Music Trade Review
Issue: 1898 Vol. 27 N. 3 - Page 11
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THE MUSIC TRADE REVIEW
Dolge Affairs.
Conditions With Krakauer.
SCHEDULE OF THE ASSETS AND LIABILITIES
OF ALFRED DOLGE.
WHAT THE RRAKAUER REPRESENTATIVE SAYS
OF THE PRESENT AND FUTURE TRADE
PROSPECTS.
With the County Judge of Fulton
County, there was filed Monday the
schedule of the assets and liabilities of
Alfred Dolge, made by the assignee, Wal-
ter N. Kernan of Utica. The statement
places the individual debts of Mr. Dolge
at $1,117,780.30, and the partnership debts
of A. Dolge & Son at $1,173,057.41. The
nominal value of the assets is given as
$1,830,034.68, and the actual value of the
same as $468,648.97.
Thursday Adrian H. Muller & Co. of
New York, sold at auction on the open Ex-
change, a large block of Dolge securities
that had been pledged as collateral for
loans. Little Falls and Dolgeville Rail-
road first mortgage bonds, bearing six per
cent, interest, to the extent of $75,000,
were sold for thirty-five cents on the dol-
lar.
Another block of railroad bonds
°f $75> OOO > being second mortgage bonds,
was bid in at ten cents on the dollar.
One hundred thousand dollars' worth of
the stock of the same road brought one
mill on the dollar, this big block of stock
being purchased for the lump sum of $100.
A fifty •- thousand dollar life insurance
policy in the Germania Life Insurance
Co., due in 1900, was struck off for $10,-
000.
Another policy in the Equitable Life
Assurance Society, not possessing the
tontine feature, brought $500. A twenty-
thousand-dollar policy in the Manhattan
Life Assurance Society on Mr. Dolge, non-
tontine, brought $500. Two non-tontine
policies of $10,000 each one the lives of
William Dolge and Max Wolf brought ten
dollars each.
Several days ago Alfred Dolge was
brought up on supplemental proceedings
in an action commenced by the Garfield
National Bank of New York, and Village
Attorney John F. Wilson, of Dolgeville,
was appointed referee. Before the day
fixed for the examination a stay was se-
cured by the attorneys for Mr. Dolge, by
the terms of which the referee was re-
strained from conducting the examina-
tion. Later, Judge Keck, of Johnstown,
vacated the stay, and the examination in
supplemental proceedings will go on next
Tuesday before Referee Wilson.
It is
generally supposed that this action is
taken with a view of securing evidence
and setting aside the receivership on sev-
eral grounds, which action was commenced
several weeks ago.
The Daniel Green Shoe Company's plant
of Dolgeville will be sold on July 22 and
the Dolgeville Felt Mills on Aug. 3.
An order has been granted by Judge
Hiscock allowing Receiver Albert J. Evans
of the C. E. Zimmerman Company in
Dolgeville to manufacture or sell stock or
purchase material to make into stock at
the autoharp plant in Dolgeville.
The
firm has a large stock of manufactured
goods on hand.
U. F. Hansberger will, on Monday next,
open a music store at Worthington, Minn.
During The Review's visit to the Kra-
kauer factory on Wednesday, opportunity
was taken to chat briefly with Reinhard
Kochmann, the firm's traveling represen-
tative, concerning the development of the
Krakauer interests throughout the coun-
try, as noted by him when on tour.
"Tell The Review, Mr. Kochmann, if
you will, for the benefit of those who are
interested in the progress of the Krakauer
products, whether, in your opinion, the
merits of the Krakauer instruments are
fully recognized in the most important
cities in progressive states."
" They certainly are. I have made sev-
eral trips in the interests of the Krakauers
since my contract began with them. Each
journey is more pleasing in results than
the one preceding it, and all have been
highly gratifying to me personally.
" There are several reasons for this.
First and foremost, it does one good to
meet with the old-time Krakauer agents,
who have watched the gradual growth of
the firm and remained loyal from the
start. There are many of these, and it is
encouraging to hear their views.
