Presto

Issue: 1923 1913

PRESTO
10
TOO MANY LAWYERS NEEDED
TO SETTLE BANKRUPT CASES
Story of Four Who Figured in a Small Proceeding
in New York.
One of the subjects which will have consideration
at the approaching convention of the music trades and
industries will probably be that of bankruptcy settle-
ments. It is a subject familiar to most men in the
business. There is seldom a bankruptcy, however
small, that is not the center of a horde of legal gentle-
men who eagerly pick the bones before the doctors
can get close to it.
A short time ago an association of industries in New
York opposed a settlement which presents just such
a front as most of the piano cases do. It was a
settlement of 50 per cent in cash offered by a retailer
who sustained a total loss by fire several months ago.
"Following the fire," an association officer said, "a
meeting of creditors was held, at which an offer of
30 per cent in cash was submitted. This was re-
jected by the creditors, and a committee was chosen
to investigate and report recommendations. An offer
of 50 per cent was later made and endorsed by the
committee, and accepted by some of the creditors. I
have urged all of our members WHO are creditors,
however, to reject the offer until further light is shed
on the entire case.
"First of all, the amount involved is so small that
the case cannot afford expensive administration. The
liabilities have been variously estimated at from $8,000
to $14,000. The assets consist of insurance collected
after dispute—just what I have been unable to learn.
Despite the smallness of the case, there are no less
than four attorneys in on it—all of them waiting for
their share of a pic which could have been cut either
without any or with little legal counsel. The debtor
The Good Old
SMITH A NIXON
CINCINNATI
is represented by an attorney, and the chairman of
the committees is an attorney. The committee also
has counsel, and another attorney is a member of the
committee. Of a creditors' committee of five-, three
are attorneys.
"If the size of the case warranted the; employment
of so much legal talent no complaint would be of-
fered on this score, but there is a principle involved
in our opposition to the present situation. If, under
the circumstances, the debtor can pay SO per cent, in
all likelihood, creditors would receive at least 75 per
cent, if the unnecessary high expense of administra-
tion were eliminated. Even as it is, it seems impos-
sible to get any details regarding the basis for the
SO per cent offer.
"When professional bankruptcy lawyers 'ring in'
four-strong in a case involving $8,000 to $14,000, there
is no doubt that the creditors do not receive as much
as they are rightfully entitled to, especially when
three of them are on the creditors' committee and
control the situation. We are continuing steadfastly
to counter this lawyer-control of financial embarrass-
ments and to use co-operative creditor arbitration
whenever possible."
There is "food for thought" for the piano associa-
tions in the foregoing true story.
BOUGHT ALLENTOWN STORE.
WEBSTER PIANOS
Noted for Their Musical Beauty
of Tone and Artistic Style
ATTRACTIVE
PRICES
Factory
Executive Offices
Leominster,
138th St. and Walton Ave.
Mass.
New York
Division W. P. HAINES & CO., Inc.
Polk's School, at Valparaiso, Ind., Is Making Special
Opportunity to Young Men.
In the spring the minds of active young men turn
to all sorts of things, and many of them in the piano
business would like to get out of the stores. A good
way to accomplish this is to understand piano tuning
and repairing. The best methods are not to be
learned in factories. To handle all makes of pianos
requires special training. This is a good time for
ambitious piano men to consider the special offer of
Polk's School of Piano Tuning, of Valparaiso, Ind.
Secretary Willard R. Powell, an expert in every
branch of the business, and an experienced piano
tuner and regulator, recently said to a Presto repre-
sentative that the outlook for large classes at his
institution this spring could not be better. "We are
certain of a large attendance after April first," said.
Mr. Powell. "We are adding a lot of new equipment
to our school, and are receiving good co-operation
from piano manufacturers."
If there are piano salesmen, or dealers, especially
in the smaller places, who want to gain profitable
education, with which to add to their incomes, now
is the time. Write Mr. Powell on the subject and he
will give your ambitions his personal attention.
Our Motto: "He profits most who serves
best."
CHAFF BROS.
