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Full text of "Extra census bulletin"

jyb *HA20I .J8 90.A2 
Aug. IB9 
"Jan. 13 



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in 2010 with funding from 

Boston Public Library 



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Extra Census Bulletin. 



No. 93. WASHINGTON, D. c. October 10, 1894. 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN KENTUCKY. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 
Washington, D. C, September 27, 1894. 
Sib: 

The leading results of the investigation of farm and home proprietorship in Kentucky 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 34.73 per cent of the farm families hire and 65.27 per cent own the farms cultivated by them ; 
that 4.06 per cent of the farm owning families own subject to incumbrance and 95.94 per cent own free of 
incumbrance. Among 100 farm families, 35 hire their farms, 3 own with incumbrance, and 62 without incumbrance. 
On the owned farms there are liens amounting to $5,336,854, which is 40.12 per cent of their value, and this debt 
bears interest at the average rate of 6.68 per cent, making the average annual interest charge $71 to each family. 
Each owned and incumbered farm, on the average, is worth $2,665, and is subject to a debt of $1,069. 

The corresponding facts for homes are that 67.98 per cent of the home families hire and 32.02 per cent own 
their homes; that of the home owning families 93.21 per cent own free of incumbrance and 6.79 per cent with 
incumbrance. In 100 home families, on the average, 68 hire their homes, 2 own with incumbrance, and 30 without 
incumbrance. The debt on owned homes aggregates $3,034,684, or 31.74 per cent of their value, and bears interest 
at the average rate of 6.74 per cent, so that the annual amount of interest to each home averages $57. An average 
debt of $842 incumbers each home, which has the average value of $2,651. 

There are 6 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities 
68.59 per cent of the home families hire and 31.41 percent own their homes, and of the home owning families 8.59 
per cent own with incumbrance and 91.41 per cent own free of incumbrance. In 100 home families, on the average, 
are found 68 that hire their homes, 3 that own with incumbrance, and 29 that own without incumbrance. The 
liens on the owned homes are 27.89 per cent of the value of those subject to lien. Several averages show that the 
rate of interest is 7.18 per cent ; value of each owned and incumbered home, $4,540 ; lien on the same, $1,266, and 
yearly interest charge on each home, $91. 

Louisville is the only city in the state having a population of more than 100,000. In this city 75.68 per cent 
of the home families hire and 24.32 per cent own their homes ; 7.46 per cent of the home owning families have 
incumbrance on their homes and 92.54 per cent own and occupy homes free of incumbrance. Among 100 families, 
on the average, 76 hire, 2 own with incumbrance, and 22 without incumbrance. Averages for each owned and 
incumbered home: incumbrance, $557; value, $2,654: interest charge for one year, $33; rate of interest, 6.00 per 
cent. Homes are incumbered for 21.00 per cent of their value. 

Real estate purchase and improvements, when not associated with other objects, caused 71.05 per cent of the 
farm families to incur 62.25 per cent of the farm debt and 76.87 per cent of the home families to incur 63.95 per 
cent of the home debt. 

Very respectfully, 

CARROLL D. WRIGHT, 

Commissioner of Labor in charge. 

The Secretary of the Interior. 

c. o. P.— Im 



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 OWN 


KG. 


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. 


bered. 


Free. 


Incuni- - 
bered. 




354,463 


176,196 


167,599 


8,597 


178,267 


49.71 


50.29 


95.12 


4.88 


47.28 










188,560 
1G5.903 


123,071 
53,125 


118,080 
49,519 


4,991 
3,606 


65,489 
112,778 


65,27 
32.02 


34.73 
67.98 


95.94 
93.21 


4,06 
6.79 


62.62 
29.85 














32,852 


7,989 


7,393 


596 


24,863 


24.32 


75.68 


92.54 


7.46 


22.50 


1.82 




23,933 


7,518 


6,872 


616 


16,415 


31.41 


68.59 


91.11 


8,59 


28.71 


2.70 




7,790 
1,795 
4,502 
5,291 
1,913 
2,609 


2,283 

568 

1,404 

1.787 

638 

838 


2,086 

537 

1,313 

1,477 

631 

828 


197 
31 
91 

310 

10 


5,507 
1,227 
3.098 
3,507 
1,305 
1,771 


29.31 
31.64 
31.19 
33.76 
32.81 
32.12 


70.69 
68.36 
68.81 
66.24 
67.16 
67.88 


91.37 
94.54 
93.52 
82.65 
98.90 
98.81 


8.63 
5.46 
6.48 
17.35 
1.10 
1.19 


26.78 
29.91 
29.17 
27.90 
32.48 
31.74 




Paducah 


1.73 
2.02 
5.86 
0,36 
0.38 




109,118 


37,618 


35,254 


2,361 


71,500 


31.47 


65.53 


93.72 


6.28 


32.31 2.16 



Table 2. 



-VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE 
OF INCUMBRANCE THEREON : 1890. 



CIVIL D1YIMON.-, 



The State 

For farms 

For homes 

Louisville (for homes) .... 

Six cities (for homes) 

Covington 

Henderson 

Lexington 

Newport 

Owensboro 

Paducah 

Rest of state (for homes).. 



8.597 822,861.925 



4,991 
3,606 



13,301,105 
9,560,820 



1,581,700 



584,750 
38,904 

209,800 

2,018,231 

15,400 

35,600 



5,336,854 
3,034,684 



817,858 

214,000 
14,640 
115,730 
447,920 

6,718 
18,850 



40.12 
31.74 



27.89 

36.60 
37.63 
55 16 
21.87 
S3. 62 
52.95 

37.35 



OWNERSHIP AND DEBT IN KENTUCKY. 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. 




Table 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. 



Under 6 per cent ... 

6 per cent 

7 per cent 

8 percent 

6 to 8 per cent, inckt 

Over 6 per cent 

Over 8 percent 

Over 10 per cent 

Over 12 percent 



THE STATE. 



For For 

number For || number 

of amount. | of 
families. , families. 



0.16 
67.08 

6.89 
21.32 
95.37 
32.76 

4.47 

0.02 



0.24 

02.34 

12.09 
22.40 
96.91 
37.42 
2.85 



0.11 
70.74 

3.85 
22.57 
97.28 
29.15 

2.61 



i OF 8,000 T< 
100,000 PEOPLE. 



0.16 
61.61 



26.19 
96.56 



3.28 
0.61 



52.79 
1.55 
43.81 
98.15 
47.21 
1.85 



47.33 100.00 

4.25 
42.32 

93.90 | 100.00 

52.67 

6.10 ! 



BOSTON PUBLIC LIBRARY 



3 9999 06398 553 3 



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