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Show THE CITIZEN ((A Thinking Paper for Thinking People" Published by THE GOODWINS PUBLISHING COMPANY. matter, June 21, 1919, at the Postoffice at Salt Lake City, Utah, under the Act of March 3, 1879. SUBSCRIPTION PRICE: Including postage in the United States, Can-- 1 ada and Mexico, $2.50 per year; $1.50 for six months. Subscriptions to all for-- j eigh countries, within the Postal Union, $4.50 per year. Entered as S second-clas- s FRANK E. SCHEFSKI, Manager and Editor . He is a native son of this city and has made a big success in his business ventures. Being a mining engineer, mining was naturally his forte and he developed some of our largest mines, owned some of them, and was very successful. In later years he took up the cattle and sheep business and is heavily interested financially in agriculture. He has been one of the most successful young men in the state. His money is all invested here and he is a big tax payer. He has been one of the few big men to invest their wealth in his state. Many of our business men have raised the question: Why not elect a big business man for senator V The result was. thta several of them got together and sent Bamberger a telegram, offering to get behind him if he will give his consent to run. Among those who signed the telegram were W. Mont Ferry, James J. Burke, Paul F. Keyser, Serge F. Balif, James Ivers, E. R. Callister, John C. Lynch, Harry S. Joseph, Imer Pett, Daniel Alexander, Ross Beason and John A. Barclay. TITLE INSURANCE BAMBERGER ASKED TO RUN Title insurance is not an experiment. It is the best proProminent business men of Utah are urging Ernest Bam- tection a real estate owner can have. People of this intermountain country have been slow in grasping the real business imberger to become a candidate for United States senator. Bamof insuring real estate titles, but they are now eduberger is in Los Angeles and a wire was sent him a few days portance cated to its real importance, and in line therewith a company ago asking him to give his consent to run in order that his has been organized to handle such titles. Utah and Idaho are friends may become active in his behalf. the only two states where such insurance has not been written, Bamberger has been national Republican committeeman and as a result of such neglect many have paid dearly for errors and even forgeries that have cropped up from time to time in real estate titles. This intermountain field was open for such a company and about 300 prominent business and professional men of Utah and Idaho have incorporated the Intermountain Title Guaranty Company, the articles of incorporation having been filed during the week with County Clerk Lon Mackay. The new company is capitalized at 20,000 shares of no par value and 10,000 shares of preferred stock, with $300,000 of the capital stock paid in before incorporation papers were filed. For several years intermountain business men have advocated such insurance but until recently no one took the initiative and for that reason real estate values have not been stabilized. In some cases, it takes months to run down and correct, mistakes in titles, but with this modern system every title is guaranteed. title insurance V9 Title insurance does away with the lengthy abstract .and in its stead gives a title backed by a big and financial corporation, guaranteeing the title to the one who owns the property and insures. The fee is much less than keeping abstracts up to date, and after the initial insuring cost the title holds good during the life time of the applicant. It immediately gives property a selling and loaning value not heretofore rated ; it establishes confidence in property values, and it provides a means of purchasing and selling real estate which requires but a few hours to consummate a deal, whereas under the old method, it takes weeks and sometimes months for an able abstractor to bring titles up to date and then there may be mistakes which involve lawsuits to What is settle. Under an insured title, the burden of an incorrect title wholly falls upon the company and the insured is absolutely guaranteed his right and title to possession of purchased property. In the event of litigation concerning a title, the company conducts the lawsuit at its own expense, making no charge even though the claim has no foundation. An insurance title once acquired is confidence in real eshrnest Bamberger, Republican National Committeeman, who is asked to get good for life. It immediately promotes in the race for United States Senator tate values, so essential to a thrifty community. The doubtful may say. Why go to this expense! !nce 1920 and he has done a great deal of work for the party. There are several good reasons, especially when our records Je has never been too busy to work for his party, and many of and the attorney s title of abstract an show that for conclusively rewarded bo Republican . , leaders believe that lie should wills may turn hard work. opinion does not cover all. For instance, missing |