Presto

RE8TO
REGISTRATION IS
REPRESENTATIVE
List of Those Attending Recent Meeting of
Musical Supply Association in New
York Suggests a Variety
of Interests.
W. J. Delage, Oakville Co., Waterbury, Conn.
W. S. Hess, American Piano Supply Co., New
York City.
Fred Ivar Johnson, Iverson Piano Player Co.,
Worcester, Mass.
J. B. Horton, Cornwall & Patterson Mfg. Co.,
Bridgeport, Conn.
Albert T. Strauch, Strauch Bros., Inc., New York
City.
Emil H. Dietz, R. E. Koch, New York City.
J. C. Wickham, Wickham P. P. Co., Springfield,
Ohio.
Geo. A. Spencer, Philadelphia Felt Co., Philadel-
phia, Pa.
Carl Goetz, Wm. Zinsser & Co., 195 William street,
New York City.
Joseph McGeveran, Pratt & Lambert, 393 Freeman
avenue, Long Island City.
C. D. Bond, Weaver Piano Co., York, Pa.
G. F. Abendschein, Staib-Abendschein Co., New
York City.
W. F. Bachelder, Geo. W. Prentiss & Co., Holyoke,
Mass.
R. W. Olmsted, Simplex Player Action Co.,
Worcester, Mass.
Paul B. Klugh, General Player Action Co., New
York City.
C. F. Goepel, C. F. Goepel & Co., New York City.
O. O. Brant, Sherwin-Williams Co., Newark, N. J.
Geo. L. Cheney, Pratt Read & Co., Pratt Read
Player Action Co., Deep River, Conn.
A. B. Bush, Crane Felt Co., Belvidere, N. J.
A. D. Ramacciotti, F. Ramacciotti Co., New York
City.
J. H. Burke, Germain Brothers Co., Saginaw, Mich.
Ralph O. Higel, Otto Higel Co., Inc., New York
City.
A. W. Johnston, Standard Pneumatic Action Co.,
New York City.
W. Bohne, W. Bohne Co., Toronto, Canada.
F. W. Kraft, F. W. Kraft Sons Co., Bronxville,
N. Y.
C. Chenev, Comstock-Cheney Co., Tvoryton, Conn.
P. J. Meihl, Summit, N. J.
A. S. Ebbels, A. P. S. Co., 110 East 13th street,
New York City.
May 29, 1920.
TO AMEND BY LAWS OF
THE NEW YORK PIANO CLUB
Club Wants a By-law that Will Keep Trade Mem-
bers in the Lead.
C. W. Bowers, secretary of the Piano Club of New
York, 137th street and Third avenue, notified the
members this week to attend a meeting on Wednes-
day to vote on the following amendment to the
by-laws, which had been approved by the board of
directors:
Amend article III, section I, by striking out the
second paragraph thereof and insert instead:
There shall be elected to membership two mem-
bers connected with the piano trade or allied trades
for every one member elected to membership who is
not so connected during any period when the mem-
bership not so connected with such trades shall equal
or exceed fifty in number.
The officers of the club are Richard B. Ald-
croftt, president; Anthony Doll, vice-president; A.
V. W. Setley, treasurer; Charles W. Bowers, secre-
tary. The board of governors consists of A. Bau-
man, Alexander Lane, Charles P. Bogart, George
Holz, E. Lanning Blue, J. A. Coffin, A. Dalrymple,
George Derby, H. C. Frederici and A. Constantine.
The representative character of the attendance at
the convention of the Musical Supply Association
held May 20 and 21 at the Hotel Commodore, New
York, is best told in the official registration at the
event. The committee was earnestly desirous of se-
curing an attendance that would represent every
phase of the musical supply business and manner in
which their wishes were satisfied is shown in the
following copy of the register:
Amongst Those Present.
E. B. Richardson, Richardson Piano Case Co., Leo-
minster, Mass.
D. C. Richardson, Richardson Piano Case Co., Leo-
minster, Mass.
