The state republican. (Jefferson City, Mo.) 1871-1896, 1894-09-06

FARM AND HOME OWNERSHIP.
The census office has given to the
public the principal results of the
investigation of farm and home
proprietorship in all Of the states
and territories. This is the first
investigation of the kind ever con-
Quoted in any country, OF the
IL, $50, 1852 families in the whole
country almost 4S per cent own their
farms and homes and the rest hire.
OF the families owning farms or
homes almost % per cent have
membranes, and over ~ per cent
have no incumbranre. The number
of resident owners Of land in the
Cnited Stales is G,OGG,417 to which
must be added any land owners who
may be living in tenant families.
The farm families nambcr 1916 ,179,
of which SO per cent own their farms
and others hire. OF the owning
families over 2S per cent have
membranes on their farms. IN
1880 25.5G per cent of the farms were
hired
In the cities that contain over
100000 population there are .94S, ,S3i
home families, of which almost 23
per cent oHn and - per cent hire,
while of the owning families 80 per
cent own subject TO incumbrance.
Among the cities having 100, 900
population and over, New York ha.
the highest percentage of hom
tenancy, amounting to nearly 90. 81 {;
Boston is next with Sl.57 per cent !;
Brooklyn third with S1i6 per cent /;
Jersey City, 81 20; Cincinnati, so. .S2.
The percentage for Baltimore is
1894; Buffalo, G0. 03; Chicago, II 81;
Cleveland, 80; Denver, 70.S9;
Minneapolis, S. So; New Orleans,
"a 81; Philadelphia, 77.24; ST. Louis,
79.5S; st. Paul, $3.50; San Fran
cisco, 7S.4G; Washington, ID. G.,
"A 80. The smallest percentage, 5G
represents Rochester, New York.
Bringing the urban population into
contrast with the nonurhan popua-
tion, almost Al per cent Of 1924, go
home fam lies living outside OF cities
and towns OF 5000 people own their
own homes and 50 per cent hire.
The value of the l,G0G, $50 incum-
bered farms and homes is 80, ,Go7, ,236,-
OC9 and the incumbrances aggregate
81, 1872, ,949, ,563 or 80 per cent of
the value. OF the incumbrance on
farms and homes over 20 per cent
bears interest at the rates less than 6
per cent; "a per cent at the rate of
& per cent; 33 per cent at the rates
greater than 6 per cent, and IL per
cent at rates greater than 8 per cent.
The average of value of each
owned and incumbered farm in the
United States is S3,444, of each
incumbered home SS,250, and the
average incumbrance on each of the
farms is 1921; on each incumbered
home 81 ,293 The $50, ,957 farms
subject to incumbrance are worth
SO, ,054 1923, 165, and the incumbrance
is Sl,0S5, ,995 960, or 35.55 per cent
of the value. In the cities of 100,-
900 population and over the value
of the l6S, l59 incumbered homes
occupied by owners is 1894, 19l ,S1l
and these homes are encumbered
for S393, ops, 1888 or for 42.O7 per cent
their value.
In the country outside of the cities
and towns of 5000 people and over
the value of the 421, 161 incumbered
homes occupied by owners is $685.
337, 1906, and the incumbrance is
1851, 1,311, ,796 or 37.7 per cent of the
value. In the cities having at least
100000 population, $751; represents
the average value of each owned
and incumbered home. New York
has the highest value, $40, 200; San
Francisco second with S7,993
Brooklyn third with $7,349; Omaha
fourth with s7,l79 and Washington
fifth with s7,045. The annual inter-
est charged on each owned and
incumbered home in these cities is
isl34, the highest amount being $43S
in New York, and the lowest amount,
s33, in Louisville. Over 81 per cent
of the incumbrance on homes was
incurred to secure the purchase
money and to make improvements.