Music Trade Review
Issue: 1908 Vol. 46 N. 25 - Page 12
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THE MUSIC TRADE REVIEW
12
term "commercial paper" is to be limited to tory Inspection continued its efforts to compel
notes with two responsible names, running not compliance with the various provisions of the
over four months. The banks are to be jointly factory law. The great body of manufacturers in
Provides for New Currency to be Issued by
and severally liable for the notes issued, and in this State are law-abiding. Many of the viola-
National Currency Associations—Provisions
case any bank lets its redemption fund in the tions that have come under our notice are the
of the Aldrich Bill—Maximum Issue of Notes
Treasury run down the department may tall back result of indifference or carelessness, while a few
Limited to $500,000,000—Other Details Re-
for cash by a complicated method, upon the other are deliberate and defiant.
garding the Act.
"In order to properly impress upon all the neces-
banks in the national currency association to
sity of observing the requirements of the factory
The new Currency Act passed by Congress on which it belongs.
The provisions of the Aldrich measure are seen law, we found it necessary during the last month
May 31 provides, among other things, that a new
note currency be issued based upon commer- in section 3, which provides that hanks of the to commence proceedings in 69 cases, 56 in
cial paper. National currency associations will classes alieady specified may take out notes based Greater New York, and 13 in the remainder of
issue the currency, such associations to consist on State, county and municipal bonds to the ex- the State.
"Illegal child labor seems to be the predomi-
of banks ten in number, and with a combined tent of 90 per cent, of such bonds deposited with
capital and surplus of at least $5,000,000. Such the Treasury. This will figure out about the pro- nant or besetting sin of factory owners. Out of
associations are to be organized in substantially portion of 60 and 40 per cent., or $300,000,000 and the 69 cases brought to court, 39 were for child
the same way as the "clearing house associations" $200,000,000, as announced recently. The banks labor violations, of which three were for children
of the old Vreeland bill. The notes, however, are are to keep with the Treasury 10 per cent, of the under 14 and nine for working children over
not to be allotted to banks unless the latter new circulation taken out under the terms of the eight hours a day; the remaining 27 were for
already have out notes based on national bonds bill, such 10 per cent, to be used and treated the employing children between 14 and 16 without
and equal to at least 40 per cent, of their capital same as the redemption fund now held by the certificates from the Board of Health.
"Fifty-one cases were brought to final issue
stock. When issued the notes shall not equal department against the old notes.
during
the month, and the aggregate amount of
The
maximum
issue
of
notes
is
to
be
$500,000,-
more than 75 per cent, of the paper and securi-
ties deposited with the association. The issue 0C0, and the issues are to be apportioned to the fines imposed was $470."
may, however, be raised to 90 per cent, of the several States by the Secretary of the Treasury
COLUMBINE CO.'S GUESSING CONTEST.
securities deposited, which are State, county or so far as possible in proportion to capital and
surplus of the national banks in each State. The
municipal bonds.
The Columbine Music Co.. Denver, Col., re-
In any case the notes issued are not to exceed tax on the notes is to be 5 per cent, the first
cently
sprung a new form of guessing contest
month,
rising
at
the
rate
of
1
per
cent,
per
month
30 per cent, of the capital and surplus, while the
to 10 per cent. When presented at the Treasury upon the public, and they report very satisfactory
the notes are to be redeemed in la'wful money. results therefrom. A clock was wound up and
Government deposits in banks are to pay interest placed in the show window with its face covered,
at not less than 1 per cent, per annum. The while the public was asked to guess at what hour
national monetary commission is to be organized it would stop. $25 in casn and a certificate for
substantially as originally provided in the Aid- $100 was awarded to the one guessing the correct
time the clock stopped, or nearest to it, while
rich commission bill.
certificates for $80 were given to all who guessed
within the hour.
OLD TIMERS IN HOUSTON, TEX.
THE NEW CURRENCY ACT.
RUDOLF
PIANOS
are conscientiously made, good
instruments; in other words, the
sweetest things out.
RUDOLF PIANO CO.
458 E. 144tta Street,
NEW YORK.
POLKS SCHOOL OF
PIANO TUNING
Court House Square
VALPARAISO, INDIANA
Over 400 Graduates out in the field
succeeding. 25 Different Makes of
Pianos, 7 Trained Instructors, 9
Studios.
A 'Player Piano" Department Fully
Equipped
Catalogue Free.
