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Full text of "Extra census bulletin"

*HA20l . 1^90. A2*i 



cM> :...;. 



•-E 



Apr. 1892 
jq. 1394 




Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



http://www.archive.org/details/extracensusbulle29unit 



Extra Census Bulletin. 



No. 29, WASHINGTON, D. C. December 10, 1892. 

STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

MORTGAGES IN MASSACHUSETTS. 






DEPARTMENT OF THE INTERIOR, 

Census Office, 

"Washington, D. C, December 2, 1892. 
Sir: 

No bulletin of mortgage statistics has been issued by the Census Office for any northern state east of Illinois 
previous to this one for Massachusetts, and it affords interesting comparisons with those for western and southern 
states. During the 10 years, 1880-1889, 250,222 real estate mortgages were made in this state, representing an 
incurred indebtedness of $508,455,550. The debt remaining in force January 1, 1890, is $323,277,668, secured by 
178,202 mortgages, and of this debt $42,441,247 incumbers 920,313 acres and $280,836,421 incumbers 132,683 lots. 

The mortgage movement of the 10 years, which has been an increasing one without interruption, began with 
an incurred debt of $28,176,133 in 1880 and ended with $75,526,544 in 1889, an increase of 168.05 per cent, while 
the population increased 25.57 per cent during the same time. During the decade a real estate mortgage debt 
of $193,635,825 was incurred in Suffolk county, containing Boston, and the existing debt in that county is 
$123,734,937. In 8 of the 14 counties the existing debt is more than $10,000,000 each. 

In the ratio between the debt and the estimated true value of all taxed real estate Massachusetts compares 
with 7 other states as follows : 

PEE CENT. 

Alabama 10.96 

Illinois 14.06 

Iowa 17.61 

Kansas 28.13 

Massachusetts 19.42 

Missouri 16.15 

Nebraska 24.58 

Tennessee 8.67 

In per capita indebtedness Massachusetts is exceeded among these states only by Kansas, but the statistics of 
farm and home proprietorship for these 2 states indicate a larger proportion of land owners in Kansas than in 
Massachusetts, and a larger real estate mortgage debt per capita of land owners in Massachusetts than in Kansas 
is probable. The debt per capita of population is as follows : 

Alabama $26 

Illinois 100 

Iowa 104 

Kansas 170 

Massachusetts 144 

Missouri 80 

Nebraska 126 

Tennessee 23 

C. O. P.— 3,500 



FARMS, HOMES, AND MORTGAGES. 



The mortgages in Massachusetts, on the average, are larger than in the other states, except on acres in 
Illinois. The following numbers show the average amount of debt per existing mortgage on acres and on lots : 



$1,064 
1,281 



Kansas 

Massachusetts.. 

Missouri 

Nebraska 

Term 



1,270 

880 

1,077 



Mortgages endure for a longer period of time in Massachusetts, on the average, than in the other states, as 
these figures show : 

YEARS. 

Alabama 2.734 

Illinois 4.015 

Iowa 4.924 

Kansas 3 . 384 

Massachusetts 6.240 

Missouri 3.055 

Nebraska 3.241 

Tennessee 2.813 

In regard to the objects of mortgage debt, the results in Massachusetts are similar to those obtained in other 
states. In Franklin and Hampden counties, in which special inquiry on this subject was made, it was discovered 
that 81.74 and 88.20 per cent, respectively, of the original amount of the existing debt was incurred because of 
real estate purchase and improvements, when these objects were not associated with others. 

Very respectfully, 

ROBERT P. PORTER, 

Superintendent of Census. 
The Secretary of the Interior. 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

MORTGAGES IN MASSACHUSETTS. 



BY GEORGE K. HOLMES AND JOHN S. LOKD. 



THE REAL ESTATE MORTGAGES OF 10 YEARS. 

Massachusetts is the first northern state east of Illinois whose real estate mortgage statistics have been tabulated 
and selections from the results are herein contained. Comparisons with other states will be especially interesting 
when it is borne in mind that this state has a denser population than any other state in the union, except Rhode 
Island ; that it is one of the wealthier and older states and prominent for trade and manufactures. 

Table 1 shows that during the decade ending December 31, 1889, the real estate mortgages made in this state, 
and mentioning the amount of debt secured, numbered 250,222 and represented an incurred debt of $508,455,550. 
The amount of this debt incurred in 1880 was $28,176,133 and there was an increase from year to year until a debt 
of $75,526,544 was incurred in 1889. In this progressive mortgage movement Massachusetts is classed with Illinois 
and Iowa. The 658 mortgages made in this state in the course of 10 years, not stating the amount of debt secured 
by them, are not included in any totals but their own, except in the number of acres and lots shown in Table 1, and 
except when otherwise mentioned. 

The increase from year to year in the number of mortgages made corresponds closely to the increase in the 
amount of debt. In 1880 15,915 mortgages stating amount of debt were made, and 34,338 in 1889. The number 
of mortgages made in 1889 gained 115.76 per cent upon those made in 1880, the amount of debt incurred 168.05 per 
cent. During the 10 years preceding June 1, 1890, the population of the state increased 25.57 per cent. 

In Suffolk county, containing Boston, a mortgage debt of $193,635,825 was incurred during the decade and 
in. each of 10 of the 14 counties a mortgage debt of more than $10,000,000 was incurred — in Middlesex county, 
$89,601,687; in Worcester county, $50,212,368 ; in Essex county, $44,003,927 ; in Hampden county, $31,927,894 ; in 
Bristol county, $26,674,053 ; in Norfolk county, $23,455,152. 

Mortgages on acres. — A debt of $63,917,645 was placed on acre tracts during the 10 years, or 12.57 per cent 
of the total for acre tracts and lots, and this amount was represented by 45,236 mortgages, or 18.08 per cent of the 
total number. In the annual movement of mortgages on acres there were fluctuations, but on the whole, the 
incurred acre debt increased from $3,961,613 in 18S0 to $9,361,038 in 1889. The acre mortgages numbered 3,583 in 
1880 and rose to 5,459 in 1889. The increase in the amount of debt on acres incurred in 1889 was 136.29 per cent 
over the amount of 1880 ; in number of mortgages on acres, 52.36 per cent. In such a state as Massachusetts it 
must not be inferred that all acre tracts of land have agricultural uses nor especially that they have agricultural 
values. Considerable wood and pasture land is included in this description and in the neighborhood of the cities 
and larger towns the acre values may be somewhat speculative. It has frequently happened that land measured in 
acres has been mortgaged and soon afterwards cut up into building lots, and the same is more or less true of all of 
the states. 

Mortgages on lots. — Of the total amount of real estate mortgage debt incurred during the 10 years 
$444,537,905, or 87.43 per cent, incumbered lots. The amount incurred in 1880 was $24,214,520, in 1889 it was 
$66,165,506, and there was an uninterrupted increase from year to year during the decade. In 1880 12,332 lot 
mortgages were made, in 1889 the number was 28,879. The gain in number of mortgages in 1889 over those of 1880 
was 134.18 per cent, in amount of incurred debt 173.25 per cent. 