Pianos and Player-Pianos
tand for
atisfaction and
ervice
Made under a guarantee that
is backed by fifty-two years
of success and satisfaction*
Schafl Bros, instruments are
safe for the dealer to sell
and for the customer to buy.
Better than ever, with the same
"Grand Tone In Upright Case."
Grands and Players that every deal-
er likes to sell, for Satisfaction and
Profit.
1229 Miller St., Chicago
NO BETTER TIME TO LEARN
THE ART OF PIANO TUNING
Harvey L. Fatzinger, one of the first members
of the Allentown Symphony Orchestra and a violin
soloist of note, has purchased the interests of H. H.
Pakenham in the "Little Store Around the Corner,"
The M. A. Smith Music Store, 106 Walnut street,
21 North Eighth street, Allentown, Pa. He will fol- Johnstown,
Pa., has been remodeled. The stock of
low the policy of the establishment, specializing in musical instruments
has been enlarged.
playerpiano rolls. Later, a complete stock of violins
and violin supplies will be added.
Pianos and Player Pianos
Smith & Nixon Piano Co.
March 24, 1923
TheSCHAFFBROS.Co.
rtm
Huntingdon, Ind.
The Lyon & Healy
Reproducing Piano
A moderate priced reproducing piano,
beautiful in design and rich in tone.
Write for our new explanatory Chart,
the most complete and simple treat-
ment of the reproducing action.
STRICH & ZEIDLER, Inc.
Wabash at Jackson - - - Chicago
AND
GRAND, UPRIGHT and PLAYER
HOMER PIANOS
KREITER
GRAND PIANO
58 Inches Long
The best exponent of toe present Baby Grand Age.
Its tone — tta lines — its restricted space requirement and
attractive price—
MAKE IT THE PREMIER AGENCY
Get full details of this valuable telling franchise NOW.
Premier Grand Piano Corporation
Large** Institution in the World Building Grand
Pianos Exclusively
WALTER C. HEPPERLA
tnw&tat
JUSTUS HATTEMER
Vie.-Pre.ife.it
510-532 West /3rd Street
NEW YORK
740-742 East 136th Street
NEW YORK
Pianos and Players
Have No Competition Where
Beauty of Cases and Tone
Sustain Profit Making Prices.
Everything the Highest but
the Price.
Inspect them Carefully and See.
Kreiter Mfg. Co., Inc.
320-322 W. Water St., Milwaukee, Wis.
Factory: Marinette, Wis.
John McCormack
famous tenor, says,
"The Miessner Piano certainly fills a long-felt want, the
want of a small piano with a splendid action and lovely tone"
Write Today for Miestner catalogue, prices an i full
information
^MIESSNER
The TJttle Piano with the Bigr Tone
MIESSNER PIANO CO.
General Offices & Factory, 126 Reed St.
MILWAUKEE, WIS.
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
PHONOGRAPH MAKERS TO
PRODUCE BABY GRANDS
Columbia Cabinet Co., Chicago, to Start Manufacture
of Small Grand Pianos.
A new grand piano will soon be on the market from
the factory of the Columbia Cabinet Co., 400 West
Erie street, Chicago. A few of this model, which is
to be a "baby grand," have been in process of manu-
facture for some time, but are not for sale yet. The
manufacturers expect to have preparations made
within the next three weeks to inanufacture these in-
struments in sufficient quantities to supply demands.
The Columbia Cabinet Co. has been in the phono-
graph manufacturing business since 1914, according
to A. Nordling, manager of the factory. The new en-
terprise is looked upon as one with great possibilities
by the Columbia Cabinet Co., as phonograph manu-
facturing has been successful during the nine years
of its existence.
PROPOSITION TO CREDITORS OF
THE CLOUGH & WARREN CO.
Attorney for the Adrian, Mich., Company in Letter
States Purpose to End Indebtedness.
