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Show 1SSIE TELLS OF BENEFITS OF NEWLAND HOT Chairman of Committee Which Drew the Measure Discusses Its Many Good Features. CLEARS TITLES AND KEEPS THEM CLEAR Also Will Cheapen and Quicken Dealings in keal Estate, Declaration of Expert. By ETJGEXi; C. MASSIE, CTiairaian of the commit toe which drts-w up ta Uniionu law on rogUtratiou of land titlts. Tho niHin viM about thr land registration regis-tration J pr!r to caJl it, is that it will clear tulos to laud MiJ kcop thei olear. It will cheapen all deaJ-infs deaJ-infs wirh land ard will quicken tnn-h deaim. It aids a new feature-, or qua'ntT. to the value of land, making it. ia a sen, ne-ot abU. The rerist:ation of lund title act not the true Torrens yyvtem. We e.vn I liot have the true Torrers system in the Tcit-ed Statoj be-au! of the written c-onstit Jtioci, but it embodies the prin-c.fies prin-c.fies of thr? Torrens stem, covering the reua:ion and arantte by law rf ; uties to land. For a lonj tirr.e contituticnai que-j que-j tioiis were raif-d against the iaud titles realisation act, but it eeos now that , there is no cancer of di.-a;or on that avouct. The act has been adoptol in twd.'e states. I; has been fought wherever ictro.r-cd aud after ita m-troiuctioa m-troiuctioa a weli. One Great Benefit. j There has been a prejudice aamst , the pr:acipies of the a?t, chiefly in the minds of title-exaniiners, anil aI?o in the E'.r.ds cf many coi:5er a:i'e lamtrs, who are so aocustome.l to old rr-ethcis hat they laacy no impro . er;:eatji caa be maue. One of the great benefits cf the sot ia ti.at it will t-Ue iatid in position for free use. Very ol't'in nowadays investments invest-ments in real eeta!1 are li.e invest-mentrs invest-mentrs in a T3veva:3 a place for the burying of tapiUil. That has been due to the unr.eye?ry restrictions placed upon the transfer of land titles. Under the land registration act, the title ia registered after full and complete, com-plete, notice has been given to ail persons per-sons who ran have any interest in the lar;d. This is a judicial procedure and gives a point of absolute certaiDty con-C'tDicg con-C'tDicg the title. Many Things May Arise. Under the old system it has been impossible im-possible ever to si:re that, the title to land is absolutely good asrainst all the world. In fact, there v.as no method meth-od known under the old law, unless it was that of adverse pot-session, that would enable a man to sav that he had unquestioned title to land. Even an equitable suit to quiet title, whih goes a3 far as any leffal proceedings pro-ceedings can go under the present law, only quiets title againit those persons who are actual parties to the suit, and when you once get the title quiet as . far as these parties are concerned, there (Continued on Page Seven.) IflSSIE TALKS OF NEW LID MEASURE (Continued (rom Page On ) t g i r cn nt la t c I n ow er to kee the title loa h s f,j n aj a nl t tills I ga of re o d I, ofroladlnasr t n a e af sed so that t h 1 h h ii lou I lo that t nat I e f e t Ih R e t 1 stinet o f he In d reg tton h that t lou s tho t tie und esta ishes galust the whole wo 1 I 1 I l tl Vrftute A 1 title it as o b en reg ate ed absol ely n t ik in affeot ho tit o oxeept whut s thereafter regist r d aai st the t tie At resent no ono au transfer t Hn 0 Ian I ex ept n deo I r w I o I des e t a d the Inst n en s fo t ans fer ro o ev lo es ol the t t p trans te ed ou are ot leal ng wi h tl t tie tsolf o n lor tie old syste 1 nsoq e e of tl s fa it is ne as sar xan lne all uv leneos any as he a so you ca not detor nine what t tie there s to pass This eroated the necessity for t tie exan ination in evar business trans action with laud It made o differ ence how n any ty oe tbe title was transferred or examined It must be re examined every tin o t was transferred This exam nation wo Id ha e to satisfy the purchaser Wh n land is res stered as pro Idel In the niforn a t, jou alviajs leal with the title itself e en transac tlon Off cial exa atlon of tie title is nder the juris I ct on of the court whl 1 takes care that uot ae is given to e er one I toreitod Ml persona are bo nd by tho final action of the court for tin i I proceeding in re 1 as the lawyers sav or against the th ng itself No Snap Judgment There is no sna j dgment taken by the ourt however Tho t tie" s tbor oughl) go e nto by tbe court Tbe a tlon of the co rt is desig ated to oon one all .art es interested and after a full bearing that is the end of tbo mat ter The result of the court a decrees em bodied ih a certlf cate of t tie always remaina in tbe clerk s office and a eoj v of the orig nal certificate of title s gi en to th owner of the land It e Tke a ledger acco nt n business All the deh ts and all the cred te appear on the sn ne page a i vou can strike a balance auy t me o know exactly where to look tl ere s onlv one place to go to as ertain the tn e condit on of land t tlea the court elerk a office Bo einile are the entree in the book that ou need no exports to tell ou what it all neans These certificates of t tie given to owners can be used 1 ke bonds are used now and form a uew aource of credit to owners of land The law stands be h nd the holders of tbe certificates. Th s s especially n portant In view of the recent act of ongress allowing nat al banks under certain conditions of tbe fe leral reserve act to lend mone on land The registration of t tlea neans that we ran get more use out of land There is much land in the United1 Mates and this h t wo Id make U m ch eas er to bu and sell land anertn borrow money on it when needed V r instance the farmers i arming is a recognized bns sees now real business- Like other business u en the fam er sometimes needs cap tal W th the land regiatra tioo act in operat on he can with h s cert fieate of t tie go to his banker and negot ate loas on a 1 antageoos terms. If ho waols td borrow money for th rt or sixt days the banker need not hesitate while tbe condition of the title ia looked nto There w none of that expense and, ielay The certificate f t tie s enough The law guarantees tbe title Has Been Slow Process Don t let aovone think that this thing can be done in a moment. It must be a slow process. It yiould be mposs ble to register all the titles in stantly And no man will seek to ha e his land t tlea registered until he be comes satiaf ed that t will pay him to do so That s one point about th s act that most people overlook It s not com pulsorv People need not have their t tic registere 1 unleas thev want the f rotect on that t gives clearing the itles and keeping them clear Since it is not con p usorv those who are op posed to the act sbo Id be w lhng to let those who belme n it have it We have not yet adopted it in V r ginia but we w U Virginia is con servative and the plan has been de feated in the leg slature but now the, farmers are clamor ng for t the bank ers want it and so do the real estate dealers |