Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
SEPTEMBER 4, 1926
The Music Trade Review
Glen Bros.-Roberts Piano Co. to Open
Branch Warerooms in Pocatello, Idaho
Ernest Stevenson to Be in Charge of New Store—Charles King Placed in Charge of the Talking
Machine Department of the Consolidated Music Co.
C A L T LAKE CITY, UTAH, August 29.—The
music business in Utah is described as
about normal for the season. There is some
activity in all departments, for though some of
the stores report no movement in one depart-
ment at this time, others, on account of special
efforts, perhaps, are doing fairly well in this
department.
The industrial outlook continues good. Crops
will not be as heavy as they were last year, but
the great metal mining and smelting industries,
the prosperity of which means so much to the
State, especially to Salt Lake City, were never
in better shape than now. The tourist business
has been better than ever before. The sugar
industry was badly hit by the partial failure of
the sugar beet crop, but other industries of the
manufacturing class are in good shape.
The Glen Bros.-Roberts Piano Co., of this
city and Ogden, have now definitely decided to
open a store in Pocatello, Ida. Orville E.
Stanger, who has been in the music business in
that section for some time past, and Ernest
Stevenson, an accountant of wide experience,
will have charge of the store, Mr. Stanger look-
ing directly after the sales end. The store will
be opened in September if arrangements can
be made to get it in shape by that time. It will
be located in the Odd Fellows' Building, on
1
which a long lease has been secured. It is
stated that a full line of musical goods will be
carried. They will have the Chickering line
and the Gulbransen line, both carried by the
other stores of the company. Talking machines,
including Victor and Brunswick products, band
instruments, etc., will be carried, it was stated.
The Fisher Music Co., of East Broadway,
suffered a heavy loss during the past week or
ten days in the death of two of its employes,
W. W. Taggert, piano tuner and a veteran in
the ranks of the tuners, and Heinrich T. Imsen,
who had charge of the repair department. They
died within a day of each other.
Manager Alvin A. Beesley, of the Beesley
Music Co., widely known in music industry cir-
cles and as a performer, too, is spoken of as a
likely candidate for the State Legislature. So
far Mr. Beesley has not given out any state-
ment on the subject for publication.
Frederick Beesley, of the Beesley Music Co.,
a brother of Manager Alvin A. Beesley and
a member of the chorus of the Tabernacle
Choir, which made a recent concert tour of the
California coast, has contributed an article to
the Deseret News of this city in which he tells
of a number of choir outings and concert tours
of other days in which he participated. Mr.
Beesley is one of the oldest members of the
organization. He has been a member of the
choir since he was eighteen years of age.
Warner Stone, of Provo, music merchant and
band leader and formerly of this city, was at the
local Pantages Theatre last week with his or-
chestra, "The Columbians."
H. C. Fisher, music merchant, has left for
the Pacific Coast for a vacation.
The Utah branch of the National Federation
of Women's Clubs has been reorganized. It
was stated that the reorganization of the local
club was for the purpose of stimulating musical
activities in the State.
Dick Thompson, advertising manager of the
Daynes-Beebe Music Co., is back at his desk
again following a two or three weeks' trip to
St. Louis, where he has been visiting his
brothers and sisters.
A local visitor is W. H. Cotter, of W. W.
Kimball Co.
Charles King, chief of the advertising and
mail-order departments of the Consolidated
Music Co., has been placed in charge of the
phonograph department once more. Mr. King
had charge of this department up to the* time
he was appointed manager of the other depart-
ments a year or two ago. He succeeds G. H.
Sadler, who has gone to Butte, Mont. Miss
Hazell Raddon, formerly in the company's pho-
nograph department, is again on the force of
the company.
Royal W. Daynes, manager of the Consoli-
dated Music Co., and family are at Zion's Na-
tional Park. Mr. Daynes was selected a direc-
tor the other day of the Western Music Trades'
Association at a convention of the Association
in Seattle, Wash.
The J. M. Pantone Piano Co. is going to rent
the piano space formerly occupied by the Lyric
Music Co., on Washington avenue, Ogden. The
new company will open up on September 1, it is
announced.
Bureau of Internal Revenue Issues
New Regulations Covering Instalments
New Rules Are Retroactive as Far Back as 1916, Allowing Music Merchants to Receive Refunds
for Back Taxes if They Were in Excess of Those Paid Under New Rules
ASH1NGTON, D. C, August 30.—New
regulations applying to the payment of
tax on instalment sales of musical instruments
and other commodities have just been issued by
the Bureau of Internal Revenue. These regula-
tions are made retroactive as far back as the
revenue act of 1916 and any taxes heretofore
paid under that or subsequent acts, if in excess
of the tax which would be collectible under the
new regulations, will be credited or refunded
to the taxpayer upon application.
The revised regulations provide that a person
who regularly sells or otherwise disposes of per-
sonal property on the instalment plan, whether
or not title remains in the vendor until the prop-
erty is fully paid for, may return as income
therefrom in any taxable year that proportion of
the instalment payments actually received in
that year which the total or gross profit (that
is, sales less cost of goods sold) realized or
to be realized when the property is paid for
bears to the total contract price.
Thus the income of a dealer selling on the
instalment plan may be ascertained by taking
as income that proportion of the total payments
received in the taxable year from instalment
sales (such payments being allocated to the
year against the sales of which they apply),
which the total or gross profit realized or to be
realized on the total instalment sales made dur-
ing each year bears to the total contract price
of all such sales made during that respective
year. No payments received in the taxable year
shall be excluded in computing the amount of
income to be returned on the ground that they
were received under a sale the total profit from
which was returned as income during a taxable
year or years prior to the change by the tax-
payer to the instalment basis of returning in-
come. Deductible items are not to be allocated
to the years in which the profits from the sales
of a particular year are to be returned as in-
come, but must be deducted for the taxable year
in which the items are paid or incurred or
accrued, as provided by section 200d of the rev-
enue act of 1926.
If for any reason the purchaser defaults in
any of his payments, and the vendor returning
income on the instalment basis repossesses the
property, the entire amount received on instal-
ment payments and retained by the vendor,
less the profits previously returned as income,
will be income of the vendor for the year in
which the property is repossessed, and the
property repossessed must be included in the
inventory of the vendor at its original cost, less
properh allowance for damage and use, if any,
during that time.
If the vendor chooses as a matter of consist-
ent practice to return the income from instal-
ment sales on the straight accrual or cash re-
ceipts and disbursements basis, such a course
is permissible.
Pratt Read
Products
P i a n o Ivory
Piano Keys
Piano Actions
Player Actions
Established in
1806
at Deep River, Conn.
Still There
Exhibits at State Fair
SYRACUSE, N. Y., August 30.—Arrangements are
being made by the Clark Music Co., this city,
for exhibiting its full line of instruments at the
State Fair this Fall. A small cottage studio
to be known as "The House That Clark Built"
has been engaged for the period of the Fair and
the Clark company has already invited its
patrons to make it their headquarters when
visiting the grounds. In addition to a display
of pianos, the Clark harp, perfected and patented
by Melville Clark, founder of the concern, will
be shown, as well as a complete stock of Conn
band instruments and stringed instruments.
The Base Piano Co., Inc., Wilmington, Del.,
has been chartered with capital stock of $100,000
to deal in musical instruments of all kinds.
Standard Service and Highest
Quality
Special Repair Department*
Maintained for Convenience
of Dealers
PRATT, READ & CO.
THE PRATT READ
PLAYER ACTION CO.
Oldest and Best