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Full text of "Extra census bulletin"

cJV?. *HA201 . 1890 . A 2 
Aug. IB9 
n. 13 



4- 







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Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



i 



http;//www.archive.org/details/extracensusbulle86unit 



Extra Census Bulletin. 

No, 86, WASHINGTON, D. c. October 1, 1894. 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN NORTH DAKOTA. 



DEPARTMENT OF THE INTERIOR, 
Census Office, 
Washington, D. O, 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 S. 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. 

The corresponding facts for homes are that 54.70 per cent of the home families hire and 45.30 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. O. P.— lm 



FARMS, HOMES, AND MORTGAGES. 



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

FARMS AND HOMES : 1890. 



CIVIL DIVISIONS. 


Aggre- 
gate. 


FAMILIES OWNING. 


Families 
hiring. 


PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 


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


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




Total. 


Free. 


Incum- 
bered. 


Owning. 


Hiring. 


Free. 


Incum- 
bered. 


Free. 


Incum- 
bered. 




38,478 


30,076 


16.414 


13,662 


8,402 


78.16 


21.84 


54.58 


45.42 


42.66 


35.50 








28,225 
10,253 


25,431 

4,045 


13,054 
3,360 


12,377 
1,285 


2,794 
5,608 


90.10 
45.30 


9.90 
54.70 


51.33 
72.34 


48.67 
27.66 


46.25 
32.77 


43.85 




12.53 











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

OF INCUMBRANCE THEREON : 1890. 





Number 










of families 






Percentage 




owning 




Incum- 


ofincum- 








brance. 


of value. 




brance. 










13.662 


$33,401,808 


812,159,628 


36.40 








11,168,854 


36.30 




1,285 


2,632,582 


990,774 


37.61 





OWNERSHIP AND DEBT IN NORTH 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 : 
1890. 



CIVIL DIVISIONS. 


- Average 

eaoh _ jbranceon 
. . j, each farm 
bered farm „„t,~.- 
. or home. 
or home. 


Total 
annual 
interest 
charge. 


Average 
annual 

interest 
charge on 
each farm 

or home. 


Average 
annual 
rate of 

interest. 




82,445 5890 


$1,158,744 


S85 


9.53 




2,486 
2,049 


902 
771 


1,065,385 
93,359 


86 
73 


9.54 
9.42 







-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 per cent 

6 to 8 per cent, inclusiv 

Over 6 percent 

Over 8 per cent 

Over 10 per cent 

Over 12 percent 



0.45 
0.85 
7.26 
9.24 
18.45 
98.70 
81.10 



0.67 
0.86 
6.35 
11.04 
21.77 
98.47 
77.56 
17.31 16.76 



1.32 
3.66 
7.39 
13.31 
24.83 
95.02 
73.85 
23.19 
1.32 



27.78 
94.53 



BOSTON PUBLIC LIBRARY 



3 9999 06398 553 3 



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