Music Trade Review
Issue: 1929 Vol. 88 N. 17 - Page 3
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
News Number
THE
JiUJIC TIRADE
VOL. 88. No. 17
Published Weekly.
Federated Business Publications, Inc., 420 Lexington Ave., New York, N. Y. April 2 7 , 1 9 2 9
Single Copies 10 Centtt
$2.00 Per Year
California Trade Interests
Defeat Objectionable Bill
Proposed Legislation, "Tabled" by Senate Judiciary Committee, Retailers in Milwaukee
to Have Code of Ethics
Would Have Required Recording in That State of All
MILWAUKEE, WIS., April 22.—Music dealers of
Personal Property Sales Contracts
Milwaukee are interested in the fact that a spe-
AlN FRANCISCO, CAL., April 18.—California State Senate Bill 775, which, if passed, would
have required the recording of all personal property sales contracts, was "tabled" on the eve-
ning of April 15 by the Senate Judiciary Committee. There was a strong committee at
the hearing before the Senate Judiciary Committee. R. B. Miller, secretary of the Music Trades
Association of Northern California, and representatives of a number of other trade associations
and retail merchants' associations, including George Curtiss, secretary of the Pacific Radio Trade
Association, were all there tc point out their
reasons for opposing the bill.
pass on to consumers as a tax. These consum-
It was only concerted, capable action ami a ers, who would be penalized for purchasing on
showing of how the bill would have affected ad- instalments, are wage earners who can least
versely many trades and industries that suc- afford this additional expense."
Other objections cited before the Senate Ju-
ceeded in tabling it. As such a bill may be
diciary Committee by the retail merchants are
brought up in other States, a brief statement of
the reasons for opposing it may be of interest: that it is unfair to embarrass those who pur-
"Almost every important trade sells merchan- chase personal property on instalments by re-
dise (personal property) on conditional sales cording and making public these transactions;
contracts. This is highly desirable in the inter- that with a recording law effective, unrecorded
est of regular quantity production, lower unit contracts have no greater book value as an as-
prices and steady employment; also in the in- set than an open account. This means a shrink-
terest of the consuming public by making age of 25 per cent to 50 per cent in the actual
available the systematic budgeting of incomes value of such accounts.
It was also stated that in the State of Wash-
and the acquisition of necessities otherwise im-
possible. Commodities sold on conditional sales ington, where such a law is now operative, all
contracts include musical instruments and radio of the above objections are substantiated. Busi-
ness has actually been driven from that State
sets.
"There are approximately 12,000 of such into Oregon, by the necessity for recording.
transactions (in about fifteen commodities, in-
cluding clothing, furniture, etc.) daily in Cal-
ifornia, about three and one hah million annu-
ally, or ten million in three years, which is the
GREENSBUHC;, PA., April 22.—L. Gordon Clark,
period over which these records would neces-
doing business as the Clark Music Company,
sarily accumulate.
filed a voluntary petition in bankruptcy in the
"DIFFICULTY IN REFERRING TO REC-
United States District Court here. The sched-
ORDATIONS:
ules filed show liabilities $13,964 and assets,
"With an accumulation of 10,000,000 personal
$5,820. J. Raymond Sowash, of this city, was
property recordations in three years, the com-
named as referee in the case.
plicated system of records required would
make it impossible for the average citizen to
ascertain legal title. Personal Property Title
Research Companies would become necessary
The name of the Vandenburg Music Co.,
with additional fees and complications.
"The minimum recording expense would be 118 North Washington street, Green Bay,
$1.00 per transaction. With 12,000 transactions Wis., has been changed to the Mann-Foster
daily this would mean that an unnecessary ad- Music Co. with O. F. Mann as president and
ditional expense of at least $12,000 per day or treasurer, and J. M. Foster as secretary. The
$3,600,000 per year would be incurred by mer- business was originally incorporated in 1915
chants and which they would be compelled to and has been successful.
S
Store in Bankruptcy
Now Mann-Foster Go.
3
cial committee of the Association of Commerce
retail committee is preparing a "code of
ethics" to be followed by all lines of retail
business. The code will establish standards
for stores in dealing with the public, with
employes and in general business methods.
The objective is to correct certain trade abuses.
A section applying to unfair competition em-
braces such practices as inflation of credit,
overexpansion and overstimulation of sales,
and false advertising. It has been voted to take
the recently issued code of ethics for all busi-
ness submitted by the United States Cham-
ber of Commerce.
The local Association of Commerce monthly
report indicates that all retail stores in the city
got their full share of business during the
month of March and individual music dealers
have expressed satisfaction over their book
showings for that period. The Credit Bureau
of the Association of Commerce gave to mem-
ber stores 11,641 person credit ratings as com-
pared with 8,941 for March last year, an in-
crease of 2,700, or 24 per cent.
Will A. Watkin to Be Active
in Rotary Club Convention
Will A. Watkin, president of the Will A.
Watkin Co., Dallas, Tex., will take a prominent
part in the International Rotary Club conven-
tion to be held in that city from May 27 to
31. Mr. Watkin will be the convenor for the
Vocation Service Craft Assembly under the
classification "Fine Arts, Section 2—Musical
Instruments and Merchandise," and will also
be a member of the committee looking out for
the entertainment of the ladies. The Watkin
store will be thrown open to the rotarians dur-
ing the convention.
Opens Ninth Branch Store
Select Furniture Co., of Buffalo, which main-
tains music departments in its chain of stores
in and near that city, has just opened its ninth
branch at 45 Main street, Tonawanda, N. Y.
