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Extra Census Bulletin.

No. 92, WASHINGTON, D. C. October 8, 1894.

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN COLORADO.

DEPARTMENT OF THE INTERIOR,

Census Office,
Washington, D. C, September 26, 1894.
Sir:

The leading results of the investigation of farm and home proprietorship in Colorado 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 19.61 per cent of the farm families hire and 80.39 per cent own the farms cultivated by them ;
that 25.48 per cent of the farm owning families own subject to incumbrance and 74.52 per cent own free of
incumbrance. Among 100 farm families, 20 hire their farms, 20 own with incumbrance, and 60 without
incumbrance. On the owned farms there are liens amounting to 15,573,154, which is 32.39 per cent of their value,
and this debt bears interest at the average rate of 9.23 per cent, making the average annual interest charge $131
to each family. Each owned and incumbered farm, on the average, is worth $4,379, and is subject to a debt of
$1,418.

The corresponding facts for homes are that 59.70 per cent of the home families hire and 40.30 per cent own
their homes ; that of the home owning families 77.30 per cent own free of incumbrance and 22.70 per cent with
incumbrance. In 100 home families, on the average, 60 hire their homes, 9 own with incumbrance, and 31 without
incumbrance. The debt on owned homes aggregates $9,424,117, or 34.77 per cent of their value, and bears interest
at the average rate of 8.64 per cent, so that the annual amount of interest to each home averages $137. An average
debt of $1,583 incumbers each home, which has the average value of $4,552.

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
62.71 per cent of the home families hire and 37.29 per cent own their homes, and of the home owning families 25.99
per cent own with incumbrance and 74.01 per cent own free of incumbrance. In 100 home families, on the average,
are found 63 that hire their homes, 10 that own with incumbrance, and 27 that own without incumbrance. The
liens on the owned homes are 34.91 per cent of the value of those subject to lien. Several averages show that the
rate of interest is 8.86 per cent ; value of each owned and incumbered home, $4,225 ; lien on the same, $1,475, and
yearly interest charge on each home, $131.

Denver is the only city in the state having a population of more than 100,000. In this city 70.89 per cent of
the home families hire and 29.11 per cent own their homes; 35.98 per cent of the home owning families have
incumbrance on their homes and 64.02 per cent own and occupy homes free of incumbrance. Among 100 families,
on the average, 71 hire, 10 own with incumbrance, and 19 without incumbrance. Averages for each owned and
incumbered home : incumbrance, $2,304 ; value, $6,544 ; interest charge for one year, $181 ; rate of interest, 7.87
per cent. Homes are incumbered for 35.20 per cent of their value.

Real estate purchase and improvements, when not associated with other objects, caused 57.42 per cent of the
farm families to incur 60.49 per cent of the farm debt and 78.66 per cent of the home families to incur 76.74 per
cent of the home debt.

Very respectfully,

CARROLL D. WRIGHT,

Commissioner of Labor in charge.

The Secretary of the Interior.

O. O. P.— 4m

2 FARMS, HOMES, AND MORTGAGES.

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

FARMS AND HOMES : 1890.

CIVIL DIVISION'S.

Aggre-
gate.

FAMILIES OWN]

Total. Free.

NG.

Incum-
bered.

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.

Owning.

Hiring.

Free.

Incum-
bered.

Free.

Incum-
bered.

84,270

41,619

31.765

9,884

42,627

49.42

i
50.58

76.27

23.73

37.69

11.73

F r farm

19,178
65,098

15,417
26,232

11,458
20,277

3,929
5,955

3,761
38,866

80.39
40.30

19.61
59.70

71.52
77.30

25.48
22.70

59.90
31.15

9.15

19,621

5,712

3,657

2,055

13,909

29.11

70.89

64.02

35.98

18.64

10.47

8,029

2,994

2,216

778

5,035

37.29

62.71

74.01

25.99

27.60

2,161
2,158
3,710

950

968

1,076

522
870

824

428
98
252

3,122

1,211
1,190
2,634

19,922

43.96 56.04
44.86 55.14
29.00 71.00

54.95
89.88
76.58

45.05
10.12
23.42

24.15

Leadville

40.32
22.21

4 54
6.79

46.80

37,448

17,526

14,404

53.20

82.19

17.81

Table a.— 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 in-
cumbrance.

Value.

Incum-
brance.

Percentage'
of incum-
brance
of value.

9,884

$14,312,072

$14,997,271

33.84

3,929
5,955

17,205,433
27,106,639

5,573,154
9,424,117

32.39
34.77

2,055

13,448,623

4,734,297

35.20

' '

778

3,287,328

1,147,750

34.91

428
98
252

1,614.714

276,697

1,395,917

574,717
103,366
469,667

35.59
37.36
33.65

Pueblo

i Rest of state (for homes)

3,122

10,370,688

3,542,070

34.15

OWNERSHIP AND DEBT IN COLORADO. 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.

Average
annual

interest
charge on
each farm

or home.

Average
annual
rate of

interest.

$4,483

$1,517

81,328,662

8134

8.86

4,379
4,552

1,418
1,583

514,341
814,318

131
137

9.23
8.64

6,544

2,304

372,671

181

7.87

Leadville

Pueblo

4,225

1,475

101,680

131

8.86

3,773
2,823
5,539

1,343
1,055
1,864

48,932
12,508
40,240

114

128
160

8.51
12.10
8.57

3,322

1,135

339,967

109

9.60

'ABLE 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.

THIS STATE.

For
ruber For

amount,
families.

Under 6 per cent 0.74 1.16

6 per cent 3.77 4,49

7 per cent 6.29 8.07

8 per cent ; 10.69 13.67

6 to 8 per cent, inclusive j 21.84 28.82

Over 6 per cent I 95.49 l 94.35

Over 8 per cent I 77.42 ! 70.02

Over 10 per cent 21.04 11.96

Over 12 per cent.. I 4.40 2.42

For
mber For

amount,
families.

0.96
4.23
6.11
36.01
48.70
94.81
50.34
11.19
6.53

FOR HOMES IN

CITIES OF 8,000 Ti

100,000 PEOPLE.

For
number

7.36
8.10
40.83
63.53
92.11
35.94
7.33

36.63

45.21

43.19

57.72

95.25

92.97

54.50

41.44

12.73

7.01

7.07

3.17

0.29
7.11
7.88
58.30
77.62
92.60
22.09
1.46
0.15

For
amount.

0.14
10.80
10.21
51.06
83.07
89.06
16.79
0.84
0.08

BOSTON PUBLIC LIBRARY

3 9999 06398 553 3

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