- William Steinway expands Daimler Motor Company, increasing its capital to $100,000 and erecting new buildings. He supervises the adjustment of heating, plumbing, and lighting after the structure is completed.
- William Steinway declares $200,000 dividend for Steinway & Sons shareholders, of which he receives about $80,000.
- Charles Tretbar becomes treasurer of the Board of Trustees of Steinway & Sons.
- Nahum Stetson, in addition to being a director of Steinway & Sons, becomes its corporate secretary (he will keep that post until 1926).