A communication recently from Franklin J. Rus-
sell, attorney for the Clough & Warren Co., Adrian,
Mich., to creditors of the company made a proposi-
tion which the attorney said was in the endeavor to
get the company back on a substantial operating
basis. Mr. Russell offered preferred stock of the
company to creditors for the company's indebtedness
at 85 per cent of its par value and in addition a two-
year note, with interest payable quarterly or semi-
annually, reserving the privilege to make payments
on the notes.
The business of the Clough & Warren Co. has
practically been at a standstill for the past two years,
although it has a well-equipped plant. The idea of
the company, back of Mr. Russell's proposition, is to
utilize the factory for the manufacture of bedroom
furniture instead of pianos and phonographs, with
which it was previously identified.
WHAT IS A STORM WHEN
A MAN NEEDS PIANOS?
Indiana Retailer Drives to Chicago Through Storm,
of Soft Snow and Sharp Winds.
In the face of a driving wind, and a storm of
slushy snow which played havoc with the highways,
a piano dealer from Crawfordsville, Ind., arrived in
Chicago one night recently, having covered the en-
tire distance in an automobile. M. L. Claypool is a
member of the Claypool-Lacey Music House of
Crawfordsville, and he made the trip to fill up piano
stock with instruments from the factories of Chicago
manufacturers.
The Claypool-Lacey house is one of the most en-
terprising of Crawfordsville's business houses, and
has branches in other parts of the state, and the
pianos are much needed by the stores represented
by the late arrival of Sunday night.
Since the extent of a man's effort in order to ob-
tain music has not been definitely determined, this
might be entered as Exhibit A. However, the auto-
mobile was not brought out with the intention of
being driven through the storm, Mr. Claypool said,
so that the story is somewhat marred. When he left
Crawfordsville, the weather was calm and benignant,
with no indication of adverse winds on the road to
Chicago. If the storm had arrived before his de-
parture, the story would have been different alto-
gether.
LATE FACTS GATHERED
IN THE MUSIC TRADE
Brief Items of Activities in the Business Collected
in Many States.
A complete repair department for musical mer-
chandise has been installed by the Goldsmith Music
Co., Columbus, O. Floyd Miller is manager.
The Ritchie Music Co.. Casper, Wyo., has filed a
voluntary petition in bankruptcy. The liabilities are
$23,506.01 and assets, $22,762.70.
The Packard and Gulbransen lines are now pre-
sented by the Phonograph Co., an Edison jobbing
house in Kansas City, Mo.
Don C. Preston, Bakerslield, Cal., recently opened
a branch store in Taft, Cal.
R. E. Small, a retired piano dealer of Westfield,
Mass., died recently at the age of 75. He retired from
business in 1918.
Duluth, Minn , music dealers are taking an active
part in the Festival Week, in May.
The Wagner Music Shop was opened last week
in East Liberty, Pa.
The Lester A. Gunst Piano Co., Dallas, has ob--
tained a lease on the store at 500 Houston street,
Fort Worth, Tex., and will open a branch there this
week.
The Hecht Co., a big department store in Wash-
ington, D. C, gives over a complete floor in its new
building for a bigger music department.
Fire and water damaged stock in the Fenderber
Music Store, Duquesne, Pa., recently.
Walter King, music dealer, San Francisco, has
moved his business from 147 Valencia street to 416
Hayes street.
Kohler & Chase, San Francisco, has perfected
plans for remodeling the lower floor of its store.
AGAINST "WASTEFUL VARIETY."
The campaign against "wasteful variety" in manu-
factured articles is now actively afoot in nearly two
score industries which turn out everything from
coffins to carpet tacks, according to a bulletin issued
by the Fabricated Production Department of the
Chamber of Commerce of the United States, which is
co-operating with the Department of Commerce to
minimize this form of industrial waste. Not only
have the manufacturers among themselves taken up
the movement generally, the bulletin says, but "very
real progress" has been made in recent conferencs at
the Commerce Department.
A Valuable Agency
UNSURPASSED IN TONE and GENERAL
CONSTRUCTION and UNEQUALED IN PRICE,
make the JESSE FRENCH & SONS line of pianos
the MOST ATTRACTIVE AGENCY ON THE
MARKET. INVESTIGATE THIS CLAIM and
you will readily agree to its correctness.
