, 1881-01-15

Dun, Wiman g. Co.'s Com
merc1al Report for the
Year 1880.
Gratlfying Comparison with tho
Business Wrcckngo OK Pro.
yious Years.
The Failures Of 1880 Numbered
4,735, with Liabilities Of
$eb,75o,ooo.
In 1873 There Were 1o,478 Fail
urcs, with Liabilities Of
$234,383,ooo.
A Warming, However, In the Start
ling Failures OF November
and December.
An Exhaustive Statement Re.
garding Cotton Made by
Bradstreet.
The Acreage Much Larger, but the
Yield Smaller than In
1879.
1egal Formalit1es Attending the Consolt-
dation Of Enormous Telcgraphio
Interests.
4 Steady Tone Keeping Stocks at Their
Present High Prioes-Ths
!, Figures.
The Acreage Much Larger, but the
Yield Smaller than In
1879.
1egal FormalltIes Attending the Consolt-
datiou Of Enormous Telcgraphic
Interests.
4 Steady Tone Keeping stooka at Their
Present High Prioas-Ths
{, Figures.
FAILURES.
STATISTICAL COMPARISONS.


spfetai DHpateh to Tbs Chicago Trfaun3.
/ New York, jan. LITTLE number and ,la-
ture Of tile failures Ut tho past yenr show,
moro than almost anything else, the great
prosperity which has come upon tho business
Men Of this country. Dun. Wimall &c Co., In
hor aununl report, give u comparative table
BY Which 1t appears TINT sillco 1875 tho Ill.,
blttles Ut merchants falling have constantly
decreased, except In 1873, md tflnt since tho
crisis III 1878 the decrease III liabilities 1las
been such as to warrant the prediction that
tho country llas entered upon a course Of
prosperity such rs It lias
NEVER ENJOYED IEFoRE THIS.
The tables presented in tic report aro In
terasting. In 1875 there were 7,Ti0 failures,
representing gross IinbilIty Of s20l use, ,CO0.
In 1875 the number OF failures hntl in-
creased to O,01, but thu Liabilities
were only slgl, ,l17.ooo. III 1877 tho
failures numbered s.8E3.. with liabilities OF
SlM.GoQ, GOO. III 1875 the failures amounted to
10,4N, with liabilities to tho extent of S:ss4,-
&S10o0. LII 1879 good times begun, and tho
record shows only G,o5S failures, the total
liabilities being only SO3, lac, zoo; while iu
the failures were reduced to 4,735 and
9e1labilties to S95, 752, ,o00. This shows that
III the country at largo
the uEEIEls blSTEM oF ECONUMY
which Is beginning to prevail augurs fur
aier decline In tbs number OF failures for the
ensuing year. The decline sInce 1870
lug oil In liabilities Ia about
100000. While lilo comparison OF lust
year with the preceding one IL extremely
favorable, showing an improvement equal to
u per celat in the number OF failures, aud n
Ea9lng ln'losses by bad debts III the SAME
proportion, tho comparison Ut 1880 with 1873
u still lnure remarkable. III 1878 tho failures
numbered 1o,475, wl1lu In 1850 they nu1u-
bered only 4,725, eq,tivulent to ncarly 20 per
cent. But III tho amount Of liabilities
TIE CHANGE FOR TILL: NErTEN
G even greater, for In 1878 the indebtedness
oi tt1oso who failed was S2s34, coz, ,0oo, against
N, 100 ,00O tn 1880.
ln tho United Statcs 640 823 persons are In
business, and Ut tllIs number 4, 7S5 have failed
During the last guar, representing liabilities
amounting to $U5. .752, 900. OF IN ayorugo OF
SlS,8ao per man. III the Eastern
States one firm out OF 118 has failed.
III the Middle States one out Of
every 1Bl; in tho Southern States. one out OF
every lS1; In tho Western States, one out Of
every sesa5; and In tho Pacific Statos, one
out Of every r. In the Dominion OF
\ahada 67,1o0 firms ate represented,
md @7 failed In 1880.-the percentage
eeltlX orc III every sIxty-three. III the
United States III 1876 every sfxty-n!nth man
succumbed; iii 1877, ayery seventy-thlrtl lnnn;
\ u ls7s, every slxty-fourth man; In 1871,
every 10sth man; willie in 188olt was only
gae man in ovary 1b8 men who laid down his
load,
THE GEOGRAPHICAL DISTRIBUTION
ha failures is set uown ~ follows: In tho
Lastetu States iii 1870 there were
r. ,s' failures. liabilities. S5,4so,l17; Middle
aates, l,A13 failures, liabilities, $s. .o5s, CO.,
ooutldrn States, 85 failures, liabilities. S8,-
esA4i3i; - Western States, LII failures, lab!l-
aes, Sli ,5iO,4lo; l'acllio States and Terri
ot!es, GA failures, liabilities. S5,005, no. The
,epoft for tho Western States In detail Is as