(navigation image)
Home American Libraries | Canadian Libraries | Universal Library | Community Texts | Project Gutenberg | Children's Library | Biodiversity Heritage Library | Additional Collections
Search: Advanced Search
Anonymous User (login or join us)
Upload
See other formats

Full text of "Extra census bulletin"

.1 

y 



*HA20I . IB90.A2 



cM> ..: .:_ 



Apr. 1892 
ja. IS94 




. 









\ 



il 



1 



Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



http://www.archive.org/details/extracensusbulle32unit 



Extra Census Bulletin. 



No. 32. WASHINGTON, D. c. March 7, 1893. 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN MONTANA. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 

Washington, D. O, March 1, 1893. 
Sik : 

The leading results of the investigation of farm aud 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 1 5.58 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, aud 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 S7.66 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 Secretary of the Interior. 

c. o. P.— 3,500 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN MONTANA. 



BY GEORGE K. HOLMES AXD 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. 



COUNTIES. 


Number 

of 
owned 
farms, 
1880. 


Number 
of farm 
owning 
families, 
1890. 


Number 

of 

hired 

farms, 

1880. 


Number 
of farm 
hiring 
families, 
1890. 


PerceDt- 
age of 
owned 

1880. ' 


Percent- 
age of 

farm 
owning 
families, 

1890. 


Percent- 
age of 
hired 
farms, 

1880. 


Percent- 
age of 
farm 
hiring 
families, 
1890. 




1,439 


5,578 


80 


863 


94.73 


86.60 


5.27 


13.40 




82 


328 
362 
333 




49 
20 
89 


100.00 


87.00 
94.76 
78.91 




13.00 
5.24 
21.09 










80 


4 


95.24 


4.76 




153 


314 


1 


66 


99.35 


82.63 


0.65 


17.37 






70 
513 
419 
577 




47 
50 
20 
110 




59.83 
91.12 
95.44 
83.99 




40.17 
8.88 
4.56 

16.01 


Deerlodge 


133 


3 


97.79 


2.21 




153 


22 


87.43 


12.57 




82 


177 


2 


26 


97.62 


87.19 


2.38 


12.81 


Lewis and Clarke 


168 


289 


10 


67 


94.38 


81.18 


5.62 


18.82 




233 


390 


16 


46 


93.57 


89.45 


6.43 


10.55 




148 


294 


18 


71 


89.16 


80.55 


10.84 


19.45 


Park 


207 


873 


4 


75 


98.10 


92.09 
87.17 


1.90 


7.91 
12.83 




69 
176 




34 
35 




66.99 
83.41 




33.01 
16.59 

















Home 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 



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 incumbrance. 
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 
incumbrance, and 42.95 own free of incumbrance. 

Value and incumbrance. — Liens amounting to 83,028,973 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. 








FOR HOMES IN C[TIES OF E 
100,000 PEOPLE. 


,000 TO 






For farms. 






For homes. 






CLASSIFICATION OF AMOUNTS. 


For value. 


For incumbrance. 


For a 


alue. 


For incumbrance. 


For value. 


For incu 


nbrance. 


, 


For 
number 

of 
families. 


For 
amount. 


For 
number 

of 
families. 


For 
amount. 


For 
number 

of 
families. 


For 
amount. 


For 
number 

of 
families. 


For 
amount. 


For 
number 

of 
families. 


For 
amount 


For 
number 

of 
families. 


For 
amount. 


Under $300 


1.15 

4.60 
3.45 
28.65 
30.61 
22.79 
36.14 
13.35 
2.42 


0.05 
0.50 
0.45 
8.12 
18.24 
25.49 
73.14 
47.65 
22.29 


18.41 
44.30 
25.89 
34.52 
15.19 
4.61 
5.99 
1.38 
0.23 


3.07 
12.61 

9.54 
28.33 
27.99 
15.69 
31.07 
15.38 

6.97 


4.23 
17.52 
13.29 
33.28 
27.20 
14.52 
22.00 
7.48 
1.14 


0.32 
2.77 
2.45 
13.92 
24.12 
25.48 
59.19 
33.71 
11.86 


28.43 
55.28 
26.85 
31.16 
9.95 
2.82 
3.61 
0.79 


5.42 
18.74 
13.32 
34.83 
24.57 
13.45 
21.86 

S.41 


0.44 
4.22 
3.78 
29.56 
38.89 
16.44 
27.33 
10.89 
1.56 


0.03 
0.57 
0.54 
10.46 
28.69 
23.29 
60.28 
36.99 
13.15 


13.11 
35.11 
22.00 
46.00 
14.67 
2.89 
4.22 
1.33 


2.27 
10.82 




8.55 




40.34 




28.04 




10.37 




20.80 




10.43 












J 






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. 



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 percent 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. 



