The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1892-09-14
FARM MORTGAGE RETURNS.
Valuable Statistics From the Census ohn'e
Most Of tho Encumbranees ior
chase Money and not Indications
of Distress.
washington STAR

(. Holmes, is, so far az the collectlon q,
+ statistics is concerned, nearly COM 8
,]eted.. and great deal of the statlstl- 6,
al work of the inquiry has been taou- n
uted. An examination and analysis Oh s
he statistics already obtained ana Oh e
be bulletins put out by the census i,
,fice loads to and warrants some IN 9
.eresting deductions and conclusions :,
the subject of home and :
arm ownership and mortgage encum-
brance in this country. The labor ln- i
yolved in this inquiry will never oe ]
,omprehended outside of the census :
office itself. Many hundreds ofspeclai I
agents have been employed in every !
county in the United States, hundreds
unon hundreds OF clerks have been
employed in the Office and many MIL
lions ofschedules and slips containing
the returns have been received ana
filed away. It has been found tha1
during the ten years, 1880 to 1881, the
real estate mortgages made IN the In
inted States numbered s,0O0,Vo, out
these are not all existing mortgages
AZ has been erroneously stated. In re-
gard to every one Of these mortgages
report was obtained covering variety
of particulars and in the aggregate re-
curing an incaleulable amount o1
labor.
It has also been ascertained for near
" all of the 12,6sO,152 families OF tho
United States whether each one owned
or hired the farm or home it occupies,
and, if owned, whether it is subjectto
encumbrance; and if so, report has been
received in principal proportion OF
cases as to the amount OF fencumbrance'
the rate of interest borne by it, the
reason why it was Incurred and also
the value of the farm or home. There
are also many details Of information IN
regard to the head of each hiring
family. When tabulated this descrlp-
| ton will disclose, among other things
| to what extent the colored people have
become owners of farms and homes;
how far ownership is Invested IN
wives; at what age ownership has more
generally been acquired; whether the
circumstances Of unmarried persons are
such as to lead considerably to owner
shin: whether the Irish or Germans
have been more successful in becoming
owners, and so with the Italians, the
,jSwedes, etc.; whether the German:
have acquired longer or shorter resi-
I dence in the country than the Irishmar
: has before owning his farm or his home
and 80 with people Of other naSlVisles
= The tabulation will disclose to wha
y extent the citizenship Of the foreig'
Y born is related to their ownership, an
y establish a comparison between tn
l. sexes in the ownership of farms an
homes and the dependence OF owne'
'i ship upon the various occupations
% the people.
o. This is the richest field for statistic'
OF work In social science thai any goverl
a ment has ever before entered. 1t cal
for as much labor as wss involved
IN any United States census previous
J, that OF 1850, and in this respect is q
ly ovceeded by any census previous
~ that of 1870. The units, for Whl'
lst prescription has been obtained, are
numerous that the printing OF abo
OF 70 ooo, 900 blanks has been necessal
by all of them to be handled at least II
ey times and large proportion OF the
many times.
we Highly interesting and unusual
sults will come from this Investigate
nat in regard to the affairs of the peoI
ave within a domain never before ente'
to by the census Office. There has Of
ays much assumption that mortgage
OF debtedness is forced upon debtors, a
On that they have had . sort OF dooso
lch choice with the terrors OF the morts
OF ss one alternative and some misfort'
to otherwise to be suffered as the otl
'ent The census Office investigated this
ma all parts Of the country and eno'
lose has already been published complet
eon to dispel these popular notions.
nay now demonstrated that the MAXIM
tant a real estate mortgage is just as VoI
'rre- tary an act in almost all cases as
hose act of man who begins busl
s. undertaking, the result depene
been chiefly upon his judgment and
we sight, as we'll as upon bis equipu
IN for success. Reference to the ouiie
any that have been issued by the ce
office shows that, generally SPEAK
from two-thirds to nine tenths OF
estate mortgage Indebtedness wa
CURED to secure the purchase M
49,; of real estate and to pay for real e.
.os improvements, the chief item OF "
'"a. - consists of new buildings. Even II
rrow ~ older parts Of the country these pr'
a,sa tions hold good. When to these
,tber: poses of Indebtedness are added
''D Te ness purposes and the purcha:
's various articles of personal prop
N;-t,+ such an farm stock and machines
40. of trade, ETC., almost the entire
10. estate mortgage Indebtedness i
o- counted for. The percentage O
- ~. debt incurred for these purpo:
.sv generally from IS to IS per cent.
real necessities that are discover
'n ~ these statistics are expenses inc
- soos for sickness and food, torepiace
turing lncuiieu , - ' ;,o,,,dod in tn
.:o,a - cription of farm and family exp
~ % HI, The proportion ofthe indebtedness