This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...in the same districts. The association was very close in 1910--closer, perhaps, than that of tenancy with any of the other phenomena with which comparisons are made here. High land prices have been characteristic of the districts where the standard size of farms was especially large. As a consequence the investment ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...in the same districts. The association was very close in 1910--closer, perhaps, than that of tenancy with any of the other phenomena with which comparisons are made here. High land prices have been characteristic of the districts where the standard size of farms was especially large. As a consequence the investment necessary for the purchase of a farm of representative size in the districts of high prices has been much larger than in the districts of smaller farms and lower prices. Since the percentage of the value which can be covered by mortgage is smaller in the case of the higher priced land,45 the demand for ready cash is greater than the ratio of the price to cheaper land would lead one to suppose. Eeady cash, however, and credit on which to get money, is what the tenant ordinarily lacks. 45Stewart, C. L., An Analysis of Rural Banking Conditions in Illinois, 14, IS. For the most part, the influence of timber has been expressed in our data in the reduced earning power of the land. It seems probable, however, that it has had an effect upon tenancy in a more direct manner. Timber offers attractions to many people because of the kind of life to which it is conducive. Hunting, fishing, and the more varied activities which characterize life where the function of woodsman and farmer are combined probably cause the owners of such land to have less desire to retire from their places. The result of the study of sectional differences shows that a single index, such as the value of land per acre or per farm, cannot be regarded as sufficient for an explanation of sectional differences in tenure. Of all single factors given statistical expression in the census reports gross values of products per acre seem to have had the most complete sectional parallelism with te...
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