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Music Trade Review

Issue: 1918 Vol. 66 N. 15 - Page 51

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Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
APRIL 13,
1918
THE
MUSIC TRADE REVIEW
EDISON EMPLOYES DISCUSS THE THIRD LIBERTY LOAN
Meeting and Dinner Held in Orange, N. J., Attended by Many Prominent Speakers Who Tell of
the Work Already Accomplished by Our Government in Prosecuting the War
On April 2 the Edison Employes' war com-
mittee of 200 members assembled in the Edi-
son Building to dine and discuss the Third
Liberty Loan.
William Maxwell, vice-presi-
dent and manager of the musical phonograph
division, acted as chairman, and in his opening
remarks made humorous reference to three
chairs in the background which were labeled
ingly interesting, particularly the reference to
ignore the muck-raker. Dr. Hutchison claimed
that despite all the newspaper talk of the muck-
rakers that nothing had been done, a great deal
had been accomplished. Aeroplanes were be-
ing sent over by every ship, not completed but
in parts and assembled on the other side, and
that hundreds of American machines were at
IBiPMlWHHMHI
A Section of the Head Table at the Edison Liberty Loan Banquet
"For the Newlyweds, Mr. ami Mrs. Charles present in the air over there. It is compara-
Edison."
Mr. Maxwell stated that the three tively easy, asserted Dr. Hutchison, to get a
chairs meant three cheers for Mr. Edison and reputation by muck-raking, but it would be a
his bride, and they were given with a will.
great deal better for everybody concerned if
The first man introduced was William Mead- they did something instead of talk. We are not
owcroft, assistant to Thomas A. Edison, who in it for fun but for good, and we will not stop
Material
read the following telegram from the inventor. until things are over "over there."
is going over with every ship and no little
who is at present in the South:
"William Meadowcroft, Edison. Laboratory, seventy-two-mile gun can bluff us because we're
in the game to win.
Orange, N. J.
"Say to the committee T am highly pleased
At the conclusion of his remarks, which were
that they have all banded together to help the heartily applauded. Dr. Hutchison claimed that
Government. Our Government suits us because many of Mr. Edison's inventions were holding
we make it ourselves and we will fight to main- up his reputation as an inventor on the other
tain it and all other governments, of which the side.
people are masters, against any predatory ag-
gression of barbarians.—Edison. 1 '
COLUMBIA GRAPHOPHONE MFG. CO.
Mr. Meadowcroft then emphasized the tre-
President
Whitten Announces Change of Name
mendous amount of time, effort and money that
of American Graphophone Co.—Explains That
Mr. Edison is expending for the Government
Personnel or Policy Will Not Be Affected
and for which he refuses to accept one cent in
payment.
Francis S. Whitten, president of the Columbia
Mr. Maxwell discussed the telegram and re-
marked that America should not feel over-se- Graphophone Co. and the American Grapho-
cure. The Germans were only sixty miles from phone Co., sent out a letter this week to Colum-
Paris but 3,000 from Washington, which acted bia representatives formally announcing the
as a present source of self-defense, but unless change of the latter company's name to the Co-
everybody got in and did the best that they were .lumbia Graphophone Mfg. Co. The name of
capable of, God help us all. In the course of the Columbia Graphophone Co. remains as it is
his talk Mr. Maxwell declared that it was his at the present time, and the letter announcing
opinion that the war would be decided this year, the American Graphophone Co.'s change in name
and from newspaper comment that our boys reads as follows:
"As of this date, April 1, the name of the
were evidently in the big tight to-day and were
carrying on to the best of their ability.
He American Graphophone Co. is changed to that
said that we must all do as the Government bid of the Columbia Graphophone Mfg. Co. This
us without any heroics, that we were to exer- change is made pursuant to a special meeting
cise our influence whatever work is to be done of the stockholders,.-of- the American Grapho-
and to do whatever work was assigned to us to phone Co. held on March 25, 1918, at which
the best of our ability.
time the officers and directors of the company
