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EXTRA CENSUS BULLETIN. 


7, 1893. 


No. 32, WASHINGTON, D. C. 


March 


STATISTICS OF FARMS, HOMES, AND MORTGAGES. 


OWNERSHIP AND DEBT IN MONTANA. 


DEPARTMENT OF THE INTERIOR, 
Census OFFICE, 
Wasuineron, D. C., March 1, 1898. 
SIR: 

The leading results of the investigation of farm and home proprietorship in Montana are contained in this 
bulletin. 

In regard to farms the conclusion is that 13.40 per cent of the farm families hire and 86.60 per cent own the 
farms cultivated by them ; that 15.58 per cent of the farm owning families own subject to incumbrance and 84.42 per 
cent own free of incumbrance. Among 100 farm families, 13 hire their farms, 14 own with incumbrance, and 73 
without incumbrance. On the owned farms of this state there are liens amounting to $1,548,816, which is 31.69 
per cent of their value, and this debt bears interest at the average rate of 10.97 per cent, making the average 
annual interest charge $195 to each family. Each owned and incumbered farm is worth, on the average, $5,624, 
and is subject to a debt of $1,782. 

The corresponding facts for homes are that 56.30 per cent of the home families hire and 43.70 per cent own 

their homes; that of the home owning families 87.66 per cent own free of incumbrance and 12.34 per cent with 
incumbrance. In 100 home families, on the average, 56 hire their homes, 6 own with incumbrance, and 38 without 
incumbrance. The debt on owned homes aggregates $1,480,157, or 36.08 per cent of their value, and bears interest 
at the average rate of 10.97 per cent, so that the annual amount of interest to each home averages $143. An 
_ average debt of $1,303 incumbers each home, which has the average value of $3,612. 
There are 2 cities in the state having a population of 8,000 to 100,000, Butte city, with 10,723 people, and 
_ Helena, with 13,834, and in these cities 68.29 per cent of the home families hire and 31.71 per cent own their 
homes, and of the home owning families 30.26 per cent own with incumbrance and 69.74 per cent own free of 
-incumbrance. In 100 home families, on the average, are found 68 that hire their homes, 10 that own with 
incumbrance, and 22 that own without incumbrance. The liens on the owned homes are 38.06 per cent of the 
value of those subject to lien. Several averages show that the rate of interest is 10.20 per cent; value of each 
_ owned and incumbered home, $4,506; lien on the same, $1,715, and yearly interest charge on each home, $175. 

Real estate purchase and improvements, when not associated with other objects, caused 47.64 per cent of the 
farm families to incur 47.77 per cent of the farm debt and 70.07 per cent of the home families to incur 68.30 per 
cent of the home debt. 


Very respectfully, 
ROBERT P. PORTER, 
Superintendent of Census. 
The SkcrerAry or THE INTERIOR. 
C. 0. P.—3,500 


STATISTICS OF FARMS, HOMES, AND MORTGAGES. 


OWNERSHIP AND DEBT IN MONTANA. 


BY GEORGE K. HOLMES AND JOHN S. LORD. 


Selections from the results of the investigation of farm and home proprietorship and indebtedness in Montana 
are presented in this bulletin. Every family in the state is regarded as occupying a farm or a home not a farm, 
and as hiring such farm or home, or owning it free of incumbrance, or owning it subject to incumbrance. In the 
class last named, and in no other, account has been taken of the incumbrance, its rate of interest and object, and 
the value of the farm or home. 

HABITATION PROPRIETORSHIP.—Among the 27,501 families of the state there are 12,720, or 46.25 per cent of the 
total, which hire their farms or homes and 14,781, or 53.75 per cent, which own them. Of the families which own, 
2,005, or 13.56 per cent, have farm or home incumbrance and 12,776, or 86.44 per cent, are free of incumbrance. In 
100 families, on the average, 46.25 hire their farms or homes, 7.29 own with incumbrance, and 46.46 own without 
incumbrance. 

FARM PROPRIETORSHIP.—There are 6,441 farm families in Montana, which is 23.42 per cent of the total number 
of families. Of these, 5,578, or 86.60 per cent, own and 863, or 13.40 per cent, hire the farms cultivated by them, 
while of the owning families, 869, or 15.58 per cent, have incumbrance on their farms and 4,709, or 84.42 per cent, 
have no incumbrance. The average 100 farm families are composed of 13.40 that hire, 13.49 that own with 
incumbrance, and 73.11 that own without incumbrance. Details for the counties are in Table 1. 

The following table shows an apparent increase in farm tenancy from 5.27 per cent in 1880 to 13.40 per cent in 
1890. The sources of the statistics for 1880 and 1890 are not the same, since the figures for 1880 represent farms 
and those for 1890 farm families, and any conclusions drawn from a comparison of these 2 years in this table may 
be somewhat erroneous. 


FARM PROPRIETORSHIP, 1880 AND 1890, BY COUNTIES. 


