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EXTRA CENSUS BULLETIN.

WEA SHINGEON: Ds C:;

October 3, 1994,

No. 88. e

SATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN OREGON.

DEPARTMENT OF THE INTERIOR,
Census OFFICE,
Wasuineton, D. C., September 19, 1894.
Sir:

The leading results of the investigation of farm and home proprietorship in Oregon 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 18.58 per cent of the farm families hire and 81.42 per cent own the farms cultivated by them;
that 23.36 per cent of the farm owning families own subject to incumbrance and 76.64 per cent own free of
incumbrance. Among 100 farm families, 19 hire their farms, 19 own with incumbrance, and 62 without incumbrance,
On the owned farms there are liens amounting to $6,841,047, which is 29.85 per cent of their value, and this debt
bears interest at the average rate of 9.06 per cent, making the average annual interest charge $118 to each family.
Each owned and incumbered farm, on the average, is worth $4,359 and is subject to a debt of $1,301.

The corresponding facts for homes are that 53.28 per cent of the home families hire and 46.72 per cent own
their homes; that of the home owning families, 71.96 per cent own free of incumbrance and 28.04 per cent with
incumbrance. In 100 home families, on the average, 53 hire their homes, 13 own with incumbrance, and 34 without
incumbrance. The debt on owned homes aggregates $6,619,499, or 28.45 per cent of their value, and bears interest
at the average rate of 8.72 per cent, so that the annual amount of interest to each home averages $122, Anaverage
debt of $1,398 incumbers each home, which has the average value of $4,914.

There are 2 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
66.25 per cent of the home families hire and 33.75 per cent own their homes, and of the home owning families, 67.72
per cent own with incumbrance and 32,28 per cent own free of incumbrance. In 100 home families, on the average,
are found 66 that hire their hom¢s, 23 that own with incumbrance, and 11 that own without incumbrance. The
liens on the owned homes are 28.51 per cent of the value of those subject to lien. Several averages show that the
rate of interest is 8.58 per cet; value of each owned and incumbered home, $7,080; lien on the same, $2,018, and
yearly interest charge on each home, $173.

Real estate purchase and improvements, when not associated with other objects, caused 61.82 per cent of the
farm families to incur 65.01 per cent of the farm debt and 83.27 per cent of the home families to incur 82.77 per
cent of the home debt.

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

2

FARMS, HOMES, AND MORTGAGES.

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

FAMILIES OWNING. |

PERCENTAGE OF
FAMILIES OWNING

|
|

|
PERCENTAGE OF
FAMILIES OWNING

FREE AND INCUM-

PERCENTAGE OF

FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL

AND HIRING. || BERED OF TOTAL eae a
er ‘ : Aggre- | | Families | | Guanine momma, | OSE 28D arene:
CIVIL DIVISIONS. gate. | hiring. | | FAMILIES.
| —— a il i =
| | |
| Inecum- : ner | | Incum-
Totai. Free. pencil. Owning. | Hiring | | Free. | heal.
—— ae mec te | |= | \) |
The State ..-......2.-c.ces--+ 63,791 | 39,392 29,400 9,992 24,399 61.75 | 38.25 74.63 | 25 37 46.09 15.66
=~ a —————— — —| —--———||--- oo _ —_—— | —
|
For farms. | 27,639 22 503 17,246 | 5,257 5,136 81.42 18.58 | 76.64 | 23.36 | 62.40 | 19.02
For homes... | 36,152 16,889 | 12,154 4,735 19,263 46.72 | 53.28 | TLS || 28.04 33.62 | 13.10
Two cities (for homes) .........---+ 8,803 || 2,971 959 | 2,012 5,832 || 33.75 | 66.25 || 32.28 | 7.72, || 10.89) | 22.86
—-| |__| =e | et =z
East Portland 2,067 | 916 362) | 554 1,151 44,32 | 55.68 | 39.52 | 60.48 | 17.52 | 26.80
Portland..........- 6,736 | 2,055 597 | 1,458 4.681 | 80.51 | 69,49 | 29.05 | 70.95 | 8.86 | 21.65
| Ad = == a = :
Rest of state (for homes).......-.... 27,849 || 18,918 || 1,195 | 2,728 13,431 50.89 | 49.11 | 80,44 19.56 40.93 9.96
i

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TABLE

OF INCUMBRANCE THEREON : 1890.

‘Number of | | |
| families | Percentage!
CIVIL DIVISIONS. owns Value. | Incumbrance.| 0f 2CU™: |
with | brance of |
| incum- | | value. |
| brance. | |
| | |
aa. = | | | |
AD oY) SENN hnoce son aceccacaddcosseceneos 9,992 $46 185,727 | $13,460 546 | 29.14 |
IRL We ANS eeetorestcterettesteertecaccaeesees | 5,257 22,917,078 | 6 841,047 | 29.85
For homes.. | 4,735 23,268,654 6,619 499 | 2
Two cities (for homes).........-e.2ee0 | 2,012 14,244,104 | 4,060,788 | 28.51 |
East Portland | 554 | 3,157,041 901 682 28.56
Portland........... =} 1,458 11,087 ,063 3,159 056 28.49
| Rest of state (for homes). ................- | 2,723 9,024,550 2,558,761 28.35

VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE

OWNERSHIP AND DEBT IN OREGON. 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.
Average | Average |
value of ENGERE Total annual Average
: F each eee annual | interest | annual
NTE DINARTOS Es incum- sae Os interest | charge on rate of
|bered farm a Bee charge. | each farm’ interest. |
| | or home. | ormomes or home.
| | | |
BOING SUEND econsecoxmeenooceeneenoaee $4,622 $1,347 | $1,197,066 | $120 | 8.89
For farms. 4,359 1,301 619,661 | 1s | 9.06
For homes .... 4,914 1,398 577,405 | ep} Saie,
| Two cities (for homes) ...........-.0..-+--+ 7,080 2,018 348,479 | 173 8.58
Masti ontlandreeecsesctseessesseressesere 5,699 1,628 79,023 143 | 8.76
Leto) EWE losemevarcersernosncecacchaodoaure 7,604 2,167 269 456 185 8.53
Rest of state (for homes) .................. 3,314 940 228 ,926 84 8.95

TasLE 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.

|
}
| \
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|
|

| THE STATE. |
| FOR HOMES IN
— - - — CITIES OF 8,000 TO
100,000 PEOPLE.
| For farms. For homes. | |

| For For | || For | |
| number For number} For | number! For |
of amount, of amount. of ‘amount.
| families. families. families. | |
|) Winder 6iper! centre scceceerensnsnersenas | 0.46 0.37 0.89 | 0.67 0,45 | 0.30
| 6 per cent .. 3.18 2.60 | 213) | 2.61 1.09 | 2.08
7 per cent ... 2.07 2.31 | 1.46 2.82 1.84 | 3.81
| Sper Cent oe ecseseseeeeceeenese 31.12 31.70 || 24.50 35.48 | 24.50 38.28
| 6 to 8 per cent, inclusive 7.21 38.12 28.81 42.66 28.53 46.55

Over 6 per cent....
Over 8 per cent.

Over 10 per cent...

Over 12 percent... ee. ieee ss eeeeneee|

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