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Extra Census Bulletin.
No. 64. \VASHlNGTON, D. C. December 19, 1893.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
MORTGAGES-SUMMARY FOR 33 STATES AND TERRITORIES.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. C, November 28, 1893.
Sir:
The tabulation of about five-sixths of the real estate mortgage debt of the United States has been completed,
and a summary for the 33 states and territories in which this debt is found is contained in this bulletin. The
mortgage movement in these states and territories was a progressive one that had no break except in 1888.
In 1880 the incurred debt was $539,646,250 and in 1889, $1,381,684,380. The years 1887 and 1889 were
exceptionally productive of mortgages. From 1880 to 1889 the incurred real estate mortgage debt increased 156.04
per cent.
Upon separation of the debt into that which incumbered acre tracts and that which incumbered lots, it is
noticed that both the rate and the amount of increase have been greater in the debt on lots than that on acres.
The amount of incurred debt incumbering lots in 1880 was $286,387,443, and there was an increase to $962,745,227
in 1889. In 1880, 319,513 lots were mortgaged; in 1889, 997,263 lots. The debt incurred on a<;re tracts rose from
$253,258,807 in 1880 to $418,939,153 in 1889. The number of acres mortgaged in 1880 was 29,706,934; in 1889,
42,556,311.
During the 10-year period a debt of $9,469,167,081 was incurred, represented by 6,947,113 mortgages ; 37.74
per cent of the debt was on acre tracts and 62.26 per cent on lots.
The real estate mortgage debt existing January 1, 1890, is $4,935,455,896, of which $1,686,272,279, or 34.17 per
cent, is on acres and $3,249,183,617, or 65.83 per cent, is on lots.
The per capita debt of the 33 states and territories appears in the following comparative statement :
Alabama §26 Minnesota $152
Arizona 39 Missouri 80
Arkansas 13 Montana 66
California 200 Nebraska 126
Colorado 206 Nevada 48
Counecticnt 107 New Hami^shire 50
Delaware 96 New Mex ieo 43
Districtof Columbia 226 New York 268
Florida 40 Oregon 73
Georgia 15 Pennsylvania 1 17
Idaho ... 38 Ehode Island 106
Illinois 100 Tennessee 23
Indiana 51 Utah 39
Iowa 104 Vermont 84
Kansas 170 Wisconsin 72
Maine 49 AVyoming 82
Massachusetts 144
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
In the I'atio between the debt and the true s^alue of all taxed real estate the states and territories compare
as is shown below :
PER CENT.
Alabama 15.-44
Arizona 4.78
Arkansas 6.70
California 15.90
Colorado 13.08
Connecticut 16.44
Delaware 15.92
District of Columbia 35.86
Florida 8.49
Georgia 7 . 15
Idabo 4.33
Illinois 12.36
Indiana 9.79
Iowa 16.64
Kansas 26.83
Maine 13.95
Massachusetts 19.32
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hampshire .
New Mexico
New York
Oregon
Pennsylvania
Ehode Island
Tennessee
Utah
Vermont
Wisconsin
Wyoming
t CENT.
20.69
15.82
4.78
20.03
4.59
12.12
11.99
30.62
7.52
18.91
11.92
8.80
7.14
22.05
11.91
18.82
In 21 states and territories the average rate of interest on the existing mortgage debt is 6.73 per cent ; on acres,
7.27 per cent; on lots, 6.32 per cent. From 1880 to 1889 the rate on the incurred debt declined from 6.75 to 6.52
l)er cent for all mortgages ; for mortgages on acres the rate remained in 1889 where it began in 1880, at 6.78 per
cent; for mortgages on lots the decline was from 6.71 to 6.37 per cent. The acres covered by existing mortgages
are 32.09 per cent of the number of taxed acres in 27 states and territories.
In 102 counties distributed throughout the Union, where the reasons why the indebtedness had been incurred
were ascertained, it was found that 82.56 per cent of the original amount of the debt (before deducting partial
payments) was incurred to secure the purchase of real estate and to make improvements, when not associated with
other objects, and that 94.37 per cent of the debt stands for purchase money, improvements, business, and the
purchase of the more durable kinds of personal property, when these objects are not combined with any other object
in any mortgage.
Very respectfully^,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The Secketaey of the Interioe.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
MORTGAGES-SUMMARY FOR 33 STATES AND TERRITORIES.
BY GEOEGE K. HOLMES AND JOHN S. LORD.
THE REAL ESTATE MORTGAGES OF 10 YEARS.
With the completion of the tabulation of the real estate mortgages of 3.3 states and territories, it is desirable to
group the chief results for these states and territories in a special bulletin. Nearly seven-ninths of the mortgages
made in the United States during the 10 years 1880-1889 are found in these states and territories and about five-sixths
of the existing mortgage debt of the whole country. The names of the states and territories embraced in this
bulletin are mentioned in the tables.
The progressiveness of the mortgage movement during the decade, from a mathematical point of view, was
interrupted only in 1888; but if either that year or 1887 is omitted there is no break in the progression. The years
distinguished for expansion of mortgage credit were 1881, 1882, 1886, 1887, and 1889 ; and 1888 would be noticeable
were it not for the j^ear immediately preceding, when the greatest yearly increase of mortgage debt during the
decade took place. Commercial depression characterized the three j^ears 1883-1885, which mark the weakest
period of the movement. In round millions the increase of incurred debt each year over that of the preceding
year appears in the following statement :
1881 over 1880 §120 1884 over 1883 $30 I 1887 over 1886 $233
1882 over 1881 133 1885 over 1884 32 1888 over 1887 a60
1883 over 1882 35 1886 over 1885 151 1889 over 1888 169
a Decrease ; increase over 1886, $173.
Table 1 shows that during the decade ending December 31, 1889, the real estate mortgages made in the 33
states and tei-ritories and mentioning the amount of debt secured numbered 6,9-17,113 and represented an incurred
debt of $9,469,167,081. The amount of this debt incurred in 1880 was $.539,646,250 ; in 1889, $1,381,684,380. The
7,936 mortgages on acres and 5,859 mortgages on lots made in the course of 10 years, not stating the amount of debt
secured by them, are not included in any totals except in the number of acres and lots shown in Table 1 and
except when otherwise mentioned.
The number of mortgages made yearly varies very nearly as the incurred debt varies. In 1880, 469,700
mortgages stating amount of debt were made and 894,732 mortgages in 1889. The number of mortgages made in
1889 gained 90.49 per cent upon those made in 1880 ; the amount of debt incurred, 156.04 per cent. During the 10
years preceding June 1, 1890, the population increased 25.75 per cent.
Mortgages on acres. — A debt of $3,573,582,435 was placed on acre tracts during the 10 years, or 37.74 per
cent of the total for acre tracts and lots, and this amount was represented by 3,357,742 mortgages, or 48.33 jjer cent
of the total number. In the annual amount of mortgages on acres there was an unbroken increase from $253,258,807
in 1880 to $454,945,037 in 1887. Vfter a decline to $395,202,528 in 1888 a resumption of the progressive tendency
led to an incurred debt of $418,939,153 in 1889.
Mortgages on lots. — Of the total amount of the real estate mortgage debt incurred during the 10 years
$5,895,584,646, or 62.26 per cent, incumbered lots. The amount incurred in 1880 was $286,387,443 ; in 1887 it was
$817,723,445. The amount fell to $817,105,973 in 1888, from which year it rose to $962,745,227 in 1889. The gain
in number of mortgages in 1889 over those of 1880 was 170.37 per cent; in amount of incurred debt, 236.17
per cent.
Number of acres and lots covered. — During the 10 years 397,013,430 acres were incumbered by 3,365,678
mortgages, stating and not stating amount of debt. In 1880 the number of acres incumbered was 29,706,934 ; in
1889, 42,556,311 ; but the largest number of acres covered by mortgage was 47,566,282 in 1887. The increase of
1889 over 1880 in number of mortgaged acres was 43.25 per cent. Lots to the number 6,200,463 were incumbered
during the decade by 3,595,230 mortgages, stating and not stating amount of debt; 319,513 in 1880, 997,263 in
1889. Increase of 1889 over 1880, 212.12 per cent.
3
4 FARMS, HOMES, AND MORTGAGES— MORTGAGES.
EXISTING INDEBTEDNESS.
Table 2 shows that the existing mortgage debt of the 33 states and territories is $4,935,455,896, of which
$1,686,272,279, or 34.17 per cent, is on acres and $3,249,183,617, or 65.83 per cent, is on lots. Of the 3,621,787
mortgages in force, 1,683,119, or 46.47 per cent, are on acres and 1,938,668, or 53.53 per cent, are on lots. In Table
3 it appears that mortgages have an average life of 4.814 years : on acres, 4.640 years; on lots, 4.928 years. The
amount of the partial payments made on the existing debt in these states and territories is ascertained to be 10.48
per cent of the debt on acres ; 13.25 per cent on lots. Total, 12.32 per cent.
Inceease of debt. — What the amount of existing real estate mortgage debt in the United States was in 1880
it is impossible to determine except roughly by a process of reasoning. In 1890, January 1, the debt was about
$6,000,000,000, one-sixth of this amount being an estimate for states not tabulated. As already pointed out, a
progressive movement characterized the debt incurred during the decade under consideration, and, if it may be
assumed that the life of mortgages and the proportion of partial payments have not changed materially from the
beginning to the end of the decade, the following formula may be regarded as approximately sound : the debt
incurred in 1889 is to the debt incurred in 1880 as the debt existing January 1, 1890, is to the debt existing January
1, 1880. The character of the mortgage movement during the 8 or 10 years preceding 1880 may qualify the
conclusion. The financial history of that period makes it probable that the movement was a diminishing progression,
or the reverse of the movement of 1880-1889, and, if so. an estimate of the existing debt of 1880, as proposed, would
be too large ; but, on the other hand, the financial depression of 1873-1878 must have checked the payment of
mortgages, as well as the incurring of debt, and hence prolonged the life of mortgages, perhaps enough to offset the
effect of the diminishing progression in the estimate of the existing debt of 1880. At any rate, the formula above
stated is the best that can be devised, and it gives the United States an existing real estate mortgage debt of about
$2,343,383,846 January 1, 1880, so that the increase of the existing debt of 1890 over that of 1880 was 156.04 per
cent. During this time population increased about one-quarter and wealth about one-half; therefore, the debt
increased proportionately three times more than wealth did and six times more than population.
By the same rule the existing debt on acres increased 65.42 per cent diiriug the 10 years and on lots 236.17 per
cent; much of the debt on acres is due to their suburban situation, and more properly belongs to the debt on lots,
so that the increase of mortgage debt within the 10 years is mostly found in urban growth, which has exceeded
nonurban growth in its ratio.
Comparison of debt and population. — The per capita existing debt of the 33 states and territories is $118.
(See Table 4.) New York has the highest amount, $268, and, in order, the District of Columbia follows with $226,
Colorado with $206, California with 8200, and Kansas with $170. The lower amounts are found in the south : $13
in Arkansas, $15 in Georgia, $23 in Tennessee, and $26 in Alabama.
In Kansas there is 1 mortgage in force to 5 individuals of the population ; in Minnesota, 7 individuals ; in
Nebraska, 7 individuals ; in Colorado, 7 individuals ; in Iowa, 8 individuals ; in the District of Columbia, 10
individuals, and in Vermont, 10 individuals. At the other extreme there are 101 individuals to 1 mortgage in
force in New Mexico ; 45 individuals in Tennessee ; 43 individuals in Alabama ; 40 individuals in Arizona ; 38
individuals in Arkansas. In relation to population, mortgages are fewer in the south and in the Rocky Mountain
region than in the north.
Eeal estate values and debt. — Final estimates of real estate value are at hand for some of the states,
and for the others estimates have been made and tentatively accepted, and results are presented in Table 4. In
the 33 states and territories the existing debt is 18.57 per cent of the value of all taxed real estate, mines being
included where not taxed. The District of Columbia, New York, and Kansas have the highest percentages, 35.86,
30.62, and 26.83, respectively. The lower percentages are found in the south, in the Rocky Mountain region, in
Oregon, and in Indiana.
