The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1877-04-22

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| The increase in number forI the ouartar q,
| pears To he ouiy slxty-thres aud Is only Al ~
| nih2en1 pecauSe any increase az all was unex
peeted. Inc falling off in the average of
ia oiliIles, no "ever, Is taken as a good sign
ana ought TO atone :or the small addition tn
the numbers. Ia seeking to account for tfs
oont'nned large number of these casualties, the
| agency says: WIG
considering the political uncertainty in
estuary ana February, and the restricted
business winch has prevailed thrSu bout the
| quarter, IT Is rather surprising that the in
| crease In failures is so small II nnst he
fecolIecsed that the decline in the volume of
trane within the past four years has been
hhuch greater than the decline in the number
OF traders whom it sustains. IF the same ratio
had prevailed in the number of failures and
t~lChura"ais from business, in proportion as
business became restricted in extent duriny
the past three years, it id certain the numbeT
OF failures would have been 1ouc, Craator
apo' so long az business continues without
material improvement, SO long may failures be
numerous Some interesting figures ON this |
view OF the situation may be cleaned nv com
PiHring 'ne disasters in business with the de- |
cline IN Its extent. For the three years from, |
The end of 1873 to the beginning of 1877 the
total number of failures in the TInited atotao
oaS oeen " O62.- This amounts to less than 4 |
per oenG. on those engaged in business at the |
end OF 1873 This is IN small proDortion n
Che oeollne In the volume of trade 1t ia dif1-
t culC 20 arrive at any definite conclusion as to
tne extent of this decrease, bnt if measured nv
the falling off in imports and the well. known
decrease In the production of manufacturer,
She Lhternal ouslness of the country TODAY ia |
less oy 50 to Is per cent. than it was in 1873.
90 toat the number of Withdrawals from bns. |
mess by failure or otherwise, is far less than
seems seems either justified or demanded by the
acted. w 10 "SnS-
With regard to the trade of the past three
nonEns 81 Is alleged that, notwithstanding
Io stocks in the hands Of the retailers, and
low prices for many staples, the demapd for
Eooue mas Oeen weak and irregular and the
amount OF business done in ali branches of :
much less than was anticipated.
AIter charging upon the Bankru pt law an
aSstsVatlon of existing commercial disabili-
1SS tne review concludes as follows:
me early prospect of practical settlement
81 me Southern question is regarded as a
harked contribution towards q return of more
times. The great staples of this
'eouon are of prime Importance in the markets
u the world, and its power of absorption of !
goods, especially in view of the small stocks j
leld' IS too well known to need comment. If 3
ecent events remove the clog from it's mate z
lat progress and inspire it's people with 4
mercy to extend their productions and in 4
rease their wealth, better hope may be en-
ertained for the whole country. This, with .,
ther indications, is of an encouraging char.
or, and leads TO the belief that the ysorEt IL .
astf and II we are favored wish snothor ono5 ~