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Straube Piano Company
The Straube Piano Company (1895–1937) and its successor Straube Pianos Inc. (1937–1949) were American piano manufacturers of uprights, grands, players, and reproducing grands. The years 1875 to 1932 were a golden age of piano making, a time when pianos had few competitors for home entertainment. Straube manufactured pianos for the last 37 of those years. At the peak in 1909, nearly 364,545 pianos were sold in the United States, according to the National Piano Manufacturers Association. By comparison, in 2011, 41,000 were sold, along with 120,000 digital pianos and 1.1 million keyboards, according to '' Music Trades'' magazine. The Straube Piano Company had its own golden era, from about 1904 to 1935, from several perspectives. The company flourished as an innovator of player pianos, rapidly grew into a high-volume producer of premium and affordable pianos, and earned acclaim for its concert grands. Straube Piano Company developed influential business models based on innova ...
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Downers Grove, Illinois
Downers Grove is a village in DuPage County, Illinois, United States. It was founded in 1832 by Pierce Downer, whose surname serves as the eponym for the village. It is a south-west suburb of Chicago. The village is located between I-88 and I-55. History Downers Grove was founded in 1832 by Pierce Downer, a farmer who traveled to Illinois from Rutland, New York, but was originally from Vermont. Its other early settlers included the Blodgett, Curtiss, Blanchard, Stanley, Lyman, and Carpenter families. The original settlers were mostly migrants from the Northeastern United States and Northern Europe. The first schoolhouse was built in 1844. The Chicago, Burlington and Quincy Railroad was extended from Aurora to Chicago through Downers Grove in 1864, boosting its population. The town was incorporated in March 1873. Its somewhat unusual spelling ("Apostrophe-free since 1873") remains a minor historical mystery. In April 1947, the wreck of a Burlington Railroad ''Twin Cities Zephyr ...
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Non-compete Clause
In contract law, a non-compete clause (often NCC), restrictive covenant, or covenant not to compete (CNC), is a clause under which one party (usually an employee) agrees not to enter into or start a similar profession or trade in competition against another party (usually the employer). Some courts refer to these as "restrictive covenants". As a contract provision, a CNC is bound by traditional contract requirements including the consideration doctrine. The use of such clauses is premised on the possibility that upon their termination or resignation, an employee might begin working for a competitor or start a business, and gain competitive advantage by exploiting confidential information about their former employer's operations or trade secrets, or sensitive information such as customer/client lists, business practices, upcoming products, and marketing plans. However, an over-broad CNC may prevent an employee from working elsewhere at all. English common law originally held any su ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ...
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Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ...
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New Castle, Indiana
New Castle is a city in Henry County, Indiana, east-northeast of Indianapolis, on the Big Blue River. The city is the county seat of Henry County. New Castle is home to New Castle Fieldhouse, the largest high school gymnasium in the world. The city is surrounded by agricultural land. In the past, it was a manufacturing center for the production of sheet iron and steel, automobiles, caskets, clothing, scales, bridges, pianos, furniture, handles, shovels, lathes, bricks, and flour. Starting in the early 20th century, it was known as the Rose City, at one point having 100 florists and numerous growers. According to the 2010 census, the population was 17,396. New Castle Correctional Facility, with a capacity of over 3,500 inmates, is located just north of the city. History New Castle was platted in 1823, and named after New Castle, Kentucky. A post office was established at New Castle in 1823. The Maxwell automobile factory, later owned and operated by Chrysler Motor Corp. was, ...
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Capital Stock
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or pa ...
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Gothenburg, Sweden
Gothenburg (; abbreviated Gbg; sv, Göteborg ) is the second-largest city in Sweden, fifth-largest in the Nordic countries, and capital of the Västra Götaland County. It is situated by the Kattegat, on the west coast of Sweden, and has a population of approximately 590,000 in the city proper and about 1.1 million inhabitants in the metropolitan area. Gothenburg was founded as a heavily fortified, primarily Dutch, trading colony, by royal charter in 1621 by King Gustavus Adolphus. In addition to the generous privileges (e.g. tax relaxation) given to his Dutch allies from the ongoing Thirty Years' War, the king also attracted significant numbers of his German and Scottish allies to populate his only town on the western coast. At a key strategic location at the mouth of the Göta älv, where Scandinavia's largest drainage basin enters the sea, the Port of Gothenburg is now the largest port in the Nordic countries. Gothenburg is home to many students, as the city includes th ...
