Presto

Issue: 1923 1921

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/
PRESTO
May 19, 1923
THE PRESTO'S WANT ADVS.
SUPERINTENDENT WANTED.
Superintendent wanted to manage large piano plant.
State age and experience. Also salary desired. Must
furnish best references as to character and ability.
Address "Large Plant," Box 3, care PRESTO, Chi-
cago.
SUPERINTENDENT WANTED.
High-grade, nationally known, middle west
piano manufacturer has opening for capable,
well informed, all around factory superintend-
ent. Prefer man now employed and already a
demonstrated success, both technically and in
the handling of men and material. Permanent
position. Redies received in strict confidence.
Address P. 6. Box 243, Newport, Ky.
S A L E S M A N A N D MANAGER.
POSITION W A N T E D — B y expert record salesman, capa-
ble of taking charge of record department. Long ex-
perience in selling music rolls and records. Address
G. Edward Lind, 1814 W . North Ave., Chicago.
BUSINESS O P P O R T U N I T Y .
Great opportunity for some piano salesman who wishes
to purchase an old established piano business in one
of the best cities of the Middle West. The stock of
the concern consists of pianos, player pianos, phono-
graphs and small goods, and will invoice from $8,000
to $10,000. Firm owns the building and will require
only a very reasonable rent. $2,000 cash will handle
the deal, and balance can be taken care of In month-
ly payments. If interested, address "Reasonable,"
Box 12, care of PRESTO, Chicago.
CITY SALESMEN W A N T E D .
Several live salesmen can find opportunity in a profitable
and attractive branch of the retail business by ad-
dressing the Lindenberg Piano Co., Columbus, Ohio.
SALESMAN W A N T E D .
We have an exceptional opportunity for two live-wire
piano salesmen on a salary and commission propo-
sition. Producers can make big money. Address The
Baldwin Piano Company of Indiana, 18 N. Pennsyl-
vania St., Indianapolis, i n d .
W I L L BUY RECORDS.
Will buy Blue Amberol Cylinder records if in good con-
dition, in lots of 50 to 500. Write, describing what
you have and your lowest cash price. Can use Ger-
man or other foreign records. William A . Ritt, St.
Peter, Minn.
ROAD POSITION W A N T E D .
Piano mah with many years of factory experience in all
branches of piano making; expert player man and of
most makes of electrically operated instruments; also
experience in selling, wishes position on the road.
Prefer Pacific Coast territory. Will give any refer-
ences desired. Address "Pacific," Box 11, PRESTO
Office, Chicago.
COLD IVORY G L U E .
W A N T E D — T u n e r s and repair men to try our Special
White Ivory Glue. Only glue on the market that can
be used cold. Harlem Piano & Organ Key Co. Price,
$1.00 can, postpaid, In the U. S.
T W E N T Y USED PIANOS
which have not yet passed through our repair shop.
Offered at low prices to dealers. Range $30 to $50.
All woods included. Address replies to "Ft. J. C , "
Cable Piano Company, Chicago, III.
TUNER WANTED.
Tuner and player repairman wants permanent position
with music house or in factory where advancement
is possible. 25 years of age. Steady and reliable. Best
of references. Address "Tuner," care PRESTO, Chi-
cago.
A BUSINESS O P E N I N G .
Here's your opportunity, Mi»ter Live Dealer: — Des
Moines, Iowa, location, center of piano district, avail-
able for Immediate possession. Very moderate rent-
al. Going small goods and sheet music business con-
ducted separately in connection. Prestige of retail
business of over 30 years' standing. Backed by man-
ufacturer who will extend liberal financing arrange-
ment. The Baldwin Piano Co., 323 S. Wabash Ave.,
Chicago, III.
T R A V E L I N G POSITION W A N T E D
By a salesman of thirty years' experience In both retail
and wholesale work. Employed at present, but will
take a position where promotion and a future is
ahead. Can furnish proof of ability, good character
and integrity. Especially acquainted in the South and
prefer that territory. Address " J . R. P.," Box 11,
PRESTO Office. Chlca5« :
IS T H I S YOUR Y O U N G MAN?
There's a young man in Port Huron who wants to be-
come connected with a manufacturer that has a real
instrument to sell, like Brunswicki Victor, Vocalion,
or with a firm that offers real service, like Guloran-
sen, Tonk, Q. R. S. or U. S. Roll Co. Briefly, his
specifications are: 25 years old; 2 years' selling expe-
rience in the music industry; 2 years' selling adver-
tising; 1 year selling specialty; has managed crews
and done hard work in general. One man under
.
whom he worked for a year and a half has writ-
ten:
" H e has demonstrated his integrity, energy,
persistence, and loyalty to a degree thai means mucn
for the future. "His present salary is $35 per week.
He will leave Port Huron any time. The oppor-
tunity he is looking for is an exceptional one, but
he believes he is that kind of a young man. Address
T . M., Box 16, Presto office.