George Holz, Mapes Piano String Co., New York
City.
A. L. Wessell, Wessell, Nickel & Gross, New York
City.
W. W. GRIGGS RECOVERING.
Peter Schwamb, the Theodore Schwamb Co., Ar-
lington, Mass.
W. W. Griggs, well-known wholesale piano man,
Philip Eberhardt, the Theodore Schwamb Co., Ar-
who is now in an Evanston hospital recovering from
lington, Mass.
the amputation of his right leg at about the knee,
is making gains, according to George W. Eddy, sec-
Huber C. House, Chas. W. House Sons, Union-
retary and assistant treasurer of The Cable Com-
vine, Conn.
pany, who went out to see him on Monday. He
A. O. Kosegarten, Grubb & Kosegarten Bros.,
found Mr. Griggs hopeful and cheerful—he believes
Nassau, N. Y.
that he will be able to walk well with an artificial
W. E. Strauch, Strauch Bros., Inc., New York
foot.
City.
Frank A. Merriam, A. Merriam Co., South Acton,
Mass.
ERNEST URCHS GOES SOUTH.
Philip W. Oetting, 213 East 19th street, New York
Atlanta and Savannah, Ga., and Jacksonville, Fla.,
City.
are important points in the itinerary of Ernest
W. M. Shailer, 213 East 19th street, New York
Urchs of Steinway & Sons, New York, who left last
City.
week for a long Southern trip. Other places will
Joseph F. Reed, Paragon Foundries Co., Chicago,
be visited by Mr. Urchs, who will be out on the road
F. F. STORY GOES WEST.
111.
for about three weeks.
Frank F. Story, vice-president and treasurer of
Vincent Vilim, 213 East 19th street (piano ham-
the Story & Clark Piano Company, left Chicago
mers), New York City.
The Veneero Lac Company, Manhattan, New
Felix Oppenheimer, Julius Schmid, Inc., New on Saturday last for California to bring back his fam-
ily, who have been visiting there for some time. E. M. York, with capital stock of $10,000, has been incor-
York City.
Adolph Stern, David H. Schmidt Co., Poughkeep- Love, secretary of the company, says trade is very porated. The incorporators are J. Koske, J. Striem
good, many inquiries coming in and dealers are and S. Horowitz, of 525 West 175th street, New
sie, N. Y.
York.
David H. Schmidt, David H. Schmidt Co., Pough- shouting for goods.
keepsie, N. Y.
E. Weiss, Textile and Hardware Exchange, New
York City.
F. E. Morton, American Steel & Wire Co., Chi-
cago, 111.
James Kose, Cornwall & Patterson Mfg. Co.,
Bridgeport, Conn.
H. D. Leslie, Sherwin-Williams Co., Newark, N. J.
(Continued from page 3.)
Chas. H. J. Clause, Sherwin-Williams Co., New-
This
transposition
of
asset
entries
was
no hardship these basic supplies and materials. We need to con-
ark, N. J.
G. C. Chalmers, Hodgman Rubber Co., Tuckahoe, upon your business. But what about a falling market vince bankers that the piano business is one of the
on your raw materials, and demands being made most staple in the country; that it is less sensitive to
N. Y.
E. H. Townsend, Hodgman Rubber Co., Tuckahoe, upon you for longer time? From where is the money the temporary ups and downs of general conditions
coming to finance such a change? Ordinarily you than most other lines. We need to convince bankers
N. Y.
Z. Clark Thwing, Grand Rapids Veneer Works, would go to the bank and borrow the money. But that piano paper is as good collateral as comes into
that is not as easily done as heretofore, because their banks.
Grand Rapids, Mich.
A. A. Souder, Perkins Glue Co., South Bend, Ind. banks, acting under the influence of the Federal Re-
Piano Paper Good.
Wm. J. Keeley, Auto Pneumatic Action Co., New serve Board's policy, are reducing rather than in-
There
was
a
time when bankers ridiculed piano
creasing loans. The only possible course, therefore,
York City.
