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Full text of "Extra census bulletin"

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Apr. 1^9^^ 
;^\\Aua. IB94 




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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. 





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 




03 
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 



0.3 
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