PRESTO-TIMES
tributed will be very small and the time of distribu-
tion uncertain, we suggest that you mark off the
remainder of your claim as uncollectible.
The committee, composed of Alfred L. Smith, W.
A. Mennie, E. D. Moore and A. E. MacDougall, re-
Busy St. Louis Piano Man Has Perfected Complete grets that the long time and care used in this liquida-
tion have not resulted in one hundred per cent
System of Operation in Piano Promotion.
dividends, but in view of the adverse conditions pre-
E. A. Kieselhorst, president of the Kieselhorst vailing in the industry during this period, there is
Piano Co., St. Louis, was a visitor to Chicago last considerable satisfaction in knowing that the dividends
week where he visited the offices and factories of the paid were much higher than was expected when the
Gulbransen Co. and the W. W. Kimball Co., the committee assumed control.
pianos of which companies comprise the largest busi-
E. A. KIESELHORST ENDS
SHORT VISIT TO CHICAGO
FIRE DESTROYS STORE
OF BROOK MAYS CO.
Building and Contents at 1005 Elm Street,
Dallas, Tex., Suffer to Estimated
Amount of $40,000.
Fire which started in the work and paint shop of
Brook Mays & Company, 1C0S Elm street, Dallas,
Texas, on March 22, caused a loss to the building and
contents estimated at $40,000. The fire originated
about two o'clock in the morning. Three alarms were
sounded. In spite of the hour hundreds of persons
were attracted to the nre within a short time.
Mr. Brook Mays announced Thursday that busi-
ness would not be materially interrupted, and that as
soon as possible Thursday the place would be open
for business. The building is owned by Mr. Mays
personally.
A number of fine pianos stores on the third floor
were destroyed. Most of the damage on the second
and first floors was caused by smoke and water. Mr.
Mays states that the loss is covered by insurance.
THEIR UMPTIETH REAPPEARANCE
IN USED PIANO SPECIAL SALES
Many Names in Chicago Second Hand Piano Sale
Recalls Old Days in the Industry.
A newspaper advertisement of a "Warehouse Clear-
ly A. KIESELHORST.
ance Sale" of used pianos by Lyon & Healy, Chicago,
ness of the Kieselhorst Piano Co. He cut short his this week was remarkable for the large number of
visit to return to attend the funeral of an aunt, Mrs. pianos, the manufacture of which has been discon-
Charles Davis, widow of Dr. Charles Davis, at Alton. tinued, some for a great many years. Some were
111. While in Chicago Mr. Kieselhorst visited his made at such a remote day, they belong in a museum.
oldest son, Wallace, who has been with the Chicago Here are some of the names:
Morris, Foley & Williams, Decker Bros., Blasius,
branch of the old Boston bond and investment house
Rintelman, Sheraton, King, Thiebes (player), Schurie,
of Lee, Higginson & Co.
Mr. Kieselhorst gives particular attention to the Washburn, Nelson, Wulschner, Mendenhall. Royal,
creation and development of aids to piano promotion Bradford, Camp & Co., Colby.
The instruments of remote manufacture naturally
in his store. He says he is at much pains to avoid
unnecessary action as he is to make the essential ones suggested an acute trade problem to observant piano
as simple is possible. The great fault in ''systems," men—what to do with the immortal piano. The array
lie says, is that in themselves they become more im- prompted the query: How many times since they
portant than the processes they are intended to render first left the factories have the old pianos reappeared
more economical in time and energy. The result of as "used" pianos?
his study of effective and wieldy systems is that he
has evolved a piano sales promotion system that
stands the test of practical use.
REPORT ON AFFAIRS OF
BIDDLE PIANO CO.
MUSIC TRADE NEWS FROM
SOUTHERN INDIANA POINTS
Dealers in Evansville and Other Cities in That Sec-
tion Speak Encouragingly of Sales Prospects.
