Extra Census Bulletin No. 56
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On farm loans the average rate of interest is 10.55 per cent; on home loans, 11.15 per cent. Hence the average annual interest value of each owned and incumbered farm in this state is $418 ; of each home, $328.
Objects of indebtedness. — Investigation of the reasons why farm and home indebtedness was incurred discloses the fact that 47.23 per cent of the farm debtor families of the state incurred 51.30 per cent of the farm debt for the purpose of buying real estate and making real estate improv...ements, when these objects were not associated with other objects, and that for the same objects, in the case of homes, 63.42 per cent of the home debtor families incurred 65.01 per cent of the home debt.
The objects of real estate purchase and improvements, business, and the purchase of personal propertj^, when not complicated with other objects, led 65.48 per cent of the farm debtor families of the state to incur 72.60 per cent of the farm debt, and 83.23 per cent of the home debtor families to incur 90.30 per cent of the home debt.
What to read after Extra Census Bulletin No. 56?
You can find similar books in the "Read Also" column, or choose other free books by United States. Census Office. 7th Census, 1850 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On farm loans the average rate of interest is 10.55 per cent; on home loans, 11.15 per cent. Hence the average annual interest value of each owned and incumbered farm in this state is $418 ; of each home, $328.
Objects of indebtedness. — Investigation of the reasons why farm and home indebtedness was incurred discloses the fact that 47.23 per cent of the farm debtor families of the state incurred 51.30 per cent of the farm debt for the purpose of buying real estate and making real estate improv...ements, when these objects were not associated with other objects, and that for the same objects, in the case of homes, 63.42 per cent of the home debtor families incurred 65.01 per cent of the home debt.
The objects of real estate purchase and improvements, business, and the purchase of personal propertj^, when not complicated with other objects, led 65.48 per cent of the farm debtor families of the state to incur 72.60 per cent of the farm debt, and 83.23 per cent of the home debtor families to incur 90.30 per cent of the home debt.
What to read after Extra Census Bulletin No. 56?
You can find similar books in the "Read Also" column, or choose other free books by United States. Census Office. 7th Census, 1850 to read onlineMoreLess
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