Music Trade Review
Issue: 1918 Vol. 67 N. 24 - Page 5
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
DECEMBER 14,
THE MUSIC TRADE REVIEW
1918
VICTORY AND THE LESSONS OF THE WAR
(Continued from page 3)
more carefully watched credits and a stiffer lip in the wholesale collections. We have handled more cash
than ever. We are in a sounder position than ever before. Shall we now helplessly slide back into the
old routine? We believe not.
The war has taught us much; and on the whole its lessons have been highly salutary. We should
be very foolish indeed not to be extremely thankful for our sometimes terrifying, always interesting,
experiences of the past year.
Victory is come. The world's great task now is to preserve its fruits. We have won victories, too,
victories over evil methods and wrong ideas. May we, too, preserve the fruits of them to all time.
This is the thought that goes forth to our readers with the near approach to the closing of a year
that will go down in history as one that adds unparalleled prestige and deserved honor and glory to the
United States for the generous and noble part it has played in saving the world from demoralization
and disaster.
The music trade industry has indeed reason to feel proud that music has played such a formidable
and beneficent part in promoting patriotism, in stimulating devotion, and in focusing the spirit of the
nation toward the success which has been so notably achieved.
suggested was a provision for conversion of the war finance cor-
poration into a peace finance corporation with broadened powers
and the right to enter the foreign field of business in aiding Ameri-
can business. It should be permitted, Mr. Warburg believes, to
issue its own obligations against foreign securities acquired; it
should have entire freedom from matters of state. Membership
on the corporation board, he said, should be designated, one each
by various department heads. This would insure that competent,
able and efficient men be named.
Mr. Warburg said he considered that an early withdrawal of
the hand of the Government from its war activities in business was
advisable and possible. Especially is this true regarding regulation
of production and prices, he pointed out. Prompt cancelation of
contracts and prompt liquidation of indebtedness incurred through
contractural obligations will go far to ease the general situation, he
held, urging that "the slate should be cleared as soon as possible
while new business knocks at our doors."
HE War Revenue bill, as it was reported out by the Senate
Finance Committee last week, is much more favorable to the
music industry than the original bill upon leaving the house. How-
ever, it still provides for a 5 per cent, excise tax on pianos and
organs, as well as upon piano players and talking machines, which
fact may bring further argument from trade representatives.
T
Iff,
deniifuuoui^^^business with
ALWAYS
RELIABLE
UNIFORMLY
GOOD
PIANOS 1 PLAYEE5
The high standard of tone quality, workmanship and
finish found in these instruments create that atmosphere
of refinement which attracts the best class of trade.
They are made to please the discriminating and exacting.
BOGART PIANO CO., 9-11 Canal PL, NEW YORK
_
DECEMBER 14,
THE MUSIC TRADE REVIEW
1918
VICTORY AND THE LESSONS OF THE WAR
(Continued from page 3)
more carefully watched credits and a stiffer lip in the wholesale collections. We have handled more cash
than ever. We are in a sounder position than ever before. Shall we now helplessly slide back into the
old routine? We believe not.
The war has taught us much; and on the whole its lessons have been highly salutary. We should
be very foolish indeed not to be extremely thankful for our sometimes terrifying, always interesting,
experiences of the past year.
Victory is come. The world's great task now is to preserve its fruits. We have won victories, too,
victories over evil methods and wrong ideas. May we, too, preserve the fruits of them to all time.
This is the thought that goes forth to our readers with the near approach to the closing of a year
that will go down in history as one that adds unparalleled prestige and deserved honor and glory to the
United States for the generous and noble part it has played in saving the world from demoralization
and disaster.
The music trade industry has indeed reason to feel proud that music has played such a formidable
and beneficent part in promoting patriotism, in stimulating devotion, and in focusing the spirit of the
nation toward the success which has been so notably achieved.
suggested was a provision for conversion of the war finance cor-
poration into a peace finance corporation with broadened powers
and the right to enter the foreign field of business in aiding Ameri-
can business. It should be permitted, Mr. Warburg believes, to
issue its own obligations against foreign securities acquired; it
should have entire freedom from matters of state. Membership
on the corporation board, he said, should be designated, one each
by various department heads. This would insure that competent,
able and efficient men be named.
Mr. Warburg said he considered that an early withdrawal of
the hand of the Government from its war activities in business was
advisable and possible. Especially is this true regarding regulation
of production and prices, he pointed out. Prompt cancelation of
contracts and prompt liquidation of indebtedness incurred through
contractural obligations will go far to ease the general situation, he
held, urging that "the slate should be cleared as soon as possible
while new business knocks at our doors."
HE War Revenue bill, as it was reported out by the Senate
Finance Committee last week, is much more favorable to the
music industry than the original bill upon leaving the house. How-
ever, it still provides for a 5 per cent, excise tax on pianos and
organs, as well as upon piano players and talking machines, which
fact may bring further argument from trade representatives.
T
Iff,
deniifuuoui^^^business with
ALWAYS
RELIABLE
UNIFORMLY
GOOD
PIANOS 1 PLAYEE5
The high standard of tone quality, workmanship and
finish found in these instruments create that atmosphere
of refinement which attracts the best class of trade.
They are made to please the discriminating and exacting.
BOGART PIANO CO., 9-11 Canal PL, NEW YORK
_
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