Music dealers at Evansville and other towns in
Committee Supervising Affairs Since June 16, southern Indiana report a gradual improvement in
trade during March and are looking for a very good
1924, Terminates Its Agreement in State-
volume of business during the summer and fall
ment Issued This Week.
months. Dealers in band instruments say their trade
A committee has been supervising the affairs of the is picking up quite a good deal and they are looking
Biddle Piano Company since June 16, 1924, and al- for the formation of a number of new bands in south-
though at that time it looked as though very little in ern Indiana, southern Illinois and western Kentucky
cash would be real.zed by creditors, the committee during the year.
Henry Hudson, of the Hudson Music Company at
has been able to convert assets into sufficient cash so
that creditors have already received over fifty per cent Boonsville, Ind., has been appointed on some of the
standing committees of the Boonville Kiwanis Club
of the principal with interest.
With the exception of long time piano lease paper, for the coming year.
The grade school, Evansville, Ind., recently has in-
amounting to approximately $5,000, much of which is
of doubtful value, and various minor assets and stalled a large Orthophonic Victrola under the recom-
equities, the only remaining assets arc pledged to mendation of Miss Ruby Riester, Music Instructor.
One hundred Victrolas have been sold for use in
secure claims, which, in the opinion of the committee,
the public schools of Washington county, Indiana.
exceed the value of the pledged assets.
To continue the supervision of the affairs of this
BOOK ON CARRYING CHARGE.
company would not be of any particular further inter-
est to creditors, but would require considerable care
The Bankers-Commercial Security Company, Inc.,
and attention by the members of the committee, which New York, has issued a second edition of "The Car-
the committee thinks is unwarranted. Accordingly, rying Charge," which was printed and distributed to
the committee is releasing its supervision over the the trade last year. The new edition was considered
affairs of this company and terminating the extension necessary, owing to the widespread adoption of the
agreement of June 16, 1924.
carrying charge by the music trade. "The Carrying
The committee will collect as much as it can upon Charge" is in the music industry to stay. What was
the remaining assets above referred to, which are still a pioneer movement when the first edition of this
under its control, and at such time as the liquidation booklet went to press one short year ago, is now an
of them is completed will divide the proceeds pro rata accomplished fact. It is significant that the most
among creditors who subscribed to the extension successful dealers have been among the first to put
agreement. Inasmuch as the amounts to be so dis- the carrying charge into effect.
March 31, 1928
KREITER
The Leading and Most Popular
Pianos and Players
Grands, Players, Uprights and
Reproducing Pianos
The Results of Over Forty Years'
of Experience.
Kreiter Pianos Cover the Entire Line
and no Piano Dealer who tries these m-
struments would supplant them by any
others. A trial will convince.
Kreiter Mfg. Co., Inc.
310-312 W. Water St., Milwaukee, Wis.
Factory: Marinette, Wis.
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
The Heppe, Marcellus and Edouard Jules piano
manufactured by the
HEPPE PIANO COMPANY
are the only pianos In the world with
Three Sounding Boards.
Patented in the United States. Great Britain,
France, Germany and Canada.
Liberal arrangements to responsible agents only.
Main Office. 1117 Chestnut St.
PHILADELPHIA, PA.
The LEADING LINE
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Grand*, Uprights and Players
Finest and most artistic
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construction that can be
made.
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A popular piano at a popular price.
Ovor 70.000 instruments made by thii company are sing-
ing their own praises in all parts of the civilised world.
Write lor catalogues and state on what terms you would
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located in open territory.
WEAVER PIANO CO., Inc.
Factory: TORK, PA.
Established 1870
CHRISTMAN
UPRIGHTS, GRANDS, PLAYERS
AND REPRODUCING PIANOS
THE FAMOUS "STUDIO GRAND"
"The First Touch Tells"
(Reg. U. S. Pat. Off.)
The Original Home of Studio Pianos,
Upright, Players and Grands.
CHRISTMAN PIANO CO., Inc.
597 East 137th Street.
NEW YORK
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