TUNER WANTED.
W A N T E D — A competent piano tuner and player repair
man, for city and shop work, in Middle West city.
In answering state experience and salary expected.
Address "Shop Work," Box 3, PRESTO Office, Chi-
cago.
FLOOR S A L E S M A N .
Position wanted by A1 salesman as salesmanager or floor
man; eighteen years' successful experience; will go
anywhere; at present floor salesman for large middle
west house; A1 references. Address "Floor Sales-
man," care PRESTO, Chicago.
E L E C T R I C PIANO BARGAINS.
FOR SALE OR E X C H A N G E — One Wurlitzer electric
coin piano, one Coinola electric piano, each having
a keyboard that can be played by hand also. Will
sell right, or exchange on other musical instruments.
These instruments are new. What have you to offer?
Write Nace's Music Stores, Inc., Hanover, Pa.
"Built en Family
Doll & Sons
I
T U N E R S A N D REPAIR M E N .
W A N T E D — Tuners, repair men and dealers to save
money by sending their key-work to Harlem Piano &
Repr«*«nt the Artistic
In Piano and Player Piano
Construction
SPECIAL PIANO OUTLET.
An expert piano man is prepared to
receive propositions for the sale of instru-
ments in quantities. Has buyers waiting
and can place shipments at once.
Manufacturers who have surplus sup-
plies or who want to move their prod-
uct quickly for cash, are invited to cor-
respond.
All communications confidential.
Address: Cash Sales, Box 11, Presto
Office, Chicago.
JACOB DOLL & SONS
STODART
WELLSMORE
Jacob Doll & Sons, Inc.
Lieut. William H. Santelman to Pick Winners in
Tournament During Convention Week.
Lieutenant William H. Santelman, leader of the
United States Marine Band at Washington, will be
the chief judge in the national school band tourna-
ment to be held in Chicago during convention week
at the Drake Hotel. He will have other judges
assist him, hut he will be the court of last resort in
deciding the winners. Six thousand dollars in prizes
will he awarded to the successful bands. The com-
petition will take place in Grant Park.
In a letter received by Patrick Henry recently
Lieut. Santelman said:
1 consider the Schools Band Contest, which is to
be held under the auspices of the Music Industries
Chamber of Commerce of the United States in Chi-
.:a;^o ihe first week of June, a very commendable
move fnr the encourage ment of military band music.'
T am sorry, however, that the affair just happened to
come dur'ng the week when the Shriners are holding
their convention in this city, but, owing to its un-
questionable importance, of the influence in further-
ing and encouraging the efforts made by the schools
throughout the country to make music a major sub-
ject in their curriculum, I consider it a duty to
forego-the pleasure of seeing the greatest gathering
of people Washington has ever witnessed and accept
your invitation to act as a judge in your contest.
- I do not as yet know the exact itinerary, but I
suppose arriving in Chicago the evening of June 3rd
will he amp'c time.
The business of the late C. A. Liebrandt, music
dealer, Cameron, Mo., will be continued by his widow
and sou.
EVERY MAN. WHETHER
Directly or Indirectly Interested in
Pianos, Phonographs or the General
Music Trade
Should have the three booklets compris-
ing
PRESTO TRADE LISTS
No. 1—Directory of the Music Trades—
the Dealers List.
No. 2—The Phonograph Directory—the
Talking Machine List.
No. 3—Directory of the Music Industries
(Manufacturers, Supplies, etc., of
all kinds).
Price, each book, 25 cents-
The three books combined contain the
only complete addresses and classified
lists of all the various depart-
ments of the music indus-
tries and trades.
Choice of these books and also a copy of
the indispensable "Presto Buyer's Guide,"
will be sent free of charge to new sub-
scribers to Presto, the American Music
Trade Weekly, at $2 a year.
You want Presto; you want the Presto
Trade Lists. They cost little and return
much, Why not have them?
Published by I
Presto Publishing Co*
9*uth«rn Boul**ard, E. 133rd St.
£. 184th St. and Cypress Av«.
NEW YORK
STARR
Organ Key Co. See ad. in PRESTO and note prices.
MARINE BAND LEADER
BAND CONTEST JUDGE
407 So. Dearborn St,
CHICAGO, ILL.
j
Pianos and players in the stock of G. W. Gilliard,
J Fostoria, O., were recently damaged in a fire which
i broke out in the basement of the store.
PIANOS
Our new designs are models cf
construction. More thaa fifty designs, a
style for every need at a pries for every purse
PLAYER-PIANOS
Correspondence with dealej > solicited,,
THE STARR PIANO CO
M
i!B
MARR, RICHMOND, TRAYSER
REMINGTON PLAYER-PIANOS
i>i A K * and RICHMOND GRA iO PIANOS
STARR* RICHMOND, TRAYSER at W REMINGTON
PIANOS and PLAYER-Pl KNOS
Factories
RICHMOND. INDIAN
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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