August 4, 1923
PRESTO
AMERICAN PHOTO PLAYER
COMPANY'S AFFAIRS
BALDWIN FOR PAVILION
Letters to Creditors of San Francisco Industry
from Creditors' Committee Suggests
Course of Action.
The following communication has been mailed by
J. A. Schiller in charge of the creditors' committee
in the affairs of the American Photo Player Com-
pany, 109 Golden Gate avenue, San Francisco, Calif.,
makers of the "Fotoplayer" and the Robert-Morton
orchestral pipe organ:
"To the Creditors of the American Photo Player
. Company.
"Gentlemen: This company is involved and owes
secured creditors $922,366.46, and unsecured creditors
approximately $450,000.
"The assets of the company consist chiefly of two
plants with the necessary machinery to manufacture
organs and photo players, and raw stock used in the
manufacture of the same, and also some new and
second-hand organs and photo players.
"You can readily understand that if these fac-
tories, together with the machinery and raw mate-
rial usable only for the manufacture of organs and
photo players, and the new and used manufactured
organs and photo players are thrown on the market
and sold at a forced sale, they will bring practically
nothing, and the result will be that creditors will re-
ceive very little upon their claims.
"This also applies to secured creditors, because the
collections of their accounts largely depends upon the
instruments being kept in condition during the period
in which payments are being made, and the cost of
collection would be materially reduced if the company
would continue in business.
"A number of the secured creditors will probably
find their security insufficient to pay them in full,
and for any difference between the amount of their
claim and the value of .their security they will be
entitled to share in the general assets in the same
manner as an unsecured creditor.
"Certified public accountants are making an exam-
ination of the inventories, books and accounts and
will be in position to make a full report within a
week or ten days when the committee appointed at
a meeting of a number of the largest creditors will
submit a plan of reorganization or liquidation; in the
meantime no preferences are being made and the
assets are being conserved for the benefit of all the
creditors. Respectfully,
"J. A. G. SCHILLER, in Charge for the
Creditors' Committee.
"July 24, 1923."
PONTIAC PAVILION IN COURSE OF CONSTRUCTION
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TITLE OF NEW STRAUBE
BOOKLET TELLS STORY
"Not One in a Million," Issued by Straube
Piano Co., Describes Satisfaction with
Pendulum Valve.
"Not One in a Million" is the title of an attractive
little circular just gotten out by the Straube Piano
Company, Hammond, Ind. The circular gets its
title from the fact that the Straube Company has in-
stalled almost a million of the famous Patented Pen-
dulum Valves in playerpianos since patents were
granted about ten years ago without a single com-
plaint having been registered either with the com-
pany or with a dealer handling Straube instruments.
The circular tells this story in an attractive and con-
vincing manner, adding that the Straube Valve has
been subjected to the most rigid climatic tests and
has never failed to perform perfectly. The circular
says:
"Since patents were granted about ten years ago,
the Straube Piano Company, at Hammond, Indiana,
has installed almost a million of its pendulum valves
in playerpianos. And to this date not a single valve
complaint has been registered either with a Straube
dealer or with the Company.
"This information is of particular interest at a time
when the thorough dependability of Straube instru-
ments is being widely heralded through mediums with
world wide circulation. It is an excellent example
of performance with which to back up the contention
of the Straube Company that its players are in a
class by themselves.
"As some indication of the general interest which
is being manifested from all quarters in the Straube
pendulum valve, the company reports that dealers
and tuners have sent in hundreds of inquiries within
the last six months, wanting to know whether the
Straube valve actually eliminates all possibility of
friction and corrosion. Particularly noticeable have
been the inquiries from dealers in climates where the
ordinary valve succumbs within an average period of
BALDWIN PIANO ON BAND STAND AT POTNIAC PAVILION.
A Baldwin Grand, Style "K," made by the Baldwin
Piano Co., Cincinnati, has been chosen for the new
Dreamland Dance Pavilion, Pontiac, 111. The rich,
sonorous, tone quality of the Baldwin Grand was
known to the proprietor, Mr. Chattin, an experienced
and successful promoter of places of entertainment.
When he came to select the equipment of his new
pavilion he had no hesitation in selecting the Bald-
win instrument.
The people of Pontiac, 111., will have a splendid
a few years. In addition to these dealer inquiries,
many owners of player pianos in these destructive
climates have written to learn something about the
Straube valve.
"The Straube Company feels that its pendulum
valve, which is known as the heart of the famous
Artnonome player action, is one of the really distinc-
tive features known to the industry, and that it is
an unquestionable guarantee of dependability and
satisfaction."
ITALIAN PIANOS.
In the recent fair in Italy the pianos of the Fab-
brica Italiana Pianofo'rti attracted a good deal of at-
tention, says the Sole. This firm exhibited a har-
monium-Organ and according to the journal named
"has combined the maximum of technical perfection
and artistic execution in the production of its piano-
fortes, autopianos and harmoniums, and is able to
compete with the most renowned foreign houses. It
exhibited with distinction at the Rio exhibition. It
is contributing its fair share to the emancipation of
Italy from foreign makers of this class of musical
instrument."
place of entertainment when the new dance pavilion,
Dreamland, is completed. It will be the largest and
the finest dance pavilion in central Illinois, covering
ninety-eight hundred feet of floor space. The loca-
tion of the Dreamland is ideal, being on a new asphalt
road a short distance from the center of the town.
The floor will have a smooth, glossy finish produced
by a new process of dance hall floor laying. The or-
chestra stand will be in the center of the floor, and
will be elevated about three feet.
A HOPEFUL SIGN.
The increasing number of inquiries being received
by the Bureau of Foreign and Domestic Commerce
regarding foreign advertising- campaigns, methods,
and media is a gratifying indication of the growing
tendency on the part of American exporters to de-
velop their foreign trade intensively and carefully.
With the return of keen competition between the
manufacturing nations for the supplying of importing
markets, it is particularly essential that American for-
eign trade be built upon the careful testing of each
market and the convincing of individual foreign buy-
ers that American concerns offer superior quality and
service.
OPENS GOSHEN BRANCH.
Wilbur Templin, of Elkhart, has leased the busi-
ness room formerly occupied by the Goshen Gas
Co., on S. Main street, Goshen, Ind., and will open
a music store there this week. The store has been
remodeled to suit the purposes of this progressive
dealer and the decorations now being completed are
in accordance with the well-known tasteful charac-
ter of Templin stores.
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