In some states, as in Colorado and Minnesota, it will be noticed that a high per capita indebtedness goes with a
moderate ratio between the existing debt and the value of real estate, mortgaged and not mortgaged. These results
are not necessarily inconsistent ; they are probably due to a considerable proportion of incumbrance on laud owned
by nonresidents and also to large unmortgaged individual real estate holdings of residents or nonresidents.
The debt limit. — In Table 5 an attempt is made to show how nearly the mortgage debt limit has been
reached. For this purpose it is assumed that all real estate may be mortgaged for two-thirds of its value without
increasing the rate of interest to cover risk. Real estate of all descriptions will not take such an incumbrance in
all parts of the countiy, but much of it may be incumbered more heavily than this. In these states and territories
27.85 per cent of the debt limit has been reached upon the basis of the assumption made ; that is to say, the real
estate of the 33 states and territories will stand an incumbrance 3.59 times greater than the actual incumbrance.
In the District of Columbia, New York, and Kansas the mortgage debt limit has been approached more nearly
than in the other states, namely, to the extent of 53.80, 45.93, and 40.24 per cent, respectively.
SUMMARY FOR 83 STATES AND TERRITORIES. 5
Proportion of acres aisd lots mortgaged. — In 27 states and territories .')2.09 per cent of the taxed acres are
mortgaged. The percentage runs as high as 61.56 in Kansas and .58.1.3 in Xebraska ; the lower percentages are in
the south and in the Rocky Mountain region. (See Table 6.)
Of the number of taxed lots, 23.69 per cent are mortgaged in tlie total for Illinois, Kansas, Missouri, and
Nebraska. Missouri stands highest, with 28.98 percent; Nebraska lowest, with 20.41 per cent. For the other
states and territories the number of taxed lots can not be ascertained.
Ratios of mortgages to acres and lots. — On each mortgaged . j-e in the 33 states and territories, on the
average, there is an incumbrance of S9.30 ; on each mortgaged lot, $976. In 27 states and territories the debt on
acres amounts to $3.02 to each taxed acre ; in 4 states the debt on lots amounts to $131 to each taxed lot. Details
for states and territories are in Table 6.
In the 33 states and territories 108 acres are covered by each existing mortgage on acres, on the average, and
1.72 lots bj^ each existing mortgage on lots.
Geographical concentration of debt. — Table 7 has been constructed to show the geographical concentration
of debt in 32 states and territories (excluding the District of Columbia) and for the purpose of comparing principal
cities with the remainder of each state and territory. The states and territories contain 1,616 counties, while only
72 counties are represented in the table.
Of the mortgage debt incurred in 32 states and territories during the 10 years 1880-1889, 49.66 per cent was
placed on real estate in the 72 counties and 55.55 per cent of tlie existing debt of these states and territories incumbers
real estate in the 72 counties. In New York 80.24 per cent of the existing debt is in 7 counties ; in Colorado 55.93
per cent is in the county containing Denver; in Illinois 49.84 per cent is in the county containing Chicago ; in
Minnesota 55.40 per cent is in the 2 counties containing Minneapolis and St. Paul ; in Tennessee 67.19 per cent is
in 4 counties.
The per capita mortgage debt of the 72 counties is $221 ; of the remaining counties of the 32 states and
territories, $74.
Real estate is more heavily incumbered in the 72 counties than outside of them. In these counties the existing
mortgage debt is 22.63 per cent of the value of all taxed real estate ; outside of them, 15.03 per cent. State and territory
details may be found in the table.
Interest on the existing debt. — The interest charge on the debt in force has been ascertained for 21 of the
33 states and territories, and is stated in Table 8. The average rate is 7.27 per cent on mortgages on acres ; 6.32
per cent on mortgages on lots. Total, 6.73 per cent.
Oregon has the highest rate on mortgages on acres, 9.39 per cent ; Pennsylvania has the lowest, 5.63 per cent.
The highest rate on mortgages on lots is 9.59 per cent in Oregon ; the lowest, 5.38 per cent in Massachusetts.
On each mortgage in force against acres the average annual interest charge is $66 ; on each mortgage against
lots, $76. Total. $71.
THE MOVEMENT OF AVERAGES AND PERCENTAGES DURING THE DECADE.
Average number of acres to a mortgage. — Dui'ing the decade 1880-1889 each mortgage that was placed
against acres in the 33 states and territories covered 118 acres on the average. The average number in 1880 was
109 acres, and the average increased uninterruptedljr until it became 122 acres in 1884; then it declined to 118
acres in 1885, increased to 125 acres in 1887, and declined to 117 acres in 1889. (See Table 9.)
Average amounts of mortgages. — The average amount of each real estate mortgage made during the 10
years was $1,363. In 1880 it was $1,149; it increased to $1,353 in 1882, fell to $1,236 in 1885, and rose continuously
to $1,544 in 1889. (See Table 10.)
Each mortgage on acres averaged $1,064 during the decade. From 1880 to 1883 it increased from $928 to
$1,091, in 1885 it had fallen to $972, from which year it rose to $1,155 in 1889. (See Table 11.)
The mortgages on lots averaged $1,643 during the 10 years. From 1880 to 1882 the average increased from
$1,455 to $1,684 ; in 1885 it had fallen to $1,506, and in 1889 it had risen to $1,809. (See Table 12.)
Classification of amounts. — In 21 states and territories the mortgages on acres and lots for amounts of less
than $1,000 made during the 10 years were 70.21 per cent of the entire number and their amount was 24.04 per
cent of the amount of all mortgages; the mortgages for $1,000 and under $5,000 were 26.85 per cent of the entire
number and 44.02 per cent of the entire amount, while the mortgages for $5,000 and over were 2.94 per cent of the
number and 31.94 per cent of the amount. (See Table 13.)
Rates of interest. — Table 14 shows the rates of interest on the 5,660,010 real estate mortgages made during
the decade in 21 states and territories, representing an incurred debt of $6,216,286,743. These rates, 139 in
number, including mortgages bearing no interest, have been reduced to averages in Tables 15, 16, and 17.
M— 2
6 FARMS, HOMES, AND MORTGAGES -MORTGAGES.
The average rate of interest on real estate mortgages fell from 6.75 per cent in 1880 to 6.43 per cent in 1882,
from which year it rose to 6.82 per cent in 1887, then fell to 6.52 per cent in 1889. For the 10 years the average
was 6.62 per cent.
For mortgages on acres the average rate closed the decade where it began, at 6.78 per cent, in the meantime
having declined to 6.45 per cent in 1882 and having risen to 7.01 per cent in 1887. The average rate of the
decade was G.78.
Mortgages on lots bore lower rates than those on acres and showed more frequent variations. The stepping
stones of the movement are as follows : 6.71 per cent in 1880, 6.40 per cent in 1882, 6.51 per cent in 1884, 6.48 per
cent in 1885, 6.69 per cent in 1887, and 6.37 per cent in 1889. Average for the 10 years, 6.49 per cent.
Percentages of the number and amount of mortgages bearing certain rates and classes of rates of interest are
expressed in Tables 18, 19, and 20. The rate of 6 per cent was borne by 26.03 per cent of the number and 31.03 per
cent of the amount of the mortgages on acres ; by 44.95 per cent of the number and 48.19 per cent of the amount of
the mortgages on lots ; by 35.33 per cent of the number and 40.63 per cent of the amount of all mortgages.
Eates higher than 6 per cent were borne by 71.41 per cent of the number and 62.71 per cent of the amount of
the mortgages on acres ; by 48.95 per cent of the number and 33.17 per cent of the amount of the mortgages on lots ;
by 60.37 per cent of the number and 46.18 per cent of the amount of all mortgages.
Eates higher than 8 per cent were borne by 29.41 per cent of the number and 20.13 per cent of the amount of
the mortgages on acres ; by 16.40 per cent of the number and 7.08 per cent of the amount of the mortgages on lots ;
by 23.01 per cent of the number and 12.83 per cent of the amount of all mortgages. The higher rates go with the
smaller mortgages, and vice versa.
SPECIAL INVESTIGATIONS IN 102 COUNTIES.
As Extra Census Bulletin No. 3 explains at length, special investigations were conducted in 102 counties
distributed throughout the Union, and some of the results derived from them are contained in Tables 21, 22, and 23.
Objects of indebtedness. — One of the endeavors was to discover why mortgage debt had been incurred, and
this was thoroughly successful. No endeavor was made, however, to apportion the debt to two or more objects
represented by the same mortgage, as in the case of a mortgage debt incurred to buy real estate and a horse. The
conclusions are based on 219,291 existing mortgages whose original amount of debt (before deducting partial
payments) was $324,291,078. To secure tlie purchase of real estate and to make improvements, not combined with
other objects, \,ere the reasons why 80.13 per cent of the existing mortgages were made and why 82.56 per cent of
their original amount of debt was incurred. For the objects of purchase money, improvements, business, and the
purchase of the more durable kinds of personal property, not combined with other objects, the percentage for
number of mortgages is 89.82 and for amount 94.37. Farm and family expenses, standing alone, account for 5.40
per cent of the number of mortgages and 1.73 per cent of their amount.
Number of mortgages held by mortgagees. — A chxssification of mortgagees according to tlie number of
mortgages held by them is attempted, but not with entire satisfaction. It was impossible to ascertain how the
mortgages given to loan agents and mortgage companies were distributed by assignment and the apparent holdings
of such mortgagees have necessarily been allowed to stand. It is established, however, that the mortgages, each of
which is held bj' a diS'erent mortgagee, are at least 29.60 per cent of the entire number and 31.46 per cent of their
original amount ; that the mortgages given to mortgagees of 2 mortgages each are at least 10.21 per cent of the
number and 12.13 per cent of the amount, and that the mortgages given to mortgagees of 5 or less mortgages each
are at least 52.80 per cent of the number and 55.94 per cent ol llie amount.
Eesidence of mortgagees. — Another endeavor in the 102 counties, which was fairly successful, was to determine
tlie proportion of the mortgages made in each county held by residents of the state in which the county is situated.
For instance, 84.45 per cent of the mortgages in force against the real estate of Morgan countj'-, Illinois, were given
to residents of that state, and these are 78.98 per cent of the amount of all mortgages. Mortgage companies and
loan agents, as mortgagees, are regarded as having assigned their mortgages to nonresidents. The conclusion for
the 102 counties is that 72.04 per cent of the number of the mortgages were given to state residents and that the
amount of these mortgages is 68.69 per cent of the total amount.
SUMMARY FOR 33 STATES AND TERRITORIES. 7
Table 1.— NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES MADE DURING THE 10 YEARS 1880-1889 AND NUMBER
OF ACRES AND LOTS COVERED : TOTAL FOR 33 STATES AND TERRITORIES, BY YEARS, (a)
[For existing debt see Table 2.]
MOETQAGKS STATING AMODNT OP
DEBT.
1 lots.
NDMBER OF ACEKS COVERED BT ALL
UORTGAOES ON ACRES.
Number
YEARS.
Total.
On
acres.
0
of lots
covered
by all
Number.
Amount.
Number.
Amount.
Number.
Amount.
Total.
Stated.
Estimated.
on lots.
Total for 33 states and
6,947,113
89,469,167,081
3,357,742
83,573,582,435
3,589,371
85,895,584,646
397,013,430
358,292,867
38,720,563
6,200,463
469,700
524,270
585,449
617,290
650,318
718,568
781,317
876,846
828,623
891,732
539,646,250
659,347,263
791,963,691
826,929,285
856,663,574
888,376,835
1,039,578,820
1,272,668,482
1.212,308,501
1,381,684,380
272,897
288,039
311,105
318,641
329,947
362,663
378,523
380,293
353,005
362,629
253,258,807
280,927,826
329,855,225
347,754,962
351,398,572
352,521,283
388,779,012
454,945,037
395,202,528
418,939,153
196,803
236,231
274,344
298,649
320,371
355,905
402,794
496,653
475,618
532,103
286,387,443
378,419,437
462,108,466
479,174,323
503,265,002
535,855,552
650,799,778
817,723,445
817,105,973
962,745,227
29,706,934
31,712,593
35,664,368
38,794,782
40,431,170
42,816,413
45,044,851
47,566,282
42,719,726
42,556,311
26,403,259
28,304,902
31,967,685
34,713,366
36,756,033
38,890,483
41,048,947
43.562,244
38,028,561
38,617,387
3,303,675
3,407,691
3,696,683
4,081,416
3,675,137
3,925,930
3,995,904
4,004,038
4,691,165
3,938,924
319,513
382,792
444,805
484,447
521,238
579,231
677,633
906,827
886,714
997,263
1884
a There were 7,936 mortgages on acres and 5,839 mortgages on lots made during the 10 years, not stating the amount of the debt secured by them. These
rtgages are included in the number of acres and lots, but are not included in the number and amount of mortgages.
