The Packard Piano Company had it's roots in the reed organ industry and was located in Fort Wayne Indiana area since 1871. Isaac T. and Edmund Packard moved to Fort Wayne after the Chicago fire in 1871. With the backing of a banker S. B. Bond, the name was changed to the Pakard Organ Co. in 1900.
Chronicled in the Gellerman's International Reed Organ Atlas, these instruments, of the highest grade, were manufactured in America. They presented an ideal example of high grade sales both here and abroad.
Many piano manufacturers that made highly esteemed pianos around the 1930's went bankrupt during the Great Depression. Much of the nuances about construction, design, art, and engineering were lost. These lone manufacturers were bought up by the surviving companies. In some cases, the companys design continued to be used, and some were not. The Packard Piano is included in the list of these manufacturers.
A model industry, where labor is brought to the art of perfection, the inner workings of this factory find expression in the terms "The workings of the Packard factory at Ft. Wayne present and ideal example of harmonious industry". If there is no harmony in the factory, there will be none in the piano. The result was loyal employees that created superior results in skill and efforts. High endorsements from many famous musicians created increased production and these versitle pianos met the requirements of all buyers.
The output of these instruments greatly increased through the years and is today, one of the largest in the country. Sale and restoration of the few that remain are in great demand.
The Packard Interpreter player-piano (grand, upright and reproducing styles), presents the same artistic flavor as the Packard Piano. For those who are acquainted with it, the Packard does provide the best proof that it's merit is held in high esteem.
Larry Fine, includes the Packard as being on the list as a go by guide for investment opportunities that still retain value. Larry says that a good piano in poor condition is still a poor piano. A medium-grade piano in good condition may be the better investment. This is by no means complete, or universally agreed upon, but is merely a guide.