Number of acres and lots covered. — During the 10 years 1,276,052 acres were incumbered by 45,435 
mortgages stating and not stating amount of debt. In 1880 the number of acres incumbered was 105,339 ; in 1889 
the number was 145.176. Increase of 1889 over 1880 37.82 per cent. Lots to the number of 190,248 were 
incumbered during the decade by 205,445 mortgages stating and not stating amount of debt; 13,096 in 1880; 
26,156 in 1889. Increase of 1889 over 1880 99.73 per cent. 

Averages. — The average amount of each mortgage on acres made in the state during the decade was $1,413 ; 
on lots, $2,169. Each mortgage on acres covered 28 acres on the average ; each mortgage on lots covered 0.93 of one 
lot. Second mortgages reduce the last average below 1. A debt of $50.31 was placed on each mortgaged acre 
on the average ; of $2,342 on each mortgaged lot. Mortgages not stating amount of debt are included in these 
averages per acre and per lot. 



4 FAKMS, HOMES, AND MOETGAGBS. 

EXISTING INDEBTEDNESS. 

Table 2 shows that the existing real estate mortgage debt of Massachusetts is 1323,277,668, of which $42,441,247, 
or 13.13 per cent, is on acres, and $280,836,421, or 86.87 per cent, is on lots. Of the 178,202 mortgages in force, 
33,385, or IS. 73 per cent, are on acres, and 144,817, or 81.27 per cent, are on lots. Mortgages in force cover 920,313 
acres and 132,683 lots. Mortgages have an average life of 6.240 years; on acres, 6.883 years ; on lots, 6.145 years. 
Partial payments are 13.04 per cent of the face of the existing mortgages on acres; 11.26 per cent on lots; total, 
11.50 per cent. 

An existing mortgage debt of more than $10,000,000 incumbers the real estate of each of 8 of the 14 counties ; 
Suffolk county leads with a mortgage debt of $123,734,937 ; Middlesex county has a mortgage debt of $57,6S7,225 ; 
Worcester county, $31,711,989; Essex county, $26,795,573; Hampden county, $19,547,915; Bristol county, 
$17,086,162 ; Norfolk county, $16,360,802 ; Berkshire county, $10,244,960. 

Some derived results that have been obtained follow : 

Percentage of estimated true value of all taxed real estate represented by the debt in force 19.42 

Percentage of the total number of taxed acres represented by the number of mortgaged acres 20.49 

Average amount of debt in force per assessed acre $9.45 

Average amount of debt in force per mortgaged acre $46.12 

Average rate of interest on the existing debt 5.41 

Average rate of interest on the existing debt on acres 5 . 64 

Average rate of interest on the existing debt on lots 5.38 

Average number of acres covered by each mortgage in force against acres 28 

Average amount of debt to each mortgage in force $1,814 

Average amount of debt to each mortgage in force against acres $1 ,271 

Average amount of debt to each mortgage in force against lots $1,939 

Per capita existing debt $144 

BATES OF INTEBEST AND CLASSIFICATION OF AMOUNTS OF LOANS. 

It is shown in Table 3 that 6 per cent was the principal rate of interest in this state during the 10-year period, 
the amount of debt incurred at the rate being 45.68 per cent of the total. The amount of debt incurred at 5 per 
cent interest was 32.17 per cent of the total ; under 5 per cent, 11.70 per cent of the total ; under 6 per cent, 48.66 
per cent of the total ; 5 to 6 per cent, inclusive, 82.64 per cent of the total ; over 6 per cent, 5.66 per cent of the 
total ; over 8 per cent, 0.39 of 1 per cent of the total ; over 10 per cent, 0.15 of 1 per cent of the total. During the 
entire 10 year period Massachusetts was practically without a usury law. The legislature has limited the rate of 
interest as follows in the years named: 1641, 8 per cent; 1693, 6 per cent; 1867, no limit; 1870, bonds issued by 
corporations, 7 per cent; 1888, 18 per cent on loans of less than $1,000. The debt of over half a billion dollars 
incurred in this state during the 10 year period bore 90 different rates of interest, and, besides this, $954,093 was 
not subject to any interest. The highest rate discovered was 144 per cent. 

The number of mortgages are classified according to their amounts in Table 4. During the 10 years 26.52 per 
cent of the number of mortgages were made for amounts less than $500, 22.18 per cent for amounts of $500 and 
under $1,000, 43.65 per cent for amounts of $1,000 and under $5,000, and 7.65 per cent for amounts of $5,000 
and over. 

SPECIAL INVESTIGATIONS. 

In Franklin and Hampden counties special investigations were conducted, the character of which has been 
explained at length in Extra Census Bulletin No. 3. 

Objects of indebtedness. — The reasons why real estate mortgage indebtedness was incurred were ascertained 
in these counties, and they may be found in detail in Table 5. In summarizing these details it is found that 55.68 
per cent of the original amount of the existing debt, that is, without deducting partial payments, was incurred in 
Franklin county to secure part of the purchase price of real estate, uncombined with other objects, and 55.97 per 
cent in Hampden county. 

To secure purchase money and to make real estate improvements, when not associated with other objects, were 
the reasons why 81.74 per cent of the original amount of the existing debt was incurred in Franklin county, and 
88.20 per cent in Hampden county. The percentage for real estate purchase and improvements, business and the 
purchase of various articles of personal property, when not associated with other objects, is 92.48 in Franklin 
county and 96.09 in Hampden county. The percentage for farm and family expenses, standing alone, is 3.16 in 
Franklin county and 0.97 of 1 per cent in Hampden county. 

Franklin county. — This county has an existing debt of $3,144,678, and 3,454 mortgages in force. The 
population being 38,610, the per capita indebtedness is $81, and there are 11 persons, on the average, to a mortgage 
in force. Mortgages cover 115,172 acres, and these are 28.63 per cent of the taxed acres; 794 lots are mortgaged. 
The average incumbrance on each mortgaged acre is $20.98; on each mortgaged lot, $917. There are 44 acres, on 



MOKTGAGES IF MASSACHUSETTS. 5 

the average, incumbered by each mortgage on acres, and 0.96 of one lot by each mortgage on lots. Franklin county 
is mentioned to the Census Office as the least prosperous of the Massachusetts counties. In manufactures it is one 
of the less important counties of the state and its agriculture is supposed to have suffered for various reasons. 
The population increased 7.25 per cent during the decade, the increase for the state being 25.57 per cent. 

