Presto

Issue: 1924 1979

10
PRESTO
HOW CONSIGNMENT
PLAN IS HELPFUL
(Continued from page 3.)
meeting the conditions of their agreement. During
the past ten years, the total uncollectible accounts
of our business has been less than 76/1000 of 1 per
cent of our sales during the same period. Nothing
could speak more eloquently of the success of our
dealers.
It has been a great satisfaction to co-operate with
these dealers. Many of them are now financially
strong and buy outright wothout the necessity of
resorting to any financing except the line of credit
they easily obtain from their local banks. Our part
in their success is one of the rewards that is beyond
all calculation in dollars and cents.
Important Consideration.
In assigning customers' leases or notes to manu-
facturers or to others, whether it be on the consign-
ment plan or any other plan of long-time financing,
it is important that the assignment of customers'
paper have a reservation in it which limits the amount
that may be realized by those to whom the cus-
tomers' paper might be assigned, and assures the
dealer the return to him of his equity in that paper.
This prevents any third party, to whom the paper
might subsequently be reassigned, from claiming
ownership to the entire proceeds from the paper as
an innocent holder for value. Neglect of this im-
portant protection has in the past many times re-
sulted in serious loss to dealers.
In conclusion, the consignment plan is just as good
or just as bad as the people operating it make it. It
is subject to all the abuses you mention in your
article of June 14th. It also offers a splendid oppor-
tunity, when rightly handled by manufacturer and
dealer working together, for the dealer of limited
capital to build a successful, business. More dealers,
starting with small capital, have build up profitable
businesses under the consignment plan than under
any other plan of retail piano financing.
WEAVER PIANO CO., INC.
Walter L. Bond, Treasurer.
FIRST ANNOUNCEMENT OF
STEGER & SONS REMOVAL
Special Sale Advertised in Preparation for Leaving
the Steger Building in Near Future.
It has been understood that it is the purpose of the
Steger & Sons Piano Mfg. Co., to leave the building
which bears its founder's name, at Jackson boulevard
and Wabash avenue, Chicago, and take up new quar-
ters elsewhere. The first published statement ap-
peared in last Sunday's newspapers, in an advertise-
ment of a special sale. An extract is as follows:
SWAN PIANOS
are of the highest grade
t h a t c a n be obtained
through over 50 years of
p r a c t i c a l experience in
piano and organ building,
Illustrations a n d c a t a -
logues of various styles
will be furnished p i a n o
merchants on application
"Important Notice: We must move. The Steger
Building has been sold. Our lease expires in a short
time. We must dispose of at least 200 pianos and
player pianos before July 1st, and we know that only
by cutting prices to the limit can this be accom-
plished. If we do not sell these instruments, it will
be necessary to put them in storage. This, you know,
would mean a big expense in cartage, etc., besides,
probable damage to the instruments."
The history of the house of Steger would read like
a romance. The splendid Steger Building was erected
in 1908, and it was meant to stand as a monument to
the Steger piano. But time, with its inexorable de-
mands upon fate and fortune, changed things. The
death of John V. Steger necessitated the splitting up
of the great estate and the Steger Building went to
other ownership. The future of the Steger piano is
assured, however, by the tenacity of the management
and the powerful impetus of the name and estab-
lished business.
THE CABLE PRODUCTS
PENETRATE TO JAPAN
Letter from Miss Hospers, of the Foreign Mis-
sion Board, at Saga, Tells of Remarkable
"Midget" Upright Qualities.
H. O. Meyers, of the Meyers Music House, Cable
Company dealers in Holland, Mich., has just received
a letter from Miss Hendrine Hospers, who is sta-
tioned in Saga, Japan, in which she praises most
highly a Cable Midget upright which she has been
using. This piano was sold by Mr. Meyers to the
TAXES OF BANKRUPT
PIANO INDUSTRY, $1,700.00
Creditors of the Jackson & Morton Piano Co., Mil-
waukee, Get Final Dividend of 2%.
Payment of the final dividend in the Jackson &
Morton Piano Co., of Milwaukee, matter has been
delayed for the Government to audit the books for
the purpose of ascertaining if there would be any ad-
ditional Federal taxes to pay.
This audit has been made and the taxes amount to
approximately $1,700. The creditors' committee have
withheld sufficient money to pay this tax as soon as
the bill is received from the proper authorities.
This left on hand sufficient money to pay the cred-
itors an additional dividend of 2 per cent, for which
checks were sent this week. This makes a total of
52 per cent paid to the creditors, and there will be
no further dividends.
SELLING CHASE BROS. PIANOS.
Sales Manager Lem Kline, of the Chase-Hackley
Piano Co., of Muskegon, Mich., left this week on
quite an extended trip. He is taking orders for the
high-priced Chase Brothers instruments, in which
he is very successful. Mr. Kline has taken a good
many orders for the artistic grades of that make.
