Extra census bulletin

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Apr. 1^92

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Extra Census Bulletin.

No. 60. AVASHINGTON, D. C. September 27, 1893.

SLVTISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN ARIZONA.

DEPARTMENT OF THE INTEEIOE,
Census Office,
Washington, D. C, September 15, 1S93.
Sir:

The leading results of the investigation of farm and home proprietorship in Arizona are contained in this
bulletin. In regard to farms, the conclusion is that 19.88 per cent of the farm families hire and 80.12 per cent own
the farms cultivated bj^ them; that 6.84 per cent of the farm owning families own subject to incumbrance and
93.16 per cent own free of incumbrance. Among 100 farm families, 20 hire their farms, 5 own with incumbrance,
and 75 without incumbrance. On the owned farms there are liens amounting to 1225,626, which is 40.55 per cent
of their value, and this debt bears interest at the average rate of 12.61 per cent, making the average annual interest
charge $226 to each familj'. Each owned and incumbered farm, on the average, is worth .S4,416, and is subject
to a debt of $1,791.

The coi-respouding facts for homes are that 55.18 per cent of the home families hire and 44.82 per cent own
their homes ; that of the home owning families 95.58 per cent own free of incumbrance and 4.42 per cent with
incumbrance. In 100 home families, on the average, 55 hire their homes, 2 own with incumbrance, and 43 without
incumbrance. The debt on owned homes aggregates $260,104, or 35.45 per cent of their value, and bears interest
at the average rate of 13.46 per cent, so that the annual amount of interest to each home averages $158. An
average debt of $1,172 incumbers each home, which has the average value of $3,305.

Real estate purchase and improvements, when not associated with other objects, caused 31.75 per cent of the
farm families to incur 31.96 per cent of the farm debt and 63.07 per cent of the home families to incur 58.07 per cent
of the home debt.

Very respectfully,

JAMES H. WAEDLE,

Acting Superintendent of Census.
The Secretary of the Interior.

0. O. p.— 3,500

STATISTICS OF FARMS, HOMES, Aj\^D MORTGAGES.

OWNERSHIP AND DEBT IN ARIZONA.

BY GEOKGE K. HOLMES AND JOHN S. LORD.

Selections from the results of the investigation of farm and home proprietorship and indebtedness in Arizona
are presented in this bulletin. Every family is regarded as occupying a farm or a home not on 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 peopeietorship. — Among the 13,495 families of the territory there are 6,635, or 49.17 per cent of
the total, that hire their farms and homes and 6,860, or 50.83 per cent, that own them. Of the families that owu,
348, or 5.07 per cent, have farm or home incumbrance, and 6,512, or 94.93 per cent, are free of incumbrance. In
100 families, on the average, 49.17 hire their farms or homes, 2.58 own with incumbrance, and 48.25 own without
incumbrance.

Faem peopeietoeship. — There are 2,299 farm families, which are 17.04 per cent of the total number of
families. Of these, 1,842, or 80.12 per cent, own and 457, or 19.88 per cent, hire the farms cultivated by them,
while of the owning families 126, or 6.84 per cent, have incumbrances on their farms and 1,716, or 93.16 per
cent, have no incumbrances. The average 100 farm families are composed of 19.88 that hire, 5.48 that own with
incumbrance, and 74.64 that own without incumbrance.

In 1880, 13.17 per cent of the farms were hii-ed, so that there is an apparent relative increase of farm tenancy
during the decade ; but 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 this may somewhat affect the comparison.

Home peopeietoeship. — The 11,196 home families are 82.96 per cent of the families of the territory, and are
divided into the several classes as follows: hiring families, 6,178, or 55.18 per cent of the total number of home
families; owning families, 5,018, or 44.82 per cent; families owning free of incumbrance, 4,796, or 95.58 per cent
of the total number owning; families owning subject to incumbrance, 222, or 4.42 per cent of the owning
families. Of 100 families, on the average, 55.18 hire their homes, 1.98 own with incumbrance, and 42.84 own
without incumbrance.

Value and incumbeance. — Liens amounting to $485,730 incumber the 348 owned farms and homes of the
territory that are subject to ineiimbrance, $225,626 of which is on 126 farms and $260,104 on 222 homes. The value
of the incumbered farms and homes is $1,290,014 ; farms, $556,379 ; homes, $733,635. Ratios of debt to value : farms
and homes, 37.65 per cent ; farms, 40.55 per cent ; homes, 35.45 per cent.

Average values and incumbeances. — The average owned and incumbered farm of the territory is worth
$4,416 ; home, $3,305.

The average farm incumbrance for the territory is $1,791 ; home, $1,172. As before stated, all values are
confined to incumbered farms and homes occupied by owners.

60—2 a

FARMS, HOMES, AND MORTGAGES.

Interest rates.— The chief rate of interest in this territory is 12 per cent. The facts from which the
percentages contained in the following table were computed are exhibited in Table 3 :

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

; FOR FARMS.

FOB HOMES.

BATES OF IXTEKEST.

For
number of
families.

For

For
number of
families.

For
amount.