Number | Number | Number | Number  Percent- Percent-| percent- Fercent- 


of of farm of of farm age of yo ot age of See 
COUNTIES. owned | owning | hired hiring owned ae hired mi ee 
farms, |families,, farms, families, farms, eee farms, eae 
1880. | 1890. 1880. 1890. 1880. 1390. 1880. 1890. 
The State..........-. 1,439 | 5,578 


86.60 5.27 13.40 


Beaverhead............... 82 | 328 


Cascade.. 362 


Choteau 333 
Custer ... 153. | 314 
Dawson. ae 70 
Deerlodge. 133 | 513 
Fergus .. ol peouckceoanecee | 419 
Gallatin 153 577 
Jefferson ........ 82 177 
Lewis and Clarke 168 | 289 
Madison.... 233 390 
Meagher .. 294 
Missoula 73 
Park...... 394 
Silverbow : 69 
Yellowstone.............|...eeesccceeeee 176 


Homer PROPRIETORSHIP.—The 21,060 home families are 76.58 per cent of the families of the state and are 
divided into the several classes as follows: hiring families, 11,857, or 56.30 per cent of the total number of home 
families; owning families, 9,203, or 43.70 per cent; families owning free of incumbrance, 8,067, or 87.66 per cent of 
the total number owning; families owning subject to incumbrance, 1,136, or 12.34 per cent of the owning families. 
Of 100 home families, on the average, 56.30 hire their homes, 5.39 own with incumbrance, and 38.31 own without 
incumbrance. Table 2 shows details for the counties. 

City homes are hired in a greater degree than is found outside of cities. In Butte city and Helena there are 
4,690 home families, of which 3,203, or 68.29 per cent, hire and 1,487, or 31.71 per cent, own their homes. Homes 

3 


4 FARMS, HOMES, AND MORTGAGES. 


subject to incumbrance are occupied by 450 owning families, or 30.26 per cent of the total owning families, and 
1,037 families, or 69.74 per cent of the owning families, have no home incumbrance. In 100 of these city home 
families, on the average, 68.29 hire their homes, 9.60 own with incumbrance, and 22.11 own without ineumbrance. 
The home proprietorship of these cities will be found in Table 3. 

In the state, outside of the 2 cities referred to, 52.86 per cent of the home families hire and 47.14 per cent own 
their homes, 8.89 per cent of the home owning families own with incumbrance and 91.11 per cent without 
incumbrance, while among 100 home families, on the average, 52.86 hire their homes, 4.19 own subject to 
ineumbrance, and 42.95 own free of incumbrance. 


VALUE AND INCUMBRANCE.—Liens amounting to $3,028,973 incumber the 2,005 owned farms and homes of the 
state that are subject to incumbrance, $1,548,816 of which is on 869 farms and $1,480,157 on 1,136 homes. The 
value of the incumbered farms and homes is $8,990,307 ; farms, $4,887,335, and homes, $4,102,972. Ratios of debt 
to value: farms and homes, 33.69 per cent; farms, 31.69 per cent, and homes, 36.08 per cent. The county figures 
for value and incumbrance are in Table 4, and the figures for the homes of the 2 cities in Table 5. 

A debt of $771,606 incumbers 450 owned homes of Butte city and Helena, and these incumbered homes are 
worth $2,027,531, so that the debt is 38.06 per cent of the value. The debt incumbering the owned homes in the 
state, outside of the 2 cities, is 34.14 per cent of the value of the homes subject to the incumbrance. 


CLASSIFICATION OF AMOUNTS OF VALUE AND INCUMBRANCE.—In the 2 following tables percentages represent 
various classes of farm and home values and incumbrances, and the numbers from which these percentages are 
derived are in Tables 6 and 7. It is to be remembered that these tables are confined to farms and homes occupied 
by owners and incumbered, and to the occupying families. 


PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF THE VALUE 
THEREOF AND OF THE INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF VALUE AND OF 


INCUMBRANCE. 
THE STATE. 
Sate FOR HOMES IN CITIES OF 8,000 TO 
100,000 PEOPLE. 
For farms. For homes. 
CLASSIFICATION OF AMOUNTS. For value. For incumbrance, For value. For incumbrance. For value. For incumbrance. 
For For For | For For For 
number For number For number For number For number) For | number’ For 
of amount. of amount. of amount. of amount. of amount. | of | amount, 
. families. families. families. families. families. families. 
Under $500 1.15 0.05 18.41 3.07 4,23 0.32 28.43 5.42 0.44 0.03 13.11 2.27) 
Under $1,000........ 4.60 0.50 44,30 12.61 17.52 2.77 55.28 18.74 4.22 0.57 35.11 10.82 
$500 and under $1,000 3.45 0.45 25.89 9.54 13.29 | 2.45 26.85 13.32 3.78 0.54 22.00 8.55 
$1,000 and under $2,500. 28.65 8.12 34.52 28.33 33.28 13.92 31.16 34,83 29.56 10.46 46.00 40.34 
$2,500 and under $5,000... 80.61 18.24 15.19 27.99 27.20 | 24.12 9.95 24.57 38.89 28.69 14.67 28.04 
$5,000 and under $10,000 22.79 25.49 4.61 15.69 14.52 25.48 2.82 13.45 16.44 23.29 2.89 10.37 
$5,000 and OVET ...........-.--000----2ee-ee 36.14 73.14 5.99 31.07 22.00 59.19 3.61 21.86 27.33 60.28 4.22 20.80 
$10,000 and Over....-........--.000e-2eeeeees 13.35 47.65 1.38 15.38 7.48 33.71 0.79 8.41 10.89 36.99 1.33 10.48 
$25,000 and oyer.. 2.42 22.29 0.23 6.97 1.14 TIMES | recess pocenered Reoanceseocnen 1.56 UBS). pececocinaaantag bendacosaogongs 


