342 



THE INDIA RUBBER WORLD 



[April 1. 1914. 



debit balances with Upriver aviados — paper profits only that did 

 not contain one cent of asset vakic. Old established houses coin- 

 menced to totter and then fall. One after another was forced 

 into liquidation, until the list had grown to many scores of 

 failures in Para alone, with the enormous sum of $20,000,000 

 involved. 



And even then it was dillicult for the improvident Brazilian 

 to think of economy. The habit of borrowing had become sec- 

 ond nature, and only the cessation of credit brought him at 

 last to his senses. 



Finally, .Xorthcrn Brazil thoroughly realizes that the day of 

 retrenchment has come. Heretofore a financial stringency has 

 been evaded by a call of distress for more ru1)bcr, and nuiro 

 rubber always saved the situation. 



If any other city in the world Iiad suffered from an avalanche 

 of failures and compositions such as has descended upon Para. 

 business would have stopped for years and everybody been in 

 mourning. In Para, however, there is but little gloom and the 

 calamity howlers are mostly on the outside. How extensively 

 the business houses have suffered is sliown in the following 

 statement obtained from one of the banks there. 



LIST OF I'.MLURES AND COMPOSITIONS IN r.\R.\ FROM 



JANU.^RY I, 1913 TO DECEMBER, 1913. 



FAILURES. 



Paulo Da Cunha I'crreira $17,00000 



Campos Guimaraes 115,000.00 



Figueredo & Silva 32U000 00 



Pereira, do Aniaral & Ca 46,000.00 



Antonio Jose dc Carvalho 71 .OOO.IK) 



Monteiro Goncalves 67,000.0!) 



J. !■' ranco & Ca 207X100.01) 



Cardoso, Pinho & Ca 162,000.00 



Cardoso & Pinho 72,000.0;) 



Nunes Sobrinho & Ca 44JO0O 0',) 



J. R. Da Silva 2l!oOO.OO 



Caesar de Moura, Serra & Ca 66,000.00 



A. Tasso 22,000.00 



Van Dick & Tocantins 200,000 00 



Martins Abreu & Ca 800,000.00 



B. Antunes & Ca 3,500,000.00 



Cordeira Neves & Ca 850.00 



Francisco Alves Ferreira & Ca 15 500 00 



Mello & Ca 3,000!00000 



Pereira, Bessa & Ca 4,700,000.00 



Julio Pereira & Oliveira 300.000.00 



.\. J. de Sousa Pereira 250,00000 



Martins & Alvoeira 250,000 00 



A. F. Dias 5,500.00 



Silva Cunha & Ca 188,00000 



Motta, Nogueira & Ca 48.500.00 



A. Meirelles S: Ca 774.500.00 



Bastos & Rocha 1 18.500.00 



Cristovan. Spinelli & Ca 10.00000 



Dias & Ca 127.500.00 



.Mcxandre Ferreira & Ca 45.000.00 



Total $15,564,850.00 



.\GREEMENTS WITH CREDITORS. 



Serra & Ca $136,000.00 



Apparicio Mattos 82,500.00 



Costa Pinho & Ca 89.000.00 



Gomes de Oliveira & Ca 72,0(X) (X) 



J. Vidinha & Ca 267,000.00 



Jose Furtado de Mendonqa 1,800,000.00 



Braga Sobrinho & Ca 728,000.00 



Jose Alvoeira Gomes .Araujo 45.000.00 



Cunha Cerqueira & Ca 162,000.00 



Leopold Wolf & Ca 206,000.00 



Silva Ribeiro & Ca 145.000.00 



Cerdeira & Bordallo 27.500.00 



A. Moraes & Ca 63,80000 



Mathias, Balin & Ca 22,500.00 



La Rocque, Frota & Ca 477,000.00 



J. Moreira & Ca 30,500.00 



Total $4,353,800.00 



Failures $15,564,850.00 



Compositions 4.353,800.00 



Grand total $19,918,650.00 



RESUME OF PRINCIPAL BANKS, BANKING HOUSES AND EX- 

 PORTING HOUSES INTERESTED IN THE FOREGOING 

 FAILURES AND COMPOSITIONS. IN PAR.\, 1913. 



London and Brazilian Bank, Limited $19,000.00 



Agcncia do Banco do Brazil 4,000.000.00 



Banco do Para 



Banco Commercial do Para. . 

 Banco de Credito Popular. . 



J. Marques 



Aloreira, Gomes & Co 



Zarges, Berringer & Co 



General Rubber Co. of Brazil. 

 Pires. Teixeira & Co 



212.000.00 



450.000.00 



3 10.000.00 



80.000.(X) 



225.000.00 



l.«0 ,030.00 



ID.OOO.OO 



20,000.00 



Total $5,416,000.00 



THE GO\'ERNMENT-S HEAVY EXACTIONS. 



W'liile the business houses are doing their part the .ijivcrn- 

 ment still exacts the <5ld-time heavy rubber tax. 



The official value or "Pauta" is fixed every week on the 

 average of the prices paid. Fine rul)ber, coarse rubber, and 

 cauciiii are subject to the following duties, viz.: 19jX per cent. 



Yoi'XG Hcz'ca ox T.mwjos Pl.^te.\u. 



cm the ofificial value, Z'/y per cent, of the product of the above 

 19J/2 per cent, towards keeping up the Santa Casa Hospital. j4 

 of 1 per cent, on the official value towards the erection of an 

 exchange building (which, by the way, was started and has 

 since been taken down), 1 per cent, on the official value payable 

 to the municipality. 



F'ine rubber in sheets, coarse washed, and caucho washed, 

 pay: 18 per cent, on the official value. 2'/> per cent, of the prod- 



