Symphony concerts do not pay. According to Clarence H. Mackay, they cannot pay.
Mr. Mackay is President of the Postal Telegraph-Cable Co. As Chairman of the Board of Directors of the Philharmonic Society of New York, he issued a report which elaborated the unlovely fact that where there is symphony there must also be deficit.
Even with full attendance at all concerts, a symphony orchestra in any city of the U. S. would play at a large deficit. Such deficits are increasing. It is true that in recent years attendance...
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