In looking for the most prominent class in each column for the state, it appears that 36.14 per cent of the farm 
debtor families own incumbered farms worth $5,000 and over, and that 73.14 per cent of the total farm values is in 
farms of the same class. The farms having an incumbrance of less than $1,000 each are owned by 44.30 per cent 
of the farm debtor families, while farms that are each incumbered for $5,000 and over carry 31.07 per cent of the 
total farm debt. 

Home values are more prominent in the class of those worth $1,000 and less than $2,500, which are owned by 
33.28 per cent of the home debtor families, and in the class of $5,000 and over, whose homes are worth 59.19 per 
cent of the value of all owned and incumbered homes. Upon turning to incumbrance, it will be noticed that 55.28 
per cent of the home debtor families own homes each with an incumbrance of less than $1,000, and that 34.83 per 
cent of the total home debt rests on homes, each of which is incumbered for $1,000 and less than $2,500. 

The owned and incumbered homes of the 2 cities that are worth $2,500 and under $5,000 are owned by 38.89 
per cent of the home debtor families, and the homes worth $5,000 and over constitute 60.28 per cent of the value 
of all homes, while incumbrances of $1,000 and less than $2,500 are carried by 46.00 per cent of the home debtor 
families, and the total amount of the incumbrances in the same class is 40.34 per cent of the total amount. 


OWNERSHIP AND DEBT IN MONTANA. 


OU 


AVERAGE VALUES AND INCUMBRANCES.—Tables 9 and 10 show that the average owned and incumbered farm 
of the state is worth $5,624 ; home, $3,612; of each home in the 2 cities, $4,506. 

The average farm incumbrance for the state is $1,782; home, $1,303, and home incumbrance in the 2 cities, 
$1,715. 

Beaverhead county has homes of the highest average value, namely, $5,234, and the least average value, $525, 
is in Dawson county. In the state, outside of the 2 cities, the average home value is $3,025; incumbrance, $1,033. 
As before stated, all values are confined to incumbered farms and homes occupied by owners. 


INTEREST RATES.—The chief rate of interest in this state is 12 per cent. Rates higher than 12 per cent are paid 
on 9.25 per cent of the farm incumbrance by 16.69 per cent of the farm debtor families, on 13.05 per cent of the home 
incumbrance by 21.39 per cent of the home debtor families, and in the 2 cities on 5.48 per cent of the home 
incumbrance by 9.11 per cent of the families occupying owned and incumbered homes. These percentages are 
contained in the following table, and the facts from which they were computed are exhibited in Table 8. 


PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES 
AND OF AMOUNT OF INCUMBRANCE THEREON, BY RATES OF INTEREST. 


THE STATE. 
FOR HOMES IN 
—— =: — CITIES OF 8,000 TO 
100,000 PEOPLE. 


For farms. For homes. 
RATES OF INTEREST. 
Nee 1 Bos . For HOY . For 
me OF amount. number of amount. number of amount. 
families. families. families, 
Under 6 per cent .............ceeeececeeeeeeee 1.03 0.40 2.02 0.87 0.44 0.53 
| 6 per cent 2.88 3.13 2.11 4,25 2.67 2.62 | 
| 7Tpercent.... 4.14 4.63 1.58 1.36 0.67 0.57 
8 percent ....... cl 2.7 3.53 8.45 10.01 16.89 16.78 
| 6 to 8 per cent, inclusive .................. 9.89 11.35 12.32 15.76 20.23 19.97 
HOvenGipericenttan.:::sssssadseuesssaciscscosces 96.09 96.47 95.87 94,88 96.89 96.85 
Over 8 per cent.... : 89.08 88.25 85.66 83.37 79.33 79.50 
Over 10 per CeNt........,..ccsesececeeseeeerees 64.45 56.42 50.62 42.77 27.55 25.71 


| Over 12 IDOIZCOM Use tencenstereaccasescssesesneadas 16.69 9.25 21.39 13.05 9.11 5.48 


Rates higher than 10 per cent are paid by 64.45 per cent of the farm debtor families on 56.42 per cent of the 
farm debt, by 50.62 per cent of the home debtor families on 42.77 per cent of the home debt, and in the 2 cities by 
27.55 per cent of the home debtor families on 25.71 per cent of the home debt. 

