising pages, $130.
merchandise.
REMITTANCES, in other than currency forms, should be made payable to Edward
Lyroan Bill, Inc.
"For labor to spend on itself all the surplus of its efforts-
* Plann and
Departments conducted by an expert wherein all ques
might
indirectly help through stimulating industrial profits, but
"IlallU alltl
tions of a technical nature relating to the tuning.
regulating and repairing of pianos and player-pianos
would
fail to make that direct contribution which patriotism
p
. a r e d e a i t with, w Tll be found in another section of
this paper. We also publish a number of reliable technical works, information concern
impels.
ing which will be cheerfully given upon request.
"The practical solution seems to be somewhere between the
Exposition Honors Won by The Review
purely ideal and the selfish appeal.
Grand Prix
Paris Exposition, 1900 Silver Medal. .Charleston Exposition, 1902
Diploma.. .Pan-American Exposition, 1901 Gold Medal
St. Louis Exposition, 1904
"Let labor be encouraged to earn more money, as much more
Gold Medal. .Lewis-Clark Exposition, 1905
as possible—to devote the major portion of its surplus earning:-
LONG DISTANCE TELEPHONES—NUMBERS 5982—6983 MADISON 8Q.
to Government investments and war charities, and to apply the
Connecting all Departments
Cable address: "Elblll, New York."
rest to whatever merchandise has long been desired."
Members of the music trade should study these arguments
NEW YORK, MARCH 2 , 1918
and apply them where possible. The industry has responded
wholeheartedly to the Government's campaigns to raise money
for the war. Its members have bought Liberty Bonds in sub-
EDITORIAL
stantial amounts. They have formed special committees to
encourage the sale of bonds; they have entered into the spirit
HE recent letter sent by George W. Pound, counsel and gen- of the War Saving Stamp Campaign ; they have contributed to
and sought contributions for the Red Cross and other funds,
eral manager of the Music Industries Chamber of Commerce,
and
cannot, therefore, be deemed unpatriotic if they endeavor
to J. II. Shale, chairman of the Legislative Committee of the
to
encourage
the purchase of musical instruments and thereby
National Piano Manufacturers' Association, which was repro-
protect
their
means
of livelihood.
duced in The Review last week, helps to bring before the trade
In
selling
pianos,
player-pianos and talking machines they
at large some idea of what has been accomplished by its repre-
are
in
a
measure
doing
really good .work in keeping labor con-
sentative in Washington, in the matter of obtaining protection
tented.
If
the
worker
can,
by means of his increased earning
and consideration for the industry from Government officials.
capacity,
realize
his
ambition
to place in his home a piano, player
Members of various trade bodies have been privileged to
or
talking
machine
formerly
considered
beyond his means, then
hear Mr. Pound tell personally of many of the things set forth
he
has
some
motive
for
increased
effort
beyond
that of the dollar,
in the letter, but those who have not been so favored should read
and
if
properly
directed
can
still
find
a
good
proportion of his
the documentary evidence with full appreciation.
income
available
for
loaning
to
the
Government.
At the present time it must be said that the music industry
The dollar in itself is valueless, and its worth lies only in
is in no sense through with the problems and difficulties arising
what it can buy. An accumulation of dollars means, except to
from the conduct of the war, but we have the satisfaction of
the miser, something inert and without direct interest so far as
knowing that while the music industry may be called upon to
the comforts and pleasures of life go. If a part of the collection,
bear unusual burdens, the other industries of the country will be
however, goes for the purchase of some long-desired article, then
placed under the same burden. In brief, there is no discrimina-
tion. If one industry must suffer, all must suffer, and it is a the value of the hoard has been immeasurably increased. It has
offered the means of gratifying a wish and serves to encourage
situation upon which the trade feels free to congratulate itself,
to further efforts along the same line.
especially in view of conditions that existed some few months
ago.
Mr. Pound's statement regarding the reception of his brief
ESPITE a short cold spell and a snowstorm the past week,
at Washington likewise goes to prove that simply protesting
business in the music trade industry continues to show a
against orders and regulations, or contradicting the assertions of
better trend. Dealers are developing their business plans for the
those in official or semi-official positions, as for example Banker
year and, judging from the orders manufacturers ai e receiving,
Vanderlip, is simply wasted effort, for those in power at Wash-
are working along optimistic lines. This is a wise step, for the
ington are ready and willing to listen only to legitimate, business-
merchant who places his orders now will have no complaint
like arguments—arguments that can rest upon their logic.
to make later in the year when deliveries of pianos may not be
In the 1 serious coal and transportation problems it was found
so easily assured as they can be this spring. Commenting upon
the condition of trade and the business of the banks in a broad
that the officials were willing to listen to reason and to lend
way, Dun's Review says this week:
assistance in the proper manner. By having one qualified repre-
sentative w r ho can speak for the entire industry, the trade seems
"A return to more normal conditions in business lias resulted
to have found the right way for getting proper consideration
from the recent tempering of the rigor of winter weather, al-
T
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
MARCH 2, 1918
THE MUSIC TRADE
REVIEW
KEEPING CLOSER WATCH ON CREDITS
(Continued from page 3)
appeal to the local banker will depend for its strength upon the manner in which his business methods will stand
up under scrutiny.
