New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-07-16
BALES FROM 212 O'CLOCK p NJ. TO CLOSE OF Bus
MSS g O'Clock =. NJ,


We have received from the Mercantile Agency OF
Messrs Dam Barlow d Co. their circular just issued,
showing the number of IN rcaIte and o. her failures
during the first six months of 1870, aud presenting
the business outlook of the country gathered from
their correspondence which eXtends not only to the
cities and large villages of orr country but to the
harnlets as well. The result of the information thus
obtained is that while the number OF failures has
slightly increased over that Of the average for the
corresponding period for three years preceding the
aggregate Liabilities of the houses failed is consid
erably less The conclusion arrived at IS that the
expectations entertained last January to the
effect that the business of the country
would rapidly revive have not been fulfilled since
very little Il any Improvement is pcrceptiblc in
either the volume pIOhtablenosS Of trade when We
compare the present with the condition OF general
business one year agOin short, that merchants as Il
rule, still doing business without making profits
and that are apparently prosperity than
VIC were eighteen months ago, though as a matter OF
sober fact just eighteen months nearer that
mucl-dcsired condition. The fact that the failures
in Great Britain during the past three months have
far exceeded those of the United States for six
months affords consolation, since business dis
asers i'm one great country can do no good but must
do harm to other count RES but the fact shows that
other counties than have Oyertraded and pro-
duccd in excess of the legitimate demands of the
markets. Tie circular concludes By taking some
what hopeful view of the future saying:
The repOts from all the c,ef OF trade ndi-
cate much that IL encouraging. Wha,ever an abundant
agricultural product will accomplish toward a restora-
ton OF prosperity will certainly this year he contributed
the purchasing and debtpayng power of the people ia
sections OF the country will be improved. while cyn
siderable activity must be provoked during the Autumn
in replcnsing the small stocks Of merchandise held la
all hands Other thugs than agricultural SUCCESS na.
Dc needed to restore universal prosperity. Expectation
founded upon that basis has already led dpPont-
ment. But whatever else may b. needed, 1t
seems hardly possible in the nature Of things that
yiyal he much longer Delayed Every day must
bring arer "a the commencement o! better state Oi
thugs. We have all the elements Of wealth at hand
abundant and varied resources, unriVilcd means of
transportation large surplus Of unemployed capital
welltred and successful monetary system, and above
ALL people who have experienced far worse condition
of things and yet have achieved II may be that
the LundTedih anniversary Of the nation will both
and 20 before chronicle perm activity
and profit In business bat If comes 10 us in the
Interval than bcfaen Ia the six months under re-
view, there will be for cOngatulaOn. The great
lessons OF patience and economy, and the practice Of
such business principles as Will equally apply to poor