11
PRESTO
March 25, 1920.
MERCHANTS' ASSOCIATION
TO RESUME SUMMER MEETINGS
Believing One Session a Year Is Too Little, Execu-
tive Committee Decides to Meet in June.
One of the important decisions reached by the
Executive Committee of the National Association of
Music Merchants at the recent convention was to
resume the mid-season meetings of that committee.
When the conventions were held in June this mid-
winter meeting was held in January. It has now been
determined to hold this meeting in June. It was
felt that a period of one year was altogether too
long between meetings of the Executive Committee.
The affairs of the association have grown to such
magnitude, and questions of such vital moment are
constantly arising, that it was determined to restore
these mid-season meetings so that the business of
the association would be carried on in a progressive
manner.
At these meetings new plans are discussed and
prepared for submission to the main body at conven-
tion time; details of the convention are planned for,
and the general activities of the officers and commit-
tees are reviewed. They are meetings of the utmost
importance in promoting the success of the associa-
tion, and to prevent that sagging of interest that is
sure to follow when a committee meets only once a
year.
This year's meeting will be held at Atlantic City
in June, and it is whispered that the "golf hounds"
are stealthily practicing for a "round" or two after
the business of the meeting has been disposed of.
BUSH & GERTS ROAD MEN.
A conference of the Bush & Gerts Piano Com-
pany's traveling salesmen from every state in the
Union was held at the Bush & Gerts main offices,
Weed and Dayton streets, Chicago, on Monday,
March 15. All of the Bush & Gerts travelers were
present and conferred with General Manager W. S.
Miller. The demand was reported active for the
goods of this house, and the men were instructed to
go out and do all their work carefully, and not to
accept long-time paper accounts.
AEOLIAN CO.'S DIVIDENDS.
Regular quarterly dividends of 1^4 per cent were
declared last week on the preferred stocks of the
Aeolian Company, Weber Piano Company and Aeol-
ian Weber Piano and Pianola Company, New York,
payable March 31 to holders of record March 20.
HPHE recent purchase of many A. B. Chase
uprights by the Los Angeles, Chicago,
Mansfield and Twin Falls High Schools,
Michigan Union, Wellesley College, Mar-
quette and South Western Conservatories and
the unqualified endorsements of Oberlin and
Ohio Wesleyan Conservatories for over thirty
years, demonstrate the unequaled quality
and durability of the
A. B. CHASE UPRIGHT PIANO
Limited Territory Open
Correspondence Invited
A. B. CHASE PIANO CO., Inc.
FACTORY:
EXECUTIVE OFFICES:
Norwalk, Ohio
9 East 45th St., New York City
F.Q. SMITH, INC., AND
WILCOX&WHITEJOIN
Representing Combined Assets of Over $2,-
500,000, the Two Old and Distinguished
Industries Have Consolidated Their
Powerful Forces.
A consolidation of the interests of F. G. Smith,
Inc., New York, and the Wilcox & White Co., Meri-
den, Conn., was consummated Monday of this week,
bringing together two of the oldest and most distin-
guished organizations in the country. F. G. Smith,
Inc., as manufacturers of the Bradbury and Web-
ster pianos, on the one hand, and Wilcox & White
Co., with the Angelus and Artrio Reproducing prod-
ucts, represent two of the most powerful influences
creating distinct essentials which will now be under
one control.
Each Company Retains Individuality.
Both these old companies have extraordinary fol-
lowings and their lists of representatives consist of
many of the leading piano merchants throughout this
country, as well as throughout the world. F. G.
Smith, Inc., has enjoyed a large export trade through
its export offices, at 160 Broadway, New York, and
Wilcox & White Co. have had an affiliation for many
years with Sir Herbert Marshall, Inc., of London,
England, with agencies covering the entire European
continent.
The Bradbury piano, established 1854, has always
held a leading position and an extensive campaign
has been laid out for it by F. G. Smith, Inc., part of
which, owing to the rapidly increased demand for
Reproducing pianos, contemplated active propaganda
in their particular field. Wilcox & White Co., on
the other hand, have felt the need of a piano of the
highest standing in connection with their Angelus
and Artrio Reproducing action.
So this consolidation is a happy solution for both
concerns. In addition to the Bradbury, the Wilcox
& White Co. will now have access in large quantities
to the well-known Webster piano, which has gained
wonderful popularity in past years as a staple article.
The Artrio reproducing action, manufactured by
Wilcox & White Co., and invented by Frank C.
White, covered by exclusive patents, has established
itself as an unique art product and has become a
most active factor under the capable management of
C. H. Warfield. Through this combination also an
opportunity is given Wm. Knabe, of F. G. Smith,
Inc., to further tbe artistic field in which he has
made some important musical history of the country.
F. G. Smith, Inc., Capital Now $1,500,000.
Steps have been taken to increase the capital stock
of F. G. Smith, Inc., to $1,500,000, all of which is
common stock, there being no preferred issue and
the combined assets of the two companies will ex-
ceed $2,500,000. The following gentlemen will be
officers and directors of F. G. Smith, Inc.:
F. G. Smith, president; Frank G. Smith, Wm.
Knabe and C. H. Warfield, vice-presidents; Frank
G. Smith, treasurer; Jacob H. Shaffer, secretary.
These officers, with F. P. Warfield and Frank C.
White, will comprise the board of directors.
No Increase in Wilcox & White Capital.
Wilcox & White Co. have an authorized capital
stock of $750,000 preferred and $45,000 common
stock. The following gentlemen will be the officers
and board of directors:
J. H. White, president; F. G. Smith, Frank G.
Smith, Wm. Knabe, vice-president; C. H. Warfield,
treasurer; Jacob H. Shaffer, secretary. F. P. War-
field, of Duell, Warfield & Duell, becomes a director
of the company in addition to the officers just named.
Jacob H. Shaffer has been retained as general
counsel for both companies, and Duell, Warfield &
Duell as patent attorneys. The general management
of the consolidation will be in the hands of the
committee, composed of Frank G. Smith, William
Knabe (chairman), and C. H. Warfield. P. K. Van
York is director of the artist department of the
Wilcox & White Co.
Wilcox & White Co. will open offices at 450 Fifth
avenue, New York, which hereafter will be their New
York headquarters. No changes in the present pol-
icy of the companies are contemplated at this
moment.
F. P. BASSETT'S MOTHER ILL.
F. P. Bassett, vice-president of the M. Schulz
Company, Chicago, was at Cincinnati, Ohio, last
Sunday, where his mother is very seriously ill. Mrs.
Bassett is 75 years old. Mr. Bassett will go to
Cincinnati again on Saturday of this week to be
at her home over Sunday.
Magness & Sain, Charlotte, N. C, concluded a
successful 10-day piano special sale last week.
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