New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-04-14

LAT rs 1913 sIsDO0O1O Iuc. 1913 lac. s26,0a0f0o
55S S5S a he S 81 j 3s iS SSSSSSS
The figures for the first quarter OF 1870, compared with
those op ls75 do not reveal difference so startling
"a when ed with those Of the first quarter o So
There IL positive decrease IN the amount 0i hanlhtcs
and the whole of the ab,y, figures show gradual reduc-
In the average anoIu, o., apuos Ill P'oiOi'io "
The figures which we present herewith do not give
m' Encouragement the belief that the return OF
~ nr than "A year ago. The business OF the country IN
every department, continues 20 Do restletu ~ v 49,
ncnss and In the face OF declining prices OF al staples,
he possibilities OF pront nave beru slgIt lhdo.d IL H.
therefore, not matter OI surprise tnat 80 many
su,,.unbed TO pressure OF the times Tue WONDER
rather IT, that with all the dseonrgenents wnleh III lhe
t Two or three wears nave been experienced, 80 many
Survive In condition Of apparent STABILITY. Mheh an
create surprise the statistics of failures show
a marked increase in seasons like tho present;
expenditures Of the war induced and winch Vastly Ia
creased currency caused TO be perpetudsea coud nor
ta.e mace without stimulating trade unduy, ami eans-
ng such large numbers To enter commercial pursuits IS
10 crowd tine avenues OF business wan NOR tah an
,de1uate number when trade was al It's pest but
nov that there but little business To DC done Oeyotd
supplying restricted want, of the people tHe eAces
sve number In trade must be cssenco, ana the struggle
for existence, the doctrine OF the survival oil INC httS
receives fresh ilustr'ton II II to Oe d'oei l tne
large army traders, whose services are ~ longer re-
aured cannot retire from the h'ld except thIod5h l
ue The voluntary Withdrawals IRON business ~, I'm
Tar less proportion than they should DO III view oI the
! great re- ucGiOu III It's extent. \, 81. a., ,,.
nrSrJ Indication OF bad OF trade II appears
"a nurh this the only process ny when the huloer
cuytyei can lessencd, 80 that those Mbo remain may
make profit enough To yield vins III ems very IN
nruisin thas such consideration should DC uISeu as
an Indication of possible improvement III Tue cohhuoh
~ busness vet from this process very ttle nope
can bo derived OWING to the facility WIN whlch com
uromises are elected. The very men WHO nave uemp-
their Lack OF success are those Oy WHO hAhc
money m these hard times. By purchasing their assets
frnn tuer creditors low nhfe, suielenl capi 10
mi lur.qutnty yielded 10 continue Ill s. uut
w,vs Ia The dcttiment of those VINO are endeaV0!inS
tn Jrbaree their Obligations in full. In this view II
| IL a national calamity that the Bankrupt law Is IN us
prscut condition. Tao Wlae ana llOtIa pllhcple when
| mis- law Ia intended 10 MAINTAIN Ii adjusted by inc
| misakes I'm lis enactment, and the facility which
| n Affords to tile ucUtOr, BY JudlclOus manlpuli-
| ZION 10 dictate terms 10 the creditor, who Thereby
Loses control Of his own prOpety and disposition is
moi mfreguently made OF IT, entirely foreign to has
wishes ana opposed his convictions. The many con-
alterations winch creditors To yield TO the oolicit-
tons OF debtors compromise Of their Indebtedness
are sufficiently strong keep the ranks u Of thOso VINO
nave taed Uut CnCuutag, To fraudulent
failures and wcli-.oined attempts To make money by
class mlstOrtuncs were certainly never cOuteu.-
| plated by hu,n however Ia the result ana,
added all tie limitations and difficulties of business OF
Tie present time ID MISFORTUNE that who failures
arr, numerous, tne excessive number engaged IN re-
strctcd trade lessons slowly fraud Is encouraged ana
the chances iUr upright and capable nCr nam
are diminished uy tho failure ana subsequent settlement
m "A tuGing dividend Of tho weak IN capacity and The
! poor In capital. .
TaeIc much IN the present outlook u encourage
tie hope oil immediate revival o. business The Sp.lhS
trade generally hts been very disappointing b3th IN eA-
tent aud pfUri, and the DdekWardness OF Tue season
rrtad, demand for goods which IL was Thought ne al
follow The regular seasons pul chascs There Is now
ever steady realization from producers Tor Their s'a