W. C. Heaton, Auto Pneumatic Action Co., New to follow is to keep your business as close to a paper. Now they have come to the conclusion that
it is better business to sell a piano and have the
cash basis as possible.
York City.
I do not look seriously upon the present senti- right to take it back if not paid for, than it is to sell,
H. D. Cook, Standard Glue Co., New York City.
Ira J. Seely, American Glue Co., New York City. mental wave of falling prices as materially affecting for instance, groceries, which, having been consumed,
the piano business. My reason for this is based en- cannot be recovered.
M. Milligan, Fairbanks Co., Springfield, Ohio.
There is much work to be done in cultivating this
Geo. A. Sperson, Philadelphia Felt Co., Philadel- tirely upon the fact that there has been to my
knowledge no profiteering in piano manufacturing favorable opinion among bankers, and this is one
phia, Pa.
Harold Haas, Henry Haas & Co., New York City. and retailing. I can readily understand in some other of the big jobs the Music Industries Chamber of
lines, such as clothing and shoes—where inflation Commerce is undertaking. It is another reason why
W. B. Pratt, New York City.
has gone far beyond the point of fair profit—that the supply trade should support the Chamber with
H. O. Bauer, New York City.
Otto R. Trefz, Jr., Otto R. Trefz, Jr., Philadelphia, prices will tumble. Possibly there will be a tempo- its pocketbook as well as with its sentiments.
rary reflection of this in our business, but it cannot
Pa.
The future of our industry has never been brighter.
be of long duration.
W. N. Shelton, L. J. Mutty Co., Boston, Mass.
There is an increased interest in musical instruments
Fred Morsereau, Sherwin-Williams Co., New York
A Futile Move.
on the part of the general public. But we must not
City.
In fact, in my opinion, the policy which the Fed- ruin this bright future by letting down the credit
G. Mendelson, Harvey Mfg. Co., Bridgeport, Conn. eral Reserve Board has adopted, while temporarily bars at this critical period. The analysis I have here-
A. L. Kelly, the O. S. Kelly Co., Springfield, Ohio. beneficial in discouraging profiteering, is absolutely with presented of the average financial statement is,
L. S. Webb, the Webb Wire Works, New Bruns- futile. If their policy is carried to the point where in my opinion, true, and it will be well worth while
wick, N. J.
legitimate and non-profiteering business, such as our for every business man to figure out how he is going
B. A. Smith, Standard Felt Co., New York City.
business, is menaced—where sound institutions are to finance his business within the next two years.
W. A. Breckwoldt, Julius Breckwoldt & Co., financially embarrassed—then such a policy has done I would like to be shown how an inflated inventory
Dolgeville, N. Y.
an irreparable injury to innocent business men. Such can be liquidated without added assistance from
W. G. Schaff, John A. Schaff, New York City.
a policy, if carried out, would only serve to stop banks, and yet concede longer terms of credit! I
Chas. L. McHugh, Standard Action Co., Cam- production in many lines. And this is just what we claim it cannot be done.
bridge, Mass.
do not want.
Epitomized, this somewhat rambling address
Lester I. Miller, Superior Foundry Co., Cleveland,
We cannot overcome the fundamental and natural might be stated as follows: Stand by your tried and
Ohio.
law of supply and demand. We cannot any more true friends among the piano manufacturers, and
Henry G. Wickham, Wickham Co. of New Jersey, influence this natural law through artificial means, analyze with great care and go slowly with the new
Matawan, N. J.
than we can change the tides or control the sun. We manufacturer whose spectacular methods menace es-
C. W. Morgan, A. C. Cheney Co., Castleton-on- need more coal, more oil, more iron, more lumber— tablished piano making and selling practice. Stand
Hudson, N. Y.
and we need more of the products manufactured from by your friends; you may need them!
PIANO SUPPLIES TO MANUFACTURE
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