It is not to be assumed that accounts must be ioo% perfect, for in every business there must be bad
accounts, but care in granting credits to retail purchasers, and extreme care afterward to see that the credit
privilege is not abused, will go far to reduce the percentage of loss to a minimum. Instalment accounts are not
to be estimated at their face value on the books, but rather on the basis of what they will represent in actual
cash when the time comes for them to be met.
The house that watches its credits and its collections is not going to experience any unusual difficulties, in
securing credit when it is required, and this is a good point to remember when credit conditions are as they exist
today. Sell pianos, yes, but see that they are sold well and that they are paid for promptly!
though the recurrence of a cold wave in some sections has tended
to hinder the process of recovery. With the continued absence
of further general and severe storms, however, the derangement
of production and distribution is steadily lessened, and appre-
ciably larger shipments of raw materials and merchandise reflect
the breaking of the transportation deadlock. Efforts to augment
outputs of urgently needed supplies are more successful as the
percentage of idle machinery diminishes through the freer move-
ment of fuel, and the adjustment of some labor controversies has
improved the industrial outlook and made possible the resump-
tion of full operations on certain important Government work.
"Payments through the banks at the principal cities in the
United States, as reflected in clearing house transactions, again
display moderate improvement, total clearings this week amount-
ing to $4,297,162,243, an increase of 8.1 per cent., as compared
with the same week last year."
OHN N. WILLYS, president of Willys-Overland, Inc., the
great automobile manufacturers, is a great believer in main-
taining the highest degree of industrial activity where it doesn't
interfere with the production of the necessary essentials to keep
our men at the front supplied with every requisite, for Govern-
ment necessities in connection with the war must receive first
consideration. In discussing this subject he said the other day:
"The war has given opportunity for a great deal of platform
oratory and, as always happens under similar circumstances, a
variety of theories are advanced, some of which are highly prac-
tical and some of which need only a moment's consideration to
convince one that the orator has not given the subject any real
thought and consideration.
"We have on our hands to-day the most important job that
any nation ever had and it is essential that we analyze carefully
J
the various theories which have been advanced and as a result
follow only the course which will be of benefit to this Nation
in this war with Germany, instead of, through ignorance and
lack of consideration, finding ourselves working for the Kaiser.
"While the manufacturers of this country have practically
unanimously notified the Government that they are anxious to
help in the production of materials for war, there is, however,
no way of determining as yet to what degree war essentials will
absorb the entire productivity of the country.
"Any attempt to direct public purchases beyond this limit
of war essentials might easily work a hardship on many indus-
tries. If thousands of people were thrown out of employment a
depression would be created which might be reflected immediately
in the public attitude toward the war. We cannot fight the
Kaiser and hard times at the same time. We require prosperity
in this country with which to win this war, if that prosperity
does not interfere with the building of munitions. Is it not
therefore wisest for us to follow the policy of filling the Govern-
ments contracts with the utmost speed and keep the rest of our
productivity going in accord with public demand, so that the
vast army of the American people at home are in a position to
support the Government with a spirit of optimism and also with
enough money to help market the bond issues which are coming
up from time to time?
"It is important now to keep money circulating. The price
a man pays for any manufactured product represents in a very
large measure wages paid out to the workingman and money paid
for materials. It goes to the baker, butcher, etc. It maintains a
circulation of money which we all recognize as an essential factor
in prosperity. We are going to win this war. We are going to
win through prosperity here. And I urge that form of optimism
from every man who lifts his voice."
GETTING DOWN TO PLAIN PLAYER FACTS
The education of the public along player lines is a* necessity for the expansion of the player business.
There is no doubt of that; and education of the piano merchants and salesmen is also a vital necessity,
because through them will come a powerful force in the education of the public; and right here we wish to
remark that we have produced a line of books upon the player-piano which comprehensively covers the
entire player situation.
In this respect this trade newspaper stands alone, for it has been the principal source from which player
information has been available for piano merchants and salesmen for a period of years. Our latest book,
"The Player-Piano Up to Date"
is the best of the series. It contains upwards of 220 pages of matter bearing directly upon the player.
Every piano merchant and piano salesman should have a copy of this book within easy reach. It
gives to readers a fund of information not obtainable elsew 7 here.
It contains a series of original drawings and a vast amount of instructive and educational matter, as
well as a detailed description of some of the principal player mechanisms.
It costs $1.50 to have this book delivered to any address in the United States, and your money will be
refunded if you are not satisfied with the book after examination. No one yet has availed himself of this
opportunity. Foreign countries, 15c. to cover extra postage, should be added.
Estate of EDWARD LYMAN BILL, Publisher
373 Fourth Ave., New York

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