Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1897-01-14
Dun'> Review OF Trade.

Of trade Tor the week ending JAN
uary Sth, gives some statistics which
will generally be read with interest.
IL says:
1.-THE year Of 1897 begins with one
clear advantage the past year has
swept out Of the way a great numb
of unsound concerns which in any
time Of activity would have been
dangerous to business. Ofthe ID, 2S6
commercial and banking failures in
1896, with liabilities Of S276, SIS, 749,
large share represented gripping
losses in previous years, or the vio-
lenCe of speculative storms in 1895
or the first half OF 1896, while thou
sands more resulted from the fury of
the political tornado last fall. Bank.
ing failures amounting to $50, ,9l5
during the year average S25G, 1876
each. and were las per cent. larger
than in 1895.
Commercial failures amounted to
S226, 096, S34, little over GOO, 900
having been added by the last day of
the year, but the average of liabili-
ties So, 800 was smaller than in some
years of great prosperity.
The failures of brokerage aud
other" commercial concerns aver
aged 1873 per cent. over 1899, while
manufacturing failures averaged
SIS, $50 each, and increased "a per
cent, and trading failures increased
Is per cent. and averaged only 50, COG
each. Over four-titths of the increase
in manufacting and trading failures
was in lumber manufacturing, 10
per cent; dry goods so; wooden
manufacturing l6l; clothing trade
20; shoe trade 81 leather and shoe
manufacturers l67; grocery trade 33 :;
machinery 20; milling III; furni-
ture 80, and printing % per cent. In
! ten other branches the increase was
moderate in amount, and in five,
with the unclassitied and manufact-
uring and trading failures, the liabili.
ties were smaller than in 1895.
While banking failures have not
ceased at the West, apprehensons
about them has almost wholly sub
sided, and no serious influence upon
general trade is now expected. Many
sound concerns were doubtless caught
by the epidemic. 1t is felt at the
West that all business will he the
sounder after its purging, and the re.
turn of money to New York has ex-
cecded shipments to the interior by
1000, 900 for the week"
No substantial Improvement in the
cotton, wool or iron trade is reported.
Confederate Memorial Meeting.
Col. Rob't White, of Wheeling. a
member of the Confederate Memo.
rial Association, gives notice of a
meeting to be held in Charleston on
Thursday, the 18th day OF February.
1897, to which all Confederate sol
diers, and all Others interested in the
consideration and furtherance of the
objects of the Association, are earn
estly invited. In his circular letter
Col. White says:
1.-The mmanding General de.
Sires that a Division of United Con-
tederate Veterans shall be formed
in the State Of West Virginia during
the present winter. An appeal is
made To the Confederate soldiers of
West Virginia To gather themselves
together and form in each county of
the State, as far as may be, CamD
of Confederate Veterans, so that a
full Division in this State may be or
ganiZed speedily. Any assistance
that | can render will he chcertulIv
given, and the Acknowledgement will
gladly do anything in his power to
bring about the desired result. His
address is: George Moorman, Adiu.
tant-General and Chief of Staff, No.
S24, Common street, New Orleans.
The next reunion Of United Con-
tederate Veterans will be held at
Nashville, Tenn, on the 9TH, 9th
and 9TH days of May next, during
the great Centennial Exhibition i'm
that city. 1t is hoped that the CAMPS
OF full Division in West Virginia
may be there represented"
MIR. Is RT AN made elaborate
speeches at Chicago on the 7th and
at Omaha on the Sth IN honor of
JackSon's day. AT Chicago, refer
ring To recent bank failures, among
other things Mr.. Bryan said: Zone
bank announced as the cause of its
failure, inability to realize upon
assets This notice was confes.
sion of the argument made during
the campaign by the advocates of
Tree coinage. We have all along in
sisted that the gold standard was de-
stroying the value of assets. With
money rising in value and property
falling in value, hard times must con-
tlnuc. That this is not due to local
causes Is evident from the fact that
the same complaint comes from
other nations"