Music Trade Review
Issue: 1920 Vol. 70 N. 12 - Page 50
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
THE
46
MUSIC TRADE
REVIEW
MARCH 20,
1920
NEW ENGLISH CORPORATION
PRESENT FEDERALJAX A BURDEN
ATTRACTIVE COLUMBIA EXHIBIT
General Phonograph Corp., Ltd., Organized
With Headquarters in London—A. J. Bal-
combe Appointed General Manager
President of Columbia Graphophone Co. Points
Out Need for Legislative Action
Columbia Line Well Featured at Recent Con-
vention of Educational Association
The report of the Columbia Graphophone
Co. for the year ended Dec. 31, 1919, shows a
net profit after the deduction of all charges
and Federal taxes amounting to $3,624,202,
which, after the deduction of preferred divi-
dends, was equivalent to ^3.32 a share earned
on the 858,471 shares of common stock of no
par value outstanding.
The company's earnings from all sources dur-
ing the year, before the deduction of any
charges, were $7,793,044. A reserve of $3,624,-
202 was set aside to meet Federal taxes and
the report shows a profit and loss surplus of
The accompanying illustration presents a view
of the booth maintained by the Columbia
Craphophone Co. at the recent convention of
the superintendents' department of the National
Education Association, held in Cleveland. As
Coincident with the recent visit of A. J. Bal-
combe, general manager of the Great Britain
interests of the General Phonograph Corp., Otto
Heineman, president of the corporation, an-
nounced the formation of a new company, which
will be k p !O\vn as the General Phonograph
$2,864,544.
Francis S. Whitten, president of the com-
pany, in his remarks to stockholders said re-
garding taxes:
"The year just closed has been in many re-
spects a most unusual one, and your company
would have shown much larger net earnings
were it not for the unfavorable Federal tax law
now in operation, which resulted in over 45
per cent of the company's net profits in 1919
being paid the Federal Government as taxes.
"It is to be hoped that Congress will take
action in 1920 which will change this unwise
law and permit your company to show earnings
which will reflect the unceasing effort of the
management during the last three years to
make your company the leader in the talking
machine industry."
Columbia Booth at Educational Convention
mentioned in last week's Review, this exhibit
attracted considerable attention, and the various
representatives of the Columbia educational de-
partment who were in attendance at the conven-
tion furnished the superintendents with invalu-
able data regarding the importance of the
Grafonola in school work.
Four booths, sound-proof and finished in gray,
for demonstration of Victor records have been
added to the music department of the Gintz
Co.'s store at New Philadelphia, O., one of
New Philadelphia's most modern music stores.
JAMES MONTGOMERY FLAGG SKETCHES MISS ANNA CASE
A. J. Balcombe
Corp., Limited, with headquarters in London.
The new corporation will be in charge of the
Great Britain interests of the General Phono-
graph Corp. and A. J. Balcombe will be general
manager.
Mr. Balcombe is one of the veterans of the
talking machine industry, having been associated
with the trade for over twenty-five years. He is
thoroughly conversant with every phase of the
field and has a host of friends abroad who will
undoubtedly co-operate with him to excellent
advantage in developing a demand for the Gen-
eral Phonograph Corp.'s products. Mr. Bal-
comb,e, who returned to England last week on
the "Baltic," commented upon the enthusiastic
reception being accorded the motors, tone arms
and sound boxes manufactured by the General
Phonograph Corp. He stated that the outlook
for the talking machine industry in Great
Britain gives every reason for optimism, as the
talking machine manufacturers throughout Eng-
land are making plans for a heafthy future busi-
ness.
Following the remarkable Edison tone test
held at Carnegie Hall on March 10, the story of
which appeared exclusively in The Review last
week, Anna Case, the famous American soprano
pressed by the tone reproduction of the New
Edison. In the photograph he is seen drawing
Miss Case as she stands beside the instrument.
The inserts show, left to right: Arthur Walsh,
DOING WELL WITH THE PATHE
Economy Variety Store, Centralia, 111., Selling
Large Numbers of Pathe Machines
CENTRALIA, III., March 15.—The Economy Va-
riety Store, of this city, is dcing big things with
the Pathe line which' it carries. The latest cen-
sus reports gives the population of Centralia as
12;000, and there are seven other lines of phono
graphs sold in this town. E. S. Holland, man-
ager of the phonograph and record department
is successfully meeting this competition and has
laid plans -for 1920 that will enable his firm to
eclipse all former records.
Consult the universal Want Directory of
The Review. In it advertisements are inserted
free of charge for men who desire positions.
Miss Anna Case, Posing for James Montgomery Flagg
and popular Edison artist, posed for James director of the recital department of Thomas A.
Montgomery Flagg, who is one of the most Edison, Inc., who was in charge of the Carnegie
widely known modern illustrators. Mr. Flagg, Hall recital; Victor Young, pianist, and William
who was present at the recital, was greatly im- Reed, flutist.
