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Full text of "Extra census bulletin"

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Apr. 1^92 




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Digitized by the Internet Archive 

in 2010 with funding from 

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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