The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1892-09-03

It thus appears that while Missouri leads the
seven states In the high proportion Of the valu.
Of the mortgaged acres represented by the
debt that incumbers them, it has a smaller pro-
portion OF mortgaged acres than any OF the
other four western states. smaller per capits
real ectate mortgage debt than these four
states, g lower rate of interest than Kansas
and Nebraska and q higher rate than Illinois
and Iowa The bulletin further shows that in
the city OF st. Louis there was an almost un-
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 IN 1880 was S. 622 G26; in 1889 SIS 6sS i95,
which WAS by far the largest annual amount.
For the decade the total SlOa ei5. sos. repre-
sented by AZ, ,l0i mortgages incumbering 1881
lots. More lots were incumbered In 1850 than
In any other year, the number being ,092.
In jackson county the total incurred lot debt
for the decade was sl25. .0s5, ,73l- There was an
annual increase from 81 $40 566 in 1880 to 81 9as
sl5 in 1885, then marked increase to Sa0.f s5 III
In 1885 and to sS6,0i5,4I6 in 1887. In 1888 the
amount fell to SD l0s. .905 and In 1889 increased
to S4 0s7. .e24. During the ten years "A, ,931 lot
mortgages were made, and the highest number
in any one year was %. 4s8 in 1887 During the
whole period l2l. .3Ss lots were incumbered; in
1887 S3,Os3 lots, the highest annual number.
The real estate mortgage debt in the CITY of st.
Louis and in jackson county during tie ten
years was 50l2 per cent Of the total acreage
debt incurred in the state, and T907 per cent. OF
the total lot debt incurred in the state.
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
1885,; In the state outside Of the city and
county named. s799. 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 impracticable to represent these
acres as lots. Each mortgage placed on lots in
the state, on the average, was for a debt Of
81 ,S25 in St. Louis city, and in jackson county
$20O7: in the state outside Of the city and
county named, $50. Each mortgage on acres
covered 90 acres on the average in
the state; IS acres in st. Louis city and
jackson county; 100 acres in the state
cages not stating amount Of debt are included
in these averages. Each mortgage on lots GOV.
cred l. 20 lots on the average In the state; l.6]
lots in ST. St Louis city and Jackson county;
l.90 lots in the state outside OF the city and
county named. A debt OF s9.16 was placei on
each mortgaged acre in the state on the aver
age; s92. "A in st. Louis city and jackson coun-
ty; s7.97 in the state outside Of the city and
county named. A debt of s152 WAS placed on
each mor.gsged lot in the state on the average;
81 20 in st. Louis city and jackson county;
1906 in the state outside Of the city and county
named.
The existing real estate mortgage debt OF
Missouri is sel4 6Oe ~; OF which slOl rs as oil
$40 per cent. is on acres. and SIZE SOL li7. or
81 90 per cent is on lots or the Sls2 02S mort
cages in force. 103 l6i, s. 72 per cent. are on
acres and 1857, or +8 Is per cent are on lots
Mortgages in force cover 10.l5 OIL acres AMI
l55.44l lots In st. Louis city the existing debt
is SIl ,l99,969. The debt OF this city and this
county is o.. a. per cent. Of the mortgage debt
OF the state. and they contain p IS per cent of
the states population.
In the state outside Of st. Louis city and
jackson county Is q per cent Of the number of
taxed acres are mortgaged. and the incum-
brance is s.. "A per cent OF the estimated true
value of the mortgaged acres.
Buchanan county, including ST. Joseph. the
next largest county Of the state. had a total
real estate mortgage debt of $5,655.0t.s OF which
81 042 l53 was on acres and 81 6l2 500 on lots