The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-04-18

2l.3S per cent owned their homes; 2.03 per
cent of the homecoming families owned with
incumbrance and 91.97 per cent without in
cumbrancc.
The 1922 owned farms and homes OF the
state were incumbered by liens amounting
to So, TAO, 254, of which 81 697, 800 was on
2,491 farms and 81 051, I5i 1881 homes
The value of the incumbered farms was 81
OIL ,S92, and that of the homes was ", 469IIl
total of $6,521 663 The ratios Of debt to
value were in the case of farms Al SO per cent
and in the ease OF homes 42.50 per cent; for
both, II. 1G per cent. The ratio of debt to
value was less in the cities than in the state
outside of the cities. being $3.50 per cent in
the former and 1852 per cent in the lat
ter The average owned and incumbered farm
IA The state was valued at 81 .627 the average
fcme at $2.39G, and the average home n the
cities at 3lSS. The average farm inc,ln-
brance was $GS1, ;he average home incum-
brancc $l,02O, and the average home incum-
brance in the city ST.
The principal rate of interest in the
state in 1890 was s per cent, but higher
rates were paid by 24.01 per- cent of the
farm debtor families on 1865 per cent Of
the farm debt; by 1898 per cent of the
home debtor families on $50 per cent of
the home debt, and in the seven cities by
517 per cent of the home debtor families,
or }.19 per cent Of the home debt.
The fact is stated IN the report that
more than $50 per cent of the debtor fam
lies on farms incurred 81 per cent Of the
farm debt for the purpose OF buying real
estate and making real estate improve
ments, and GIL per cent OF the home
debtor families incurred $3.50 per cent
of their debt for the same Objects while
in the seven cities 1910 per cent of the
home debtors incurred sos per cent OF
their debt for the purposes mentioned.
The article quoted goes on 10 say
The objects OF real estate purchase and i'm
provtmonts business and the purchase OF per
sona property, when not complicated with
other objects. led :'9.T4 per cent OF the farm
debtor families of the state to incur 44Si per
home debit and 9l.l6 per cent OF the nome
del tor families to incur S646 per cent of the
home debt, nd 94.1G per cent of the home
Debtor families in the seven cities TO incur
923' per cent of the home debt Farm ana
family expenses, standing alone are represent
ed by ~ per cent of the farm debtor families
OF the state and 2S.35 per cent of The farm debt
faniy expenses by II. u per cent of the home
debtor families and 4.9S per cent of the home
debt, and family expenses in the seven cities
by 2.47 per cent of the home debtor families
AND o.s3 of / per cent Of the home debt.
The total interest charge on incum
branceS for one year was $.224,327, of
which $l4l3S2 was on farms and S.,
945 on homes. The average interest
charge was SOL on each farm, $50 on
each home and $97 on each homo i'll the
seven cities. On farm loans the average
rate OF interest was S.33 per cent, Oh
home loans 1.S9 per cent and on home
loans in the seven cities I'll per cent
Altogether this is an encouraging
showing, and ii is worth preserving for
future study ana reference.
The French cabinet is not popular enough
to run more than fortnight. 1t should
introduce some Muiiigan business.