Music Trade Review
Issue: 1898 Vol. 27 N. 4 - Page 7
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THE MUSIC TRADE REVIEW
poetry in battle, and their efforts are those
tending to peace and comfort. In the
midst of danger they stand as representa-
tives of the most peaceful of all vocations,
and after wearisome marches and hard
fighting bring cheer into camp life.
liaines Bros. Affairs.
CREDITORS MEET AND VOTE TO PERMIT THE
CORPORATION TO CONTINUE A SETTLE-
MENT OFFERED ON THE BASIS OF
FIFTY CENTS ON THE DOLLAR.
through some misunderstanding, and that
he was in accord with the sentiment of the
meeting. Thomas Floyd-Jones, president
of the corporation, stands as a creditor for
salary only, and in the event of any com-
promise which may be made with the cred-
itors, he will receive the amount due him
in full.
The meeting was a thoroughly repre-
sentative creditors' meeting. There was
universal sympathy expressed for Haines
Bros., and it is believed that if they are
allowed to continue their business without
imposing upon them any impossible terms,
more will result from the corporation
assets than in any other way. In other
words, the desire of the creditors as ex-
pressed at the meeting was to accept Mr.
Haines' proposition, and the committee
will immediately circulate papers for
creditors' signatures.
It is of the utmost importance that a
speedy adjustment may be arrived at in
connection with Haines Bros, affairs.
Every day that matters remain unsettled
means a further reduction in the value of
the assets. We have no doubt, from the
sentiment expressed to us by the creditors
who were at the meeting, that next week
we shall announce the continuance of the
Haines Bros, business in the manner stated
above.
will begin to make their preparations for
departure.
Mr. Stapleford will assume the manage-
ment of the store immediately, and will
restock the room with as large a line of
musical instruments, sheet music, and
musical sundries as has been carried by
his predecessor.
A Forty Dollar Offer.
The Indicator says: "Two letters were
received at the office of the Indicator last
Monday morning, in each of which the
writers, who are influential dealers in dif-
ferent sections of the country, stated that
they recognized only two music trade
papers, the Indicator in the West and Mu-
sic Trades in the East." While this is
complimentary to Music Trades it is scarce-
ly fair to the Music Trade Review, Mr.
Bill's excellent weekly.—Music Trades.
We simply stated what the two letters
said, that and nothing more. Mr. Bill
and his Music Trade Review are all right,
and should we receive similar letters re-
ferring to Mr. Bill's paper we would give
them space in our columns as freely as we
did the two letters already mentioned.—
The Indicator.
A correct way when names are brought
directly in question is to print the original
documents which refer to them. There-
fore, in order that our contemporary may
prove its assertion, we will agree to send
a paid-up subscription to The Review for
ten years to each of the parties from whom
Claims Commission.
the Indicator alleges it has received let-
Ralph Fassett has commenced action ters in which the statement referred to
against the Chicago Cottage Organ Co. was incorporated. Those letters, brother
for $1,147.99, claimed to be due plaintiff Fox.—Ed. The Review.
:
on sales made between January 1 and
July 1, 1898.
Sum my East.
The action is based on an agreement be-
Clayton F. Summy, the well known
tween plaintiff and the company made
dealer and music publisher of Chicago,
January 1, 1898, by the terms of which
accompanied by his wife and family, has
Fassett was to be paid $125 per month as
been spending a few days in the East. He
manager of its branch house in St. Paul,
was in Boston last Wednesday, in New
known as the Conover Music Co., and a
York Thursday and will visit some towns
commission of ten per cent on the net
in Pennsylvania Friday and to-day, re-
profits realized by the company.
turning to Chicago next week.
The complaint alleged that the net
profits on the sales between January 1,
/
flortgage Recorded.
and July 1, 1898, aggregated $11,479.99,
and he demands judgment for ten per "" Among the notices of recorded mort-
gages Friday appears the following:
cent, of this amount.
Parker. Jennie S., to George F. Johnson, n. w
The Chicago Cottage Organ Co. deny
cor. Alexander av. and i32d St., extends to
Southern Boulevard ; lyrs
#17,000
the existence of a contract which includes
Same to same, s. w. cor. Southern Boulevard and
Alexander ave.; 3 yrs
8,000
commissions. Mr. Fasset has been reliev-
It
will
be
understood
that
the
property
ed of his duties as manager.
referred to is the building now occupied
by the Haines Bros, corporation.
Pursuant to a call issued by the secre-
tary of the committee appointed to inves-
tigate the affairs of Haines Bros., an ad-
journed meeting of the creditors was held
at the factory on 133d street, last Wednes-
day afternoon. Geo. Bothner occupied
the chair.
After the minutes of the previous meet-
ing had been read, the committee com-
posed of George Bothner, Henry Stein,
Thos. Debevoise and George Chevalier,
made its report to the creditors there as-
sembled. The direct liabilities were $36,-
816, contingent liabilities $17,668, nomi-
nal assets $65,385, actual assets $26,526.
After the committee's report had been
read and approved, Chairman Bothner an-
nounced that he would be pleased to hear
any. proposition regarding the future of
the Haines corporation. Mr. Thomas
F4oyd-Jones, the president said that he
had no proposition to offer. Albert M.
