Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1894-09-14
FARM AND HOME OWNERS.
They Number 12,76O,152 In the
United States.

The Census Office has mado public the
principal results of the investigation % farm
and home proprletorship, which was made
In all of the States and Territories. This is
the first investigation of tho KIND ever con
Quoted for this any other country.
The farm families number 4,7G7,l ,l79, OF
which 65. 80 per cent. own their own farms,
and "a. s per cent hire, while Of the owning
families %. % per cent. have encumbranceS
on their farms and 77.78 per cent. have none.
In 1880 % Sc per cent. of tho farms wero
hired.
Ofthe 1892 973 home families 36. 80 per
cent. own their homes and 63.l per cent.
hire them, whIle Of the owning families 27.7O
per cent. own their homes subject to encuM-
brance and 72. 80 per cent. free.
In the cities and towns OF 5000 TO 100000
population are 1,749,57 home families, of
which IS. So per cent own their homes and
6404 per cent. hire, while OF the owning
families "a. IL per cent. own subject to
encumbrance and 65. 80 per cent. without en-
cumbrance.
In the cities that contain over 100 900 pop
ulation there are / ,948, ,S34 home families Of
which 22.83 per cent. own their homes and
7717 per cent. hire, while OF the owning
families 81. 80 per cent. own subject TO en-
cumbrance and 62. 90 per cent free OF encum-
brance In those cities New York has the
highest percentage Of home tendency,
namely 93 81 Boston IS next, with Sl.j7 per
cent Brooklyn third with Sl.44 per cent. !,
Jersey City fourth, with 100 per cent, and
Cincinnati fifth, with 80. 81 per cent.
To bring the urban population into con
trast with the nOn-urbGn population, totals
have been obtained for 4,224, $50 hons
families living outside Of cities and towns OF
5000 people and over, and OF these families
43. .78 per cent. own their homes, J6.22 per
cent hire while Of the owning families 23.OJ
per cent. own with encumbrance and 7G Jl
per cent own without encumbrance.
The S9G, ,957 farms subject 70 encumbrance
are worth 80. .054 923. 165, and the encum-
brance is 81, ,0s5 995. $50, or 1856 Ter cent.
of the value. Tne 500, ,933 homes subject 10
encumbrance are valued at S2632 .375, JJ4,
and the encumbrance Is II ,O46, J53 COB, or
80 II per cent. Of the value.
The average value Of each owned and en
cumbered farm is s4444, of encumbered
home $3.50, and the average encum5rance
on each OF the farms Is $I224, on each en-
cumbered home $1293. The interest charge
on the encumbered farms is S76, 728. OFT, on
encumbered homes S65, ,1S2, ,029. The aver
age interest charge on each encumberei
farm is SS7, on each home $50. The aver
age rate of interest on the encumbrance on
farms 1s 7.07 per cent. on homes 623 per
cent.
In the cities of 5000 to 100, 900 population
the average value of each owned and encum-
bered home is s3447 average cncunbrance,
$l363 average annual interest charged, 55i /,
average rate Of interest, g. 20 per cent.
In the cities having at least 100, 900 pCpu
lation. $3.50 represents the average value OF
each owned and encumberel home. New
York has the highest value, namely, sl9, 200 :;
San Francisco Is second, with S7993 Brook
lEn third, with S7349 Omaha fourth, with
S7l79. and Washington fifth, with 57054.
The annual interest charged on each ownet
and encumbered home In these cities is Sl34.
The highest amount being S43S, 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 7.86 per cent. New
York has the lowest rate, 4. 95 cent, and Bos-
ton stands next with 5. IA per cent,