Table 2.— NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES IN FORCE JANUARY 1, 1890, BY STATES AND
TERRITORIES.
rERRITOaiES.
TOTAL.
ON ACRES.
ON LOTS.
Number.
Amount.
Number. Amount.
Number.
Amount.
3,621,787
84,935,455,8%
1,683,119
81,686,272,279
1,938,668
83,249,183,617
Alabama
33,331
39,027,983
27,041
28,762,387
8,290
1 10,265,596
Ariz
Arkansas
California
Colorado
Connecticut
Delaware
District of Coluc
Florida
Oeorgia
Idaho
(llinois
Indiana
Iowa
Kansas
JVIaine
M.issachusetts....
Alinnesota
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Mexico
New York
Oregon
Pennsylvania ....
Rhode Island
Tennessee
Ctah
Vermont
Wisconsin
Wyoming
1,474
29,683
112,674
55,160
23,92:j
20,681
48,519
3,143
297,247
171,420
252,539
58,R51
178,202
195,580
192,028
5,937
155,377
1,256
25,189
1,523
579,472
22,553
518,493
21,395
39,470
5,908
34,388
164,826
3,028
2,348,519
14,366,595
241,050,181
85,058,793
79,921,071
16,122,696
51,986,589
15,505,119
27,387,590
3,167,249
384,299,160
110,730,643
199,774,171
243,146,826
32,627,208
323,277,668
197,745,989
214,609,772
8,729,907
132,902,322
2.194,995
18,968,259
6,644,673
1,607,874,301
22,928,437
613,105,802
36,778,243
40,421,396
8,040,829
27,907,687
121,838,168
4,967,065
20,629
45,164
21,044
2,506
128,986
106,155
171,441
203,312
30,985
33,385
97,078
103,161
2,385
107,175
16,250
171,276
2,640
17,195
2,059
22,294
111,735
1,418
1,580,301
9,051,117
120,890,877
30,195,056
13,176,736
5,649,705
2,226,277
10,629,142
16,969,687
2,811,130
165,289,112
74,553,217
149,457,144
174,720,071
14,160,646
42.441,247
75,3.55,562
101,718,625
5,094,329
90,506,968
1,836,655
9,430,540
5,839,416
217,813,055
15,983,361
172,037,488
5,262,243
16,425,144
2,426,018
19,4.39,988
81,535,361
3,013,674
9,054
67,510
34,116
45,685
6,873
23,604
6,587
13,788
637
168,261
66,265
81,098
95,668
27,866
144,817
98,502
88,867
3,552
48,202
347,217
18,755
22,274
3,849
12,094
53,091
1,610
768,218
5,315,478
120,159,304
54,863,737
66,744,335
10,472,991
49,760,312
4,875,977
10,417,903
356,119
219,010,038
36,177,426
50,317,027
68,426,755
18,476,562
280,836,421
122,390,427
112,891,147
3,635,578
42,395,354
358,340
9,537,719
805,257
1,390,061,246
6,945,076
441,068,314
31,516,000
23,996,252
5,614,811
8,467,699
40,302,807
1,953,391
8 FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 3.— AVERAGE LIFE OF MORTGAGES AND PERCENTAGE OF PARTIAL PAYMENTS, BY STATES AND TERRITORIES.
!| PERCENTAGE OF |
! PARTIAL PAYMENTS 1
I OF OKIOINAL AMODNTS.|
OF EXISTING LOANS. '
STATES AND TERRITORIES.
Total for 33 stales and ter- 4.814
ritories. '__^__
Alabama i 2.734
Arizona ! 2.123
Arkansas 2,854
California 2.953
Colorado 2.134
Connecticut 6.040
Delaware ' 5.421
District of Columbia 5.425
Florida 3.529
Georgia , 3.707
Idaho 2.248
Illinois 4.015
Indiana 4.395
Iowa 4.924
Kansas 3.384
Maine 6.401
4.640 4.928
2.977
2.206
2.744
2.789
2.547
5.. 3.55
6.520
6.334
4.274
3.729
2.. 334
5.093
4.952
5.061
3.663 J
6.506 ; 6.315
1.700
3.029
3.378
1.932
1.950
3.373
3.323
4.443
10.72 I
5.72 \
21.09 I
7.75
6.09 I
I
11.05
8.72
14.30
13.08
20.92
10.68
5.33
20.63
7.48 i
12.90
9.33
10.96
7.64
13.18
4.79
9.46
18.77
11.58
3.98
13.98
14.44
22.97
30.95
14.48
13.34
15.70
14.19
7.50
15.72
PERCENTAGE OP
PARTIAL PAYMENTS
OP ORIGINAL AMOUNTS
OF EXISTING LOANS.
STATES AND TERRITORIES.
Massachusetts 6.240
Minnesota 3.751
Missouri 3.055
Montana 1.995
Nebraska 3.241
Nevada 2.680
New Hampshire ' 6.069
New Mexico ' 1.471
New York ! 7.504
Oregon i 2.891
Pennsylvania 1 4.321
Rhode Island 1 5.895
Tennessee 2.813
Utah 1.860
Vermont 5.532
Wisconsin 4.765
Wyoming 3.600
For
acres.
6.145
3.484
2.693
1.960
2.779
5.960
1.4.38
8,399
2.063
6.201
1.750
7.353
3.320
5.344
5.616
2.926
2.262
3.923
6,179
2.735
2.615
1,669
6,158
3,277
2,979
Total.
For
acres.
11,50
13.04
11,49
8.01
11,97
6.49
4,59
4.35
5,21
3.20
5,52
5.33
14,86
13.98
5.47
5.33
14.31
13.95
8.43
6.17
13.12
13.12
11.00
12.90
17.31
23.81
6.16
5.33
12.24
12.90
13.30
13.93
4.65
5.06
11.26
13. 2»
16.38
6.51
15.72
6.51
14.37
13,04
13,12
10,68-
12. 1»
6,51
10. 6S
12,17
4,00
Table 4.— AVERAGE AMOUNT OF EACH REAL ESTATE MORTGAGE IN FORCE JANUARY 1, 1890, RATIO OF EXISTING
DEBT TO VALUE AND POPULATION, AND THE INCREASE OF DEBT, BY STATES AND TERRITORIES.
STATES AND TERRITORIES,
Total for 33 states and territories ,.
Arkansas...
California
Colorado .
Connecticut
Delaware
District of Columbia..
Florida
Georgia
Idaho
Illinois...
Iowa
Maine
Massacliusetts .
Minnesota
Montana
Nebraska
Nevada
New Hampshire .,
New Mexico
New York
Oregon
Pennsylvar
Rhode Islai
Tennessee..
Utah
Vermont....
Wisconsin..
Wyoming..
1,.378
1,672
2,173
1,814
1,011
1,118
1,470
1.070
2,011
6,979
4.363
10,299
2,775
1,389
1,017
984
1,182
1,004
1,719
1,993
1,024
955
1,361
1,178
812
872
739
730
1,640
2,125
1,243
1,270
1.024
Percentage
of debt in
force of
true value
of all
taxed real
estate.
Per
capita
existing
debt.
Percentage!
Average | ^f j„erease
I population! ^^^^^^
to each I ,.„„.,„„j
16.44
15.92
35.86
8.49
7.15
13.95
19.32
20.69
15.82
4.78
20.03
4,59
12.12
11.99
7.52
18.91
11.92
7.14
22.05
11.91
18.82
414.04
43.66
207.65
23.'). 35
491.84
92.50
81.65
351.21
658.64
261.85
58.99
158.58
73.94
76.10
201.11
33,28
168,05
296.09
2.35.15
578.18
173.10
102.77
102.88
313.06
SUMMARY FOR 3:] STATES AND TERRITORIES. 9
Tahi.k 5.— PEHCENTAGE OF THE GREATEST POSSIBLE REAL ESTATE MORTGAGE INCUMBRANCE REACHED BY THE
EXISTING INCUMBRANCE, BY STATES AND TERRITORIES.
[The allowance is that all taxed real estate (
I be incumbered for two-tbirda of its true value. The percentages show the proportions of thit
that the debt has reached.]
Table 6.
-RATIO OF REAL ESTATE MORTGAGES IN FORCE JANUARY 1, 1890, TO NUMBER OF ACRES AND LOTS, BY
STATES AND TERRITORIES.
STATES AND TERRITORIES.
Total for the states and territories represented .
Alabama ...
Arizona
Arkansas...
California ..
Colorado ...
Connecticut
Delaware
District of Columbia..
Montana
Nebraska
Nevada
New Hampshii
New Mexico....
New Y'ork
Oregon
Pennsylvania..
Rhode Island...
Utah
Vermont-...
Wisconsin..
Wyoming..
AVERAGE AMOUNT OF
DEBT IN FORCE TO
EACH TAXED —
1.04
0.45
0.37
3.76
2.59
3.71
2.60
0.51
AVERAGE AMOUNT OP
DEBT IN FORCE TO EACH
MORTGAGED —
Illinois
4 77
3 32
4 30
4 05
200
Indiana
Iowa
55
Maine
9 45
2 64
2 34
Missouri
210
3.07
10.91
8.39
7.82
15. .50
10.93
9.17
6.57
6.43
5.02
8.19
3.58
19.15
6.32
13.64
54.51
5.44
1,651
1,374
1,344
AVERAGE NUMBER
COVERED BY EACH
MORTGAGE IN FORCE.
1.71
3.11
2.30
2.77
5.35
0.88
1.11
1.57
2.13
0.98
2.66
1.53
2.44
1.51
1.64
1.48
1.59
1.01
1.72
2.44
OF NUM-
BER MORTGAGED OF
NUMBER TAXED.
12 12
34 48
30 90
51 25
9 76
21 02
35 04
20 49
35 73
25 41
11 63
31 86
32 56
14 01
26 14
21 24
10
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 7.— PER CAPITA DEBT AND PERCENTAGE OF THE REAL ESTATE VALUE AND MORTGAGE DEBT OF SELECTED
COUNTIES : TOTAL BY SELECTED STATES AND TERRITORIES.
Percent-
age of
state's
total in- '
curred
debt of
10 years,
11880-1889.
Percent-
age of
states'
debt in
force.
PEBCENTAGK OP
DEBT OF TBUB
VALUE OF TAXED
REAL ESTATE —
Alabama ..
Arizona ...
Arkansas..
California
Colorado
Connecticut..
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Maine
Massachusetts.
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hampshii
New Mexico....
New York
Oregon
PennsvlvaD
Khode Islar
Tennessee..
Utah
Vermont...
"Wisconsin..
Wyoming..
28.91
37.. 36
23.11
45.12
48.53
79.84
81.92
41.08
22.96
35.94
48.72
11.12
9.64
15.60
26.15
74.24
53.96
50.12
34.84
26.76
34.06
28.00
53.01
79.86
32.48
37.67
69.66
56.68
60.15
30.85
19.45
43.23
In the
counties
named.
37.90
72.09
29.24
54.50
55.93
80.95
77.99
37.92
20.70
44.34
49.84
11.67
12.76
17.49
26.92
74.23
27.27
47.69
29.56
57.22
80.24
30.08
39.45
68.67
67.19
62.23
30.13
19.64
42.10
In the
rest of
the
state.
In the
counties
named.
Id the
rest of
the
state. !i
24.99
9.06
9.57
18.98
16.99
18.00
17.58
10.22
5.75
10,21
13.15
14.23
22.61
37.86
13.21
19.24
29.45
24.. 34
4.61
21.49
14.29
11.89
30.63
34,39
4.60
16.25
10.96
14.65
Counties included.
Cities included in the counties.
