Music Trade Review

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THE MUSIC TRADE REVIEW
From the Editor's Note Book.
HE visit of the distinguished
body of Latin Americans to
our metropolis brings up the
possibilities of extending our
trade with those rich countries
that lie south of us.
One of the chief obstacles to the exten-
sion of our trade with the South American
republics is to be found in the condition of
the banking interest in those countries.
The great trade operations of those nations
are controlled entirely by foreign influ-
ences, and exchanges are regulated alto-
gether by European bankers. Under this
order of things European manufacturers
who sell their products in the South Amer-
way out of this species of commercial slav-
ery is direct and practical, and would be
enormously profitable. Our trade ex-
changes with South America should be
emancipated from the control of European
capital. This could be done promptly and
effectively by the founding of a great
international American bank, having
branches in New York, Rio Janeiro, Buenos
Ayres and other cities, its operations and
policy to be directed with the purpose of
developing the trade interests of the Ameri-
can republics. Such a scheme would enable
the manufacturers of this country to enter
the South American markets and give
credits as attractive as those now offered by
Yrs.
the Europeans. It would also strengthen
the shipping interest, broaden the benefi-
cent effects of the reciprocity system soon to
be restored, and hasten the commercial in-
dependence of the continent.
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An idea of the volume of business trans-
acted by the Grand Rapids Veneer Works,
Grand Rapids, Mich., and its evolution
from insignificant proportions can be esti-
mated from the following statement of the
amount of logs cut by this concern for the
past ten years.
.
.
.
.
600,936
1,247,383
1,713,232
1,534,189
1,918,645
Yrs.
1892.
1893.
J894.
1895.
iS96.
Feet
. .
. .
. .
...
. .
.
.
.
.
.
2,180,360
2,532,158
3,109,434
4,322,597
4,572,150
Thisis absolutely on native stock and does
not include figured woods. These figures
may seem incredible, but they are taken
from the company's books and are vouched
for by sworn affidavits of the bookkeeper
and Z. Clark Thwing, vice president and
manager.
Z. Clark Thwing, vice president and manager of
the Grand Rapids Veneer Works,being duly sworn,
deposes and says that the above statement is true
in every particular to the best of his knowledge
and belief.
Z. Clark Thwing.
Miner H. Parton, bookkeeper for the Grand
Rapids Veneer Works, being duly sworn deposes
THIS SHOWS THE LOGS PILED IN THE BOOM AT THE GRAND RAPIDS VENEER WORKS.
ican markets enjoy a tremendous advantage
over those of the United States. They are
favored by the banks, and thus, by receiv-
ing better rates of discount and other ac-
commodation, they are enabled to offer
longer credits to the buyers of their goods.
Our interests are wholly dependent upon
the favor of English and German capi-
talists, who control the whole system of
discount and exchange, and thus enable
the manufacturers of the Old World to
monopolize the markets by granting longer
credits to the buyers of their wares. The
Feet
1887
1888. . .
1889. . .
1890. . .
1891. . .
3,000,000
FEET ON HAND.
and says the above figures are correct to his best
knowledge and belief. Sworn and subscribed to
before me this 22nd day of May, 1897.
F. S. Tarney, Notary Public Kent Co., Mich.
M. H. Parton.
It is safe to say that the Grand Rapids
Veneer Works take the lead to-day as the
largest producers of veneers, veneered
panel and dimension stock, pin block maple,
frets, etc., for musical instrument manu-
facturers in the world. No other conclu-
sion is possible from the above figures.
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The action of the Music Publishers' As.