Presto

Issue: 1923 1921

24
PRESTO
the best modern music by orchestra, band, choral and
individual performers, and copyrighted arrangements
and orchestrations of the world's best music of
all time.
Basis of Decision.
The decision of the publishers was based largely
upon the following facts and conditions with respect
to radio broadcasting, according to the report of the
committee.
The outstanding fact about radio broadcasting from
the standpoint of both willingness and ability of
broadcasting stations to agree at present to some
practical form of compensation for use of copyrighted
musical compositions, is their failure, as yet, to find
a method of collecting a proper share of the expenses
of broadcasting from its beneficiaries. This, of course,
does not in any way affect the merits of the question,
but it is clear that it does present perplexing diffi-
culties to the broadcasting companies.
While the possibilities of the radio as a transmitter
of educational and current informational matter are
undoubtedly great, music is the one broadcasting
possibility of almost universal appeal. Up to the
present time the music broadcasted by radio has not,
generally speaking, been of a sufficiently high quality
to be a factor of importance in creating a further
public appreciation and demand for music itself.
Eliminating the novelty feature of radio, it is very
doubtful if the musical side of it would as yet have
had any great public appeal.
Sees Possibilities of Radio.
It is not unreasonable to expect, however, that
ultimately such scientific perfection of radio broad-
casting and receiving apparatus will be attained and
arrangements made w T ith so much of the world's best
musical talent that radio will be an established and
important source of music on a commercial basis.
When and if this time arrives, it will be vital to the
welfare of the music publisher that the radio branch
of the music industry should properly recompense the
publishing branch, upon which it will be dependent
for its existence and prosperity. The failure of pub-
lishers in the meantime to safeguard their rights may
make the future enforcement of them difficult.
The difficulties of establishing radio broadcasting
on a commercial basis, which apparently is necessary
NEW YORK
433 Fifth Ave.
before it can become an important direct source of
revenue to those who participate in it, including copy-
right owners, are great but not unsurmountable.
Many persons believe that radio broadcasting must
be placed under government regulations and control.
Under such conditions all producers of radio equip-
ment who are the commercial beneficiaries of broad-
casting could be licensed and the proceeds used to
pay the expenses of broadcasting. Some even expect
that the radio may ultimately be of such universal
use that the government can undertake broadcasting
as a public function.
May 19, 1923
SHEET MUSIC TRADE NOTES
A Few Items Interesting to People in Sheet Music
Department Are Printed.
Remick's "Barney Google." has taken Portland,
Ore., by storm. It is hummed and whistled every-
where and the effect on sales is highly satisfactory
to sheet music department managers.
"Carolina in the Morning" and '"My Buddy", two
Remick songs are best sellers in Atlanta, Ga.
A sheet music department in the new location of
Another View.
the McPougall-Conn Co., Portland, is under the
Tt is perhaps more likely, however, that through management of Maud McCauley under the supervision
the control of basic patents a few radio companies of the F. R. Austin Music Co.
can develop broadcasting and reimburse themselves
Harold Robinson, president of the B. F. Wood
by including the expenses in the price of the patented
Music Co., Boston, will sail for England this week
radio parts or from fees received for licenses granted
where he will spend some time at the London office
to other manufacturers. Another possibility is that
of the company.
the radio interests will be able to finance broad-
The sheet music made by New York, Brooklyn and
casting as a common promotional problem of the several cities in Connecticut and New Jersey are well
industry, perhaps co-operatively through a trade represented in the Association of Music Men which
association. Although seemingly impossible, science holds regular monthly meetings at the Heidelberg
may yet produce a method by which the receipt of
Cafe, New York City.
radio messages can be confined to those who pay for
Yale University has been presented with the man-
the service.
uscript scores of Horatio Parker by his widow. The
collection includes his latest works as well as many
"Whatever the method proves to be, it must and
of his earlier ones written while a student in Munich.
soon will be found by the radio industry. The radio
broadcasters will then be able, and undoubtedly
willing, to reimburse all who are essential to the
BOSTON P U B L I S H E R SUED.
success of their business and those services they use,
A petition in bankruptcy has been filed against
including owners of copyrighted musical composi-
David W. Cooper doing business under the firm name
tions."
of D. W. Cooper Publishing Co. and the Music Shop,
144 Summer street, Boston, by the following: Harry
L. Spencer, treasurer of Kraft, Bates & Spencer,
S H E E T MUSIC W I N D O W S .