LEROY DOWD MANAGER.
Leroy Dowd is now manager of the Dowd Music
Store, Newark, O., which features the Starr pianos
and players in a spirited way. The firm has hand-
some warerooms in the Arcade Annex.
FORMER MRS. STEINWAY DIES.
Marie Lefebvre, formerly Mrs. Charles Herman
Steinway, widow of the piano manufacturer, died at
her home in Pasadena, Cal., on Wednesday of this
week. She was a native of New York.
CABLE MIDGET IN JAPANESE ROOM.
Foreign Mission Board to aid Miss Hospers in her
work in the Japanese Sunday school at Saga.
Accompanying her letter, Miss Hospers sent a pic-
ture of the Cable Midget upright in the Japanese
room, with its straw mats and sliding paper walls', in
which it is used. She says:
"The Cable Midget came through in perfect con-
dition. It is wonderful and the tone is so sweet.
When I was told that the piano had arrived I rushed
out and there, in front of our door, stood a two-
wheeled cart with that precious piano on it. The
piano has caused me no trouble at all and I am de-
lighted with it. It is a pleasure and a comfort, in
this far away land where we often miss our friends."
Because Cable pianos can stand long trips and in
spite of hardship hold their tone, because they stay
in tune well, they have proven most satisfactory for
foreign distribution.
DEATH OF WALTER A. PUSHEE.
Walter A. Pushee, formerly proprietor of the
"Tone Shop" in the Republic Building, Chicago, died
at his home at 2430 N. Mozart street, that city, on
Tuesday of this • week. Death was sudden. Mr.
Pushee had many friends in the Chicago music trade.
He leaves a widow and two children.
SWAN ORGANS
*\ fla /"V
The tremendous superi-
ority of the SWAN Reed
Organs over all others lies
in the absolute mechanism
and scientific perfection hs>
the bellows action and stop
action, making it the best
value in modern o r g a a
building,
Grand, Upright and Player Pianos
New Haven and New York
Mathushek Piano Manufacturing Co.
S. N. SWAN & SONS, *•»«««««, FREEPORT, I L L
For QUALITY, SATISFACTION and PROFIT
NEWMAN BROTHERS PIANOS
NEWMAN BROS. CO.
Established 1870
June 28, 1924.
Factories, 816 DIX ST., Chicago, III.
A QUALITY PRODUCT
FOR OVER
QUARTER OFA CENTURY
I32nd St. and Alexander Ave.,
NEW YORK CITY
Kincller & Collins
Pianos
52KMW4 W. 4aih S
NEW YORK
Place That Want Ad in The Presto
POOLE
^BOSTON'-
GRAND ANOUPRIGHT 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/
11
PRESTO
June 28, 1924.
THE
W. P. HAINES & COMPANY
DOUBTFUL ADVERTISING, DEAD
EDITORS AND LIVE DOLLARS
A Discussion of Thoughts About "Copy", Mediums and Men That Are
Things of Passing Trade Interest
PIANOS
THE PIANOS OF QUALITY
Three Generations of Piano Makers
All Styles—Ready Sellers
Attractive Prices
GRANDS
REPRODUCING GRANDS
UPRIGHTS and PLAYERS
AVAILABLE TERRITORY OPEN
W. P. HAINES & CO., Inc.
138th St. and Walton Ave.
New York City
The LEADING LINE
WEAVER PIANQS
Orands, Uprights and Players
Finest and most artistic
piano in design, tone and
construction that can be
made.
YORK PIANOS
Upright* and Player Pianoi
A high grade piano of great
vaiue and with charming tone quality.
Livingston Pianos— Upright* and Player Piano*
A popular piano at a popular price.
Over 70,000 instruments made by this company are sing-
inn their own praises in all parts of the civilised world.
Write for catalogues and state on what terms you would
like to deal, and we will makt you a proposition if yen are
located in op*n territory.
WEAVER PIANO CO., Inc.
Factory: YORK, PK.
Established 1870
E. Leins Piano Co.
Makers of Pianos and
Player Pianos That Are
Established L e a d e r s .
Correspondence from. Reliable
Dealers Invited
Factory and Offices, 304 W. 42nd St.
NEW YORK
Prof. Daniel Starch, of the Harvard Business
School, had something to say about advertising re-
cently. It had direct bearing also upon the piano
business, because the professor mentioned the instru-
ments of music in his discourse.
Professor Starch placed the responsibility of re-
turns from advertising more upon the nature of the
"copy" than upon the medium of publicity. He evi-
dently has the right idea about "circulation," as com-
monly understood in business.
He doesn't believe that a two-million or a ten-mil-
lion circulation, of any special kind of publication,
necessarily implies great virtue as an advertising
medium unless the kind of advertising is carefully
considered, and the kind of "copy" given close scru-
tiny.
To advertise a baby's rattle in a scientific paper, or
to exploit pianos in a sporting journal, doesn't appeal
to such a critic as Prof. Starch. Nor to any one
else that thinks at all.
* * *
When "Copy" Condemns Medium.
If returns do not come from an advertisement well
displayed, the thing to do is not to condemn the
paper or to talk about its circulation, or lack of it.
The publication boasting a million circulation may
not bring in a single order that's worth while, as
compared with the cost of the printed display. But
the same advertisement in a paper that appeals direct-
ly to the kind of trade interested in the thing adver-
tised, may start the orders of the carload-lot kind.
And whether in the story paper, or the scientific
journal, or the trade paper, the nature of the adver-
tising must be considered. It must find the paper
