The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1901-05-04
SATURDAY. MAY 4. 1901.

: R. G. Dun g. Co. S financial re
view says: Commercial failures III
April we're 1872 in number and $o,-
ST., 222 in amount. In the previous
month insolvencies reached 80, 1885,
464 and year ago were 80, 76l, 500.
The marvelous!y healthy cond ton
Of business is best appreciated
when 1t is discovered that the de
faults last month were the smallest
in 81 months, with th. exception OF
May to August 1899, inclusive. In
m anufacturing lines there were but
l63 failures, with total indie bted-
ness of 81, 997, 79+. against LIS last
year fer "a, 514, O03. As 1899 report
ed the smallest liabilities OF any
full year IN two decades, last
months good showing is made
manifest by defaultsin man ufactur-
ing concerns S777. Cos smaller than
two years ago. Trading failures
were SIS for SO, 16S. S2S and banking
defaults were $50. 900. The death
rate was only three 6ftieths of |
per cent Of all firms in business and
losses averaged ". 10. snot serious
embarrassment to general trade.
The proportion of unpaid bills was
less than 40 cents tor each $1,000 OF
solvent payments through clearing
houses.
Stability of prices and vigorous
prosecution OF work at mills indl-
cate the wholesale condition OF the
iron a nd steel market. Dizziness ls
reported in the textiles. A further
reduction to ?. So cents for standard
print clothes did not accelerate
operations. as buyers appear conf
dent that goods will soon be avail.
able at 2a cents. This unsatisfac-
tory condition OF the manufactures
pts not helpful to raw cotton, nor is
there support in better prospects
Tor the next crop, aud portrecelpts
ar IN excess OF last year $ move
ment.
There is no improvement in wool
ms, Further advances were Sc
cured in the cereal market. Corn
was forced to the highest price IN
years, SIS cents bushel. The price
sf wheat has also gone up.
The city OF Wilmington should be
run from the revenue derived from
The present city tax rate. Real es.
tate is bearing all the burden it
ian; rents in great many cases
are entirely too high, but even then
real estate is not made attractive 10
investors because of the annoy nce
and the high tax rate. After the
owner receives his rents and pays
the necessary expenses for repairs,
insurance and taxes, there is little
lett OF the rent money for the inves-
tor. The talk is now, right on The
eve oil an election, that the tax rate
will have TO be raised, SO the voters
can, 1t they wish, change the pollt-
ical complexion Of city council and
elect men who will keep down the
tax rate. There must be some
other means devised to procure reve-
nue. for the city and the sooner it
is done, the better Ior all conceI ned.
The property owners are the ones
who should feel the greatest inter-
est in the selection OF men who will
represent the different wards in
the next City Council and vote for
the best men put up, irrespective OF
their political Affiliations. The best
men only should be elected and men
who have the best in interests of the
city at heart should sit IN It's City
Council. The city is growing lar
ger every year and it is necessary
that more money be raised to meet
the Increased expenses, but it is
unnecessary to pie dl! the burden
on real estate. Remember that the
election Is Iune 1th and if YOU have
The good OF the city at heart, you
can he p make tins change by vot-
ing Tor the best candidates.