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Full text of "Extra census bulletin"

ciV9 *HA2CLL_1890.A2 

Aug. 1B9 
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Digitized by the Internet Archive 

in 2010 with funding from 

Boston Public Library 



http://www.archive.org/details/extracensusbulle94unit 



Extra Census Bulletin. 



No. 94. WASHINGTON, D. c. October 12, 1894, 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN LOUISIANA. 



DEPARTMENT OF THE INTERIOR. 

Census Office, 
Washington, D. C, September 28, 1894. 
Sir: 

The leading results of the investigation of farm and home proprietorship in Louisiana 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 55.51 per cent of the farm families hire and 44.49 per cent own the farms cultivated by them ; that 
4.00 per cent of the farm owning families own subject to incumbrance and 96.00 per cent own free of incumbrance. 
Among 100 farm families, 55 hire their farms, 2 own with incumbrance, and 43 without incumbrance. On the 
owned farms there are liens amounting to $3,397,108, which is 44.12 per cent of their value, and this debt bears 
interest at the average rate of 8.06 per cent, making the average annual interest charge $193 to each family. Each 
owned and incumbered farm, on the average, is worth $5,423. and is subject to a debt of $2,392. 

The corresponding facts for homes are that 79.28 per cent of the home families hire and 20.72 per cent own 
their homes; that of the home owning families 96.15 per cent own free of incumbrance and 3.85 per cent with 
incumbrance. In 100 home families, on the average, 79 hire their homes, 1 owns with incumbrance, and 20 own 
without incumbrance. The debt on owned homes aggregates $1,562,117, or 39.06 per cent of their value, and bears 
interest at the average rate of 7.94 per cent, so that the annual amount of interest to each home averages $116. An 
average debt of $1,457 incumbers each home, which has the average value of $3,731. 

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 
75.10 per cent of the home families hire and 24.90 per cent own their homes, and of the home owuing families 8.08 
percent own with incumbrance and 91.92 per cent own free of incumbrance. In 100 home families, on the average, 
are found 75 that hire their homes, 2 that own with incumbrance, and 23 that own without incumbrance. The liens 
on the owned homes are 49.59 per cent of the value of those subject to lien. Several averages show that the rate 
of interest is 8.00 per cent ; value of each owned and incumbered home, $2,100; lien on the same, $1,041, and yearly 
interest charge on each home, $83. 

New Orleans is the only city in the state having a population of more than 100,000. In this city, 78.51 per 
cent of the home families hire and 21.49 per cent own their homes ; 5.04 per cent of the home owning families 
have incumbrance on their homes and 94.96 per cent own and occupy homes free of incumbrance. Among 100 
families, on the average, 79 hire, 1 owns with incumbrance, and 20 own without incumbrance. Averages for each 
owned and incumbered home: incumbrance, $1,257; value, $2,053; interest charge for one year, $99; rate of 
interest, 7.86 per cent. Homes are incumbered for 61.22 per cent of their value. 

Real estate purchase and improvements, when not associated with other objects, caused 58.02 per cent of the 
farm families to incur 31.30 per cent of the farm debt and 64.83 per cent of the home families to incur 48.76 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 



2 FAEMS, 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. 


FA, 


ILIES OWNI 


NG. 


Families 
hiring. 


PERCES' 

FAMILIES 

AND H 


PAGE OF 
OWNING 
IEING. 


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. 


bered. 




214,123 


63,303 


60,311 


2,492 


150,820 


29.56 


70.44 


96.06 


3.94 


28.40 


1.16 






79,705 
134,418 


35,458 
27,845 


34,038 
26,773 


1,420 
1,072 


44,247 
106,573 


44.49 
20.72 


55.51 
79.28 


96.00 
96.15 


4.00 
3.85 


42.71 

19.92 


1.78 
0.80 








48,276 


10,374 


9,851 


523 


37,902 


21.49 


78.51 


94.96 


5.01 


20.41 


1.08 






4,225 


1,052 


967 


85 


3,173 


24.90 


75.10 


91.92 


8.08 


22.89 


2.01 






1,688 
2,537 


434 
618 


412 
555 


22 
63 


1,254 
1,919 


25.71 
24.36 


74.29 
75.64 


94.93 

89.81 


5.07 
10.19 


24.41 
21.88 


1.30 
2.48 








81,917 


16,419 


15,955 


464 


65,498 


20.04 


79.96 


97.17 


2.83 


19.48 


0.56 





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 
incum- 
brance. 


Value. 


Incum- 
brance. 


Percentage 
of incum- 
brance of 
value. 




2,492 
1,420 


$11,699,850 


84,959,225 


42.39 






7,700,403 
3,999,447 


3,397,108 
1,562,117 


44.12 
39.06 






523 


1,073,913 


657,444 


61.22 




85 


178,500 


88,513 


49.59 




22 


28,675 
149,825 


8,063 
80,450 


28.12 
53.70 










464 


2,747,034 


816,160 


29.71 





OWNERSHIP AND DEBT IN LOUISIANA. 3 

'Tabus 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. 



CIVIL DIVISIONS. 


Average 

value of 

each 

bered farm 
or home. 


Average 
incum- 

eaeh farm 
or home. 


Total 
annual 
interest 
charge. 


Average 
annual 
interest 
charge on 
each farm 
or home. 


Average 
annual 
rate of 

interest. 




$4,695 


SI ,990 


$397,693 


$160 


8.02 




5, 423 
3,731 


2,392 
1,457 


273,697 
123,996 


193 
116 


8.06 
7.94 






2,053 


1,257 


51,654 


99 


7.86 




2,100 


1,011 


7,081 


83 


8.00 




1,303 
2,378 


367 
1,277 


615 
6,436 


29 
102 


8.00 
8.00 






5,920 


1,759 


65,261 


141 


8.00 





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 per cent 

6 to 8 per cent, inclusi' 

Over 6 per cent 

Over 8 per cent 

Over 10 per cent 

Over 12 per cent 



0.63 
1.13 



99.02 
98.24 
0.35 
0.07 
0.07 



1,03 
0.12 

97.68 
97.80 
98.85 
1.17 
0.88 
0,88 



0.09 
2.61 
0.47 
96.83 
99.91 
97.30 



0.08 
2.65 
0.72 
96.55 
99.92 
97.27 



FOR HOMES IN 

CITIES OF 8.000 TO 

100,000 PEOPLE. 



100.00 
100. 00 
100.00 



100.00 
100.00 
100.00 



5.35 
0.77 



1C0. 00 
94.65 



For 
amount. 



6.30 
1.70 
92.00 
100.00 
93.70 



BOSTON PUBLIC LIBRARY 



3 9999 06398 553 3 



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