Presto
Issue: 1924 1976 - Page 19
17
PRESTO
June 7, 1924.
This would also cover the work of the Committee on
Improvement of Quality of Piano Supplies."
Treasurer's Report.
Albert T. Strauch, treasurer of the Musical Supply
Association presented a report which showed cash on
hand June 1, 1923, $7,294.23; dues, assessments and
bank interest aggregating $14,836.58, a total of $22,-
President Johnson Assures Members of Mu- 13081.
sical Supply Association that Work of Or-
The expenditures were: Assessment, Music In-
dustries Chamber of Commerce; Bank Exchange,
ganization Is Enthusiastically Performed
postage, telegraph and miscellaneous, amounting to
an,d Membership Increases.
$12,269.14.
Cash en hand, May 31, 1924: Checking account,
$2,861.67; special interest account, $7,000.00; a total
of $9,861.67.
The balance sheet showed assets as follows: Dues
Albert T. Strauch, in a Page of Figures Shows That receivable, $625.00; assessments receivable, $256.25;
cash, $9,861.67; a total of $10,742.92. No liabilities
the Association Has a Comfortable Surplus
or
accounts payable left a surplus of $10,742.92.
of $10,000.
Credit Committee.
In the report of Credit Committee of the Musical
In opening the convention of the Musical Supply Supply Association of America, it was stated that,
Association, in Room 151 of the Waldorf-Astoria ''We have not had as many piano manufacturers in
hotel, New York, on Tuesday, President A. W. financial difficulties as 1923. Fortunately two of the
Johnson told about the activities of a year in a brief
five new cases have not as yet proceeded to a point
report.
where a special adjustment committee has been
"I know you will be happy to learn the financial necessary and therefore it would not be proper to
condition is good, in spite of the curtailment in busi- mention these concerns specifically. Your committee
ness, and this has been due to the increase in mem- is in close touch and stands ready to give any co-
bership and the interest of other manufacturers who operation necessary, although it appears now that on
are not members, in contributing substantially to our one of. these no special action will be necessary as
work," was the pleasant opening statement. Mr. the informal co-operation of creditors and the manu-
Johnson told about the value of the credit work of
facturer in question brought about by the Associa-
the association to the entire industry. The statistical tion is going to pull the manufacturer through. In
work, he said, was proceeding.
three cases only has our credit adjustment plan been
put into operation, two of which are going to work
Statistical Work.
"Through the courtesy of members and non-mem- out."
bers in certain lines of supply, particularly the plate
manufacturers," said Mr. Johnson, "we were able
to arrive at the safest figures we have ever had to
work on for 1923 output. The comments heard on
these figures made manifest how weak we were in
definite statistical work, and this has impelled us to
go a step farther.
"We are now endeavoring to secure information Statement of the Things Accomplished by
Music Industries Chamber of Commerce
from manufacturers of player actions, backs, keys,
piano actions and other important accessories, and
for Twelve Months.
have had a very warm response, and will be able to
give the fluctuation that is necessary to have in the
In a statement presented by Richard W. Lawrence,
guidance of intelligent business management. As the president of the Music Industries Chamber of Com-
years go on, we will be just as strongly fortified as merce, in lieu of an annual report, the things accom-
the automobile people—their statistical work stood
plished by the organization during the year ending
them in good stead the first three months of this year May 31, 1924, were briefly set forth. The work
and guided them in handling their production end, enumerated embraces:
which will save them millions of dollars. It is my
Obtained exemption of musical instruments from
purpose to encourage the appointment of a statistical the jewelry tax in the new Internal Revenue Act.
committee at this meeting."
This tax on band instruments alone amounted to
$700,000 in 1923.
Continuing, Mr. Johnson said:
Obtained reversal of Treasury Department ruling
"The Committee on Standardization has had a
hard problem before them, and needs further co-oper- imposing the jewelry tax on phonographs with gold
ation and the interest of all concerned. It looks as plated hardware under the Internal Revenue Act of
1921. Estimated amount of back taxes saved,
though this is going to be possible, due to the fact
there is a plan under way to form a new Association, $5,000,000.
