Frederick T. Steinway and Henry L. Ziegler announce during board meeting that the new grand piano, 5 feet, 10 1/2 inches Model L, will replace the Model O, Frederick T. Steinway’s least favorite piano. The new Model L will be manufactured both in mahogany and ebony finish. The company’s most popular product, Model M, from now on will also be offered in ebony finish, making it considerably cheaper than the version of Model M built in traditional mahogany.