Music Trade Review

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JANUARY 7, 1928
The Music Tr a de Review
Some of the Men Who Have Made Possible the New
Platt Music Co. Building in Los Angeles
George B. Epstein
Vice-President
F. McL. Brinckerhoff
Secretary
Edwin Lester
General Sales Manager
Federated Radio Trade Convention to
Be Held in Milwaukee, February 14 and 15
Establishment of National Policies for Both Dealers and Jobbers Expected to Be Car-
ried Out at Meetings at the Hotel Schroeder in That City
V/11LWAUKEE, WIS., January 3.—A stimu-
Iation of radio business is seen here as the
result of the meeting of the Federated Radio
Trade Convention which will take place Febru-
ary 14 and IS at the new Hotel Schroeder here.
A comprehensive program is being planned
for the meeting, with speakers of national im-
portance who will select various topics of na-
tional interest. A national policy, to be fol-
lowed by all dealers and jobbers throughout the
country, is expected to be one of the things
accomplished at the meeting.
A full delegation will come from the West
Coast, according to word received here, and
plans are being made for a record attendance.
The program has been tentatively outlined as
follows:
Registration at nine o'clock on the morning
of February 14. A good-fellowship luncheon at
12:15 followed by a reception for the members
and board of directors. The business session
will open following the luncheon and reception,
and it will run through until five-thirty o'clock.
A theatre party and dance have been arranged
for the first evening. Sessions will be closed
on the second day with a big stag banquet.
Unpaid Equities in Instalment Sales
Subject of Test Case on Federal Taxes
Court Has Already Held That Income Taxes Can Not Be Collected on Payments in
Instalment Sales Which Have Not Been Made by Purchasers
VyASHINGTON, D. C, January 2.—The re-
funding of taxes amounting to millions of
dollars to merchants doing business on the in-
stalment plan depends upon the outcome of a
court case now pending, in which the Govern-
ment has appealed from a decision which, if up-
held, would completely reverse the attitude of
the Commissioner of Internal Revenue with re-
spect to taxes on instalment sales.
The pending case involves a jewelry company
which, during the period from 1918 to 1924, sold
jewelry on conditional sales contracts at agreed
prices amounting to more than $70,000. After
receiving about $50,000 on the contract prices,
the company treated the title as vested in the
purchasers and closed the accounts by charging
off the balance as uncollectible. The Commis-
sioner of Internal Revenue, in accordance with
his interpretation of the sales, taxed on the en-
j tire amount of the selling price agreed upon,
• but the company contended that it was liable
.only on the amount actually received.
The lower court gave judgment for the com-
pany on the ground that the tax was not due
until the sales were completed as agreed by full
payment or by relinquishment of the title to
the vendee and that only the amount actually
received by the vendor was taxable. The Gov-
ernment has appealed to the Circuit Court • of
Appeals where the case will shortly come up
for decision.
talkinu machines will be carried. The new
store is under management of Miss D. Dubrow,
daughter of the proprietor who is widely ex-
perienced.
GRAND
KEYS
ACTIONS
PLAYERS
of the
HIGH QUALITY
SKILLED WORKMAN-
SHIP and
FINE MATERIALS
found in all
PRATT READ
PRODUCTS
Write us NOW
New Store Is Opened
by Dubrow, Philadelphia
PHILADELPHIA, PA., January 3.—An additional
store has been acquired by Louis Dubrow, 420
South street, dealer in general musical merchan-
dise and talking machines. The new store is
located at 635 South street, just two squares
away from the original home, and has been
fitted with an attractive front and display win-
dows. A line of string goods, Q R S rolls and
PRATT, READ & CO.
Established 1806
The Pratt Read Player Action Co.
Deep River, Conn.