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Extra Census Bulletin.
No. 87, WASHINGTON, D. C. October 2, 1894.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN MISSISSIPPI.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. O, September 19, 1894.
Sir:
The leading results of the investigation of farm and. home proprietorship in Mississippi 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 62.27 per cent of the farm families hire and 37.73 per cent own the farms cultivated by them;
that 7.70 per cent of the farm owning families own subject to incumbrance and 92.30 per cent own free of incumbrance.
Among 100 farm families, 62 hire their farms, 3 own with incumbrance, and 35 without incumbrance. On the owned
farms there are liens amounting to $2,899,191, which is 54.41: per cent of their value, and this debt bears interest at
the average rate of 9.79 per cent, making the average annual interest charge $61 to each family. Each owned and
incumbered farm, on the average, is worth $1,138, and is subject to a debt of $619.
The corresponding facts for homes are that 77.73 per cent of the home families hire and 22.27 per cent own their
homes; that of the home owning families 95.70 per cent own free of incumbrance and 4.30 per cent with incumbrance.
In 100 home families, on the average, 78 hire their homes, 1 owns with incumbrance, and 21 own without incumbrance.
The debt on owned homes aggregates $583,528, or 48.95 per cent of their value, and bears interest at the average
rate of 9.45 per cent, so that the annual amount of interest to each home averages $72. An average debt of $762
incumbers each home, which has the average value of $1,556.
There are 3 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
76.48 per cent of the home families hire and 23.52 per cent own their homes, and of the home owning families 8.46
percent own with incumbrance and 91.54 per cent own free of incumbrance. In 100 home families, on the average,
are found 76 that hire their homes, 2 that own with incumbrance, and 22 that own without incumbrance. The liens
on the owned homes are 42.07 per cent of the value of those subject to lien. Several averages show that the rate
of interest is 9.11 per cent ; value of each owned and incumbered home, $2,475; lien on the same, $1,041, and yearly
interest charge on each home, $95.
Real estate purchase and improvements, when not associated with other objects, caused 13.22 per cent of the
farm families to incur 13.78 per cent of the farm debt and 48.83 per cent of the home families to incur 45.06 per
cent of the home debt.
Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The Secretary of the Interior.
C O. P.— 4m
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 HIKING.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING FAMILIES.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING AND HIE-
ING FAMILIES.
Total.
Free.
bered.
Owning.
Hiring.
Free.
Incum-
bered.
Free.
bered.
211,148
78,610
73,163
5,447
162,538
32.60
67.40
93.07
6.93
30.34
2.26
60,777
17,833
56,096
17,067
4,681
766
j 100,303
1 62,235
37.73
22.27
62.27
77.73
92.30
95.70
7.70
4.30
34.82
21.31
2.91
0.96
80,068
G.9S5
1,613
1,504
139
5,342
23.52
76.48
91.54
8.46
21.53
1.99
Meridian
2,063
2,006
2,916
590
411
612
524
394
586
66
17
56
1,473
1,595
2,274
28.60
20,49
22.02
71.40
79.51
77.98
88. .81 11.19
95.86 4.14
91.28 8.72
25.40
19.64
20.10
3,20
0.85
1.92
Vicksburg
73,083
16,190
15,563
627
\ 56,893
22.15
77.85
96.13
3.87
21.29
0.86
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
brance.
Value.
ineum-
brance.
Percentage
of incum-
brance of
value.
5,447
86,517,451
S3, 482, 719
53.44
4,081
766
5,325,243
1,192,208
2,899,191
583,528
54.44
45.95
139
344,050
144,747
42.07
66
17
56
159,900
78,500
105,650
59,176
33,138
52,433
37.01
42.21
49.63
627
818,158
438,781
51.73
OWNERSHIP AND DEBT IN MISSISSIPPI. 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
bered farm
or home.
Average
each farm
or home.
Total
annual
interest
charge.
annual
interest
charge on
each farm
or home.
Average
annual
rate of
interest.
$1,197
$639
$339,088
862
9.74
1,138
1,556
619
762
283,971
55,117
61
72
9.79
9.45
2,475
1,041
13,193
95
9.11
2,423
4,618
1,887
897
1,949
936
5,794
2,851
4,548
88
168
81
9.79
8.60
8.67
1,353
700
41,924
67
9.55
Table 4.— PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890.
INTEREST.
Under 6 per cent 0.15
6 per cent 0.51
7 per cent 0.06
8 per cent
6 to 8 per cent, inclusive
Over 6 per cent i 99.34
Over 8 per cent...
Over 10 per cent-
Over 12 per cent..
THE STATE.
97.59 I
0.43
0.01
0.29
1.59
0.22
5.52
7.33
98.12
92.38
0.66
0.02
3.92
14.10
90. 9^
85.77
0.39
0.13
0.31
8.16
2.51
6.97
17.72
91.53
81.97
0.55
0.36
FOR HOMES IN
CITIES OF 8,000 TO
100,000 PEOPLE.
9.35 19.07
24.46 30.77
84.89 i 88.30
75.54 69.23
BOSTON PUBLIC LIBRARY
3 9999 06398 553 3
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