Inc.; Leslie S. Wiggin, treasurer of the Bay State
The Oliver Ditson Co., Boston, provides a good
Music Corp., and Thomas J. Connolly, acting for
example in sheet music featuring which is worth
Max Merrick, contractor. Claims of $2,069.01 are
emulating. The company has always been a believer
made by the first named; the second claims $400 and
in striking window displays but latterly it has made
them more effective than ever before. It utilizes the the contractor claims $225.58 for repairs.
musical thought created by the performances of
PLANS O F A. J. STASNY CO.
numbers from the Ditson catalog. For instance, with
the display of a copy of a particular piece, pictures
The A. J. Stasny Music Co., New York, will be
of a theater, auditorium, hotel or other public place
continued along the lines of procedure and according
where the number is being played or sung are used
to the policies established by the founder, A. J.
as interesting additions to the show.
Stasny. who died about a month ago. The company's
catalog has a good line of standard numbers and a
list of freely selling popular songs.
HARDMAN, PECK & GO. r.S' d )
CHICAGO
Republic Bldtf.
Manufacturers of the
HARDMAN PIANO
The employees of the Wiley B. Allen Co., San
Francisco, recently held their annual picnic at Ken-
dall Dell. The Oakland and San Jose store employees
participated.
The Official Piano of the Metropolitan Opera Co.
Owning and Operating the Autotone Co. makers of the
Ov/ningand Operating E.G. Harrington & Co., Est.1871, makers of the
AUTOTONE G&M2)
The Hardman Autotone
The Harrington Autotone
The Autotone The Playotone The Standard Player-Piano
HARRINGTON PIANO
{Supreme d tnong Moderately Priced Instruments)
The Hensel Piano
The Standard Piano
THE KOHLERINDUST
of NEW YORK
AFFILIATED
COMPANIES
arm factoring for the trade
Upright and Grand Pianos
Player Pianos
Reproducing Pianos
Auto De Luxe Player Adtions
Standard Player Adtions
Art De Luxe Reproducing Adtions
Parts and Accessories
Wholesale Chicago Office and Service T)epartments
San Francisco Office
462 tPkelan building
KOHLER INDUSTRIES
1222 KIMBALL B U I L D I N G
CHICAGO
Schaff Bros.
Players and Pianos have won their stand-
ing with trade and public by 54 years of
steadfast striving to excel. They repre-
sent the
LARGEST COMPETITIVE VALUE
because of their beauty, reliability, tone
and moderate price. They are profitable
to sell and satisfactory when sold.
Brighten Your Line with the
SCHAFF BROS.
The Schaff Bros. Co.
Established 1868
Huntington, Ind.
WILLIAMS
PIANOS
The policy of the Williams House is and always
haa been to depend upon excellence of product
instead of alluring price. Such a policy does not
attract bargain hunters. It does, however, win the
hearty approval and support of a very desirable
and substantial patronage.
M/IIHAUK Makers of Williams Pianos,
WILLIAMS E p w o r t h P i a n o ! I a n d Organs
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/
May 19, 1923
25
PRESTO
COINOLAS
FOR
RESTAURANTS, CAFES and
AMUSEMENT CENTERS
WEEK'S ODDS AND ENDS
BRITISH PIANO BOOM IS
REPORTED FROM LONDON
Industry in Which There Is Now No Unemploy-
ment at All, Working Overtime.
The Federation of British Music Industries reports
that the piano industry of that country, which em-
ploys nearly 10,000 workers, has been fully occupied
with orders for over nine months past, and although
this is normally the short-time period, there is no
unemployment at all in the industry.
In the summer months of 1921 nearly 60 per cent
of the workers were unemployed. In the summer
of 1922 less than 20 per cent were unprovided with
work.
This year not only are the factories working at full
stretch, but even the recognized marginal unemploy-
ment of 2 per cent to 4 per cent is absent, while in
some factories overtime is being worked.
BLAIR RULING LIFTS
TAX ON SOME DIVIDENDS
Commissioner's Decision Exempts Distribution of
Profits Companies Received From Subsidiaries.
Style SO
FROM THE BIGGEST
ORCHESTRION
February 28, 1913, distributes to its stockholders the
amount so received by it from such other corpora-
tion, such distributions are not dividends within the
meaning of the revenue act and are exempt from
tax."
High treasury officials were unable to estimate the
number of claims for refund, many of which have
been pending for several years, that will be made
valid by the ruling. It was said that undoubtedly
some of them would result in full repayments while
the greater portion of those now on file would
require refunds to be determined by reaudits of the
tax returns.