RATES OF INTEREST. 



For 
families. 



For 
number of 
families. 



Under 6 per cent 1 .03 

6 per cent 2.88 

7 per cent 4.14 

8 per eent 2.76 

6 to 8 percent, inclusive 9.89 

Over 6 per cent 96.09 

Over 8 per cent 89.08 

Over 10 per cent 64.45 

Over 12 per cent 16.69 



0.40 
3.13 
4.63 
3.55 
11.35 
96.47 
88.25 
56.42 
9.25 



2.02 
2.11 
1.58 
8.45 
12.32 
95.87 
85.66 
50.62 
21.39 



0.87 
4.25 
1.36 
10.01 
15.76 
94.88 
83.37 
42.77 
13.05 



FOR HOMES IN 

CITIES OF 8,000 TO 

100,000 PEOPLE. 



For 
lumber of 


For 


families. 




0.44 


0.53 


2.67 


2.62 


0.67 


0.57 


16.89 


16.78 


20.23 


19.97 


96.89 


96.85 


79.33 


79.50 


27.55 


25.71 


9.11 


5.48 



Eates 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 for 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 CO UK TIES. 



The State 6,441 

Beaverhead 377 

Cascade 382 

Choteau 422 

Custer. 380 

Dawson 117 

Deerlodge 563 

Fergus 439 

Gallatin 687 

Jefferson 203 

Lewis and Clarke 356 

Madison 436 

Meagher 365 

Missoula 948 

Park 452 

Silverbow 103 

Yellowstone 211 



PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 



Owning. Hiring. 



86.60 



87.00 
94.76 
78.91 
82.63 
59.83 
91.12 
95.44 
83.99 
87.19 
81.18 
89.45 
80.55 
92.09 
87.17 
66.99 
83.41 



13.40 



13.00 
5.24 
21.09 
17.37 
40.17 



4.56 

16.01 
12.81 
18.82 
10.55 
19.45 
7.91 
12.83 
33.01 
16.59 



I'ERCFKTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING FAMILIES. 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING AND HIRING 
FAMILIES. 



12.20 
11.33 
5.71 
7.96 
8.57 
10.33 
15.51 
30.16 
14.12 
12.46 
22.05 
26.53 
16.49 
7.87 
5.80 
23.86 



10.61 
10.73 
4.50 
6.58 
5.13 
9.41 
14.80 
25.33 
12.31 
10.11 
19.72 
21.37 
15.19 
6.86 



Table 2.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED 

HOMES, BY COUNTIES. 



COUNTIES. 



The State.. 



Beaverhead 

Cascade 

Choteau 

Custer 

Dawson 

Deerlodge 

Fergus 

Gallatin 

Jefferson 

Lewis and Clarke 

Madison 

Meagher 

Missoula 

Park 

Silverbow 

Yellowstone 



Incum- 
bered. 



PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 



43.70 



46.13 
36.04 
40.81 
52.82 
37.27 
38.49 
39.83 
38.03 
58.32 
40.88 
67.52 
43.37 
56.19 
47.75 
38.00 
45.21 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OK TOTAL 
OWNING FAMILIES. 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING AND HIRING 
FAMILIES. 



Hiring. 



56.30 



53.87 
63.96 
59.19 
47.18 
62.73 
61.51 
60.17 
61.97 
41.68 
59.12 
32.48 
56.63 
43.81 
52.25 
62.00 
54.79 



Incum- 
bered. 



11.55 
5.64 
8.91 



10.02 
6.71 
7.38 



40.80 
34.01 
37.17 



6.50 


34.85 


13.69 


33.22 


13.04 


34.63 


15.14 


32.27 


7.22 


54.11 


26.58 


30.01 



40.46 
52.04 



34.81 
32.33 



5.39 

5.33 
2.03 
3.04 
5.24 
2.42 
5.27 
5.20 
5.76 
4.21 

10.87 
6.76 
2.91 
4.15 
3.96 
3.19 

12.88 



OWNERSHIP AND DEBT IN MONTANA. 7 

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. 



Total. Free. 



Butte city, Silverbow county 

Helena, Lewis and Clarke county. 



1,966 
2,724 



Incum- 
bered. 



1,467 
1,736 



PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 



Owning. : Hiring. 



74.62 
63.73 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING FAMILIES. 



84.57 
62.25 



Incum- 
bered. 



15.43 
37.75 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 

OWNING AND 
HIRING FAMILIES. 



Incum- 
bered. 



21.46 
22.58 



3.92 
13.69 



Table 4.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED, AND AMOUNT AND PERCENTAGE 

OF INCUMBRANCE THEREON, BY COUNTIES. 



FOR FARMS. 



FOR HOMES. 



Number 
of fami- 
lies 



The State.... 

