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EXTRA CENSUS BULLETIN.

WASHINGTON, ©: C:

October 13, 1894,

STATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN WEST VIRGINIA.

DEPARTMENT OF THE INTERIOR,
Census OFFICE,
Wasuineton, D. C., September 28, 1894.
SIR:

The leading results of the investigation of farm and home proprietorship in West Virginia for 1890, conducted
by Special Agents George K. Holmes and John §. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 26.42 per cent of the farm families hire and 73.58 per cent own the farms cultivated by them;
that 12.98 per cent of the farm owning families own subject to incumbrance and 87.02 per cent own free of
incumbrance. Among 100 farm families, 26 hire their farms, 10 own with incumbrance, and 64 without incumbrance.
On the owned farms there are liens amounting to $4,825,337, which is 32.22 per cent of their value, and this debt
bears interest at the average rate of 6.19 per cent, making the average annual interest charge $41 to each family.
Each owned and incumbered farm, on the average, is worth $2,060, and is subject to a debt of $664.

The corresponding facts for homes are that 63.66 per cent of the home families hire and 36.34 per cent own
their homes; that of the home owning families 81.06 per cent own free of incumbrance and 18.94 per cent with
incumbrance. In 100 home families, on the average, 64 hire their homes, 7 own with incumbrance, and 29 without
incumbrance. The debt on owned homes aggregates $2,788,623, or 34.89 per cent of their value, and bears interest
at the average rate of 6.34 per cent, so that the annual amount of interest to each home averages $40. An
average debt of $631 incumbers each home, which has the average value of $1,809.

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
66.37 per cent of the home families hire and 33.63 per cent own their homes, and of the home owning families
22.19 per cent own with incumbrance and 77.81 per cent own free of incumbrance. In 100 home families, on the
average, are found 66 that hire their homes, 8 that own with incumbrance, and 26 that own without incumbrance.
‘The liens on the owned homes are 35.07 per cent of the value of those subject to lien. Several averages show that
the rate of interest is 6.25 per cent; value of each owned and incumbered home, $2,818 ; lien on the same, $988,
and yearly interest charge on each home, $62.

Real estate purchase and improvements, when not associated with other objects, caused 77.97 per cent of the
farm families to incur 72.66 per cent of the farm debt and 81.44 per cent of the home families to incur 74.67 per
cent of the home debt.

Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The SrcrRETARY OF THE INTERIOR.
Cc. 0. P.—4m

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TABLE 1.

FARMS AND HOMES: 1890.

FARMS, HOMES, AND MORTGAGES.

NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED

FAMILIES OWNING.

Aggre-
gate.

CIVIL DIVISIONS.

Total.

The State .. 79,369

OTA AIN S extrsenctecestessracsasersers | | 56,035
COTS NOMES secesencavevannsesescccr sect! 64,202 23 334
Three cities (for homes)... 10,571 3,555
Huntington. .............. seoseesenes 1,793 468
Parkersburg. 1,698 658
Wheeling...... 7,080 2,429
Rest of state (for homes)........... 53 ,63L 19,779

Free.

519
1,879

16,149 |

; PERCENTAGE OF
DES SINGS O FAMILIES OWNING
PERCENTAGE OF FAMILIES OWNING ND AND TINGE
FAMILIES OWNING FREE AND INCUM- DD On TORN,
AND HIRING. BERED OF TOTAL
oe OWNING AND HIR-
Families OWNING FAMILIES. a
hiring. | ING FAMILIES.
= — = — ea w| = ——————— ra ——
| | | ji
Ineum- 0 ae | Ineum- | Ineum-
acme | Owning. Hiring. | Free bered. Free. | peed
| | |
HAN aselcdae We oe Dees ee
11,691 60,990 | 56.55 43.45 85.27 14.73 \ 48 22 8.33
| |
= | —_ ]| | —__|__ os =
7,272 | 20,122 | 78.58 | 26.42 | 87.02 | . 12.98 || 64.03 9.55
4,419 | 40,868 I 36.34 63.66- | 81.06 | 18.94 | 29.46 | 6.88
AT) See Aen ee WER Se yh ea eee -
SS = = st =
789 7,016 33.63 66.37 || 77.81 22.19 | e
100 1,325 26.10 73.90 78.63 21.37 20.52 5.58
139 1,040 38.75 61.25 | 78.88 | 21.12 30.56 8.19
550 | 4,651 | 34.31 65.69 | 77.36 | 22.64 26.54 Cath
3,630 83,852 | 36.88 63.12 |] 81.65 18.35 30.11 6.77

TaBLE 2.—VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON: 1890.

CIVIL DIVISIONS.

The State

For farms....

For homes..

e
.

Huntington...
Parkersburg..

Wheeling

Rest of state (for homes)

Three cities (for homes)...................

|
|
|

Number
of families Percentage
| owning Walue Incum- of inecum-
| with : brance. brance
incum- of value.
brance.
11,691 $22,970,041 | $7,613,960 | 33.15
q 7,272 | 14,976,792 | 4,825,387 32,22
| 4,419 | 7,993,249*| 2,788,623 34.89
— ES es ee ee | =
789 2,223,652 779,797 | 35.07
100 | 290,728 88,405 | 30.41
139 331,871 99,193 | 29.89
| 550 1,601,053 592,199 36.99
—————— = —--=- — \ — |
3,630 5,769 ,597 2,008,826 | 34.82

OWNERSHIP AND DEBT IN WEST VIRGINIA. 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 eee | Average |
value of EVEIASe Total annual Average
a each > ue aaa annual | interest | annual
CIVIL DIVISIONS. ONT rance 0 mae Gharecton|irateronnl|
| each farm | fc | Wate
bered farm an | charge. | each farm interest.
| or home. | ©* 70me- | or home. |
| |
So SS = =} = = = —— i
|
HRN eIS taieeerraceratcsesstacerserentne | $1,965 $651 $175 631 6.25
POU ands pect eee sesescrcecsemsechectcreey 2,060 664 | 298 884 6.19
OTM OM ES eseeerstececastesotocesssssreess 1,809 631 176,747 6.34
= SSS = SS a —
|
Three cities (for homes)... 2,818 988 48769 6.25 |
Huntington 2,907 884 6,411 7.5
Parkersburg 2,388 714 6 557 6.6L |
Wheeling | 2.911 1,077 35,801 6.05
Rest of state (for homes).................. | 1,589 553 127,978 6.37

TABLE 4.—PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890.

THE STATE, |
FOR HOMES IN
| CITIES OF 8,000 TO
100,000 PEOPLE.

For farms. For homes.

RATES OF INTEREST. Z Z pes

For For For |
| number For | number For | number!) For
of | amount. of amount. of | amount.
families. families. families. |
}| | |
| _| =| |S ——
Under 6 per cent.... 3.66 | 3.85 3.97 || 6.08 5.58
6 per cent 81,41 || 74,29 | 70.77 | 72.62 | 73.78
7 per cent 3.14 4.14 5.84 || 4.56 | 4.49
8 per cent ... 4.89 6.22 7.06 || 5.96 6.84
| 6 to 8 per cent, inclusive | 92.35 || 90.29 | 91.91 || 988.34 | 91.15
| Over 6 per cent..............000.0--- 14.93 | 21.86 | 25.26 | 21.30 20.64
Over 8 per cent.... 3.99 | 5.86 | 4.12 | 5.58 3.27
| Over 10 per cent... } 0.50 | 0.88 | 0.64 | 0.89 0.22
Over 12 per cent........... ..-...0 | 0.24 | 0.43 | 0.18 |; 0.64 | 0.19

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