In the state rates higher than 8 per cent are paid by 89.08 per cent of the farm debtor families on 88.25 per 
cent of the farm debt, by 85.66 per cent of the home debtor families on 83.37 per cent of the home debt, and in the 
2 cities by 79.33 per cent of the home families on 79.50 per cent of the home debt. The highest rate reported is 
60 per cent, which is paid by 3 families on a debt of $225. 

The rate of interest has never been limited in Montana, except that national banks have been limited to 7 per 
cent by the national currency act of 1864. 

INTEREST CHARGE AND AVERAGE RATES OF INTEREST.—Table 9 contains a statement of the interest charge on 
the farms and homes of Montana that are occupied by owners and incumbered, and Table 10 contains the 
corresponding facts for the homes of the 2 cities. The total interest charge for 1 year on the debt incumbering 
the owned farms of the state is $169,877; on the homes, $162,428; total, $332,305. 

The average interest charge for 1 year on each farm is $195; home, $143; on each home in the 2 cities, $175. 

On farm loans the average rate of interest is 10.97 per cent; on home loans, 10.97 per cent; on home loans in 
the 2 cities, 10.20 per cent. Hence the average annual interest value of each owned and incumbered farm in this 
state is $617; of each home, $396; of each home in the 2 cities, $460. 

Outside of the 2 cities the average annual interest charge on each home is $122; average rate, 11.82 per cent; 
average annual interest value, $358. 

OBJECTS OF INDEBTEDNESS.—Investigation of the reasons why farm and home indebtedness was incurred 
discloses the fact that 47.64 per cent of the farm debtor families of the state incurred 47.77 per cent of the farm 
debt, for the purpose of buying real estate and making real estate improvements when these objects were not 
associated with other objects, and that fur the same objects, in the case of homes, $70.07 per cent of the home 
debtor families incurred 68.30 per cent of the home debt, in the 2 cities that 80.89 per cent of the home debtor 
families incurred 79.61 per cent of the home debt. 

The objects of real estate purchase and improvements, business and the purchase of personal property, when 
not complicated with other objects, led 70.54 per cent of the farm debtor families of the state to incur 77.01 per 


32—2 


6 FARMS, HOMES, AND MORTGAGES. 


cent of the farm debt, 87.32 per cent of the home debtor families to incur 88.95 per cent of the home debt, and 
92.44 per cent of the home debtor families in the 2 cities to incur 92.68 per cent of the home debt. 

Farm and family expenses, standing alone, are represented by 8.28 per cent of the farm debtor families of the 
state and 5.25 per cent of the farm debt, family expenses by 5.46 per cent of the home debtor families and 3.38 per 
cent of the home debt, family expenses in the 2 cities by 2.67 per cent of the home debtor families and 2.93 per 


cent of the home debt. 


TABLE 1.—NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED 
FARMS, BY COUNTIES. 

| PERCENTAGE oF 

POST VAES O FAMILIES OWNING 

PERCENTAGE OF FAMILIES OWNING || Jon AND INCUM- 

OWNTNG. FAMILIES OWNING FREE AND INCUM- a) Oe EO. 

AND HIRING. ERED OR TORAH |i ctor cl een ere 
COUNTIES. Aggregate. Hiring. OUASESIE NESTS | FAMILIES. 
Total. Free. eae Owning. Hiring. | Free. eer | Free. baie 
- — — — — — — —— — - — — — ——||—— —- = 

The State..... 6,441 5,578 4,709 869 863 86.60 13.40 | 84.42 15.58 dooLl | 13.49 
Beaverhead..................--ssere0- s.+ 377 328 | 288 40 49 87.00 13.00 87.80 12.20 76.39 10.61 
Cascade ..... 382 || 362 321 41 20 94.76 5.24 88.67 11.33 84.03 10.73 
Choteau.. 422 333 314 19 89 78.91 21.09 94°29) 5.71 74.41 4.50 
Custer. 380 314 289 25 66 82.63 17.37 92.04 7.96 76.05 6.58 
Dawson..... 117 |} 70 64 47 59.83 40.17 91.43 8.57 54.70 5.13 
Deerlodge.... 563 513 460 53 50 91.12 8.88 89.67 10.33 8L.71 9.4L 
Fergus ... 439 419 354 65 20 95.44 4.56 84.49 | 15.51 | 80.64 14.80 
Gallatin . 687 577 403 174 110 83.99 | 16.01 69.84 | 30.16 58.66 25.33 
Jefferson 263 177 ‘| 152 25 26 87.19 12.81 85.88 | 14.12 74.88 12.31 
Lewis and Clarke. 356 289 | 253 36 67 81.18 18.82 87.54 | 12.46 71.07 10.11 
Madison 436 390 3804 86 46 | 89.45 10.55 77.95 22.05 69.73 19.72 
Meagher. 365 294 216 7 71 80.55 19.45 73.47 | 26.53 59.18 21.37 
Missoula... 948 73 729 144 75 92.09 | 7.91 83.51 | 16.49 76.90 15.19 
452 | 394 363 3l 58 87.17 12.83 92.13 | 7.87 80.31 6.86 
Silverbow.... 103 69 65 4 34 66.99 33.01 94.20 5.80 63.11 3.88 


SVCHOWSUON Crrecccnceceversnnstnes=ceeden: 211 176 134 42 35 || 83.41 | 16.59 | 76.14 | 23.86 63.51 19.90 


TABLE 2.—NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED 
HOMES, BY COUNTIES. 


