Steinway & Sons’ oldest employees are forced to retire: Albert Sturcke, a multilingual stenographer hired by William Steinway in 1889 (52 years with Steinway & Sons); Frederick Reidemeister, the company’s accountant, close friend of Frederick Steinway (48 years with Steinway & Sons); Hermann Irion, a former manager (46 years with Steinway); A.J. Menzl, the factory manager. Also resigns Paul Schmidt, Theodore E. Steinway’s assistant and nephew (even though he’s five years older than his uncle / boss). All the retirements help to save $28,000 a year.