12.52
2.15
5.96
13.32
10.12
12.02
11.92
7.70
7.64
2.97
11.67
9.40
16.02
25,32
14.24
19.56
15.11
11.41
4.90
19.53
2.84
12.23
6.61
21.20
10.35
21.16
14.73
4. 84
5.61
21. .59
11. .34
15,59
Jefferson ' Birmingham.
Maricopa, Yavapai ' Phenix, Preseott.
Pulaski, Seba-stian i Fort Smith, Little Rock.
Alameda, Fresno, Los Angeles, San Fresno, Los Angeles, Oakland,
Diego, San Francisco. ! San Diego, San Francisco.
Arapahoe i Denver.
Fairfield, Hartford, New Haven j Bridgeport. Hartford, New Haven.
Newcastle ' Wilmington.
Duval, Hillsboro, Lake, Marion, Vo- Deland, Jacksonville, Ocala, Tampa,
lusia.
Chatham, Fulton Atlanta, Savannah.
Ada, Latah, Owyhee Boise city.
Cook Chicago.
Marion ' Indianapolis.
Polk, Woodbury Des Moines, Sioux city.
Sedgwick, Shawnee, Wyandotte ' Kansas city, Topeka, Wiciiita.
Cumberland, Penobscot ! Bangor, Portland.
Essex, Middlesex, Suffolk, Worcester.' Boston, Cambridge, Chelsea, Law-
rence, Lowell, Lynn, Soraerville,
Worcester.
Hennepin, Ramsey Minneapolis, St. Paul.
Jackson, St. Louis city Kansas city, St. Louis.
Lewis and Clarke, Silverbow Butte, Helena.
Douglas, Lancaster Lincoln, Omaha.
Humboldt, Washoe
Hillsboro j Manchester, Nashua.
Colfax, Sierra, Socorro
Erie, Kings, Monroe, New York, ; Brooklyn, Buffalo, New York,
Onondaga, Queens, Westchester. Rochester, Syracuse, and regions
suburban to New York and
Brooklyn.
Multnomah Portland.
Allegheny, Philadelphia Allegheny, Philadelphia, Pittsburg.
Providence ' Providence.
Davidson, Hamilton, Knox, Shelby...] Chattanooga, Knoxville, Memphis,
Nashville.
Salt Lake ' Salt Lake.
Chittenden, Rutland Burlington, Rutland.
Milwaukee Milwaukee.
Laramie Cheyenne.
Table 8.— ANNUAL INTEREST CHARGE AND AVERAGE RATE OF INTEREST ON THE REAL ESTATE MORTGAGE DEBT
IN FORCE JANUARY 1, 1890, BY STATES AND TERTITORIES.
ANNUAL INTEREST CHARGE.
VERAGE RATE OF INTEREST.
AVERAGE AMOUNT OF ANNUAL
INTEREST CHARGE TO EACH
MORTGAGE.
STATES AND TERRITORIES.
Total.
On acres.
On lots. ''
Total.
On acres.
7.27
On acres.
On lots.
Total.
On lots.
Total for 21 states and territories ...
$196,760,515
492,084,121
$104,676,394 f
6.73
6.32
$71
$66
$76
Alabama
3,145,258
2,338,382
806,876
8.06
8.13
7,86
89
86
97
A r'cansas
1,301,387
825,462
478,925
9,08
9.12
9,01
44
40
Connecticut
4.508,780
751,074
3,757,706
5.64
5.70
5.63
78
61
82
Delaware
921,. 336
335,423
595.913
5.71
5.76
5.69
96
118
87
District of Columbia
3,033,551
127,788
2,955,763
5.93
5.74
5.94
129
401
125
Illinois
25,717,461
11,4.38,007
14,279,454
6.69
6.92
6.52
87
89
8S
Indiana
7,-571,677
5,144,172
2, 427, .50.1
6.84
6.90
6.71
44
48
37
Iowa
15,198,978
11,254,123
3,944,855
7.61
7.53
7.84
60
66
49
Kansas
21,018,648
11,956,038
6,062,610
8.64
8.56
8.86
70
74
63
2,005,393
880,170
1,125,223
6.15
6.22
6.09
34
28
40
Ala-ss ichusetts
17, .502, 685
2,393,686
15,108,999
5.41
5.64
5.38
98
72
104
Minnesota
15, 145, .571
5,990,767
9,154,804
7.66
7.95
7.48
77
62
93
Missouri
16,474,676
8,290,068
8,184,608
7,68
8.15
7.25
86
SO
92
Nebraska
10,950,103
7,575,433
3, -374, 670
8.24
8.37
7.96
70
71
70
1,134,302
563,946
570.. 356
5.98
5.98
5.98
45
39
54
Oregon
2,166,871
1,500,838
666,033
9.46
9.39
9.59
96
92
106
Peniis>l\anta
34,. 385, 537
9,685,711
24,699,826
5.61
5.63
5.60
66
57
71
Khode Island
2,103,195
303,631
1,799,56-1
5.72
; 5.77
5.71
98
115
96
Tennessee
2,425,284
985,509
1,4.39,775
6,00
6.00
6.00
61
,57
65
Vermont
1,666,935
1,160,567
506,368
5.98
5.97
5.98
48
52
42
Wisconsin
8,329,887
5,593,326
2,736,561
6.84
6.86
6.79
51
50
52
SUMMARY FOR 33 STATES AND TERRITORIES.
11
-AVKRACiE NUMBER OF ACHES COVERED BY EACH MORTGAGE ON ACRES MADE DURING THE 10 YEARS
1880-1889, BY STATES AND TERRITORIES AND YEARS.
Average
STATES AND TERRITORIES,
for
10 years.
1880
1881
1883
1883
1884
1885
1886
1887
1888
1889
Total for 33 states and terri-
118
109
110
114
121
122
118
119
125
121
117
Alnbimm
220
206
215
258
255
208
191
204
260
216
189
Arizoim
650
133
216
697
163
815
1,322
774
2,529
136
215
140
122
130
142
142
148
138
142
136
148
143
California
257
267
287
296
266
252
238
257
260
242
2.34
Colorado
191
205
129
146
205
293
274
198
181
159
179
36
35
38
38
37
37
.37
35
32
40
36
Delaw are
107
126
107
115
108
98
106
118
98
97
106
District of Columbia
38
52
30
41
36
30
35
50
35
36
33
Florida
243
205
149
204
981
156
160
1.52
121
206
194
Geort'ia
238
236
232
238
274
254
225
229
232
2U
224
Idaho
136
125
116
127
133
135
122
138
142
141
145
Illinois
84
83
90
83
84
85
83
84
82
81
83
Indiana
65
65
66
66
66
65
66
65
61
63
64
Iowa
95
92
96
97
96
96
95
95
95
95
96
Kansas
132
127
125
129
135
140
141
130
133
129
129
Maine
144
193
186
141
126
127
114
166
127
116
147
28
29
30
29
29
30
27
27
27
27
26
107
103
109
108
109
106
114
106
102
104
107
Missouri
99
91
97
99
107
99
100
102
97
98
97
jMuntana
223
174
174
219
181
208
239
267
216
222
249
Nebraska
137
118
119
130
140
195
136
131
131
132
132
Nevada
318
231
235
305
231
403
249
375
557
303
423
NewHinipshire
78
72
75
82
74
74
72
89
77
84
78
New Mexico
3,778
32,638
7,529
7,515
2,392
1,911
3,783
2,050
3,916
2,562
3,0.36
New York
72
71
72
68
71
67
68
72
95
68
Oregon
172
300
190
157
162
163
ISO
174
160
1.52
151
72
69
71
72
75
65
64
71
74
95
69
39
44
43
40
40
38
37
41
39
33
31
Tennessee
156
140
158
178
132
130
119
159
175
161
189
Utah
234
54
80
51
159
356
514
379
417
112
119
Vermont
77
86
79
77
79
75
73
79
69
72
80
Wisconsin
93
90
91
97
105
94
92
95
93
87
87
Wyoming
1,114
427
318
364
2,625
2,590
1,336
1,340
357
428
313
Table 10.
-AVERAGE AMOUNT OF EACH EEAL ESTATE MORTGAGE MADE DURING THE 10 YEARS 1880-1889,
STATES AND TERRITORIES AND YEARS.
STATES AND TERKITOEIES.
Arkiinsas..
California.
Colorado ..
Connecticut
Delaware
District of Columbia .
Kansas..
Maine
Massachusetts..
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hanipshir
Oregon
Pennsylvan
Rhode Islar
Tennessee..
Utah
Vermont ...
Wisconsin
Wyoming..
1,526
1,769
2,419
2,032
1,021
1,100
1,582
1,119
1,315
2,046
1,074
1,113
968
818
1,735
1,293
1,559
1,905
1,185
1,174
1,683
1,642
1,775
2,276
1,185
1,293
2,470
1,496
1,662
2,054
1,219
1,.363
2,406
1,.590
1,760
2,401
1,207
1,146
1.273
2,005
1,453
1,913
2,188
1,074
1,253
2,326
1,510
1,647
2,277
1,012
1,170
1,951
1,560
1,844
2,312
1,546
1,827
2,591
1,152
1,425
796
1,549
1,746
2,440
2,072
2,062
2,110
2,200
1,098
1,166
1,151
1,254
1,149
1 ,397 ;
1,228
1,.303
1,904
1,783
1,831
1,343
1,004
1,277
1,925
1,4,55
1,168
1,624
1,872
1,034
1,180
1,416
2,038
1,230
12
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 11.— AVERAGE AMOUNT OF EACH MORTGAGE ON ACRES MADE DURING THE 10 YEARS 15
AND TERRITORIES AND YEARS.
BY STATES
I TERRITORIES.
Alabama...
Arizona
Arkansas...
California..
Colorado ....
Connecticut
Delaware
District of Columbia..
Florida
Georgia
Idaho..
Illinois
Indiani
Kansas
Maine
Massachusetts..
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hampshire .
New Mexico
New York
Oregon
Pennsylvania.
Rhode Island..
Tenn
Utah
Vermont ....
"Wisconsin.
Wyoming..
Average
for
10 years.
1,168
2,260
6,874
1,053
1,187
2,290
1,066
2,093
3,414
1,161
1,180
1,247
1,077
2,353
4,464
1,136
2,180
2,821
1,412
742
901
2,613
1,004
1,212
1,515
1,049
899
7,440
1,080
2,264
6,100
1,006
1,150
4,708
1,292
2,218
4,048
1,293
1,963
12,914
1,299
1,468
835
9,57
1,006
1,259
2,638
2,447
1,094
2,242
1,535
1,078
1,410
1,954
810
2,115
643
2,715
1,772
1,150
2,61S
8,32»
925
11,029
1 ,704
1,151
],22(>
2,477
1,286
1,463
1,160
876
1,675
Table 12.— AVERAGE AMOUNT OF EACH MORTGAGE ON LOTS MADE DURING THE 10 YEARS 1880-
AND TERRITOEIES AND YEAES.
9, BY STATES
SD TERRITORIES.
Total for 33 states and terri-
tories.
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware ,
District of Columbia
Florida '.
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Maine
Massachusetts
Minnesota
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Mexico
New York
Oregon
Pennsylvania
Rhode Island
Tennessee
Utah
Vermont
Wisconsin
Wyoming
1,648
1,630
2,365
2,169
1,320
1,325
1,131
1,028
1,067
3,776
1,262
1,373
2,006
1,111
1,274
3,133
1,239
1,169
1,780
1,878
1,637
2,255
1,005
1,065
778
1,313
1,028
1,103
3,596
1,221
1,323
2,604
2,217
1,201
1,221
1,064
1,372
1,395
2,198
1,742
1,545
2,370
1,481
1,305
2,085
1,011
1,136
1,586
1,804
2,134
2,049
1,270
1,172
1,214
1,587
1,439
2,254
1,155
1,147
1,350
1,363
1,666
1,705
2,263
1,006
1,072
623
2,240
1,329
1,295
1,135
1,173
1,292
1,901
1,018
81,647
1,761
1,315
1,100
1,852
1,448
1,629
1,785
2,445
2,186
1,304
1,496
1,154
1,219
1,343
1,876
1,404
1,639
1,648
2,382
2,205
1,477
1,451
1,160
1,337
1,696
1,860
1,106
1,67»
1,736
2,865
2,291
1,631
1,596
i,ooa
1,325
1,173
1,231
1,475
1,977
1,187
SUMMARY FOR
STATES AND TERRITORIES.