PERCENTAGE OF 


PE OINTLENC ZO FAMILIES OWNING 


one, en Gaeta a ti aay meine Pa eee 
| AND HIRING. BERED OF TOTAL BERED. OF po 
OWNING AND HIRING 
COUNTIES. Aggregate. | Hiring. ONAN GAS aa FAMILIES. 
Total. | Free. pens | Owning. | Hiring. Free. Te Free. es 
The State.. 21,060 9,203 | 8,067 1,136 || 11,857 | 43.70 | 56.30 87.66 12.34 | 38.31 5.39 
S| SS | = |= — | —-—-—— a = = — 
826 | 381 | 337 44 445, 46.13 53.87 88.45 | 11.55 | 40.80 5.33 
1,132 | 408 | 385 23 | 724 | 36.04 | 63.96 94.36 5.64 | 34.01 2.03 
495 | 202 | 184 18 | 293 40.81 | 59.19 91.09 8.91 Bialz 3.64 
763 403 | 363 40 360 52.82 | 47.18 90.07 9.93 47.58 5.24 
Dawson. “s 330 123 | 115 8 207 37.27 | 62.78 93.50 6.50 34.85 2.42 
Meerlodse cree 2,658 1,023 | 883 140 1,635 38.49 | 61.51 86.31 13.69 33.22 5.27 
Fergus... 462 184 160 24 | 278 39.83 | 60.17 86.96 13.04 || 84.68 | 5.20 
Gallatin 660 251 213 38 | 409 88.03 61.97 84.86 15.14 82.27 5.7 
Jefferson 998 582 540 42 416 58.32 | 41.68 92.78 7.22 54.11 4.21 
Lewis and Clarke 3,515 1,437 1,055 382 2,078 40.88 | 59.12 73.42 26.58 || 30.01 | 10.87 
Madison.........2--- | 739 499 |) 449 50 240 67.52 32.48 89.98 10.02 60.76 | 6.7 
Meagher..........-. 996 432, || 403 29 564 43.37 56.63 93.29 6.71 40.46 2.91 
Missoula... 1,737 976 904 72 | 761 56.19 43.81 2.62 7.88 52.04 4.15 
Park... | 934 446 409 | 37 488 47.75 52.25 91.70 8.30 43.79 3.96 
Silverbow. 4,450 1,691 1,549 | 142 2,759 38.00 62.00 91.60 8.40 34.81 3.19 


BYE]LOWSCON Cr sressceeaseoceclesssnssceree 365 165 118 47 200 45.21 54.79 71.52 28.48 32.33 12.88 


P| 


OWNERSHIP AND DEBT IN MONTANA. 


TABLE 3.—NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED 
HOMES, BY CITIES OF 8,000 TO 100,000 PEOPLE. 


PERCENTAGE OF 


PERCENTAGE O 
WY FAMILIES OWNING 


PERCENTAGE OF FAMILIES OWNING 
OWNING. FAMILIES OWNING FREE AND INCUM- eee ns 
AND HIRING. BERED OF TOTAL Feu Terk 
a TT a 

CITIES. Aggregate. Hiring. ONSWUSIES EVN TET 038, HIRING FAMILIES. 

| Incum- 4 te 2 Incum- Incum- 

Total. 1m || sea Owning. Hiring. Hine ore |e asa Free. ered 
AIOE comencnounqnancococoncocsianoose— eq 4,690 | 1,487 1,037 450 3,203 31.71 68.29 69.74 30.26 22.11 9.60 
Butte city, Silverbow county ........ 1,966 499 422 77 1,467 25.38 74.62 84.57 15.48 21.46 3.92 
Helena, Lewis and Clarke county... 2,724 988 | 615 373 1,736 36.27 63.73 62.25 37.75 22.58 | 13.69 