In co-operation with other agencies obtained the
known as the National Piano Technician Association.
A paper on this will be read during this meeting. elimination of the 10 per cent tax on radio inserted
When you find the worthy name on this new Com- in the Internal Revenue Bill by the Senate Finance
mittee, I am sure it will arouse your keen interest. Committee. This tax would have been particularly
burdensome for manufacturers of combined radio
and phonograph instruments, as it would apply to
the combined product. Also of vital importance to
most music merchants.
Secured the defeat of the increase of the tax on
coin operated pianos from 5 per cent to 10 per cent
made by the Senate. Estimated fax avoided, $50,000
annually.
PIANOS and PLAYER PIANOS
Brought about Government action after a two
GRANDS and UPRIGHTS
years' campaign against fake publishers and song
sharks who have victimized thousands of amateur
Have no superiors in appearance, tone
song writers. Practically the end of this notorious
power or other essentials of strictly
swindle.
Investigated upon request 71 cases of alleged unfair
leaders in the trade.
merchandising.
Investigation made of imposition of anti-dumping
duties on American pianos by Australia, and seizure
This Trade Mark Is cast
by rebel troops of Mexican customs houses con-
In the plate and also ap-
taining American pianos.
pears upon the fall board
Conducted 1924 Retail Advertising Contest and
of all genuine Schumann
Pianos, and all lnfringrers
Music Week Window Display Contest; arranged
will be prosecuted. Beware
Convention Exhibit of 1923-24 National Music Adver-
of imitations such as Schu-
tising.
'
mann & Company, Schu-
mann & Son, and also
Inaugurated the policy of marking real instead of
Shuman, as all stencil
fictitious prices on music. (Music Publishers' Asso-
shops, dealers and users of
ciation of the United States.)
pianos bearing a name in
imitation of the name
Altogether there are 27 items listed by Mr. Law-
Schumann with the inten-
rence as representing the work of the Chamber, the
tion of deceiving the public
ones above presented pertaining directly to the piano
will be prosecuted to the
fullest extent of the law.
and general music trade.
CHEERING REPORTS
FOR SUPPLY MEN
CHEERING TREASURER'S REPORT
REPORT TELLS OF WHAT
CHAMBER HAS DONE
Schumann
Warning to Infringers
New Catalogue on Request.
Schumann Piano Co.
W. N. VAN MATRE, President
Rockford, 111.
ADDS STARR LINE.
A new music store was recently opened in the
bank building, Coalport, Pa., by D. C. Laing, under
the name of the Fidelity Music Store. Starr talking
machines and Gennett records are featured at the
new establishment.
WHAT TAX CUT BILL
MEANS TO BUYERS
Saving to the Several States Computed and
Set Forth by Charles E. Byrne of
Steger & Sons.
It is easy to determine what the 1923 tax cut will
mean to each state in the way of additional buying
power for the month of June alone, by figuring on a
total cut of $232,000,000 this year. The following sum-
mary, based on the statistics of income for 1921, has
been submitted by Charles E. Byrne, vice-president
of the Steger & Sons Piano Mfg. Co., Chicago:
Alabama, $742,400; Arizona, $139,200; Arkansas,
$510,400.
California. $11,252,000; Colorado, $1,600,800; Con-
necticut, $2,969,600.
Delaware, $371,200; District of Columbia, $1,809,-
600; Florida, $835,200; Georgia. $1,345,600; Hawaii,
$510,400.
Idaho, $116,000; Illinois, $21,204,800; Indiana,
$3,503,200; Iowa, $1,647,200; Kansas, $3,016,000; Ken-
tucky, $1,484,800; Louisiana, $1,508,000.
