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Show WOULD TAKE MANY HEARSES Firms That Have Died Since Drop in Prices Would Make Large Funeral. Suppose a funeral passed your house with 3S.0OO hearses, each hearse containing an American business firm. It would be Impressive, wouldn't it? Ir would also give you an accurate idea of the number of business failures fail-ures since prices began to tumble in May, 1920, notwithstanding they haven't tumbled so very much for some things. But don't get gloomy over it. Standing on curbstones watching their brethren go to Dun & Ilradstreet's K-nietery, are nearly 2,01X1,000 business ! organizations Hint have weathered the 1 storm. In two years of severe de-I de-I pression only one business in every 1 fifty-three has failed. The percentage of farmers that have gone broke is larger. Business failures have totaled about $(100,000,000 a year in liabilities. Assets have averaged about enough to pay 50 per' cent on the dollar. The net loss has been about $300,000,000 a year, or about $3 a per for each American. Amer-ican. Might be much worse, remarks Capper's Weekly. |