The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-09-19
FARM AND HOME OWNERS.
They Number 12,76o,152 In the
United States.

The Census oflce has made public the
principal results Of the investigation of farm
and home proprietorship, which was made
In all OF the States and Territories. This Is
the first investigation OF the kind ever con-
Quoted for this or any other country.
The farm families number 4,767,17 OF
which 5.92 per cent. own their own farms,
and 34s per cent. hire, while OF the owning
families 1922 per cent. have encumorances
on their farms and TITS per cent. have none.
In 1880 1856 per cent. OF the farms were
hired.
Ofthe 7,ss2,s73 home families $3.50 per
cent. own their homes and 63.10 per cent.
hire them, while Of the owning families 27.7o
per cent. own their homes subject to encum-
brance and 80 per cent. free.
In the cities and towns OF 5000 to 100, 900
population are 1,749,579 home families. OF
which 35. 96 per cent own their homes and
6l04 per cent. hire, while OF the owning
families 34.11 per cent. own subject to
encumbrance and $3.50 per cent. without en-
cumbrance.
In the cities that contain over 100, 900 pop
ulation there are 1,94s, 1874 home families, OF
which 22.83 per cent. own their homes and
TIT per cent. hire, while Of the owning
families $3.50 per cent. own subject to en-
cumbrance and 62.20 per cent. free OF encum-
brance, In those cities New York has the
highest percentage OF homo tendency,
namely, 1857 Boston is next, with Sl.57 per
cent. Brooklyn third, with Sl.44 per cent. .
Jersey City fourth, with s1.20 per cent. and
Cincinnati fifth, with so.s per cent.
To bring the urban population into con-
trast with the non-urban population, totals
have been obtained for 4,224,56 home
families living outside Of cities and towns OF
5000 people and over, and OF these families
43. 78 per cent. own their homes, 66.22 per
cent. hire, while OF the owning families %. 09
per cent. own with encumbrance and 76. 81
Der cent. own without encumbrance.
The SS6, ,957 farms subject to encumbrance
ara worth S3,054, ,923, 1885, and the encum-
brance Is $1,0s5, ,995. $50, or 1856 Fer cent.
OF tie value. The 800, 939 homes subject to
encumbrance are valued at S2,632, ,375, ,904,
and the encumbrance Is $1,046, ,953, sos, or
39.77 per cent. OF the value
The average value Of each owned and en-
numbered farm Is S4444, OF encumbered
home $3.50, and the average encumbranee
on each OF the farms is 1921, on each en-
numbered home S1293. The interest charge
on the encountered farms Is 76,72S. OFT, on
encountered homes $65, ,1S2,029 The aver.
age interest charge on each encumbered
farm is $87, on each home $50. Tne aver
age rate Of interest on the encumbrance on
farms ls TOT per cent. on homes 6.23 per
cent.
In the cities Of 5000 to 10000 population
the average value OF each owned and encum-
bered home Is S3447 average encumbrance,
$13s3 average annual interest charged, SSe :
average rate OF interest. 6.29 per cent.
In the cities having at least 100, 900 popu.
lation, 1856 represents the average value OF
each owned and encountered home. New
York has the highest value, namely, Sl9,2O0
San Francisco Is second, with $7993; Brook
Iyn third, with s7349; Omaha fourth, with
S717s, and Washington fifth, with s7O54::
The annual Interest charged on each Owned
and encumbered home In these cities Is S13L
The highest amount being s439, in New
York, and the lowest amount s33, IN Louis
Vile. Denver has the highest average rate
Of interest, namely, 7.s7 per cent, and New
Orleans Is second with 7.S6 per cent. New
York has the lowest rate, 4.95 cent, and Bos'
ton stands next with ia per cent.