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Full text of "Extra census bulletin"

JV? *HA20I .J890.A2 
Aug. IB9 
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Digitized by the Internet Archive 

in 2010 with funding from 

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Extra Census Bulletin. 



No. 81. WASHINGTON, D. C. September 25, 1894. 

STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN MICHIGAN. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 
Washington, D. C, September 0, 189-1. 
Sir: 

The leading results of the investigation of farm and home proprietorship in Michigan, conducted by Special 
Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the conclusion is 
that 17.01 per cent of the farm families hire and 82.99 per cent own the farms cultivated by them; that 49.35 per 
cent of the farm owning families own subject to incumbrance and 50.65 per cent own free of incumbrance. Among 
100 farm families, 17 hire their farms, 41 own with incumbrance, and 42 without incumbrance. On the owned 
farms there are liens amounting to 164,414,986, which is 32.38 per cent of their value, and this debt bears interest 
at the average rate of 7.10 per cent, making the average annual interest charge 163 to each family. Each owned 
and incumbered farm, on the average, is worth $2,748, and is subject to a debt of $890. 

The corresponding facts for homes are that 49.51 per cent of the home families hire and 50.49 per cent own 
their homes; that of the home owning families 67.75 per cent own free of incumbrance and 32.25 per cent with 
incumbrance. In 100 home families, on the average, 50 hire their homes, 16 own with incumbrance and 34 without 
incumbrance. The debt on owned homes aggregates $28,801,077, or 34.50 per cent of their value, and bears interest 
at the average rate of 7.18 per cent, so that the annual amount of interest to each home averages $46. An average 
debt of $636 incumbers each home, which has the average value of $1,842. 

There are 19 cities in the class of those having a population of 8,000 to 100,000, and in these cities 51.07 per 
cent of the home families hire and 48.93 per cent own their homes, and of the home owning families 37.62 per cent 
own with incumbrance and 62.38 per cent own free of incumbrance. In 100 families, on the average, are found 51 
that hire their homes, 18 that own with incumbrance, and 31 that own without incumbrance. The liens on the 
owned homes are 35.54 per cent of the value of those subject to lien. Several averages show that the rate of 
interest is 7.22 per cent; value of each owned and incumbered home, $1,991; lien on the same, $708, and yearly 
interest charge on each home, $51. 

Detroit is the only city in the state having a population of more than 100,000. In this city, 58.33 per cent of 
the home families hire and 41.67 per cent own their homes; 37.03 per cent of the home owning families have 
incumbrance on their homes, and 62.97 per cent own and occupy homes free of incumbrance. Among 100 families, 
on the average, 58 hire, 16 own with incumbrance, and 26 without incumbrance. Averages for each owned and 
incumbered home : incumbrance, $961 ; value, $2,635 ; interest charge for one year, $65 ; rate of interest, 6.77 per 
cent. Homes are incumbered for 36.49 per cent of their value. 

Real estate purchase and improvements, when not associated with other objects, caused 75.41 per cent of the 
farm families to incur 79.58 per cent of the farm debt and 80.62 per cent of the home families to incur 79.91 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 



2 FARMS, HOMES, AND MORTGAGES. 

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

FARMS AND HOMES. 



CIVIL DIVISIONS. 



For farms . 
For homes- 



Detroit (for homes).. 



Nineteen cities (for homes).. 



Adrian 

Alpena 

Ann Arbor 

Battle Creek 

Bay city 

Flint 

Grand Rapids... 
Iron Mountain.. 

Ishpeming 

Jackson 

Kalamazoo 

Lansing 

Manistee 

Marquette 

Menominee 

Muskegon 

Port Huron 

Saginaw 

West Bay 



Rest of state (for homes) 164 



Aggre- 
gate. 



176,764 
278,240 



146,697 
140,485 



34,855 



2,548 


1,601 


1,904 


4,783 


2,804 


9,315 


2,538 


164,892 



1,340 
1,399 
1,241 
1,508 
2,483 
1,243 
5,916 
576 
' 705 
2,190 
2,115 
1,460 
1,246 



2,413 
1,265 
4,871 
1,212 



88,081 



74,302 
95,173 



1,063 
1,053 



1,410 
1,131 



72,395 
45,312 



Families 
hiring. 



PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING : 



PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING AND HIRING 
FAMILIES. 



30,067 
137,755 



3,011 
1,037 



45 


751 


123 


1,189 


780 


2,597 


984 


1,776 


560 


1,448 


582 


1,302 


199 


841 


248 


1,022 


934 


2,370 


410 


1,539 


1,515 


4,444 


494 


1,326 


25,700 


76,811 



82.99 
50.49 



48.93 



62.85 
61.04 
55.93 
47.42 
45.19 
54.52 
44.57 
43.41 
37.22 
45.75 
54.36 
50.21 
48.90 
47.47 
46.32 
50.45 
45.11 
52.29 
47.75 



17.01 
49.51 



51.07 



53.42 



37.15 
38.96 
44.07 
52.58 
54.81 
45.48 
55.43 
56.59 
62.78 
54.25 
45,64 
49.79 
51.10 
52.53 
53.68 
49.55 
54.89 
47.71 
52.25 



50.65 
67.75 



49.35 
32.25 



37.62 



46.58 



65.59 
54.91 
61.30 
65.16 
47.61 
92.19 
82.55 
64.38 
53.48 
61.64 
53.29 
73.82 
71.88 
61.29 
67.59 



20.67 
21.73 
34.41 
45.09 
38.70 
34.84 
52.39 
7.81 
17.45 
35.62 
46.52 
38.36 
46.71 
26.18 
28.12 
38.71 
32.41 
31.10 
40.76 



42.03 
34.21 



30.52 



Incum- 
bered. 



