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19, 1919
THE
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TRADE
REVIEW
ANNUAL MEETING OF LINDSAY, LTD.
POUND VISITS FORT WORTH TRADE
PROFIT-SHARING PLAN ADOPTED
Prominent Canadian Music House Reports a
Most Prosperous Year of Business—All Di-
rectors and Officers Re-elected
Spends Few Hours in That City, and Meets
Members of Local Music Trade—Is Guest at
Luncheon and Makes Interesting Talk
Melville Clark Piano Co. Helps Employes to
Earn More Money—Workers Divided Into
Three Classes, According to Service
April 12.—The annual meeting
of shareholders of C. W. Lindsay, Ltd., was held
at the head office of the company on April 8,
and was largely attended, with President C. W.
Lindsay in the chair.
The annual statement presented to the meeting
showed that the corporation had experienced the
most prosperous year in its history. In view of
the fine showing the directors voted a 10 per
cent, cash bonus to the staff at all branches pay-
able May 1 next to all employes who have been
in the continuous service of the company since
March 1, 1918, and are still in its employ on May
1, 1919. The usual dividends were declared, viz.:
7 per cent, on the preferred shares and 8 per
cent, on the common shares, and a large amount
carried to reserve account.
The directors of the old board were re-elected,
viz.: C. W. Lindsay, Alfred McDiarmid, A. E.
Brock, J. A. Hebert and E. Hamilton, with C.
W. Lindsay as president and general manager;
B. A. Edward, secretary, and W. A. H. Robin-
son, treasurer.
A dinner was held in the evening at the Wind-
sor Hotel, at which the directors, officers ar^
branch managers were present, and at which the
president again expressed his gratification at
the splendid year's business, and announced that
in the event of next year's profits equaling the
year just past he would support a motion to
pay the staff a 20 per cent, bonus.
FORT WORTH, TEX., April 12.—Although G'eorge
W. Pound, general counsel of the Music indus-
tries Chamber of Commerce, was, owing to the
limitation of his schedule, able to spend only a
few hours in this city on his coast-to-coast
speaking tour in the interests of the advance-
ment of music in this country, the local commit-
tee, of which L. J. Wortham was chairman, man-
aged to bring together over eighty music deal-
ers, their wives and their friends, to hear Mr.
Pound's address.
To give the occasion fitting importance Mr.
Pound was the official guest of the Fort Worth
Lions' Club at its weekly luncheon on Tuesday,
although the great majority of those present
were members of the Fort Worth Music Indus-
tries Association.
Mr. Pound presented facts already familiar to
the local men, to some extent, regarding the
great impetus given to music by the war, the
favorable attitude of the Government officials
toward the music interests, during the times of
great stress and the opportunities now before
America for assuming a supreme position in mat-
ters musical, both professionally and industrially.
lie told of how before the war the United
States had been importing annually from Ger-
many musical instruments to the value of $800,-
000, and from France to the value of $(>00,000,
but that since the beginning of hostilities we
have begun making those instruments here, and
making them better than the imported product.
As a result of Mr. Pound's earnest talk regard-
ing the aims and ambitions of those standing
sponsor for organized trade effort for the spread
of musical interests, a goodly number of applica-
tions were filled out for membership in the Na-
tional Association of Music Merchants.
In addition to the talk by Mr. Pound short
addresses were made by B. Heyer, of Dallas,
president of' the newly-organized Texas Mer-
chants' Music Association, H. D. Gupton, of
Dallas, secretary of that body, and O. A. Field,
of the Field-Lippman Piano Stores, of St. Louis.
DE KALB, III., April 14.—The Melville Clark
Piano Co. has perfected and submitted to its
entire force a new bonus system by which all
employes will profit by faithful service. Em-
ployes are divided into three classes, according
to length of service. All who have been with
the company less than six months are in class
C and will receive a bonus of 5 per cent, on
their regular pay.
Service over six months places an employe in
class B and the bonus is 7 per cent. On Octo-
ber 1 classes B and C will be advanced, becom-
ing A and B, and the bonus becomes 10 and 7
per cent, respectively. The bonus is paid in
the form of a bonus check as an addition to the
regular pay.
The added bonus system is really a form of
profit-sharing and the employes seem to ap-
preciate what the Melville Clark Piano Co. is
doing for its workers.
MONTREAL, CAN.,
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MUSIC
.
GEO. C. WILSON APPOINTED MANAGER
Now Heads the City Piano and Player Sales
Department of the Knight-Campbell Music Co.
