Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1892-09-01

Il thus appears that while Missouri leads the
seven states in the high proportion of the value
Of the nortgage1 acres represented by the
debt that incumhers tham, it has a smaller pro-
portion of mortgaged acres than any of the
other four western states. smaller per capita
real estate mortgage debt than these four
states lower rate of interest than Kansas
and Nebraska and a higher rate than Illinois
and Iowa. The bulletin further shows that in
the city of ST. Louis there was almost I'M
broken increase from year to year in the
amount of mortgage debt placed on lots during
the ten years. The amount of these incurred
debts 1850 s. 622 026; in 1899 Sis. 6SS. 1875
which was by far the largest annual amount.
For the decade the total was S103. 945 506 repre-
scented by 42,1Gs mortgages, incumbering 50, s31
lots More lots were incumbared in 1889 than
in any other year, the number being 11.032.
In jackson county the total incurred lot debt
for the decade was SIPS. 0S5 731. There was an
annual increase from 81 500 566 in 1880 to $685.
6i3 in 1855, then a marked increase to S20 95 III
IN 1886 and to $50 046.476 in 1887. In 1888 the
amount fell to $50, 1Og sos. and in 1889 increased
to S24, 0s7 224. During the ten years "a. 93l lot
mortgages were made, and the highest number
IN any one year was 20. 4s9 in 1887. During the
whole period 12l. 383 lots were incumbered; in
1888. 30 .Os3 lots, the highest annual number.
The real estate mortgage debt in the citT Of 81.
Louis and in Jackson county during the ten
years was so IL per cent Of the total acreage
debt incurred in the state, and 70 OF per cent Of
The average amount of each mortgage on
acres made in the state during the decade was
1909 in st. Louis city, and in Jackson county
$685.: in the state outside of the city and
county named, S!33. Many of the acre tracts in
the city and county more property belong to
the class Of lots and since their mortgaging
were, no doubt subdivided into lots in many
cases, but it is iinpracticable to represent these
acres as lots Each mortgage placed on lots in
the state, on the average, was for debt OF
81, ;I2o in ST Louis city, and in Jackson county
s2,O07: il the state outside Of the city and
county named, $3.50. Each mortgage acres
covered SO acres on the average in
the state: IS acres in st. Louis city and
jackson county: 100 acres in the state
outside of the city and county named. Mort
cages not stating amount of debt are included
in these averages. Each mortgage on lots COW
cred 176 lots on the average in the state; 1853
lots in st. st. Louis city and jackson county :;
1.a0 lots in the state outside of the city and
county named. debt OF So. is was placed on
each nlortgaged acre in the state on the aver
age: s92.44 in st. Louis city and Jackson coun-
ty; S797 in the state outside of the city and
county named. A debt of Ss52 was placed on
each mortgaged lot in the state on the average;
81 229 in St Louis city and Jackson county;
1865 in the state outside of the city and county
nam d.
The existing real estate mortgage debt Of
Missouri is s2l4,6os, 772 of which SOL 71s 625 CT
Al. 40 per cent is on acres. and S112 591 147, or
81. 60 per cent. is on lots OF the Sl92, 02s mort
cages in force 1B 161. or 81 ~ per cent. are on
acres, and 88S67, or 46 % per cent are on lots.
Mortgages in force cover 10.15,.G,l acres AMI
1b5.441 lots. In st. Louis city the existing debt
is 81. 193. e69 The debt of this city and this
county is 81 A per cent. of the mortgage debt
of the state and they contain q. IS per cent of
the states population
In the state outside of st. Louis ..ity and
Jackson county Is % per cent of the namber of
taxed acres are mortgaged. and the incum-
brance is 81. A per cent of the estimated true
value of the mortgageo acres.
Buchanan county, including St Joseph. the
next largest county of the state had total
real estate mortgage debt OF IS So. 02 of which
81 ,02 i53 was on acres and 81 6l2. 1853 Cd lots.