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Full text of "Extra census bulletin"

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Aug. 1 89+- 
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Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



http://wWw.archive.org/details/extracensusbulle87unit 



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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