Music Trade Review
Issue: 1902 Vol. 34 N. 24 - Page 5
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THE
RMFW
flUJIC TIRADE
V O L . X X X I V . N o . 2 4 . Pnblisbed Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, June 14,19Q2.
EDNA PIANO & ORGAN CO. AFFAIRS.
Move Suggested to Organize New Company—Cred
itors Asked to take Action Now if at all.
The following communication has been
sent out by II. P. Stentz, president of the
Hrst National Bank, Monroeville, (.)., anent
the financial embarrassments of the Edna
Cientlemen:—The affairs of the Edna
Piano & Organ Co., of Monroeville, (.)., have
got into such shape that said company is
largely insolvent and it is necessary, in the
opinion of its principal creditors and its of-
ficials, that its affairs be wound up and that
some reasonable provision be made for set-
tling its debts. A levy has been made upon
its personal and chattel property and its busi-
ness has been closed up by the Sheriff, and
its real estate is encumbered by liens for
more than its value.
The total amount of debts will aggregate
i:ot far from $40,000, and under legal pro-
cess for bankruptcy proceedings it is hardly
possible that any sum whatever could be real -
ized for general creditors, and but little foi
those who hold preferred claims.
A proposition is in contemplation to organ-
12e a new company with new parties, and to
secure enough ready money to pay upon the
debts of the old concern an amount consid-
erably 'Ji excess of what would be realized
by a bankruptcy proceeding or other pro-
ceeding to wind up the old company's af-
fairs by law.
As the largest creditor of the old company,
it is my wish that this matter be immediattVy
taken up by all of the creditors in a joint
meeting, to decide whether it is better to fa-
cilitate the formation of a new company
and thereby arrange for a reasonable com-
promise of the claims against the old com-
pany, or to throw the old company into bank-
ruptcy and take what can be obtained as a
result of such a proceeding.
I have assumed the authority, in the in-
terest of myself and all creditors, to call
a meeting of all the creditors of this old
company at Monroeville, O., at the offices
of the First National Bank for Friday, June
13th, 1902, at ten o'clock A.M.
A complete and correct showing of the
affairs of the company must be made and
will be available to creditors, so that they
may act intelligently in the premises.
Whatever is done in this matter must be
done within a very few days or the com-
pany will go into liquidation under legal
process, and I do not believe that any sub-
stantial amount can be realized for general
creditors in such event.
In case any statement is reached at the
meeting of creditors herein contemplated, the
smaller creditors may rely upon the fact
that all unsecured claims will be treated
with absolute equality.
The Pittsburg piano dealers are favorably
inclined toward forming a local organiza-
tion, and it is very probable that the piano
men will come together at a very early date.
$ a o P B R YEAR
°
-
SINGLE COPIES 10 CENTS
ARRESTED ON A CHARGE OF STEALING.
ENLARGING ORGAN PLANT.
[Special to The Review.]
F. E. Raynor, of Port Jefferson, N. Y., has
commenced the erection of an addition to-
his organ factory. The building will be
three stories high and cover the whole rear
end of his lot. Me has contracts signed for
two organs, and at least four other organs
in veivv, with an excellent prospect of secur-
ing all of them.
Hamilton, Ont, June 9, 1902.
Frederick Simons, 19O Hannah street,
West, a young' man employed by the Heintz-
man Piano Co., has been arrested on a charge
(ii stealing $480 from his employers. Simons
held a position of trust, and handled large
sums of money. On Saturday he was sent
to the bank to deposit $480, but yesterday
it was discovered that he had not placed it
to the company's credit in the bank. Ik'
was given a chance to settle, but failed to
do so, and his arrest followed. While only
charged with stealing $480, it is said that
the amount of his shortages is much larger.
THE APOLLO WON THE GOLD MEDAL.
The Melville Clark Piano Co., of Chicago,
manufacturers of the Apollo piano player,
have captured the Gold Medal of the Charles-
ton, S. C. Exposition for that popular self
player. The award was made by the expo-
sition authorities after a thorough .examin-
ation and test of the piano players on exhi-
bition.
It is a double triumph for the Apollo, it
won the only Gold Medal above all compet-
itors and the award is a tribute to the supe-
rior features of the Apollo piano player, upon
which the manufacturers lay so much stress.
The Apollo offers many valuable talking-
points and it is a source of great gratification
to the manufacturers that they are so thor-
oughly appreciated by the general public.
The Apollo won a similar recognition at
the Pan-American Exposition at Buffalo,
where a gold medal was awarded to the in-
strument.
PRESENTATION TO A. H. MASON.
On Saturday evening the Winnipeg, Man.,
staff of the Mason & Risch Piano Co. gave
a dinner at the Queen's Hotel in honor of
A. H. Mason, who is retiring from the man-
agement of the branch here, and returning
East. During the evening Colonel Lindsay
on behalf of the staff presented Mr. Mason
with a handsome ring as a remembrance of
the cordial relationship which has always ex-
isted between the manager and staff. Mr.
