Democratic Sentinel, Volume 1, Number 23, Rensselaer, Jasper County, 20 July 1877 — Failures During the Last Six Months—The Business Outlook. [ARTICLE]

Failures During the Last Six Months— The Business Outlook.

The commercial agency of R. G. Dun & Co. are just issuing their last quarterly report of the business outlook. It shows the total failures in the United States and Canada for the past six months were 5,399, being a slight increase oyer the number of failures during a corresponding period a year ago, which, it will be remembered, was exceptionally large. There is a perceptible decline, however, in the average amount of liabilities. The circular says: “It is evident that the business of the country has improved, but only very slowly. Neither as to the extent nor as to profitableness are there many signs ©f improvement. Indications of the recovery or stability of values are uncertain, and in many cases the tendency is still decidedly downward. All the conditions appear to favor better times, yet there seems some fatal barrier to their return. What the true remedy is has not yet been discovered. That no particular line of Government policy is chargeable with this condition is evident from the fact that other nations, with gold basis, low tariff, and not chargeable with public nor private extravagance, are suffering to even a greater extent than we are, while they have not compensating advantages, and the prospects of this nation are most encouraging. There are many encouraging features in the outlook, the best of which is the excellent crop prospects throughout the country.”