Music Trade Review
Issue: 1902 Vol. 34 N. 12 - Page 5
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THEnri/triir
WALVIL?"
V O L XXXIV. N o . 12. PublisHed Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, March 22,1902. SINGLE cbp?Bs, Y fo A cENT
A NATIONAL CORPORATION ACT.
INSTALLMENT BILL IS DEAD.
The piano dealers of Baltimore, as well
The Suggestions Made by James B. Dill at the
Recent Meeting of the Economic Society of as those of Maryland generally, are making
Harvard University Will Be Found Interesting. an active fight against a bill which has been
At the recent meeting of the Economic introduced in the State Legislature to have
Society of Harvard University, James B. all installment agreements recorded as chat-
Dill developed some ideas toward a crystal- tel mortgages. The bill is now before the
lization of his plans for a federal corpora- Judiciary Committee, and we understand
tion law. His proposal is unique and de- that they have reported unfavorably on it,
mands thoughtful consideration. Mr. Dill hence it will be pigeonholed unless it is
brought up in another form. We hardly
outlines his scheme as follows:
"i. It should be optional, as in the case think this likely, as there is no demand for
of the National Banking act, leaving corpor- such a law either in the piano or furniture
:
ations free to organize under State acts if trades.
they choose.
NOT NEW IN THE PIANO TRADE.
"2. It should deny the name 'national' to
"A Broadway florist makes a practice of
any but national corporations, compelling
other corporations who assume that title to pinning a 'Sold* tag upon his finest flowers,
leaving them in plain view of customers
change it.
"3. National corporations should have while they are awaiting their turn to be de-
freedom from State supervision and should livered. These tags have a psychic effect up-
be subjected to taxation by the State only on sales, he claims, for human nature has a
to the amount of property actually in the love of buying what some one else has set
State, and then upon the same basis as an the seal of approval upon—especially if that
some one else's name is in the blue book, as
individual.
is
the case with his chief customers. The
''4. A national corporation should possess
same
plan would doubtless bring results in
in every State all the immunities and com-
other
lines,
though as a rule it would be wise
mercial privileges guaranteed to natural per-
sons by the Constitution of the United States to use it only with high-class goods."
•
•
•
*
*
*
*
*
and of the several States.
This is from Printers' Ink, and we may
"5. It should be protected from State at- say the "sold" tag'scheme is not unknown to
tack to the same extent that the national our brethren in the piano field. The experience
banks are—viz., it should not be subject to of the piano man coincide with the Broadway
attachment or other provisonal limitations florist in the psychic effect the "sold" tag has
which prevail in any State against nonresi- in promoting sales. We agree with our con-
dents—that is to say, being a United States temporary that it would be unwise to use it
corporation, it should be a citizen of the only with high-class goods. It requires high-
United States and a citizen of each State, to grade men and high-grade pianos to utilize
the extent that it has all rights of citizens as it advantageously.
to attacks in the courts.
A BUSINESS CHANGE.
"6. The national corporation should be
subject to national supervision and examina-
The firm of Fillmore Bros, has been incor-
tion, and should require at least private pub- porated under the laws of Ohio with a cap-
licity, which would ultimately result in pub- ital stock of $75,000, and is now the Fillmore
Bros. Co. J. H. Fillmore retains a control-
lic publicity.
"7. An annual report should be made by ling interest in the business, and is president.
the corporation, showing the taxing situs of L. C. Fillmore is secretary and treasurer,
all its property. Such information should be and W. W. Warwick is vice-president and
collated by some Federal authority and fur- business manager. These three officers, with
nished to the taxing officers of the various Chas. M. Fillmore and Frank B. Warwick,
States, in order that the corporation might compose the board of directors. Fred A.
be justly and correctly taxed.
Fillmore is also interested in the new com-
"8. A national corporation should pay pany. No change is contemplated in the
local taxes upon all its property. Its stock established music publishing business of Fill-
in the hands of stockholders should be more Bros. The Cincinnati house has, how-
exempt from taxation of every nature."
ever, been removed to new and larger quar-
Fred Engelhardt, of Roth & Engelhardt, ters at 419 & 421 Elm street. The Eastern
has been selected as president of the village branch remains at 40 Bible House, New
York.
of St. Johnsville, N. Y,'
THE "NEW CENTURY^PIANO CO."