STYLE G
11
PRESTO
March 24, 1923
Send Today for Catalog and Prices in Unoccupied Territory
JESSE FRENCH & SONS PIANO CO.
NEW CASTLE, INDIANA
A QUALITY PRODUCT
FOR OVER
QUARTER OFA CENTURY
POOLE
-BOSTON-
G. I. SELLERS' CONOVER
REPRODUCING GRAND
Maker of World Known Kitchen Cabinets in
Letter States His Opinion of The Cable
Co.'s Instrument.
[.
A recent effective bit of printed publicity of The
Cable Company, Chicago, is a testimonial folder
about the Conover Reproducing Grand. It is an ex-
pression of warm appreciation of a fine instrument
from a nationally known manufacturer whose musi-
cal taste and ability to show it are known to a large
circle of friends. Geo. Sellers, head of the G. I.
Sellers & Sons Company, Elwood, Ind., makers ol
the Sellers Kitchen Cabinet, is the competent ex-
ponent of the merits of the Conover Welte-Mignoli
Reproducing Grand. His letter to The Cable Com-
pany is an excellent reason for the issuance of the
latest "testimonial folder" from the vigilant advertis-
ing department of the company. Mr. Seller's letter
follows:
"Gentlemen: We are well pleased with the Cono-
ver Reproducing Grand Piano recently purchased
through your representative, R. L. Leeson & Sons
Company, of Elwood. This instrument has a re-
markable tone and everyone who has heard it com-
mented upon the absolute control at all times oi the
reproducing device.
"We have also had favorable comment upon the
flexibility (the touch) of the keyboard which is sur-
prising to a person accustomed to the ordinary playei-
piano."
The credit for the sale is attributed to F. E. Craw-
ford, the efficient manager of the R. L. Leeson &
Sons Co., Elwood, Ind., which firm is one of the
most energetic and successful distributors of the
pianos, players and reproducing pianos of The Cable
Co. The city of Elwood is naturally proud of its big
industry, the G. I. Sellers & Sons Co., which makes
the name Elwood familiar to hundreds of thousands
of the best people in the country.
The title of the folder, "Marvelous Pianos and
Wonderful Kitchen Cabinets" suggests the associa-
tion of two admirable things in the happy, well-
managed home—a Conover Reproducing Grand in
the parlor or music room and a Sellers Kitchen Cabi-
.net in the kitchen. With the facsimile letter of Mr.
Sellers also is shown a picture of the Sellers resi-
dence in the Indiana city, a joyful kitchen interior
properly equipped with a Sellers cabinet and a Con-
over Reproducing Grand in its tasteful surroundings.
The Conover Reproducing Grand is fitted with the
De Luxe Welte-Mignon (Licensed) Reproducing
Action and has available a library of over three thou-
sand rolls representing the work of the world's great-
est artists. This action is specially built according
to the specifications and to suit the requirements of
The Cable Co.. and installed in its own factory by its
own experts. Several exclusive features are embodied
in the combination which contribute to making this
reproducing piano worthy of choice by the most dis-
criminative purchaser.
The library available with this reproducing piano
covers every variety of music—the classic, the popu-
lar light opera, the present-day sentimental ballad,
and the dance melodies so immensely popular with
the public today.
The LEADING LINE
WEAVER PIANOS
Orands. Uprights and Players
Finest and most artistic
piano in design, tone and
construction that can be
made.
YORK PIANOS
Uprights and Player Pianos
A high grade piano of great
value and with charming tone quality.
Livingston Pianos— Uprights and Plays* Pianos
A popular piano at a popular price.
Over 70,000 instruments made by this company t i e sing-
ing their own praises in all parts of the civilised world.
Write for catalogues and state on what tegms you would
like to djeaL %n& we will make you a proposition if yi% are
located in op«B territory.
WEAVER PIANO CO., Inc.
Factory: YORK, » \ .
Established 1870
AND UPRIGHT. PIANOS
AND
PLAYER PIANOS
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/

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