Arizona weekly citizen., 1892-12-24
HEHoME WEALTH OF STATES

No better insight can be had into the financial prosperity of the people Of state than that revealed by the census department, under the efficient super intendence of Robt. P. Porter, Superin- tendent of census. The statistics of farms, homes and mortgages, together with the ownership and debt of each state are being published. That of New Jersey is under review in the bulletin before us. He says:
 "In regard to farms the conclusion IS that 3211 per cent of the farm families hire and 67.S9 per cent own the farms cultivated by them; that 4S.91 per cent of the farm owning families own sub- ject to incumbrance and 5l09 per cent own free of incumbrance. Among 100 farm families. 8 hire their farms, B own with incumbrance, and 8 without in cumbrance. On the owned farms of this State there are liens amounting to s25, 755,O96, which is 49.64 per cent of their value, and this debt bears interest at the average rate of 5.69 per cent, makine the average annual interest charge Sl3o to each family. Each owned and in cumbered farm, on the average, is worth s4S91 and IS subject to debt of Sz.428.
 The corresponding facts for homes are that 5sO7 per cent. of the home fam flies hire and 31.93 per cent own their homes: that, of the home owning fami- lies. 54 g. per cent. own free of incum- brauce and 45.OS per cent. with incum- brance. Ia 100 home families, on the average, 5S hire their homes, 14 own with ineumbrance, and IS without in- cumbrance. The debt on owned homes aggregates S66, ,O29OS9 or 1885 per cent of their value, and bears interest at the average rate of 5.62 per cent, so that the annual amount of interest to each home averages s93. An average debt of S1;660 encumbers each home, which has the average value of S3.S29.
 There are IS cities ID the State having population of 5000 to 100000 and in these cities 72.S1 per cent of the home families hire and 27.19 per cent own their homes: and of the home owning families 4S. 73 per cent own with incum- brance and 5l.27 per cent own free of in cumbrance. In 100 home families, on the average, are found 73 that hire their homes, 13 that own with incumbrsnce, and 14 that own without incumbrance. The liens on the owned homes are 1884 per cent of the value of those subject to lien. Several averages show that the rate of interest is 5.62 per cent; value of each owned and incumbered home, s4,1s6; hen on the same, s1, ,S14, and year ly interest charge on each home, S102.
 In Jersey City and Newark, which are the only cities in the state having a pop ulation more than 100000, 79, ,49 per cent of the home families hire and 2O,5l ger cent own their homes; 42-93 per cent of the home owning families have incum brance on their homes, and 5I07 per cent own and occupy homes free of in cumbrance. Among 100 home families, on the average, @ hire, 9 own with in- cumbrance, and 12 without incumbrance, Averages for each owned and incumber- bered home; incumbranca, s2,249; value S5,15t; interest charge for one year. S122; rate of interest, 5.44 per cent. Homes are incumbered for 43.65 per cent of their value.
 Real estate purchase sand improve ments, when not associated with other objects, caused s468 per cent of the farm families to incur 86.28 per cent of the farm debt and 85. 16 per cent of the home families to incur 85.10 per cent oi tbe home debt.