Hampden county. — The 9,166 mortgages in force represent an existing debt of $19,547,915, or $144, on the 
average, to each of the 135,713 persons in the county, and 1 mortgage to 15 persons. The 80,740 acres covered by 
mortgage are 23.13 per cent of the taxed acres ; there are 6,920 mortgaged lots. Each mortgage on acres incumbers 
51 acres on the average, and each mortgage on lots incumbers 0.91 of one lot. The average debt to each incumbered 
acre is $20.67, to each incumbered lot, $2,584. Hampden county, separated from Franklin by a few miles, is 
regarded as one of the more thriving and progressive counties of the state. It is the most important paper 
manufacturing region in the world and its other industries are varied and have been developed to a high degree of 
excellence. Its population increased 30.32 per cent during the decade. 



Table 1.— STATE SUMMARY OF NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES PLACED ON RECORD AND 

NUMBER OF ACRES AND LOTS COVERED, BY YEARS. 
[These mortgages do not represent the total debt in force, because many have been paid.] 



iiokti;ai;k stating amount of dekt. 



Number. Amount. 



250,222 



15,915 
19,049 
20,874 
22,465 
24,633 
25,560 
27,342 
29,427 
30,619 
34,338 



28,176,133 
37,761,073 
43,148,483 
44,872,397 
46,591,232 
50,443,481 
56,653,163 
60,678,128 
64,604,916 
75,526,544 



Number. Amount. 



3,583 
3,720 
4,068 
4,100 
4,466 
4,790 
4,890 
5,081 
5,079 
5,459 



,917, cr, 



3,961,613 
4,579,807 
5,888,101 
5,788,926 
5,265,704 
6,969,758 
6,350,770 
7,460,732 
8,291,196 
9,361,038 



Number. Amount. 



20I.9S6 



12,332 
15,329 
16,806 
18,365 
20,167 
20,770 
22,452 
24,346 
25,540 
28,879 



24,214,1 
33,181,1 
37,260,1 
39,083,' 
41,325, i 
43,473,' 
50,302,, 
53,217,: 
56,313, 
66,165,: 



NUMBER OF . 



MORTGAGED. 



105,339 
112,477 
120,231 
119,720 
132,608 
131,570 
134,637 
138,721 
135,573 
145,176 



905,425 



82,844 
85,988 
91,088 
91,408 
95,895 
91,688 
95,501 
90,197 
87,434 
93,382 



370,627 



22,495 
26,489 
29,143 
28,312 
36,713 
39,882 
39,136 
48,524 
48,139 
51,794 



Number 
of lots 
mort- 



190,248 



13,096 
14,521 
15,480 
16,595 
17,974 
20,899 
20,409 
21,798 
23,320 
26,156 



NUMBER OF MORT- 
GAGES NOT STATING 
AMOUNT OF DEBT. 



Table 1. 



-NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES PLACED ON RECORD AND NUMBER OF ACRES AND 
LOTS COVERED, BY COUNTIES AND YEARS. 





MORTGAGES STATING AMOUNT OP DEBT. 








Number 
of lots 
mortr 
gaged. 




R OF MORT- 


COUNTIES AND 
YEARS. 


Total. 


On acres. 


On lots. 




AMOUNT OF DEBT. 




Number. 


Amount. 


Number. 


Amount. 


Number. 


Amount. 


Total. 


Stated. 


Esti- 
mated. 


Total. 


On 

acres. 


On 
lots. 




2,344 


81,555,418 


1,174 


$856,713 


1,170 


$698,705 


11,417 


9,942 


1,475 


1,392 


23 


11 










182 
192 
193 
220 
231 
268 
228 
243 
276 
311 

9,645 


88,306 
114,781 
138,321 
144,615 
168,374 
198,591 
158,933 
130,806 
213,094 
199,597 

16,135,494 


95 
101 
105 
118 
136 
147 
119 
105 
118 
130 

3,311 


48,122 
68,651 
79,981 
77,299 
104,030 


87 
91 
88 
102 
95 


40,184 
46,130 
58,340 
67,316 
64,344 
70,390 
67,684 
69,940 
106,285 
108,092 

10,545,900 


1 092 


i nnn 


92 
92 
122 

112 


91 
98 
95 
104 
108 
146 
109 
146 
267 
228 

5,676 


1 

2 
2 
2 


1 

2 
1 






'973 ^'881 
988 ' 866 
781 " 669 






















5 

1 
4 
2 

4 

26 


2 






91,249 109 
60,866 138 


794 
1,042 
1,538 
1,246 

214,888 


611 

981 
1,274 
1,093 

134,145 


183 
61 
264 
153 

80,743 






1 
1 
3 

13 










91,505 
5,589,594 


181 
6,334 














627 

770 

876 

862 

1,054 

997 

965 

1,151 

1,089 

1,254 


988,817 
1,162,862 
1,285,774 
1,266,744 
1,538,670 
1,438,656 
1,421,978 


312 
346 
343 
294 
362 
353 
265 


360,003 


315 


628,814 
734,039 


20,693 
21,923 
21,471 


13,688 
13,638 
13,713 


7,005 
8,285 
7,758 
6,402 


281 
392 
473 
511 
595 
551 
667 
736 
640 
830 










3 

5 
2 
5 
3 
1 
3 


1 
3 












409,902 568 856,842 
445,299 692 1,093,371 
416,354 614 1,022,302 
369,111 700 1,052,867 








4 






22,177 il 13,214 ! 8,963 
17,192 | 10,940 | 6,252 
21,965 13,680 ! 8,285 
21,214 12,703 | 8,511 
22,826 I] 13,562 | 9,264 






I 










3,423,210 328 j 1,539)486 761 1,883',724 
1,599,294 384 1 454,405 870 ' 1,144,889 




1889 









FARMS, HOMES, AND MORTGAGES. 

Table 1.— NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES PLACED ON RECORD, ETC.— Continued. 







MORTGAGES STATING AMOUNT OF 


DEBT. 




NUMBER OF 


ACRES MORTGAGED. 


Number 
of lots 
mort- 
gaged. 


NUMBER OF M( 
GAGES NOT STA 
AMOUNT OF D 


>RT- 


COUNTIES AND 
YEARS. 


Total. 


On 


acres. 


On lots. 


£BT- 




Number. 


Amount. 


Number. 


Amount. 


Number. 


Amount. 


Total. 


Stated. 


Esti- 
mated. 


Total. 


On 

acres. 


On 
lots. 




