- By the end of the year Steinway & Sons’ inventory consists of a full year’s worth of unsold pianos.
- Notwithstanding the lack of sales, Steinway & Sons declares the 10 % dividend, and the stockholders receive another $200,000. The company’s net profit is $247,500.
- By this year William Steinway’s Daimler Motor Company catalog offers a line of Daimler-powered boats ranging in length from sixteen to fifty feet. William Steinway owns “Gemini”, a fifty-foot-long “cabin cruising launch” with two 12-hp four-cylinder engines.
- By the end of this year, a Daimler-powered carriage regularly rolls around Steinway Village.
- Physicist Hermann von Helmholtz notes that the curvature of the Steinway & Sons piano reminds him of the shape of a human eardrum.