Democratic Sentinel, Volume 2, Number 9, Rensselaer, Jasper County, 12 April 1878 — Failures in New York. [ARTICLE]

Failures in New York.

The record of failures reported in this city during the past month shows a decided increase, both in the number of mercantile misfortunes and also in the aggregate amount of liabilities, as compared with the preceding month. In all there were eighty-five failures reported during March, against sixty-seven in February, being an increase of eighteen for the month. The total amount of liabilities on account of the March failures, including that of the Six-Penny Savings Bank, foot up to about $7,000,000, in round numbers, with assets valued at about $3,000,000. The total liabilities in February were about $4,000,000, making the increase in last month’s indebtedness to be about $3,000,000. — New York Daily Bulletin.