18,390 


$26,674,053 


1,753 


$1,526,740 


16,637 


825,147,313 


36,173 


28,272 


7,901 


16,768 


22 


4 


18 








1,148 
1,326 
1,488 
1,547 
2,209 
2,151 
1,913 
2,121 
a, 162 
2,325 

436 


1,724,350 
1,814,699 
2,533,085 
2,176,979 
2,963,777 
3,031,870 
2,826,584 
3,024,153 
3,142,973 
3,435,583 

451,893 


120 
127 
172 
156 
213 
129 
169 
200 
231 
236 

69 


90,853 
140,742 
142,214 
151,431 
156,399 

98.983 
133,128 
143,867 
222,576 
246,517 

82,267 


1,028 
1,199 
1,316 
1,391 
1.996 
2,022 
1,744 
1,921 
1,931 
2,089 

367 


1,633,497 
1,673,957 
2,390.871 
2,025,548 
2,807,378 
2,932,887 
2,693,456 
2,880,286 
2,920,397 
3,189,036 

369,626 


2,554 
3,219 
3,674 
2,811 
4,173 
2,198 
3,998 
3,807 
4,390 
5,349 

3,628 


2,007 
2,600 
3,008 
2,311 
3,554 
1,627 
3,641 
2,760 
2,819 
3,945 

3,030 


547 

619 

666 

500 

619 

571 

357 

1,047 

1,571 

1,404 

598 


1,296 
1,174 
1,305 
1,381 
1,973 
2,170 
1,705 
1,854 
1,868 
2,042 

563 


2 
2 
2 
1 
2 
2 
2 
2 
4 
3 

6 


1 
1 
1 


1 


1881 


1 








1 


1 
































4 










30 
23 
35 
36 
39 
54 
43 
47 
73 
56 

31,210 


37,679 
16,807 
17,660 
81,146 
30,590 
50,884 
36,808 
50,646 
68,319 
61,354 

44,003,927 


7 
1 
12 
2 

6 

5 
8 
16 

10 

4,454 


3,999 

5,000 
3,592 
20,500 
2,350 
4,750 
4,740 
4,155 
20,185 
12,996 

5,722,373 


23 

22 
23 
34 
37 
48 
38 
39 
57 
46 

26,756 


33,680 
11,807 
14,068 
60,646 
28,240 
46,134 
32,068 
40.491 
48,134 
48,358 

38,281,554 


109 
250 
1,557 
55 
141 
202 
350 
230 
359 
375 

59,886 


109 
250 
1,358 
5 
141 
152 
350 
180 
160 
325 

46,562 




44 
45 
43 
62 
46 
59 
47 
52 
92 
73 

24,902 












1 

4 








199 

50 


i 


















50 


















50 
199 
50 

13,324 


















1 

60 








11 










2,201 

2,481 
2,679 
3,048 
3,124 
3,301 
3,409 
3,476 
3,456 
4,035 

5,958 


3,006,235 
3,271,656 
3,891,387 
4,678,408 
4,118,323 
4,439.610 
4,912,894 
4,092,333 
4,834,749 
6^158,332 

5,685,877 


336 
363 

408 
428 
427 
481 
492 
513 
485 
521 

4,162 


337,907 
436,611 
473,823 
457.493 
596,613 
627,113 
711,840 
565,406 
535,867 
979,670 

3,896,709 


1,865 

• 2,118 
2,271 
2,620 
2,697 
2,820 
2,917 
2,963 
2,971 
3,514 

1,796 


2,668,328 
2,835,045 
3,417,564 
4,220,915 
3,521,680 
3,812,497 
4,201,054 
4,126,927 
4,298,882 
5,178,662 

1,789,168 


4,541 
6,043 
5,827 
6,071 
6,408 
6,696 
6,761 
5,634 
5,187 
6,718 

156,571 


3,713 
4,967 
4,536 
4,714 
4,935 
5,107 
5,338 
4,442 
3,797 
5,013 

99,483 


828 
1,076 
1,291 
1,357 
1,473 
1,589 
1,423 
1,192 
1,390 
1,705 

57,088 


1,831 
2,039 
2,246 
2,601 
2,525 
2,522 
2,773 
2,648 
2,617 
3,100 

1,631 


6 
9 
1 
4 
5 
2 
8 
4 
16 
5 

12 






1881 


1 


8 




1 
1 
2 
2 








1885 




1886 


6 




1 
5 


















397 
461 
517 
517 
738 
743 
671 
692 
597 
625 

15,470 


364,187 
497,532 
498,654 
457,316 
754,180 
616,391 
614,759 
705,372 
615,115 
562,371 

31,927,894 


185 
201 
216 
234 
338 
609 
587 
631 
551 
580 

2,291 


174,687 
195,839 
211,756 
202,262 
299,167 
514,516 
528,412 
645,011 
570,020 
525,039 

2,555,466 


212 
260 
271 
283 
400 
134 
84 
61 
46 
45 

13,179 


189,500 
301,693 
256,898 
255,054 
455,013 
101,875 
86,347 
60,361 
45,095 
37,332 

29,372,428 


8,559 
8,610 
11,196 
10,349 
13,284 
21,865 
19,696 
22,888 
19,367 
20,757 

108,449 


8,167 
8,071 
10,657 
9,713 
9,122 
11,975 
10,932 
10,942 
9,820 
10,084 

73,272 


392 
539 
539 
636 

4,162 
9,890 
8,764 

11,946 
9,547 

10,673 

35,177 


193 
227 
222 
246 
358 
132 
87 
62 
60 
44 

11,512 


1 

2 
4 
1 












1882 


1 
1 


3 


1884 






3 


2 




1886 




1887 








1888 


1 


1 




1889 






6 


2 


4 


1880 


940 
1,321 
1,526 
1,412 
1,320 
1,396 
1,657 
1,759 
2,023 
2,116 

7,192 


1,708,322 
2,986,735 
3,116,370 
2,659,170 
2,408,895 
2,716,673 
3,443,757 
4,220,231 
4,411,610 
4,256,131 

