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The Phonograph Monthly Review 147 MONTHLY AXEL B. JOHNSON, Managing Editor Moses Smith, Associate Editor Richard G. Appel, Literary Editor Robert Donaldson Darrell, Secretary to the Managing Editor Editorial Department and Studio: 64 Hyde Park Avenue, Boston, Mass. Telephone, Jamaica 5054 )t Pbottograpf) $ubltelnng Co., 3nc. Axel B. Johnson, President Frank B. Forrest, Treasurer Charles H. Gilmore, Secretary H. Lester Ziegel, Advertising and Circulation Manager Business Office: 101 Milk Street, Boston, Mass. Telephone, Hancock 4828 Cable Address: “Phono” All business communications should be addressed to the Business Office, 101 Milk St., Boston, Mass. All MSS., records, machines, and appliances or review, and letters to the Editor should be addressed to the Managing Editor at the Studio, 64 Hyde Park Ave., Boston, Mass. All unsolicited contributions must be accompanied by a self-addressed, stamped envelope. THE PHONOGRAPH MONTHLY REVIEW appears on the twenty-second of each month. All material is full pro- tected by copyright and may be reproduced only by per- mission. All checks and money orders should be made out to THE PHONOGRAPH PUBLISHING CO., Inc. Yearly subscription price $4.00 in the United States and $5.00 in Canada and other foreign countries, postage prepaid. Single copies 35 cents. Advertising rates upon application. All advertisements for the MART COLUMN must be accompanied by remittances in full; for rates see under MART COLUMN. Subscription and advertising agents given liberal com- mission. Write for particulars. Editorial This fourth issue of The Phonograph Monthly Review will reach its readers just about Christmas time. To all the readers and contributors, to all those who have done so much to encourage and support this enterprise on the behalf of recorded music, and to all those who have the interest and welfare of fine music and the phonograph at heart, The Phonograph Monthly Review extends its heartiest good wishes both for the holidays and for the ensuing year. We are all most proud and happy to have Christmas, 1926, see the great wave of enthusiasm in the whole phonograph movement surged up to the height it is today. What next year will see we can only anticipate. The unfailing phonograph, as we all so well know, will do its part in making t h is Christmas and this New Year merry and happy ones. That they may be truly merry and happy is the cordial wish we send our readers with this issue of the magazine that means so much to all of us. See inside back cover for Table of Contents Copyright, 1926, by the Phonograph Publishing Company, Inc.