13
Taui.e 13.— riCRCENTAGE OF NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES MADE DURING THE 10 YEARS
1880-1889 BELONGING TO SPECIFIED CLASSES OF AMOUNTS, BY STATES AND TERRITORIES.
FOR MORTGAGES FOR AMOUNTS OF—
For
ber.
Alabama 10,47
Arkansas 10.92
Conneoticiit 2.39
Delaware 0.30
Dist. of CoUiinbia. 0.51
Illinois 3.2.5 '
Indiana 6.00
Iowa 5.2.5
Kansas 4.45
Maine 8.95
Massaclmsetts ' 1.65
Minnesota 2.99
Missouri 5.73
Nebraska 3.69
New Hampshire... 5.00
Oregon ' 3.36
Pennsylvania ' 11.95
Rhode Island 1.89
Tennessee 8.56
Vermont 5.37
Wisconsin , 5.35
1.01
1.01
0.09
O.Ol
O.Ol
0.13
0.45
0.39
0.33
0.81
0.05 i
0.18
0.31
0.30
0.34
Under $500. Under 81,000.
For
num-
ber.
$100 and
under $500.
For
ber.
66.7.3
69.67
30.99
51.31
44.29
46.85
61.95
26.. 52
48,94
48.04
43.68 ,
6.11 59.27
14.87 • 75.74
12.72 ; 72.01
3.29
12.57
10.11
9.05 66.85
7.30 I 68.09
3.52 I 50.22
10.88 73.22
11.11 ; 71.32
15.41 77.74 I
23.62
.36.21
U.57
11.91
7.31
16.75 :
34.75
34.16
41.60
41.89
22.44
16.97
10. .35
23.74
27.86
32.88
For
lamount.
50.26
58.75
28.60
18.49
32.64
45.31
39.04
24,87
45.95
42.31
39.99
40.24
36.78
26,98
43.96
41.01
50.17 ;
8500 and
under $1,000.
For
num-
ber.
15.34
15.40
22.59
23.54
19.95
$1,000 and
under $5,000.
3.24
12.39
9.80
14.08
13.01
6.82
3.46
10.42
24.43
27.72
30.49
21.53
23.07
32.63
25.47
23.25
19.36
21.35
15,50
13.15
41.06
.50.61
53.21
10.64 36.21
19,88 : 22,87
21.44 I 26.74
25.53 21.56
21.31 ! 15.38
13.61
26,00
19.19
13.39
9.67
6.83
10.79 24.94
25.74
22.43
24.46
29,85
27,87
42,58
23,62
26,85
20.74 ,
$5,000 and
under $25,000.
For
num-
ber, i"
2.74 20.27
30.36 ' 2.18
36.22 1.69
51.24 5.10
53,43 I 6.87
45.43 I 10.43
48.71
4.24
53.15 f 1.21 I
45.50 1.06 I
39.51 (' 1.07 t
2.94
1.20
1.60 I
49.39
39.55 i
40,72
40,69
48.35
44.25 :
3.14
3.71 (
G.51
2,94
K,000
and over
For
num-
ber.
18.78
22.28
26.31
23.-33
12.58
10.27 1
10.74 '
13.81 I
29,57
21,78
22,07
11,80
14,94 :
22.45 ,
23.50 1
26.57
21.84
13.39
13.57
2.43
1.78
5,36
1.25
1.10
1.14
7.65
2,82
3,15
1,26
4.04
7,20
3.16
1.83
1.52 :
46.02
27.57
34.19
34,66
47.26
34.54
15.53
12.69
12.90
18.60
47.88
32.58
33.60
15.35
19.56
28.17
43.48
48.93
35.57
23.79
22.87
$25,000
and over.
0.28
0.04
0.04
0,04
0.71
0.22
0.21
0,06
0.09
11,21
2,95
2,42
2.16
4.79
18.31
10,80
11,53
3.55
4.62
5.72
19,98
22.36
13.73
10.40
9.30
14 FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 14 ^NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES MADE DURING THE 10 YEARS 1880-1889
RATES.
TOTAL.
1
' 1880
1
1881
1883
1883
Number.
Amount.
1
; Number.
Amount.
Number
Amount.
i Number
1
Amount.
Number
Amount.
Total for 21 states and territories ..
per cent
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
5,660,010
86,216,286,743
390,864
$358,854,204
434,087
$439,688,849
481,199
8518,007,059
505,311
$540,673,789
0
03
0 5
06
1
13
7,595
3
3
1
303
1
6
233
1
40
1
1
1
1,233
1
13
114
1
1
3
9,497
4
4
362
5
8,180
3
19
286
190,855
133
24
6,025
71
18,525
18
87
1,999,514
71
2,112
1,150
37
14,942
389
67
96
219
638,954
18
1,010
836
10
9,007
11
2.79I
1,442,749
10
445
183 '
129
7,433
9
3
84
2
202,361
98
29
3
1,398
6
4
11 i
9,753,278
62,625
5,400
1,5C0
374,395
9,000
2,475
390,432
1,900
4,183
93,189
3,800
300
1,665
2,357,196
85,000
8,000
18,125
793,941
183
600
11,080
68,168,513
153,000
206,000
4,634,283
174,300
65,798,215
17,900
162,100
2,067,797
599,219,635
155,450
67,075
16,607,659
183,344
47,542,364
74,892
563,904
2,525,582,960
81,300
2,520,049
1,448,388
43,850
27,189,942
705,630
141,689
229,654
250,200
740,594,521
20,473
811,026
867,525
16,321
12,291,798
10,250 !
4,395
1,764,731
2,900
1,284,507,845
7,350
364,938
219,394
210,864
7,770,205
15,775
3,500
86,118
800
177,304,166
18,400
69,949
27,155
3,525
1,091,591
2,150
4,600
8,850
491
460,743
520
793,274
615
818,254
661
1,380,148
1 1
900
)
; 22
!
25,572
9,000
64
53,285
24
69,843
23
13,760
j
1
10
775
32,433
2
13
13,810
; 23
1
21,206
1,900
1 ^*
44,897
i;:::::::;:::::
3
9,495
1
6
21,665
I
25,075
3,800
27
[
1
130
1,665
201,277
3
60
106,268
72
1
140,959
85,000
109
188,546
1
5,000
1 i'
1 11
150
20,909
i
12
4,500
51,112
3 5
3
4,584
19
52,670
37
:i
!l
281
813,763
630
3,213,844
873
3,955,064
886
3,827,176
1
200,000
13,700
4 3
2
3,863
1
5,600
2
37,950
4 5
85
646,540
337
2,818,337
531
5,379,198
693
6,150,968
4,900
1
5
13,159
2,300
17,500
47,642,098
4 8
5
2!
4,, 596
7,000
15,676,872
9,215
21,800
32,241,428
5
15,089
4
2
5
9,800 i
45,503,325
3,500 t
6,000
4,000
13
539"
2,500
27,140
""l',600,'ilb"
1
10
4
1,058
400
56,225
16,668
3,260,489
5 3
18
841
61,336
3,000
2,707,226
5 5
i,381
1
1
186,513
3
198
54
3
1,288
95
7
11
13
61,961
1
62
105
1
513
2
3,881,104
10,000
2,250
230,834,822
2,700 i
219,775
91,935
3,900
2,282,142
192,959
23,350
29,458
14,650
71,470,977
1,845
49,750
125,630 I
1,200
801,214
1,350
S 8
6
141,536
8,600
158,557,411
1
157,450
7
112
41
7
1,296
2
6
5
1
49,277
1
61
134
1,100
197,558,181
9,700
121,650
52,030
9,700
2,073,797
2,000
8,450
23,300
1,200
53,652,165
978
41,750
144,147
5
174,798
i4i
37
5
1,347
5
7
9
""63,'939
3
62
104
8,600
226,609,408
6,000
143,000
58,763
2,500
2,089,527
8,800
14,500
29,415
' 68, 940, '687"
1,400
43,820
109,788
6 2
6 3
G 4
1
10
450
11,700
6 5
6 6
6 7
1,261
1
2,165,827
300
6 8
6 9
2]
6,500
7
7 1
36,734
38,319,341
7 2
7 3
7 4
56
157 '
43,900
152,483
7 5
7 fi
438
605,590
515
704,228
501
666,296
7 7
2
35
995
25,135
7 8
7 n
1
10,000
1
200
lis
1
125,966
65,664
100
106,168,262
8
8 1
96,842
81,757,038
110,222
86,628,997
119,719
2
8
11
97,873,322
1,300
10,200
10,966
8 2
1
12
300
12,955
60
10
25
338
2
43,043
10,761
60,073
319,572
1,300
8 3
84
5
87
8,611
600
94,689
8 5
8 f.
98
103,703
187
183,473
8 7
8 8
8 9
2
3,200
4
5,925
5
5,278
5
3,300
9
9 1
8,577
5,885,101
12,342
8,676,788
13,896
10,518,360
14,497
12,122,971
9 2
1
1
450
1,400
6
5
4,489
3,315
10
5,550
9 3
3
1,050
9 4
9 S
9 fi
210
149,058 1
241
136,132
128
1
85,071
800
113
77,312
9 7
1
900
i
1
1,500
100
9 8
1
360
SUMMARY FOR 33 STATES AND TERRITORIES.
BEARING SPECIFIED RATES OF INTEREST : TOTAL FOR 21 STATES AND TERRITORIES, BY YEARS.
15
1884
1885
1886
Amount,
■
1887
1888
Number.
889
Amount.
B.
Number.
Amount.
Number.
Amount.
Number.
Number.
Amount.
Number.
Amount.
680,388
$560,663,148
591,402
$596,407,463
646,310
$696,763,659
715,556
8839,079,171
659,427
$789,030,785
705,466
$877,118,646
T
0
0.3
0.5
0.6
1
1.3
1.5
2
2.3
2.4
2.5
2.6
2.7
2.8
3
3.1
3.2
3.3
3.5
3.6
3.7
3.8
4
4.1
4.2
4.3
4.4
4.5
4.6
4.7
4.8
5
5.1
5.2
5.3
5.4
5.5
5.7
5.8
6
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
6.9
7
7.1
7.2
7.3
7.4
7.5
7.6
7.7
7.8
7.9
8
8.1 .
8.2
8.3 .
8.4 .
8.5 .
8.6 .
8.7 .
8.8 .
8.9 .
9 .
9.1 .
9.2 .
9.3 .
9.4 .
9.5 .
9.6 .
9.7 .
9.8 .
otal.
786
907,420
1 815
963,298
834
1,020,445
880
1
1,010,155
2,625
926
1,014,601
1,067
2
1
1
39
1,384,940
60,000
1,500
1,500
64,065
percent.
....do.
1
3,000
....do.
....do.
28
27,006
18
34,413
26
31,879
31
22,814
28
31,758
....do.
....do.
1
24
750
15,968
4
16
950
15,254
....do.
ii
32,918
19
144,670
27
41,263
28
28,013
....do.
...do.
1
6
2,500
5,140
1
3
1,683
2,200
....do.
3
7,800
7
9,200
3
7,400
6
5,214
....do.
...,do.
1
300
1
...do.
....do.
...do.
....do.
iiji"
28'4"285"
142"
288,'504"
i^'
2S6,'295"
I'ss"
245 ,'561
i'44"
255^261
i'es"
i'io'seo'
1
5
13
3,000
4,800
18,521
....do.
3
11
1
5,375
23,543
183
i
8
1,000
15,000
11
2,300
34,430
....do.
3
7,300
23
565,872
....do.
....do.
1
600
...do.
::;::;:::;:;::;.::::::::::::::::::::;■
991
3
7,080
19,635,935
150,000
1
1,277
4,666
8,976,545
....do.
938
1
3,815,655
3,000
1,106
6,150,711
1,447
10, 294, 571
1,068
7,485,249
....do.
...do.
....do.
....do.
...do.