"One man, full of enthusiasm—based on
phenomenal success with the Krakauer—
exclaimed: 'Welcome, my boy, welcome!
While you are in this town you shall want
for nothing. It was a lucky day for me
when, years ago, I took the Krakauer
agency. On its merits I have built up a
big business and it is still growing.'
"Another, in the Middle West, declared
that he had been approached by many
competitors who offered alluring induce-
ments, 'but,' said he, 'I have stood firm
for the Krakauers and have never had a
moment's cause to regret it. When I sell
a Krakauer instrument I know it will
stand any and every test, no matter how
severe. It does me credit, brings me more
customers, and adds one more notch to the
list of Krakauer enthusiasts.'
"Remarks of this kind greeted me at
every stopping place among the well-
established Krakauer agencies. Without
a single exception, I was royally treated
as the firm's representative and made the
bearer of hearty greetings and good
wishes to the members of the Krakauer
house."
" Did you have much difficulty in get-
ting a foothold in new territory?" asked
The Review.
" Not nearly so much as I anticipated,
considering the number of manufacturer's
representatives met with during the trip.
It is more than half the battle when one is
certain that the goods one has to intro-
duce require no apologies, no explana-
tions, no defense. You know I am keep-
ing well within the facts when I say that
the Krakauer pianos are invincible.
" I n nine cases out of every ten, my
record on the road can be summarized in that
famous expression of the warrior who ex-
H
claimed, ' Vent, vidi, vicV—I came, I saw,
I conquered. Naturally, I had to win
now and then against great odds. As in
Shafter's advance on Santiago, there were
fences to break down—often barbed-wire
fences at that—but what is a trocha when
one is fighting in a good cause?
"The victories won are lasting. The
vigorous campaign instituted and carried
on by the firm members and supplemented
during my out-of-town travels, has re-
sulted in the development of the Krakauer
interests until, to-day, there is good repre-
sentation in every section of the United
States. The large cities of the East, mid-
dle West, North-west and South, and
Canada, exclusive of South American and
other outside territory, know the Kra-
kauer, and, according to the returns, as
their knowledge in this direction grows,
so grows their appreciation."
Incorporates the Pianophone Co.
[Special to The Review.]
Charleston, W. Va., July 14th, 1898.
The Pianophone Co., of New York City,
was granted a charter by the Secretary of
State to-day, with a capital stock of $500.
The shares are $10.00 each and are held
by C. W. Youngman, John R. Lowther,
J. L. Schreder, E. G. Botz and M. A.
Jones, all of New York City.
The Tanner Co. Fail.
The R. W. Tanner & Son Manufactur-
ing Co., of Dolgeville, closed its doors on
Saturday, and E. R. Wankel, formerly
business manager of the New York office
of the firm of Alfred Dolge & 'Son, is the
receiver appointed by Judge McLennon in
charge of the industry. The failure is the
result of the assignment of Alfred Dolge
& Son.
About forty operatives were
thrown out of work. The R. W. Tanner
& Son Manufacturing Co. was organized
in 1855 in Albany. A few years ago the
plant was moved to Dolgeville, and a new
company was incorporated with a capital
stock of $28,500.
The Popular Kingsbury Piano.
In the history of piano making and sell-
ing in the West there is nothing on record
to compare with the demand for the
Kingsbury pianos which are made by the
Chicago Cottage Organ Co.
Notwith-
standing the possession of factory facilities
that would seem amply adequate for the
production of a remarkably large number
of instruments, yet the call has been such
that they have been unable to fill in full all
orders reaching them up to date. No
better argument is needed to prove the
superiority of this instrument in its class.
It has given the utmost satisfaction to
dealers and purchasers alike, and this is
the secret of its popularity. The Chicago
Cottage Organ Co. have good reason to
feel proud of the Kingsbury.
This week's Stultz & Bauer report is in-
dicative of steady business. Mr. Golden,
who has just returned from an extended
trip, made many desirable new connec-
tions.
