, 1875-05-16
soEe Interesting Disclosures About
Iowa Land Titles.
Ghe Sales Of the Week Few
and Unimportant. ~
The Bats Of Interest On Mortgages
Settling to Nine Per Cent.
Protest Of a Hyde Parker Against South
Park Management.
Ths Source Of Title to Propsrty.
IOWA LANDS.

4 woED TO TEE WISE E
T. real estate operator in this city recently
entered into negotiation for tbs exchange OF
some Of his property in Cook County for about
1.5o0 acres Of land in Dickinson County, Iowa.
An abstract OF title to the Iowa property vaa
furnished, commencing With the tito in the
county, but not showing how the county &C.
qairod ounership. From thereon down everything
seemed to be properly shown and regular. Tbs
persoa making the exchange Vas ascartainad to
be qpita wealthy, &nd the Chicago party, phile
not fully satisfied, or At least wondering why tbs
abstract should simply commence with tbs hts
in tie county, still being 4atisfed with tha
Erantor'a responsibility, decided to accept .
deed. When ths decd VIZ rendered, however,
it proved to be special warranty. Tho Chicago
party then positively declined to complete tho
negotiation without fully saIiafying himself that
tho chain Was perfect from ths United Statea
oEtent to ths alleged owner, md therefore wrota
% Responsible attorneys to make thorough
search and report Tia following is sn extract
from their lett.r covering the point in question:
=. '.Eefuse Ill lands coming from Dickinson
County thu: csnnot be traced through her to tha
Cnited St=.es- Dickinson County, in 4u early
day, expecting to get ti:le to large quantity Of
swec17 lands IN her limits decided by quit claim
an her tightz and title iu expectancy to these
lands to one John II. pre5tcots and oth0rB. The
evEmr-land selections were not approved by
Government and the county consequently got
no tile To settle tho question beyond a douhs
the county has recently had these transfers ali
set aelde."
Accompanying thia letter uas = lis. giving the
names o; tho actual owners Of the property, |
none OF Which. correspondent with thosa fur |
nishsd in tho abstract. OF course, there Was |
nothing to do but to cease fur!ner negotiations.
The object Of this ets:e1ncnt ia not to convey |
tao iunnreesion that the alleged ewner Of the |
Iowa piopstty -willfal1y intended to convey land
which did not belong to him, for he possibly |
thought that his title VAS good one, but it it to
call attention to tho necessity tia. exists |
for parties contemplating tbe purchase OF |
Iowa lands TO have in every instance |
most thorough search Instituted from tho !
Government to tbs proposed g1antor. !
Eo do ncs understanG thot the County
OF Dickinson is this only one in which zach cir
cuue+ances are likely to Occur. but thas tho
ftcnmp-idnd FILES, 60 called. hang oTer soEne OF !
the choicest property in the Stats, aud while 10
much lows land is bsng offered for sale or sx~
change for Chicago property or We daen it prop
cr to submit Tbs above facts for tie guidance |
md consideration OF our renders. Ono Of tho |
eo1b. features Of this csse is tho evident con- !
nirance OF the County Recorder In gir1nS such
abstracts without the adverse titles. This Eakes
the deception much more possible, for most Per-
ROLE would TAXA Gttls from county, AZ ne
in Chicago rake an abstract showing title in C2-
aA Trustees without desiring to go back Of it.