11,097,533 

635,649 

627,732 
1,556,755 
1,282,879 

865,240 
2,027,683 

998,917 
1,095,280 

944,553 
1,062,839 

89,601,687 


188 
238 
203 
237 
218 
231 
249 
207 
237 
253 

6,905 


18S,746 
287,968 
327,494 
248,939 
270,811 
248,812 
238,071 
223,177 
275,017 
246,431 

10,722,000 


752 
1.083 


1,519,576 
2,69S,767 
2,788,876 
2,410,231 
2,138,084 
2,467,861 
3,205,686 
3,997,054 
4,136,593 
4,009,700 

375,533 


8,921 
11,817 

8,677 
12,316 
13,004 
11,268 
12,329 

8,970 
11,541 

9,616 

209,756 


6,057 
8,575 
5,543 
9,290 
8,789 
7,584 
S.114 
5,566 
7,434 
6,320 

98,416 


2,864 
3,212 
3,134 
3,026 
4,215 
3,674 
4,215 
3,404 
4,107 
3,296 

111,340 


648 

958 

1,182 

1,042 

915 

991 

1,205 

1,358 

1,715 

1,498 

392 








1881 








1882 


1 
1 
1 
1 
1 
1 
1 


323 
175 

072 
165 
408 
552 
786 


1 






1883 






1884 


1 
1 






1885 


1 




1886 




1887 


1 
2 








1 








Hampshire 


287 


46 


43 


3 




579 
589 
714 
702 

708 
775 
857 
679 
814 

54,656 


567 
576 
686 
677 
748 
679 
743 
824 
660 
745 

6,852 


621,999 
017,752 

1,531,008 

1,259,829 
827,491 

1,980,457 
927,342 

1,052,395 
906,628 
997,099 

12,511,841 


12 
13 
28 
25 
27 
29 
32 
33 
19 
69 

47,804 


13,650 
9,980 
25,747 
23,050 
37,755 
47,226 
71,575 
42,885 
37,925 
65,740 

77,089,846 


17,215 
18,613 
21,421 
21,207 
23,254 
19,983 
22,400 
24,044 
18,598 
23,021 

132,202 


9,800 
9,576 
10,878 
10,471 
11,514 
9,594 
11,239 
8,635 
7,012 
9,697 

124,776 


7,415 
9,037 
10,543 
10,736 
11,740 
10,389 
11,161 
15,409 
11,586 
13,324 

7,426 


26 
18 
30 
35 
28 
42 
63 
47 

76 
44,409 


8 
9 
8 
2 
1 

1 
1 
3 
11 

139 


7 
8 
8 
1 
1 
2 
1 
1 
3 
11 

26 


, 






1882 








1884 








1886 




1887 




1888 




1889 






113 




3,301 

3,980 
4,340 
4,719 
5,010 
5,000 
6,522 
6,608 
7,101 
8,015 


4,916,489 
6,533,974 
7,193,133 
8,401,757 
7,994,499 
8,020,684 
10,574,509 
11,006,988 
11,362,096 
13,594,558 


592 
550 
538 
593 
550 
624 
753 
876 
884 
892 


892,000 

955.864 

808,330 

1,259,050 

877,281 

1,034,993 

1,276,070 

1,820,417 

1,661,032 

1,926,798 


2,709 
3,430 
3,802 
4,126 
4,490 
4,376 
5,769 
5,732 
6,217 
7,153 


4,024,489 
5,578,110 
6,384,803 
7,145,707 
7,117,218 
6,985,091 
9,298,433 
9.180,571 
9,701,064 
11,667,760 


10,857 
11,418 
10,728 
11,471 
10,545 
12,218 
14,904 
17,963 
14,547 
17,551 


10,446 
10,789 
10,172 
10,794 
9,964 
11,468 
13,961 
17,334 
13,918 
15,930 


411 
629 
556 
677 
581 
750 
943 
629 
629 
1,621 


2,499 
3,309 
3,512 
3,705 
3,872 
4,365 
5,105 
5,520 
5,915 
6,607 


12 
9 

13 
9 
14 
14 
17 
20 
24 


1 

1 
1 

2 

1 

3 
3 
5 

7 


11 

8 
6 
11 

8 
12 








1884 




1887 


14 


1889 


n 



MORTGAGES IN MASSACHUSETTS. 

Table 1.— NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES PLACED ON RECORD, ETC.— Continued. 





MORTGAGES STATING AMOUNT OP DEBT. 








Number 
of lots 
mort~ 
gaged. 


NUMBER OF M 




COUNTIES AND 
YEARS. 


Total. 


On acres. On lots. 




AMOUNT OF DEBT. 




Number. 


Amount. 


Number. 


Amount. 


Number. 


Amount. 


Total. 


Stated. 


Esti- 
mated. 


Total. 


On 

acres. 


On 
lots. 




391 


¥316,800 


19 


856,575 


315 


9260,225 


615 


523 


92 


382 


1 














21 

18 
30 
42 
42 
53 
35 
55 


5,202 
11,141 

17,647 
38,812 
36,223 
62,665 
30,150 


4 
2 

4 
6 
4 
7 

7 


625 
475 
315 
13,720 
12,000 
2,435 
5,6)5 
6,650 
2,900 
11,810 

7,561,766 


17 
16 
28 
38 
36 
19 
28 
48 
41 
44 

10,289 


4,577 
10,666 
17,332 
25,122 
21,223 
60,230 
21,505 
21,682 
38,559 
33,329 

15,893,386 


19 
17 
8 
21 
69 
86 

136 
81 

113 
59 

47,305 


6 
4 
8 
24 
56 
73 
123 
57 
113 
59 

46,573 


13 
13 


17 
17 
27 
47 
38 
69 
37 
45 
46 
39 

12,157 








1881 








1882 








1883 










1881 


13 
13 
13 

27 




































1 






1889 


52 45.139 










14,135 


23,455,152 j] 3,846 


732 


45 


16 


















795,575 
1,071,283 

997,995 
1,100,510 
1,397,072 
1,615,710 
1,735,251 
2,026,610 
2,238,881 
2,581,169 

10,412,050 


4,621 
4,461 
4,702 
4,783 
4,783 
4,208 
4,044 
4,669 
5,803 
5,231 

46,964 


4,605 
4,445 
4,624 
4.736 
4,705 
4.177 
3,966 
4,560 
5,618 
5,107 

10,101 


16 
16 
78 
47 
78 
31 
78 
109 
155 
121 

6,863 


538 

1,027 

820 

933 

988 

2.819 

1,257 

1,137 

1,212 

1,426 

8,300 


3 

5 
3 
5 
3 

I 
4 
7 
3 

65 


2 
3 
1 




1881 

1882 

1883 


1,015 ' 1,516,493 307 
1,110 : 1,566,512 351 
1,324 2,036,841 360 
1,390 1.953,561 350 
1,465 | 2,289,693 385 


445,210 708 
568,517 759 
636,301 964 
556,489 1 1,040 
613,983 1,080 
891,465 1,193 
968,418 1,267 


2 
2 




1 
3 

1 




1885 


4 




1,666 
1,737 
1,981 

11,913 


2,995,028 i 399 






4 
1 

28 



4 
4 
3 
4 






4,110,977 
13,701,629 


550 
3,669 


1,526,508 
3,289,579 


1,431 

8,214 














809 
991 
1,040 
1,071 
1,253 
1,328 
1,139 
1,278 
1,306 
1,698 

45,060 


747,556 
1,082,778 
1,190,582 
1,250,439 
1,293,439 
1,516,080 
1,282,182 
1.656,723 
1,580,146 


290 
327 

a33 

333 

401 
424 
401 
386 
357 


215,511 
283,881 
318,517 
258,605 
287,061 
424,946 
313,479 
370,453 


519 
661 
707 
738 
852 
901 
735 
892 


532,015 

798,897 

872,035 

991,831 

1,006,378 

1,091,134 

938,703 

1,286,270 

1,169,547 

1,725,207 


3,342 

3,962 
4,089 
4,122 


2,967 
3,558 
3,613 
3,632 


375 
101 
476 
490 
548 
663 
822 
793 
1,225 
1,067 

9 


469 
589 
681 
631 
733 
812 
891 
901 
1,065 
1,489 

40,654 


5 
9 
7 
11 

5 
4 
8 
6 
8 

50 






















4.913 1 4,280 
5,613 4,791 
4,702 3,909 
5,274 1 4,019 




■>. 








