Music Trade Review
Issue: 1898 Vol. 26 N. 26 - Page 22
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
22
THE MUSIC TRADE REVIEW
The Advantage to Retailers of a
Bankruptcy Law.
competition with the man who is trying to
earn a living and pay his debts in full.
Under a Federal law, which would put
BY HENRY A. GLEICK.
such rascals to the rack, the possibility of
The indifference of the average retail competition of this character would be en-
merchant to bankruptcy legislation has tirely wiped out.
always been to me a matter of great sur-
Another reason why the retailer is inter-
prise. It is only another illustration of ested in the passage of an equitable and
the fact that men take very little interest just bankruptcy law is that no man, how-
in affairs in which they are vitally inter- ever strong financially to-day, is secure
ested, except when " such affairs are against the unforeseen, which may occur
brought home to them by a direct demand to-morrow. Under an equitable Federal
upon their pockets. As a fact, no class of bankruptcy law the honest retailer, over-
citizens is so vitally interested in the pas- taken by misfortune, will have a speedy
sage of an equitable and just_ bankruptcy and honorable method of returning to
law as are the merchants in the smaller business and continuing his efforts in the
towns. Although this class of citizens, community.
by reason of its great number, has within
It is a well-known fact that in assign-
it the power to bring enough influence to ment cases it usually happens that there
bear upon Congress to cause it to pass the are one or more rapacious creditors, who,
law, yet no class, as a class, has displayed under existing laws, succeed, when they
so little interest in the measure.
so desire, in keeping a man out of busi-
Every merchant, particularly those do- ness, no matter how honest the debtor
ing business in the smaller towns; every may have been. In any event they are
credit man, every jobber and every manu- able to put upon him the stigma of forc-
facturer knows that one of the greatest ing him to do business in the name of
evils with which the retailer of to-day has somebody else. This, of itself, handicaps
to contend is the rascally dealer who his credit, and indirectly forces him to
leaves his conscience behind him when he pay more for his goods than *he should.
goes to business. A man of this sort These are only a few of the many reasons
starts in with the idea that he is going to that could be cited why the retailer ought to
make money out of his venture by hook or favor the passage of a just bankruptcy
crook, and proposes to feather his nest by bill.
illegitimate as well as by legitimate means.
The Torrey bill, which is now being
He commences by underselling his neigh-
bor at prices against which no legitimate
competition could exist. He does this
ATIONAL MUSICAL
knowingly, and under the existing laws of
most States he has more than ample oppor-
STRING COMPANY,
tunity to reap a rich harvest, regardless
of the price at which he sells.
Manufacturers of
Finally the inevitable crash comes, and
High Grade Musical
with it the foreordained preferences to
members of his family. With these prefer-
Strings, Piano Wire,
ences he can easily manipulate the destiny
Steel and Brass Wire.
of the stock that remains, and he can also
obtain settlement, if he so elects. Accord-
ingly, in a very short time, he is again
NKW BRUNSWICK,
launched upon his career of dishonest
N
urged for passage in Congress, is a bill
that has received the approval of the
broadest-minded men of the country, who
have given the matter of bankruptcy the
attention which it deserves. It is just and
equitable to the last degree. Those who
are entitled to the benefits of its provis-
ions will secure them, while those who are
unworthy and dishonest will be checked.
It's provisions have been very aptly
summed up in a trite phrase: It is a
" square deal " all round. The retailer,
therefore, can do himself no greater ser-
vice than to promptly write to the Con-
gressman for his district and to the Sena-
tors for his State, urging the early passage
of the Torrey bill.
Improves with Age.
A purchaser writing to Messrs. Decker
& vSon, of New York, says: " Some five
years ago it was my good fortune to pur-
chase a piano bearing your name, and its
excellence has recommended it and your
firm, it being at present as good as when
first purchased. More accurately speak-
ing, I am satisfied that, like good wine, it
improves with age. This is fact and ex-
perience, not flattery."
Bahnsen Incorporates.
[Special to The Review.]
St. Louis, Mo., June 10, 1898.
Articles of incorporation were filed in
the office of the Recorder of Deeds yester-
day by the T. Bahnsen Piano Manufactur-
ing Co. The capital stock is $25,000, in
shares of $100 each. Timotheus Bahnsen
has 229 shares; Alvina Bahnsen, 20 shares,
and Alma Morgens 1 share.
