The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1875-11-03

/. Bankruptcy Returns.

- The faiiuresin the United States and
the Dominion of Canada for the first
'three:quarters of the present year; as re-
ported by the mercantile agency Of Dun,
Barlow y 20, are as follows: Total
mum Der Of failures in the limited d States.
1884; total. amount Of liabilities. Si3I.-
l72,503. Total failures m the Dominion
of Canada, 1860; amount of liabilities,
$2l,9ll ,544. Abe failures in the, United;
States Tor the first quarter were 1882:
Liabilities, $43,l70,953; second quarter.
1881; liabilities, $50, 667,3l3: third
quarter, LII; liabilities, $54,328, 237.
Dominion Of Canada, first quarter. 3Q6:
liabilities, $4,l41,340; second Quarter
1872; liabilities, 1856, lO4; third quar-.
ter, 74l liabilities, SO. 1914 100.
Messrs: Dunn, Barlow g. Co. make the
following comment on, the above figures
as compared with those Of previous years:
Sowing to the fact that this is the first
year III which quarterly returns of fail.
ures have been compiled, it is impossible
to institute an accurate comparison with
similar periods included in the above fig
ures. But with the total failures Of pre-
vious entire years before us, divided by
three-tourths, a comparative result is
reached which will be sufficient for all
practlca! purposes. The total failures
Tor 1872 were 1907, with total liabilities
| OF $lzl ,056,OOO; three-fourths of failures
5,O5O, and three.fourths of liabilities
$9O,'9 1000; 1873, failures 5,l83, liabili-
ties SIS, $4,000, thre:-four,hs of fail
ures 3,6S7, three.fourths of liabilities
l,374,OO0; 1874, failures $3.50, liabil.
tiles 1856, 239,000, thsee.fourths of, fail
ures soil, three'fourths Of liabilities
$ll6, 429,OOO; 1875, failures for nine
months 1884, liabilities $l3l,l72,O 900.
Average failures for nine months of four
years, 4, 100; average liabilities for nine
months of four years, $l27, 442. Excess
IN number Of failures for. past nine
months, l,l74; excess of liabilities for
same period, So, 100000. In New York city
the. failures for the past nine months
number SAG, with liabilities amounting to
$3l,O0O,0O0. Referring to the same mum.
Der OF months in previous years, we find
the failures in 1874 were 4S3, With liabil-
tiles Of 100000; in 1878 the failures
in the nine months were 49S, with liabili-
ties OF 100000, GOO; and in 1872 the num-
Der was BIS. with liabilities of Sl5,OOO,.
OOO. Taking the average of the nine
months in four years, the result is AGO
failures, with average liabilities of $685.
oOO,OO0. So that, though the above fig
ures for New York look somewhat start.
ling, :helr comparison with the average
OF years indicates that they arc not very
excessive. 1t must also be borne in mind
that, included in tAe failures of the past
quarter, there were few of exceptionally
heavy character concerns alone in
New York city aggregating liabilities of
over eight millions Of dol ars. This fact
also more than accounts for the increase
of liabilities resulting from the failures
for the entire country, as shown in the
above comparative table. The increased
number of failures, however, not only in
New York, but in numerous sections of
the country, is All important indication
OF the pressure Of the times, and, if not
accounted for, may create some appre-
hension as to the future.