Presto
Issue: 1924 1982 - Page 17
17
PRESTO
July 19, 1924.
chiefly in manufacturing establishments in connec-
tion with compiling the costs of particular articles or NEW INCORPORATIONS
jobs. Costs were taken by the job or by some unit
IN MUSIC GOODS TRADE
of the manufactured product. Process costs for a
continuous flow of identical production soon followed.
It was only after business men came to realize the New and Old Concerns Secure Charters in Various
Places.
In Presenting Benefits of the System Secretary value of cost data in controlling the business that
these forms or types of cost finding commenced to
McLeod Shows Necessity of Avoiding
Boyer-Rose Music Company, South Bend, Ind.,
demonstrate their inadequacy.
Breach of Sherman Act.
Dr. McLeod went on to say that during the last $50,000; wholesale and retail musical instruments;
directors, James F. Boyer, Henry Rose, Emaline Nye.
One of the most outstanding features of modern ten years more than 100 trade associations in this
A. N. Hansen Co., 4032 Milwaukee avenue, Chi-
country
have
developed
uniform
cost
systems
in
their
cost accounting is the very definite trend it has taken
to trade in pianos, victrolas and radio instru-
in the last ten years toward standard costs. Some particular industries: "Some of these," he continued, cago,
Frank Shunkel, August N. Hansen and Wil-
cost men go so far as to say, according to Dr. S. C. "are rather elementary and really amount to little ments.
liam
M.
Divine.
more
than
a
classification
of
accounts.
On
the
other
McLeod, Secretary of the National Association of
Wyllie's Shoppe, Inc., Bridgeport, Conn , $50,000.
Cost Accountants, that in standard costs the science hand, however, many of them are thoroughly scien-
of cost accounting has reached its final development, tific and complete systems of cost finding that have Charles W. Wyllie, of this city, and John Elliott and
and that eventually all cost accounting will be of this been worked out by competent cost men. They are William Strong, of New Haven.
C. H. Gooding Music Co., Providence, R. I., $10,r
type. Dr. McLeod said this week that the distin- widely used within the various industries, to the un-
000; Clifford H. Gooding, 68 Ontario street, Provi-
guishing, characteristic of standard costs, as opposed doubted benefit of the individual members.
"There is no longer any questioning the need and dence, and others.
to other forms of cost finding, is that the keynote in
Rochester Piano Exchange, Inc., Rochester, N. Y.,
the standard system is the establishment of standards- advantages of cost accounting. I doubt if it is
for all the items which go into the final cost, against possible to do business successfully under modern $20,000; C. V. Wiser, 207 Hamilton street, Rochester,
conditions without cost control. All the advantages and others.
which actual costs are compared at regular intervals.
The G. Gifford Smith Co., Warren, Pa., $50,000.
which
appertain to cost systems in individual plants
"The development of standard costs," he went on,
are
secured
from
the
use
of
a
uniform
cost
system
by
"is another outcome of the tendency to use cost
data as a basis for managerial control. In the be- the individual members of an association. In addition
TEACHERS BUY BALDWINS.
ginning cost accounting was probably inspired by there are many special advantages which accrue from
More
prominent music teachers in San Francisco,
curiosity as much as anything else. In those days it the uniformity.
Burlingarne, San Anselmo, TDakland and Los Gatos
"Unfortunately the present attitude of our Federal purchase Baldwin-made pianos. Among them are the
is doubtful if even price determination had a great
deal to do with the manufacturer's interest in costs. Government authorities, as evidenced in certain cor- following: Sam Rodetsky, piano teacher; Sigmund
The margin between the manufacturing cost and the respondence between the Department of Commerce, Baker, violin teacher; R. Aurandt, piano teacher; H.
selling price was so wide that in most cases the man- the Federal Trade Commission and the Attorney A. Dunn, violinist with S. F. Symphony Orchestra;
ager knew he was safe, although he may not have General, makes it necessary for a trade association to Mrs. A. Sorel, piano teacher, and H. M. Lee, piano
approach work of this kind with considerable care if teacher.
known exactly what his costs were.
"In the early days of cost accounting it was used it does not want to run foul of the Sherman Anti-
Trust act. There has been no definite pronouncement
by the Supreme Court, nor is there a definite state-
ment in any of the correspondence which has been
made public which says that the exchange of cost in-
formation is illegal. There is considerable uncertainty
at the present time, however, as to just how far a
trade association may safely go in this direction.
PIANOS and PLAYER PIANOS
"In a broad general statement it might be said that
GRANDS and UPRIGHTS
our Federal authorities probably will not interfere
with
the
exchange
of
information
unless
there
is
Have no superiors in appearance, tone
in Name and in Fact
involved in such exchange a deliberate attempt to fix
power or other essentials of strictly
prices within the industry. There are trade associa-
TONE, MATERIALS, CONSTRUCTION,
leaders in the trade.
tions
today
which
are
exchanging
cost
information
WORKMANSHIP, DESIGN—all in ac-
with the knowledge of the Federal authorities. These
cord with the broadest experience—are
associations have attained a high degree of efficiency
the elements which give character to
within their membership as a result of the distribu-
Bush & Lane Products.