TABLE 4.—VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED, AND AMOUNT AND PERCENTAGE 
OF INCUMBRANCE THEREON, BY COUNTIES. 
TOTAL. FOR FARMS. FOR HOMES. 
Number Number Number 
COUNTIES. of fami- Percent-| of fami- | Percent-| of fami- Percent- 
Mes Incum- | 28° a kes | Ineum- poe Os dice Incum- | nes: oh 
owning Value. brance, |, cum: || owning Value. | praia: incum- | owning Value. Reames ineum- 
with in- brance of | with in- brance of | with in- * | brance of 
cum- value, cum- | value. eum- value. 
brance. brance. | brance. 
The State...........cceccceceeseeees| 2,005 ($8,990,807 $3,028,973 33.69 869 $4,887,335 ($1,548,816 | 31.69 1,186 $4,102,972 $1,480,157 36.08 
= SSS SSeS | ree = SSS SSS SSS SSS | SSS SS SS {= = == = = ee = 
Beaverhead..........ccccscsccesssrsereeeess 84 | 442,804 146 547 33.10 40 212,520 86,715 | 40.80 44 230,284 59,832 | 25.98 
Cascade... | 64 263,910 79,712 30.20 | 41 201 ,500 69,562 | 34.52 23 62,410 10,150 16.26 
Choteau... } 37 114,350 54,672 47.81 || 19 69,950 28,783 | 41.15 18 44,400 25,889 58.31 
(CLRETIOY? ccozccanccosnocconnanoconsasereassicasce|| 65 | 132,756 39,314 29.61 | 25 72,436 12,846 17.73 40 60,320 26 468 43.88 
Dawson..... 14 14,350 5,963 41.55 | 6 10,150 4,300 42.36 8 4,200 1,663 39.60 
Deerlodge. 193 827,531 258,151 31.20 | 53 372,922 102,591 | 27.51 140 454,609 155 ,560 34,22 
Fergus.... 89 427 443 123 , 252 28.83 65 346 ,369 94,815 | 27.37 24 81,074 28 437 35.08 
Gallatin... 212 1,603,646 457 ,008 28.50 | 174 =1,498,086 413,215 27.58 38 105,560 43,793 | 41.49 
Jefferson ... 67 238,263 84,316 35.39 25 99 325 41,784 42.07 42 138 ,938 42,532 30.61 
Lewis and Clarke 418 1,972,521 696 802 35.33 36 287 ,292 68,149 23.72 382 | 1,685,229 | 628,653 | 37.30 
Madison.. 136 548 ,408 222,297 40.53 86 415,995 161,671 38.86 50 132,413 | 60,626 | 45.79 
Meaghev.... 107 784,560 304,766 | 38.85 78 670,560 260,576 | 38.86 29 114,000 | 44,190 38.76 
Missoula. 216 628 , 403 200 , 254 31.87 144 403 ,077 121,697 30.19 72 225,326 | 78,557 34.86 
Park....... cco 68 213,350 72,209 33.85 |) 31 65, 153 29,662 | 45.53 387 | 148,197 | 42,547 28.71 
ISU VLD ONWscnesesevccsecssreceersserivescccees 146 | 559,304 213,731 88.21 4 28,000 14,000 50.00 142 531,304 199,731 | 37.59 
VC llOWStON Clecccenteccateceoecesceesee=ees| 89 218,708 69,979 32.00 42 184,000 38,450 | 28.69 | 47 | 84,708 31,529 | 37.22 


TABLE 5.—VALUE OF HOMES OCCUPIED BY OWNERS AND INCUMBERED AND 
AMOUNT AND PERCENTAGE OF INCUMBRANCE THEREON, BY CITIES OF 
8,000 TO 100,000 PEOPLE. 


Number P ti 
of families I ib ae age 
CITIES. owning | Value. ape oe ae 
Prithiincdane rance. pane ° 
brance. WEE 
| 
ee a ee re — — ites 
To bale toe te ere een 1 Neath 450 | $2,027,531 | $771,606 38.06 | 
Butte city, Silverbow county...... ae | 418,052 | 158,519 87.92 | 
Helena, Lewis and Clarke county ... 373 1,609 ,479 613,087 38.09 | 


8 FARMS, HOMES, AND MORTGAGES. 


Tape 6.—STATE SUMMARY OF NUMBER OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES 
AND THE VALUE THEREOF AND THE INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF VALUE 
AND OF INCUMBRANCE. 


TOTAL. FOR FARMS. FOR HOMES. 
For value. For incumbrance. For value. For incumbrance. For value. For ineumbrance. 
CLASSIFICATION OF AMOUNTS. 
Number Number Number Number Number Number 
of Amount. of Amount. of Amount. of Amount. of Amount. of Amount. 
families. families. families. families. families. families. 