Maine, $1,484,800; Maryland, $3,688,800; Massachu-
setts, $15,265,600; Michigan, $14,036,000; Minnesota,
$2,784,000; Mississippi, $278,400; Missouri, $5,660,800;
Montana, $255,200.
Nebraska, $904,800; Nevada. $69,600; New Hamp-
shire, $556,800; New Jersey, $9,651,200; New Mexico,
$92,800; New York, $61,920,800; North Carolina, $2,-
737,600; North Dakota, $139,200.
Ohio, $11,832,000; Oklahoma, $1,090,400; Oregon,
$1,206,400; Pennsylvania, $25,752,000; Rhode Island,
$2,876,800; South Carolina, $510,400; South Dakota.
$116,000; Tennessee, $1,484,800; Texas, $3,781,600.
Utah, $301,600; Vermont, $324,800; Virginia, $1,716,-
800; Washington, $1,508,000; West Virginia, $1,948,-
800; Wisconsin, $3,271,200; Wyoming, $185,600.
QUALITY
in Name and in Fact
TONE, MATERIALS, CONSTRUCTION,
WORKMANSHIP, DESIGN—all in ac-
cord with the broadest experience—are
the elements which give character to
Bush & Lane Products.
BUSH&LANE PIANOS
BUSH & LANE CECIUAN PLAYER PIANOS
take high place, therefore, in any com-
parison of high grade pianos because of
the individuality of character which dis-
tinguishes them in all essentials of merit
and value.
BUSH & LANE PIANO CO.
Holland, Mich.
ESTABLISHED 1854
THE
BRADBURY PIANO
FOR ITS
ARTISTIC EXCELLENCE
FOR ITS
INESTIMABLE AGENCY VALUE
THE CHOICE OF
Representative Dealers the World Over
Now Produced in Several
New Models
WRITE FOR TERRITORY
Factory
J,eominster,
Mat..
Executive Office*
138th St. and Walton Ave.
New York
Division W. P. HAINES & CO., Inc.
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/
PRESTO
June 7, 1924.
This would also cover the work of the Committee on
Improvement of Quality of Piano Supplies."
Treasurer's Report.
Albert T. Strauch, treasurer of the Musical Supply
Association presented a report which showed cash on
hand June 1, 1923, $7,294.23; dues, assessments and
bank interest aggregating $14,836.58, a total of $22,-
President Johnson Assures Members of Mu- 13081.
sical Supply Association that Work of Or-
The expenditures were: Assessment, Music In-
dustries Chamber of Commerce; Bank Exchange,
ganization Is Enthusiastically Performed
postage, telegraph and miscellaneous, amounting to
an,d Membership Increases.
$12,269.14.
Cash en hand, May 31, 1924: Checking account,
$2,861.67; special interest account, $7,000.00; a total
of $9,861.67.
The balance sheet showed assets as follows: Dues
Albert T. Strauch, in a Page of Figures Shows That receivable, $625.00; assessments receivable, $256.25;
cash, $9,861.67; a total of $10,742.92. No liabilities
the Association Has a Comfortable Surplus
or
accounts payable left a surplus of $10,742.92.
of $10,000.
Credit Committee.
In the report of Credit Committee of the Musical
In opening the convention of the Musical Supply Supply Association of America, it was stated that,
Association, in Room 151 of the Waldorf-Astoria ''We have not had as many piano manufacturers in
hotel, New York, on Tuesday, President A. W. financial difficulties as 1923. Fortunately two of the
Johnson told about the activities of a year in a brief
five new cases have not as yet proceeded to a point
report.
where a special adjustment committee has been
"I know you will be happy to learn the financial necessary and therefore it would not be proper to
condition is good, in spite of the curtailment in busi- mention these concerns specifically. Your committee
ness, and this has been due to the increase in mem- is in close touch and stands ready to give any co-
bership and the interest of other manufacturers who operation necessary, although it appears now that on
are not members, in contributing substantially to our one of. these no special action will be necessary as
work," was the pleasant opening statement. Mr. the informal co-operation of creditors and the manu-
Johnson told about the value of the credit work of
facturer in question brought about by the Associa-
the association to the entire industry. The statistical tion is going to pull the manufacturer through. In
work, he said, was proceeding.
three cases only has our credit adjustment plan been
put into operation, two of which are going to work
Statistical Work.
