The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-07-27
The East More Heavily Buried
Under Mortgage
Than the West as Shown By
Census Statistics
JUST MADE PUBLIC.
One-quarter of the Entire Mort
gage Debt of U. s.
Rests on Property In New York
City.

Washington, July 27.-''Real Estate
Mortgages in the United States is the
title of a volume just issued by the cen
sus bureau. the work having been de-
layed until now on account Of the
rush at the government printing Office.
According to this publication during
the decade of 1sSO-s9 there were $751;
TAI mortgages, representing an in
CURED debt of 1904 ,877, 1893. During
this time acre tracts were covered by
4,747, O7S mortgages. representing a debt
of s., 1896, III, 112 and 4,770669 mortgages
were placed on lots to secure an in
CURED debtOf $7.198. LOG, 6S1- Within the
same period 622, S55, 091 acres were COW
cred by 4,75S, 26S mortgages stating and
not stating the amount of debt Sc
cured by them, and S,027, 031 lots were
covered by 4,77sO75.
In Cook county, Illinois, containing
Chicago, during this decade there was
incurred 1872 per cent Of the mortgage
debt of the state.
In the association of mortgages with
cities New York was the most con-
spicuous in the Union. No other state
incurred as much mortgage debt as
New York did, the amount for the ten
years being $2,276, s32. 81, or 1888 per
cent of the amount incurred in the Uni
ted States during the same time. New
Ork CITY QeDL, GOlGIUllIOuS Win Tic
county of the same name, was 536S
per cent of the debt of the state and
1O11 per cent of the debt incurred in
the United States.
In eight counties the incurred debt
was SO76 per cent of the states debt
and 1920 per cent of the debt of the
United States during the ten years.
These counties consisted of Erie, con-
tanning Buffalo; Kings, containing
containing RRChPG-
ter; New York; Onondaga, containing
Syracuse; Queens, suburban to Brook
Ign; Rensselaer,, containing Troy and
Westchester, suburban to New York
city.
Philadelphia, with the county of the
same name, and Allegheny county,
containing the cities of Allegheny and
Pittsburg, contributed 1857 percent to
the debt incurred in Pennsylvania.
The number of mortgages stating
amount of debt made in that state, l.
OBS, sos. was greater than the number
made in any other state Ond 1921 per
cent of the number made in the United
States.
New York had more mortgages in
force than any other state, 579,472, al
though more mortgages were made in
Pennsylvania during the decade than
in New York. Mortgages endure for a
considerably longer period in New York
York than in Pennsylvania. New
York also had more debt in force than
any other state, 81, 607, 874, sol.
In number and amount of mortgages
Pennsylvania stood second. the num-
Der of mortgages being 51S,165 and their
amountS613, 105 500. In regard to debt
in force Illinois stood third, Massachu-
sets fourth. Ohio fifth, Kansas sixth,
California seventh, New Jersey eighth,
Missouri ninth, and Iowa tenth.
The mortgage debt of these ten states
was Il. rs per cent of the mortgage debt
of the United States; that of the first
five states 52.97 per cent; New York
and Pennsylvania, $500 per cent; and
New York 26-71 per cent.
Kansas had more mortgages in force
on acre tracts than any other state,
2O3, 306. and New York had more debt
in force on acres, the amount being
S217, S13. O55. In the case of lots New
York stood before all other states, both
in number of mortgages in force (422,-
$3.50 and the amount of debt, 1880, O61,-
246. There was a marked cOncentra-
ton of mortgage debt in New Jersey
in the neighborhOod of New York city,
and a still greater concentration Of
mortgage debt in New York county,
coterminous with the city of the same
name; in Kings county, containing
Brooklyn; Queens county, suburban to
Brooklyn; Richmond county or Staten
Island across the bay from New York,
and Westchester county, suburban to
New York Within this region the
mortgage incumbrance amounted to
81 141, 12S, $50, or 1887 per cent OF the
mortgage debt of the state, and 1886
per cent of the mortgage debt of the
United States. These counties, togeth-
er with six counties of New Jersey
Bergen, Essex, Hudson, Monmouth,
Passaic, and Union-were incumbered
with a mortgage debt amounting to ST.
279, 343, 70S, or 21.25 per cent of the mort
gage debt of the nation, and more than
twice the mortgage debt of the entire
south
New York county's mortgage debt
$685., 6S4. 53O-was equal to the mortgage
debt of the south and 55.44 per cent
more. 1t was nearly twice the mort
gage debt of that part of the United
States lying west of the Dakotas, Ne
braska, Kansas and Texas, compris-
ing the Rocky mountain and Pacific
coast regions. 1t was S6.62 per cent of
the mortgage debt of these regions and |
the south combined, and 4o.42 per cent
of the north central division of the Uni
ted States. with the cities of Chicago,
Cincinnati, Cleveland, Detroit, Indian
apolis. Kansas City, Milwaukee, Min
neapolis, st. Louis, Omaha and St. |
Paul.
In the aggregate the mortgage debt |
Of the United States, excluding the |
debt of quasipublic corporations, |
amounted to S6.019. SIS. 9s5. This was
1857 per cent of all taxed real estate |
and untaxed mines, amounting to 1885,, |
lis, AIS. 0S4, by a portion of which the /
mortgage debt was secured.
The per capita mortgage debt OF the |
United States was 500, the highest state |
average being 1858 for New York and |
the lowest SO for South Carolina. To |