Democratic Sentinel, Volume 8, Number 50, Rensselaer, Jasper County, 9 January 1885 — A YEAR’S FAILURES. [ARTICLE]

A YEAR’S FAILURES.

Tables Showing the Number and Location of Business Troubles of a Twelvemonth. The mercantile agency of R. G. Dun & Co. has issued its annual circular of failures for the year 1884. The compilation of statistics shows the number of failures that have occurred throughout the United States and the Dominion of Canada during thepast year, together with the amount of liabilities, from the circular the following excerpts are made, which wdl be found of interest in business circles: FAILURES FOR 1884. States and Number in Fail- Ain’t of Territories. businese. urea, liabilities. Maine 13,408 231 $875,267 New Hampshire 7.955 96 572,072. Vermont 6,642 48 683,707 , Massachusettsl 390 4,010,791 Boston city.J . 395 6,332,329 Rhode 151 and....... 6,330 136 3,285,269 Connecticut 14,718 169 1,464,396Total Eastern States.. 92,381 1,375 $17,223,831 New York 85,320 706 10,949,894. New York City and Brooklyn 44,860 718 77,875,721 New Jersey2s,l72 119 1,319,339 Pennsylvania 76,730 653 12,340,133 Philadelphia city 23,154 225 6,892,032: Delaware 3,930 27 553,900 Maryland 15,647 112 2,028,189District of Columbia... 3,280 32 896,852

Total Middle States. .278,093 2,592 $112,856,050 Virginia. 14,085 193 2,415,254 West Virginia 7,996 66 605,560 North Carolina 9,714 170 1,441,621 South Carolina 6,487 102 877,065 Georgia 12,180 238 3,412,571 Florida 3,455 44 670,534 Alabama 8,388 68 1,453,311 Mississippi. 9,048 155 3,001,254 Louisiana 10,085 184 5,408,916 Texas 18,774 493 4,365.375. Arkansas 7,092 121 1,149,164 Kentucky. 21,324 219 2,063,265 Tennessee 14,321 238 1,654,861 Total Southern States.. 142,894 2,291 $28,318,557 Ohiol A . ... 552 9,710,039 Cincinnati cityf ’ 112 2,985,882. Indiana 35,835 112 5,775,113. Illinoistl .. 7an 304 5,714,951 Chicago city.f oi,w 329 6,946,986. Michigan 32,481 303 3,786,041 Wisconsin 26,497 170 4,252,470lowa 29,396 412 2,435,653Minnesota 18,164 220 4,510,101 Missouril in non 101 997,041 St. Louis city) *0,j22 6,349,456 Kansas 16,837 97 508,854 Nebraska. 10,344 220 1,400,396 Total Western 5tate5.336,910 8,369 $54,872,983 Indian Territory 351 Oregon 2,642 220 1,457,500Californial 353 2,411,400 San Francisco city ... j 2l ’ s,K> 910 3,755,500Colorado 6,911 139 2,259.385 Nevada 1,320 23 196,800Utah 2,418 36 201,921 New Mexico 1,458 25 189,808 Wyoming 697 2 72,500 Idaho’. 1,531 8 74,000 Dakota 9.370 117 729,642 Montana• 2(294 30 ”353,640 Washington 2,694 143 841,20 ft Arizona 923 25 528,700Alaska 36 /

Total Pacific States ... . and Territories..’... 54,481 1,341 $ 15,071,-996 Grand t0ta1.... ? 904,759 10,968 - Dominion of Canada... 65,994 1,327 19,191,306.; " An instructive comparison is given as be-. tween 1884 and 1883, and 1878, in the following table, which gives a condensed showing of the geographical distribution of the commercial casualties of these years: DISTRIBUTION AND

Number Number STATES. , in • of business, failures. 1884— • ' Easte-n ' tates 92,381 1,375Middle States 278,093 2,592. ■ Southern States 142,894 , 2,291 Western States 336,910 3,369- ‘ Pacificstates and Territories 51,481 " 1,341 Total for the United States 904,759 10,968 Dominion of Canada 65,994 1,327 1878— Eastern States..... 79,765 1,734 Middle States 229,385 8,199 Southern bta-es 96,297 1,415 Western States.... 240,933 3,436 Pacificstates and Territories 28,361 694 Total for the United States 674,741 10,478Dominion of Canada 56,347 1,697 I*B3 Eastern States 90,381 1,197' Middle States'. 262,021 2,136, Southern States 135,159 1,844 Western States 322,877 2,961 Pacificstates and Territories 53,605 1,046 ■ Total for the United States 863,993 9,184 Dominion of Canada 65,452 1,384

Amount Aver’gestates. of lialiabilities. bilities. 1884— Eastern States $17,223,831 $12,526 Middle States-. 112,856,060 43,540 Southern States 28,318,557 12,361 Western States 54,872,083 1 6,212 Pacific States and Territories 13,071,996 9,748 Total for the United States $226,343,427 $20,632 Dominion of Canada $19,191,306 $14,462 1878— Eastern States $35,294,026 $20,354 Middle States 95,293,466 29,788 Southern States, 26,322,961 18,602 Western States« 64,309,503 18,716 Pacific States and Territories 13,463,176 18,967 Total for the United States $234,383,132 $22,369 Dominion of Canada $23,908,677 $14,088 1883— Eastern States $37,861,897 $31,631 Middle States 57,108,534 26,736 Southern States 19,785,607 10,736 Western States 46,878,403 15,832 Pacific States and Territories 11,239,731 10,745 Total for the United States $172,874,172 $18,823 Dominion of Caaada.;,l $15,949,361 $11,524

The record of failures extending over twenty-eight years is grouped together in the statistics from 1857 to 1884, inclusive. They are interesting in that they convey an idea of the relative losses by bad debts in the various years. They are as follows: FAILURES FOR 28 YEARS. „ Amount of Year. Failures. liabilities. 1857 4,932 $291,750,000 1858 4,225 95,949,000 1869 3,913 64,394,000 1860 3,676 79,807,000 1861 6,993 207,210,000 1862 1,652 23,049,000 1863 495 7,899,900 1864 520 8,579,000 1865 530 17,625,000 1866 1,505 53,783,0*0 1867 2,780 96,666,000 1868 2,608 64,694,000 1869 2,799 75,054,054 1870.... 3,546 88,242,000 1871 2,915 85,252,000 1872 4,069 121,056,000 1873 5,183 228,499,900 1874 5,830 155,239,000 1875 7,740 201,000,000 1876 9,092 191,117.000 1877 8,872 190,669,936187810,478 234,383,132 1879 6,658 98,149,0531880 4,735 65,752,000 1881 5,582 81,155.982 1882 6,738 101,647,564 1883 9,184 172,874,172 188410,968 226,343,427

There may be hard times in Massachusetts, but we observe that the deposits in the savings banks of the State were increased during 1884 by a round $10,000,000, mostly in small sums from the wortring masses. • ■ An Indiana couple waited until the ages of 70 and 64 before making up their minds to wed; but, having come to that conclusion, they were so impatient that they rode thirty miles in a snowstorm to get to a clergyman. Benjamin F. Butler denies the statepent that he is about to write a book.