- Steinway & Sons’ profit is $26,059.
- Steinway & Sons sales: $2,248,508.
- Henry Ziegler Steinway, Theodore E. Steinway’s second son, joins the company.
- Steinway & Sons workers form a factory-wide union, “Piano Workers Organization”, an independent entity, with no connection to any national union – and win a 10% raise. (It will take Steinway & Sons union members two more years, and the support of the powerful nationwide union, to win the equal pay for Model S workers.)
- United Furniture Workers of America is established as a union within the Congress of Industrial Organizations. (Two years later it will become the official union for Steinway & Sons.)