2
5,700
2
12
5,000
87,000
42
543,630
1
66
1,150
1,081,425
165,000
9,189,508
101
1
1,053
1
8
84
27,049
51
11
1,630
13
3,037
7
20
230,694
17
301
236
4
1,943
9
9
U
78
75,089
2
179
55
1
1,275
1
1
579
1,253,572
800
8,466,443
13,000
69,200
562,685
104,660,005
56,700
30,350
4,341,942
30,772
7,713,296
16,600
81,198
299,315,600
18,400
370,624
301 ,875
1,650
4,059,718
7,450
14,000
16,090
93,800
89,940,951
4,300
149,539
45,142
7,000
1,836,761
300
1,600
360,208
132
1,423
7"
94
28,9,50
16
3,557
46
3,633
1
23
275,565
10
414
272
4
2,230
13
15
19
33
81,154
165
62
1
1,528
4
1,601,843
8,600
11,451,207
'76^606'
698,112
98,487,942
25,700
22,325
9,666,970
110,384
9,064,038
12, COD
82,956
386,619,605
10,900
.523,910
344,902
8,800
4,673,835
12,950
39,200
46,751
30,600
97,140,782
2,600
125,746
59,8.52
300
2,094,709
4,700
743
6,334,190
821
5,612,562
1,344
9,749,262
....do.
....do.
1
12
21,908
14
6,66o
70,900
58,313,618
17,100
15
25,939
'l
119
1
2,1.58
1
4
206,997
1
234
141
4
1,410
16
1
6
14
68,799
8,000
133,750
72,485,111
22,750
5,000
451,306
320
4,896,149
10,000
5.500
249,775,718
1,200
324,950
158,158
5,800
2,552,829
12,750
1,500
23,700
15,050
81,335,521
....do.
6
17,025
4
61 ,950
45,585,393
4,200
56
27,925
"1
640
1
2,560
4
21
228,295
11
240
223
484,300
78,723,843
25,500
,500
1,911,940
1,.TO0
6,205.030
6,892
160,950
304,761,378
11,350
285,655
265,275
....do.
....do.
....do.
....do.
8
2
1,555
194,401
10
239
60
7
1,355
123
10
14
61,080
4
84
61
2
867
3
27,800
7,200
4,023,392
5,400
3,350
237,692,777
11,100
256,665
70,850
6,200
2,342,669
245,372
15,439
15,515
1,100
72,308,826
5,200
66,800
53,021
5,300
1,096,300
1,400
25
2
1,761
7
203,265
7
228
76
3
1,015
118
5
8
6
63,554
2
88
69
50,000
13,500
4,191,530
U,000
209,400
233,858,160
9,950
270,370
92,900
5,300
1,727,036
216,999
15,800
22,850
2,500
73,347,768
1,550
69,190
92,547
....do.
....do.
....do.
....do.
....do.
....do.
...do.
....do.
....do.
...do.
1,797
7
7
11
71
77,367
3
165
42
5
1,132
3,222,562
6,050
9,450
16,075
91,300
91,137,503
2,600
150,406
46,222
2,521
1,534,787
....do.
....do.
....do.
...do.
....do.
. ..do.
...do.
88
47
70,125
38,393
...do.
...do.
1,100
1
1,417,441
2,500
1,138
1,534,472
...do.
1
414
1,800
256,334
...do.
225
158,697
337
208,522
455
1
206,687
1
60
31
14
1,535
2
297,087
2,800
220,734,607
800
.56,400
44,015
11 ,752
1,592,467
9,025
626
382,884
...do.
...do.
129,621
1
57
12
24
487
110,394,572
1,300
40,620
12,750
56,700
474,808
144,597
""116,880,113
i67,587
1
90
31
9
1,628
155,637,606
300
75,125
29,708
10,073
1,713,397
166,915
1
80
33
19
1,218
148,786,339
400
67,200
37,823
19,862
1,278,243
2,900
174,593
4
56
29
15
1,139
3
160,246,989
3,250
43,0.50
43,100
19,639
1,118,907
2,550
...do.
...do.
33
9
21
716
29,000
8,705
42,265
860,946
...do.
...do.
...do.
...do.
2
11
1,700
12,700
1
6
1
27,937
1
24
3
1,800
15,100
700
24,665,921
500
18,550
3,150
10
9,625
7
8,100
9
7,100
"1
17,815
15,790
100
16,598,785
...do.
...do.
17,340
1
22
3
14,302,756
17,900
12,200
1,700
37,713
34,389,024
29,657
28,129,407
22,587
22,015,053
...do.
...do.
12
5
7,766
5,000
9
1
6,400
1,600
5
3
99
2
4,900
2,740
2,725
91,860
200
9
5
1
75
9,710
7,200
800
66,700
900
...do.
...do.
...do.
119
84,763
164
146,702
143
131,410
106
1
1
1
122,583
250
1,200
800
...do.
...do.
1
1
i,oo6'
1,800
...do.
3
2,550
3
2,700
1
600
...do.
16
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 14.— NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES MADE DURING THE 10 YEARS 1880-3889
TOTAL.
1880
1881
1888
1883
Number.
Amount.
Number.
Amount.
Number.! Amount, i; Number.
Amount.
Number.i Amount.
10 iHTCtnt
JO 1 do
10 2 do
10 3 do
10 5 do
10 6 do
10 8 do
11 do
a 3 do
11 i do
11 5 do
12 do
12 3 do
12 5 do
982,829
1
1
11
688
1
2
6,646
i
12
84,472
3
3,614
1
1,023
$.557,961,292
5,0UU
100
16,100
357,190
250
5,200
5,264,539
2,30U
350
4,750
40,420.796
1,675
2.185,730
1,400
562,835
600
1,755
55,729
696
757,145
1,600
144,227
543,0:33
1,536
325
244,302
1,209
1,359,019
200
61,461
11,200
700
5,225
9,232
200
75
1,152
12,914
399
62
174,169
200
2,193
2,517
250
75
88,872
$46,972,896
83,648 544,584,907
83,096
845,787,049
86,725
850,698,023
1
55
24,428
15 ; 5,734
12
15,072
15 ! 10,175
1 ! 250
::::::::::;::::
412
309,214
277 206,739
336
300,895
301 231,734
1 350
8,736
4,035,064
5,592 : 2,323,943 5,092
2,412,544
5,957 2,785,183
75
1
40
48,375
1,400
18,534
129 : 73,542 t; 227
121,015
375 ' 225,267
1
13 do
68 36,332 : 74
30,872
110 67,232
13 5 do 1
i
635
1
3,000
1 1,050
1 696
96 83,982
14 2 do
1") do
15 7 do
16 <lo
lb 7 do
17 do
17 5 do
18 do
19 do
20 do
1
1,S29
1
382
933
2
738
4
6,394
1
143
91
70
96,888
71 63,564
87
80,919
1.600
14,113
22,231
16
40
1
10,388
25,313
536
16 9,398
42 1 23,477
34
42
36 12,625
72 36,428
i
1 ; 200
38 ; 20,213
32
1
417
13,562
400
95,834
39 1 19,986
33
22,661
495 163,567
619
143,343
569
126,930
21 do
2) do
9
5
2,510
390
12 1 5,853
12 i 2,757
8
10
1
4,622 1 7
332 13
2 075
1,217
3
1
2,550
1,225
200
1]
30 do 27
i i 600
2
335
2
285
2
200
5
1
1,040
75
7
1,411
1
586
1
17
3
2
1
■10 do
35
6,588
63 18,117
78
23,902
81
1
18,350
200
(8 do
;:::::::::::::: :::::::::::::::::::::i
1
1
250
120
2 350
4
900
1
1
3,400
1,100
1,664
i
2 975
1
75
1
10
3
T
1
1
55
4,491
3,016
1,050
200
100
2,500
1
1
200
1,000
4 2,091
1 416
1 t 200
1
100
1
1
2,500
SUMMARY FOR 33 STATES AND TERRITORIES.
17
BEARING SPECIFIED RATES OF INTEKEST: TOTAL FOR 21 STATES AND TERRITORIES, BY YEARS— Continned.
1884
188S
1886
1887
1888
1889
K>
Number.
Amount.
Number.
Amount.
Number.
Amount.
Number.
Amount.
Number.
Amount.
Number.
Amount.
93,371
$54,977,737
108,463
860,215,995
112,273
$61,301,557
116,305
$68,165,187
108,021
1
$64,514,020
5,000
102,055
$60,743,921
10
10.1
10.2
10.3
10.5
10.6
10.8
11
11.3
11.4
11.5
12
12.3
12.5
12.8
13
13.3
13.5
14
14.2
15
15.7
16
16.7
17
17.5
18
19
per cent.
....do.
r
1
169
ioo
200
65,117
....do.
1
21
100
16,203
_1
4,250
36,144
4
112
3,400
65,637
3
39
7,900
23,107
....do.
178
95,573
...do.
....do.
1
392
1
200
320,010
1,000
i
1,268
5,66o
1,016,927
....do.
550
1
411,489
1,300
844
767,142
1,469
992,375
794
708,014
...do.
...do.
....do.
1
7,696
1
467
700
3,863,817
400
256,423
""'w,'iii'
1
589
4,'83r,'529
300
373,078
10
12,451
3,150
5,770,055
1
13,291
900
6,589,639
....do.
11,106
5,483,101
4,138
1
458
2,295,921
975
288,706
....do.
....do.
413
212,294
478
357,729
403
229,271
....do.
....do.
69
33,008
89
42,031
154
108,949
207
120,178
113
69,954
99
1
35,745
600
...do.
....do.
1
37
1,755
36,991
....do.
1
1,120
2
4.57
6
2,700
8
2,350
15
7,426
....do.
...do.
132
85,860
163
99,680
164
58,732
167
71,869
194
58,668
185
56,983
....do.
....do.
26
76
1
14,987
38,901
1,000
45
82
13,124
.50,722
51
135
18,504
76,640
50
108
14,936
72,373
37
170
ii,397
99,889
71
166
24,735
97,029
....do.
...do.
....do.
1
195
125
50,564
....do.
37
20,021
55
15,665
85
19,785
126
28,377
98
1
863
1
20
12
33,568
1.59
....do.
....do.
489
99,346
695
141,441
718
145,368
701
147,749
828
179,910
175,591 20
200 21
....do.
....do.
11
8
> 311
1 3o2
16
6
5,387
189
10
'\
1
1
6,450
2,467
700
2,675
100
33
18,343
400
17
9
8 350
446
5,530
1,650
24
25
26
do.
do.
do.
27
30
31
32
35
36
37
39
40
42
48
50
do.
6
820
1
50
6
1,642
5
4 175
do.
do.
1
75
do.
2
5
1
1 , 115
3,430
324
1
4
37
1,530
do.
5
435
G
1,227
5
1,100
9
2,521
do.
do.
1
1
51
62
14 631
do.
50
20,702
50
18,131
69
26,052
56
13,327
53
14,369
no.
do.
4
220
4
602
1
1
200
50
5
763
2
1
2
301
2 100
250
i
1
107
367
do.
<Io.
52
54
57
60
61
62
63
64
do.
1
75
:::::::;::;:;::
liO.
do.
8
10,712
3
1
615
3,400
1
88
5
1,225
i
650
1
ioo
do.
do.
1
1,100
do.
1
164
1
1,500
do.
1
1
800
do.
"""::::::::.
900 70
liO.
1
1
1
1
55
300
1,600
50
80
81
do.
1
1,000
1
50
1
350
1
500
do.
do.
1
1,000
84
90
120
144
do.
do.
do.
do.
18
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
15.— PERCENTAGES SHOWING THE AVERAGE ANNUAL RATES OF INTEREST BORNE BY THE REAL ESTATE
MORTGAGES MADE DURING THE 10 YEARS 1880-1889, BY STATES AND TERRITORIES AND YEARS.
RRITORIES.
Total for 21 states and terri- 6.62
lories.
Alabama 8.30
Arkansas 9-11
Connecticut 5.69
Delaware 5.75
District of Columbia 6.01
Illinois
Indiana
Iowa
Kansas
Maine
Massachusetts ..
Minnesota
Missouri
Nebraska
New Hampshire
Oregron
Pennsylvania....
