The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1907-07-13
SIX MONTHS FAILURES
Fewer In Number Than for Any Year
Since fs99-Flgures for Vermont.

New York, July b.-Commercial fall
ures In the United States, according
TO statistics compiled by II. q. Dunn
a Co, were 5,607 In number and S69,.
Sos, 662 IN amount OF defaulted indebt-
edness during the first half of 1901,
This isthe best statement AZ To mum
Der of bankruptcies for the correspon-
ding six months OF any year since 1899
but liabilities were slightly above the
average on account of few very large
failures In New York. In the first
half OF 1906 there were 56l2 failures
involving $62 ,644,O74.
Trading failures numbered APO with
defaults OF S26,744.7SG, against ass In
the same months last year when the
amount involved was S25, 505,97S. The
chief Increase occurred In the manu-
featuring class where 1895 failures
supplied liabilities OF 1864 $40.
against 1860 failures last year for only
$2i. 9S9,5 22. There were 1872 other
commercial failures not properly In
cluded IN the two principal divisions
with total liabilities OF $6,139.22S.
In the same month last year there
were 1873 for Sl5,i6S.57i. In addition
TO the commercial failures there were
% suspensions OF banks and similar n.
nancial concerns, involving S7.90i, OPS.
while I'm the first half OF 1906 there
were 2S failures In this class with liza.
bilities OF S5.5S5.332.
Considering the returns geographi.
cally the comparison with last years
failures shows Improvement In almost
every section except the three Middle
states. where the Increase In liabilities
was over 100 per cent. while In the i've
Central states the decrease In amount
OF defaulted indebtedness was so strik-
ing as 10 call for special mention. In
Illinois alone there was decrease OF
l2S In number OF failures and $1,000.
600 In amount OF liabilities and most
other Western states showed the same
general tendency. although In n less
marked manner.
In New England the decrease OF
over 100 In number OF failures and
about 81 000. 600 In amount OF liabilities
was provided by Massachusetts, alone
the moderate decrease In liabilities In
Maine and New Hampshire being on
set by small gains In Connecticut,
Rhode Island and Vermont. The i'm.
proyement In this section was fairly
well divided between the two quarters.
both three-month periods comparing
very fayorably with the returns last
year. Although each OF the three Mid
die states reported larger liabilities
than n year ago. the Increase OF over
$4,000. 900 In the Empire state made
other changes appear Insignificant
New York also reported an increase
Of l22 In number OF failures. while
Pennsylvania made n gain almost as
heavy. but New Jersey showed a
small decrease Of twelve In number.
although liabilities we're about 800
OO0 larger Compared by quarters the
Increase over last years figures In the
Middle states was less than 90 per
cent for the FIRST three months. but al
most geo per cent for the second quar-,
ter
Carrying this analysis n little fur
Their II Is found that the numerical
change was about the same In all
branches Of business. but practically
all the increase In liabilities was re-
ported IN manufacturing occupations.
The South reported i25 more fail
urea than last year. but n small de
crease IN amount Of defaulted indebt
edness. The change In number occur
red chiefly IN Tennessee. Alabama
North Carolina and Kentucky. while
the decrease Ia amount OF liabilities
was wholly due to the much better re-
port By Maryland other favorable
statements In this section as 10 amount
Of liabilities were made By Delaware
Virginia. West Virginia. Alabama and
Tennessee. but there were noteworthy
Increases In North Carolina. Georgia
Louisiana and the District az Columbia
this section made n particularly graf
flying comparison az 10 banking liabll
tiles. which were S765.000 less than
In the FIRST half Of 1906.
AZ the Southwest there was little
change In amount OF liabilities. al
though each OF the three states show
I'd some Improvement. and failures
were also fewer In every case. exccpI
Missouri where the Increase IN number
vas only 10. Texas made the besI
showing as 10 number Of failures Their,
being IS less than last year. or the ex
act difference Tor the whole section
while the largest decrease In liabilities
vas $4,000 In Arkansas.
While the total for the Ave Contra
states has already been mentioned n
the most gratifying exhibit In compar
lson with the figures OF 1906. the de
crease IN liabilities occurred IN HIN
ois and Ohio. az Indiana and Michigan
both showed Increase In number ant
amount and eleven fewer failures II
Wisconsin supplied $4,000 more ia
bilities Going further West Il q
found that the statement IN generalll
favorable. liabilities decreasing mater
Tally IN Minnesota. Iowa, Kansas. Col
orado. and the Dakotas. IN no cas-,
was there any important Increase owe
last years figures. although there wcr'
several states with liabilities abou
$4,000 larger than last year. As Z,
number. this section showed n Dc
crease Of seventy. almost wholly In th,
second quarter.
The Improvement In this respect wa
well distributed. Oklahoma supple,
the largest decrease. from sixty-aeyel
Go thirtyaeyen. In this Western div
ision there was considerable incrcas,
in the liabilities OF banking failures nj
though the number Of suspensions Il
this class was trifilng On the Pacln,
coast there was an Increase Of abou
N.OO0.OOO In amount Of liabilities bu
this has little significance because o
the fact that the returns for San Fran
cisco we're most incomplete last year
aud many Of the current failures ar
undoubtedly doe 10 the catastrophe q
1906 10 that the expansion OF about 10
per cent In amount Of liabilities IL NJ
indication Of the real situation IN 1870
as compared with the correspondent
six months last year. Otherwise th
states In this section showed It'll
l nLInnn nlIhnr La uIIInLnr or nrlnIlrI 4.