2 
1 
2 










376,197 i 1,284 








723 


711 
















2,616 
3,214 
3,389 
3,802 
4,286 
4,736 
4,944 
5,466 
5.783 


9,937,526 
11,105.691 
16,273,420 
15,921,592 
18,'139,107 
19,061,160 
22,547,377 
23,022,856 
21,161,714 


5 

11 
8 

10 
8 

10 
8 
6 
5 
7 

6,623 


46,410 
118,760 
206,100 
47,200 
59,125 
75,250 
51,598 
1 OS, 500 
133.263 
122,781 

8,577,005 


2,611 | 9,891,086 
3,203 13,986,931 


15 
158 
133 
39 
79 
70 
88 
86 
28 
27 

247,475 


15 
158 
133 
39 
79 
70 
88 
86 
28 
18 

199,616 




3,721 
2,835 
2,950 
3,307 
3,878 
4,007 
4,200 
4,495 
5,113 
6,148 

21,510 


5 

11 
13 

7 

3 
























3,792 
4,278 
4.726 
4,936 
5,460 
5.778 
6,817 

26,796 


15,874,392 
18,080,282 
18,985,910 
22,495,779 
22,914,356 
24,031,451 
30,339,301 

41,635,363 












































4 
3 

157 








9 
47,859 








33,419 50,212,368 


36 










2,179 : 2,790,597 


579 
570 
661 
654 
677 
70S 


551,078 
591,231 
710,725 
716,395 
771,558 
768,963 
778,611 
800,905 


1,600 
2,098 
2,276 
2,509 
2.455 
2,652 
2,759 
3,413 


2,239.519 
3,123,961 
3,158,158 
3,726,271 
3.551.190 
1,203,876 
4,398,985 
5,238,986 


22,801 
21,013 
25,760 
23,875 
27.189 
23.979 
26,332 
22,637 


20,264 
18,476 
21,979 
19,596 
24,355 
20,911 
21.107 
17,065 


2,537 
2,537 
3,781 
4,279 
3,131 
3.035 
4,925 
5,572 
8,955 


1,442 
1,793 
1,894 
1,987 
1,917 
2,184 
2,260 
2,794 
2,683 
2,556 


















2,937 
3.163 
3,132 
3,360 
3,479 
4,008 
4,291 
4,202 


3,869,183 
4,172,669 
1,326,018 
1,972,811 


8 :l 1 

12 ' 4 
10 ! ; 4 
16 5 

13 : 4 

27 6 
26 9 




















1887 


6,039,891 :| 595 


21 










31 






. 






















Table 2.— REAL ESTATE MORTGAGE DEBT IN FORCE JANUARY 1, 1890, BY COUNTIES. 



COUNTIES. 



The State 8323,277,668 512,441,217 

Barnstable 873,721 : 425,346 418,375 

Berkshire 10,2(4,960 3,445,897 6,799,063 

Bristol 17,086,162 1,063,807 16,022,355 

Dukes 296,386 42,598 

Essex 26,795,573 I 4,031,019 22,761,554 

Franklin 3,111,678 ' 2,416,520 728,158 



Hampden $19,547,915 SI, 668, 927 817,878,988 

Hampshire 6,697,517 6,414,450 283,067 

Middlesex 57,087,225 8,827,819 48,859,406 

Nantucket .'. 200,246 26,065 174,181 

Norfolk 16,360,802 5,594,641 10,766,161 

Plymouth 8,895,557 2,126,361 6,769,196 

Suffolk 123,734,937 465,152 123,269,785 

Worcester 31,711,989 5,892,615 25,819,344 



FARMS, HOMES, AND MORTGAGES. 

Table 3.— AMOUNT OF REAL ESTATE MORTGAGES BEARING SPECIFIED RATES OF INTEREST, BY YEARS. 



The State.. S50S,455,550 528,176,133 537,761,073 543,148,483 511,872,397 



0.0 per cent.. 
0.5 - 



6,591,232 550,443,481 556,653,163 



3,678,128 504,604,916 575,526,544 



1.0... 


do 


1.5... 


.do 


2.O.. 


.do j 


2.5... 


.do 


3.0... 


.do 


3.5... 


.do 


4.O.. 


.do 


4.1.. 


.do 


4.3.. 


.do 


4.4- 


.do 


4.5.. 


.do 1 


4.7.. 


.do 


4.8- 


.do 


5.O.. 


..do 


5.3.. 


.do 


5.5.. 


.do 


5.7... 


.do 


5.8.. 


.do 


6.O.. 


.do 


6.1... 


.do 


6.2.. 


.do 


6.3.. 


.do 


6.4- 


.do 


6.5.. 


.do 


6.6.. 


.do 


6.7- 


.do 


6.8- 


.do ! 


6.9.. 


.do 


7.O.. 


.do 


7.1- 


.do ! 


7.2.. 


..do 


7.3.. 


.do 


7.4.. 


.do 


7.5.. 


.do 


7.6- 


..do 


7.7- 


..do 


7.8- 


..do 


7.9.. 


.do 


8.O.. 


..do 


8.1- 


..do 


8.2.. 


..do 


8.3.. 


..do 


8.4.. 


..do 


S.5.. 


..do 


8.6- 


..do 


9.O.. 


..do 


9.3.. 


..do 


9.5.. 


..do 


9.6.. 


..do 


10.0.. 


..do 


10.5.. 


..do 


11.0.. 


..do 


12.0.. 


..do ! 


12.5.. 


..do 


13.0.. 


..do 


14.0.. 


..do 


15.0.. 


..do 


16.0.. 


..do 


17.5- 


..do 


18.0.. 


..do 


20.0- 


..do 


21.0- 


..do 


24.0- 


..do 


25.0.. 


..do 


26.0. 


..do 


27.0.. 


..do 


30.0. 


...do 


32.0. 


...do 


35.0. 


...do 


36.0. 


...do 


37.0. 


...do 


39.0. 


..do 


40.0. 


...do 


42.0. 


...do 


48.0. 


...do 


50.0. 


..do 


52.0. 


...do 


51.0. 


..do 


57.0.. 


..do 


60.0. 


...do 


61.0. 


..do 


62.0. 


..do 


63.0.. 


..do 


72.0.. 


..do 


80.0.. 


..do 


81.0.. 


..do 


84.0.. 


..do 


90.0.. 


..do 


144.0.. 


..do 



951,093 

900 

28,058 



53,225 
373,424 
55S.170 

,616,481 



.130.S00 
173,500 
1,936,610 



1,050 
13,199 
1,800 



3,596 
3,400 
1,100 
1,500 



22,274 
"l,85i" 



45,474 

i'oa'ss" 



63,239 

900 

1,000 



42,102 

"i'sob" 



124,544 
5,*500" 



42,842 
'60,'574 



18,900 

6,000 

669,007 



21,250 

20,260 

1,400 

1,451,533 



23,875 

IS, 830 

1,100 

1,003,675 



110,590 
2,010 

3,666 



40,567 

544,870 

5,609,742 



13,160 

4,000 

2,850,875 

150,000 



3,845,363 



465,500 

165,000 

3,967,313 



2,000 
11,365,593 



,406,336 7,614,604 10,987.860 

700 29,000 4,000 i 

766,560 1,178,579 1,565,118 2,282,288 



57,800 

13,010,510 

8,000 

2,752,015 



17,511,502 22,051 ,5'.lf. 

