| Show of foliates fal lare nod ad bail dees wreck for the rest year yar NEW yon jo jae M tho annual annal circular ol of pun PUD barlows cod mer Onn illis agency hobt shows that be ba number of failures in ia the united for the year 1877 were g being kea ites tha tb an for 1670 1876 abil the total liabilities for 1877 wore 00 as against in 1876 lut fur the ibo three quarters qu artera with wilh september laba tho the number dumber of lilore fallore had bad beset tied by with ado a do cline clide in ia liabilities fit ua 89 compared with a period I 1 10 1870 1976 but the of tho latt quarter have bavo been do BO numerous nod and important that tho the ratio of improvement lor for tho the first six mx months has bi rot DOI been the ws says it ill 18 a pregnant preg fact of the general gi deml clodi cioll that the failures urca ot of the year approach eo am deaf borly ly aloa ol of the year which were deemed very vary aci civo tod that the aro really above the average argo ot at the abo four foar years cia place the abo panic of 1873 the do beem to 10 improve liedo fl obit W with ili tho h 6 same rapidity that ac ibay did b to 1110 pinio panic ot of 1857 or lor for in 10 lua ilia four our years tuc buo belding dates tho the camber if cf lilbron li loron and abo of steadily ilia ibo average rp idly while ibid ibo year since BIDO the iho foo of IM bugely increased the ever BT croge age la in tk the emalera blatsa the pere elit 1 ago go or lii lares wed moo IQ in every bit fifty tight eight in tle ibo middle states in ili e etory T 0 1 y abrio io in the aau thero I 1 S 1 les ORO ODO la in evry nehl five lit in the aluli e ouo buo lu ju every cilot lour four and buu to in the pacific antes and territories one in livery every tomij boril orti it I 1 aci iott there to in cir circuns culs tion io ia proportion to those engaged la in io in wean the iho tailors pro cum Dura croo crone tle dat irith lo 10 tho the belief that it is not from the need of moony thit that the ho country is auffort auf buffer forg wittily the ibo past sixty days fat fail dro have occurred more numerous and nd more mora important than ever before in BO an equal period allusion is tunde to the low grade of meros atilo morality mori lity the agency which from its iti extensive business ro lations lali lat ODB iono tny may bo be a good authority on the ibo quee question tion save liok lack ol of honesty is ia nowhere moro more plainly seen been than IID io in the ho failures that occur with the deliberate of making money by at c as ail much moch lose leaa than face as ma can bo be ta no the o ads that flow from roin BO of ibis big policy anro fraught with wilh consequences most do of 0 sound trade or falaro safety ID 10 every community where abero no an operation of ibis kind is i successful the ibo bo horesi liebi thrifty idd anti capable Eu is placed at a tremendous ila iio may well veil despair ol of success 10 30 a competition with those whose laca lok lack of capitol or wont went of c h 0 ansty los bill enabled them bom to I 1 get their assets ht at a fraction of their vine value toj and who cin can offord florl to lo all others rot not so 60 orla fortu note with regard to lo llo requite ol of the year bad and the ibe general goami condition 0 of bus image the agency says that tho the expectations that wore formed of the tha probable pro biblo volume and of the ho trado trade or the ho country have only beoo been partially fulfilled hytt i in n many res acts substantial progress po towards to recovery cry laa has boom made A year of great production to io agrical to I 1 SI as the be list last b bag been cannot bo be without tho the most beneficial |
