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Music Trade Review

Issue: 1913 Vol. 56 N. 5 - Page 10

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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE: MUSIC TRADE
10
REVIEW
DEPOSITS BY RECEIVERS IN BANKS.
CLOSED A SATISFACTORY YEAR'S BUSINESS.
Clough & Warren Co. Elect Officers for Ensuing Year—Stockholders Pleased with Progress
Company—Working Overtime in Effort to Fill Orders for Instruments Made by This House.
of
in a position to manufacture
manufacture instruments that
will stand the most critical examination.
The demand for tbe Clough & Warren pianos,
player-pianos and combination organs may be es-
timated from the fact that the factory has been
working twelve hours daily, and will continue un-
til a surplus stock is secured. Their player-pianos,
which will embody many features that will in-
terest the trade, will be ready in about sixty days.
The prospects for a large business for the present
year are excellent, and the directors
and stockholders are most optimistic
regarding the future of the company.
J. Z. Beaton, representing the
Clough & Warren Co., is booking
many fine orders for its pianos and
combination organs, through the
Northwest. He called on dealers at
Milwaukee, St. Paul and Minneapo-
lis this week. W. H. Harlington,
auditor, is sending in good reports
from Texas, Oklahoma and Missouri.
L. W. Essex secretary, was in Cleve-
land, O., this week, looking after
business for the company.
J. G. Coulson, manager of De-
troit local store for Clough & War-
Clough & Warren Co. Plant, Adrian, Mich.
ren Co., reports an excellent business
the newly-elected directors held a meeting for the in pianos during December and January, with good
purpose of electing officers, and J. A. Warren,
prospects this month.
president; E. R. Eskew, vice-president; L. W.
Essex, secretary; J. A. Warren, Jr., treasurer,
FIRE DESTROYS PIANO STOCK.
and E. G. Holmes, superintendent, were re-elected
to serve during the current year.
The store and stock of pianos and other musical
The stockholders were very much pleased with
goods of Prosser & Hunt, Pipestone, Minn., was
the conditions at the plant, and were enthusiastic
destroyed by a fire which did much damage in that
in their praise of the product, and also of the town last week.
many changes which are being made to modernize
J. H. Williams, Greenville, S. C, has secured
the equipment, many of the most improved ma-
the agency for the Aeolian line in that territory.
chines having been installed which now puts them
(Special to The Review.)
Adrian, Mich., Jan. 27, 1913.
The annual meeting of the stockholders of the
Clough & Warren Co., was held at the general
offices in this city last Monday evening. The
usual business was transacted, which included the
election of directors for the ensuing year, the
present board being again elected to manage and
control the affairs of the company.
Upon adjournment of the stockholders' meeting
Appellate Division of Supreme Court Holds That
They Are Entitled to Legal Preference.
The Appellate Division of the Supreme Court
reversed recently Justice Gerard and decided that
"deposits by Federal receivers" and "deposits by
Federal trustees in bankruptcy" are a legal prefer-
ence over the deposits of the public in general in
a State bank.
This decision of the Appellate Division, from
which Presiding Justice ingraham dissented, was
rendered in the matter of the application of Robert
C. Morris as receiver in bankruptcy, and William
Henkle, Jr., as trustee in bankruptcy, to have
funds deposited by them in the now defunct Car-
negie Trust Co. declared a preference over the
general creditors of the banking institution.
PROGRESSIVE SOUTHERN HOUSE.
(Special to The Review.)
Knoxville, Tenn., Jan. 25, 1913.
Clark & Jones, one of the representative South-
ern houses who own and operate stores in this
city, as well as in Chattanooga, Tenn., and Bir-
mingham, Ala., report an excellent condition of
business in that territory. Business for the past
year was large in volume and they put out a
large number of high-grade pianos which they
represent, such as the Steinway, Everett, Weber,
Poole, Mehlin, McPhail and the Aeolian line of
players. At their new store in Birmingham they
have finished up several fine studios, which they
rent out to local teachers, and they have also
completed a large recital hall, where the leading
musical societies of Birmingham meet weekly.
They report business conditions were never better
and the outlook is most promising for a successful
year in the piano trade for the year 1913.
The Hermitage Piano Co., of Brooklyn, N. Y.,
has just removed to new and larger quarters at
8 Third avenue, that borough.
The Poole Standard <
Is not easily won, for behind it there must be years of the progress and perfection
which have culminated in the Poole product of to=day.
The Poole piano and player=piano have been built for a purpose, and that
to furnish the highest quality of music for lovers of the Divine Art. Such a
piano is desirable for the dealer to handle, for he has the satisfaction of knowing
that the sale of one creates a demand for more.
The charm of tone in the Poole grand and upright pianos has won the
admiration of musical connoisseurs everywhere. If you wish the best that modern
science, applied to piano construction, can produce, you will find it in the Poole.
Our spacious new factory is now in full working order, and we are prepared
to supply the trade with the greatest values in pianos ever produced in the history
of this institution.
"• I
POOLE PIANO CO.
Sydney Street, Cambridge A Branch, Boston, Mass.

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