Beaverhead 

Cascade 

Choteau 

Custer 

Dawson 

Deerlodge 

Fergus 

Gallatin 

Jefferson 

Lewis and Clarke 

Madison 

Meagher 

Missoula 

Park 

Silverbow 

Yellowstone 



Number 
Percent- of fami- 
age of lies 



2,005 $8,990,307 $3,028,973 



193 827,531 

89 427,443 

212 1,603,616 

67 238,263 

418 1,972,521 



146,547 
79,712 
54,672 
39,314 
5,963 
258,151 
123,252 
457,008 
84,316 
696,802 
222,297 
304,766 
200,254 
72,209 
213,731 
69,979 



33.69 



33.10 
30.20 
47.81 
29.61 
41.55 
31.20 
28.83 
28.50 
35.39 
35.33 
40.53 
38.85 
31.87 
33.85 



869 ;$4,887,335 



212,520 
201,500 
69,950 
72,436 
10,150 
372,922 
346,369 
1,498,086 
99,325 
287,292 
415,995 
670,560 
403,077 
65,153 
28,000 



..vis, sir, 



86,715 
69,562 
28,783 
12,846 
4,300 
102,591 
94,815 
413,215 
41,784 
68,149 
161,671 
260,576 
121,697 
29,662 
14,000 
38,450 



Number 
Percent- of fami- 
age of ' lies 
incum- j 1 owning 
branceof with in- 
value. i cum- 
brance. 



31.69 



40.80 
34.52 
41.15 
17.73 
42.36 
27.51 
27.37 
27.58 
42.07 
23.72 
38.86 
38.86 
30.19 
45.53 
50.00 
28.69 



1,136 $4,102,972 $1,480,157 



230,281 

62,410 

44,400 

60,320 

4,200 

454,609 

81,074 

105,560 

138.938 

1,685,229 

132,413 

114,000 

225,326 

148,197 

531,304 

81,708 



59,832 
10,150 
25,889 
26,468 
1,663 

155,560 
28,437 
43,793 
42,532 

628,653 
60,626 
44,190 
78,557 
42,547 

199,731 
31,529 



Percent- 
age of 
incum- 
brance of 
value. 



25.98 
16.26 
58.31 
43.88 
39.60 
34.22 
35.08 
41.49 
30.61 
37.30 
45.79 



37.59 
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 
of families 
cities. owning 

brance. 


Value. 


Incum- 
brance. 


Percentage 
of incum- 
brance of 
value. 


Total 450 


$2,027,531 


$771,606 


38.06 


Butte city, Silverbow county 77 

Helena, Lewis and Clarke county 373 


418,052 
1,609,479 


158,519 37.92 
613,087 38.09 






8 FARMS, HOMES, AND MORTGAGES. 

Table 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. 



FOE HOMES. 



CLASSIFICATION OF AMOUN 1 



For incumbrance. 



For incumbrance. 



For incumbrance. 




Number Number Number Number Number Number 

Amount. of Amount. of Amount, of Amount. of Amount. of 

families. families. families. families. families. families. 



The State 

Under S500 

$500 and under 51,000 

81,000 and under Sl,500 ... 
$1,500 and under $2,000... 
$2,000 and under $2,500 ... 
$2,500 and under $3,000 ... 
$3,000 and under $4,000 ... 
$4,000 and under $5,000... 
$5,000 and under $7,000 ... 
$7,000 and under $10,000.. 
$10,000 and under $25,000 
$25,000 and over 





2,005 


$8,990,307 


2,005 


$3,028,973 


869 


S4,S87,335 


869 


$1,548,816 


1,136 


$4,102,972 


1,136 


$1,480,157 








58 
181 
238 
210 


15,534 

122,782 

268,598 

332,770 

366,448 

406,300 

819,709 

655,031 

1,354,724 

936,210 

2,135,867 

1,576,334 


483 
530 
340 
190 
124 
83 
105 

52 
20 
19 


127,667 
315,007 
379,615 
309,309 
265,395 
211,479 
345,486 
240,105 
285,870 
156,240 
254,800 
108,000 


10 
30 

100 

64 
107 
95 
134 
64 
95 
21 


2,245 
22,143 
80,616 
157,147 
158,993 
163,218 
335,399 
392,741 
748,216 
497,418 
1,239,532 
1,089,667 


160 
225 
158 
SO 
62 
35 
68 
29 
29 
11 
10 


47,460 
147,776 
176.096 
131,610 
131 ,120 

87,266 
225,821 
120,323 
156,304 

86,740 
130,300 
108,000 


48 
151 
166 
110 
102 

96 
150 

63 
110 

55 

13 


13,289 
100,639 
187,982 
175,623 
207,455 
243,082 
484,310 
262,290 
606,508 
438,792 
896,335 
486,667 


323 

305 
1S2 
110 
62 
48 
37 
28 
23 

: 


80,207 




197,231 




203,519 




177,699 




134,275 




160 

158 
244 
119 
167 
31 


124,213 




119,665 




119,782 




129,566 




69,500 




124,500 











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 
lOO.OCO PEOPLE. 



