River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1875-11-05
RnmI.rnptcY Rel..rns.

The failures in 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 & Co, are as follows: Total
number of failures in the United States,
1854; total amount Of liabilities, $l3l,-
l72,503. Total failures in che Dominion
Of Canada. 1869; amount Of liabilities,
$2l, OIL l4. The failures in the United
States for the first quarter were 1852;
liabilities, $43 1898 second quarter,
1851; liabilities, $33,607,3 l3; third
quarter, LII; liabilities, $54,32o,237.
Dominion Of Canada, first quarter, 1916;
liabilities, "a, 1880; second quarter,
1872 liabilities, $7,S76,l04; third quar-.
ter, 74l; liabilities, $9,S94, 100.
Messrs. Dunn, Barlow & Co make the
following comm mt on the above figures
as compared with those of previous years:
lowing to the fact that this is the first
year in 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
urcs. But with the total failures Of pre-
yious entire years before us, divided by
three fourths, comparative result is
reached which will be sufficient for all
practica! purposes" The total failures
Tor 1879 were 4,067, with total liabilities
of 1921 ,056,000; three-fourths Of failures
3,050, and three-fourths Of liabilities
$90,194 900; 1873, failures 5,l83, liabili.
ties $22S. 10000, thre..-f ourths Of fail.
ures 1857, three.fourths of liabilities
Sl7l.374 600; 1874. failures $3.50, liabil.
tiles Sl55, $780, 900, three.fourths OF fail
ures 4,3Il, three-fourths of liabilities
100000; 1875, failures for nine
months 1894, liabilities $l3l, l72000.
Average failures for nine months Of four
years, 4,l60; average liabilities fer nine
months Of tour years, $l27, 442. Excess
in number Of failures for past nine
months, liza; excess OF liabilities for
same period, SO, 10000. In New York city
he failures for the past nine months
number $40, with liabilities amounting to
$3l ,0U0,0OO. Referring to the same nun
Der Of months in previous years, we find
the failures in 1874 were 4S3, with liabil.
titles OF sd, 100000; in 1913 the failures
IN the nine months were 49S, with liabiIi-
ties of $4,000, 400; and in 1872 the mum.
Der was 3l5, with liabilities of Sl5,0O0,-
900. Taking the average Of the nine
months in TOUR years, the result is 400
failures, with average liabilities Of $685.
O0O,O00 SO that. though the above fig
urcs for New York look somewhat start
ling, their comparison with the average
Of years indicates that they are not very
excessive. 1t must also be borne in mind
that, included in the failures of the past
quarter, there were few Of exceptionally
heavy character-four concerns alone in
New York city aggregating liabilities Of
over eight millions Of dol airs. 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 an important indication
Of the pressure of the times, and, il not
accounted for, may create some appre-
hension as to the future.