Address
POLKS SCHOOL, VALPARAISO,
INDIANA
The Art of Piano Scale Drawing
Taught in a Course of Twenty-five Lessons
Write for particulars and terms to
WM. B. WHITE, c. o. The Music Trade Review,
1 Madison Avenue, New York
[Eleventh
Houston, Tex., seems to possess a trade atmos-
phere that tends to prolong the life of her busi-
ness houses if the music trade in that city can
be taken as a criterion. Thos. Goggan & Bro.
lead off with a record of forty-two years of
continued success in handling such pianos as
the Chickering, Emerson, Krell, Smith & Nixon
and others, during which time they have es-
tablished five branches in various cities in the
State.
Next on the list comes the J. W. Carter Music
Co., with a business career of thirty-one years
to their credit, their success being due largely
to the personal efforts of the officers of the com-
pany, J. W. Carter, president; E. W. Hutchinson,
vice-president; J. H. B. House, treasurer, and
J. R. Carter, secretary. This house handle the
Schaeffer, Hardman, Vose & Sons and Harring-
ton pianos as well as Estey organs.
In comparison with the two preceding houses
the Janke Music Co. seem like an infant, though
having experienced fifteen years of business suc-
cess, their success in a large measure being
traceable to the careful direction of Chas. E.
Soloman, president of the company. They are
located at 615 Main street, where the following
line of pianos is handled: Estey, Conover,
Strohber and others.
FACTORIES MUST BE LOOKED AFTER.
The New York State Commissioner of Labor,
John Williams, is on the warpath against fac-
tories that are not properly ventilated, and states
that there are actions aggregating $4,300 already
commenced against firms who have failed to
properly ventilate their factory buildings, es-
pecially in winter, windows being opened in
summer without question. Mr. Williams is also
after violations of the child labor laws, and re-
garding various violations has the following to
say:
"During the month of May the Bureau of Fac-
NewYork
The Standard of America
THE BEST IN THE WORLD
Simple, Durable and Absolutely Noiseless
NOT AFFECTED BY CLIMATE
The
ORRIS QATENT
N
OISELESSF EDALAGTION
Annoyance and Expense
Saved Dealer and Purchaser
Manufactured and told only by
Norris Noiseless Pedal Action Go.
ALBERT P. NORRIS
3 Appleton Street,
CLIFTON B . NORRIS
Boston, Mass.
The Schaeffer Piano
has more points
of merit than any
other piano in
America for the
price.
SCHAEFFER
PIANO MFG. CO.
General Offices:
REPUBLIC BLDG..
Adams <& State Sts..
CHICAGO, ILL.
FAMOUS AS THE BEST
PIANO IN THE WORLD
FOR THE MONEY
THE MUSIC TRADE REVIEW
12
term "commercial paper" is to be limited to tory Inspection continued its efforts to compel
notes with two responsible names, running not compliance with the various provisions of the
over four months. The banks are to be jointly factory law. The great body of manufacturers in
Provides for New Currency to be Issued by
and severally liable for the notes issued, and in this State are law-abiding. Many of the viola-
National Currency Associations—Provisions
case any bank lets its redemption fund in the tions that have come under our notice are the
of the Aldrich Bill—Maximum Issue of Notes
Treasury run down the department may tall back result of indifference or carelessness, while a few
Limited to $500,000,000—Other Details Re-
for cash by a complicated method, upon the other are deliberate and defiant.
garding the Act.
"In order to properly impress upon all the neces-
banks in the national currency association to
sity of observing the requirements of the factory
The new Currency Act passed by Congress on which it belongs.
The provisions of the Aldrich measure are seen law, we found it necessary during the last month
May 31 provides, among other things, that a new
note currency be issued based upon commer- in section 3, which provides that hanks of the to commence proceedings in 69 cases, 56 in
cial paper. National currency associations will classes alieady specified may take out notes based Greater New York, and 13 in the remainder of
issue the currency, such associations to consist on State, county and municipal bonds to the ex- the State.
"Illegal child labor seems to be the predomi-
of banks ten in number, and with a combined tent of 90 per cent, of such bonds deposited with
capital and surplus of at least $5,000,000. Such the Treasury. This will figure out about the pro- nant or besetting sin of factory owners. Out of
associations are to be organized in substantially portion of 60 and 40 per cent., or $300,000,000 and the 69 cases brought to court, 39 were for child
the same way as the "clearing house associations" $200,000,000, as announced recently. The banks labor violations, of which three were for children
of the old Vreeland bill. The notes, however, are are to keep with the Treasury 10 per cent, of the under 14 and nine for working children over
not to be allotted to banks unless the latter new circulation taken out under the terms of the eight hours a day; the remaining 27 were for
already have out notes based on national bonds bill, such 10 per cent, to be used and treated the employing children between 14 and 16 without
and equal to at least 40 per cent, of their capital same as the redemption fund now held by the certificates from the Board of Health.