The State............-.--2-----200- 2,005 $8,990,307 2,005 $3,028,973 869 $1,548,816 1,186 $4,102,972 1,136 $1,480,157 
Under $500......-.-..-+ 58 15,534 483 127 ,667 10 2,245 160 47,460 48 13,289 323 80,207 
$500 and under $1,000... 181 122,782 530 345 007 30 22,143 225 147,776 151 100 ,639 305 197 ,231 
$1,000 and under $1,500... 238 268 598 340 379,615 72 80,616 158 176 ,096 166 187 ,982 182 203,519 
$1,500 and under $2,000... 210 332,771 190 309 309 100 157 , 147 80 131,610 110 175 623 110 177 ,699 
$2,000 and under $2,500 ... 179 366,448 124 265,395 | 17 158,993 62 131,120 102 207 455 62 134,275 
$2,500 and under $3,000... 160 406 ,300 83 211,479 64 163,218 35 87 ,266 96 243 ,082 48 124,213 
$3,000 and under $,000 ... 257 819,709 105 345,486 107 335,399 68 225 821 150 484,310 37 119,665 
$4,000 and under $5,000 158 655 031 57 240,105 95 392,741 29 120 ,323 63 262,290 28 119,782 
$5,000 and under $7,000 ... 244 1,354,724 52 285 ,870 134 748,216 29 186 ,304 110 606 ,508 23 129 566 
$7,000 and under $10,000... 119 936 ,210 20 156 ,240 64 497 ,418 11 86,740 55 438,792 o 69,500 
$10,000 and under $25,000 .. 167 =. 2,133,867 19 254,800 95 1,239,532 10 130,300 7 896 335 | 9 124,500 
$25,000 and ovet...........---.+---------- 384 1,576,334 2 108 ,000 21 1,089,667 2 108 ,000 13 486 ,667 Nee aa 


TABLE 7.—SUMMARY OF NUMBER OF FAMILIES OCCUPYING OWNED 
AND INCUMBERED HOMES AND THE VALUE THEREOF AND THE 
INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF 
VALUE AND OF INCUMBRANCE; TOTAL FOR CITIES OF 8,000 TO 
100,060 PEOPLE. 


FOR VALUE. FOR INCUMBRANCE. 
CLASSIFICATION OF AMOUNTS. 
Number Number 
of Amount. of Amount. 
families. families. 
AO tal eee one ea ere eta SO min? 0272531 450 $771,606 
LONG yee enoncrescecsccencencces sndoceeco snes 2 575 59 17,498 
$500 and under $1,000 17 10,865 99 65,991 
$1,000 and under $1,500... 57,227 96 109 554 
$1,500 and under $2,000... 53,390 71 115,268 
$2,000 and under $2,500... 101,555 40 86,458 
$2,500 and under $3,000. 105 875 26 66,863 
$3,000 and under $4,000... 287 ,042 20 64,192 
$4,000 and under $5,000.............. 188,750 20 85 , 282 
$5,000 and under $7,000 257 ,458 10 57,000 
$7,000 and under $10,000 .... 214,667 3 23,000 
$10,000 and under $25,000 483,460 6 80,500 


$25,000 and over 


7 266 ,667 


OWNERSHIP AND DEBT IN MONTANA. 9 


TABLE S8.—SUMMARY OF NUMBER OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND 
OF THE INCUMBRANCE THEREON, BY RATES OF INTEREST. 


Rates of interest represented by mixed numbers are combined into groups; for instance, rates represented by ‘‘1-2”’ per cent include ail rates greater than 1 per 
I 
cent and less than 2 per cent.]} 


FOR HOMES IN CITIES OF 


TOTAL. FOR FARMS. | FOR HOMES. 8,000 To 100,000 PEOPLE, 
RATES OF INTEREST. ae Ve ae * aa 
| Number | Number Number Number 
of Inecumbrance. of Incumbrance. of Incumbrance. of Incumbrance, 
families. families. families. families. 
The State... 2,005 | $3 ,028 978 $1,548,816 1,136 $1,480,157 450 : $771,606 
22 11,212 5 4,144 17 
5 2,300 2) 800 3 
3 1,775 1 | 500 2 
2 3,750 1 750 1 
49 111,340 25 ~ 48,402 24 
3 2,673 1 675 2 eeconad toc 
54 91,914 36 71,763 18 20,151 3 4,382 
120 203,209 24 54,985 96 148 ,224 76 129,470 
16 40,008 4 16,611 12 23,397 12 23,397 
24 41,624 7 12,138 17/ 29,486 10 25,390 
23 76,322 8 38,426 15 37 ,896 il 26 ,325, 
549 935 ,998 195 425 ,869 354 510,129 200 339 , 888 
15 35,486 10 28,024 5 7,462 4 6,062 
18 39,217 14 32,038 4 7,179 3 6,479 
12 27,977 7 18,579 5 9,398 3 3,775 
702 1,067,709 384 651,879 318 415,830 73 139,798 
25 29,436 10 16,458 15 12,978 
5 5,041 2 2,300 3 2,741 
9 11,657 6 9,902 3 1,755 
1 600 1 600) |... aor |e500 
6 18,398 | 4 9,398 2 9,000 
149 126 ,501 } 88 70,556 61 55,945 
6 3,429 2 1,101 | 4 2,328 
TEES) | Fnosdascooncerceea hoe cpaBnSoscea0asdans 3 1,850 
1 STAG CO eet ere eee 1 | L500 invest eee | pices sees ences 
146 119,881 30 31,918 116 | 87,963 23 26 392 
26 10,907 2 1,000 24 9,907 an atte) 7/ 
1 200 al| 200 
1 630 1 | 630 |. oy 
1 600 1 | GOO Ea ae tenere anes eee ae 
1 270 1 270 1 | 270 
4 5,334 4 | BESSA ull eins cces tien | overtone lat 
3 225 3) | PB | coetsecnccnenoeey -ocoacnssesasepooo=banon 


10 


FARMS, HOMES, AND MORTGAGES. 


