345] The Condition of the Western Farmer. 



67 



money whatever upon land, and those who owe money 

 only upon additional lands recently purchased. A foot-note 

 gives the facts about the mortgages which have been exe- 

 cuted by the men of this last subdivision. 



XVIIL REAL ESTATE MORTGAGES OWED BY RESI- 

 DENTS, WITH REFERENCE TO THE MODE OP 

 ACQUISITION OF THE LANDS. 1 



These figures are very striking from almost every point \ 

 of view. First, we observe that half of all the settlers on 

 government land have their lands entirely free from mort- 

 gage, while only four have mortgages upon their original 

 homes ; in the case of those who have mortgages upon their 

 additional lands, the average debt per acre is very low, being 

 only $3.09. Of those who have their original homes mort- 



1 In this table the percentage of partial payments has not been, 

 deducted, as the figures are used only for comparison, and by omit- 

 ting this deduction the matter is much simplified. 



2 The mortgages against these five men cover 480 acres of their 

 lands, and, the total amount of their debt being $3950, the average 

 amount they owe on each mortgaged acre Is $8.23. 



