Rensselaer Semi-Weekly Republican, Volume 22, Number 31, Rensselaer, Jasper County, 4 January 1901 — FAILURES OF A YEAR. [ARTICLE]

FAILURES OF A YEAR.

MANY DISASTERS TO TRADE DURING 1900. Natural Reaction from Prosperity of 1899 Is Felt—Business Now FirmSenator Pettigrew’s Son Hurt in a Kansas City Theater Lobby. R. G. Dun & Co.’s weekly reveiw of trade says: “While it is not yet possible to print accurate figures of failures during the full year 1900, detailed returns for all but the last few days or the year have been compiled, and adding a proportionate amount for the time still to elapse, it appears that comrnbrcial failures will number about 10,630, with liabilities of $137,000,000. Of this number 2,300 were in manufacturing, for $49,750,000; 7,800 in trading, for $60,000,000, and 530 brokers, traiynrtera^_£t£u_ properly belonging in wther of-the other classes, for $27,250,(KX). Besides these strictly commercial defaults there were sixty financial concerns with liabilities of $34,000,000, swelling the total to 10,090 in number and $170,000,000 in amount. This shows a large increase over the preceding year, when JUII failures, numbered 0,393 and Ifabilitiesjwere $123,132,679. It must not be forgotten, however, that 1899 was a year of exceptional prosperity in business, and while trade was then stimulated by rising succeeding year had to bear the bitteirrfruit of reaction. Despite these disasters, made unavoidable by the very conditions that brought such a phenomenal rfijeord for 1899, it still will be found that;l9oo compares favorably with other recent years* So general preparation had been made by Eastern business interests for a squeeze in money near the end of the year that the expected advance did not occur. Wool lost the temporary increase in activity, sales aggregating only 4,576,700 pounds, a decrease of 2,661,300,c0mpared with the preceding week. Stocks at the close of the year are excessive,Wthough dealers are encouraged by the ftoyvledge that manufacturers’ supplies are light.” SENATOR’S SON IS AfeAULTED. Young Pettigrew Seriously Hurt by an Usher in a Kansas City Shea ter. Frank Pettigrew, son of States .Senator Pettigrew-of South Dakota, was assaulted and seriously injured by an usher in a Kansas City theater. Young Pettigrew, who recently retiwned from South Africa, where he served in the Boer army, is in the employJof the United States government survey and is on his way to join a surveyinjgcorps in Arizona., He lighted a cigaray in the lobby of the theater and therebjWecame involved in a controversy with the usher as to the rule forbidding smoking. His right cheek bone was broken.

FILIPINOS FLAX AND TORTURE, Captain H. W. Newton Writes Folks from Luzon of Native Cruelty. In a lettei written from the Philip pines to his folks in West Superior, Wis., in November, Captain Harry W. Newton says that the encroachments of the natives were worse they had been at any time during the year previous. As one instance of their ferocity he writes: "Just the other day they jumped a detachment of our Twenty-fourth, numbering twenty-two men, and captured sixteen of them. One was found terribly mutilated, showing signs of being skinned while yet alive.” j Dreyfus Would Reopen Case. Dreyfus has written to the premier, M. Waldeck-Rousseau, classing as another falsehood the recent statement of M. Henri Rochefort in the Intransigents that he (Dreyfus) had sent to Emperor William of Germany, in 1894. a letter stolen from the German embassy at Paris, and asking fur another official inquiry. Threatened Strike Averted. The threatened strike of the employes of the Wilkesbarre and Wyoming Yhlley Electric Railway in Pennsylvania will not takp place. The "company and the men, after several conferences, have succeeded in effecting an amicable arrange ment, in which eaCß* side made concessions. 4— To Utilize Convict Labor. Warden Hayes of the Kings County, New York penitentiary has a road-build-ing plan, which be would like to put into effect between New York City and Buffalo, making a highway 150 feet wide a nd-420 miles long. He thinks the work could be done by the convicts in the penal institutions of the Stale. Theological School Is Burned. Hamma Divinity Hall, on the Witten berg College grounds at Springfield, Ohio, burned to the ground. It was occupied by the theological Mminary. The loss on the building will be about $20,000, cover ed by insurance. Botha Strikes a Blow. Gen. Botha’s forces have dealt the British another serious blow in the eastern Transvaal. An entire garrison has just been completely routeil at Helvetia, with the low of 50 killed and wounded and 250 taken prisoners. f*. J. De France Is Paroled. Stonewall J. De France, a noted forger, who was wnWto the State’s prison at Jackson, Michwfrom Kalamazoo County in 1804 for eleß-n years for defrauding a Kalamazoo bu& of several thousand dollars, has been Bxruled by Gov. Pingree. k Dea As ■ Geniui. AwiJliani jmlnke, the inventor and Bhaeer bjlwiieatk man of Chicago as n Kuet/fn the xwll-known linn of Adamdied at hi.* home, 1 S[.<n.-.-r N. Y- During his lifetaken out about .';<*! indhid ’ ’;J . Then Kills Him-a-ls. tin Pa. HiIgt .twy , . 1 ' : i - ; ' - Ek • J < h r Ehable.