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16
THE
M U S I C
TRADE
(Continued from page 9)
KRANICH & BACH
Made under one family's supervision
since 1864
ICH & BACH
237 EAST 2 3 " STREET
New York
A NEW AMATEUR MUSIC MOVEMENT OF
UNUSUAL IMPORTANCE AND POSSIBILITIES
T
February, 1 9 3 2
WHAT YOU SHOULD KNOW
ABOUT FEDERAL TAXES
There IS no finer piano than a
HE organization of the Guild of Mu-
sical Amateurs in New York, which
was accomplished through the efforts of
Mrs. Charles D. Mitchell, wife of a promi-
nent banker, and with Harold Bauer, noted
pianist, as president, promises to open the
way for a new movement to encourage the
personal performance of music by adults.
Through Mrs. Mitchell's efforts there have
been gathered together a number of promi-
nent society women in the East, all ex-
cellent performers on various types of mu-
sical instruments. These include Mrs. Vin-
cent Astor, Miss Helen Choate, and others
of New York, Miss Jean Sears, of Boston,
Mrs. John 1). Fair, 3rd, of Philadelphia,
Mrs. Arthur Woods, Mrs. Clarence H.
Mackay, Mrs. Benjamin Rogers, of New
York, Mrs. Leland Harrison, of Washing-
ton, and others of equal prominence. The
group gave the first concert about a month
ago.
In describing the plans for the guild,
which he outlined in cooperation with his
organizers, Mr. Bauer stated that the pro-
gram might be summarized as follows:
A limited number of singers and in-
strumentalists agree to meet at specified
intervals for reading and studying music.
A preliminary program arranged before-
hand is read at the first meeting, and works
chosen from it for more detailed study. At
each meeting, part of the time will be de-
voted to reading new works and part to
study of interpretations of works already
performed.
Members will take part in groups of
varying size, and as some members will
undoubtedly be able to sing as well as to
play an instrument, the occasional inclusion
of madrigals or part songs in the programs
should be enjoyable to all. Those who can
play two instruments or are willing to learn
an additional one will be valuable additions
to the group.
At first the services of an experienced mu-
sician will probably be needed to suggest
programs and indicate certain principles of
ensemble study.
As a later feature, the plan contemplates
the formation of other groups, which can
combine in various ways and alternately
REVIEW,
prohibits deducting \2 l /i per cent of your
capital loss if the tax rates paid do not reach
that figure.
In other words, if the taxpayer's net in-
come, including capital gains, does not exceed
$28,000 with the rates now in force, then
the capital gains provisions do not apply and
capital gains and losses are treated as ordi-
nary gains and losses.
It must be borne in mind that nothing in
the proposal for the abolition of the capital
gains provisions affects the taking of straight
losses as deductions from income or the addi-
tion of straight gains to income. For instance,
if you buy a security today for $1,000 and
sell it at the end of six months for $500 you
have suffered a straight loss of $500, which
is fully deductible, regardless of the amount
of your income.
What the Committee on Ways and Means
will recommend to Congress after its review
of all proposals, is purely a matter of con-
jecture. However, it is the writer's opinion
that the capital gains and losses provision
will not be abolished but rather that the rate
will be lowered.
listen to and perform in the programs. As
the quality of the performance improves,
guests may be invited, and finally a public
concert may be considered. Mr. Bauer sug-
gests that the proceeds from such a concert
might be devoted, following the example of
the Beethoven Association, to purposes of
general musical interest.
NEW YORK PIANO MOVERS
According to Mr. Bauer, an organization
FORM ASSOCIATION
of this kind is important in that personal
participation of music lovers in music mak-
The Piano Movers' Association of Greater
ing is indispensable for the maintenance of
New York, Inc., has been organized by a
high artistic standards in every community.
number of local trucking firms engaged in
"It would be disastrous," he says, "to the
the handling of pianos. The officers of the
cause of general culture if the growing habit
new organization, which has headquarters at
of deriving vicarious satisfaction from the
305 East Fifty-first street, are: President,
performances of professional experts were
John J. Leonard; vice-president, Charles F.
finally to lead to the destruction of the ac- Byrnes; financial secretary, Louis Marx; sec-
retary, Fred Ro.ew, and treasurer, Harry
tivities of the musical amateur."
Leichtman. The purpose of the association,
The Nusbaum-Kring Music Co., Inc., has it is stated, is to improve the standards of
been chartered in Richmond, Ind., to engage the craft and to render better service gen-
erally.
in the general music business.
T W O ATTRACTIVE
STYLES IN UPHOLSTERED
ROUND, TAPERED LEG BENCH
Ionk Bench es
Should Satisfy Your Most
Discriminating Requirements
Artistic Coverings of Jacquard
Velours and Similar Fabrics
WIDE RANGE OF COLORS
Top Size 13x321/
Stock Now for New Sales!
4 or More
$6.75
TONK MFG. CO.
Established 1873
1912 Lewis Street
CHICAGO, ILLINOIS
Shipping Weight 33 lbs.
PRICES: M A H O G A N Y OR WALNUT BASES
•
,
Less than 4
$7.25
Fluted Legs 25c Extra—Order Style 85*4
Be sure and specify on your order height wanted—
color of wood and finish and whether dull or polish.
Genuine Angora Mohair $1.00 Extra