This Trade Mark la cast
tion of these comparative figures. It is not necessary
in the plate and also ap-
that the figures be identified in any way. In fact, it
pears upon the fa!] board
of all genuine Schumann
is customary not to identify them. The sole purpose
Pianos,
and all Infringers
of the exchange is to enable each individual plant to
BUSH & LANE CECILIAN PLAYER PIANOS
will be prosecuted. Beware
compare its costs of operation with other plants with-
of imitations such as Schu-
in the industry.
mann & Company, Schu-
take high place, therefore, in any com-
mann & Son, and also
parison of high grade pianos because of
Shuman, as all stencil
the individuality of character which dis-
shops, dealers and users of
The Schroeder Piano Co., Pittsburgh, Pa., has es-
tinguishes them in all essentials of merit
pianos bearing a name In
tablished two branch stores in neighboring towns,
and value.
imitation of the name
one in Monongahela and the other in McConnels-
Schumann with the inten-
tion of deceiving the public
burg. J. F. Strouse, of Pittsburgh, has been ap-
BUSH & LANE PIANO CO.
Holland, Mich.
will be prosecuted to the
pointed manager in the latter place.
fullest extent of the law.
COST ACCOUNTING AND
TRADE ASSOCIATIONS
Schumann
QUALITY
Warning to Infringers
BUSH&LANE PIANOS
New Catalogue on Bequest.
For a
Bigger and Better
Business
Grand and
Reproducing
Grand Pianos
are the last word in
musical perfection.
Lester Piano Co.
1306 Chestnut St.
Philadelphia •
There is nothing to compare
with the complete line of
M. SCHULZ CO.
The Players are RIGHT in
everything t h a t means
money to the dealers and
satisfaction to the public
You will never do anything better
than when you get in touch with
M. SCHULZ CO.
711 Milwaukee Avenue
CHICAGO
OUTHERN BRANCH: 730 Gandler Bldg., ATLANTA, GA
Schumann Piano Co.
W. N. VAN MATRE, President
Rockford, 111.
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
Leomincter,
Matt.
Executive Office*
138th St. and Walton Ave.
New York
Din.ion 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
July 19, 1924.
chiefly in manufacturing establishments in connec-
tion with compiling the costs of particular articles or NEW INCORPORATIONS
jobs. Costs were taken by the job or by some unit
IN MUSIC GOODS TRADE
of the manufactured product. Process costs for a
continuous flow of identical production soon followed.
It was only after business men came to realize the New and Old Concerns Secure Charters in Various
Places.
In Presenting Benefits of the System Secretary value of cost data in controlling the business that
these forms or types of cost finding commenced to
McLeod Shows Necessity of Avoiding
Boyer-Rose Music Company, South Bend, Ind.,
demonstrate their inadequacy.
Breach of Sherman Act.
Dr. McLeod went on to say that during the last $50,000; wholesale and retail musical instruments;
directors, James F. Boyer, Henry Rose, Emaline Nye.
One of the most outstanding features of modern ten years more than 100 trade associations in this
A. N. Hansen Co., 4032 Milwaukee avenue, Chi-
country
have
developed
uniform
cost
systems
in
their
cost accounting is the very definite trend it has taken
to trade in pianos, victrolas and radio instru-
in the last ten years toward standard costs. Some particular industries: "Some of these," he continued, cago,
Frank Shunkel, August N. Hansen and Wil-
cost men go so far as to say, according to Dr. S. C. "are rather elementary and really amount to little ments.
liam
M.
Divine.
more
than
a
classification
of
accounts.
On
the
other
McLeod, Secretary of the National Association of
Wyllie's Shoppe, Inc., Bridgeport, Conn , $50,000.
Cost Accountants, that in standard costs the science hand, however, many of them are thoroughly scien-
of cost accounting has reached its final development, tific and complete systems of cost finding that have Charles W. Wyllie, of this city, and John Elliott and
and that eventually all cost accounting will be of this been worked out by competent cost men. They are William Strong, of New Haven.
C. H. Gooding Music Co., Providence, R. I., $10,r
type. Dr. McLeod said this week that the distin- widely used within the various industries, to the un-
000; Clifford H. Gooding, 68 Ontario street, Provi-
guishing, characteristic of standard costs, as opposed doubted benefit of the individual members.