The Hampton Place Realty Co. is also
to be incorporated. The capital is $25,000,
in shares of $100 each, fully paid.* James
Axtell and T. J. Flanagan have 100 shares
each, and L. W. Day 50 shares.
N. J .
MEXICAN, AMERICAN and FOREIGN
EWSPAPER ADVERTISING IN THE U N I T E D STATES
A book of two hundred pages, containing a catalogue of
about six thousand newspapers, being all that are credited by the
American Newspaper Directory (December edition for 1897) with
having regular issues of 1,000 copies or more. Also separate
State maps of each and every State of the American Union, nam-
ing those towns only in which th^re are issued newspapers hav-
ing more than 1,000 circulation. This book (issued December 15,
18Q7) will be sent, postage paid, to any address, on receipt of one
dollar. Address The Geo. P. Rowell Advertising Co.,
10 Spruce Street, New York.
N
PATENTS,
TRADEMARKS, ETC.
Reports on Mining and Other Properties.
Proprietors of Weekly Anglo-American,a. first-class Advertising
Medium. Established S Years.
C. H. M. y Agramonte,
PIANOS
WALDORF PIANO CO.
552-554W.29T»ST.
NEW YORK.
CALLE G A N T E No. I I .
P.O. Box 388. Cable Address, "Agra."
City of Mexico, Mexico.
5CHAEFFER PIAN05
Established in New York 1876.
In Chicago, 1886
HIGH GRADE AT MODERATE PRICE
Factory at Riverview, 111.
Capacity, Two Hundred Pianos per month.
Scbacffcr Piano mf& Co.
wfeltsn&ths.
HAMMACHER SCHLEMMER&C
209 Bowery, N. Y
Office, 239-241 Wahash Avenue, Chicago.
Reorganized and Incorporated January, 1898.
LEFAVOUR'S PIANO POLISH.
IT SHINES
IT SHINES
IF YOU WANT T O SEE THE BEST THING ON EARTH, TRY A DOZEN
. BOTTLES, $*.75 BY EXPRESS, OR SEND JOc FOR SMALL SAMPLE. .
Manufactured by W . J. LEFAVOUR, S a l e m , Mass.
22
THE MUSIC TRADE REVIEW
The Advantage to Retailers of a
Bankruptcy Law.
competition with the man who is trying to
earn a living and pay his debts in full.
Under a Federal law, which would put
BY HENRY A. GLEICK.
such rascals to the rack, the possibility of
The indifference of the average retail competition of this character would be en-
merchant to bankruptcy legislation has tirely wiped out.
always been to me a matter of great sur-
Another reason why the retailer is inter-
prise. It is only another illustration of ested in the passage of an equitable and
the fact that men take very little interest just bankruptcy law is that no man, how-
in affairs in which they are vitally inter- ever strong financially to-day, is secure
ested, except when " such affairs are against the unforeseen, which may occur
brought home to them by a direct demand to-morrow. Under an equitable Federal
upon their pockets. As a fact, no class of bankruptcy law the honest retailer, over-
citizens is so vitally interested in the pas- taken by misfortune, will have a speedy
sage of an equitable and just_ bankruptcy and honorable method of returning to
law as are the merchants in the smaller business and continuing his efforts in the
towns. Although this class of citizens, community.
by reason of its great number, has within
It is a well-known fact that in assign-
it the power to bring enough influence to ment cases it usually happens that there
bear upon Congress to cause it to pass the are one or more rapacious creditors, who,
law, yet no class, as a class, has displayed under existing laws, succeed, when they
so little interest in the measure.
so desire, in keeping a man out of busi-
Every merchant, particularly those do- ness, no matter how honest the debtor
ing business in the smaller towns; every may have been. In any event they are
credit man, every jobber and every manu- able to put upon him the stigma of forc-
facturer knows that one of the greatest ing him to do business in the name of
evils with which the retailer of to-day has somebody else. This, of itself, handicaps
to contend is the rascally dealer who his credit, and indirectly forces him to
leaves his conscience behind him when he pay more for his goods than *he should.
goes to business. A man of this sort These are only a few of the many reasons
starts in with the idea that he is going to that could be cited why the retailer ought to
make money out of his venture by hook or favor the passage of a just bankruptcy
crook, and proposes to feather his nest by bill.
illegitimate as well as by legitimate means.
