Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1894-11-03
pEeTs OWED ON LAND.
Ola million Dollars Due IN Mortgages. Ac.
sording to Government Report.


sus Once for the whole United
States during the last dc ade Is now
completed and an extra bulletin has
just been issued by Carroll ID.
Wright, superintendent of the cen.
suS comprising fifteen tables which
give the chief results Of the investi-
cation. The first table, says the
Wash ngton PIst points out quite
clearly one of the principal reasons
for the '.hard tines from which The
country Is now suffering. 1t exhibits
the real estate mortgage move ent
10 the various States and Territories,
with O summary for the United
States during the ten years 1880. 1889.
During shat time O.5i5,7i7 real es.
tate mortgages, stating amount of
d bt incurred, were made 10 the
United States, representing an In.
Cured indebtedness of Sl2,O9 81, .
,V2. The nu nber of mortgages made
during one year increased from 50, /.
lab In 1851 to l,226, 323 In 1889, or
o. 90 per cent, an the yearly n.
CURED indebtedness increased from
&71U,SSs, bO4 In 1880 to = 152, $685.
274 IN 1882, or 49, So per cent
With regard to mortgages on acre
tracts, the number made during tho
ten years was 4,747,O,s. representi, .
an incurred Indebtedness of al 500,
771,1l2. The number of thcsc mort.
cages made In 1850 was 3,O.ys4: In
$3.50, 525,OJ4. an increase OF 4l.54
per cent; while the incurred indebt.
edness increased from s3Ip 6GG 49, in
1880 To s5s5. 7Iv in $50 nm incro,so
of 70 ys per cent. Thc inrroa. ~ wns
relatively larger in the case NJ mart.
cages on lots Thcv numhcrod
!. 10. 66y during tho ten wears nnd
,he indebtcdncss incurred ,,ndsr tbon,
amounted TO 7.Iv.. i0T.SSI Erom
1850 TO 1850 the annual number made
Increased from 2iY. In.I En- ,0I. ypD an
incrense of I,7.G5 nor cant Dmr,n"
tho same time tho amonnt ~, animal
Indebtedness incurred in .ronsod from
s3Gs. 322. OF TO 81. l,,,. sas. ana. nm In.
crease of BIG. SO nor cent. Dnring tho
decade oo,. s55. obi acrcs were cnv.
cred Inv a T5s. oss mortva,cs stating
and not stating the nHount of in.
debtedness Incurred under them: the
number ~ ncrcs 1oyercd Inv mort.
CAGES in iss0 was 10 iIa O,s. in IssH
7O'GTs. y57. nm Increase M M aa nor
cent In tho ease M lots covorod nv
mortgage the Increase from iss0 tn
ISSO wns l0s. "a Nor cont Tho nun.
ler covered nv mortvaves STATING and
NOT stating tho nmn,,nt M indohtod.
ness in the former wear beinv Ioo MA.
I'm the latter vcnr I Dsy aai
Al the end OF the decade. Inn I.
1sNO. tho real estate mnrtvnva IN,
dehted ness Amounted IN AZ III" a."
Os5. renresented nv J7,7 aus mort.
papss These MORTGAGES are d,vided
into two classes. as follows. Mart.
cages ON acres. .aO3 O8i: nmonnt n,
inde bteduess, $2,2O0;l4s, All: mort.
CAGES on lots, 2,414,G37; amount OF
indie btedness S3,slO,53i,55I, Mum.
Der Of acres covered BY existing mort.
CAGES 2I3, 352, lOy; number OF lots,
!, i1l,l3S. New York IL conspic,,
Ousiy prom nent as having a real es
tate mortgage Indebtedness 0f a..
So, s,I, 3Oi, which Ia 28.7I per cent
OF this class OF Indebtedness in The
| United states, Nevada has tht
smallest amount OF Indebtedness OF
this sort, namely. g.. lD4. DyS. nm
amount that is exceeded by the OK.
| listing mOrtraue indebt edness of each
county In the tatc of New York,
except two. It. Is computed that Tho
average life OF mortgage I'm thu
| United States ia 4. ego wears: Of ;
mo. tvauc on acres, 4.54O wears: OF !
mortgage on lots, l,740 years Th(
longer life I'm the case both classes n
mortgage Is found I'm New England
New York, and New Jersoy: tht
shorter life In the south and in Tn,
newly settled revions west Of IN,
Mississippi River
since mort.o,os 4, ,,r.o vo..
mada 70 Gs nor con, -, ,nS"ht odnos'
incmrr 4 mnder ttam has h en e~
tinvnished nv oartiai navmonts. 4,
the cose NJ r,ortvaves m ncres n a,
Nor cant. I'm Iots ~ ~ mar cant I'M
norcont.vo NJ martial nov,oon,s i,
highest in the south and lowest r.
tina marc newIv scttlod reuions Snh
ioct IN nj, tho n ncmitios that boso,
anv attomnt IN daterm,no such I,
nronortion H. annears that tho rea
estate ,nortvavr indentcdncssa an
force IN the nited states i. IA a;
ncr cent NJ the true vai,,e u, nj, taved
ran, estate and mntnycd m,nes II
Mnvor Gilrov,s estimotc M S3 l0h
725. DIS IA the true ynlue of real "a
| 49, A., ~ VI, a, ...l A.