"Through the courtesy of members and non-mem- out."
bers in certain lines of supply, particularly the plate
manufacturers," said Mr. Johnson, "we were able
to arrive at the safest figures we have ever had to
work on for 1923 output. The comments heard on
these figures made manifest how weak we were in
definite statistical work, and this has impelled us to
go a step farther.
"We are now endeavoring to secure information Statement of the Things Accomplished by
Music Industries Chamber of Commerce
from manufacturers of player actions, backs, keys,
piano actions and other important accessories, and
for Twelve Months.
have had a very warm response, and will be able to
give the fluctuation that is necessary to have in the
In a statement presented by Richard W. Lawrence,
guidance of intelligent business management. As the president of the Music Industries Chamber of Com-
years go on, we will be just as strongly fortified as merce, in lieu of an annual report, the things accom-
the automobile people—their statistical work stood
plished by the organization during the year ending
them in good stead the first three months of this year May 31, 1924, were briefly set forth. The work
and guided them in handling their production end, enumerated embraces:
which will save them millions of dollars. It is my
Obtained exemption of musical instruments from
purpose to encourage the appointment of a statistical the jewelry tax in the new Internal Revenue Act.
committee at this meeting."
This tax on band instruments alone amounted to
$700,000 in 1923.
Continuing, Mr. Johnson said:
Obtained reversal of Treasury Department ruling
"The Committee on Standardization has had a
hard problem before them, and needs further co-oper- imposing the jewelry tax on phonographs with gold
ation and the interest of all concerned. It looks as plated hardware under the Internal Revenue Act of
1921. Estimated amount of back taxes saved,
though this is going to be possible, due to the fact
there is a plan under way to form a new Association, $5,000,000.
In co-operation with other agencies obtained the
known as the National Piano Technician Association.
A paper on this will be read during this meeting. elimination of the 10 per cent tax on radio inserted
When you find the worthy name on this new Com- in the Internal Revenue Bill by the Senate Finance
mittee, I am sure it will arouse your keen interest. Committee. This tax would have been particularly
burdensome for manufacturers of combined radio
and phonograph instruments, as it would apply to
the combined product. Also of vital importance to
most music merchants.
Secured the defeat of the increase of the tax on
coin operated pianos from 5 per cent to 10 per cent
made by the Senate. Estimated fax avoided, $50,000
annually.
PIANOS and PLAYER PIANOS
Brought about Government action after a two
GRANDS and UPRIGHTS
years' campaign against fake publishers and song
sharks who have victimized thousands of amateur
Have no superiors in appearance, tone
song writers. Practically the end of this notorious
power or other essentials of strictly
swindle.
Investigated upon request 71 cases of alleged unfair
leaders in the trade.
merchandising.
Investigation made of imposition of anti-dumping
duties on American pianos by Australia, and seizure
This Trade Mark Is cast
by rebel troops of Mexican customs houses con-
In the plate and also ap-
taining American pianos.
pears upon the fall board
Conducted 1924 Retail Advertising Contest and
of all genuine Schumann
Pianos, and all lnfringrers
Music Week Window Display Contest; arranged
will be prosecuted. Beware
Convention Exhibit of 1923-24 National Music Adver-
of imitations such as Schu-
tising.
