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1982 D H Baldwin
Company |
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Stock Code VM-DHB01 |
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Certificate for 14.54% debenture,
dated November 2nd 1982, in the name of Patricia E Meyer as
custodian for Michael J Meyer.
Printed signatures of George F Ince Jr, Secretary and the President
of the company. Vignette of the founder, Dwight Hamilton Baldwin at
top of the certificate. Orange border.
Certificate size is 20.5 cm
high x 30.5 cm wide (8" x 12").
We have several certificates of
this company between 1982 and 1986; should you require information on
any of the others please
click here.
About the Company |
Framed Certificate Price : £70.00
Certificate Only Price : £30.00 |
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About This Company
In 1862, reed organ
and violin teacher Dwight Hamilton Baldwin opened the doors to his music
store in Cincinnati, Ohio. During the next quarter century, Baldwin became
one of the largest piano retailers in the Midwestern United States.
With an eye on
increased growth opportunities, Baldwin decided to manufacture "the best
piano that could be built" in 1890. The first Baldwin piano, an upright
model, was available one year later. In 1895, the company introduced its
first grand piano, a 5'4" model.
On August 23, 1899,
D.H. Baldwin died. Fortunately, one of his strengths had been hiring young
men with the potential to lead his company. Lucien Wulsin, who was raised in
Alexandria, Kentucky, displayed such promise.
In 1866, Wulsin was
a bookeeper for Baldwin. Within seven years, he had become a partner. With a
devotion to both business and art, Wulsin helped Baldwin evolve from a
successful retail enterprise to a leading builder of pianos.
Baldwin established
a worldwide reputation by winning top awards at key expositions. A Baldwin
concert grand was honored with the Grand Prix Award at the 1900
International Exhibition in Paris, the first American-made piano to earn the
award. It then took top honors in St. Louis (1904) and at London’s
Anglo-American Exposition in 1914.
By 1913, Baldwin
enjoyed a robust international business, exporting pianos to 32 countries
around the globe. Three years later, the company boasted retail divisions in
Cincinnati, Chicago, Dallas, Denver, Indianapolis, Louisville, New York, St.
Louis and San Francisco.
Baldwin’s artistic
coming-of-age was reflected in the many performers who chose the Baldwin
grand for concerts and radio broadcasts. Early Baldwin Artists included
concert pianists José Iturbi, Wilhelm Bachaus and Walter Gieseking as well
as composers Bela Bartok, Ottorino Respighi and Igor Stravinsky.
In addition to
traditional pianos, Baldwin manufactured a variety of player piano models,
available in both grand and upright styles. This market segement grew
quickly, peaking at 56 percent of the industry's total piano production in
1923. Unfortunately, due to new forms of entertainment including the radio,
movies, phonographs and automobiles, player sales fell 86 percent by 1929.
Compounding the
loss, the Great Depression began in 1929. Baldwin's survival was due to its
prudent management. During the early 1920s, Baldwin had created large
special reserves for unforeseen needs. These financial resources, along with
the direction of Lucien Wulsin II, enabled the company to weather the
adversity of this period.
By 1936 the piano
industry had rebounded, as consumer purchases in general had risen. The
National Piano Manufacturers Association reported that piano sales during
the first six months of 1936 were the highest in 15 years.
Baldwin business
was interrupted in 1942 when the U.S. War Production Board ordered all piano
building stopped due to the war effort. Because of its woodworking
expertise, Baldwin manufactured wings, fuselage parts and center sections
for the Aeronca PT-23 training plane and the Curtiss-Wright C-76 cargo
plane, as well as parts for fighter, bomber and glider aircraft.
Lessons learned in
the construction of multiple-ply aircraft wings became the basis for
Baldwin's 41-ply maple piano pinblock, still in use today for its
exceptional tuning stability and strength.
Piano production
began soon after the war ended in 1945. A strong post-war economy boosted
sales, with Baldwin's 1953 piano production doubling that of its pre-war
peak.
In 1965, a
revolutionary new Baldwin was introduced. The SD10 Concert Grand was
heralded as a major advancement in piano design. A music critic cited in a
Time magazine article about the new piano exclaimed, "If Beethoven
had had a piano like that, the course of music would have been radically
altered."
Artists such as
Earl Wild, Dave Brubeck, Michael Feinstein and Bruce Hornsby, as well as
organizations such as the Boston, Chicago, Cincinnati and Philadelphia
orchestras, have since stated their preference for the Baldwin SD10.
Baldwin upright
pianos have earned the recommendations of music teachers for many years.
Nearly 500,000 Hamilton studio pianos have been sold since its introduction
in 1939. In terms of overall production, Baldwin built its 1 millionth
vertical piano in 1973. Baldwin is America's largest piano builder, and
sells more pianos in the United States than any other manufacturer.
Source:
www.baldwinpiano.com |