News Number
THE
JiUJIC TIRADE
VOL. 88. No. 17
Published Weekly.
Federated Business Publications, Inc., 420 Lexington Ave., New York, N. Y. April 2 7 , 1 9 2 9
Single Copies 10 Centtt
$2.00 Per Year
California Trade Interests
Defeat Objectionable Bill
Proposed Legislation, "Tabled" by Senate Judiciary Committee, Retailers in Milwaukee
to Have Code of Ethics
Would Have Required Recording in That State of All
MILWAUKEE, WIS., April 22.—Music dealers of
Personal Property Sales Contracts
Milwaukee are interested in the fact that a spe-
AlN FRANCISCO, CAL., April 18.—California State Senate Bill 775, which, if passed, would
have required the recording of all personal property sales contracts, was "tabled" on the eve-
ning of April 15 by the Senate Judiciary Committee. There was a strong committee at
the hearing before the Senate Judiciary Committee. R. B. Miller, secretary of the Music Trades
Association of Northern California, and representatives of a number of other trade associations
and retail merchants' associations, including George Curtiss, secretary of the Pacific Radio Trade
Association, were all there tc point out their
reasons for opposing the bill.
pass on to consumers as a tax. These consum-
It was only concerted, capable action ami a ers, who would be penalized for purchasing on
showing of how the bill would have affected ad- instalments, are wage earners who can least
versely many trades and industries that suc- afford this additional expense."
Other objections cited before the Senate Ju-
ceeded in tabling it. As such a bill may be
diciary Committee by the retail merchants are
brought up in other States, a brief statement of
the reasons for opposing it may be of interest: that it is unfair to embarrass those who pur-
"Almost every important trade sells merchan- chase personal property on instalments by re-
dise (personal property) on conditional sales cording and making public these transactions;
contracts. This is highly desirable in the inter- that with a recording law effective, unrecorded
est of regular quantity production, lower unit contracts have no greater book value as an as-
prices and steady employment; also in the in- set than an open account. This means a shrink-
terest of the consuming public by making age of 25 per cent to 50 per cent in the actual
available the systematic budgeting of incomes value of such accounts.
It was also stated that in the State of Wash-
and the acquisition of necessities otherwise im-
possible. Commodities sold on conditional sales ington, where such a law is now operative, all
contracts include musical instruments and radio of the above objections are substantiated. Busi-
ness has actually been driven from that State
sets.
"There are approximately 12,000 of such into Oregon, by the necessity for recording.
transactions (in about fifteen commodities, in-
cluding clothing, furniture, etc.) daily in Cal-
ifornia, about three and one hah million annu-
ally, or ten million in three years, which is the
GREENSBUHC;, PA., April 22.—L. Gordon Clark,
period over which these records would neces-
doing business as the Clark Music Company,
sarily accumulate.
filed a voluntary petition in bankruptcy in the
"DIFFICULTY IN REFERRING TO REC-
United States District Court here. The sched-
ORDATIONS:
ules filed show liabilities $13,964 and assets,
"With an accumulation of 10,000,000 personal
$5,820. J. Raymond Sowash, of this city, was
property recordations in three years, the com-
named as referee in the case.
plicated system of records required would
make it impossible for the average citizen to
ascertain legal title. Personal Property Title
Research Companies would become necessary
The name of the Vandenburg Music Co.,
with additional fees and complications.
"The minimum recording expense would be 118 North Washington street, Green Bay,
$1.00 per transaction. With 12,000 transactions Wis., has been changed to the Mann-Foster
daily this would mean that an unnecessary ad- Music Co. with O. F. Mann as president and
ditional expense of at least $12,000 per day or treasurer, and J. M. Foster as secretary. The
$3,600,000 per year would be incurred by mer- business was originally incorporated in 1915
chants and which they would be compelled to and has been successful.
S
Store in Bankruptcy
Now Mann-Foster Go.
3
cial committee of the Association of Commerce
retail committee is preparing a "code of
ethics" to be followed by all lines of retail
business. The code will establish standards
for stores in dealing with the public, with
employes and in general business methods.
The objective is to correct certain trade abuses.
A section applying to unfair competition em-
braces such practices as inflation of credit,
overexpansion and overstimulation of sales,
and false advertising. It has been voted to take
the recently issued code of ethics for all busi-
ness submitted by the United States Cham-
ber of Commerce.
The local Association of Commerce monthly
report indicates that all retail stores in the city
got their full share of business during the
month of March and individual music dealers
have expressed satisfaction over their book
showings for that period. The Credit Bureau
of the Association of Commerce gave to mem-
ber stores 11,641 person credit ratings as com-
pared with 8,941 for March last year, an in-
crease of 2,700, or 24 per cent.
Will A. Watkin to Be Active
in Rotary Club Convention
Will A. Watkin, president of the Will A.
Watkin Co., Dallas, Tex., will take a prominent
part in the International Rotary Club conven-
tion to be held in that city from May 27 to
31. Mr. Watkin will be the convenor for the
Vocation Service Craft Assembly under the
classification "Fine Arts, Section 2—Musical
Instruments and Merchandise," and will also
be a member of the committee looking out for
the entertainment of the ladies. The Watkin
store will be thrown open to the rotarians dur-
ing the convention.
Opens Ninth Branch Store
Select Furniture Co., of Buffalo, which main-
tains music departments in its chain of stores
in and near that city, has just opened its ninth
branch at 45 Main street, Tonawanda, N. Y.
Future scanning projects are planned by the International Arcade Museum Library (IAML).