6,500 1,000 

2,464,854 2,2L4,779 



19,587,423 

450 

4,500 

1,462,919 



23,262,803 

9,100 

124,650 

27,200 



769,193 
2,000 
2,450 



3,100 

23,569,628 

4,000 

143,000 

23,400 

2,500 

505,277 
8,800 
2,200 



24,076.397 

2,700 

213,475 

62,015 

3,900 



1,200 
,363,543 



1,050 

22,918,633 

11,100 

242,965 

51,950 

5,050 

412,096 
5,600 
8,150 
9,100 
1,100 



22,488,556 

9,950 

269,870 



19,912,093 

1,200 

324,950 

102,800 



250,500 

:, 201, 679 
9,100 

1,331,701 

3,000 

146,000 

1,118,383 
11,350 
284,155 
183,100 



21,966,306 

36,600 

3,709,202 



84,784 


62,111 


34,732 


50,983 


26,378 ! 


17,185 


















239,621 


209,498 


170,220 
1,000 



39,572 
1,200 



381,893 
2,250 
2,500 
2,550 
2,500 

939,064 
1,550 
1,800 
15,321 



15,050 
792,295 



239,270 
6,050 
1,650 
3,700 
91,300 

966,290 
2,600 
66,100 
20,812 
1,000 

61,700 



58,400 

26,465,010 

18,400 

369,524 

255,475 

1,650 

263,805 
6,450 
4,900 
4,850 
93,800 

1,009,448 
1,500 
43,150 
6,267 



14,100 
195,398 



2,000 
226,846 



409,679 

1,700' 









































1,900 





2,150 ... 














6,075 


24,975 


15,710 


16,742 


20,671 


9,953 


20,932 


36,200 



103,574 
1,500 
1,450 



6,260 
1,087 



2,000 
4S5 

13,530 



83,416 

4,720 

360 
1,500 

700 
102,880 

5,540,662 



23,800 

8,500 

5,347,717 

7,500 

10,000 



1,075 

27,880,242 

10,900 

519,010 

191,225 

8,800 

262,564 
5,150 
10,500 



74,173 

800 



11,024 

950 

200 

3,325 



MORTGAGES IN MASSACHUSETTS. 

Table 4.— NUMBER OF REAL ESTATE MORTGAGES CLASSIFIED BY AMOUNTS OF LOANS, BY YEARS. 



( 1. A-S1I'I( A'I'ION OF AMOUNTS. 



The State 

Under $100 

8100 and under $200 

$200 and under $300 

$300 and under $100 

$400 and under $500 

$500 and under $1.000 

$1,000 and under $1,500 

$1,500 and under $2,000 

$2,000 and under $2,500 

$2,500 and under $5,000 

$5,000 and under $10,000 

$10,000 and under $15,000 

$15,000 and under $20,000 

$20,000 and under $25,000 

$25,000 and under $50,000 

$50,000 and under $100,000 

$100,000 and under $500,000 .... 
$500,000 and under $1,000,000. 
$1,000,000 and over 



19,019 20,874 



25,560 27,342 



4,126 
15,111 
17,695 
16,426 
12,995 

55.498 
40,376 
22,222 
17,538 



11,922 
3,219 
1,370 



1,123 
1,229 
1,151 



3,932 
2,513 
1,205 



1,188 
1,370 
1,267 
1,072 



2,995 
1,537 
1,267 
2,154 



328 
1,315 
1,443 



4,781 
3,342 
1,777 
1,478 
2,426 

1,024 



1,377 
1,570 
1,547 
1,173 

5,079 
3,538 
1,917 
1,483 
2,654 



1,548 
1,804 
1,721 
1,265 

5,571 
4,056 
2,077 



1 ,595 
1,918 
1,782 
1,349 

5,624 
4,152 
2,150 
1,758 

2,878 

1,202 



1,462 

5,959 
4,386 
2,524 
1,961 
3,240 

1,274 



1,775 
2,059 
1,904 
1,478 

6,493 
5,018 
2,918 
2,313 
3,637 



1,862 
2,262 
2,129 



7,290 
5,508 
3,258 
2,665 
4,294 

1,687 



10 



FARMS, HOMES, AND MORTGAGES. 



Table 5.— OBJECTS OF REAL ESTATE MORTGAGE INDEBTEDNESS AS DETERMINED BY PERSONAL INQUIRY, BY 

SELECTED COUNTIES. 



FRANKLIN. 



OBJECTS OF INDEBTEDNESS. 



Purchase money 

Improvements 

Purchase money and improvements.. 

Business 

Farm and family expenses 



To buy more land 

Manufacturing business 

Undescribed debts 

Improvements and to buy more land.. 
To secure an indorser 



Speculation 

Improvements and machinery.. 

Improvements and business 

Security debts 

Purchase money and business.. 



Borrowed money • — 

Improvements, mining and bank stock... 
Farm and family expenses and sickness.. 
Improvements and farm and family e: 

penses. 
Improvements to replace loss by fire 



Losses in business.... 
To buy stock in a 
pany. 

Family expenses 

Farm stock 

Mercantile business- 



western cattle 



business 

provements, and farm 



To assist relatives 
Purchase money, 

stock. 
Purchase money and farm and family ex 

penses. 

Grocery and produce business 

Improvements and undescribed debts 

Grain and saw mill business 

Sickness 

Improvements and farm stock 

Improvements and sickness 

Raising and dealing in fancy stock 



_nd lo__. 
Farm and family expenses and unch 

scribed debts. 

To buy manufacturing stock 

To help relatives 

Improvements and security debt 

To buy land in California 

To pay a son's debts 

Lumber business 

Family expenses and business 

Mining speculation 

Blacksmith's business 

To furnish a hotel 

Purchase money and undescribed debts.. 
Livery business 

Purchase money and dissipation 

To buy land in the west 

To buy land in Wisconsin for relative 

Purchase money and security debt 

Farm and family expenses and borrowed 

money. 
Sickness and funeral expenses.. 



1,U25, ri5B 
787,477 
134,578 
70,060 
63,011 

59,766 
33,275 
46,480 
26,725 
21,225 

20,997 
19,000 
25,450 
18,011 
17,800 

15,705 
15,000 
12,515 
16,385 



12,539 
10,106 
11,576 



Amount 

unpaid 

January 1, 

1890. 



3,144,678 



6,297 
5,900 
4,825 
4,600 



3,350 
3,140 
3,118 
4,193 
4,500 

2,500 
2,300 
2,000 
2,212 
1,875 

1,800 
1,800 
1,700 
5,000 
2,150 

1,600 



1,664,831 
696,256 
128,368 
67,030 
59,143 

52,998 
32,275 
26,607 
26,475 
21,225 

20,847 
18,437 
17,950 
17,271 



15,105 
15,000 
11,975 
11,860 



OBJECTS OF [Nl)E17n:i>NESS. 



