BANKRUPTCIES IN AMERICA.
HUGE SUMS INVOLVED. BY CABLE—PRESS ASSOCIATION • COPYRIGHT NEW YORK, Dec. 29. During the fiscal year ended June 30, 1927, there were 48,758 bankruptcies in the United Strides, involving liabilities amounting to 865,000,000 dollars. Creditors recovered only 74,394,000 dollars. , , Wage-earners constituted the largest group of bankrupts, numbering 18,000, merchants were second with 12,000, and farmers third -with 6000. The total liabilities in 1927 exceed those of .1917 by 500.000.000 dollars.
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Hawera Star, Volume XLVII, 31 December 1927, Page 5
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72BANKRUPTCIES IN AMERICA. Hawera Star, Volume XLVII, 31 December 1927, Page 5
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