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1982 D H Baldwin Company

 

 

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Stock Code VM-DHB01

  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

 

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