New-York tribune., 1879-01-02
FAILURES or THE IEAR.

A LONG RECORD OF BUSINESS REVEKSES.
OVER NINE HUNDRED FAILURES REPORTED HERE
WITH LIABILITIES OF NEARLY sIXTY-FoUE
MuIIoNs-sMALL NUMBER SINCE THE REPEAL
OF THE BANKRUPT ACT.
During the past year 917 failures were re-
ported ia this city with liabilities Of S639jS, ,i03,
and assets at SlsG9j,53l. This exceeds the
record OF any former year, but the large mum
Der is mainly due to the repeal of the bauE-
rupt act for during the last quarter the failures have
been much less than usual Most OF the weak firms have
been crowded out OF business and the prospect in trade
in the coang year is much brighter than year ago,
Many well-known firms compelled 10 suspend dur
ing tho year, which regarded as perfectly solvent
Their failure was received with the greatest surprise,
some of them having been in business for over half
century. Among them Joseph Foulkess Sons oily
phant ~ Co Booth IL Edgar, B. l.. Solomon * Sons
Bryce x smith, John L. Henry, Curran y Co., Henry
Lawrence & Sons, j. C. Dayton Goa James Ield CO..
j. L. Adams & Co., Jewell Harrison Co, Joel Hayden
K Co. and W. A. Ransom Co.
The largest number OF failures was in the liquor
trade aud among tue bankers and brokers, forty being
asclibcd 10 each. The liabilities OF the BANKERS
aud brokers amounted to the large sum OF
81 g2g sol, while their were ony SJJ9,OI3.
Among these g. NJ. Mills Co.. li'ar
& Co., j. r. Cccn IL Co. and Davidson Il Jones.
The liquor dealers had liabilities OF $l95S,25l and
assets Of $4,000, the largest failures being those OF
Bayard 4 Pcrrenaud.
In any single trade the largest liabilities among
the Carpenters and builders, the total being Sos563J2,
while the assets only S223, ,22i Among the prOmi-
net bankIupts eXicCister John McCJol. Alder
man Terence Farley, COckeriil AZ spauding james l..
Colvn and James Feuroton. Thirty y-nme failures
Cured the boot aud shoe trade, the liabilities beng
30 500 and assets SI02,lsO among the firms were
~ A. Ransom 4 Co., Whitney * Co., Powers tastOn
and Cammeyer ts Mason. Thlfty-nne manufacturers
also iaIl.d, owing debts OF S2,s29.lOi and having
assets valued at $2,GJJ,ol7 Tho groccls come
next, thrtyeight having failed with liabll-
/ tie, OF 81 OILS and assets OF $I3s $3.50.
Among the hatters there twenty nine failures,
with Liabilities Of II 600 aud assets Of 1911 6Ji,
me largest firms being, Jehal Read Co.. Joseph Mercy
! AZ Co, BALDWIN & Flag. aud Hunt DusenbuIy. In the
clntung trade there failures WIN llabIl
ites OF 500 $50 and a-es 1874 525. Nine merchant
! tHorr failed owing S70l22, and having assets of
sig 3o There were only six failures the cloth and
snolen goods trade, the total liabilities b.ng Si05 800
and assets Sjl3s27 In tho produce trade tbero were
twenty three failures 10 The amount Of ro206iO. and
asscts ~ $50 Oi2 and ~ provisions there were twenty
fout failures the Liabilities amounting to S5O5,j55 and
! assets Sli9Ssi. Among the firms Jewell, lIari
| son n Co., /. D. SMELL & Co, Gould ii.
| Thorn & Co and = W Lewis & Co. Twcnty-sx dealers
OF sIlS $50. In ihc dry ygoods trade there four
failures, the total uebs being S775Gi3 and assets
| s3i2 O2O Twenty failures were reported In the
Irwry trade, In which tue liabilities amounted To
! s73i,Sll and assets To sl7I.6ss Among the frns
wrrr Fellows Forester & Co., Joseph Eachman Bon,
| Hsmann Koch, and Post * sper. Eighteen butchers
faed, owing fGO6 s3S, with asre6 OF Sll7i3e Nine
teen furniture dealers failed, with debts bf S070610
and assets valued at s3ii.S7l. Twenty y-rne CHAR
dealers Jailed with liabilities amounting to S2023lO o.
| and assets SJ6.s0l. The tobacco trade had eight
failures, III which the liabilities were sAoo,22Os And