St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-12


times as great. The mortgage tOreclos-
ures in Minnesota from 1850 to 1898 will
show as a whole a marked decrease i'll
number ana amount The foreclosures
in the newer counties In 1898 being rela-
lively to the amount of the mortgage
debt about one-half of what they were
in the oloer counties in 1850. Fall and
detailed tables relating TO this branch of
the subject will be prepared in about
two weeks.
Oldest Settled Counties.
Beginning with group four. the twen-
ty-three oldest settled counties making
up the southeastern part of The state,
not including Hennepin or Ramsey, the
following facts are disclosed: The
average number of mortgages placed on
record by twO-year periods decreased
in ten years from $3.50 to S,52l, or 5 per
cent. There was, however. an increase
Of the mortgages placed ON lots from
1855 to S,036, or 65 per cent. The num-
Der of mortgages placed on acre or farm
property i'll these older counties de-
creased from 7,l17 to 5,4S4. or 90 per
cent. The amount or mortgage debt
placed on record in these old counties
decreased from an average of So, 209, sos
to all average Of 81, 422, GIL, or 10 per
cent.
Int while the numher and amount of
farm mortgages nlaced ON record i'm the
old COMMITTEES thnI decreased in fen wears
the nnmbsr uf the farms in those coun.
ties Increased from AZ G07 tn as sra mr. 4
ner cent and theirvaIue increased from
SI24 ASS. f;f;S To S15S SI3. 671. ar 81 ppr
cent. The value of the live stock
owned upon these farms increased from
81 H. 5(J2 II to S.l6 2l7. O95 or 40 per cent
In lSS0 the farm mortgages placed on
recorc each wear were. on an average.
4. II per cent the total value of the farm.
In 1880 they were only .. "a per cent
From this it can be seen that the farm
mortgage debit of these older counties of
minnesota. as compared with the re.
sources of these counties. decreased in
ten wears So per cent. this relative de-
crease being caused by an actual de.
crease of - per cent in the amount of
mort yages niaced on record and the in
crease of ~ DER cent in the value of the
farms of the given counties.
In group five, or counties which in
1881 had from 66 10 90 Der cent of the
present taxable land returned. the
mortgages on CITY lois increased nearly
2uO per cent in number and more than
that ratio in amount. The mortgages
on acres or farms increased from an
average of 1925 to ALI or IL per cent,
The amount of these MORTGAGES placed
on record increased in the same way
from sl,457.l44 to 81. 7S5 200. or 81 per
cent. The number of farms in this
group increased from 15.299 to 2O.6Sa.
or So Der cent. or 2.25 times
as much as the number of mort
cages. The value of the farms in
creased from So, S25 75S to $50. 81. 81 S. or
l37 per cent. The value OF farm live
stock increased from S4.945.92l to
81. 80, or 55 per cent. In 1850 the
average amount of farm mortgages
placed on record was 6.27 per cent the
value of the farms. In 1859 it was j. II
per cent. The amount OF mortgage
debt. as compared with the resources of
these counties. thus decreased in ten
wears nearly SO per cent. or substan-
Iially the same as in the older group of
counties.
In the seventh group. the twenty-six
counties last settled i'm Minnesota. the
number OF mortgages on lois ulaced ON
record Increased i'm ten wears over l4O
per cent. and the amount increased
nearly 250 per cent. The mortgages on
farm property Increased i'm nuinher
from an average of :. DAG i'm 1850 to an
average of &. GAG i'm 1890. or l47 Der cent.
The amount of those mortgages in
creased from an average of sI.Sl4.2lS TO
SI.S5l. l22. or l57 per cent. In tue same
periua the number of farms Increased
from Is, 35S to 1888, or rs per cent,
ana inc acres OF farm lana from 2;!46,0io
10 4'o23'a@o, OF 10 per cent. 1hls IS
tnc only group OF couht'es In when
tae NUMBER OF mortgages increased
laster thah the NUMBER OF laruiS
vi acreage OF farm lahd. In tnis
perlou the Vaiue OF Farms anu Dullo-
lhgs increased from Sl6,2lo,44I TO 500,
uto,4o9, OF Id per cent. mat Is, While
Tue humpef OF mortgages increased
faster imam me number OF acreage OF
ialhls' " eiu not increase SO last Us
the value Oh thoSe lahoS. Inc money
secured oy these mortgages, IN othef
worus, went 10 ala men OF small means
10 purchase these ianus: In tnis ten
years the I'VE STOCK III these counties
a anc[ .a'. e IL Value from S3'3o6: Ioo 10
81. ~ lo'. VI 80 per cent. this III
eie"se, rs ina. ol tne 'a'ue Oh lapuS, Is
ial sleateI tuaE tue increase III lhe
ihol.sase uept. In 1851 the average
,iIor,sage ueot piaced on record was
H. 10 per cent ot Tue Vaiue OF the Iarins'
~ to'o IL "aS ouiS 80 per cent. mere
10 nil"w Il lelative Increase I'D mort
gase ueoI wleil compared win tue
i resoulces VI the farms OF IL per cent.
INC eulaiiest decrease Ill any Oh the
groups Oh Iarhh counties.
Greatest Increase in City Counties
The great body of the increase is in the
mortgage debt and mortgage fore.
closures i'll the city counties. The mort.
cages recorded in Ramsey, Henuepin
and st. Louis counties constitute two
thirds of those IN the state. This can
be seen by comparing the table for the
state with that of group one. The
mortgage foreclosures are also actually
and relatively greater in the CITY
counties than in any part OF the state.
The mortgage debt in the timber and
mineral counties. as can be seen by
group two, is relatively small. Mentor,
has already been made of the fact
that the mortgage debt of group one,
composed of the Oldest counties OF Min.
nesota, decreased in ten years. Not all
of the counties of that group show a
decrease. The counties which show
such decrease are Clay, Dodge, Fill
more. Freeborn, Goodhue. Houston. Isan.