'
mann & Company, Schu-
mann & Son, and also
Inaugurated the policy of marking real instead of
Shuman, as all stencil
fictitious prices on music. (Music Publishers' Asso-
shops, dealers and users of
ciation of the United States.)
pianos bearing a name in
imitation of the name
Altogether there are 27 items listed by Mr. Law-
Schumann with the inten-
rence as representing the work of the Chamber, the
tion of deceiving the public
ones above presented pertaining directly to the piano
will be prosecuted to the
fullest extent of the law.
and general music trade.
CHEERING REPORTS
FOR SUPPLY MEN
CHEERING TREASURER'S REPORT
REPORT TELLS OF WHAT
CHAMBER HAS DONE
Schumann
Warning to Infringers
New Catalogue on Request.
Schumann Piano Co.
W. N. VAN MATRE, President
Rockford, 111.
ADDS STARR LINE.
A new music store was recently opened in the
bank building, Coalport, Pa., by D. C. Laing, under
the name of the Fidelity Music Store. Starr talking
machines and Gennett records are featured at the
new establishment.
WHAT TAX CUT BILL
MEANS TO BUYERS
Saving to the Several States Computed and
Set Forth by Charles E. Byrne of
Steger & Sons.
It is easy to determine what the 1923 tax cut will
mean to each state in the way of additional buying
power for the month of June alone, by figuring on a
total cut of $232,000,000 this year. The following sum-
mary, based on the statistics of income for 1921, has
been submitted by Charles E. Byrne, vice-president
of the Steger & Sons Piano Mfg. Co., Chicago:
Alabama, $742,400; Arizona, $139,200; Arkansas,
$510,400.
California. $11,252,000; Colorado, $1,600,800; Con-
necticut, $2,969,600.
Delaware, $371,200; District of Columbia, $1,809,-
600; Florida, $835,200; Georgia. $1,345,600; Hawaii,
$510,400.
Idaho, $116,000; Illinois, $21,204,800; Indiana,
$3,503,200; Iowa, $1,647,200; Kansas, $3,016,000; Ken-
tucky, $1,484,800; Louisiana, $1,508,000.
Maine, $1,484,800; Maryland, $3,688,800; Massachu-
setts, $15,265,600; Michigan, $14,036,000; Minnesota,
$2,784,000; Mississippi, $278,400; Missouri, $5,660,800;
Montana, $255,200.
Nebraska, $904,800; Nevada. $69,600; New Hamp-
shire, $556,800; New Jersey, $9,651,200; New Mexico,
$92,800; New York, $61,920,800; North Carolina, $2,-
737,600; North Dakota, $139,200.
Ohio, $11,832,000; Oklahoma, $1,090,400; Oregon,
$1,206,400; Pennsylvania, $25,752,000; Rhode Island,
$2,876,800; South Carolina, $510,400; South Dakota.
$116,000; Tennessee, $1,484,800; Texas, $3,781,600.
Utah, $301,600; Vermont, $324,800; Virginia, $1,716,-
800; Washington, $1,508,000; West Virginia, $1,948,-
800; Wisconsin, $3,271,200; Wyoming, $185,600.
QUALITY
in Name and in Fact
TONE, MATERIALS, CONSTRUCTION,
WORKMANSHIP, DESIGN—all in ac-
cord with the broadest experience—are
the elements which give character to
Bush & Lane Products.
BUSH&LANE PIANOS
BUSH & LANE CECIUAN PLAYER PIANOS
take high place, therefore, in any com-
parison of high grade pianos because of
the individuality of character which dis-
tinguishes them in all essentials of merit
and value.
BUSH & LANE PIANO CO.
Holland, Mich.
ESTABLISHED 1854
THE
BRADBURY PIANO
FOR ITS
ARTISTIC EXCELLENCE
FOR ITS
INESTIMABLE AGENCY VALUE
THE CHOICE OF
Representative Dealers the World Over
Now Produced in Several
New Models
WRITE FOR TERRITORY
Factory
J,eominster,
Mat..
Executive Office*
138th St. and Walton Ave.
New York
Division W. P. HAINES & CO., Inc.
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).