The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-06-17

Most Of Them Are Owned by the fe0-
PIE who Live In Them.


HOMES IN IOWA.
Most Of Them Are Owssd by the Peo-
PIE who Live In Them.
The people Of Puget sound like Iowa
for many reasons. one being that that
state buys more Of our shingles than any
other does. The census bureau has issued
bulletin showing that most Of the shin
giles go on the roofs of houses owned by
the people who live in them. Among the
3SS. SIT families OF the state there are 143,
056, or 6.S2 per cent. of the total, who hire
their farms and. homes, and 245, 46l, or
63.l8 per cent, who own them. OF the
families which own, 104. or, or -. 10 per
cent, have farm or home incumbrance.
and lal, $50. or $50 per cent, are free OF
incumbrance. In 100 families on the av-
erage 1852 hire their farm and homes,
%. 20 own with incumbrance aud Sc 80 own
without incumbrance.
There are 205, 435 farm families in Iowa,
which is 50. So per cent. of the total number
cent, own and 81, 737. or 1851 per cent,
hire the farms cultivated by them. while
OF the owing families Till. or 1919 per
cent, have membranes on their farms,
and 67.5S7, or 46. II per cent, have no i'm
cumbrances. The average 100 farm fam-
lies are composed Of 1857 that hire. 1888
that own with incumbrance and 81 80 that
own without incumbrance.
The 1S3. 0S2 home families are A. II per
cent. OF the families of the state, and are
divided into several classes, as follows:
Hiring fami lies. $3.50, or 44.96 per cent
OF the total number Of home families;
owning families, 100, 763, or 55.O4 per cent;
SO2. or 53.N per cent. Of the total number
owning; families owning. subject to in.
cumbrance. d, 96l. or rs. IS per cent of the
owning families. OF 100 home families. on
the average, A96 hire their homes. ii. Is
own with membranes. and 1881 own
without incumbrance.
City homes are hired and incumbered in
greater degree than Is found outside of
cities. In the twelve larger cities Of the
state. each having the population subse-
quently mentioned. there are 81. 291 home
families, OF which D.6S6, or 54.6S per cent
hire. and 2A,605. or Is 80 per cent own
their homes. Homes subject to incum-
brance are occupied by S73l families own
ing families. or b. ~ per cent. of the total
owning families. and Is, S74 families, or 64.52
per cent. of the owning families, have no
home incumbrance. In 100 of these city
home families on the average 54.6S hire
their homes, 1908 own with incumbrance
and %. "A own without membranes. The
names OF the twelve cities and their popu-
lation follow: Des MoineA. 5O.083; Sioux
CITY, 81 1906; Dubuque, 3O,3ll: Davenport.
6s72: Burlington. =. 565: Council Bluffs,
PLATA; Cedar Rapids, 5000: Keokuk. a.
| 10l; Ottumwa. A.O0l; Clinton, 1869;
Muscatine, II, 49,; Marshall, SOFA In the
state, outside of the twelve cities, 1857 per
cent of the home families hire and 50. Is
per cent. own their homes: 1884 per cent.
of the home owning families own with
incumbrance and 76O6 per cent. without
membranes. while among 100 home fami-
lies on the average 81 hire their homes.
H. Is own subject to incumbrance and 4.9S
own free OF incumbrance.
Liens amounting to $ll9,5l2, 794 incum-
Der l04. or owned farms and homes of the
| state, SOL, .924 of which is on 77,1l1
farms and ST. 766.s70 on 26961 homes.
| The value of the incumbered farms and
homes Is $3.50 2ls.173; farms. 1895 ,65s .663;
| value: Farms and homes. 3S. q per cent;
farms. 80 % per cent; homes. 3Sl7 per
| per cent. The general uniformity of the
| county percentages is such that attention
need not be called to any particular
county.
owned homes Of the twelve cities. and
| these incumbered homes are worth $685.
| $50 932. so that the debt IS 80. 20 per cent.
! of the value. The debt incumbering the
| owned homes in the state. outside of the
twelve cities. is 81. Is per cent. OF the vaue
| Of the homes subject to the incumbrance.
| The chief rate OF interest in this state Is
| per cent This rate is paid on IS. Is per
cent. of the farm incumbrance by IS. 20 per
| cent. of the farm families; on 45l7 per
| cent. of the home incumhrance by 1925
| per cent of the home families, and in the
twelve cities on Sc per cent. OF the home
incumbrance by "a 10 per cent. OF the fam.
| lilies occupying owned and incumbered
| homes.
| Rates that are less than the principal
rate of s per cent. are paid by 6.36 per
| cent. of the farm families on 6l0 per
| cent. of the farm debt, by %. u per cent. Of
| the home families on 50. q per cent. of the
| home debt. and in the twelve cities by
| 81. ~ PER cent. of the home families on
1874 per cent. OF the home debt. Rates
higher than s per cent are paid by s-ea per
| cent. of the farm families on 5.f5 per cent
! OF the farm debt. by y. 81 per cent. of the
| home families on Is 56 per cent. OF the
home debt. and in the twelve cities by sII
| per cent. OF the home families on $50 per
| cent. OF the home debt. The highest rate
| reported Is - per cent, which Is PAID by
| one family on debt OF S2.Sun
! The highest rates of interest IN this state
| were established by law IN the years
| named as follows: ls59, 30 per cent: isA3,
| 10 per cent. l>5i, no limit; 1885, I'D per
/ cent. lsao. 5 per cent
| The total interest charge for one year on
| the owned farms Of the st1,e Is x'.iSl TO;
ON the homes. 81. 3Gi, al; total. $,.so5,ib
! The average interest charge Tor one year
! on each farm i $9.: home. $5i; on each
home ia the twelve cities. Sis TN farm
| loans the average rate of interest s.S5 per
| cent. on home loans, 7.G, per cent. on
| home loans IN the twelve ci!.es, s-3 per
! cent. Hence the average annual interest
| valae of each owned aud incumbered farm
| In this state is S2g2; of each home. Si52; oi
/ each home in the twelve cities, Wv. tGt-
! side Of the twelve cities the average annual
interest charge on each home Is ~; aver
| age rate. Isl per cent; average annual IN
! terest value. Sl9
Investigation OF the reasons why farm
! and home Indebtedness vas incurred as
closes the fact that -. Is per cent Oh the
farm families incurred sa2 per cent. oil
| the iasTn debt for the purpose OF buying
! real estate and making real estate improve
! ments, " hen these objects we're hot asso-
| c2Ated with other OBJECTS. IN the case OF
| homes "a 81 per cent O: the home families
incurred 9s.to per cent. OF the nome aeot
! for these objects. and III the j. cities ~ -
| per cent OF the home families incurred
| ,l.it per cent. of the home debt for the
, same objects The objects o! real estate
| purchase and improvements. business aud
! the purease OF personal property. when
not complicated with other objects. led
! ss-%3 per cent. of the farm families 10 III
! eur -. l. per cent of the farm debt. - !,
] per cent. OF the home families 10 incur
! "a per cent OF the home debt, and ~. io
| per cent OF the home families IN the u
/ cities 10 incur ~ - per cent. of the home
| debt Farm and family expenses, stand
ing alone are represented by :. y per cent.
of the farm families aud l.3S per cent. Of