"Fifty-one cases were brought to final issue
stock. When issued the notes shall not equal department against the old notes.
during
the month, and the aggregate amount of
The
maximum
issue
of
notes
is
to
be
$500,000,-
more than 75 per cent, of the paper and securi-
ties deposited with the association. The issue 0C0, and the issues are to be apportioned to the fines imposed was $470."
may, however, be raised to 90 per cent, of the several States by the Secretary of the Treasury
COLUMBINE CO.'S GUESSING CONTEST.
securities deposited, which are State, county or so far as possible in proportion to capital and
surplus of the national banks in each State. The
municipal bonds.
The Columbine Music Co.. Denver, Col., re-
In any case the notes issued are not to exceed tax on the notes is to be 5 per cent, the first
cently
sprung a new form of guessing contest
month,
rising
at
the
rate
of
1
per
cent,
per
month
30 per cent, of the capital and surplus, while the
to 10 per cent. When presented at the Treasury upon the public, and they report very satisfactory
the notes are to be redeemed in la'wful money. results therefrom. A clock was wound up and
Government deposits in banks are to pay interest placed in the show window with its face covered,
at not less than 1 per cent, per annum. The while the public was asked to guess at what hour
national monetary commission is to be organized it would stop. $25 in casn and a certificate for
substantially as originally provided in the Aid- $100 was awarded to the one guessing the correct
time the clock stopped, or nearest to it, while
rich commission bill.
certificates for $80 were given to all who guessed
within the hour.
OLD TIMERS IN HOUSTON, TEX.
THE NEW CURRENCY ACT.
RUDOLF
PIANOS
are conscientiously made, good
instruments; in other words, the
sweetest things out.
RUDOLF PIANO CO.
458 E. 144tta Street,
NEW YORK.
POLKS SCHOOL OF
PIANO TUNING
Court House Square
VALPARAISO, INDIANA
Over 400 Graduates out in the field
succeeding. 25 Different Makes of
Pianos, 7 Trained Instructors, 9
Studios.
A 'Player Piano" Department Fully
Equipped
Catalogue Free.
Address
POLKS SCHOOL, VALPARAISO,
INDIANA
The Art of Piano Scale Drawing
Taught in a Course of Twenty-five Lessons
Write for particulars and terms to
WM. B. WHITE, c. o. The Music Trade Review,
1 Madison Avenue, New York
[Eleventh
Houston, Tex., seems to possess a trade atmos-
phere that tends to prolong the life of her busi-
ness houses if the music trade in that city can
be taken as a criterion. Thos. Goggan & Bro.
lead off with a record of forty-two years of
continued success in handling such pianos as
the Chickering, Emerson, Krell, Smith & Nixon
and others, during which time they have es-
tablished five branches in various cities in the
State.
Next on the list comes the J. W. Carter Music
Co., with a business career of thirty-one years
to their credit, their success being due largely
to the personal efforts of the officers of the com-
pany, J. W. Carter, president; E. W. Hutchinson,
vice-president; J. H. B. House, treasurer, and
J. R. Carter, secretary. This house handle the
Schaeffer, Hardman, Vose & Sons and Harring-
ton pianos as well as Estey organs.
In comparison with the two preceding houses
the Janke Music Co. seem like an infant, though
having experienced fifteen years of business suc-
cess, their success in a large measure being
traceable to the careful direction of Chas. E.
Soloman, president of the company. They are
located at 615 Main street, where the following
line of pianos is handled: Estey, Conover,
Strohber and others.
FACTORIES MUST BE LOOKED AFTER.
The New York State Commissioner of Labor,
John Williams, is on the warpath against fac-
tories that are not properly ventilated, and states
that there are actions aggregating $4,300 already
commenced against firms who have failed to
properly ventilate their factory buildings, es-
pecially in winter, windows being opened in
summer without question. Mr. Williams is also
after violations of the child labor laws, and re-
garding various violations has the following to
say:
"During the month of May the Bureau of Fac-
NewYork
The Standard of America
THE BEST IN THE WORLD
Simple, Durable and Absolutely Noiseless
NOT AFFECTED BY CLIMATE
The
ORRIS QATENT
N
OISELESSF EDALAGTION
Annoyance and Expense
Saved Dealer and Purchaser
Manufactured and told only by
Norris Noiseless Pedal Action Go.
ALBERT P. NORRIS
3 Appleton Street,
CLIFTON B . NORRIS
Boston, Mass.
The Schaeffer Piano
has more points
of merit than any
other piano in
America for the
price.
SCHAEFFER
PIANO MFG. CO.
General Offices:
REPUBLIC BLDG..
Adams <& State Sts..
CHICAGO, ILL.
FAMOUS AS THE BEST
PIANO IN THE WORLD
FOR THE MONEY
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