The Beatrice Daily Express

INTERESTING MORTGAGE STATISTICS

Made So In View of the Decision on the Income Tax Law.

WASHINGTON, April 9.—The compilations of farms, homes and mortgage statistics made by the last census is interesting in view of the decision of the supreme court. These statistics do not, however, give details concerning rents paid. A summary of the statistics show there are 12,690,192 families in the United States and of these families 52 per cent hire their farms or homes and 48 per cent own them, while 28 per cent of the owning families own, subject to incumbrance, and 72 per cent own free of incumbrance. Among 100 families, on the average, 52 hire their farms or homes, 13 per cent own with incumbrance and 35 without incumbrance. On the owned farms and homes there are liens amounting to $2,132,949,563, which is 37 per cent of the value of the incumbered farms and homes and this debt bears interest at the average rate of 6.65 per cent.

Each owned and incumbered farm or home, on the average, is worth $3,352 and is subject to a debt of $1,257. In regard to the families occupying farms, the conclusion is that 34 per cent of the families hire and 66 per cent own the farms cultivated by them; that 28 per cent of the owning families own subject to incumbrance and 72 per cent own free of incumbrance. Among 100 farm families on the average 34 per cent hire their farms 19 per cent own their farms with incumbrance and 47 per cent without incumbrance.