Mason leaves on Monday for Toronto, re-
turning in two weeks' time for his family.
PHILADELPHIA SALESMEN TO DINE.
The Piano Salesmen's Association of Phil-
adelphia, at the meeting to be held next
Monday evening, will have a jolly time.
They intend to have a banquet and entertain-
ment to which members will have the priv-
iiege of inviting one of their friends.
STEINKE BUYS OUT GRAU.
E. G. Steinke, who for the past four years
has been associated with Otto Grau as partner
in the Grau Piano Co., Cincinnati, O., has
just closed arrangements whereby he becomes
the owner of this business. This happening
does not occasion surprise as The Review had
already chronicled the probable retirement
of Mr. Grau, owing to the illness of his
wife. It is Mr. Gran's intention to leave at
once for Denver, Col., where he may con-
rect himself with a local piano house.
Mr. Steinke, who is now sole owner of
the Grau Piano Co., has made steady prog-
ress since taking up the piano business. He
is a business man of experience, having been
formerly cashier of the Atlas National Bank
iii Cincinnati. He is the son-in-law of Henry
Sanders, one of the wealthiest merchants in
Cincinnati, but his success may be ascribed
to his own efforts absolutely.
BABCOCK TO BE APPOINTED.
It is understood that W. H. Babcock, a
dealer of Oshkosh, Wis., is to be named
assistant superintendent of the State reform-
atory at Green Bay to succeed W. H. Thom-
as, recently resigned. Mr. Babcock is a mem-
ber of the G. A. R. and is an applicant for the
position. The State Board of Control will
make a selection at its meeting the third week
in June.
.
>,'
THAT SOFT COAL QUESTION.
Jacob Doll was one of the many who was
hauled up this week on a charge of using
soft coal. He denied the impeachment and
stated that only hard coal was used in his
factory. "Occasionally," he said, "the fire-
men threw a mass of shavings into the fur-
nace and this caused the smoke." Mean-
while Mr. Doll said he proposed to put in
a smoke consumer immediately, and the
Magistrate declared that if he got it in be-
fore the case reached special sessions the
Justices would doubtless dismiss the com-
plaint.
A. L. Bailey, of St. Johnsbury, has leased
a store in Morrisville, Vt., and is putting in a
slock of pianos and organs.
THE
RMFW
flUJIC TIRADE
V O L . X X X I V . N o . 2 4 . Pnblisbed Every Saturday by Edward Lyman Bill at 3 East Fourteenth Street, New York, June 14,19Q2.
EDNA PIANO & ORGAN CO. AFFAIRS.
Move Suggested to Organize New Company—Cred
itors Asked to take Action Now if at all.
The following communication has been
sent out by II. P. Stentz, president of the
Hrst National Bank, Monroeville, (.)., anent
the financial embarrassments of the Edna
Cientlemen:—The affairs of the Edna
Piano & Organ Co., of Monroeville, (.)., have
got into such shape that said company is
largely insolvent and it is necessary, in the
opinion of its principal creditors and its of-
ficials, that its affairs be wound up and that
some reasonable provision be made for set-
tling its debts. A levy has been made upon
its personal and chattel property and its busi-
ness has been closed up by the Sheriff, and
its real estate is encumbered by liens for
more than its value.
The total amount of debts will aggregate
i:ot far from $40,000, and under legal pro-
cess for bankruptcy proceedings it is hardly
possible that any sum whatever could be real -
ized for general creditors, and but little foi
those who hold preferred claims.
A proposition is in contemplation to organ-
12e a new company with new parties, and to
secure enough ready money to pay upon the
debts of the old concern an amount consid-
erably 'Ji excess of what would be realized
by a bankruptcy proceeding or other pro-
ceeding to wind up the old company's af-
fairs by law.
As the largest creditor of the old company,
it is my wish that this matter be immediattVy
taken up by all of the creditors in a joint
meeting, to decide whether it is better to fa-
cilitate the formation of a new company
and thereby arrange for a reasonable com-
promise of the claims against the old com-
pany, or to throw the old company into bank-
ruptcy and take what can be obtained as a
result of such a proceeding.
I have assumed the authority, in the in-
terest of myself and all creditors, to call
a meeting of all the creditors of this old
company at Monroeville, O., at the offices
of the First National Bank for Friday, June
13th, 1902, at ten o'clock A.M.
A complete and correct showing of the
affairs of the company must be made and
will be available to creditors, so that they
may act intelligently in the premises.
Whatever is done in this matter must be
done within a very few days or the com-
pany will go into liquidation under legal
process, and I do not believe that any sub-
stantial amount can be realized for general
creditors in such event.
