UNITED S~ ~URE Bureau of Agricultural Economics ! y° rch 2C, 1^39 ptolea aracr. q the United States I -i l,7 nq in the 12 months k >'une 3C. 1933. according to an analysis "by the bureau Agricultural Economics based en roports received by the Attorney General. ytoies represented a 27 percent decrease fr. 2.U79 ptcie3 in the fiscal year 193^*"37. and compares witJft a peak *-f 7.872 in the fiscal year I92U-25. 16 number of farmer "bankruptcies decreased in 1938. compared with 1937 in t*ch of the major geographic regions of the countr.-. There were small increases, however, in a few States, including Connecticut, New Tork, Nebraska, West Virginia, South Carolina, Georgia, Training, Ari Vtah, and Nev;: >re was no change in Rhode Island, Indiana, ai Klc.0, All other States showed declines, the largest occurring in Alabama, with a drrp 37 to 38 in 1938. The East South-Central division, which in- Clu Vv. Tennessee, Mississippi, and Alabama, shewed tl c Test per- centage decrease of the nine major geographic regions. The total «f all bankruptcies (agricultural and industrial) in the .ted States decreased from 5U.959 in the fiscal year ended June 30, 1937 to U9.UUU ir. L2 months ended June 3C, 193S. Each class of bankrupts showed a decrease except that for manufacturers. Farmer bankruptcies as a percent tal bankrupt ciee decreased from U.5 percent in 1937 to J,.G rercent in tcies (including a small number in Hawaii, Puerto Rico, 1 Alaska) in 1937- 38 included Uo8 cases showing assets. These cases were dir- • - as fellows: . Assets 'lumber I 1 - $ 250 1C5 251 - 500 6U 1 - 1,500 12s 1,501 - 5,000 112 Over DOC ^° Total Ubg In the 12 months ended June JO, 1938 there were 2,70U cases concluded Section 75 of the Natl nal Bankruptcy Act, which pr vides extension of debts of farmers. There had been 2,671 cases concluded in the preceding 12-month period. the 2,70*1 cases ;ied in 1938, U9 were compositions, 103 "ere extensions successful elth- ., and 2,552 cases were concluded • - - exten- sion. The si ,1 was $1,136,123, on which $380,189 wa3 raid f extensions, successful, with r.« ] n, •eir.ess cf $752,957* June 30, 1°3? there were 5, cases pending under the provisions of Sec. 75, 7ith U, 335 a year earli<- 3ases | JO, 1938 included 2,756 amended petitions filed under the Trazier-Lemke Act. Ehli • -7 ares with 1 , 736 in 1^37* During the fiscal y • 7— 3S there were 6 f extensions under Sections 12 and Jk ef the Ba:. r - 2 - states ired w: ^cies years ending June 3?, 1937 and 1938) geogra; •al ies 1938 Bankruptcies amcr.g farmers 1938 Farmer tankrupt cies exi ■ I as } 1937 1938 ! EBOnt Massachur ie Island , jut . . - .... Jersey . . Mid • lantic 4 . iana . II. Mi Wir Missouri ... ■ • • ... •-'. isai r, • Delawnr- ■ We ... • - '- • ... *iee 6.U86 'er~ 56I 171 858 3.2?o 8,266 11. 7.33c 382 lo,2l -. 1,31d U2U 1.127 US 61 2U6 350 i52L 33 82 83« 350 66 I32l U51 82 l. L 188 5J4C HM. 8.C ."