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Extra Census Bulletin.
No. 84. WASHINGTON, D. C. September 28, 1894.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN TEXAS.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. C, September 12, 1894.
Sir:
The leading results of the investigation of farm and home proprietorship in Texas for 1890, conducted by
Special Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 49.23 per cent of the farm families hire and 50.77 per cent own the farms cultivated by them;
that 5.72 per cent of the farm owning families own subject to incumbrance and 94.28 per cent own free of incumbrance.
Among 100 farm families, 49 hire their farms, 3 own with incumbrance, and 48 without incumbrance. On the owned
farms there are liens amounting to $6,494,633, which is 41.68 per cent of their value, and this debt bears interest at
the average rate of 8.38 per cent, making the average annual interest charge $75 to each family. Each owned and
incumbered farm, on the average, is worth $2,158, and is subject to a debt of $899.
The corresponding facts for homes are that 60.86 per cent of the home families hire and 39.14 per cent own
their homes; that of the home owning families 95.73 per cent own free of incumbrance and 4.27 per cent with
incumbrance. In 100 home families, on the average, 61 hire their homes, 2 own with incumbrance, and 37 without
incumbrance. The debt on owned homes aggregates $2,958,082, or 42.26 per cent of their value, and bears interest
at the average rate of 9.42 per cent, so that the annual amount of interest to each home averages $103. An average
debt of $1,090 incumbers each home, which has the average value of $2,580.
There are 11 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
67.74 per cent of the home families hire and 32.26 per cent own their homes, and of the home owning families 6.02
per cent own with incumbrance and 93.98 per cent own free of incumbrance. In 100 home families, on the average,
are found 68 that hire their homes, 2 that own with incumbrance and 30 that own without incumbrance. The liens
on the owned homes are 44.31 per cent of the value of those subject to lien. Several averages show that the rate
of interest is 9.71 per cent; value of each owned and incumbered home, $3,671 ; lien on the same, $1,627, and yearly
interest charged on each home, $158.
Real estate purchase and improvements, when not associated with other objects, caused 93.99 per cent of the
farm families to incur 82.84 per cent of the farm debt and 92.55 per cent of the home families to incur 60.29 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 : 1890.
CIVIL DIYI-K'NS
The State
For farms
For homes
Eleven cities (for homes)
Austin
Dallas
Denison
El Paso
Fort Worth
Galveston
Houston
Laredo
Paris
San Antonio
Waco
Rest of state (for homes)..
KAMILIL.S OWNING.
248,782
162,469
43,067
2,807
6,968
2,455
2,082
4,239
5,837
5,185
2,162
1,516
7,108
2,708
126,314
63,592
119,093
60,879
1,068
1,774
1,219
1,710
1,722
7,221
2,713
Families
hiring.
122,468
98,877
29,173
1,739
5,194
1,647
1,607
3,020
4,127
3,463
1,508
860
4,471
1,537
PERCENTAGE OF
FAMILIES OWNING
AND HIRING.
50.77
39,14
49.23
60.86
61.95
74.54
67.09
77.19
71.24
70.70
66.79
69.75
56.73
62.90
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING FAMILIES.
94.28
95.73
94.66
88.44
95.17
93,89
97.05
93.22
94.66
96.94
94.97
97.84
87.02
96.22
5.72
4.27
5,34
11.56
4.83
6.11
2.95
6.78
5.34
3.06
5.03
2.16
12.98
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING AND HIRINC
FAMILIES.
47.87
37.47
22.52
31.32
21.42
27.91
27.31
31.44
29.32
41.09
Incum-
bered.
2.90
1.67
1.77
0.93
2.18
0.80
5.61
Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON : 1890.
CIVIL DIVISIONS.
Number
of families
owning
with in-
cumbrance.
Value.
Incum-
brance.
Percentage
of incum-
brance
of value.
9,934
$22,583,519
89,452,715
41.86
7,221
2,713
15,583,093
7,000,426
6,494,633
2,958,082
41. 6S
42.26
836
3,068,863
1,359,77L
41.31
57
205
39
29
36
116
92
20
33
57
152
152,442
446,410
122,550
169,710
623,357
392,146
203,701
27,380
101,850
665,200
164,117
45,222
243,368
34,400
51,310
335,780
12G 511
008
'7,767
36,630
304,400
78,345
29.67
54,52
28.07
30.25
53.87
32.26
42.22
64.89
35.96
45.76
47.74
1,877
3,931,563
1,598,311
40.65
OWNERSHIP AND DEBT IN TEXAS. 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:
1890.
CIVIL DIVISIONS,
brance on
each farm
or home.
Total
annual
interest,
charge.
interest
charge on
each farm
The State
For farms
For homes
Eleven cities (for homes)
Austin
Dallas
Denison
El Paso
Fort Worth
Galveston
Houston
Laredo
Paris
San Antonio
Waco
Rest of state (for homes)
2,158
2,580
544,180
278,672
1,627 131,993
1,187
24,337
SS2
3,440
1,770
5,174
9,327
33,618
1,091
10,281
935
7,271
888
1,777
1,110
4,053
5,310
29,585
515
8,657
9.71
8.40
10.00
10.00
10.08
10.01
8.13
8.45
10.00
11.06
Table 4.
-PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF
AMOUNT OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890.
RATES OF INTEREST.
THE STATE.
Under 6 per cent
6 per cent
7 per cent
8 percent
6 to 8 per cent, inclusive .
Over 6 per cent
Over 8 per cent
Over 10 percent
Over 12 per cent
22.53
1.26
0.15
11.63
13.06
76.21
64.41
1.52
1.69
0.34
13.44
15.50
72.57
58.76
14.52
15.00
4.15
1.43
19.59
21.02
91.42
74.83
4.21
FOR HOMES IN
CITIES OF 8,000 TO
100,000 PEOPLE.
For
number . For
of I amount,
families
26.55
26.55
100.00
73.45
16.27
20.37
20.37
100.00
BOSTON PUBLIC LIBRARY
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