DENVER, COLO., April 14.—Geo. C. Wilson has
been appointed manager of the city piano and
player sales department of the Knight-Campbell
Music Co., of this city, succeeding C. E. Wells,
who formerly held that position, and who has re-
cently disposed of his interests in the company
for the purpose of engaging in business for him-
self. Mr. Wilson, whose appointment became
effective on the first of the month, is well
equipped for his new responsibilities, having
been assistant manager of this department for
many years past, and he is assured of the heart-
iest co-operation from his staff in the further-
ance of the policies of this house.
Mr. Wells' leaves the Knight-Campbell Music
Co. with the best of wishes for success in his
new undertaking.
RHINE RIVER NOW OPEN
Shipments From the United States to Switzer-
land May Now Be Made
TO GREET POUND IN PORTLAND
WASHINGTON, D. C, April 14.—The War Trade
Board announce that they have been advised
that, by decision of the military authorities of
the associated governments, the Rhine River
has now been opened for traffic with Switzer-
land, and shipments from the United States may
be forwarded JLO Switzerland via that route.
Local Dealers Preparing to Hold a Great Meet-
ing to Welcome Visitor
AN INDIANA INCORPORATION
April 11.—Letters advising local
dealers of the contemplated visit of George W.
Pound to this city have been sent out and ar-
rangements will be made to have a big repre-
sentative crowd of piano men in attendance at
the meeting which will be held in Portland on
April 24.
Piano dealers in this section are very much in-
terested in the campaign being made by Mr.
Pound on his tour, and what he has said and
done in other cities has been read with much
interest. It is the consensus of opinion that
organized effort is of the greatest importance,
and there is no doubt that Mr. Pound will find
a fertile field for his propaganda on the North-
west Coast.
PORTLAND, ORE.,
The Rowlands Co.,-Fort Wayne, Ind., has been
incorporated to deal in pianos and musical in-
struments with capital stock of $100,000. The
incorporators and board of directors are as fol-
lows: Charles H. Rowlands, Mansfield, O.; A.
D. Rowlands, Columbus, O.; J. P. Colopy, De-
fiance, O.; R. J. Sturtz, Zanesville, O.; Paul A.
Moore, Huntington, Ind.; Mary C. Rowlands,
Columbus, O.; and Estella Rowlands, of Mans-
field.
McCoy's Music House, Inc., Hartford, Conn.,
has been incorporated by Alvia P. McCoy,
Franklin V. McCoy and Charles D. Nye, all of
Waterbury. The capital stock is $100,000 and
the new concern will begin business on $40,000.
LOUISVILLE MERCHANTS AFFECTED
Decreased Revenue Due to Prohibition Makes
Additional Taxes Necessary—The Proposed
Tax on Musical Instruments Not Fair to All
Branches of Industry, Say Local Dealers
LOUISVILLE, KY., April 14.—One of the many
problems brought about by the sudden descent
of prohibition is the question of how the deficit
which will be caused by the loss of revenue is
to be met. In this city there will be an annual
loss of more than $600,000, and it is proposed
to make up part of this by an additional tax on
the musical intrument trade.
At the present time there is before the city
council an ordinance regarding a licensing sys-
tem which will be a burden to dealers and sales-
men. If the proposed ordinance is adopted it
will be necessary for all factories, professional
men and business firms to pay for licenses. It is
claimed that the new tax system is not fair to
all, and if it goes through will place Louisville
manufacturers under a disadvantage, in that they
will find it difficult to compete with men in other
cities.
In the case of musical instrument concerns
it is proposed to levy a tax of $20 for each $10,-
000 in gross sales annually, and manufacturers
will have to pay a tax based on the number of
men in their employ. It may easily be seen that
in some cases where large retailers handle many
different lines they will be hard hit by this new
tax. In consequence of this music dealers are
trying to offer some other form of taxation
which would be evenly distributed among the
people of the city.
SOME IMPORT STATISTICS
The value of musical instruments imported
into the country of Maracaibo during the year
of 1917 was $7,702, as against $8,522 for 1916.
The figures show that the greater part of the
imports came from the United States, for the
total value of musical instruments imported from
all countries was $7,921 for 1917, and $9,043 for
1916. The total value of pianos imported from
the United States by the trade in South Aus-
tralia during 1916-17 was $48,000.
The Trio Music Co. has been incorporated in
Los Angeles, Cal., by R. H. Hart, V. E. Des
Autels and C. E. Cronkite, with a capital of
$50,000.
For over 25 years Specialists
in high grade Piano Cases
Paterson Piano
Case Co.
PATERSON, N. J.