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FAILURES IM 1837 AND 1857.-A list of the failures in Boston during the year 1837, before us, contains the namae of one hundred forty-two business houses. During the financial crisis at that time, six large manufacturing corporations, having their head quarters in Boston, suspended. seven Banks failed in the city, together with the Nahant Bank, Lynn, Chelsea Bank, Chelsea, and the Middlesex Bank, East Cambridge. The list of bankrupts twenty years ago includes the names of numbers who have since retrieved their fortunes and now occupy honorable and commanding positions in society. In many cases, however, the parties have never fully recovered their former standing in financial and social circles. The long array of names suggests many painful thoughts, as it reveals how extensive and severe were the financial difficulties of the period, and how many homes were made desolate by its terrible train of disasters. A list of failures in Boston the present year contains the names of seventy. eight concerns, and includes a wider range of busines than is generally supposed, we should infer, from the tone of remark in many quarters. Grocers, Booksellers, Boot and Shoe Dealers, Hardware Dealers, Importers of Canton Goods, Produce Dealers, Dry Goods Houses, etc., are represented on the suspended list. An examination reveals that a very large per cent, of the various departments of the Dry Goods Trade have gone through the hard times this year without failure. Persons not aware of the immense extent of this trade, and the vast interests connected with it, have doubtless oftentimes been inconsiderate in their comments upon the class of our fellow citizens engaged therein. Let us give a few figures. Since the beginning of the present feverish state of the money market-commencing with the failure of the Ohio Life and Trust Company-ten Dry Goods and Woolen Jobbers, out of one hundred and two houses of the class in Boston, have suspended. Of the thirty-seven Dry Goods Commission Houses in this city, eight have suspended. Of the eighteen Wholesale Clothiers in Boston, four have failed. Several of the firms alluded to in the above statements have already compromised with their creditors, and settled their affairs at from sixty to eighty per cent, We have heard the opinion expressed in high quarters, that the failed dry goods dealers of Boston this year will pay seventy. five cents upon the average. This is a much larger per centage, we should judge, than will be paid in other branches of business this year.-BosNow ton Transcript. with