Haines, however, said that the Haines
Bros, corporation would make the propo-
sition to its creditors to pay fifty cents on
the dollar of its indebtedness, terms of
payment to run a period of two years
from date; twenty per cent, to be paid in
twelve months, fifteen per cent, in eigh-
teen months, fifteen per cent, in twenty-
four months. Mr. Haines announced
that these would be interest-bearing pay-
ments.
After some discussion some one asked
Mr. Haines if he would be willing, pro-
vided the creditors accepted his offer, to
have a committee appointed who should
have free access to the books of the cor-
poration at any time.
Mr. Haines stated his willingness to ac-
cede to this, and it was so considered that
this was incorporated in his proposition.
It was expected that Mr. Geo. H. John-
son would have a proposition of some sort
Stapleford Purchases.
to make for the creditors. Mr. Johnson
had no definite statement to make. He
[Special to The Review.]
expressed his views to the effect that there
Ft. Wayne, Ind., July 14, 1898.
should be an auction sale of the corpora-
A deal was completed yesterday where-
tion's assets. This, however, was not re- by Mr. H. T. Stapleford became the
ceived by the assembly in any favorable owner and proprietor of the P. Dickinson
way.
Music store, at 92 Calhoun street. Since
The Chair appointed a committee to re- Mr. Dickinson accepted the offer of the
tire and confer regarding the proposition Baldwin Piano Co., to take charge of their
made by Albert M. Haines.
exhibit at the Omaha exposition, it has
Later the proposition of Albert M. been found advisable to withdraw from
Haines as reported above was voted upon, Fort Wayne business circles, with which
each member responding to the call of his he has been identified for years, and to re-
name. There were only three who voted move his family to the exposition city.
in the negative—Geo. H. Johnson, Thomas Mrs. Dickinson and daughter, Miss Ma-
Floyd-Jones and James Abbott. Mr. Ab- mie, will remain in the store for the re-
bott later stated that his vote was cast mainder of this week, after which they
A Fake Agent.
[Special to The Review.]
1
Denver, Col., July 15, 1898.
A fellow giving his name as C. C. Tay-
lor, is working in Denver and creating
havoc with pianos. He claims to be the
representative of a big eastern factory
who is charged with the duty of overhaul-
ing the musical instruments from that fac-
tory and seeing that they are in good
condition.
When Taylor gets through with the
piano the services of a repair man are
needed at once. Complaint has been
made to the manufacturers and a reply
just received states that Taylor has
worked from Maine to Mexico and has
caused trouble all over the country.
THE MUSIC TRADE REVIEW
poetry in battle, and their efforts are those
tending to peace and comfort. In the
midst of danger they stand as representa-
tives of the most peaceful of all vocations,
and after wearisome marches and hard
fighting bring cheer into camp life.
liaines Bros. Affairs.
CREDITORS MEET AND VOTE TO PERMIT THE
CORPORATION TO CONTINUE A SETTLE-
MENT OFFERED ON THE BASIS OF
FIFTY CENTS ON THE DOLLAR.
through some misunderstanding, and that
he was in accord with the sentiment of the
meeting. Thomas Floyd-Jones, president
of the corporation, stands as a creditor for
salary only, and in the event of any com-
promise which may be made with the cred-
itors, he will receive the amount due him
in full.
The meeting was a thoroughly repre-
sentative creditors' meeting. There was
universal sympathy expressed for Haines
Bros., and it is believed that if they are
allowed to continue their business without
imposing upon them any impossible terms,
more will result from the corporation
assets than in any other way. In other
words, the desire of the creditors as ex-
pressed at the meeting was to accept Mr.
Haines' proposition, and the committee
will immediately circulate papers for
creditors' signatures.
It is of the utmost importance that a
speedy adjustment may be arrived at in
connection with Haines Bros, affairs.
Every day that matters remain unsettled
means a further reduction in the value of
the assets. We have no doubt, from the
sentiment expressed to us by the creditors
who were at the meeting, that next week
we shall announce the continuance of the
Haines Bros, business in the manner stated
above.
will begin to make their preparations for
departure.
Mr. Stapleford will assume the manage-
ment of the store immediately, and will
restock the room with as large a line of
musical instruments, sheet music, and
musical sundries as has been carried by
his predecessor.
A Forty Dollar Offer.
The Indicator says: "Two letters were
received at the office of the Indicator last
Monday morning, in each of which the
writers, who are influential dealers in dif-
ferent sections of the country, stated that
they recognized only two music trade
papers, the Indicator in the West and Mu-
sic Trades in the East." While this is
complimentary to Music Trades it is scarce-
ly fair to the Music Trade Review, Mr.
Bill's excellent weekly.—Music Trades.
We simply stated what the two letters
said, that and nothing more. Mr. Bill
and his Music Trade Review are all right,
and should we receive similar letters re-
ferring to Mr. Bill's paper we would give
them space in our columns as freely as we
did the two letters already mentioned.—
The Indicator.