Under 6 per cenf 4.76 2.50

6 per cent 2.38 1.92

4.50 1 1.69
1.80 ! 1.57
0.90 \ 0.47

8 per cent 3.97 5.00

6 to 8 per cent, inclusive 6.35 6.92

Over 6 per cent ' 92.86 95.58

Over 8 per cent [ 88.89 j 90.58

Over 10 per cent [ 73.81 60.42

Over 12 per cent ; 46.03 27.75

7.21
9.91
93.70
85.59
79.73
57.66

10.50
12.54
96.74
85.77
75.20
36.53

In the territory rates higher than 12 per cent are paid by 46.03 per cent of the farm debtor families on 27.75
per cent of the farm debt ; by 57.66 per cent of the home debtor families on 36.5.3 per cent of the home debt.

The highest rate reported is 36 per cent, which is paid by 2 home families on a debt of $550.

The legislature of Arizona has never limited the rate of interest.

Interest charge and average rates of interest. — The total interest charge for 1 year on the debt
incumbering the o-Rmed farms of the territory is $28,41:6 ; on the homes, $35,022. Total, $63,468.

The average interest' charge for 1 year on each farm is $226 ; home, $158.

On farm loans the average rate of interest is 12.61 per cent ; on home loans, 13.46 per cent. Hence the
average annual interest value- of each owned and incumbered farm in this territory is $557 ; of each home, $445.

Objects of indebtedness.- — Investigation of the reasons why farm and home indebtedness was incurred
discloses the fact that 31.75 per cent of the farm debtor families of the territory incurred 31.96 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, 63.07 per cent of the home debtor
families incurred 58.07 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 56.35 per cent of the farm debtor families of the territory to incur 71.05 per
cent of the farm debt and 82.44 per cent of the home debtor families to incur 90.60 per cent of the home debt.

Farm and familj' expenses, standing alone, are represented by 16.67 per cent of the farm debtor families of the
territory and 7.77 per cent of the farm debt ; familj^ expenses by 4.95 per cent of the home debtor families and 2.02
per cent of the home debt.

Table 1.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED

FARMS AND HOMES. ■

CIVIL DIVISIOSS.

Aggregate.

FAMILIES OWNING.

Families
hiring:.

-■- ' ; PERCENTAGE OF FAM-; PERCENTAGE OF FAM-

PERQENTAGE OF FAM- ILIES OWNING FREE ' ILIES OWNING FREE

ILIES OWNING AND \ AND INCUMBERED OF AND INCUMBERED OP

HIRING. TOTAL OWNING ' TOTAL OWNING Al^D

i FAMILIES. HIRING FAMILIESl-

Total.

Free.

Incum-
bered.

Owning. Hiring.

Free.

Incum-
bered.

Free.

Incum-
bered.

The Territory 5

13,495

■' 6,860

6,512

348

6,635

50.83

49.17

94.93

5.07

48.25

2.58

2,299
11,196

. 1,842
5,018

1,716
4,796

126
222

457
6,178

93.16

95.58

6.84
4.42

74.64
42.84

4.82

■

OWNERSHIP AND DEBT IN ARIZONA.

Xaui.k 2.— value of farms AND HOMES OCCUPIED BY OWNERS AKD
INCUMBERED AND AMOUNT AND PERCENTAGE OF INCUMBRANCE
THEREON.

CIVIL DIVISIONS.

Number of

families

owning with

incumbrance.

Value.

Incumbrance.

Percentage

of

incumbrance

of value.

348

$1,290,014

S485,730

37.65

120 556,379

225,626
260,104

40.55
35.45

Table 3.— NUMBER OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES
AND AMOUNT 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 all rates greater than 1 per cent and Jess than 2 per cent.]

..TK«OP.«T.K.ST.

TOTAL.

FOE FARMS.

FOR HOMES.

Number

^f Incum-

families.. ''■■''"=<=•

Number

of
families.

Incum-
brance.

Number

of
families.

Incum-
brance.

Total

348

$185,730

126

$225,626

200

500

4,932

222

$260,104

6
2

1,775
2,000

1

1
4

5
1

4
2
16

1,575
1,500
725
600
4,080
1,225
27,318

1 do

2 do

2 i 600
7 8,409
2 i I ,225

3

4,329

7 ... .do

8 do

5

4
15

11,290
30,428
37,616

9-10 do

4

30,428
65,097
2,685
200
11,455
159,941
4,682

10 do

10 11 ... do

28
1
1

13

I

27,481

11 do

1

200

11-12 do 2

2
46
3
1

11,455
86,433
1,803
3,600

12 do

80
6
1

34

3

73,508
2,879

13-14 do

14 do

3,432
7,656

29
1
3

2

38,088
750

1,358
59,677

1 911

5

1
1
42

750

200

29,552

16 do

18 do

21 do

30
14

1,158
30,125

1,911
15,462

24 do ! 63 42,412

25 do 1 1 350

49

1
4
2

26,950
350
840
550

30 do 4

840
650

2

Table 4.— 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.

CIVIL DIVISIONS.

Average
value of
each in-
cumbered
farm or
home.

Average

brance on
each farm
or home.

Total
annual
interest
charge.

Average
annual in-
terest
charge on
each farm

or houie.

Average
annual
rate of

interest.

$3,707

4,416
3,305

$1,396

$63,468

$182

13.07

1,791
1,172

28,446
35,022

226 12.61