Extra census bulletin

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EXTRA CENSUS BULLETIN.

WASHINGTON, D. C. October 1, 1894,

No, 86.

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN NORTH DAKOTA.

DEPARTMENT OF THE INTERIOR,
Crensus OFFICE,
Wasuineton, D. C., September 17, 1894.
Sir:

The leading results of the investigation of farm and home proprietorship in North Dakota for 1890, conducted
by Special Agents George K. Holmes and John 8. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 9.90 per cent of the farm families hire and 90.10 per cent own the farms cultivated by them; that
48.67 per cent of the farm owning families own subject to incumbrance, and 51.33 per cent own free of incumbrance.
Among 100 farm families, 10 hire their farms, 44 own with incumbrance, and 46 without incumbrance. On the
owned farms there are liens amounting to $11,168,854, which is 36.30 per cent of their value, and this debt bears
interest at the average rate of 9.54 per-cent, making the average annual interest charge $86 to each family. Each
owned and incumbered farm, on the average, is worth $2,486, and is subject to a debt of $902.

Lhe corresponding facts for homes are that 54.70 per cent of the home families hire and 45.80 per cent own
their homes; that of the home owning families 72.34 per cent own free of incumbrance and 27.66 per cent with
incumbrance. In 100 home families, on the average, 55 hire their homes, 12 own with incumbrance, and 33 without
incumbrance. The debt on owned homes aggregates $990,774, or 37.64 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 $73. An average
debt of $771 incumbers each home, which has the average value of $2,049.

Real estate purchase and improvements, when not associated with other objects, caused 42.14 per cent of the
farm families to incur 46.67 per cent of the farm debt and 71.28 per cent of the home families to incur 72.06 per
cent of the home debt.

Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The SECRETARY OF THE INTERIOR.
C. 0. P.—im

2

FARMS, HOMES, AND MORTGAGES.

TaBte 1.—NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES : 1890.

| N | | = x z
| | N | |
| | PERCENTAGE OF
| | RKO eSTuNenes Oe FAMILIES OWNING
| PERCENTAGE OF || FAMILIES OWNING Sina AED TGUTTe
FAMILIES OWNING. | FAMILIES OWNING || TREE AND INCUM- | Jaren on TOTAL
| AND HIRING. | BERED OF TOTAL |, 2 <j
S seed Aggre- Families || owninG wantemes;) || OV NS Ano SUNS
CIVIL DIVISIONS. gate. | hiring. } | FAMILIES.
| | | |
| |
| Total. > er Incum- ok | Hi | op Incum- | PF Incum-
otal. || ee. bered. wning | iring. i Tree, bered l ree. bered.
S| | | | j | |
} | | \|
MWe States recsscccavesectavescnenee 38,478 || 30,076 | 16,414 18,662 | 8,402 || 78.16 | 21.84 | 54.58 | 45.42 | 42.66 35.50
I = = = =1 |
For farms 28,225 | 25,431 13,054 12,877 | 2,794 || 90.10 | 9.90 51.33 | 48.67 46.25 43.85
For homes 10 , 253 4,645 3,360 1,285 | 5,608 | 45.30 | 54.70 | 72.34 | 27.66 | 32.77 12.53
{| |
| I | | | |

TABLE 2.—VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON : 1890.

Number |
| of families Percentage
CIVIL DIVISIONS. Ow Dane Value. incu. efameurs))

with brance. brance
| incum- of value. |
| brance, |
| i}
IPNVEIStAte li ecsc-cescaesxssccccescsccensennnss | 13,662 | $33,401,808 | $12,159 ,628 36.40 |
|
For farms... 12,377 30,769 , 226 11,168,854 36.30 |
For homes. 1,285 2,632,582 990,774 | 37.64

OWNERSHIP AND DEBT IN NORTH DAKOTA. 3

TasLE 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.
(= Tyas: evr Fi ra % | e |
| |
Average | Average | |
A
value of | a Total | annual | Average |
oi, DRT ORE: _ each | yeaa Grn annual | interest | annual |
incum- | interest | charge on rate of
each farm ‘
bered farm charge. each farm interest.
, or home. |
or home. | | or home. | |
| |
MhelStateene ete aes ty $2,445 | $890 | $1,158,744 | $85 9.53 |
iForfarmstee ects sce ele 486 | 902 | 1,085,385 | 86 | 9.54 |
| For homes.......... | 2,049 | 771 93,359 | 73 | 9.42 |
i

Tan_e 4.—PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890.

THE STATE.
For farms. For homes.
RATES OF INTEREST.

| For For

| number For number For

| of | amount. of amount. |

gore | families.

lee as -| } |
Under 6 per cent .... 0.45 0.67 1.32 1.48 |
6 per Cent w.eceseeceesee 0.85 | 0.86 | 3.66 3,99
7 per cent ...........-... 7.26 6.35 7.39 6.12
8 per cent 9.24 11.04 13.31 16.76
6 to 8 per cent, inclusive .................. 18.45 21.77 24.83 27.78 |
OW er GI DEMICE NM beeesetcerectdaenecesstieese=ee 98.70 98.47 95,02 94.53 |
Over 8 per cent... 81.10 77.56 || 73.85 70.74 |
Oserl0jper centr ctrrerrsses | 17.31 16.76 || 23.19 13.57 |
Oxertlziperice nts eee eee 211 De9Um) | ede 32 0.88 |
|

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