Presto
Issue: 1924 1973 - Page 7
PRESTO
May 17, 1924.
FRIESTEDT FISCAL
PLAN DISCUSSED
IT IS A FACT
That SEEBURG ELECTRIC
PIANOS can always be
relied upon.
Scrutator, Chicago Tribune's Widely Read
Financial Writer, Comments on Sugges-
tions of President of U. S. Music Co.
for June Inventories.
FITS HOOVER'S THEORY
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are dependable.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are durable.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS when sold on in-
stallments bring back the
money quicker than any
other piano sale.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are real pianos,
built to stand the hard
usage a c o i n - o p e r a t e d
piano gets.
IT IS A FACT
that your stock is incom-
plete without SEEBURG
ELECTRICS.
Expert Agrees Mr. Friestedt's Plan Is in Accord with
Proposals for Trade Simplification by Secretary
of Commerce.
The issue of the Chicago Tribune of May 3 printed
an article by Scrutator, dealing with the "Fiscal Year
Plan," suggested by Arthur A. Friestedt, president of
the United States Music Co., Chicago. The article
by the widely known financial writer of the Tribune
showed the growing recognition that is being accorded
the accounting method clearly outlined by Mr. Frie-
stedt in a previous issue of Presto. The observations
by Scrutator follow:
Considerable interest is being manifested in the
suggestion of Mr. Arthur A. Friestedt, of a Chicago
music house, that the time of taking inventories be
changed from the last week of the old calendar year
and the first week of the new one to the end of June,
thus bringing business in general more in conformity
with the fiscal year.
His suggestion fits in with the whole theory of
simplification, which has been promoted so vigorously
by Secretary Hoover and the engineering bodies,
whom he enlisted in the crusade to eliminate useless
shapes, sizes, colors, varieties, and other complexities.
The author of the inventory suggestion says: "The
present inventory season comes at the height of the
busy season and interrupts and paralyzes business.
The end of June is the logical time for such an inter-
ruption. Then stocks are normally low and business
is quiet, summer dullness."
Said of the music trade, it is, of course, true of
many other industries which have not altered their
accounting periods.
In System Magazine.
"System Magazine will contain a small article in
its June issue, which I understand will be circulated
about the middle of this month, dealing with the
Fiscal Year Plan," writes Mr. Friestedt this week.
"The limited space given to this subject in the June
issue is due to the fact that the matter came to the
attention of the publishers too late for broader treat-
ment. They preferred postponing publication of it
until their July issue. However, 1 did not feel it
would do as much good then as in the June issue, so
far as the music industry is concerned, due to the
necessity for notifying local collectors of Internal
Revenue by May 30th, if June 30th is chosen as the
closing date for the fiscal year.
"The publishers of System propose to give consid-
erably more space to this subject in a subsequent
issue, for they regard it as a suggestion of vital im-
portance to all seasonal business.
Enthusiastic for Plan.
"I am depending on you to continue your co-
operation in my efforts to bring about the adoption
of the Fiscal Year Plan in our trade. This subject
must be kept alive, for its application will not only
effect appreciable accounting economy, but put the
dealers in an aggressive mood for trade development
during the post-holiday period, which has invariably
been dull, because of the demoralizing effect of clos-
ing the business year in the middle of the best trade
BUFFALO MUSIC DEALERS
ENJOY BUSY DAYS
Piano Sales Lively with Active Dealers in That Good
Piano City.
Dayton A. Evans and Weller G. Eiss have formed
a partnership and opened a music business called
Evans & Eiss, at 1450 Hertle avenue.
A. D. Houck has moved his music store from 1365
Bailey avenue to Kensington and Bailey avenues.
The Neal & Clark Co.'s' store in Buffalo is enjoy-
ing increased piano sales following the recent cele-
bration of a formal opening. From May 3 to 10 the
public responded to the invitation of the company to
visit the warerooms.
Charles J. Hereth is doing a lively business in his
new store at Genesee and Spring streets, Buffalo. The
new store is a great improvement over the old location
both as to space and attractiveness. The large show
windows are a feature of that portion of the street.
