The state republican. (Jefferson City, Mo.) 1871-1896, 1894-08-30

MISSOURI MORTGAGES.
An extra census bulletin, giving
statistics of farms, homes, mort
cages, ownership and debt in the
State of Missouri, shows that Bios
per cent of the farm families hire
and $685. per cent own the farms
cultivated by them; that 3G.43 per
cent OF the farming families own
subject to incumbrance, and 63.57
per cent own free OF incumbrance
Among 100 farm families, 81 hire
their farms, 25 with incumbrance and
AZ without incumbrance. On the
Owned farms there are liens amount
ing 70 S53, 1853, oil, which is 80. .28 pei
cent of their value, and this debt
bears interest at the average rate Of
793 per cent, making the average
annual interest charge $68 to each
family. Each owned and incumbered
farm, on the average, is worth $2643,
and is subject to debt of 1858.
The corresponding facts for homes
are that 63.74 per cent of the home
families hire and 1926 per cent own
their homes; that of the home own .
ing families 72.0S per cent own free
of incumbrance, and 27.92 per cent
with incumbrance. In 100 home
families on the average "a hire their
homes, 10 own with incumbrance and
26 without incumbrance. The debt
on owned homes aggregates 500,
232, 1858, or 39.7S per cent of their
value, and bears interest at the aver
age rate of 7.30 per cent; so that the
annual amount of interest to each
home averages $40. An average
debt of $1041 incumbers each home,
which has the average value of
S2616.
There are six cities in the class of
those having population of 8 900 to
100, 900 and in these cities So per
cent of the home families hire and
40.28 per cent own their homes; and
of the home owning families 31.27
per cent own with incumbrance
68.73 own free of incumbrance. In
100 home families, on the average,
are found 60 that hire their homes,
IL that own with incumbrance,
and 28 that own without incum-
brance. The liens on the owned
homes are 38.4S per cent of the value
of those subject to lien. Several av-
erages show that the late of interest
is sos per cent; value of each owned
and incumbered home, $2399; lien
on the same, 1923; and yearly inter
est charged on each home, s74.
Kansas City and st. Louis are the
only cities in the state having pop
ulation of more than 100000. In
Kansas City 76.87 per cent of the
home families hire and 23. l3 per cent
own their homes; 1922 per cent of
the home owning families have in
cumbrances on their homes, and 3D..
7S per cent own and occupy homes
tree of incumbrance. Among 100
home families, on the average, n
hire, ii own with incumbrance and
II without incumbrance. Averages
for each owned and incumbered
home: Incumbrance, $22S9; value
S5S26; interest charged TO one year,
Sl6S; rate Of interest, 7.33 per cent.
Homes are incumbered for 1928 per
cent of their value.
In st. Louis 1888 per cent of the
home families hire and 2O.47 per
cent own their homes: 26.54 per
cent of the home owning families
have incumbrance on their homes
and 73.46 per cent own and occupy
homes free of incumbrance. Among
100 home families, on the average,
so hire, 5 own with incumbrance and
10 without incumbrance. Averages
for each owned and incumbered
home: Incumbrance, $l9S3; value,
S4323; interest charge for one year,
sl22; rate of interest 6.l5 per cent.
Homes are incumbered for 1886 per
cent of their value.
Real estate purchases and i'm
provements, when not associated
with other objects, caused 1926 per
or families to incur 72.74 per cent of
the farm and 1914 per cent of the
home debt, or families to incur 1890
per cent of the home debt.
FOR SLEEPLESS ONES.