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Full text of "Extra census bulletin"

LE 



—an 

jyo *HA20I . 1890. A2 

Auq. 1894- 
Jan. IB 95 



Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



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http://www.archive.org/details/extracensusbulle80unit 



Extra Census Bulletin. 



No. 80. WASHINGTON, D. c. September 24, 1894. 

STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN SOUTH DAKOTA. 



DEPARTMENT OF THE INTERIOR, 

Census " Office, 
Washington, D. C, September 3, 1894. 
Sir: 

The leading results of the investigation of farm and home proprietorship in South Dakota, conducted by Special 
Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the conclusion is 
that 16.19 per cent of the farm families hire and 83. SI per cent own the farms cultivated by them; that 52.38 per 
cent of the farm owning families own subject to incumbrance and 47.62 per cent own free of incumbrance. Among 
100 farm families, 16 hire their farms, 44 own with incumbrance, and 40 without incumbrance. On the owned farms 
there are liens amounting to 815,481,634, which is 38.56 per cent of their value, and this debt bears interest at the 
average rate of 9.52 per cent, making the average annual interest charge §68 to each family. Each owned and 
incumbered farm, on the average, is worth $1,846, and is subject to a debt of $712. 

The corresponding facts for homes are that 45.12 per cent of the home families hire and 54.88 per cent own 
their homes; that of the home owning families 63.16 per cent own free of incumbrance and 36.84 per cent with 
incumbrance. In 100 home families, on the average, 45 hire their homes, 20 own with incumbrance, and 35 without 
incumbrance. The debt on owned homes aggregates $2,851,767, or 35.95 per cent of their value, and bears interest 
•at the average rate of 9.49 per cent, so that the annual amount of interest to each home averages $65. An average 
debt of $681 incumbers each home, which has an average value of $1,894. 

There is only 1 city in the state, Sioux Falls, in the class of those having a population of 8,000 to 100,000, and 
in this city 55.67 per cent of the home families hire and 44.33 per cent own their homes, and of the home owning 
families 52.28 per cent own with incumbrance and 47.72 per cent own free of incumbrance. In 100 home families, 
on the average, are found 56 that hire their homes, 23 that own with incumbrance, and 21 that own without 
incumbrance. The liens on the owned homes are 31.44 per cent of the value of those subject to lien. Several 
averages show that the rate of interest is 8.51 per cent; value of each owned and incumbered home, $3,738; lien 
on the same, $1,175, and yearly interest charge on each home, $100. 

Real estate purchase and improvements, when not associated with other objects, caused 38.34 per cent of the 
farm families to incur 38.77 per cent of the farm debt and 66.97 per cent of the home families to incur 65.85 per 
cent of the home debt. 

Very respectfully, 

CARROLL D. WRIGHT, 

Commissioner of Labor in charge. 

The Secretary of the Interior. 

C. 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. Aggregate. 


FAMILIES OWNING. 


Families 
hiring. 


PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 


PERCENTAGE OF FAM- 
ILIES OWNING FREE 
AND INCUMBERED 
OF TOTAL OWNING 
FAMILIES. 


PERCENTAGE OF FAM- 
ILIES OWNING FREE 

AND INCUMBERED OF 
TOTAL OWNING AND 
HIKING FAMILIES. 




Total. 


Free. 


Incum- 
bered. 


Owning. 


Hiring. 


Free. 


Incum- 
bered. 


Free. 


Incum- 
bered. 




52,886 


26,949 


25,937 | 17,364 


75.28 


24.72 


50.96 


49.04 


38.36 


36.92 










41,521 
11,365 


19,771 
7,178 


21,750 8,019 
4,187 9,345 


83.81 
54.88 


16.19 
45.12 


47.62 f 52.38 
63.16 36.84 


39.91 
34.66 


43.90 




20.22 










790 


377 


413 


992 


44.33 


55.67 1 47.72 52.28 


21.15 


23.18 








10,575 


6,801 




8.353 


55.87 


44.13 64.31 35.69 


35.93 


19.94 






1' 





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 in- 
cumbrance 


Value. 


brance. 


Percentage 
of incum- 

brance 
of value. 




25,937 


848,080,732 


818,333,401 


38.13 






21,750 
4,187 


40,118,585 
7,932,147 


15,481,634 
2,851,767 




Rest of state (for homes).. 


35.95 j 


413 


1,543,608 


485,250 


31.41 


3,774 


6,388,539 


2,366,517 


37.01 



OWNERSHIP AND DEBT IN SOUTH DAKOTA. 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 
each in- 
cumbered 
farm or 
home. 


tleu nge Tota ' 
in um- annual 
brance on . . . 
, „ interest 
each farm , 

, charge, 
or home. 


1 
Average 

annual Average 
interest , annual 
charge on rate of 
each farm interest, 
or home. 




$1,854 


$707 81,744,743 


$67 9.52 




1,846 
1,894 


712 
681 


1,474,185 
270,558 


68 
65 


9.52 
9.49 




Sioux Falls (for homes) 
Rest of state (for homes)... 


3,738 


. 1,175 


41,282 


100 


8.51 


1,693 


627 


229,276 


61 


9.69 



Table 4.— PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCDMBERED FARMS AND HOMES AND OF AMOUNT 
OF INCUMBRANCE THEREON, BY RATES OF INTEREST. 



THE STATE. 



FOR HOMES IN 
CITIES OF 8,000 TO 
100,000 PEOPLE. 



RATES OF INTEREST. 



For 
amount. 



For 
number 



For 
amount. 



Under 6 per cent 0.28 0.46 0.19 0.20 

6 per cent 0.97 1.22 ; 3.30 j 3.14 , 3.63 4.87 

7 percent 3.60 3,37 4.90 j 5.83 j 11.38 10.67 

8pereent ' 10.70 11.09 14.52 | 15.54 I 25.67 25.12 

6 to 8 per cent, inclusive... 16,33 17.37 23.58 26.62 ' 43.83 45.85 

Over 6 per cent 98.75 j 98.32 96.51 96.66 96.37 95.13 

Over8percent 83.39 82.17 76.23 73.18 56,17 54.15 

Over 10 per cent 9.99 10.98 20.87 16.01 2.18 0.85 

Over 12 per cent 1.61 | 1.80 [ 2.27 1.82 0.24 0.02 



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