"There is no longer any questioning the need and dence, and others.
to other forms of cost finding, is that the keynote in
Rochester Piano Exchange, Inc., Rochester, N. Y.,
the standard system is the establishment of standards- advantages of cost accounting. I doubt if it is
for all the items which go into the final cost, against possible to do business successfully under modern $20,000; C. V. Wiser, 207 Hamilton street, Rochester,
conditions without cost control. All the advantages and others.
which actual costs are compared at regular intervals.
The G. Gifford Smith Co., Warren, Pa., $50,000.
which
appertain to cost systems in individual plants
"The development of standard costs," he went on,
are
secured
from
the
use
of
a
uniform
cost
system
by
"is another outcome of the tendency to use cost
data as a basis for managerial control. In the be- the individual members of an association. In addition
TEACHERS BUY BALDWINS.
ginning cost accounting was probably inspired by there are many special advantages which accrue from
More
prominent music teachers in San Francisco,
curiosity as much as anything else. In those days it the uniformity.
Burlingarne, San Anselmo, TDakland and Los Gatos
"Unfortunately the present attitude of our Federal purchase Baldwin-made pianos. Among them are the
is doubtful if even price determination had a great
deal to do with the manufacturer's interest in costs. Government authorities, as evidenced in certain cor- following: Sam Rodetsky, piano teacher; Sigmund
The margin between the manufacturing cost and the respondence between the Department of Commerce, Baker, violin teacher; R. Aurandt, piano teacher; H.
selling price was so wide that in most cases the man- the Federal Trade Commission and the Attorney A. Dunn, violinist with S. F. Symphony Orchestra;
ager knew he was safe, although he may not have General, makes it necessary for a trade association to Mrs. A. Sorel, piano teacher, and H. M. Lee, piano
approach work of this kind with considerable care if teacher.
known exactly what his costs were.
"In the early days of cost accounting it was used it does not want to run foul of the Sherman Anti-
Trust act. There has been no definite pronouncement
by the Supreme Court, nor is there a definite state-
ment in any of the correspondence which has been
made public which says that the exchange of cost in-
formation is illegal. There is considerable uncertainty
at the present time, however, as to just how far a
trade association may safely go in this direction.
PIANOS and PLAYER PIANOS
"In a broad general statement it might be said that
GRANDS and UPRIGHTS
our Federal authorities probably will not interfere
with
the
exchange
of
information
unless
there
is
Have no superiors in appearance, tone
in Name and in Fact
involved in such exchange a deliberate attempt to fix
power or other essentials of strictly
prices within the industry. There are trade associa-
TONE, MATERIALS, CONSTRUCTION,
leaders in the trade.
tions
today
which
are
exchanging
cost
information
WORKMANSHIP, DESIGN—all in ac-
with the knowledge of the Federal authorities. These
cord with the broadest experience—are
associations have attained a high degree of efficiency
the elements which give character to
within their membership as a result of the distribu-
Bush & Lane Products.
This Trade Mark la cast
tion of these comparative figures. It is not necessary
in the plate and also ap-
that the figures be identified in any way. In fact, it
pears upon the fa!] board
of all genuine Schumann
is customary not to identify them. The sole purpose
Pianos,
and all Infringers
of the exchange is to enable each individual plant to
BUSH & LANE CECILIAN PLAYER PIANOS
will be prosecuted. Beware
compare its costs of operation with other plants with-
of imitations such as Schu-
in the industry.
mann & Company, Schu-
take high place, therefore, in any com-
mann & Son, and also
parison of high grade pianos because of
Shuman, as all stencil
the individuality of character which dis-
shops, dealers and users of
The Schroeder Piano Co., Pittsburgh, Pa., has es-
tinguishes them in all essentials of merit
pianos bearing a name In
tablished two branch stores in neighboring towns,
and value.
imitation of the name
one in Monongahela and the other in McConnels-
Schumann with the inten-
tion of deceiving the public
burg. J. F. Strouse, of Pittsburgh, has been ap-
BUSH & LANE PIANO CO.
Holland, Mich.
will be prosecuted to the
pointed manager in the latter place.
fullest extent of the law.
COST ACCOUNTING AND
TRADE ASSOCIATIONS
Schumann
QUALITY
Warning to Infringers
BUSH&LANE PIANOS
New Catalogue on Bequest.
For a
Bigger and Better
Business
Grand and
Reproducing
Grand Pianos
are the last word in
musical perfection.
Lester Piano Co.
1306 Chestnut St.
Philadelphia •
There is nothing to compare
with the complete line of
M. SCHULZ CO.
The Players are RIGHT in
everything t h a t means
money to the dealers and
satisfaction to the public
You will never do anything better
than when you get in touch with
M. SCHULZ CO.
711 Milwaukee Avenue
CHICAGO
OUTHERN BRANCH: 730 Gandler Bldg., ATLANTA, GA
Schumann Piano Co.
W. N. VAN MATRE, President
Rockford, 111.
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
Leomincter,
Matt.
Executive Office*
138th St. and Walton Ave.
New York
Din.ion 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).