In case any statement is reached at the
meeting of creditors herein contemplated, the
smaller creditors may rely upon the fact
that all unsecured claims will be treated
with absolute equality.
The Pittsburg piano dealers are favorably
inclined toward forming a local organiza-
tion, and it is very probable that the piano
men will come together at a very early date.
$ a o P B R YEAR
°
-
SINGLE COPIES 10 CENTS
ARRESTED ON A CHARGE OF STEALING.
ENLARGING ORGAN PLANT.
[Special to The Review.]
F. E. Raynor, of Port Jefferson, N. Y., has
commenced the erection of an addition to-
his organ factory. The building will be
three stories high and cover the whole rear
end of his lot. Me has contracts signed for
two organs, and at least four other organs
in veivv, with an excellent prospect of secur-
ing all of them.
Hamilton, Ont, June 9, 1902.
Frederick Simons, 19O Hannah street,
West, a young' man employed by the Heintz-
man Piano Co., has been arrested on a charge
(ii stealing $480 from his employers. Simons
held a position of trust, and handled large
sums of money. On Saturday he was sent
to the bank to deposit $480, but yesterday
it was discovered that he had not placed it
to the company's credit in the bank. Ik'
was given a chance to settle, but failed to
do so, and his arrest followed. While only
charged with stealing $480, it is said that
the amount of his shortages is much larger.
THE APOLLO WON THE GOLD MEDAL.
The Melville Clark Piano Co., of Chicago,
manufacturers of the Apollo piano player,
have captured the Gold Medal of the Charles-
ton, S. C. Exposition for that popular self
player. The award was made by the expo-
sition authorities after a thorough .examin-
ation and test of the piano players on exhi-
bition.
It is a double triumph for the Apollo, it
won the only Gold Medal above all compet-
itors and the award is a tribute to the supe-
rior features of the Apollo piano player, upon
which the manufacturers lay so much stress.
The Apollo offers many valuable talking-
points and it is a source of great gratification
to the manufacturers that they are so thor-
oughly appreciated by the general public.
The Apollo won a similar recognition at
the Pan-American Exposition at Buffalo,
where a gold medal was awarded to the in-
strument.
PRESENTATION TO A. H. MASON.
On Saturday evening the Winnipeg, Man.,
staff of the Mason & Risch Piano Co. gave
a dinner at the Queen's Hotel in honor of
A. H. Mason, who is retiring from the man-
agement of the branch here, and returning
East. During the evening Colonel Lindsay
on behalf of the staff presented Mr. Mason
with a handsome ring as a remembrance of
the cordial relationship which has always ex-
isted between the manager and staff. Mr.
Mason leaves on Monday for Toronto, re-
turning in two weeks' time for his family.
PHILADELPHIA SALESMEN TO DINE.
The Piano Salesmen's Association of Phil-
adelphia, at the meeting to be held next
Monday evening, will have a jolly time.
They intend to have a banquet and entertain-
ment to which members will have the priv-
iiege of inviting one of their friends.
STEINKE BUYS OUT GRAU.
E. G. Steinke, who for the past four years
has been associated with Otto Grau as partner
in the Grau Piano Co., Cincinnati, O., has
just closed arrangements whereby he becomes
the owner of this business. This happening
does not occasion surprise as The Review had
already chronicled the probable retirement
of Mr. Grau, owing to the illness of his
wife. It is Mr. Gran's intention to leave at
once for Denver, Col., where he may con-
rect himself with a local piano house.
Mr. Steinke, who is now sole owner of
the Grau Piano Co., has made steady prog-
ress since taking up the piano business. He
is a business man of experience, having been
formerly cashier of the Atlas National Bank
iii Cincinnati. He is the son-in-law of Henry
Sanders, one of the wealthiest merchants in
Cincinnati, but his success may be ascribed
to his own efforts absolutely.
BABCOCK TO BE APPOINTED.
It is understood that W. H. Babcock, a
dealer of Oshkosh, Wis., is to be named
assistant superintendent of the State reform-
atory at Green Bay to succeed W. H. Thom-
as, recently resigned. Mr. Babcock is a mem-
ber of the G. A. R. and is an applicant for the
position. The State Board of Control will
make a selection at its meeting the third week
in June.
.
>,'
THAT SOFT COAL QUESTION.
Jacob Doll was one of the many who was
hauled up this week on a charge of using
soft coal. He denied the impeachment and
stated that only hard coal was used in his
factory. "Occasionally," he said, "the fire-
men threw a mass of shavings into the fur-
nace and this caused the smoke." Mean-
while Mr. Doll said he proposed to put in
a smoke consumer immediately, and the
Magistrate declared that if he got it in be-
fore the case reached special sessions the
Justices would doubtless dismiss the com-
plaint.
A. L. Bailey, of St. Johnsbury, has leased
a store in Morrisville, Vt., and is putting in a
slock of pianos and organs.
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