They reach to the sidewalk, so that a good view of
the well-arranged interior of the store is always an
attraction to passers-by. Scores of floral gifts were
received by Mr. Hereth from his friends in the trade
and many messages of good wishes and congratula-
tions were received.
James I. Day is the owner of a new music store at
35 Market street, Corning, N. Y. He was formerly
a member of the firm of Swan & Day in Corning.
FIRE CAUSES $5,000 LOSS
AT STARR PIANO CO.
Engine Sparks Blamed for Fire Which Threat-
ened Big Factory at Richmond, Ind., on
Tuesday Evening This Week.
A fire in two of the drying sheds in the rear of the
Starr Piano Company's factory at Richmond, Ind.,
about 6:10 o'clock Tuesday evening, caused damages
in excess of $5,000. Two firemen were injured when
they were pinned beneath a heavy door which fell on
them. The blaze was attributed to sparks from a
C. & O. switch engine, and for a time it threatened to
engulf several other structures in the vicinity.
The blaze had gained considerable headway when
firemen arrived, and danger from electric wires in the
vicinity of the burning buildings added to the diffi-
culties of battling the stubborn blaze.
Presence of an automatic sprinkler system in the
buildings is believed to have prevented greater loss,
according to Clarence Gennett, treasurer of the com-
pany, who also praised the work of the firemen.
Most of the damage was confined to the two sheds,
according to officials of the company. Thousands of
feet of sprucewood from Washington and Maine were
on the drying racks. Volunteer workmen assisted in
removing most of the lumber from the buildings.
The two drying sheds were practically destroyed.
Tho loss was fully covered by insurance.
A very interesting window display was used re-
cently by the Baldwin Piano Co., Indianapolis. There
was a large bulletin board with pictures of more than
fifty artists of the Chicago Civic Opera Company.
IT IS A FACT
that you ought to write
to-day for catalogue and
particulars.
Doit!
J. P. SEEBURG
PIANO CO.
CHICAGO
ILLINOIS
STARR PIANO CO.'S FACTORY, RICHMOND, IND.
(Story on this page.)
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
May 17, 1924.
FRIESTEDT FISCAL
PLAN DISCUSSED
IT IS A FACT
That SEEBURG ELECTRIC
PIANOS can always be
relied upon.
Scrutator, Chicago Tribune's Widely Read
Financial Writer, Comments on Sugges-
tions of President of U. S. Music Co.
for June Inventories.
FITS HOOVER'S THEORY
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are dependable.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are durable.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS when sold on in-
stallments bring back the
money quicker than any
other piano sale.
IT IS A FACT
that SEEBURG ELECTRIC
PIANOS are real pianos,
built to stand the hard
usage a c o i n - o p e r a t e d
piano gets.
IT IS A FACT
that your stock is incom-
plete without SEEBURG
ELECTRICS.
Expert Agrees Mr. Friestedt's Plan Is in Accord with
Proposals for Trade Simplification by Secretary
of Commerce.
The issue of the Chicago Tribune of May 3 printed
an article by Scrutator, dealing with the "Fiscal Year
Plan," suggested by Arthur A. Friestedt, president of
the United States Music Co., Chicago. The article
by the widely known financial writer of the Tribune
showed the growing recognition that is being accorded
the accounting method clearly outlined by Mr. Frie-
stedt in a previous issue of Presto. The observations
by Scrutator follow:
Considerable interest is being manifested in the
suggestion of Mr. Arthur A. Friestedt, of a Chicago
music house, that the time of taking inventories be
changed from the last week of the old calendar year
and the first week of the new one to the end of June,
thus bringing business in general more in conformity
with the fiscal year.
His suggestion fits in with the whole theory of
simplification, which has been promoted so vigorously
by Secretary Hoover and the engineering bodies,
whom he enlisted in the crusade to eliminate useless
shapes, sizes, colors, varieties, and other complexities.
The author of the inventory suggestion says: "The
present inventory season comes at the height of the
busy season and interrupts and paralyzes business.
The end of June is the logical time for such an inter-
ruption. Then stocks are normally low and business
is quiet, summer dullness."
Said of the music trade, it is, of course, true of
many other industries which have not altered their
accounting periods.