THE MUSIC TRADE REVIEW
Dolge Affairs.
Conditions With Krakauer.
SCHEDULE OF THE ASSETS AND LIABILITIES
OF ALFRED DOLGE.
WHAT THE RRAKAUER REPRESENTATIVE SAYS
OF THE PRESENT AND FUTURE TRADE
PROSPECTS.
With the County Judge of Fulton
County, there was filed Monday the
schedule of the assets and liabilities of
Alfred Dolge, made by the assignee, Wal-
ter N. Kernan of Utica. The statement
places the individual debts of Mr. Dolge
at $1,117,780.30, and the partnership debts
of A. Dolge & Son at $1,173,057.41. The
nominal value of the assets is given as
$1,830,034.68, and the actual value of the
same as $468,648.97.
Thursday Adrian H. Muller & Co. of
New York, sold at auction on the open Ex-
change, a large block of Dolge securities
that had been pledged as collateral for
loans. Little Falls and Dolgeville Rail-
road first mortgage bonds, bearing six per
cent, interest, to the extent of $75,000,
were sold for thirty-five cents on the dol-
lar.
Another block of railroad bonds
°f $75> OOO > being second mortgage bonds,
was bid in at ten cents on the dollar.
One hundred thousand dollars' worth of
the stock of the same road brought one
mill on the dollar, this big block of stock
being purchased for the lump sum of $100.
A fifty •- thousand dollar life insurance
policy in the Germania Life Insurance
Co., due in 1900, was struck off for $10,-
000.
Another policy in the Equitable Life
Assurance Society, not possessing the
tontine feature, brought $500. A twenty-
thousand-dollar policy in the Manhattan
Life Assurance Society on Mr. Dolge, non-
tontine, brought $500. Two non-tontine
policies of $10,000 each one the lives of
William Dolge and Max Wolf brought ten
dollars each.
Several days ago Alfred Dolge was
brought up on supplemental proceedings
in an action commenced by the Garfield
National Bank of New York, and Village
Attorney John F. Wilson, of Dolgeville,
was appointed referee. Before the day
fixed for the examination a stay was se-
cured by the attorneys for Mr. Dolge, by
the terms of which the referee was re-
strained from conducting the examina-
tion. Later, Judge Keck, of Johnstown,
vacated the stay, and the examination in
supplemental proceedings will go on next
Tuesday before Referee Wilson.
It is
generally supposed that this action is
taken with a view of securing evidence
and setting aside the receivership on sev-
eral grounds, which action was commenced
several weeks ago.
The Daniel Green Shoe Company's plant
of Dolgeville will be sold on July 22 and
the Dolgeville Felt Mills on Aug. 3.
An order has been granted by Judge
Hiscock allowing Receiver Albert J. Evans
of the C. E. Zimmerman Company in
Dolgeville to manufacture or sell stock or
purchase material to make into stock at
the autoharp plant in Dolgeville.
The
firm has a large stock of manufactured
goods on hand.
U. F. Hansberger will, on Monday next,
open a music store at Worthington, Minn.
During The Review's visit to the Kra-
kauer factory on Wednesday, opportunity
was taken to chat briefly with Reinhard
Kochmann, the firm's traveling represen-
tative, concerning the development of the
Krakauer interests throughout the coun-
try, as noted by him when on tour.
"Tell The Review, Mr. Kochmann, if
you will, for the benefit of those who are
interested in the progress of the Krakauer
products, whether, in your opinion, the
merits of the Krakauer instruments are
fully recognized in the most important
cities in progressive states."
" They certainly are. I have made sev-
eral trips in the interests of the Krakauers
since my contract began with them. Each
journey is more pleasing in results than
the one preceding it, and all have been
highly gratifying to me personally.
" There are several reasons for this.
First and foremost, it does one good to
meet with the old-time Krakauer agents,
who have watched the gradual growth of
the firm and remained loyal from the
start. There are many of these, and it is
encouraging to hear their views.