FOR VALUE. 



FOR INCUMBRANCE. 



CLASSIFICATION OF AMOUNTS. 



Number 

of 
families. 



Number 

of 
families. 



Total 

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 

$3,000 and under $4,000 

$4,000 and under $5,000 

$5,000 and under $7,000 

$7,000 and under $10,000 ... 
$10,000 and under $25,000.. 
$25,000 and over 



57,227 
53,390 
101,555 
105.875 
287,042 
188,750 
257,458 
214,667 
483,460 
266,667 



$771,606 

17,498 
65,991 
109,554 
115,268 
86,458 
66,863 
64,192 
85,282 
57,000 
23,000 
80,500 



OWNERSHIP AND DEBT IN MONTANA. 



Table 8.— 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 51 per cent include ail rates greater than 1 per 

cent and less than 2 per cent.] 



KATES OF 























60 


...do 



Incumbrance. 



FOB FARMS. 



Incumbrance. 



$3,028,973 



11,212 

2,300 

1,775 

3,750 

111,340 

2,673 

91,914 

203,209 

40,008 

41,624 

76,322 

935,998 

35,486 

39,217 

27,977 

1,067,709 

29,436 

5,041 

11,657 

600 

18,398 

126,501 

3,429 

1,850 

1,500 

119,881 

10,907 

200 



48,402 
675 
71,763 
54,985 
16,611 
12,138 
38,426 
125,869 



FOR HOMES. 



10 


28,024 


14 


32,038 


7 


18,579 


384 


651,879 


10 


16,458 


2 


2,300 


6 


9,902 


1 


600 


4 


9,398 


88 


70,556 


2 


1,101 



31,918 
1,000 



55,945 
2,328 
1,850 
1,500 

87,963 

9,907 

200 



3,000 
20,236 



4,382 

129,470 

23,397 

25,390 

26,325 

339,888 

6,062 

6,479 

3,775 

139,798 



10,720 
1,250 



26,392 
1,917 



10 



FARMS, HOMES, AND MORTGAGES. 



Table 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. 





AVERAGE VALUE OP 
EACH INCUMBERED — 




1AGE INCUM- 
2E ON EACH — 


TOTAL ANNUAL INTEREST 
CHARGE— 


INTERE 


AGE ANNUAL 
ST CHARGE ON 


AVERAGE ANNUAL 
RATE OF INTEREST — 


COUNTIES. 














Total. 


For 
farms. 


For 
homes. 
















Total. 


Farm. 


Home. 


Total. 


Farm. 


Home. 


Total. 


Farm. 


Home. 


Total. 


For 
farms. 


For 
homes. 


The State 


$4,484 
5,271 


$5,624 
5,313 


93,612 
5,234 


$1,511 
1,745 


$1,782 
2,168 


$1,303 
1,360 


$332,305 
16,231 


$169,877 


$162,428 


$166 


$195 


$143 


10.97 


10.97 


10.97 




9,372 


6,859 


1 

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. S3 




2,042 


2,897 


1,508 


605 


514 


662 


4,314 


1,428 


2,916 


67 


57 


73 


11.05 


11.12 


11.02 




1,025 


1,692 


525 


426 


717 


20S 


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 


Gallatin 


7,564 


8,610 


2,778 


2,156 


2,375 


1,152 


49,613 


44,800 


4,813 


231 


257 


127 


10.86 


10.84 


10.99 




3,556 


3,973 


3,308 


1,258 


1.671 


1,013 


9,888 


4,582 


5,306 


118 


183 


126 


11.73 


10.97 


12.48 




4,719 
4,032 
























9.58 


10.27 


9.51 




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 






8,597 
2,799 






















10.93 


10.77 


11.81 




2,909 


3,130 


927 


845 


1,091 


22,256 


14,331 


7,925 


103 


100 


110 


11.11 


11.78 


10.09 


Park 


3,138 


2,102 


4,005 


1,062 


957 


1,150 


7,616 


2.S06 


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 


1,100 


26,849 


193 


350 


189 


13.22 


10.00 


13.44 




2,457 


3,190 


1,802 


786 


915 


671 


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. 



CITIES. 


Average Average 
value of incuni- Total an- 
each in- brance nual inter- 
cumbered on each est charge, 
home. home. 


Average 

annual 

interest 

charge on 

each home. 


Average 
annual 
rate of 

interest. 


Total 


S4,506 SI, 715 878,690 


$175 


10.20 




5,429 2,059 20,366 
4,315 1,644 58,324 






156 


9.51