Most of the cases affected by the ruling are
"believed to be protected from the statute of limita-
tions by claims already presented in some form or
other and the simple amendment of the claim already
filed was said to be all that is necessary to make it
apply to the taxes collected under the previous bu-
reau practice.
ADVICE TO GOLFERS.
A final notice from the tournament committee
of the Piano Trade Golf Association directs atten-
tion to the train service in getting to the Sea View
Golf Club, Absecon, N. J. The advice is: Buy your
ticket at Absecon, N. J., unless you want to go direct
to Atlantic City. Sunday, May 20th—trains stopping
at Absecon. Leave Penna. Station, New York City,
9:05 A. M., Arrive 12.03 P. M. Leave Broad Street
Station, Philadelphia, Penna., 8:45 A. M., arrive 9:59
A. M. Leave Market Street Station, Philadelphia,
Penna., 8:04 A. M., arrive 9:09 A. M. Leave Market
Street Station, Philadelphia, Penna., 3:30 P. M.,
arrive 5:33 P. M. (slow train). There is a train leav-
ing Atlantic City at 3:50 P. M. Sunday which arrives
at Absecon at 4:01 P. M. Those traveling from New
York could take train leaving Penna. Station at 11:00
A. M. for Atlantic City and connect with this local to
Absecon. The 9:05 A. M. train, however, is the best
as this is a through train direct to Absecon, whereas
in taking the 11:00 A. M. train, you would have to
change at North Philadelphia and then again at
Atlantic City.
Taxes aggregating many millions of dollars will
have to be refunded by the Treasury as a result of
a decision made public on May 11 by Commissioner
Blair of the internal revenue bureau, declaring cer-
tain kinds of corporation dividends exempt from
taxation as income.
The refunds will come from claims filed under an
amendment to the tax regulations covering distribu-
tions out of earnings or profits by holding corpora-
tions accumulated prior to March 1, 1913.
The ruling reverses the previous practice of the
bureau which has held that profits or earnings
turned in by a corporation to its holding or parent
corporation, lost their identity and therefore when
distributed as dividends were taxable as income. Now,
however, the bureau will trace the funds created by
the subsidiary company through the holding corpo-
Paul C. Cagle, new retail manager in Chicago for
ration finally to the stockholder whom, the decision the Story & Clark Piano Co., has had a wide experi-
holds, need not pay tax on it.
ence in the southwestern piano trade.
Limitation is made, however, on the distribution of
such earnings by the ruling which adds to the pre-
vious regulation the following language:
"Whenever one corporation has received from
another corporation distributions out of earnings or
profits accumulated by such other corporation prior
to March 1, 1913, or out of increase in value of its
property accrued prior to March 1, 1913, and the
receiving corporation, after having first distributed
all of its earnings, and profits accumulated since
HIGH GRADE
Folding Organs
School Organs
Practice Keyboards
Dealers' Attention Solicited
A. L. WHITE MFG. CO.
215 Englewood Ave. t CHICAGO, ILL.
PIONEER SCHOOL FO PIANO MEN
Tint I/'C
in
its 20-year
In it's
Xfy
JrUijlV 3 II with upwards of
Manufactured by
The Operators Piano Co.
16 to 22 South Peoria St.
CHICAGO
In Three Parts:
1. Instruments of Established
Names and Character.
2. Instruments that bear Spe-
cial Names or Trade Marks.
3. Manufacturers of Pianos
and Player-Pianos with Chap-
ters on Piano Building and Buy-
ing designed for the guidance
of prospective purchasers.
Facsimile Fall-
board Names of Leading Pianos
and Player-Pianos in Colors
Revised
Tiny Coinola
THE SMALLEST
KEYLESS
MAKERS
AOOI3.ESS
COURTHOUSE SQ.
VALPARAISO. IND.
Piano ^layer-Piano and Organ Tuning, Repairing, Regula-
thif
A Voicing.
Bett q
equipped
g
p p school in the U. S.
DSJ
d and
d positions
i i secured.
d Private
ri and
d class
l
p
awarded
ins4r»"tions. both sexe*.
Sekovl all th* yar.
Ithw trafd imtttogu— r»m.
FOLK'S SCHOOL OF TUNING, VALPARAISO. IND
Annually
NO PIANO DEALER OR SALESMAN
CAN AFFORD TO BE WITHOUT IT.
IF YOU DON'T CONSULT "PRESTO
BUYERS' GUIDE" YOU ARE MISSING
OPPORTUNITIES- GET IT NOW.
Give a copy to each of your salesmen.
Price 50 cents per copy.
PRESTO PUBLISHING CO.
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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