Rensselaer Republican, Volume 17, Number 18, Rensselaer, Jasper County, 8 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 1864. Hie compilation of statistics shows the number of failures that "have occurred throughout the United States and the Dominion of Canada during the past year, together with the amount of liabilities. From the circular the following excerpts ore made, which will be found of interest in business circles: FAILURES FOB 1884. States, and Number In Fall- Am’tof Territories. business, urea, liabilities. Maine ; 13,408 231 $876,267 New Hampshire 7,955 96 672,072 Vermont ,» 6,642 48 683,707 Massachusetts I .„ 390 4,010,791 Boston city. ..f* 3 * 338 305 6,332,329 Rhode Island 6,330 136 8,285,269 Connecticut 14,718 169 1,464,396 Total Eastern States.. 92,381 1,376 $17,223,831 New York 86,320 700 10,949,894 New York City and Brooklyn... 44,860 718 77,876,721 New Jersey x 26,172 119 1,319,339 Pennsylvania , 76,730 653 12,340,133 Philadelphia eitv..,..? 23,154 225 6,892,032 1 Delaware 3,930 2T 658,900 Maryland *15,647 112 2,028,189 District of Columbia... 3,280 82 896,852 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 Car01ina......... 9,714 170 1,441,621 South Carolina 6,487 102 877,065 Georgia... . 12,180 288 3,412,571 Florida 3,465 44 .. 670,634 Alabama 8,388 68 1,453,811 Mississippi 9,043 155 3,001,254 Louisiana. 10,085 184 6,408,916 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 0hi0.... t (uau 652 9,710,039 Cincinnati city j 04,01,1 112 2,986,882 Indiana 35,835 112 6,776,113 Illinois 1 804 5,714,951 ChioMrocity j 01,(BU 329 6,946,986 Michigan 32,481 303 8,786,041 Wisconsin.... !>.. 26,497 170 6,262,470 lowa .’ 29,396 412 2,436,653 Minnesota 18,164 220 4,610,101 Missonn I 00 „ 191 997,041 St. Louis city j 4u,sr, “ 86 5,849,456 Kansas 16,837 9 7 608,854 Nebraska..; 10,344 220 1,400,396 Total Western 5tate5.336,910 5.569 $54,872,983 Indian Territory. 351 Oregon 2,642 220 1,457,600 California I 353 2,411,400 San Francisco city... j J1 ’ 830 210 3,755,500 Colorado 6,911 139 2,259,385 Nevada 1,320 23 196,800 Utah 2,418 36 201,921 New Mexico 1,458 26 189,808 Wyoming 697 & 72,500 Idaho 1,531 8 74,000 Dakota 9.370 117 729,642 Montana 2,294 30 353,640 Washington. 2,694 143 841,200 Arizona 923 25 628,700 Alaska 36 Total Pacific States and Territories 54,481 1,341 $ 13,071,996 Grand total 904,759 .10,968 226,343,427 Dominion of Canada... 65,994 1,327 19,191,306 An instructive comparison is given as between 1884 and 1883, and 1878, in the following table, which giveß a condensed showing of the geographical distribution of the commercial casualties of these years: DISTRIBUTION AND PERCENTAGE. Number Number states. in of business, failures. 1884Eastern ‘tates... 92,381 1,375 Middle States 278,093 2,592 Southern States 142,894 2,291 Western States.... 336,910 3,869 PaciticStates and Territories 61,481 1,341 Total for the United States 904,759 10,968 Dominion of Canada 65,994 1,327 1878Eastern Stateß 79,765 1,734 Middle States 229,385 - 3,199 Southern States 96,297 1,415 Western States 240,933 3,436 PaclficStates and Territories 28,361 694 " Total for the United States 674,741 10,478 Dominion of Canada 66,347 1,697 1883Eastern States.. 90,381 1,197 Middle States 262,021 2,136 Southern States 135,169 1,844 Western States 322,877 2.961 PaclficStates and Territories 53,605 - 1,048 Total for the United States 863,993 9,184 Dominion of Canada 65,462 1,384 Amount Aver’ge states. of lialiabilities, blUtles. 1884Eastern States $17,223,831 $12,526 Middle States 112,856,060 43,540 Southern States. 28.318,557 12,861 Western States. 54,872,083 16,212 PaclficStates 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 1878Eastern states $35,294,026 $20,354 Middle States..... 96,293,466 29,788 Southern States. 96,322,961 18,602 Western States. 64,309,503 18,716 PaclficStates and Territories 13,463,176 18,967 Total for the United States $234,383,133 $22,369 . Dominion of Canada $23,908,677 $14,088 1883Eastern States $37,861,897 $31,631 Middle States 67,108,534 26,736 Southern States 19,785,607 10.730 Western States 46,878,403 15,832 PaclficStates and Territories 11,239,731 10,745 Total for the United States $172,874,172 $18,828 Dominion of Canada $15,949,361 $11,52* 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 FOB 28 YEARS. Amount of Year. Failures. liabilities. 1857 4,932 $291,750,000 .J 858.. ~.i 4,225 95,949,000 1859 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 17,625,600 1866 1,505 53,783,000 1867 2,780 96,666,000 1888.. 2,608 64,694,000 1869 2,799 75,054,054 1870. 8,546 88,242,000 1871 2.915 85,262,000 1872 4,069 121,056,000 1873 5,183 228,499,900 1874 5,830 165,239,000 1875 , 7,740 201,000,000 1870. 9,092 191,117,000 1877.. MW *90,669,936 1878 10,478 234,38^132 1879 6.658 98,149,053 1880 4,735 65,75^,000 1881 * 6,582 81,156.932 1882.. 6,738 101,547,564 1883.. 9,184 172,874,172 1884 .... 10,968 226,343,427 Thebe may be hard times in Massachusetts, but we observe that the deposits in the savings banks of the State were increased during 1884 byaround $10,000,000, mostly in small sums from the working 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 statement that he is about to write a book.