Music Trade Review

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THE MUSIC TRADE REVIEW
POINTS ABOUT CREDITORS' MEETINGS.
LOOK AND LISTEN
Some Reasons Why Creditors Should Pay More At-
Yes, look at it and sec an organ artistically made of the best materials and with the
tention to the Preliminary Meetings Before the
perienced workmen. Look
Bankruptcy Referees—The Lack of Bookkeep- greatest skill of the most ex-
ing a Vital Issue in Adjustment—Dealers Should it all over, from pedals to
music rack, and it's just the
be Compelled to Keep Books Even if in an
the look pleased you, how
same. But listen! A h , if
Elementary Way.
yet* it iin't strange that
much more the tone? And
An important duty that devolves upon
should result in the sweet-
creditors is their attendance at meetings held fifty years of voicing reeds
and dearer with each new
before the referees in bankruptcy. Our ex- toned Estey, ever sweeter
perience so far indicates that unless creditors instrument that comes from the factory, else what were the uses of experience?
SEND FOR CATALOGUE.
have some knowledge of the antecedents of
the bankrupt, such as having received from ESTEY ORGAN CO., -
- Brattleboro, Vt.
him a statement of his financial condition
established
within a reasonable time before his failure,
or have a personal knowledge of assets
1849.
which have not been scheduled, the time
spent in attending such meetings will, in
Finest tone, best
most cases, prove to be wasted. If, how- worK and
ever, any creditor has any such knowledge,
material.
it would materially assist the attorneys con-
PRICES MODERATE AND TERMS REASONABLE.
72,000 MADE AND IN USE.
ducting the examination for him to give
EVERV INSTRUMENT FULLY WARRANTED.
them such information as he can. Any cred-
ILLUSTRATED CATALOGUE FREE.
itor having such knowledge can, without nec-
essarily acting in concert with other cred-
itors, materially assist in a rigid enforce-
ment of the bankrupt act by attending the 110 BOYLSTON STREET, BOSTON.
207 WABASH AVENUE, CHICAGO.
first meeting at which the bankrupt will be
Pianos Win Friends
examined. He will soon ascertain which of
For the Dealer
the attorneys intend to take an active inter-
C. KURTZMANN est in the bankrupt's examination, and he
Factory, 526 to 536 Niagara St., Buffalo, N. Y.
will doubtless find that they are not only
willing, but glad, to receive some sugges-
Manufacturers and
tions from some one having a knowledge of
• t Importers of . • .
the bankrupt's affairs. It must be admitted
that in a large majority of cases the exam-
inations are conducted without any definite
4 and 6 "WEST 15th STREET
purpose, and, consequently, in most in-
I O Iv ft.
• • • N
stances, are barren of results. This unfor- Will be pleased to send goods on selection at any time
tunate outcome of one of the best features
The name of Mathushek has been before t h e
of the bankruptcy act is due, not so much
public
for half a century and is identified with
to the lack of knowledge in the attorneys
the manufacture of instruments of high grade.
conducting the examination, as to the fail-
ure of the bankrupt to keep proper books of
It pays to handle a well-known name. T h e
account. The absence of such books is par-
demand for the Mathushek & Son piano is
ticularly noticeable in cases where there are
growing all t h e time. I t isn't necessary to
good reasons to suspect fraud, and especially
ask why
why ? ? You
You know!
k n o w ! : : : : :
ask
where the business done by the supposedly
of acknowledged eminence.
fraudulent bankrupt is not so large that it
Instruments that
would render the failure to keep books of
dealers should become
1567 6 1569 Broadway, cor. 47th St., New York.
account absolutely unexplainable. In cases
acquainted with.
of this character, attorneys of experience
FRANC IS
have usually found that the bankrupt's mem-
The Right
Are Built to
ory of the gross amount of business trans-
Satisfy a
Piano
acted, to say nothing of such details as those
Critical
at the
of receipts, and disbursements, including per-
Trade
Right Price
sonal expenses, wages and rent, is singular-
PIANOS
ly deficient.
Ware rooms:
Factory Address:
EMERSON
PIANOS.
EMERSON PIANO CO.
KURTZMANN
F. B. BURNS & CO.
P i a n o Scarfs a n d C o v e r s
MATHUSHEK&
SON PIANO
The Mathushek 6 Son Piano Co.
CONNOR
The greatest obstacle in eliciting anything
more than facts which might create suspi-
cion in the mind of the referee in court, but
ordinarily nothing more substantial, is large-
ly due to the difficulty of finding a start-
ing point from which to begin the exami-
nation. In other words, without books of
account in which are kept at least a fairly
accurate record of the bankrupt's business
transactions, including his ledger accounts
with his creditors as well as his debtors
(and it may be remarked parenthetically that
most -of the small bankrupts are careful to
keep accounts with their debtors, but rarely
with their creditors), and with no inventory
of stock taken for perhaps two or three years
preceding the bankrupt's failure, the exam-
134th St. and Trinity Ave., So. Boulevard
East 42d St., NEW YORK
CAPACITY
THREE
HUNDRED
PIANOS
PER MONTH.
HIGH
GRADE
AT
MODERATE
PRICE.
ESTABLISHED IN NEW YORK 1 8 » 6 .
I.\ CHICAfiO 1SH6.
ORGANIZED AND INCORPORATED
J \ \ l AKY 1NOM.
I Factory at Riverview, 111. - - SCHAEFFER PIANO MFG. CO., - - Office, 215 Vabash Avenue, Chicago.
HIGH SRADE PIANOTOQIS,
HAMMACHER.5CHLEMMER&C?
209 Bowery, N. Y.