Show THE OF BUSINESS THE bradstreet Brade treet company has baa just fust issued a little brochure dealing with business fail failures pres in the united states and canada it might properly be entitled the philosophy of commerce from the manner in which statistics are handled the total number of failures in the united states and canada in 1891 was nearly 16 per cent more than in 1890 but not quite 7 per cent more than in 1889 wt on en compared with the number of individuals firms or corporations rated as to credit or capital or both the failures are only I 1 per cent of the total number engaged in business and rated as in trade directories what la in most striking iu in relation to this police espionage as it may be called over trade la Is the fact that per cent bf the failures were reported as doubtful by trade agencies so nearly perfect has this system be come that merchants by taking proper precautions may be almost absolutely guarded against losses statistics of credit rating and bust busi ness failures are gathered from square miles of territory in the united states and canada by more than correspondents A wholesale orm firm in chicago if applied to for credit by a business man either from provo utah or from toronto canada has only to telephone to bradstreet or dun and ascertain the financial stand ing of the prospective buyer of these failures the greatest number nearly are attributed to lack of capital the next to incompetence pe tence then come disaster specula tion inexperience unwise credits extravagance trava gance fraud failure of others other and sand so on the perfection of the system is shown by the fact that per cent of these failures was shadowed foreshadowed fore in january 1891 being then rated as doubtful |