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EXTRA CENSUS BULLETIN.

No. 77. WV SEUINGMON Ds C:

September 15, 1894.

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

3 OWNERSHIP AND DEBT IN ARKANSAS.

DEPARTMENT OF THE INTERIOR,
Census OFFICE,
Wasurncton, 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 4.18 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 44.88 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 85.76 per cent 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 SrcRETARY OF THE INTERIOR.
. 0. P.—4m

2

FARMS, HOMES, AND MORTGAGES.

TABLE 1.—NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES.

| il |
iI
| || PERCENTAGE OF
| | PERCENTAGE OF || ;AMILIES OWNING
PERCENTAGE OF || FAMILIES OWNING | Deep anp INCUM-
| FAMILIES OWNING. | | FAMILIES OWNING | FREE AND INCUM- | .epep or TOTAL
| AND HIRING. BERED OF TOTAL || 7 .
= BPamilies| peat | OWNING AND HIR-
CIVIL DIVISIONS. | pei uae ONESIES ES ING FAMILIES.
|
| | | | |
| | Incum- | : oe } Incum- | | Incum-
| Total. Free: | bered. | Owning) Hiring. || Free | ered Free. Bored
| | | |
| | | ] | 5
The State... cc ccceceeesesseeceeeeeenecnenenenesnenes canes 213,620 101,171 | 96,577 | 4,594 | 112,449 47.36 | 52.64 | 95.46 | 4.54 || 45.21 | 2.15
| | - |
For farms....... ---/ 146,970 79,275 || 75,961 3,314 67,695 53.94 46.06 95.82 | 4.18 51.68 | 2.26
For homes.... 66,650 21,896 20,616 1,280 | 44,754 32.85 | 67.15 94.15 | 5.85 | 30.93 | 1,92
Four cities (for homes).. 3,553 | 3,047 506 7,763 31.40 | 68.60 85.76 14.24 || 26.93 | 4.47
} } | |
Fort Smith, Sebastian county. 2,261 675 |! 631 | 44 1,586 | 29.85 | 70.15 || 98.48 | 6.52 27.90 1.95
Hot Springs, Garland county 1,711 | 620 600 20 1,091 | 36.24 63.76 96.77 | 3.23 35.07 1.17
Little Rock, Pulaski county 5,337 1,519 1,094 4295 | 3,818 28.46 | 71.54 | 72.02 | 27.98 20.50 7.96
Pine Bluff, Jefferson cOUNtY............s2ceeeseeeeeeeeeeeeee) 2,007 739 122 lz 1,268 36.82 63.18 | 97.70 2.30 | 35.97. 0.85
Rest of state (for homes) ....-.s:cc-s--cssnssceseecsserencesseesszees 55,334 | 18,343 | 17,569 774 || 36,991 | 33,15 66.85 || 95.78 | 4.22 31.75 | 1.40
TasLeE 2.—VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE

OF INCUMBRANCE THEREON.

| |
| Number of |
' | families | Percentage |
- e | owning “ Incum- of incum-
| ANARE NEUSE | with Value: brance. brance of
| incum- | value.
| | brance.
|
The State.. 4,594 $7,187,811 $3,113,770 43.62 |
| HOTT ALIS eceetdecssenscsnccsnslensorslanr sms 3,314 | 4,579 368 2,032 345 44.38 |
HHOTIHONICS seneecersensaetarcu-sescnndéasreed 1,280 2,558 443 1,081,425 42.27
Four cities (for homes).. 506 1,465 ,927 562,770 38.39
Fort Smith, Sebastian county... 44 112,650 | 51,905 46.08
Hot Springs, Garland county..... 20 | 138,000 40,700 29.49 |
Little Rock, Pulaski county. =| 495 | 1,171,264 | 452 972 38.67
Pine Bluff, Jefferson county....... 17 44,013 17,193 39.06 |
| | = =5 =
Rest of state (for homes)............-..+- | 774 1,092,516 518,635 7 AT
|

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.

| Average | x | Average |
value of | “Vetage Total | annual | 4.
each | aaa | One 1 | interest See
CIVIL DIVISIONS. incum- | He | eeu | charge ets
Hered | on each in eres | on each | tate o
ara OP ne or | charge. | farm or interest.
home. OTS | home. |
| |
|
The State... $1,554 $678 | $293,836 $64 9.44
For farms...... 1,382 613 | 190 ,046 | 57 9.35
For homes 1,999 845 | 103,790 81 9.60
= —— |=
Four cities (for homes)...........22. 0 2,897 1,112 54,214 107 | 9.63
|
Fort Smith, Sebastian county....| 2,560 1,180 | 4,600 105 | 8.86
Hot Springs, Garland county...., 6,900 | 2,085 | 4,030 | 202 9.90
Little Rock, Pulaski county...... | 2,756 | 1,066 | 44,049 | 104 | 9.72
Pine Bluff, Jefferson county....... 2,589 | 1,011 | 1,535. | 90 | 8.93
| Restof state (for homes)............:00 | 1,412 670 49 576 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: | FOR HOMES IN |
CITIES OF 8,000
TO 100,000
For farms. For homes. | LAO) AE
|
RATES OF INTEREST. |
|
For Vee Ox | || For
number For | number For number For
of amount. | of amount. of amount.
families. | families. | 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.... ti
Overlomentcentsensnn sete ere OLOGN | MOrOZ | 9-08

TON PUBLIC LIBRARY

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