[Special to The Review.]
Minneapolis, Minn., March 17, 1902.
Articles of incorporation of the New Cen-
tury Piano company of Minneapolis were
filed Saturday with the secretary of State.
The incorporators are: M. A. Paulson, presi-
dent ; George L. Matchan, vice-president, and
James W. Nash, secretary and treasurer.
The capital stock is $50,000. The company
has not finally decided upon the location of
its warerooms.
A MILWAUKEE INCORPORATION.
[Special to The Review]
Madison, Mis., March 17, 1902.
The U. T. D. Music Company of Mil-
waukee, with a capital stock of $20,000, filed
articles of incorporation with Secretary of
State Froehlich Saturday. The incorpora-
tors are F. E. Schaad, H. G. Tourtelotte and
F. L. Ford.
THE COLBY PIANO IN NEW YORK.
During the recent visit to New York of
Geo. F. Diehl, president, treasurer and gen-
eral manager of the Colby Piano Co., Erie,
Pa., he placed the agency for the Colby
piano for New York and vicinity with Geo.
W. Herbert, the well-known dealer of 10
East Seventeenth street.
The Colby has an old-time reputation,
which has been materially augmented under
the admirable and progressive administra-
tion of Geo. H. Diehl. The Colby piano
to-day is held in high esteem by a roster of
leading dealers who are disposing of goodly
numbers of these instruments to satisfied
purchasers.
Geo. W. Herbert has ever been associated
with first-class pianos in New York, and it
is certain that he will build up an excellent
trade for the Colby in this locality. It is a
happy union, that of Herbert and the Colby,
for few men can estimate the value of a
piano as Mr. Herbert, and when he selects
the Colby it is a testimonial to its sterling
merits that cannot be lightly overlooked.
W. S. DENSLOW
APPOINTEDTDELEGATE
W. S. Denslow, of the Sterling Piano Co.,
has been appointed delegate to represent the
Brooklyn Piano Dealers' Association at the
Annual Convention of the National Associ-
ation of Piano Dealers, to be held in Balti-
more in May. Mr. Denslow has accepted
the appointment and will be accompanied by
a strong delegation of dealers from "over
the bridge."
\ : ,;.;;
THEnri/triir
WALVIL?"
V O L XXXIV. N o . 12. PublisHed Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, March 22,1902. SINGLE cbp?Bs, Y fo A cENT
A NATIONAL CORPORATION ACT.
INSTALLMENT BILL IS DEAD.
The piano dealers of Baltimore, as well
The Suggestions Made by James B. Dill at the
Recent Meeting of the Economic Society of as those of Maryland generally, are making
Harvard University Will Be Found Interesting. an active fight against a bill which has been
At the recent meeting of the Economic introduced in the State Legislature to have
Society of Harvard University, James B. all installment agreements recorded as chat-
Dill developed some ideas toward a crystal- tel mortgages. The bill is now before the
lization of his plans for a federal corpora- Judiciary Committee, and we understand
tion law. His proposal is unique and de- that they have reported unfavorably on it,
mands thoughtful consideration. Mr. Dill hence it will be pigeonholed unless it is
brought up in another form. We hardly
outlines his scheme as follows:
"i. It should be optional, as in the case think this likely, as there is no demand for
of the National Banking act, leaving corpor- such a law either in the piano or furniture
:
ations free to organize under State acts if trades.
they choose.
NOT NEW IN THE PIANO TRADE.
"2. It should deny the name 'national' to
"A Broadway florist makes a practice of
any but national corporations, compelling
other corporations who assume that title to pinning a 'Sold* tag upon his finest flowers,
leaving them in plain view of customers
change it.
"3. National corporations should have while they are awaiting their turn to be de-
freedom from State supervision and should livered. These tags have a psychic effect up-
be subjected to taxation by the State only on sales, he claims, for human nature has a
to the amount of property actually in the love of buying what some one else has set
State, and then upon the same basis as an the seal of approval upon—especially if that
some one else's name is in the blue book, as
individual.
is
the case with his chief customers. The
''4. A national corporation should possess
same
plan would doubtless bring results in
in every State all the immunities and com-
other
lines,
though as a rule it would be wise
mercial privileges guaranteed to natural per-
sons by the Constitution of the United States to use it only with high-class goods."