read by the kind of readers the advertising addresses.
* * *
It is of peculiar interest here to note what Prof.
Starch says about playerpiano advertising. He be-
lieves that "in a series of fifteen advertisements for
a playerpiano which appeared in a recent campaign,
the best advertisement brought 258 replies, while the
poorest brought only one reply."
Presumably the same publication is in mind, the
only difference being in the phraseology and "dis-
play" of the advertisement. And the professor fur-
ther says:
"The average advertisement appearing in the better
grade mediums has only about half the effectiveness
possessed by the best 10 per cent of the advertise-
ments in those same mediums. Many of the adver-
tisements in publications are only about one-fourth
as effective as the best advertisements appearing in
the same issues."
* * *
Purposeless Pictures.
And all that suggests that possibly the artistic, and
quite expensive, "copy" which has been appearing in
some of the music trade papers may have prompted
the professor's comment. For it must puzzle any
experienced seller of playerpianos to understand how
an isolated portrait of some more or less famous
pianist can influence sales for any reproducing piano.
To merely print a picture of and eccentric pen
sketch of Victor Wittgenstein, for instance, and add
that he is a "distinguished pianist," adding the line
"Knabe Exclusively," may seem to some the essence
of brevity without much wit. It may be of the "do
it now" order of expression, but it can hardly do
any great good, as viewed by the dealers in pianos.
That sort of advertising must come under Prof.
Starch's interpretation of what it is that lacks the
'pull" in publicity campaigns.
* * *
And, equally by way of illustration, is a series of
advertisements, one of which introduces a portrait of
Percy Grainger as having been engaged to "record
exclusively for Duo Art."
If there is anything in that to influence the hard-
working piano dealers, or their salesmen, it would
stump the critical Prof. Starch to find it.
* * *
And so with a lot of pictureful and picturesque ad-
vertising of some of the larger interests in music
trade paper advertising. It is not the kind to apply
to either the trade or the public.
Trade papers are for trade digestion, presumably.
They are primarily designed to sell pianos to the men
whose business it is to sell pianos to the public, or it
is for the purpose of presenting sale-winning sugges-
tions to the distributors of the things musical.
Some Publicity Experts.
There is an army of alert "ad-smiths" at work in
this country. You find them in every tall building in
the great cities. Some of them are efficient. Most of
them are not. And to the former must be charged a
good deal of the piano publicity in which pictures
with much power to either attract the eye or instruct
the mind can be found.
A tine illustration of the former kind—the eye-
catching displays—may be seen in the pages which
appear of the Starr Piano Company's advertising
pages, as they are now appearing, at intervals, in
most of the music trade papers. They are reproduc-
tions of art pictures; the sole purpose is to challenge
the attention that leads to consideration of the text,
and the Starr instruments themselves.
* * *
DEAD TRADE PAPER EDITORS.
A writer from New York City, asking for copies
of Presto containing notices of the death of John
C. Freund, asks: "And can you supply us with
data concerning any other prominent music trade
editors who have died within the past ten years?"
It is a pleasantly solemn privilege to comply with
the request, and in doing it the facetious remark of
the late Marc Blumenberg, of the Musical Courier,
comes to mind.
"Why is it," asked the merry, merry Marc, on
one occasion when he was in conference with his
editorial staff, "that trade paper editors never die?
They seem to live forever!"
* * *
At the time the entire phalanx of the men who
have built up the piano business—on paper—still sur-
vived, with the exception of Wm. M. Thorns, of
the "American Art Journal," which he had inherited
(Continued on page 13.)
WEBSTER PIANOS
Noted for Their Musical Beauty
of Tone and Artistic Style
ATTRACTIVE
The True Test
Factory
Leominster,
Mats.
PRICES
Executive Offices
138th St. and Walton Ave.
New York
Division W. P. HAINES & CO., Inc.
Compare the new Jesse French & Sons Piano
Jesse French & Sons Stvle BB
with any other strictly high grade piano in tone,
touch and general construction, and you will be
convinced at once that t h e y offer the most
exceptional v a l u e s to be found anywhere.
Write today for catalog and prices
"They arc the one best buy on the market"
JESSE FRENCH & SONS PIANO CO.
NEW CASTLE,
INDIANA
WILLIAMS
PIANOS
The policy of the Williams House is and always
has 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.
Will
I AIMS Epworth
" . k e n of PUnos
Willi
o.
WILLI^ITI3
and 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/

Download Page 10: PDF File | Image

Download Page 11 PDF File | Image

Future scanning projects are planned by the International Arcade Museum Library (IAML).

Pro Tip: You can flip pages on the issue easily by using the left and right arrow keys on your keyboard.