The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-22
totals .......s 4 Isl ss.S16 So, 167. 9s4.47 Z

THE LOSS SD, 6S0, S14, 600.
1t will be seen that the loss of c~learances
in the Democratic year was s13, Csc. S14. Goo
over thirteen and one-half billions. 1t will
help to explain the baleful significance of
his table to state that it represents the
distribution of over $500 less money
throughout the United States for every in
dividual man, woman and baby, native
born, naturalized and alien. in the entire
country. 1t means that considerably more
than i loo, co., 0G less was circulated through
business channels i'm this Republic every
month Of the first year OF Democratic rule
than was circulated during the correspond
ing month in the preceding year of Repub-
liean rule. 1t represents a loss, of itself,
of several times more than S1,CJO,OW a day,
for a billion is a thousand millions, and
States handled a thousand million dollars
worth less Of goods every month or SO
ginning April l.. 1893, than they did during
the wear hayinring April l 1900
Comparative figures for the three months
OF April, May and June, in 1872, 1888 and
1894. will also be interesting. because they
show that the clearanceS so Tar In 1884
have been even smaller than they were in
1ss3-in other words. that we are living in
clearances for April, 1892, were $5,0S3, II ,7S4;
for the same month. 1899, they were 81
926, 292, $50, while for the same month this
year they were but $685., S45, 42S. The clear
ances for May. 1892. were s5,O29, se4. 325; for
May, 1898, 5,259, S29, 352; for May, 1894, 49,
$780, 500, 561. For June, 1882. they were A,9S1,-
$3,516,3 15, 1893. The total for the three months
of 1892 was $751; 44, $780, 37; for the three
months of 1893. s14. 715. l6O. 500: for the three
the aggregate shrinkage of business for
these three months in 1898 below the same
period of 1892 was less than a billion dol
lars the business done during the same
period of 1894 was almost four billions less
than in 1892.
THE AWFUL FAILURE LIST.
Figures taken from Bradstreet's concern
ing failures will doubtless be found quite
as interesting and significant as those
given Of the bank clearances. These fig
ures are from the reports of four years
1890, 1891, 1892 and 1893, the first three years
of the Mckinley law. In 1890 there were
1868 failures, the total liabilities being
SIZE, O32, S36; in 1891 there were 1894 failures,
with liabilities of 1898. LIS. 600: in 1892 there
were II, 272 failures, with liabilities of sizes =
595.24S. 1t will be seen that the tendency
in amount of liabilities was SO far down
WaSd, ~ 1917: noweVer' me hrst year OF
dent that Congress and the chief executive
he'd decided that the Mckinley law must
ties of 1882, 153, O76-more than $500, 00O, 900
more than was lost by failures in 1882. or
day. These figures seem almost incredi-
BILE, but they are true and cannot be wlped
out. Bradstreet's analysis OF them is in
teresting. but cannot be given in full.
1t brings out these facts: 1.-THE proper
t.o3 Of those failing in 1893. reporter IN
good credit, was fully q per cent. more
than four times that in preceding years.
1t further appears that those who failed
in 1898. while reckoned in very good credit
or higher. numbered more than three
times as many as in 1892. Again, failures
due TO disaster precipitated by stringency,
financial crisis and panic, numbered. i'm
1893. 3,463, the liabilities in this class being
$173.542. C0O-almost one-half of the total liza
bilities for the year, and more than six
times the corresponding total in 1892"
OTHER INTERESTING LOSSES.
The decrease in value Of live stock alone
in the United States in 1893 below that of
1892 was almost a million dollars a day.
Only one class Of stock, mich cows, in
creased in value, the detailed figures being,
according to the Department of Agricul-
ture, as follows: