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Full text of "Extra census bulletin"

JV9 *HA20I . 1890. A2 
Aug. 1894- 
lan. 18 




•-EL 



Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 




httfi l ://www.archive.org/details/extracensusbulle77unit 



Extra Census Bulletin. 

No. 77. WASHINGTON, D. C. September 15, 1894. 

STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN ARKANSAS. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 
Washington, D. C, August 29, 1894. 
Sir: 

The leading results of the investigation of farm and home proprietorship in Arkansas are contained in this 
bulletin. In regard to farms, the conclusion is that 46.06 per cent of the farm families hire and 53.94 per cent own 
the farms cultivated by them ; that 4. IS per cent of the farm owning families own subject to incumbrance and 95.82 
per cent own free of incumbrance. Among 100 farm families, 46 hire their farms, 2 own with incumbrance, and 52 
without incumbrance. On the owned farms there are liens amounting to §2,032,345, which is 44.38 per cent of their 
value, and this debt bears interest at the average rate of 9.35 per cent, making the average annual interest charge 
$57 to each family. Each owned and incumbered farm, on the average, is worth $1,382, and is subject to a debt of 
$613. 

The corresponding facts for homes are that 67.15 per cent of the home families hire and 32.85 per cent own their 
homes; that of the home owning families 94.15 per cent own free of incumbrance and 5.85 per cent with incumbrance. 
In 100 home families, on the average, 67 hire their homes, 2 own with incumbrance, and 31 without incumbrance. 
The debt on owned homes aggregates $1,081,425, or 42.27 per cent of their value, and bears interest at the average 
rate of 9.60 per cent, so that the annual amount of interest to each home averages $81. An average debt of $845 
incumbers each home, which has the average value of $1,999. 

There are 4 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities 
68.60 per cent of the home families hire and 31.40 per cent own their homes, and of the home owning families 14.24 
per cent own with incumbrance and S5.76 percent own free of incumbrance. In 100 home families, on the average, 
are found 69 that hire their homes, 4 that own with incumbrance, and 27 that own without incumbrance. The liens 
on the owned homes are 38.39 per cent of the value of those subject to lien. Several averages show that the rate 
of interest is 9.63 per cent; value of each owned and incumbered home, $2,897; lien on the same, $1,112, and yearly 
interest charge on each home, $107. 

Real estate purchase and improvements, when not associated with other objects, caused 42.67 per cent of the 
farm families to incur 41.97 per cent of the farm debt and 78.82 per cent of the home families to incur 75.81 per 
cent of the home debt. 

Very respectfully, 

CARROLL D. WRIGHT, 

Commissioner of Labor in charge. 

The Secretary of the Interior. 

O. O. P.— 4m 



FARMS, HOMES, AND MORTGAGES. 



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

FARMS AND HOMES. 



CIVIL DIVISIONS. 


Aggre- 
gate. 


FAMILIES OWN 


ING. 


Families 
hiring. 


PERCENTAGE OF 

FAMILIES OWNING 

AND HIKING. 


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


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




Total. 


Free. 


Incum- 
bered. 


Owning. 


Hiring. 


Free. 


Incum- 
bered. 


Free. 


Incum- 
bered. 




213,620 


101,171 


96,577 


4,591 


112,419 


47.36 


52.64 


95.46 


4.54 


45.21 


2.15 






F rfarm 


146,970 
66,650 


79,275 
21,8% 


75,961 
20,616 


3,314 
1,280 




67,695 
44,754 


53.94 
32.85 


46.06 
67.15 


95.82 
91.15 


4.18 
5.85 


51.68 
30.93 


2.26 




1.92 






... (forhonie g} 


11,316 


3,553 


3,047 


506 


7,763 


31.40 


68.60 


85.76 


14.24 


26.93 


4.47 








2,261 
1,711 
5,337 
2,007 


675 

620 

1,519 

739 


631 

600 

1,094 

722 


44 
20 
425 

17 


1,586 
1,091 
3,818 
1,268 


29.85 
36.24 
28.46 
36.82 


70.15 
63.76 
71.54 
63.18 


93.48 
96.77 
72.02 

97.70 

t 


6.52 
3.23 
27.98 
2.30 


27.90 
35.07 
20.50 
35.97 


1.95 




1.17 


Little Rock, Pulaski county 

Pine Bluff, Jefferson count}- 


7.96 
0.85 




55,334 


18,343 


17,569 


774 


36,991 


33.15 


66.85 


j 95.78 4.22 


31.75 ; 1.40 



Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE 

OF INCUMBRANCE THEREON. 



CIVIL DIVISIONS. 


Number of 

families 

owning 

with 

branee. 


Value. 


Incum- 
brance. 


Percentage 
of incum- 
brance of 
value. 




4,594 


87,137,811 


$3,113,770 


43.62 




3,314 
1,280 


4,579,368 
2,558,443 


2,032.345 
1,081,425 


44.38 






506 


1,465,927 


562,770 


38.39 


Fort Smith, Sebastian county.... 

Hot Springs. Garland county 

Little Rock, Pulaski county 

Pine Bluff, Jefferson county 

Rest of state (for homes) 


44 
20 
425 

» 


112,650 

138,000 

1,171,264 

44,013 


51,905 
40,700 
452,972 
17,193 


46.08 
29.49 
38.67 
39.06 


774 


1,092,516 


518,655 


47.47 



OWNERSHIP AND DEBT IN ARKANSAS. 3 

Table 3 AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST 

CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED. 



CIVIL, DIVISIONS. 


Average 

value of , Ave ™S e 
each 1 incum " 
branoe 
incum- ; """"-^ 
n , on each 
bered JT 
farm or Iarm or 
home. ! home - 


Total 
annual 
interest 
charge. 


Average 
annual 
interest 
charge 
on each 
farm or 
home. 


Average 
annual 
rate of 

interest. 




51,551 i $678 

1 


$293,836 S64 


9.44 




1,382 613 
1,999 845 


190,016 
103,790 




9.35 
9.60 




81 




Four cities (for homes) 


2,897 1,112 


54,214 107 


9.63 


Fort Smith, Sebastian county.... 
Hot Springs, Garland county.... 
Little "Rock, Pulaski county , .. 
Pine Bluff, Jefferson county 


2,560 1,180 
6,900 i 2,035 
2,756 ! 1,066 
2,589 1,011 


4,600 
4,030 
44,049 
1,535 


105 
202 
104 
90 


8.86 
9.90 
9.72 
8.93 




64 


9.56 









Table 4. 



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



THE STATE. 



RATES OF INTEREST. 



FOR HOMES IN 

CITIES OF 8,000 

TO 100,000 

PEOPLE. 



For 
number For 

of amount, 

families. 



Under 6 per cent 

6 per cent 

7 per cent 

8 per cent 

6 to 8 per cent, inclusive.. 

Over 6 per cent 

Over 8 per cent 

Over 10 per cent 

Over 12 per cent 



0.57 
30.54 

31.90 
99.24 
68.10 
0.27 
0.06 



1.15 
1.53 
27.08 
29.91 
98.85 
70.09 
0.20 
0.02 



14.30 
15.39 
98.99 
84.61 
1.02 
0.08 



2.42 
0.03 
12.98 
15.43 
97.58 
84.57 
0.59 
0.01 



10.28 
10.67 
99.61 



10.80 
12.13 
98.67 
87.87 



BOSTON PUBLIC LIBRARY 



3 9999 06398 553 3 



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