•
•
•
*
*
*
*
*
and of the several States.
This is from Printers' Ink, and we may
"5. It should be protected from State at- say the "sold" tag'scheme is not unknown to
tack to the same extent that the national our brethren in the piano field. The experience
banks are—viz., it should not be subject to of the piano man coincide with the Broadway
attachment or other provisonal limitations florist in the psychic effect the "sold" tag has
which prevail in any State against nonresi- in promoting sales. We agree with our con-
dents—that is to say, being a United States temporary that it would be unwise to use it
corporation, it should be a citizen of the only with high-class goods. It requires high-
United States and a citizen of each State, to grade men and high-grade pianos to utilize
the extent that it has all rights of citizens as it advantageously.
to attacks in the courts.
A BUSINESS CHANGE.
"6. The national corporation should be
subject to national supervision and examina-
The firm of Fillmore Bros, has been incor-
tion, and should require at least private pub- porated under the laws of Ohio with a cap-
licity, which would ultimately result in pub- ital stock of $75,000, and is now the Fillmore
Bros. Co. J. H. Fillmore retains a control-
lic publicity.
"7. An annual report should be made by ling interest in the business, and is president.
the corporation, showing the taxing situs of L. C. Fillmore is secretary and treasurer,
all its property. Such information should be and W. W. Warwick is vice-president and
collated by some Federal authority and fur- business manager. These three officers, with
nished to the taxing officers of the various Chas. M. Fillmore and Frank B. Warwick,
States, in order that the corporation might compose the board of directors. Fred A.
be justly and correctly taxed.
Fillmore is also interested in the new com-
"8. A national corporation should pay pany. No change is contemplated in the
local taxes upon all its property. Its stock established music publishing business of Fill-
in the hands of stockholders should be more Bros. The Cincinnati house has, how-
exempt from taxation of every nature."
ever, been removed to new and larger quar-
Fred Engelhardt, of Roth & Engelhardt, ters at 419 & 421 Elm street. The Eastern
has been selected as president of the village branch remains at 40 Bible House, New
York.
of St. Johnsville, N. Y,'
THE "NEW CENTURY^PIANO CO."
[Special to The Review.]
Minneapolis, Minn., March 17, 1902.
Articles of incorporation of the New Cen-
tury Piano company of Minneapolis were
filed Saturday with the secretary of State.
The incorporators are: M. A. Paulson, presi-
dent ; George L. Matchan, vice-president, and
James W. Nash, secretary and treasurer.
The capital stock is $50,000. The company
has not finally decided upon the location of
its warerooms.
A MILWAUKEE INCORPORATION.
[Special to The Review]
Madison, Mis., March 17, 1902.
The U. T. D. Music Company of Mil-
waukee, with a capital stock of $20,000, filed
articles of incorporation with Secretary of
State Froehlich Saturday. The incorpora-
tors are F. E. Schaad, H. G. Tourtelotte and
F. L. Ford.
THE COLBY PIANO IN NEW YORK.
During the recent visit to New York of
Geo. F. Diehl, president, treasurer and gen-
eral manager of the Colby Piano Co., Erie,
Pa., he placed the agency for the Colby
piano for New York and vicinity with Geo.
W. Herbert, the well-known dealer of 10
East Seventeenth street.
The Colby has an old-time reputation,
which has been materially augmented under
the admirable and progressive administra-
tion of Geo. H. Diehl. The Colby piano
to-day is held in high esteem by a roster of
leading dealers who are disposing of goodly
numbers of these instruments to satisfied
purchasers.
Geo. W. Herbert has ever been associated
with first-class pianos in New York, and it
is certain that he will build up an excellent
trade for the Colby in this locality. It is a
happy union, that of Herbert and the Colby,
for few men can estimate the value of a
piano as Mr. Herbert, and when he selects
the Colby it is a testimonial to its sterling
merits that cannot be lightly overlooked.
W. S. DENSLOW
APPOINTEDTDELEGATE
W. S. Denslow, of the Sterling Piano Co.,
has been appointed delegate to represent the
Brooklyn Piano Dealers' Association at the
Annual Convention of the National Associ-
ation of Piano Dealers, to be held in Balti-
more in May. Mr. Denslow has accepted
the appointment and will be accompanied by
a strong delegation of dealers from "over
the bridge."
\ : ,;.;;
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