10,099 
9,770 
9,659 



6,450 
6,245 
5,501 
4,825 
4,600 

4,061 
4,000 



3,140 

2,778 
2,643 
2,625 

2,500 
2,050 
2,000 
1,962 
1,875 

1,800 
1,800 
1,700 
1,700 
1,600 

1,600 



Paint and paper business 

To buy more land and help a son in busir 

Machinery 

Purchase money and to start daughter 

business. 
Improvements and to educate a son 



Money to relend 

To buy land in Vermont.. 

Education of children 

Investment 

Dissipation 



Number 
of mort- 



Amount 
Original | unpaid 
amount. January 1, 
1890. 



Sidewalk making business 

Improvements and farm and family ex- 
penses, farm stock, and funeral expenses. 

To furnish boarding house 

To buy land in another state 

To buy land in Washington 



Expenses of moving west 

Improvements to repair damage by cyclone. 

Meat business 

Excessive mortgage to help inflate value oi 

the land. 
To buy more land for a son 



Improvements and to hire a substitute to ei 

list during civil war. 

Saloon business 

Transfer and teaming business 

To buy more land and traveling expenses.. 
Farm and family expenses, farm stock, an 

sickness. 



Jewelry business 

Tinware business 

To pay a husband's debt 

For support of child 

Farm and family expenses, stock, machir 
and implements. 

To pay taxes and interest 

Contractor's business 

To develop a patent 

For the service of a son 

To buy a stage and mail route 

To start in Virginia 

Farm and family expenses and taxes 

Boot and shoe business 

Farm stock and undescribed debts 

To buy more land, and sickness 

Farm machines and implements and bor- 
rowed money. 

Sickness and debts of a son 

To help pay a church debt 

To bnv land in Florida 

Fertilizers 

To help a soldier obtain his pension 

Improvements and funeral expenses 

To buy land in New Hampshire 

Fur business 

To move family to Minnesota 

To pay loss on contracts 

Newspaper business 

To start a son in business 

To buy lumber for a son to build house... 

To help a husband pay for land 

Law suit 

Farm and family expenses and lumber.... 
Unknown 



$1,700 
1,500 
1,390 
1,200 

1,200 

1,200 
1,200 
1,150 
1,450 
1,100 



1,200 
1,000 
2,140 



900 

1,360 

880 

1,250 

1,050 

800 

800 

1,000 



3,0(10 
1,240 



MORTGAGES IN MASSACHUSETTS. 



11 



Table 5.— OBJECTS OF EEAL ESTATE MORTGAGE INDEBTEDNESS, ETC.— Continued. 

HAMPDEN. 



OBJECTS OF 



OBJECTS OF INDEBTEDNESS. 



I Amount 
Original | unpaid 
amount. January 1, 
1890. 



The county 

Purchase money 

Improvements 

Purchase money and improvements 

Business 

Improvements and business 

To buy more land 

Collateral security 

Manufacturing business 

Family expenses 

Purchase money and business 

Speculation and investment 

To pay security debt 

Improvements and family expenses 

Purchase money, improvements, and in- 
terest. 
Foundry business 

Farm and family expenses 

Mercantile business 

Borrowed money 

Grocery business 

Purchase money, improvements, and busi- 

To secure indorsers 

Meat business 

Extravagant living 

To buy more land and improvements 

To help son in business 

Tobacco business 

Jewelry business 

Drug business 

Purchase money and family expenses 

Sickness 

Undescribed debts 

Livery business 

Purchase money, improvements, sickness, 
and funeral expenses. 

To help others 

Furniture business 

Private 

To relend 

Lumber business 

Business losses 

Clothing business 

Crockery and glassware business 

Farm and family expenses, and to buy 
farm stock and implements. 

Sickness and funeral expenses 

To rebuild after a fire 

Whip manufacturing business 

Improvements and to buy farm stock 

Settlement in lieu of wife's dower 

Improvements and farm and family ex- 
penses. 

To travel in Europe 

Cigar manufacturing business 

Brick making business 

Business and to pay security debt 

Education 

To buy land in California 

Interest and taxes 

Improvements, sickness, and funeral ex- 
penses. 

Wood and coal business 

Building and contracting business ... 

Piano and organ business 

To help relatives 

Family expenses, sickness, and funeral ex- 
expenses. 

Purchase money and to buy farm stock 
and implements. 

Stone mason's business 

Improvements and to pay security debt 

Improvements, farm and family expenses, 
and to buy farm stock. 



9,166 S21 ,990,431 $19,547,915 



Tin business 

To buy farm stock 

Farm and family expenses, sickness, 

funeral expenses. 
To buy farm and stock and implements.. 
Litigation and lawyers' fees 



Farm and family expenses and business 

Farm and family expenses and speculation .. 

Business and losses in farming 

Nursery business 

Farm and family expenses and investment. 



To buy land in Connecticut 

Family expenses and business 

Improvements and speculation 

Furnishing and upholstering business- 
Farm and family expenses and litigatio 



Improvements and to buy farm stock and 
implements 

Hardware and lumber business 

Purchase money and farm and family ex- 
penses. 

Ice business 

Real estate business 



Bakery business 

Plumbing and gasfitting business. 

Express business 

Liquor business 

Carriage building business 



Merrliant tailoring business 

Feed business 

Purchase money and to help i 
ness. 

Crain business 

Gardening business 



Dairy business 

To buy more land and family expe 
To buy more land and farm stock.. 

Woolen commission business 

Laundry business 



Business and sickness 

Purchase money and to pay security debt.. 

Gift to relatives 

Tea, coffee, and spice business 

To help start in profession 



To buy undescribed personal propertv . 

To buy land in Iowa 

Alimony and expenses of divorce suit.. 

' A 'o buy a hack and team of horses 

To buy horses, not on farm 



Fruit and confectionery business 

Junk business 

To pay traveling expenses 

To pay funeral expenses 

Furniture and undertaking business . 



To buy stone 

Improvements, and to buy team, not 

Hotel business 

To secure an account and pay securi 

debt. 
Notion business 



Boarding house business 

Saw mill business 

To buy a carriage 

Sickness and to buy a horse. 



Book agency business ... 

Losses in farming , 

Expenses of a vacation ., 
Woodenware business... 



Purchase money, family expenses, and busi- 
ness. 

To buy a water wheel ... 

Harness business 

"Unknown 



$2,500 
2,361 
2,309 



2,200 
2,500 
2,000 
2,000 
2,000 

2,000 
1,900 
1,850 
2,400 
2,100 

2,300 



1,500 
1,100 
1,700 



82,500 
2,321 



2,200 
2,200 
2,000 
2,000 
2,000 

2,000 
1,900 
1,850 



1,442 
1,400 
1,390 



1,150 
1,100 
1,100