In System Magazine.
"System Magazine will contain a small article in
its June issue, which I understand will be circulated
about the middle of this month, dealing with the
Fiscal Year Plan," writes Mr. Friestedt this week.
"The limited space given to this subject in the June
issue is due to the fact that the matter came to the
attention of the publishers too late for broader treat-
ment. They preferred postponing publication of it
until their July issue. However, 1 did not feel it
would do as much good then as in the June issue, so
far as the music industry is concerned, due to the
necessity for notifying local collectors of Internal
Revenue by May 30th, if June 30th is chosen as the
closing date for the fiscal year.
"The publishers of System propose to give consid-
erably more space to this subject in a subsequent
issue, for they regard it as a suggestion of vital im-
portance to all seasonal business.
Enthusiastic for Plan.
"I am depending on you to continue your co-
operation in my efforts to bring about the adoption
of the Fiscal Year Plan in our trade. This subject
must be kept alive, for its application will not only
effect appreciable accounting economy, but put the
dealers in an aggressive mood for trade development
during the post-holiday period, which has invariably
been dull, because of the demoralizing effect of clos-
ing the business year in the middle of the best trade
BUFFALO MUSIC DEALERS
ENJOY BUSY DAYS
Piano Sales Lively with Active Dealers in That Good
Piano City.
Dayton A. Evans and Weller G. Eiss have formed
a partnership and opened a music business called
Evans & Eiss, at 1450 Hertle avenue.
A. D. Houck has moved his music store from 1365
Bailey avenue to Kensington and Bailey avenues.
The Neal & Clark Co.'s' store in Buffalo is enjoy-
ing increased piano sales following the recent cele-
bration of a formal opening. From May 3 to 10 the
public responded to the invitation of the company to
visit the warerooms.
Charles J. Hereth is doing a lively business in his
new store at Genesee and Spring streets, Buffalo. The
new store is a great improvement over the old location
both as to space and attractiveness. The large show
windows are a feature of that portion of the street.
They reach to the sidewalk, so that a good view of
the well-arranged interior of the store is always an
attraction to passers-by. Scores of floral gifts were
received by Mr. Hereth from his friends in the trade
and many messages of good wishes and congratula-
tions were received.
James I. Day is the owner of a new music store at
35 Market street, Corning, N. Y. He was formerly
a member of the firm of Swan & Day in Corning.
FIRE CAUSES $5,000 LOSS
AT STARR PIANO CO.
Engine Sparks Blamed for Fire Which Threat-
ened Big Factory at Richmond, Ind., on
Tuesday Evening This Week.
A fire in two of the drying sheds in the rear of the
Starr Piano Company's factory at Richmond, Ind.,
about 6:10 o'clock Tuesday evening, caused damages
in excess of $5,000. Two firemen were injured when
they were pinned beneath a heavy door which fell on
them. The blaze was attributed to sparks from a
C. & O. switch engine, and for a time it threatened to
engulf several other structures in the vicinity.
The blaze had gained considerable headway when
firemen arrived, and danger from electric wires in the
vicinity of the burning buildings added to the diffi-
culties of battling the stubborn blaze.
Presence of an automatic sprinkler system in the
buildings is believed to have prevented greater loss,
according to Clarence Gennett, treasurer of the com-
pany, who also praised the work of the firemen.
Most of the damage was confined to the two sheds,
according to officials of the company. Thousands of
feet of sprucewood from Washington and Maine were
on the drying racks. Volunteer workmen assisted in
removing most of the lumber from the buildings.
The two drying sheds were practically destroyed.
Tho loss was fully covered by insurance.
A very interesting window display was used re-
cently by the Baldwin Piano Co., Indianapolis. There
was a large bulletin board with pictures of more than
fifty artists of the Chicago Civic Opera Company.
IT IS A FACT
that you ought to write
to-day for catalogue and
particulars.
Doit!
J. P. SEEBURG
PIANO CO.
CHICAGO
ILLINOIS
STARR PIANO CO.'S FACTORY, RICHMOND, IND.
(Story on this page.)
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
Future scanning projects are planned by the International Arcade Museum Library (IAML).