Alma record. (Alma, Mich.) 1878-1928, 1888-03-30
MORTGAGE STATISTICS.
The Annual Report of the Commission
er of Labor.

~ Nv y lNi W Nv NNAiliAlNN VII
Ell OF Labor.
The fifth annual report OF the state bu
reau Of labor has ust been issued by Com
missioner Heath IL occupies 43! pages Of
carefully collected matter, largely statis-
tical, and affords an interesting volume
for those who stuly industrial problems.
Especial attention is given TO farm
mort ages. Tn statistics presented were
collected through supervisors unde the
most favorable ci cumstances and are
considered reliable so far as they go.
There were 80, SOB farms reported. Tlis is
5Sl per cent OF all Michigan farms rs com
pared with { e census of ISL. The assess
ed valuation Of these reported farms is
Sl4,S I,Gt3: the mortgage indebtedness
$3G45t212, or more than 1872 per cent Of
the total a sesse valuation AMI IS per
cent OF the assessed valuation OF farms
that are mortgaged. The average rate of
interest paid is /, per cent. This figures
up an annual interest of s.. iOl,6U.
MIR. Heath, es' mating all the farms in
thu state on the basis OF repo"ts received,
figures out an assessed valuation o S33h,-
31S,035 aud a mortgage Indebtedness of
S64, 82,5NO. ~, with SLb3d, 6lNl annual in
terest on farms alone.
Carrying the est mate further, except.
ing, however, ertnin obscure ountles
from which on y meagre reports were re
AtlN tAAf Ant IAlUIAaHEF llltnltlntNN VII
ell real property i'm MICHIGAN is sl2",22 -
h5l0l, hearing an annual interest OF
SA45l,>3l.-l This estimate i basel upon
the assessed valuation OF ls,6, which Is
81 GlATil.
There were ten count cs fram which only
meagre reports were receive. From some
|Countle- il was reported that a few arm
ers refused TO give the information sought.
Mr.. cath THINKS, therefore. that his esti
mates are too low. He further believes
that hould the amount of unsecured
debts hearing interest he ad led TO the
mortgage indehted es, his h-ures would
probably b." doubled.
The commiss oner attributes thi, con-
ditlon OF affairs TO 'the nigh pressure sys-
TEN of business the country has passed
through. Te suggests "A remedy in
'legiSl1tiou that would adjust more equit.
ably the industrial rights OF all classes I'm
the matter of public burdens and OF taxa
tion IN Such a m1nner that al kinds of
taNah q property won d bear its just pro
portion
OF the reporting farmers G2,a7p are
Americans an % 80 fore gners. al own
ing and occupVin farms. OF the immi-
grant SOC had Money and 35lf had
none when they arrived. The amount
brought hv those having money was -,
& "lN-. The assessed valuation of their
property is : D. ISL and mortgage in
d~ehtelness ILL LIZ. he assessed valu
at on OF farm. owned 10y Americans is
sl3h - with "A mortgage indebtedness
OF - l,Ia'
ne hu'n'er OF immigrant RrrahSel ny
tne hall"hS are VOL oeim ms -
Scotch, jt~ Swedish 2 anisl. 22> from
orW"y hHu - rom 0WltIerland L'!'
ouan 'rrs IoleS - AustrlahS.
! Ieh'u' J. heiSldn' ahd Ie"eT NUMBERS IN
soul' Instance n' Wv a. Uhe ION ".her
eIEn countries repreSenteI'
mere were durihS lne SIX years endel
IectlhbeI is strives ~"i,dered 10y.
ORGANIZATION anu not :, orderrd, vi
the - eS''YiIsuIlehU- IhVolNei ~, were
5Io-ei my, or ON IN Ner"Re o