• Steinway & Sons’ net profit drops from half a million dollars on the previous year to $240,000.
  • Stressed by what he perceives as his personal failure to maintain the company’s increasing prosperity, Charles H. Steinway falls ill. (Because of the illness, he will remain inactive as Steinway & Sons president until 1916.)
  • Hamburg Steinway Pianofabrik loss is $5,000.
  • Theodore D. Steinway, Theodore E. Steinway’s first son, is born. (In the future he will work as an engineer at Steinway & Sons, and will be responsible, among other things, for the controversial invention of Teflon (Permafree) piano bushings).