Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-06-14
wEBER's KaTE.FLYING.
The YOung PiaHO.Maker's ExtraER.
ganee the Cause of Bis Trouble.

The New York Tribune publishes the fol-
lowing; The surviving member Of the Old
est no-manufaciurin firm in the CITY wac
seen yesterday by Tribune reporter relative
10 Albert Weber's sffalrs, and as he had
known the late Mr.. Wei r for thirty-odd
years he was able TO throw little iigh. upon
The condition of affairs. an the first place."
said he. 81 think / ought 10 mention that
the profits of large piano firms are always
ridiculuUsly ovgrstatCd. l. il a peculiar bust
ness, requiring much cspitsl 10 be invested,
on which the return Ia sbBofmzliy slow. OF
late yesrs 90 excessive competition mas re-
duced those profits sllll furthur Now for a
long time before old Mr.. Weber, death
(whose real name, BE- the way, was Webbsr)
he b ad teen flying kites' pretty freely.
When he fell i'll, and his death became
matter Of probability, the iuteFsst demanded
was Increased from tan 10 twelve and fifteen
per cent. AS he lay dying, indeed, one
shark, whose name | do not care
to mention, told him 10 HE face
that the risk OF his death was 70 great
that he must charge eighteen per cent.
When the will came TO BE- drawn up the
creditors, chief among whom re T. P. Hale
and S. T. Gordon, insisted on Albion p. Hg-
gins beiog appointed nominsily trustee, but
10 reality receiver. Mr.. Mayer was put 10
trustee in order TO retain his services as
seller Ia the establishment, while Mr.. Weber
aud his brother and son we're appointed So
tigursheads and have never had any voice
q all in busiuess matters. The house at
PJrtchester ne wss allowed 10 leave 10 his
wife, as ii had been a present from aer isther
TO bis daughter and son-in-lsw, and the furui-
tuce of tue Nineteenth street house, also
given to her, was no account IN the eyes OF
men 10 whom he was indebted in such large
1 A ", .4~4,
that the business had made Sl25 600 a year
| it s absurd on the face of it, for in four years
| they soud have thus made $500, 900, and
| The $500, 900 limit set by the old man having
| been exceeded, the estate would have to be
| settled up. As long as the trustees retain
control and run the business, / think it will
| pay, not es much, perhaps, as in
| former years. but still enough TO keep things
going and eventually pay off the creditors.
/ "Of course, SIS an old freud OF his father,
] have watched the young mans career with
interest He is young and foolish, bnt that
/ think, is all. His tastes are extrsvsgant
and in trying TO act as Mseanss TO Johu
Z. Freund's literary ventures, he has cropped
| a considerable amount. As patron OF the
vocal afts, too, he has spent large sums in
advancing Mile, Paolina Ressini's operate
interests. He hss not forgotten the aramati,
profession, either, and in backing Townsend
Ptrcy's managerial bureau he has not In ad e
| aforlune. l hear, too, that he became bonds
mao for the latter, and will, L suppose, have Il
forfeit $500 by that individuals sudden rust
out of New York sumner heat TO the cool
breezes of Europe. If, however, he ba
| learned lesson and will condne himself tc
the enjoyment Of his $1,000 yesr, / see nc
re lson Why he should not emerge from hi:
difficulties with clean hands. | fesr, how
ever, that he is his father over again with.
out his fathers genius for adyertis ing him
self"