, 1859-01-18


r,nM1rurrr
s a. 1850 1>Aeo o1 Aooo'
1A< 7id<s Of Trade North. East. South and
Vet Ahumdtr Of fa!tur4s in zach State
Grtat D<ertass il shs amount Of Losst.-
FfofPtcts Of B9tsn<ts foF fhs coming yeor-
Fiescs dzd Stat5ssics Of q -Htrc1ntslt AQ<1cy,
de-, dc.
oTrlcs or 44a Msaclsrnz Aorsc5.}
sl%aad Big BroadwaJ. New Hosh Jan.. 1853. 5
In our last auuual circular We discussed
somewhat fully the causes Of the commercial re-
vulsion from which We had then just emerged,
md it-reens to rs proper that we should now
confne ourselves 10 it, Effects ~ exhibited In
tho present condition aud future prospects Of
the different sections of the country. We have,
to this end, corresponded extensively. azaisted
By our branch and asaocia.e offices. The resulta
arrived II, must. from the nature OF this esrcu"
lar, be gwen in brief. The following digest, pre-
pared from uass o1 Information, We now Of
1eF;
!, NEW ioRk-Our table sho~s fednctlon IN
19e Number Of failures, as compared With 1891.
oi nearly ~ per cent but taxing New YORK
Guy out the proportionate reduction IL much
!esa. Our advices from different parts Of the
otate, concur IN representing that, while there
u no marked revival OF business, It is still NOV
ing forward, and on . surer basis than hereto.
tore. There is, however, much Indebtedness
: AA@
cities, and much. too, that will not be collected
without coercion. Crops, as whole, last year
gave about an average, though the depredations
OF the dy for ee7erai Yeara past have. IN some
OF the western parts, caused an almost entire
cessation Of planting the great staple, wheat
6rom this cause and the general panic, The
aour manufacturing interest remains much De.
pressed, while land haa 1eceded IN price; but 1t
le hoped that ere long the wheat growing Sec
uons Will regain their old pre-enineDce, both
fegards quality and quantity kenarks
which appfy 10 one portion Of this great Stats
do not equally apply to othera, and it is difficult
to draw general conclusions. Upon the whole,
although the panic was severely feit, there is
nothing to cause dependency.
:, fkSNsFLTAS1A exhibits 9 decrease OF nearly
.ni11y two per cent IN failures, as compared
WIN 1904. ohe mas soHefea severely, especial"
~ @ .ae coal ana iron regions, ana pfospeen
~ ~ toose branches OF trade are etlll gloomy.
me crops too. we're small, and although money
more plentiful OF ate, the indications are
'ns. eos1ness. 90 "nole, 10 recovering elo3Iy.
49, uoao s e3nto11s decrease N failures o. el9h.
eeen ano one'nall per ce.t- heaa estate Except
n ~, C'neinna1l, perhaps one or TWO other cisies)
% PHI oepresseo' pelng lo*s! ID pI1ce 'nen iof
rs4ss - saPs Pao- a,ohey s.aa. eoanus i ntgn
800 y. .se'' w sue 'alue1s uau laet }eas
nase t'op, nua ne'enaa!a arc paying se1y
11aoosu 'h,' o'1!e uas aouefeo &C.
,G!eH, ;!s eae uas escaPeu n2ouJ, aa compared
WIN naas ~as e1pee1ea Wnen tne panic COM
proportionate1v rond
Isp1AyA.-Fatn-es hare decreased nearly
tnenty .Eesen per cenI. pnt as the humoef ID
~. ysat is11tu "oa hleu' We eanuos otan -
ta'os4oie oeaue'1n o. 0a at nfa' ti?nt "ouIo ap-
TepbI. following 20 closely az it did The ahnrt
CROP of 1857. the wheat and cnrn crnn, of las,
year also Welding not over half an average. and
iortT days' continued vet weather preTeutln2
much of even that from heinp 1athered Fever
goods ara now brinp toId in nronortion Ia The
popalsticn than at nnF time previous. We do not
look for a laroa numher OF failures from this
State if merchants huT nrudeut,y. but the trade
will be- light.
M1ca1caS.-Failure, in 1855 are nearly eoua,
to thnse Of 1887 and tbr Stste recoyers sinwly
from her prostration. Tbs staple fvbea,l was
wool clip was good and helped the deficiency.
The lumber trade Of Northern Michigan ia ~
before. much depressed. Hard times stil[ con
tinue. The general indebtedneas. however has
been considerable reduced and va look for fewer
sales hereafter
I111yo1, e1hihi,s m increase of twenty nsr
cent. bu,this wouid be an unfair Indication in
itself The e1r.ct. of The noo;c wers mt "a in.
stantanpnn.lv teit az IN anna o,her Western
States. and ~ a conrenuence ttc failures in
1857 foutaide of Ch;ca1ot were rrooortionately
ANAL The ;ncresse n ISIS ras aitopether in
DQffiOU8 0btf1UN
this view. This State has escaped ve!l-the
MERCHANTS alone are affected. aud even upon
them It has not f4ilea go disastrousiy as upon
those ia some other States The recein:a Of corn
aud PORK fell below an average last year. but
those of wheat and beef were rood, On the
Whole. tbe State in in far condition. and with
the Lesson OF he pauic to serve ~ cheek,
seems to hare nrnmisino t;mrs ahead
lava shnws decreass of .eyenteen n4r rent
Her fuilures in 1s57 were iarpe. It il trne' hnt
from The utter nrostration she had UNDERGONE
we Iooked for eren wor.a ncco,,nta lat eear
Probably no State Tas in 70 had a eondjtion tor
the rerutsjon when it came unon fer =: a comhi.
nst;on of fc;1cnms,ances. .eemed IN thraatan nt,
fer min srerThod1 VA 10 debt M banIa of
issue. and no circulatiue medium but foreign
currency which wax Withdrawn Al ann a. he
manic VA feIt. cron, filled LAST yenr but in the
Des Moine. vaiiaT there was pood sunnly of
nork which sfforded aome relief. The recent
nrpanizat;on of - Mate Rank with ten branches
end a can;teI Of $500 oco viiI wo1k some ~.
lief thon9h the camtof 10 TIM limited far tha
general cood T;na NINA, e,ansa hafora heo,thv
hrs;oess can be done
W,scoxs1s shows m ;,rrense of twentv +hrea
ner csnt wh;rh eth tn her her lar Iaroe ~ nronart;on n of
fs;,nrea n 1s57 nroves that he efftct nf tha
nnnie hos baen ,ntrcu,;srlv hord nnon her n,ar.
chants rart .A' Henr IF thnse WIN ho9e STRUGGLED
~ANHJ -. "0eeS "4N .h5'NA