, 1881-07-06
THE CHICAGO TRIBUNE: WEDNESDAY, s-TWELyE PAGES


l1e''lrnt IA tnaflr Under n ,rr cent Il very xun1
Tits Is 'csD!tu the fhct tint na,y companies s,,
not cnspnr ayciIss Or t'ay commissions, md uis,
shat atlM0 af t1lun trnnsnct n rre ur ,,tarfup
Msis1css: but tho cxpcscs OF these brAncilcs nru
separated fr'm tho cost Of tho liru department
III making III ttleso rnt!as. Tho Ijttllctin thinks
,ctp IL lEltiu Erol,ntlfor brag on tue pArt OF tho
!rlitt lilo l,ut,NgGrH, that llIo1r economy Ia OK.
srnorslinnry enmrnrcd with that or American
companies. fscshcs tho olllcra Ia this country
i,rn only twenty 10 forty yuars Old, whtto thusu
~ ENGLAND nro from MY 70 sovcnty.lv and
''sl4lt tn make hotter exhibit Ut euot,oliy. }..
J,rMfst,tesa last nnrteriy report shows TINT
tho ',,alnacr hf failures ~ quite likely to 10
largo aild oxtelitltt even IN pnrOis nf ausiyo
an1 healthy trls1u. III fact failures npueur To
l'o tho natural outcome Of ovents Tho number
"f failures In tho United States In the sccu1,d
niar.cr Of lsdl wns l,:a'o REPRESENTING assets
Of 7.Eis.Jf3 and liabilities NJ si5,4l,e For
the farst tluart1r tho number was 1,0Al, nssrta
'stt,Esk7O and liabilities sat,sB7;;;ao. Tho ra,..
tnR OF Is choIly In tho South, wllcro tl,oro l,s
hrrt vnst Improvement In business III tho cot-
ton districts.
In tho Wcst tho number, Of failures waa TIT,
with nclt,nl Nsabts or SlG1J0jl, and liabilities Ut
S,&',Ntl III Sew EnRlatd tile .lliini,cr WIS
FL, with ncti.al dsscts or hi,JI,.1G,, unA lnt-
tlos Ut s2.Ol1,0th lit tho Alidlu tntta the MIN.
l'er wa. ~. With liabilities Of s1,rO,l0 and u.s.
soss s..,0ia,1S.
Tho ffur principal c1ties give tothl nlltntcr
~ IN tRiltlros the nottinl nsects 0T which nR-
EreEato $@@,""io and the liabilities $5,tt, 6.,.
Tho failures IN Cann,ta wero It's, with assets OF
S''t ioj nntl liabilities Sizes, lD7.
Tho iotnl tls1u,ber Of failures II, tho United
States IN tho tIsst slS luont1is ut 1871 wus 1,0,
tho reai assnts bc.ng slpS55,lo and tho labi-
ties $:3.5iB,!sI.
f}ntd'rstL's aays. Il Is 0Illclatly nnnpuncntl
itAt the f,oard ut N1anngers OF tho liunlttng
RMllrnaA Cofnpauy und the Receivers have
nuFcctl upon PUN by which tho iultlug tlobt
Is to l'o provided for by tho isstto Of Il
ten million dollar loAn Mt 4 per cent, nnd tho
sanction of tho unltc,1 Stntes Circuit Court
10 this proposal viii at oncu 10 asked. IF
Issued, tho certificates will con,p nfter tho prcs-
cht fut,tleta lubt IN the order OF lxea charges,
At tho present time tho Company Is pnying
nearly per cent OH lts toHtitig indebtedness,
anu Is calculated that ty tho proposed sctct.t
saving or s.an,0U per year will hp effected,
whllc the Company will rcgnln possession Of tho
eontcras dcposltctl for tho tlnAting tlcht, which
comprises !ilc0tH1 IL, Igenrr1ll- mortgage ,Gs,
and securities oC owned and branch ronus.
% %n,no'intlnx \, tbs aggregate to moro thin tho
The following IL tab!c Of dividends and Inter
ust llynhln this month III Hartford, Conn. 81,
inr ns sntull. Tile totn Jim, ! wis 81 i,lUJaii..
F1r July, thu corresponding period, il Ii $t.0ih.
Hunks have Increased ttur dividends To nur
cent lrnn pnr cent, unl tho CnnncctErt,t Trust
y slte Depos!t Company pnys its tlrsl dividend
Blle0 S0rEHltlGr, lBt. - ''''-' t.1''7'77i7