THE
46
MUSIC TRADE
REVIEW
MARCH 20,
1920
NEW ENGLISH CORPORATION
PRESENT FEDERALJAX A BURDEN
ATTRACTIVE COLUMBIA EXHIBIT
General Phonograph Corp., Ltd., Organized
With Headquarters in London—A. J. Bal-
combe Appointed General Manager
President of Columbia Graphophone Co. Points
Out Need for Legislative Action
Columbia Line Well Featured at Recent Con-
vention of Educational Association
The report of the Columbia Graphophone
Co. for the year ended Dec. 31, 1919, shows a
net profit after the deduction of all charges
and Federal taxes amounting to $3,624,202,
which, after the deduction of preferred divi-
dends, was equivalent to ^3.32 a share earned
on the 858,471 shares of common stock of no
par value outstanding.
The company's earnings from all sources dur-
ing the year, before the deduction of any
charges, were $7,793,044. A reserve of $3,624,-
202 was set aside to meet Federal taxes and
the report shows a profit and loss surplus of
The accompanying illustration presents a view
of the booth maintained by the Columbia
Craphophone Co. at the recent convention of
the superintendents' department of the National
Education Association, held in Cleveland. As
Coincident with the recent visit of A. J. Bal-
combe, general manager of the Great Britain
interests of the General Phonograph Corp., Otto
Heineman, president of the corporation, an-
nounced the formation of a new company, which
will be k p !O\vn as the General Phonograph
$2,864,544.
Francis S. Whitten, president of the com-
pany, in his remarks to stockholders said re-
garding taxes:
"The year just closed has been in many re-
spects a most unusual one, and your company
would have shown much larger net earnings
were it not for the unfavorable Federal tax law
now in operation, which resulted in over 45
per cent of the company's net profits in 1919
being paid the Federal Government as taxes.
"It is to be hoped that Congress will take
action in 1920 which will change this unwise
law and permit your company to show earnings
which will reflect the unceasing effort of the
management during the last three years to
make your company the leader in the talking
machine industry."
Columbia Booth at Educational Convention
mentioned in last week's Review, this exhibit
attracted considerable attention, and the various
representatives of the Columbia educational de-
partment who were in attendance at the conven-
tion furnished the superintendents with invalu-
able data regarding the importance of the
Grafonola in school work.
Four booths, sound-proof and finished in gray,
for demonstration of Victor records have been
added to the music department of the Gintz
Co.'s store at New Philadelphia, O., one of
New Philadelphia's most modern music stores.
JAMES MONTGOMERY FLAGG SKETCHES MISS ANNA CASE
A. J. Balcombe
Corp., Limited, with headquarters in London.
The new corporation will be in charge of the
Great Britain interests of the General Phono-
graph Corp. and A. J. Balcombe will be general
manager.
Mr. Balcombe is one of the veterans of the
talking machine industry, having been associated
with the trade for over twenty-five years. He is
thoroughly conversant with every phase of the
field and has a host of friends abroad who will
undoubtedly co-operate with him to excellent
advantage in developing a demand for the Gen-
eral Phonograph Corp.'s products. Mr. Bal-
comb,e, who returned to England last week on
the "Baltic," commented upon the enthusiastic
reception being accorded the motors, tone arms
and sound boxes manufactured by the General
Phonograph Corp. He stated that the outlook
for the talking machine industry in Great
Britain gives every reason for optimism, as the
talking machine manufacturers throughout Eng-
land are making plans for a heafthy future busi-
ness.
Following the remarkable Edison tone test
held at Carnegie Hall on March 10, the story of
which appeared exclusively in The Review last
week, Anna Case, the famous American soprano
pressed by the tone reproduction of the New
Edison. In the photograph he is seen drawing
Miss Case as she stands beside the instrument.
The inserts show, left to right: Arthur Walsh,
DOING WELL WITH THE PATHE
Economy Variety Store, Centralia, 111., Selling
Large Numbers of Pathe Machines
CENTRALIA, III., March 15.—The Economy Va-
riety Store, of this city, is dcing big things with
the Pathe line which' it carries. The latest cen-
sus reports gives the population of Centralia as
12;000, and there are seven other lines of phono
graphs sold in this town. E. S. Holland, man-
ager of the phonograph and record department
is successfully meeting this competition and has
laid plans -for 1920 that will enable his firm to
eclipse all former records.
Consult the universal Want Directory of
The Review. In it advertisements are inserted
free of charge for men who desire positions.
Miss Anna Case, Posing for James Montgomery Flagg
and popular Edison artist, posed for James director of the recital department of Thomas A.
Montgomery Flagg, who is one of the most Edison, Inc., who was in charge of the Carnegie
widely known modern illustrators. Mr. Flagg, Hall recital; Victor Young, pianist, and William
who was present at the recital, was greatly im- Reed, flutist.
Future scanning projects are planned by the International Arcade Museum Library (IAML).