TapLE 9.—AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST 
CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED, 


BY COUNTIES. 


COUNTIES. 


Mel tale recrsssavarnesstirengs 


Beaverhead . 


Cascade 


Choteau . 


Custer . 

Dawson. 
Deerlodge. 
Fergus 
CEE TD ETS ic naccenncoscectcomocceecieace ienocece 
Jefferson 
Lewis and Clarke... 


Madison 
Meagher ... 
Missoula .. 
Parkieessicrcce 
Silverbow . 
Yellowstone .. 


AVERAGE VALUE OF 
EACH INCUMBERED— 


AVERAGE INCUM- 
BRANCE ON EACH— 


TOTAL ANNUAL INTEREST 
CHARGE— 


AVERAGE ANNUAL 
INTEREST CHARGE ON 


AVERAGE ANNUAL 
RATE OF INTEREST— 


EACH— 
Total. Farm. Home.} Total. Farm. Home. Total. fd Or. Total. | Farm. Home.]| Total. | bok Fetes. 
ie: a5 |e Sey te e | SaaS Ee 
$4,484 | $5,624 $3,612 | $1,511 | $1,782 | $1,305 $332,305 | $169,877 | $162,428 $166 $195 $143 10.97 10.97 | 10.97 
5,271 5,313) 5,284] 1,745 2,168 | 1,360 16,281 9,372 6,859 193 234 156 11.08 10.81) 11.46 
4,124 4,915 2,713] 1,246 1,697 441 9,257 8,086 1,171 145 197 51 11.61 || 11.62) 11.54 
3,091 3,682 | 2,467] 1,478 1,515 1,438 6,057 2,995 3,062 164 158 170 11.08 10.41) 11.83 
2,042 | 2,897 1,508 605 514 662 4,344 1,428 2,916 67 | 57 | 73 | 11.05 | 11.12} 11.02 
1,025 1,692 525 426 T17 208 739 530 209 53 88 26 12.39 | 12.33 12.57 
4,288 7,036 | 3,247] 1,338 1,936 | 1,111 30,706 11,035 19,671 159 208 141 11.89 | 10.76 12.65 
4,803 5,329 | 3,378} 1,385 1,459 | 1,185 14,227 10,826 3,401 160 167 142 11.54 11.42 11.96 
7,564 || §,610| 2,778} 2,156 | 2,375) 1,152 49,613 44,800 4,813 234 257 127 | 10.86 | 10.84/ 10.99 
3,506 3,973 3,308] 1,258 1,671 | 1,018 9,888 4,582 5,306 148 183 126 11.73 10.97 | 12.48 
4,719 7,980 4,412} 1,667 1,893 1,646 66,780 6,996 59,784 160 194 157 9.58 10.27 | 9.51 
4,032 4,837 | 2,648] 1,635 1,880 | 1,213 25,807 18,618 7,189 190 216 144 11.61 11.52 11.86 
7,332 8,597 | 3,931] 2,848 3,341 | 1,524 33 ,296 28 ,075 5,221 311 360 180 10.93 | 10.77) 11.81 
2,909 2,799 | 3,130 927, 845 1,091 22,256 || 14,33] 7,925 103 100 110 | 11.11 11.78 10.09 
3,138 2,102 | 4,005} 1,062 957 | 1,150 7,616 | 2,806 4,810 112 91 130 10.55 9.46 11.31 
3,831 7,000 | 3,742] 1,464 3,500 1,407 28 249 | 1,400 26,849 193 | 350 189 13.22 i 10.00 13.44 
2,457 3,190 | 1,802 786 915 | 71 7,239 3,997 3,242 81 | 95 69 10.34 | 10.40 10.28 


TABLE 10.—AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, 
ANNUAL INTEREST CHARGE, AND ANNUAL RATE OF INTEREST FOR HOMES OCCUPIED 
BY OWNERS AND INCUMBERED, BY CITIES OF 8,000 TO 100,000 PEOPLE. 


Butte city, Silverbow county 
Helena, Lewis and Clarke county. 


CITIES. 


Average Average Average iAwer 
value of incum- Total an- | annual Sey 
each in- brance nual inter-| interest Bee 
cumbered oneach est charge. chargeon . ue 2 
home. home. each home.| 1=terest. | 
| 
Zs pase = ee eee oe | 
pooroctacgoncancosonseed $4,506 $1,715 $78 ,690 $175 10.20 | 
a eS ae [En RE 
5,429 2,059 20,366 | 264 | 12.85 | 
4,315 1,644 58 324 156 9.51 | 


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