The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1871-11-03
COLUMBIAN DEMOCRAT BLOOMSBURY, COLUMBIA COU

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Secretary ascertain whether the borrow.
er has deed, and If so, let him bring
certificates of the mortgages and judg-
ments against him, If any, from the Re.
corder and Prothonotary of the proper
county. Such botchery has resulted in
many heavy losses to the Associations.
A person may have deed, or forty of
them. and yet have no title. II is often
necessary to trace the title, and also the
possession, back through successive
transfers, for twenty.onc, or thirty
years, and sometimes even back to the
Commonwealth. Again, person may
have good title, without judgment
or mortgage against him, and yet his
land be covered with liens to the extent
Of its value. To illustrate this, the fol-
lowing few instances arc selected:
The question whether Judgment
against prior owner is lien against
the land of a purchaser, although il has
not been revived as against the pur-
chaser, often depends upon whether the
purchaser has taken actual possession of
the land by occupancy, or not. Again,
ii often depends upon whether the pur-
chaser has placed his deed on record or
not, and at what timo. If purchasers
be not served with the Scire .fdcids to
revive, judgments nre not revived as
against their lands. Bat the five years
Limitation only runs in their favor,
from the time of putting their deeds on
| record; and the search mus be cOntin-
ued against the prior owner until the
time of such recording, and sometimes
for five years thereafter. Act of 10Th
April, 1919.
An executor may sell the real estate
ofa decedent under the power contained
in the will to sell and make deeds, this
not being a judicial sale. does not divcst
the liens of judgments and mortgages
entered in the lifetime of the testator.
4 g. AZ.
| Ifany judicial sale be made subject to
one lien, all others prior are undis-
charged, and must be searched for as
remotely as circumstances may make
necessary. w. 3lG; 10 st. r.. 1l3.
There may be many liens against the
present or prior owners of the title
other than judgments or mortgages.
There may be ejectment suits, debts
and judgments against decedents, taxes,
municipal claims and mechanics liens,
and if the title has undergone devise
or partition there may be charges of
legacies, omelty in partition, recogni-
zances, &c.
PREMIUMS AND ADVANCE PAYMENTS.
All Associations are composed of two
classes of members, one who take shares
as depositors, without the intention of
borrowing, using it as a savings institu.
tion; they furnish the capital "to keep
the mill going.' The other class are
the borrowers, who may be considered
"the working bees of the hive" for
without them, capital would be of little
avail. If the former predominant, it is
not profitable, as there would not be
the proper competition for the money.
Should the latter prevail, there will be
a healthy demand for the funds, which,
commanding good premiums, makes it
profitable for all. The two, therefore,
properly proportioned, working in har-
mony, form strong phalanx for good.
Among the good influences exerted
by these Associations on the community,
is the encouragement they give to indus
try, economy, and temperate habits.
Those who advance to the Secretary's
desk, from month to month, and year
after year, paying down their regular
instalments of dues, have other ends in
view than the mere qualification of a
passing appetite. They learn in this
way to realize that time is money, and
that in the saving of both comes indie.
pendence. Some have to labor to meet
their dues, who otherwise were idle and
thriftless, and it is good for them that
they should. For what is labor but an
other name for activity, which again is
almost one thing with life itself? And
the state of civilization can fairly be
said to be reached for only those who
can stand securely on the result of past
labor, and from this position labor on,
spiritedly and cnergetically, but self
possessed and untortured by anxiety
for coming years.
Z. II. LITTLE.
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