•38 6. 500 1.C39 373 973 36 ^5 312 .3,197 8 2.C71 775 ■ 131 -.. : 157 5lx&L 25 13 1 6 17 llU 1U6 55 221 U2 5~?"5" 58 173 12 25 25 61 ::rr; 8 25 12 -15. ;•;.• 126 1.1 U6 2 16 8 1 11 123 12 II 2C8 1C1 55 37 Ell 31 116 7 16 37 2 16 27 - er.t l6. 23. U -rf- 1.2 .9 8.8 2.C JL5_ U0.8 25 .c UA. 12J_ 2U.2 ■ 3-0 18.2 2.1 2.0 3 1 • •7 7 . : .9 1.6 . . U.i 1.5 U.8 . 31.1 6.2 . 35.6 . ■ 15.2 _2JL ■ l.l .- ■ - 3 - : os ir. rt cor- . . ion -- iscal . . 1937 1 38) ! ■ion- 7~tal ies 1937 1938 3rs 1937 1938 sod a ■ 1937 iaa : : bob : : Wes* al : bar 182 ^29 49 3 U9U 1>98 Mcr.- . Art ... lUl 90 &9 356 27 72 208 13 : 9x0 I : 1,119 Call! . : 3,9CU sific :_ 5,°33 UH! : : 5U.959 ber 133 280 512 U22 1.3U7 92 lUR 88 3^1 38 _2L 857 t'45 ,UC7 U9.UUU Hunt 1 r 2C U2 19 108 169 17 21 2 15 2 12 3 II 36 3^ 15U 2°U 2,U?9 Nunfl er lU 27 9 iUi 13 11 5 12 1 6 lU ±L 25 1C1 155. 1,799 •oat 11.0 12.8 3.9 21.9 12.6 12.1 23-3 U.l U.2 3-7 2.8 5.8 16.7 I U.C 3.0 Jul. JA U-5 eat 1C5 9.6 1.8 23. C . lU.i 7-6 5-7 3-5 2.6 Q.U 6.9 2CC HI 3-U 2.7 • 3.6 Number cf bankruptcies In the United States classified "by occupational groups, 1928-38 Year ended June 30 •?cs L pro- mos- factur er ^lasses I032 193 1 * - 53.UUU 56. • 355 63.279 66,723 58.333 • 319 5.679 ^,933 U.U6U U.C23 U.8U9 "17 U.716 k, ■ 3.6U2 2.- 1.7 22,912 26 , 856 367 31.161 .257 28. 3L576 ,,37.753 13.8CU 13. 13^79 13. 15 •■ 17.861 11.367 7.363 5.U68 II 2. 1,372 1, 1.333 1.336 1,466 1.575 1,765 1,288 1/2. '77 . : 62 3C2 ,197 12. 12. 11,281 ,063 I/7. 97C -«»ents 'at«». Data for cla»»e« nther than fa.ra«rs ar i.oie with previous years, including a • - Hawaii , Als - u - ."- Bankruptcy Act bed States, year ending June '38 State and ., . . , ; ■ : bucc liquidate without • extent 1 tal cases | concluded Numb er • 1935 -' • : 375 . • • • • • : 237 ...: 116 ■ 1^38 • U9 Number 527 352 ICC 103 Number 1 519 : 85 i 2.U55 ! 2.552 Number : 5.721 : 5.27U ! 2,671 : 2.7C& : o 7 • 8 : 1 1 3 : 7 : : 8 . . . : Massarhusett i . . . : 1 1 : U 2C 21 " 6 U ^3 11 : U U 3 Middle Atlantic .. .: 53 ^8 - • c 2 1 82 8C 6 23 8U 8C Illinc is : 5 25 ral : ,- 6 17 221 : 12 : 3S3 2C 82 fer 23 82U ■ • : : 1 ■ 18 : : : ! ; 18 • : 3 55 3 . . . : 1 • "ll" 165 • - 5 - r section 75 3f the Nn* Bankr ■38 — Cont. State and geographic 1 : ! ions, : sue ful, :no liquidation •posed without - posit extension 'al cases \ concluded rib or Number 1 5 : 1 u Number 3^ 36 22 19 ^er UC Ul 23 23 Ear ral : 11 11 o 127 11 5 120 15 289 28C 131 297 : 3 tec -ral : U 30 7CU 738 Montana 2 1 12 32 1 39 3 l 161 H 12 3U 2 a : c c ! 1 r 3 1 162 U U 253 258 1 : 5 : 13 : 15 21 113 : 17 27 136 19 15U 18C 1C3 : 2,552 : 2.7CU 1_/ Figures for eastern Oklahoma and western Tennessee not included. r cases under provisJ . tt, year ending June JC , 1°33 State i/ : B - er 10 . Section 12 ! -tim 7^ •-S : Extensions Number . • 2 : l/ Thtr- were no I ttas not li»t«d. UNIVERSITY OF FLORIDA 3 1262 08921 5262 ■ l