Music Trade Review
Issue: 1946 Vol. 105 N. 1 - Page 10
Music Trade Review -- © mbsi.org, arcade-museum.com -- digitized with support from namm.org
The J/lusk jf/taJe
REVIEW
Established 1879
CARLETON CHACE, Editor
Wm. J. Dougherty
Alexander Hart
Associate Editor
Technical Editor
Betty B. Borin
Circulation Manager
Published monthly at 510 RKO Building, Radio
City, 1270 Sixth Avenue, New York 20, N. Y.
Telephones: C l rcle 7 - 5842 • 5843 - 5844
Vol. 105
JANUARY, 1946
No.
I
GI's return. Many of them are going to take a fling at
going into some kind of a business of their own. It seems
that besides having an opportunity to borrow money as a
veteran the government guarantees them $100 per month.
In other words, if their business does not show a profit
of $100 per month the government will pay them the differ-
ence between what is made and the $100. So many are
taking advantage of this also. Now visualize where the
strikers are sitting. In fact they are just sitting, except
when they go to the bank and cash in their war bonds so
that they can buy food to eat. And war bonds constitute
90% of the savings of the industrial war workers, even
considering the high wages they were receiving, because
they were faced with the high cost of living all through the
war period. Now their war bond savings are going fast.
It isn't going to be long before they'll be begging for a job.
In our estimation that is what is going to settle these strikes.
The rank and file of labor do no want to strike in the first
place. It's the delegates and union leaders which force
them into it and unfortunately, although we are supposed
to live in a civilized country, through coercion. So, in our
estimation, the tighter the situation gets the sooner the
strikes will be settled and when they are the GIs will come
out of their shell and there will be plenty of employees for
everybody.
Strikes Help Deplete Purchasing Power
(HE unfortunate part of the whole situation is that
all the talk we used to hear about how people would
cash their war bonds and go on a spending spree is
liable
to
vanish into thin air. With millions of men out
NE would think that with all the GIs who are being
of
work
with
no possible opportunity to live except on
discharged from the Army, help would be plentiful.
their
savings,
the
purchasing power of the country is fast
On the contrary, along with all the other problems
which piano manufacturers have been facing comes lack of being depleted. It's the masses that makes for volume in
employees, we are told. Regarding this we were enlightened business but if the masses go broke then volume is stymied.
somewhat when we were told by a In the meantime the labor leaders are fattening their purses
GI who had just returned that the while ironically enough, through the sale of war bonds, the
reason many of them had not Government is supporting the wage earner and his family.
gone back to the mechanical or And, John Q. Public is taking it on the chin as usual. When
technical jobs they had when they the wage earner goes back to work with his savings gone,
went away, was on account of the he's not going to make it up. When he wants to buy a new
strikes which are now prevailing piano, automobile, radio, washing machine, refrigerator,
all over the country. It seems
or what-not, how is he going to do it? On time? Yes, if
that, if they did go back and a
he is making enough to pay the down payment now required
strike took place, they would be
and clean it up in 12 months. We venture to say, however,
out on a limb so far as their un-
that
instead of buying several items he'll be buying one at
employment insurance is con-
a
time
as his cost of living will still be high and even should
cerned. So, instead of seeking a
he
get
a nominal raise in wages he'll have all he can do
position, -thousands of them are
to
meet
his running expenses as overtime work will grow
applying for their unemployment
Carleton C/ioce
insurance and sitting tight until less and less. We assume pressure will then be brought on
the strikes are settled. Most of them can wait a long time the Federal Reserve Bank to lower down payments and
too, because we have yet to find one who has not returned extend longer terms of credit. When this happens we are
with plenty of cash in his jeans. With what he gets from again right back where we were before the war in so far
unemployment insurance he can carry on very comfortably as piano sales are concerned. Instead of 90% cash sales,
for some time to come. Then there is another phase to the it will be just the other way 'round.