"One man, full of enthusiasm—based on
phenomenal success with the Krakauer—
exclaimed: 'Welcome, my boy, welcome!
While you are in this town you shall want
for nothing. It was a lucky day for me
when, years ago, I took the Krakauer
agency. On its merits I have built up a
big business and it is still growing.'
"Another, in the Middle West, declared
that he had been approached by many
competitors who offered alluring induce-
ments, 'but,' said he, 'I have stood firm
for the Krakauers and have never had a
moment's cause to regret it. When I sell
a Krakauer instrument I know it will
stand any and every test, no matter how
severe. It does me credit, brings me more
customers, and adds one more notch to the
list of Krakauer enthusiasts.'
"Remarks of this kind greeted me at
every stopping place among the well-
established Krakauer agencies. Without
a single exception, I was royally treated
as the firm's representative and made the
bearer of hearty greetings and good
wishes to the members of the Krakauer
house."
" Did you have much difficulty in get-
ting a foothold in new territory?" asked
The Review.
" Not nearly so much as I anticipated,
considering the number of manufacturer's
representatives met with during the trip.
It is more than half the battle when one is
certain that the goods one has to intro-
duce require no apologies, no explana-
tions, no defense. You know I am keep-
ing well within the facts when I say that
the Krakauer pianos are invincible.
" I n nine cases out of every ten, my
record on the road can be summarized in that
famous expression of the warrior who ex-
H
claimed, ' Vent, vidi, vicV—I came, I saw,
I conquered. Naturally, I had to win
now and then against great odds. As in
Shafter's advance on Santiago, there were
fences to break down—often barbed-wire
fences at that—but what is a trocha when
one is fighting in a good cause?
"The victories won are lasting. The
vigorous campaign instituted and carried
on by the firm members and supplemented
during my out-of-town travels, has re-
sulted in the development of the Krakauer
interests until, to-day, there is good repre-
sentation in every section of the United
States. The large cities of the East, mid-
dle West, North-west and South, and
Canada, exclusive of South American and
other outside territory, know the Kra-
kauer, and, according to the returns, as
their knowledge in this direction grows,
so grows their appreciation."
Incorporates the Pianophone Co.
[Special to The Review.]
Charleston, W. Va., July 14th, 1898.
The Pianophone Co., of New York City,
was granted a charter by the Secretary of
State to-day, with a capital stock of $500.
The shares are $10.00 each and are held
by C. W. Youngman, John R. Lowther,
J. L. Schreder, E. G. Botz and M. A.
Jones, all of New York City.
The Tanner Co. Fail.
The R. W. Tanner & Son Manufactur-
ing Co., of Dolgeville, closed its doors on
Saturday, and E. R. Wankel, formerly
business manager of the New York office
of the firm of Alfred Dolge & 'Son, is the
receiver appointed by Judge McLennon in
charge of the industry. The failure is the
result of the assignment of Alfred Dolge
& Son.
About forty operatives were
thrown out of work. The R. W. Tanner
& Son Manufacturing Co. was organized
in 1855 in Albany. A few years ago the
plant was moved to Dolgeville, and a new
company was incorporated with a capital
stock of $28,500.
The Popular Kingsbury Piano.
In the history of piano making and sell-
ing in the West there is nothing on record
to compare with the demand for the
Kingsbury pianos which are made by the
Chicago Cottage Organ Co.
Notwith-
standing the possession of factory facilities
that would seem amply adequate for the
production of a remarkably large number
of instruments, yet the call has been such
that they have been unable to fill in full all
orders reaching them up to date. No
better argument is needed to prove the
superiority of this instrument in its class.
It has given the utmost satisfaction to
dealers and purchasers alike, and this is
the secret of its popularity. The Chicago
Cottage Organ Co. have good reason to
feel proud of the Kingsbury.
This week's Stultz & Bauer report is in-
dicative of steady business. Mr. Golden,
who has just returned from an extended
trip, made many desirable new connec-
tions.
Future scanning projects are planned by the International Arcade Museum Library (IAML).