He then introduced W. S. Mallory, vice-presi- were authorized to sell and transfer practically
dent and manager of the Edison Cement Works all the assets of the American Graphophone
at New Village, N. J., the division that made Co. to the Columbia Graphophone Mfg. Co.,
such a splendid record at the last Liberty Loan under a reorganization plan dated December 14,
drive. Mr. Mallory said that Mr. Maxwell had 1917.
"The names of the American Graphophone
started the campaign and said that he looked
for big things, and that the Cement W r orks Co. and the Columbia Graphophone Co. have
would show up as well in the Third Liberty always been more or less confusing to our
Loan as in the others that preceded it.
dealers, and for this reason and other advantages
Mr. Maxwell next introduced Dr. Miller Reese in the reorganization, we have changed the
Hutchison, who is a member of the Naval Con- name 'American Graphophone Co." to 'Colum-
sulting Board, and whose remarks were exceed- bia Graphophone Mfg. Co.'
51
In the matter of the loan, Dr. Hutchison sub-
scribed $10,000 on the spot, and declared that he
believed the employes of the Edison Co. would
excel their excellent records in connection with
the first and second Liberty Loans.
Mr. Maxwell, after the applause had subsided,
said that it was not the intention of the meet-
ing to start subscriptions, but Dr. Hutchison had
the honor to be the starter. Mr. Maxwell then
introduced whom he called the get-the-money-
man, Gene Philips, credit manager. Mr. Philips
characterized his talk as the bum show after a
star act. He congratulated everybody on the
War Savings Stamp effort, and said that, al-
though all the details hadn't been received the
rate of the new loan will be 4^4 per cent., which
was exceedingly liberal considering that it was
backed by the best security in the world and
that savings banks only gave 4 per cent. Mr.
Philips quoted from figures. He said that up
to March 12 there had been invested in War
Savings Stamps in the country $06,298,402, and
he also thought that by April 2 at least $100,-
000,000 worth of War Savings Stamps had been
sold. He also illustrated by figures the vast
increase in our armed forces showing how the
men of the country had rallied to the colors.
Mr. Philips said that despite the fact of all
their bragging, the Germans would never reach
Paris, and that it was up to us to make a busi-
ness of winning the war.
At-this point Mr. Maxwell said that it would
be the best time to introduce the author of this
siogan, "Make a Business of Winning the War,"
and introduced Nelson C. Durand. Mr. Durand
said that it was up to everybody to "make a
business of winning the war." He said that it
might be necessary, as in the Civil War, for
the women to make bandages, etc., and he char-
acterized' the mere giving of money as a joke
compared to the sacrifices our soldier boys were
making. He said that the Edison organization
had been investing over $2,100 a week in War
Savings Stamps.
The music was furnished by the Edison Band,
the Edisonian Choral Society and two soloists,
all members of the extensive Edison organiza-
tion in Orange.
"The Columbia Graphophone Mfg. Co. as-
sumes all the liabilities of the American Grapho-
phone Co., and the officers, directors and depart-
ment heads of the Columbia Graphophone Mfg.
Co. are now occupying the same positions they
previously held with the American Grapho-
phone Co.
"The change in question does not in any way
affect your relations with the Columbia Grapho-
phone Co., which continues to be the sole sales
agent of the Columbia Graphophone Mfg. Co.
as it previously was of the American Grapho-
phone Co."
PENNINGTON ON WESTERN TRIP
Assistant General Sales Manager of Columbia
Co. to Visit Company's Branches
Frank K. Pennington, assistant general sales
manager of the Columbia Graphophone Co.,
left Wednesd-ay night for a trip to the Columbia
branches in Pittsburgh, Cincinnati, Cleveland
and Detroit.
Before leaving for the West Mr. Pennington
commented upon the fact that the Columbia Co.
closed in March the biggest month in the his-
tory of its business. This record is remarkable
in many respects, and indicates the wonderful
strides which the Columbia Co. has made dur-
ing the past year. April has also started in as
a record-breaker, and it is quite possible that
this month will outdistance the figures for
March, as prospects for business are excellent
in all sections of the country.

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