Business —As
We See It
O
10
THE MUSIC TRADE REVIEW, JANUARY, 1946
The J/lusk jf/taJe
REVIEW
Established 1879
CARLETON CHACE, Editor
Wm. J. Dougherty
Alexander Hart
Associate Editor
Technical Editor
Betty B. Borin
Circulation Manager
Published monthly at 510 RKO Building, Radio
City, 1270 Sixth Avenue, New York 20, N. Y.
Telephones: C l rcle 7 - 5842 • 5843 - 5844
Vol. 105
JANUARY, 1946
No.
I
GI's return. Many of them are going to take a fling at
going into some kind of a business of their own. It seems
that besides having an opportunity to borrow money as a
veteran the government guarantees them $100 per month.
In other words, if their business does not show a profit
of $100 per month the government will pay them the differ-
ence between what is made and the $100. So many are
taking advantage of this also. Now visualize where the
strikers are sitting. In fact they are just sitting, except
when they go to the bank and cash in their war bonds so
that they can buy food to eat. And war bonds constitute
90% of the savings of the industrial war workers, even
considering the high wages they were receiving, because
they were faced with the high cost of living all through the
war period. Now their war bond savings are going fast.
It isn't going to be long before they'll be begging for a job.
In our estimation that is what is going to settle these strikes.
The rank and file of labor do no want to strike in the first
place. It's the delegates and union leaders which force
them into it and unfortunately, although we are supposed
to live in a civilized country, through coercion. So, in our
estimation, the tighter the situation gets the sooner the
strikes will be settled and when they are the GIs will come
out of their shell and there will be plenty of employees for
everybody.
Strikes Help Deplete Purchasing Power
(HE unfortunate part of the whole situation is that
all the talk we used to hear about how people would
cash their war bonds and go on a spending spree is
liable
to
vanish into thin air. With millions of men out
NE would think that with all the GIs who are being
of
work
with
no possible opportunity to live except on
discharged from the Army, help would be plentiful.
their
savings,
the
purchasing power of the country is fast
On the contrary, along with all the other problems
which piano manufacturers have been facing comes lack of being depleted. It's the masses that makes for volume in
employees, we are told. Regarding this we were enlightened business but if the masses go broke then volume is stymied.
somewhat when we were told by a In the meantime the labor leaders are fattening their purses
GI who had just returned that the while ironically enough, through the sale of war bonds, the
reason many of them had not Government is supporting the wage earner and his family.
gone back to the mechanical or And, John Q. Public is taking it on the chin as usual. When
technical jobs they had when they the wage earner goes back to work with his savings gone,
went away, was on account of the he's not going to make it up. When he wants to buy a new
strikes which are now prevailing piano, automobile, radio, washing machine, refrigerator,
all over the country. It seems
or what-not, how is he going to do it? On time? Yes, if
that, if they did go back and a
he is making enough to pay the down payment now required
strike took place, they would be
and clean it up in 12 months. We venture to say, however,
out on a limb so far as their un-
that
instead of buying several items he'll be buying one at
employment insurance is con-
a
time
as his cost of living will still be high and even should
cerned. So, instead of seeking a
he
get
a nominal raise in wages he'll have all he can do
position, -thousands of them are
to
meet
his running expenses as overtime work will grow
applying for their unemployment
Carleton C/ioce
insurance and sitting tight until less and less. We assume pressure will then be brought on
the strikes are settled. Most of them can wait a long time the Federal Reserve Bank to lower down payments and
too, because we have yet to find one who has not returned extend longer terms of credit. When this happens we are
with plenty of cash in his jeans. With what he gets from again right back where we were before the war in so far
unemployment insurance he can carry on very comfortably as piano sales are concerned. Instead of 90% cash sales,
for some time to come. Then there is another phase to the it will be just the other way 'round.
Business —As
We See It
O
10
THE MUSIC TRADE REVIEW, JANUARY, 1946
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