New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-01-23

The following table shows the comparative results:
y y,ors 81 Il .s Cite Balance p,s Ts No I,-,
$50 $50 $50 57Sooo si2l Ggso0o 3S;i sss $aS 900
s72..Ss5. 2o6s4Ooo S6sil06S75 900 4o6el2i 0S6,coo
1878 GA 81 635 900 1859 1885 51S3 22s 900
From the above II will DO that there more
failures by 0O IN 1873 than In 1872 with an increase in
ew-York City is chargeabe with 81, 100000 showing
that throughout the balance OF the entire country the
increase in liabilities Is only $s60OOOoO which is not a
very excessive amount as compared with that OF pre-
yious years or the NewYork liabilities, very large
amount are those OF banking firms who owed largely 10
depost0rs ana on cal loans on collaera large quota
of which have been lquidated OF adjusted. There has
been, of course very marked increase in the sus-
pended payments Of the ordinary character but the
above consideration should be borne IN mind confirm
the result monetary disturbance than OF
cial crisis II such distinction can be allowed.
As to the general souDdness of trade when the panic
broke out the circular says:
We doubt II ever the trade OF the country seemed
more prosperous than during the first ten days of
September. The promise OF abundant crop had been
IuInleu prices uDloau Ior al prouuc.s were gh M
portatlons were moderate ths oedit OF The We're
msnt M EDWARDS successful deyeopment But
few dsys-nay. few hOurs-were sufficient TO put
everything into disorder to upset the plans and schemes
pension OF the monetary facilities OF the entire country
trade day is impractcable. IL such
condition of things is possible at any moment, the
panic OF September Will have been in vain. If
business men generally will find that the essential
element OF safety keep their affairs In snug shape
and ready Tor any emergency.
The closing paragraph of the circular is follows:
II is by certain that all the results Of the
late financial disturbance have been felt There are
throughout the country large number Of traders who
pay at maturity there are many who are taking
advantage of the times to force compromises upon their
creditors and the failures in the current quarter
likely enough 10 be numerous. But we are glad ~
believe that the internal Indebtedness is not excessive,
and that rule the debt paying power OF the coun-
try prOpOrtOnate TO its engagements The foreign III
debtedness of merchants has seldom been as light as
at the present moment, and no default III this
respect may be feared With udicous legislation in re-
latiOn finances, continued growth IN confidence and
restoration TO ordinary channels of capital there Is
every prospect of good Spring business. If the pro
gress toward healthy state of a1ars which mas Deen
made the past weeks is equaled by the next ten
of which there is every prospect there Is good hope
that incredibly short time the general effects to
the merchants the disasters OF 1873 Will be hardly dis
cernible in the immediate future that is store for
them. Only lessons taught should remain 70 make
the future secure.
The Philadelphia stock market is inactive; Penn
syvania 6s 109. Philadelphia and Erie Railroad, 22l
Reading Railroad. So Pennsylvania Railroad, 50 (;
Gold, I'LL.