A correct way when names are brought
directly in question is to print the original
documents which refer to them. There-
fore, in order that our contemporary may
prove its assertion, we will agree to send
a paid-up subscription to The Review for
ten years to each of the parties from whom
Claims Commission.
the Indicator alleges it has received let-
Ralph Fassett has commenced action ters in which the statement referred to
against the Chicago Cottage Organ Co. was incorporated. Those letters, brother
for $1,147.99, claimed to be due plaintiff Fox.—Ed. The Review.
:
on sales made between January 1 and
July 1, 1898.
Sum my East.
The action is based on an agreement be-
Clayton F. Summy, the well known
tween plaintiff and the company made
dealer and music publisher of Chicago,
January 1, 1898, by the terms of which
accompanied by his wife and family, has
Fassett was to be paid $125 per month as
been spending a few days in the East. He
manager of its branch house in St. Paul,
was in Boston last Wednesday, in New
known as the Conover Music Co., and a
York Thursday and will visit some towns
commission of ten per cent on the net
in Pennsylvania Friday and to-day, re-
profits realized by the company.
turning to Chicago next week.
The complaint alleged that the net
profits on the sales between January 1,
/
flortgage Recorded.
and July 1, 1898, aggregated $11,479.99,
and he demands judgment for ten per "" Among the notices of recorded mort-
gages Friday appears the following:
cent, of this amount.
Parker. Jennie S., to George F. Johnson, n. w
The Chicago Cottage Organ Co. deny
cor. Alexander av. and i32d St., extends to
Southern Boulevard ; lyrs
#17,000
the existence of a contract which includes
Same to same, s. w. cor. Southern Boulevard and
Alexander ave.; 3 yrs
8,000
commissions. Mr. Fasset has been reliev-
It
will
be
understood
that
the
property
ed of his duties as manager.
referred to is the building now occupied
by the Haines Bros, corporation.
Pursuant to a call issued by the secre-
tary of the committee appointed to inves-
tigate the affairs of Haines Bros., an ad-
journed meeting of the creditors was held
at the factory on 133d street, last Wednes-
day afternoon. Geo. Bothner occupied
the chair.
After the minutes of the previous meet-
ing had been read, the committee com-
posed of George Bothner, Henry Stein,
Thos. Debevoise and George Chevalier,
made its report to the creditors there as-
sembled. The direct liabilities were $36,-
816, contingent liabilities $17,668, nomi-
nal assets $65,385, actual assets $26,526.
After the committee's report had been
read and approved, Chairman Bothner an-
nounced that he would be pleased to hear
any. proposition regarding the future of
the Haines corporation. Mr. Thomas
F4oyd-Jones, the president said that he
had no proposition to offer. Albert M.
Haines, however, said that the Haines
Bros, corporation would make the propo-
sition to its creditors to pay fifty cents on
the dollar of its indebtedness, terms of
payment to run a period of two years
from date; twenty per cent, to be paid in
twelve months, fifteen per cent, in eigh-
teen months, fifteen per cent, in twenty-
four months. Mr. Haines announced
that these would be interest-bearing pay-
ments.
After some discussion some one asked
Mr. Haines if he would be willing, pro-
vided the creditors accepted his offer, to
have a committee appointed who should
have free access to the books of the cor-
poration at any time.
Mr. Haines stated his willingness to ac-
cede to this, and it was so considered that
this was incorporated in his proposition.
It was expected that Mr. Geo. H. John-
son would have a proposition of some sort
Stapleford Purchases.
to make for the creditors. Mr. Johnson
had no definite statement to make. He
[Special to The Review.]
expressed his views to the effect that there
Ft. Wayne, Ind., July 14, 1898.
should be an auction sale of the corpora-
A deal was completed yesterday where-
tion's assets. This, however, was not re- by Mr. H. T. Stapleford became the
ceived by the assembly in any favorable owner and proprietor of the P. Dickinson
way.
Music store, at 92 Calhoun street. Since
The Chair appointed a committee to re- Mr. Dickinson accepted the offer of the
tire and confer regarding the proposition Baldwin Piano Co., to take charge of their
made by Albert M. Haines.
exhibit at the Omaha exposition, it has
Later the proposition of Albert M. been found advisable to withdraw from
Haines as reported above was voted upon, Fort Wayne business circles, with which
each member responding to the call of his he has been identified for years, and to re-
name. There were only three who voted move his family to the exposition city.
in the negative—Geo. H. Johnson, Thomas Mrs. Dickinson and daughter, Miss Ma-
Floyd-Jones and James Abbott. Mr. Ab- mie, will remain in the store for the re-
bott later stated that his vote was cast mainder of this week, after which they
A Fake Agent.
[Special to The Review.]
1
Denver, Col., July 15, 1898.
A fellow giving his name as C. C. Tay-
lor, is working in Denver and creating
havoc with pianos. He claims to be the
representative of a big eastern factory
who is charged with the duty of overhaul-
ing the musical instruments from that fac-
tory and seeing that they are in good
condition.
When Taylor gets through with the
piano the services of a repair man are
needed at once. Complaint has been
made to the manufacturers and a reply
just received states that Taylor has
worked from Maine to Mexico and has
caused trouble all over the country.
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