Music Trade Review

Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
44
MUSIC
TRADE
REVIEW
TALKING MACHINE RECORDS FOR SOLDIERS AND SAILORS AMERICAN GRAPHOPHONE CO. PLANS
New York Evening Journal, in Cartoon and Poem, Urges Public to Send Disc Records to Men
Now in Training for Military Service—The Value of Music in Preserving Morale
The important part that the talking- machine
plays in the life of the soldier or sailor has
heen strongly emphasized recently through the
energetic campaign being carried on by the New
the campaign has been immediately apparent,
with the result that practically every camp and
a great majority of the ships will have new sup-
plies of records for the Christmas season. The
©Star Publishing Co., 1917.
OVER HERE--AND OVER THERE
It is only a half-worn record
Of an old, familiar air,
And you hardly know that you hear H
As you doze in your Morris chair.
It is only a half-worn record
Of some old, familiar air,
Yet it makes of the dreary dugovt
A bit of home over there.
The sleet on the window rattles,
Cone are the shivering trenches
While the blnsts of Winter blow,
And the stretch of bloody loam;
But what do you care for Winter
Every heart with the music's turning
By your fireside's cheery glow?
Back to the Old Folk* at Home.
And each for his Annie Laurie
What is a half-worn record
And a ditty of other day*—
Would lay him down and d i e -
It ia Just a Song at Twilight,
Strange how a half-worn record
Brings a tear to the soldier's eye!
Heard through a dreamy haze.
C. B.
Q.
Cheer up our bey» m camp or abaira sh,«P by sending them any disc talking machine records you can
spare.
They will keep oar soldier and sailor lads in good spirits these long Wlntej evenings. Any Army or Navy agency will
gladly forward whatever reoords you may turn in.
N. Y. Evening Journal Cartoon and Poem Urging Gifts of Records to the Boys in Service
York Evening Journal to have talking machine contributions of records are being collected by
owners contribute new and old records for the the Y. M. C. A., who so far as possible will see
use of the men in camps or on ships. Several that they are distributed in accordance with the
days last week the Journal ran special front- expressed desires of the donor.
page stories emphasizing the desirability of talk-
ing machines for the lighting men and publish-
EXTRA VICTOR CO. DIVIDEND
ing letters from soldiers and sailors asking for
The Victor Talking Machine Co. has de-
records or telling of their appreciation of gifts
clared the regular quarterly dividend of 1% per
of records received.
On one evening the Evening Journal covered cent, on the preferred and 5 per cent, on the
four columns of its editorial page with the car- common stocks; and an extra dividend of 15 per
toon and accompanying bit of poetry reproduced cent, on the common. The extra dividend was
herewith, and it is reported that the effect of payable December 15.
Reorganization of Concern Under Way—New
Title to Be Columbia Graphophone Mfg. Co.
—Exchange of Stock to Be Made
Arrangements have been made by the Ameri-
can Graphophone Co. for a plan of reorganiza-
tion and exchange of stock, and a circular signed
1>y President Francis H. Whitten, outlining the
details of the plan, has just been mailed to the
stockholders. It involves the incorporation of
a new company, the Columbia Graphophone
Manufacturing Co. of Delaware, to succeed the
present American Graphophone Co. of West
Virginia, and stockholders are asked to exchange
their present holdings for shares in the new
company. The present company has outstand-
ing $2,500,000 non-cumulative preferred and
$7,500,000 common stock, both of $100 par value.
The new company is to have $15,000,000 7 per
cent, cumulative preferred, of $100 par, and
150,000 shares of common stock without par
value. This capitalization is considered suffi-
cient to meet the financial needs of the business
for some years.
Stockholders are offered four options under
which they may exchange their holdings, the
options expiring on May 1 next, with the pro-
vision that President Francis S. Whitten may
terminate it any time between February 1 and
May 1, 1918.
The holder of 100 shares of preferred can ex-
change his stock for 100 shares of preferred
and 25 shares of common of the new company;
or he can exchange it for 110 shares of new
common. If the holder wishes to divide his
option he can get 50 shares of new preferred
for 50 old preferred and 67 J / 2 shares of new
common for the other 50 shares of preferred.
The holder of 100 shares of common stock
can take 100 shares of new preferred and 20
shares of new common, or he can take 105
shares of new common in exchange. If he de-
sires to divide his option he can use 50 shares
for a like amount of new preferred and the
other 50 shares can be exchanged for 62J/4 shares
of new common.
There will be considerable of the capitaliza-
tion of the new company remaining after the
exchange is completed and this stock will be
kept for future needs. The change of the name
from the American Graphophone Co. to the Co-
lumbia Graphophone Manufacturing Co. is for
the purpose of associating the name of the com-
pany with the name of its product—the Columbia
Graphophone.
It is asserted that business has increased con-
siderably this year and sales for the eleven
months, both in America and Europe, were be-
tween 25 and 30 per cent, ahead of the same
period of 1916. Each month's sales this year
has shown an increase over the same month of
1916, and the largest month this year was No-
vember.
GENEROUS CHRISTMAS BONUS
For Employes of Otto Heineman Phonograph
Co.—Gets War Saving Certificates in Addition
The Otto Heineman Phonograph Supply Co.,
New York, presented its employes this week
with a handsome Christmas bonus in recognition
of the fact that they had contributed materially
to the closing of the company's biggest year.
In addition to this Christmas bonus, every
employe in the Heineman executive and sales
offices throughout the country was presented by
Mr. Heineman with a $5 war saving certificate,
and accompanying this certificate was a sugges-
tion from Mr. Heineman' that the employes rec-
ognize the Government's splendid thrift plan em-
bodied in this war saving stamp plan.