Music Trade Review

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE MUSIC TRADE REVIEW
6
creditors are becoming anxious as to the
condition of the other houses.
Assignee Woo.dmansee hopes to be able
to file an inventory showing the assets of
the local house next week. The applica-
tion having been filed for an examination,
EDWARD LYMAN B
it is daily expected that a hearing will be
Editor and Proprietor.
given which without question will open up
a way for a thorough investigation of the
PUBLISHED EVERY SATURDAY
business of Smith & Nixon.
3 East 14th St.. New York
It is believed by many that sensational
SUBSCRIPTION (including postage) United States and
developments
will occur, and certainly the
Canada, $3.00 per year; Foreign Countries, $4.00.
ADVERTISEMENTS, $2.00 per inch, single column, per
Insertion. On quarterly or yearly contracts .• special dis- thanks of the trade are due Messrs. Stein-
count is allowed.
way & Sons for their action with the banks
REMITTANCES, in other than currency form, should
Do made payable to Edward Lyman Bill.
in exposing to light the hidden affairs of
Bnteredat the New York Post Office as Second- C7 NEW YORK, JUNE 6, 1896
"THE BUSINESS MAN'S PAPER.'
#
#
The case of the Sebastian Sommer Piano
Co. against Marc A. Blumenberg for pub-
lishing an alleged libelous article in the
Musical Courier, has been brought up
twice for hearing in the local courts this_
week, but owing, to some legal technicality
was postponed. Another hearing took
place yesterday afternoon at the Jefferson
Market Court , which resulted in another
postponement.
#
#
On June 2d, the Weber-Wheelock affairs
again came up for the settlement of the
matter of a permanent Receiver, and as
we stated last week, the matter would
probably be settled unless there was another
postponement. There was, and postpone-
ment of a week was granted on the ground
that affairs were not in shape for report.
#
#
T
HE Chicago music trade has maintained
an unbroken front thus far.
#
#
There is considerable talk and much
comment relative to the possible action of
the creditors of Smith & Nixon. On May
29th application was made by ten of the
largest banks in Cincinnati, together with
Steinway & Sons, for examination of
Messrs. Crawford, Ebersole & Smith, who
are the stockholders of the assigned corpo-
ration touching the disposition of assets
and other matters in connection with the
assignment.
Such a move shows plainly that the
creditors are dissatisfied with the showing
that is being made, and are in doubt as to
the disposition of the assets.
It is said that the collateral securities
which the assigned corporation have given
are not all good. So far only the Dayton,
Ohio, branch has been appraised, show-
ing a considerable shrinkage, and the
Papers were served last Saturday on
Geo. B. Shearer, the Meloharp Co., by
Alfred Dolge & Son, citing him to appear
at Federal Court, Utica District, to answer
certain complaints relative to infringements
of autoharp patents. In the injunction
suit of the Meloharp Co. versus Alfred
Dolge & Son, which was heard before
Judge Mattice in the Supreme Court last
Saturday, decision was reserved.
#
#
John Davenport, Receiver of the Keller
Bros. & Blight Co., Bridgeport, Conn., has
been granted permission by the courts to
continue the business of the firm. The
time limit for presenting claims was made
four months from June ist.
#
#
Henry K. S. Williams, Receiver for
Gildemeester & Kroeger, announces that
he will submit his statement to the credit-
ors of that concern at the factory on next
Tuesday, at 2 o'clock, for such advisory
action thereon as the creditors may deem
best.
The lively interest manifested by the
business organizations of the country in
the forthcoming national non-partisan com-
mercial tariff conference to be held in
Detroit, Mich., this month, indicates what
a very prominent place the tariff question
occupies in the minds of the mercantile
community.
The main object of the Detroit meeting
is to take such steps as will remove the
tariff question entirely out of the political
field. The purpose is to get Congress to
pass a law defining how the tariff shall be
levied and establish a principle upon
which to base the amount of duty to be
collected. Delegates from manufacturing,
commercial, labor and agricultural organi-
zations will attend, and the whole subject
of tariffs and schedules will be dis-
cussed from a strictly non-partisan stand
point.
It is really doubtful whether anything
substantial in the line of the reform con-
teruplated can be accomplished at this con-
vention. Congress will be very slow to
surrender its authority to levy duties, or
to rob it of some of its importance.
The object, however, is a commendable
one. If tariff legislation could be removed
from the political platform to a court or
commission, it would undoubtedly do away
with a great periodical source of danger to
our commercial prosperity, and prevent
the business interests of the country from
being made year after year the football of
political agitation.
It is significant to note that the .coming
convention—non-partisan, mind you—is
unanimous as to the need of a high tariff
which will provide for the protection of
American labor, and at the same time in-
sure the receipt of sufficient revenue to
cover governmental outlay.
#
#
If we were inclined to be egotistical we
could, like some of our contemporaries,
have weekly the columns of THE MUSIC
TRADE REVIEW interlarded with special
compliments paid by members of the trade
to this publication. In the first place the
reproduction of those statements would be
nauseating to ourselves and offensive to the
good'taste of our readers.
Others blinded by egotism continue to
make compliments a prominent part of
their publications. It is well if one is so
inclined, but we think the real esteem in
which a publication is held is more deeply
emphasized by the patronage which it re-
ceives than in any other way. There is
something satisfying as well as strongly ar-
gumentative in a compliment when it is ac-
companied by liberal business patronage.