The Torrey bill, which is now being
He commences by underselling his neigh-
bor at prices against which no legitimate
competition could exist. He does this
ATIONAL MUSICAL
knowingly, and under the existing laws of
most States he has more than ample oppor-
STRING COMPANY,
tunity to reap a rich harvest, regardless
of the price at which he sells.
Manufacturers of
Finally the inevitable crash comes, and
High Grade Musical
with it the foreordained preferences to
members of his family. With these prefer-
Strings, Piano Wire,
ences he can easily manipulate the destiny
Steel and Brass Wire.
of the stock that remains, and he can also
obtain settlement, if he so elects. Accord-
ingly, in a very short time, he is again
NKW BRUNSWICK,
launched upon his career of dishonest
N
urged for passage in Congress, is a bill
that has received the approval of the
broadest-minded men of the country, who
have given the matter of bankruptcy the
attention which it deserves. It is just and
equitable to the last degree. Those who
are entitled to the benefits of its provis-
ions will secure them, while those who are
unworthy and dishonest will be checked.
It's provisions have been very aptly
summed up in a trite phrase: It is a
" square deal " all round. The retailer,
therefore, can do himself no greater ser-
vice than to promptly write to the Con-
gressman for his district and to the Sena-
tors for his State, urging the early passage
of the Torrey bill.
Improves with Age.
A purchaser writing to Messrs. Decker
& vSon, of New York, says: " Some five
years ago it was my good fortune to pur-
chase a piano bearing your name, and its
excellence has recommended it and your
firm, it being at present as good as when
first purchased. More accurately speak-
ing, I am satisfied that, like good wine, it
improves with age. This is fact and ex-
perience, not flattery."
Bahnsen Incorporates.
[Special to The Review.]
St. Louis, Mo., June 10, 1898.
Articles of incorporation were filed in
the office of the Recorder of Deeds yester-
day by the T. Bahnsen Piano Manufactur-
ing Co. The capital stock is $25,000, in
shares of $100 each. Timotheus Bahnsen
has 229 shares; Alvina Bahnsen, 20 shares,
and Alma Morgens 1 share.
The Hampton Place Realty Co. is also
to be incorporated. The capital is $25,000,
in shares of $100 each, fully paid.* James
Axtell and T. J. Flanagan have 100 shares
each, and L. W. Day 50 shares.
N. J .
MEXICAN, AMERICAN and FOREIGN
EWSPAPER ADVERTISING IN THE U N I T E D STATES
A book of two hundred pages, containing a catalogue of
about six thousand newspapers, being all that are credited by the
American Newspaper Directory (December edition for 1897) with
having regular issues of 1,000 copies or more. Also separate
State maps of each and every State of the American Union, nam-
ing those towns only in which th^re are issued newspapers hav-
ing more than 1,000 circulation. This book (issued December 15,
18Q7) will be sent, postage paid, to any address, on receipt of one
dollar. Address The Geo. P. Rowell Advertising Co.,
10 Spruce Street, New York.
N
PATENTS,
TRADEMARKS, ETC.
Reports on Mining and Other Properties.
Proprietors of Weekly Anglo-American,a. first-class Advertising
Medium. Established S Years.
C. H. M. y Agramonte,
PIANOS
WALDORF PIANO CO.
552-554W.29T»ST.
NEW YORK.
CALLE G A N T E No. I I .
P.O. Box 388. Cable Address, "Agra."
City of Mexico, Mexico.
5CHAEFFER PIAN05
Established in New York 1876.
In Chicago, 1886
HIGH GRADE AT MODERATE PRICE
Factory at Riverview, 111.
Capacity, Two Hundred Pianos per month.
Scbacffcr Piano mf& Co.
wfeltsn&ths.
HAMMACHER SCHLEMMER&C
209 Bowery, N. Y
Office, 239-241 Wahash Avenue, Chicago.
Reorganized and Incorporated January, 1898.
LEFAVOUR'S PIANO POLISH.
IT SHINES
IT SHINES
IF YOU WANT T O SEE THE BEST THING ON EARTH, TRY A DOZEN
. BOTTLES, $*.75 BY EXPRESS, OR SEND JOc FOR SMALL SAMPLE. .
Manufactured by W . J. LEFAVOUR, S a l e m , Mass.
Future scanning projects are planned by the International Arcade Museum Library (IAML).