Just had to share this with the forum.
The following two audio samples clearly demonstrate just how good acoustic recording could be...
Crépuscule by Jules Massenet Performed by Amelita Galli-Curci (Sop), Homer Samuels (Celesta) Victor 64807, Recorded 10 October, 1918
http://www.78rpmcommunity.com/beta/mp3-music/albums/211
Arrival of the British Troops in France - Columbia Acoustic Record #A1672, Matrix #29161
http://www.78rpmcommunity.com/beta/music/album/185/arrival-of-the-british-troops-in-france