Rhode Island
Tennessee
Vermont
Wisconsin
9.16
8.80
5.91
8.94
9.07
5.77
8.95
8.96
8.61
9.07
8.72
7.58
7.97
9.20
9.15
9.29
9.15
9.19
9.08
9.14
5.76
5.74
5.77
5.71
5.55
5.62
5.62
5.75
5.78
5.82
5.82
5.69
5.69
5.72
6.18
0.09
6.14
6.04
5.94
5,91
5.91
S.54
5.64
5.85
6.78
6.88
7.74
8.83
6.15
5.51
7.80
7.80
8.38
5.98
9.63
5.67
5.76
6.00
5.96
6.93
7.39
7.13
8.29
9.47
6,27
6,06
8,62
8,39
8,82
5,99
10.71
5,87
6,23
6,01
5,81
7,57
6,96
6,86
7,94
9,20
6,11
5,80
8,29
8,11
8.83
5,97
9,85
5,77
5.74
6.01
5.99
7.14
6.77
6.84
7.80
8.98
6.13
5.63
7.97
7.97
8.42
5.99
9.57
5.72
5.77
6.00
5.99
6.91
6.84
6.87
7.73
8.97
6.16
5.63
7.98
7.96
8.41
5.98
9.52
5.-0
5.85
6.02
5.99
6.98
6.92
6.97
7.71
S.S9
6.18
5.56
7.97
8.01
8.38
5.98
9.62
5.76
5.82
6.00
5.98
6.95
6.87
7.03
7.83
8.86
6.16
5.48
7.86
8.02
8.64
5.99
9.69
5.70
5.69
6,00
5,97
6,93
6,69
6,94
7,68
8,86
6,11
5,29
7,72
7,81
8,50
5.97
9.64
5.62
5.60
6.00
5.99
6.83
6.67
6.81
7.59
8.71
6.13
5.37
7.70
7.71
8.34
5.96
9.38
5.64
5.68
5.99
6.00
6.79
6.68
6.84
7.62
8.80
6.13
5.47
7.64
7.61
8.28
5.98
9.52
5.44
5.71
6.00
5.99
6.79
6.53
6.67
7.48
8.48
6.18
5.35
7.45
7.33
8.04
5.98
9.42
5.65
5.69
6.00
5.93
6,78
Table 16.
-PERCENTAGES SHOWING THE AVERAGE ANNUAL RATES OF INTEREST BORNE BY THE MORTGAGES ON
ACRES MADE DURING THE 10 YEARS 1880-1889, BY STATES AND TERRITORIES AND YEARS.
ST.\TK-S .*St) TERRITORIES.
Average
for
10 years.
1880
1881
1883
1883
1884
1885
1886
1887
1888
1889
Total for 21 states and teiri-
6.78
8.44
9.10
5.75
5.77
5.83
7.02
6.91
7.65
8.71
6.21
5.71
8.12
8.37
8.44
5.99
9 61
5.69
5.82
6.00
5.96
6.98
6.78
6.60
6.45
6.57
6.68
6.90
7.00
7.01
6.87
6.78
9.45
8.62
5.90
5.97
6.95
7.55
7.11
8.20
9.36
6.23
6.12
8.74
8.88
8.70
6.00
10.84
5.87
6,19
6,00
5,77
7,67
9,06
9,02
5,85
5,74
6.78
7.14
6.85
7.84
9.10
6.11
5.96
8.50
8.56
8.74
5.98
9.93
5.77
6.01
6.00
5.99
7.23
9.00
9.14
5.80
5.75
6.32
6.98
6.83
7.70
8.88
6.18
5.a5
8.20
8.57
8.32
6.00
9.67
5.72
5.75
6.00
5.99
6.95
9.11
9.12
5.81
5.80
5.93
6.98
6.88
7.61
8.82
6.24
5.73
8.26
8.41
8.31
5.98
9.46
5.70
5.95
6.04
6.00
7.00
8.76
9.29
5.80
5.77
5.64
7.09
7.00
7.59
8.71
6.28
5.75
8.19
8.53
8.24
5.99
9.52
5.76
5.91
6.00
5.98
6.99
9.39
9.11
5.77
5.77
5.75
7.16
7.11
7.72
8.68
6,24
5,70
8,08
8,62
8,64
5,99
9,72
5,70
5,78
5,99
5,97
6,96
9.11
9.19
5.61
5.68
5.84
7.00
7.02
7.57
8.72
6.19
5.52
8.00
8.31
8.61
5.99
9.63
5.62
5.77
6.00
5.99
6.86
7.46
9.17
5.67
5.82
5.69
6.91
6.88
7.47
8.58
6.22
5.57
7.85
8.06
8.60
5.98
9.33
5.64
5.49
5.99
6.00
6.80
7.97
9.16
5.66
5.74
5.77
6.86
6.91
7.49
8.66
6.16
5.68
7.93 ■
8.20
8.43
5.98
9.44
5.44
5.78
6.00
5.99
6.79
8.34
Arkansas
Connecticut
Delaware
9.03
5.72
5.77
5.77
6.70
6.67
7.41
Kansas
8.38
6.24
5.60
7.96
8.04
Nebraska
8.19
5.98
Oregon
9.28
5.65
Rhode Island
5.77
5.99
Vermont
Wisconsin
5.92
6.75
SUMMARY FOR ;3:] STATES AND TERRITORIES.
19
Tahi.k 17.
-PERCENTAGES SHOWING THE AVEKAGE ANNUAL RATES OF INTEREST BORNE BY THE MORTGAGES ON
LOTS MADE DURING THE 10 YEARS 3880-1889, BY STATES AND TERRITORIES AND YEARS.
• TKRRITOBIES.
Total for 21 states and terri
tories.
Alabama
Arkansas
Connecticut
Delaware
District of Columbia
Illinois
Indiana
Iowa
Kansas
Maine
Massachusetts
Minnesota
Missouri
Nebraska
Xew Hampshire
Oregon
Pennsylvania
Rhode Island
Tennessee
Vermont
Average
for
10 years.
7.97
9.11
5.67
5.74
6.02
8.04
9.14
6.11
5.48
7.59
7.35
8.27
5.98
5.66
5.75
6.00
5.98
6.86
7.18
8.60
10.01
5.97
10.43
5.87
6.23
6.02
6.00
7.31
8.19
8.49
9.20
9.38
5.75
5.76
5.70
5.75
6.23
6.17
6.76
6.59
6.87
6. SB
8.34
8.19
9.67
9.40
6.11
G.IO
5.77
.5.59
7.96
7.76
7.51
7.31
9.16
8.86
5.97
5.99
9.64
9.38
5.77
5.72
5.71
5.77
6,02
6.00
6.98
8.31
9.20
5.73
5.77
6.09
6.86
8.18
9.53
5.61
7.78
7.37
8.87
5.99
5.83
6.00
5.97
6.92
6.92
8.14
9.64
6.10
5.54
7.82
7.48
8.99
9.79
5.76
5.78
6.00
5.99
8.13
9.26
5.70
5.85
6.65
6.89
8.19
9.63
7.43
8.63
5.99
9.19
5.54
5.69
7.42
8.28
5.95
9.68
5.62
5.. 58
6.00
5.99
6.77
8.96
5.60
5.64
7.63
7.50
8.15
5.94
5.64
5.72
5.99
6.00
6.77
6.42
6. 37
7.98
7.75
9.09
8.89
5.61
5.51
5.71
5.60
5.91
5.85
6.60
6.46
6.73
6.66
7.91
7.65
9.05
8.65
6.11
6.14
5.43
5.31
7.50
7.21
7.26
6.96
8.08
7.86
5.99
5.99
9.63
9.64
5.44
5.65
5.69
5.68
6.00
6.00
5.99
5.96
6.80
6.81
Table 18.
-PERCENTAGE OF NUMBER AND AMOUNT OF REAL ESTATE MORTGAGES MADE DURING THE 10 YEARS
1880-1889 BEAEING SPECIFIED RATES OF INTEREST, BY STATES AND TERRITORIES.
MORTGAGES BEARING INTEREST AT ]
Under
per cenl
For
amount.
Total for 21 states t 4.30 |
and territories.
Alabama 0.06 '
.Arkansas 0.18
Connecticut 17.29
Delaware 11.43
Dist. of Columbia. 3.88 i
Illinois ; 1.92
Indiana 0.81 !
Iowa 0.33
Kansas 0.10
Maine ; 2,98 :
Massachusetts 24.54
Minnesota 2.18
Missouri 0.89
Nebraska 0.41
New Hampshire., 0.85
Oregon 0.32
Pennsvlvania 11.26
Rhode Island 15.65
Tennessee 0.19
Vermont 0.39
Wisconsin 1.93
For
num-
ber.
1.94 98.99
0.55
70.61
61.06
99.29
96.49
For
num-
ber.
6.44 75.46 ' 80.61 6.;
45.68
11.19
24.67
9.87
97.87
0.04
10.02
0.02
O.Ot
32.47 41.79
For
num-
ber.
0.31
nO.OO
4.90
26.93
15.42
21.54
11.62
4.99 :
2.81
0.09
5.51
0.06
0.01
For
amount,
63.60
14.76
0.02
6 to 8 per cent, ! Over
inclusive. I: 6 per cent.
For
num-
ber.
47.64
21.86
5.94
1.23
42.87
31.92
8.61
0.07
1.40
27.53
36,62
47.71
0.50
43.72
36.67
0.43
0.09
aO.OO
For
amount.
71.86
23.54
82.70
88.57
93.49
97.91
98.98
73.31
36.02
88.61
74.38
65.03
50.99
40,41
99.12
Over
8 per cent.
Over
10 per cent.
Over
12 per cei
69.23
75.66
86.31
94.98
98.47
84.61
For
ber.
0.38
0.01
16.76
7.3.37
62.70
89.86
11.58
93.19
87.28
93.99
0.16
70.76 0.21
68.07
99.44
96.. 50
91.01
13.38
0.20
0.02
82.41
46.18 23.01
For
num-
ber.
13.60 ' 24.07
70.62 0.08
0.01
For
amount.
For
num-
ber.
9.56
2.63
0.84
55.85
0.17
0.15
53.75
0.21
0.18
85.01
26.36
14.70
95.31
63.88
56.09
12.95
8.41
3.38
0.01
0.01
0.01
0.03
11.76
2.23
aO.OO
0.01 I
aO.OO
0.02
7.34
0.63
0.01
I |! '
5.66 1.08 0.39 ■ 0.49 0.15 0.15 0.03
86,03 32.79 18.46 0.12 0.09 0,01 0.01
72.87 48.12 25.77 0.06 0.04 0.01 0.01
89.57 ! 59,18 43.68 0.09 0.11 0.01 0.02
0.19 0.03 0.01 0.01 aO.OO
99.16 85.95 83.44 4.89 4.34 0,28 0.32
0.19 0.10 0.04 0.04 0.02
7.12 0.53 O.ll 0.14 0.03 0.05 0.01
0.30 0.10 0.15, 0.01 aO.OO
0.02 aO.OO 0.01
63.74 ! 11.10 5.17 I 0.01 0.01
, Less than five-thousandths of 1 per c
20
FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 19.-
-PERCEXTAGE OF NUMBER AND AMOUNT OF MORTGAGES ON ACKES MADE DURING THE 10 YEAKS 1880-1889
BEARING SPECIFIED RATES OF INTEREST, BY STATES AND TERRITORIES.
MORTGAGES BEARING
RATES OF —
Unde
STATES 6 per ce
AND TEBRITOKIES.
Alabama 0.03
Arkansas 0.16
Connecticut 13.36
Delaware 10.77
Dist. of Columbia.' 8.13
Illinois 1.91
Indiana 0.87
Iowa 0-32
Kansas 0.10
Maine 3.18
Massachusetts 21.44
Minnesota 3.88
Missouri 0.51
Nebraska 0.40
New Hampshire...' 0.87
Oregon 0.34
Pennsylvania ; 10.77
Rhode Island ] 14.16
Tennessee 0.28
Vermont 0.42
Wisconsin , 2.27
1.43 1
0.53
23.56
22.94
29.45
2.20
1.28
0.66
0.18
6,30
0.98
0.62
1.56
0.34
27.44
24.36
0.36
4.15
4.04
!l
j per cent. ; 7 per cent. 8 per cent.
For
num-
ber.
