Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-04-11


and - per cent. own free of incum-
brance. Among 100 families. on an
average, 50 hire farms or homes, IL
per cent. own with incumbrance ana
30 without On owned farms ana
homes there are liens amounting 10
So, 132, 949,56S, which is 81 per cent, of
the value of incumbered farms ana
homes, and this debt bears interest at
6.65 per cent. Each owned and in
numbered farm or home, on the aver
age is worth S3,352, and is subject TO
a debt of Sl,257. In regard TO families
occupying farms, the conclusion is that
"a per cent. of the families hire and 66
per cent own the farms cultivated by
them, that IS per cent of owning tami-
lies are subject to incumbrance and
~ per cent own free of incumbrance.
Among 100 farm families, on an aver
age, "a per cent. hire farms, 10 per
cent. own their farms with incum-
brance and AZ per cent. without in
cumbranee. ON owned farms there
are liens amounting to $1,05S,9aS, $50,
which is 80 per cent of the value OF
incumbered farms, and this debt bears
interest at the average rate of T.01 per
cent. Each owned and incumbered
farm, on the average. is worth S3,444
and is subject to a debt of Sl,22l,
Washington April 9.-The treasury
officials are greatly dispirited over the
-, hn in
come tax and, while admitting that
they have 40 reliable data upon which
10 form an accurate estimate, they
express the belief that the net result
of the decision will be the loss of at
least 30 per cent. in receipts from the
incomes. In some cities the loss will
be far greater than this, notably in
the city of Washington. where the
loss is expected to reach ~ per cent.
Washington, however, is exceptionally
a renting city. The proportion of
rented houses. in other cities Of the
country is also very large. In 1870
the rented house in New York city
was nearly "a per cent of the whole
In Boston it was 81 per cent; in
Brooklyn 81; in Cincinnati so. and in
Jersey City ST. In other large cities
the percentages ranged down to 56 at
Rochester In New York city there
We're 292.956 rented houses; in Phila-
delphia 1877 sos; in Chicago 156,566
in Brooklyn 1908. The total num-
Der of rented houses in the United
States in 1890 was 1,120.4ST. which
during the last five years has undoubt
eddy increased very materially. Dwell
ing houses however, represent only
a small part of the capital invested
in buildings of every character, which
produce enormous rentals. Compare
lively little is expected from interest
on state, county and municipal bonds
but the total loss. 1t is thought. will
not fall short Of $15,000,000 or 500
100000 for the first year and this loss
is expected to increase rather than
diminish in succeeding years, should
the law remain unrepealed, The loss
Of the revenue, however, Is not the
only cause of regret among the
officials. The fact that the court Is
evenly divided on the main constl
tutional question, 1t is expected, will
result In almost endless litiga ton, thus
very materially adding to the expen-
ses Of collecting the tax. Nevertheless
the internal revenue officials will pro-
coed at once to prepare supplemental
regulations. to conform with the de-
cision and from now on until next
Monday, when the time expires within
which returns may be made, any re-
turns in which incomes from rents,
bonds are deducted, will be regarded
as in full compliance with the law.