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Standpipe (firefighting)
In North America, a standpipe is a type of rigid water piping which is built into multi-story buildings in a vertical position, or into bridges in a horizontal position, to which fire hoses can be connected, allowing manual application of water to the fire. Within the context of a building or bridge, a standpipe serves the same purpose as a fire hydrant. In many other countries, hydrants in streets are below ground level. Fire trucks carry standpipes and key, and there are bars on the truck. The bar is used to lift a cover in the road, exposing the hydrant. The standpipe is then "sunk" into the hydrant, and the hose is connected to the exposed ends of the standpipe. The bar is then combined with the key, and is used to turn the hydrant on and off. Dry standpipe When standpipes are fixed into buildings, the pipe is in place permanently with an intake usually located near a road or driveway, so that a fire engine can supply water to the system. The standpipe extends into the bu ...
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Kiln
A kiln is a thermally insulated chamber, a type of oven, that produces temperatures sufficient to complete some process, such as hardening, drying, or chemical changes. Kilns have been used for millennia to turn objects made from clay into pottery, tiles and bricks. Various industries use rotary kilns for pyroprocessing—to calcinate ores, to calcinate limestone to lime for cement, and to transform many other materials. Pronunciation and etymology According to the Oxford English Dictionary, kiln was derived from the words cyline, cylene, cyln(e) in Old English, in turn derived from Latin ''culina'' ("kitchen"). In Middle English the word is attested as kulne, kyllne, kilne, kiln, kylle, kyll, kil, kill, keele, kiele. For over 600 years, the final "n" in kiln was silent. It wasn't until the late 20th century where the "n" began to be pronounced. This is due to a phenomenon known as spelling pronunciation, where the pronunciation of a word is surmised from its spelling an ...
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Michigan City, Indiana
Michigan City is a city in LaPorte County, Indiana, United States. It is one of the two principal cities of the Michigan City-La Porte, Indiana Metropolitan statistical area, which is included in the Chicago-Naperville-Michigan City Combined statistical area. In the region known to locals as Michiana, the city is about east of Chicago and west of South Bend. It had a population of 31,479 at the 2010 census. Michigan City is noted for both its proximity to Indiana Dunes National Park and for bordering Lake Michigan. It receives a fair amount of tourism during the summer, especially by residents of Chicago and nearby cities in Northern Indiana. The lighthouse is a notable symbol of the city and is incorporated in the heading of its sole newspaper, ''The News Dispatch'', and its official seal. History Michigan City's origins date to 1830, when the land for the city was first purchased by Isaac C. Elston, a real estate speculator who had made his fortune in Crawfordsville, Indiana ...
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Monon Railroad
The Monon Railroad , also known as the Chicago, Indianapolis, and Louisville Railway from 1897 to 1971, was an American railroad that operated almost entirely within the state of Indiana. The Monon was merged into the Louisville and Nashville Railroad in 1971, and much of the former Monon right of way is owned today by CSX Transportation.Historic Marker in Monon, erected by the Monon Historical Society, 1982 In 1970, it operated of road on of track; that year it reported 1320 million ton-miles of revenue freight and zero passenger-miles. (It also showed zero miles of double track, the longest such Class I railroad in the country.) Timeline *1847: The New Albany and Salem Railroad (NA&S) is organized with James Brooks as president. *1854: The NA&S trackage stretches from the Ohio River (at New Albany) to Lake Michigan (at Michigan City). *1859: The overextended and struggling NA&S is renamed the Louisville, New Albany and Chicago Railroad (LNA&C). *April 30, 1865: The LNA& ...
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Calumet Region
The Calumet Region is the geographic area drained by the Grand Calumet River and the Little Calumet River of northeastern Illinois and northwestern Indiana in the United States. It is part of the Great Lakes Basin, which eventually reaches the Atlantic Ocean. It is a sub-region of the greater Northwest Indiana region and the even larger Great Lakes region. This region includes the northern parts of Lake and Porter counties and the western portion of La Porte county in Indiana, as well as the eastern counties of northern Illinois, Will and Cook. Since much of this region is on the south shore of Lake Michigan, it is sometimes referred to as the "South Shore". Because it was initially cut off from the rest of the state due to natural geographic barriers like the Kankakee Marsh to the south, the Calumet Region was the last-settled portion of Indiana. The area is known for its industrial heritage and history as a center for production of steel, minerals and chemicals. The toxic bypr ...
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