1.82
22.37
86.23
89.20
73.69
16.45
33.16
12. .53 I
4.42
71.23
0.43
89.01
72.89
99.43
99.56 I
13.96
22.14
13.49
76.18
77.06
62.63
28.31
43.06
15.48
5.03
78.48
59.53
6.64
12.01
8.23
98.20
0.57
72.37
70.32
99.17
95.83
29.79
For
num-
ber.
0.30
0.0!
8.37
17.37
12.99
5.94
6.83 j
0.05 !
9.54 I
0.03
0.01
38.21
0.23 0.02
31.38
16.11
23.02
13.07 '
4.72
24.79
8.34
12.55
55.68
53.24
49.80
20.81
1.15
25.46
28.49
20.98
0.13
0.01
2.63
10.20
0.10
0.07
4.23
2.05
0.11
0.13
aO.OO
0.01
38.37
32.48
6 to 8 per cent,
65.48
13.29 25.90
0.01 86.62
! 89.23
5.07
97.91
98.88
80.39
38.58
84.53
35.67
38.12
47.98
25.87
4.43
0.51
31.97
38.94
29.39
0.07
16.14 17.46
0.05 ij 89.13
0.43 !l 85.38
0.16 I 99.59
O.Ol ; 99.58
21.34 I 85.18
80.23
28.59
76.43
6 per cent.
For
num-
ber.
0.36
0.03
18.18
76.43
85.98
0.26
oO.OO
Over
8 per cent.
For
num-
ber.
For
amount.
34.49
73.94
0.02
18.34
70.88
0.01
88.19 25.59
19.34
72.52
75.60
99.44
95.84
90.40
69.49
0.18
55.66
0.25
83.86
19.29
94.79
61.32
15.22
12.29
0.64
0.21
0.20
11.78
55.33
5.51
0..52
Over
10 per cent.
For
num-
ber.
0.01
0.01
0.02
8.29
92.34
87.01
56.96
39.27
0.08
92.86
91.15
58.48
48.08
0.03
0.15
0.24
0.02
0.03
0.01
99.23
99.09
82.20
80.32
5.39
0.22
0.19
0.10
0.04
0.04
12.95
5.32
0.46
0.04
0.07
0.29
0.47
0.13
0.20
0.01
0.02
66.17
aO.OO
12.55
0.01
5.56
83.77
0.01
aO.OO
oO.OO
0.02
5.45
1.03
0,12
0.08
0.06
0.11
0.01
5.52
0.02
aO.OO
0.01
Over
12 per cent.
For
amount.
0.15
0.01
0.01
0.01
0.03
0.01
0.01
0.02
Table 20.— PERCENTAGE OF NUMBER AND AMOUNT OF MORTGAGES ON LOTS MADE DURING THE 10 YEARS 1880-1889
BEARING SPECIFIED RATES OF INTEREST, BY STATES AND TERRITORIES.
MORTGAGES BEARING INTEREST AT ,
Under
STATES 6 per cent.
AND TERRITORIES.
For
44.95 48.19
Alabama ; 0.14
Arkansas 0.23
Connecticut 18.63
Delaware i 11.62
Dist. of Columbia.! 3.83
Illinois I 1.93
Indiana 0.72
Iowa 0.35
Kansas , 0.11
Maine 2.75
Massachusetts \ 25.22
Minnesota ' 0.28
Missouri 1.35
Nebraska ' 0.43
New Hampshire .. 0.81
Oregon 0.28
Pennsylvania 11.48
Rhode Island 15.89
Tennessee 0.10
Vermont 0.32
Wisconsin 1.40
0.18 2.86
0..30 i 7.80
32.50 i 80.98
30.62
40.91
3.97
1.53
80.18
62.96
5.46
17.33
3.30
99.01
3.G6
0.44
2.36 I
0.19 I
29.89
33.20
0.45
1.46
3.41
0.24
88.31
70.66
99.78
99.67
18.29
7 per cent.
For
ber.
8 per cent.
For
ber.
6 to 8 per cent,
inclusive.
0.17
0.67
0.32
1.64 ! 91.62 i
2.02 I 7.81
0.33 l! 0.04
23.84
14.17
16.95
40.70
47.55
42.98
24.03
5.11
1.26
14.09
12.14
22.51
62.34
34.87
7.20
10.98
35.96
13.08
4.69
8.87
30.09
97.50
0.12
0.08
0.03
0.51
0.27
0.53
5.20
69.93
0.01
0.09
0.07
59.34
10.10
5.75
1.29
99.40
0.01
0.01
0.03
98.50
0.01
0.04
aO.OO
36.78
47.30
37.56
23.46
94.65
16.32
81.36
2.69 ! 93.54
21.87
33.93
46.87
30.42 30,71
3.25 93.18
97.91
99.12
58.08
34.84
40.48
0.02
9.71
0.04
0.43
0.02
aO.OO
16,76
60.93
38.97
99.17
5.72
88.42
83.56
99. S2
99.68
97.57
29.65
67.49
75.12
86.90
93.17
48.96
89.21
81.46
64.50
97.63
10.76
70.07
66.68
99.43
98.54
92.07
Over
6 per cent.
97.00
91.97
0.39
94.63
90.11
0.37
67.45
58.37 '
95.68
98.36
11,82
94.26
81.32
96.27
0.18
0.21
13.45
0.12
0.01
80.31
50.32
88.54
96.66
11.21
5.64
84.14
61.47
7.46
0.15
0.04
59.81
Over
8 per cent.
For
ber.
5.21
83.45
0.01
Over
10 per cent.
2.25
70.05
0.01
0.16
0.16
41.57
69.18
4.07
1.11
19.46 i
37.72
60.60
0.02
94.00
0.10
0.55
0.08
0.11
0.15
23.70
58.06
1.75
0.37
9.02
14.88
35.06
0.01
89.05
0.04
0.12
0.12
0.01 I
0,01 I
0.02 t
0.05
18.94
0.94
0.52
0.19
0.05
0.12
3.83
0.04
0.16
aO.OO
0.01
aO.OO
0.04
12.20
0.33
0.15 i 0.15
0.11 0.02
0.02 0.01
0.09 0.01
2.24
0.02
0.03
0.09
0'.'(J6
0.03
0.01
oO.OO
0.01
0.04
o.bi
a Less than five-thousandths of 1 per cent.
SUMMARY FOR 88 STATES AND TERRITORIES.
21
Table 21.— PERCENTAGE OF NUMBER AND ORIGINAL AMOUNT OF MORTGAGES IN FORCE JANUARY 1, 1890,
ACCORDING TO SPECIFIED OBJECTS OF INDEBTEDNESS, AS DETERMINED BY PERSONAL INQUIRY : TOTAL FOR 102
SELECTED COUNTIES.
OBJECTS OF INDEBTKDNKSS.
For For
umber, amount.
TotrtI for 102 counties 100.00
Purchase money 54.67
Improvements 20.96
Purchase money and improvements (combined) 4.50
Business 6. 01
Farm machines, domestic animals, and other personal
property 1.95
Purchase money, improvements, business, and personal
property (combined with one another) 1.73
Purchase money, improvements, business, and personal
56.66
20.81
5.09
8.92
property (combined with objects other than farm and
family expenses)
Purchase money, improvements, business, and personal
property (combined with farm and family expenses)
Farm and family expenses
All other objects
Total for purchase money and icaprovements (not combined
with other objects) | 80
Total for purchase money, improvements, business, and
personal property (not combined with other objects)
o.
For
iher.
amount.
),45
0.63
Ofi
1.32
Ai)
1.73
.27
1.95
).13
82.56
).82
94.37
T.ABLE 22.
-PERCENTAGE OF NUMBER AND ORIGINAL AMOUNT OF REAL ESTATE MORTGAGES IN FORCE JANUARY
1, 1890, MADE TO CERTAIN CLASSES OF MORTGAGEES : TOTAL FOR 102 SELECTED COUNTIES.
CLASSIFICATION OF MORTG.A.GEES.
, For
number.
For !
: original j
[ amount, i
CLASSIFICATION (
For
umber.
For
original
amount.
Total for 102 counties ! 100.00
To mortgagees of 1 mortgage each 29,60
To mortgagees of 2 mortgages each 10.21
M— 6
To mortgagees of 3 to 5 mortgages each 12,99 j 12.35
To mortgagees of 6 Jo 10 mortgages each 8.79 ; 8.64
To mortgagees of H to 25 mortgages each 10.07 11,18
To mortgagees of over 25 mortgages each 28.34 24.24
22 FARMS, HOMES, AND MORTGAGES— MORTGAGES.
Table 23.— PERCENTAGE OF REAL ESTATE MORTGAGES IN FORCE JANUARY 1, 1890, MADE TO RESIDENTS OF THE
STATE IN WHICH THE COUNTY IS SITUATED, BY 102 SELECTED COUNTIES.
[Not including mortgage companies and loan agents.]
ST.VTE.S AND COUNTIES.
Total fov 102 counties .
Alabama :
Greene
Jefferson .,
Arkansas :
Lee
Pulaski
St. Francis..
44.96
69.35
66.07
California :
Santa Clara
Sonoma
Yolo ' 99.50
Colorado ; '
El Paso I 64.50
Weld 51.46
Georgia :
Bartow ...
Houston..
Twiggs...,
Illinois :
Bureau 62.92
Iroquois 48.23
Jasper 50.41
Morgan 84.45
Indiana:
Crawford 96.84
Hendricks ' 80.57
Lagrange 60,78
Iowa:
• Cass 50.43
Crawford 37,82
Delaware 69.23
Johnson 78,86
Kansas ;
Decatur
Jefferso)
Lincoln,
44.12
43.34
25.87
45.34
Pawnee 32.11
Kentucky :
Anderson i 89.12
Clark 95.70
Daviess 98.31
McCracken 97.07
Louisiana:
Caddo 85.27
East Baton Rouge 96.17
Maryland
Washington : | 98.55
Massachusetts :
Franklin 97.74
Hampden 95.68
Michigan :
Hillsdale 92.59
Ionia 80.16
Marquette 72.98
Sanilac 83.08
Mi
inesota :
Clay
Goodhue..
Polk
Stearns....
Adau
BoUinge
Cass
Mercer
39.34
■ 40.49
24.76
40.56
71.43
97.30
55.63
49.31
For
original
amount.
73.76
30.73
79.19
43.22
30.35
24.34
33.34
57.34
96,23
42.83
30.85
33.06
67.68
58.07
97.94
97.60
91.77
63.78
31.12
27.63
90.31-
72.80
57.48
42.83
36.06
19,58
35.59
86.20
95.28
96.55
88.42
STATES AND ^
Montana :
Custer
Lewis and Clarke .
For
number.
For
'iginal
amount.
Nebraska :
Brown
Gage
Hayes
Kimball ,
Thayer
Washington.,
New Jersey ;
Burlington. ..
22.10
52.00
17.12
90.05
New York :
Albany 98.65
Allegany 94.79
Dutchess i 97.96
Fulton 98.49
Livingston 98.58
Bichmond 91.63
North Carolina :
Forsvth 68.00
Halifax : 60.31
North Dakota : I
Burleigh 18.71
Dickey 16.59
Grand Forks 15.38
Ramsey 24.54
Ohio :
Athens 81.50
Madison 76.00
JVIontgomery 78.82
Union 73.58
Oregon :
Umatilla 62.79
Union 64,38
Pennsylvania:
Chester
Lackawanna
Lebanon
Washington
South Carol i I
Andeisor
Colleton..
Laurens .,
South Dakota :
Beadle
Hughes
Tennessee :
McNairy .
Maury ....
Texas :
Bell
Harrison.,
Tarrant ...
96.33
97.99
97.30
16.94
17.05
14.32
41.80
73.99
47.64
Virginia :
Augusta..
Washington :
King , 41.36
Wisconsin :
Brown
Douglas
St. Croix
Waukesha..
82.47
25.70
50.95
88.60
18.35
45.26
17.85
1.48
24.93
36.66
97.55
91.41
97.66
96,30
97,43
87.62
19,62
14.53
12.38
23.37
21.18
73.56
75. 3S
69.51
79.47
98.28
95.74
63.78
66.71
87.60
40.63
59.42
35.23
74.14
36.68
10.08
35.50
79.79
13.96
46.76
86.17