49.86 

45.94 

36.69 

26.04 | 

27.70 

35.53 

21.22 | 



29.46 
29.07 
30,95 
26.06 
35.04 
33,30 
30.92 
30.49 



40.96 
16.28 



18.41 



12.99 
15.10 
19,24 
21.38 
17.49 
18.99 
23.35 
3.39 
6.49 
16.29 
25.29 
19.26 
22.84 
12.43 
13.02 
19.53 
14.62 
16.26 
19.46 



15.59 



OWNERSHIP AND DEBT IN MICHIGAN. 3 

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

OF INCUMBRANCE THEREON. 



CIVIL DIVISIONS. 



The State 

For farms 

For homes 

Detroit (for homes) 

Nineteen cities (for homes) 

Adrian 

Ann Arbor 

Battle Creek 

Bay city 

Flint 

Grand Rapids 

Iron Mountain 

Ishpeming 

Jackson 

Kalamazoo 

Lansing 

Manistee 

Marquette 

Menominee 

Muskegon 

Port Huron 

Saginaw 

West Bay 

Rest of state (for homes).... 



Incumbrance. 



72,395 
45,312 



brance 
of value. 



,450,072 S93,216,063 



1,964,438 
,485,634 



411,782 

405,920 

1,177,585 

1,427,958 

1,631,453 

697,966 

7,373,254 

91,362 

328,757 

1,786,126 

2,339,805 

1,106,547 

829,679 

619,748 

571 ,279 

1,174,965 

714,926 

2,606,656 

812,808 

40,251,737 



64,414,986 
28,801,077 



155,638 
140,248 
433,421 
517,636 
639,652 
233,354 
,713,885 
21,646 
127,441 
634,745 
813,069 
416,173 
271,216 
178,870 
196,790 
376,794 
241,197 
897,367 
270,764 



32.38 
34.50 



35.54 

37.80 
34.55 
36.81 
36.25 
39.21 
33.43 
36.81 
23.69 
38.76 
35.54 
34.75 
37.61 
32.69 
28.86 
34.45 
32.07 
33.74 
34.43 
33.31 

32.97 



FARMS, HOMES, AND MORTGAGES. 



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 ! . 

value Average 
of each , lncum - Total 

ineum- : brane * annual inter- 

bered | °" eac * est charge 
farm or I far m 

home. °' h ° me 



The State 

For farms 

For homes 

Detroit (for homes) 

Nineteen cities (for homes) 

Adrian 

Alpena 

Ann Arbor 

Battle Creek 

Bay city 

Flint 

Grand Rapids 

Iron Mountain 

Ishpeming 

Jackson 

Kalamazoo 

Lansing 

Manistee 

Marquette 

Menominee 

Muskegon 

Port Huron 

Saginaw 

West Bay 

Rest of state (for homes).... 



2,748 
1,842 



1,991 



1,487 
1,173 
2,758 
2,100 
1,698 
1,612 
2,367 
2,030 
2,673 
2,290 
2,378 
1,976 
1,426 
3,114 
2,304 
1,258 
1,744 
1,721 
1,645 



Average 
annual I . 
interest | A ™rage 
■ annual 

on each ra * e °*" 
farm or 
home. 



4,574,679 
2,068,534 



670,024 



1,566 



10,215 
10,976 
28,520 
37,010 
47,859 
16,880 
195,332 
1,716 
10,083 
42,874 
56,793 
30,354 
20,543 
13,971 
15,443 
29,022 
17,496 
64,121 
20,816 



975,471 



interest 



7.10 
7.18 



6.58 
7.15 
7.48 
7.23 
7.20 
7.93 
7.91 
6.75 
6.99 
7.29 
7.57 
7.81 
7.85 
7.70 
7.25 
7.15 



Table 4. 



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



KATES OF INTEREST. 



THE STATE. 



For | For 

number ! For number For 

of | amount. \ of | amount, 
families. families. 



Under 6 per cent | 1.59 

6 per cent I 8,74 

7 per cent ! 43.69 

8 per cent 28.65 

6 to 8 per cent, inclusive I 86.91 

Over 6 percent \ 89.67 



Over 8 per cent... 
Over 10 per cent- 
Over 12 per cent.. 



11.50 
0.13 
0.05 



14.42 
49.09 
18.61 
92.36 
82.97 
5.03 
0.06 
0.02 



1.53 

7.82 
52.44 
24.90 
87,92 
90.65 
10.55 
0.15 
0.08 



12.48 
54.99 
19.11 
92.31 
85.88 
6.05 
0.11 
0.01 



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



For 
amount. 



1.53 
7.57 
51.76 
27.96 
90.52 
90.90 
7.95 
0.15 
0.08 



1.40 
10.45 
55.08 
22.65 
93.79 
88.15 
4.81 
0.10 
0.06 



10.39 
82.23 
3.21 
97.42 
87.40 
0.37 
0.03 



1.91 
20.34 
71.63 

2.10 
97.60 
77.75 

0.49 

0.02 



BOSTON PUBLIC LIBRARY 



3 9999 06398 553 3 



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