Wichita daily eagle. [volume] (Wichita, Kan.) 1884-1886, 1886-07-20
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TRANSFERRING OF REAL ESTATE.

TRANSFERRING OF REAL ESTATE.
Simplicity Of the Australian System-N0
Long Searches of Records.
The simplicity and ine1psnsiveress Of the
Australian system called the ''TorrensH
system, from Sir Robert Richard Torrens)
have been heretofore alluded to Theodore
Sheldon of this city has made study Of
the method practiced in that country and
presented the fruits of his study in q PAM
phlet. 1t is such an advance on our way Of
doing things that there is no probability of
its adoption here for many years, il ever !;
but it is worth des cribing, If only to Sow
what can be accomplished in that line and
what disadvantage We are lahoring under.
The government simply acts as a transfer
agent, guarantees the title to the purchaser,
and agrees to indemnify, from an assurance
fund, any person who may afterward be
found to have lost an equity.
The first registration OF piece of prop
erty is made in the following manner: The
deeds and other evidences of ownership to
the registrar, and for fee of 81 three ex-
aminers pass upon those evidences l: he
is not found to be the rightful owner the
matter is at once dismissed without further
cost If the title is accepted the applica-
ton is advertised and the names of persons
likely to be interested ara reported, as also
the names of persons owning or occupying
adjoining land II caveat is filed the &C
ton of the registrar is suspended till it Is
withdrawn or a decree is issued by court
But caveats lapse in three months unless
proceedings are begun under them
If no cavea: is filed within the time pre-
scribed by law, or a caveat is filed and then
withdrawn or set aside, an indefeasible title
is granted to the applicant. A certificate
is then issued, a copy of which is retained in
the Office OF the registrar. These certificates
describes the property, the nature of the
holders tenure, and other essential facts,
and space is LETT ON the certificate to show
subsequent transfers, mortgages, etc. When
q sale is made it is necessary My to take
up the certificate and Issue new one to tn ?
buyer In case certificate becomes incum-
bered with memoranda Of released mortga-
ges, tax liens that have been satisfied, etc,
the owner may obtain a new and clean GER
thcate at small cost 1t will be seen that
this system obviates the necessity of long
searches OF the record Each Ger tifcate
represents a certain unmistakabie thing
which can be bought and sod by the
transfer of that certificate.
"Under this system" to quote ". Shel-
don's words, lit should be no unEsIs: thing
for large interests to lie sold or ged
within an hour at a cost OF from 30"
Provision is also made for -. 'rnents,
trusts, etc, with the same oh .e,i OF SIM
plicity ia view. A transfer of p, o erty can
be made by persons outside the state with al
most as i.tie trouble as the transfer Of q
stock, IL. Certificate being sent to the office
of til re i>,rar for record in the new name.
The sy 81 III has been in operation in South
Austra!iA Tor over twenty five years and in
other -o.onies and countries long enough to
fully test its value. 1t was adopted last
year in Manitoba Chicago Tribune
Pen Picture of Jay Gould.
Let me tell you how Jay Gould looks as
he sits there undergoing the examination
He has just ties fed that he is 4. years Of
age, and he is sitting with a tired look on
his face answering the questions put to him.
He talks freely, and his tones are as soft as
those of a woman. There is nothing osten-
tatlous about him, and he seems to be more
on the persuasive than the aggressive order
His little form is dressed in well-cut bust
ucoo oulO, shh NC oAto oAiShOty III DlS
chair. One of his small white hands rests
upon the table and ne turns a pencil over
and over as the talk goes on l note that
his hand Is of good size, well filed out,
and very white and soft Still it trembles
with nervousness, and the whole man seems
to be bundle of skin, bone, brain and
nerve His other hand lies upon his knee,
and see that one of his legs is crossed over
the other and that he wears a buttoned shoe
with good broad sole. He gestures nerv-
ously as he talks Now and then he rubs
his hands together and now shakes his fin
gers at the examiners He smiles, too, and
his black eyes light up and he looks cordial
and friendly. l judge he has some sense
of humor, and know from the wrinkles in
his brow at times that his nature is fine
enough to feel almost any kind of a sensa-
ton
His face Is q curious one, but not on first
view striking. 1t is long, dark, and sallow
in complexion The forehead is not very
high nor broad, but it is well filled out and
the skin is drawn tightly over it just
above the forehead badness is beginning to
creep in, and through the thin black hair
you note that there is a decided rise as far
back as the crown, rise which goes up
like a plane and with no bumps
Mr.. Gould's hair is black, with here and
there a glimpse of silver. 1t is rather thick
at the sides and around the back of the
head, and he keeps it well cut His face is
covered with full beard of black whiskers
into which the gray is also creeping. These
whiskers are not long and are curly and
glossy. Gould's eyes are full of expression,
and they laugh and flash upon occasions
His nose is inclined to the Roman and the
nostrils are very large and sensitive His
ears are large, and he combs his hair behind
them. He was not at all forward in ex-,
animation to day and answered readily the
questions put to him He had a couple Of
detectives near him and his lawyer was at
his back to give him advice as occasion de-
manded He exhibited no fear and read the
denunciation of the strikers with display
Of some feeling.-Washington Cor. Cleve-
land Leader.
Prevention of Disastrous foundations.
When the first settlers Of Montreal built
their cabins at Hochelaga point the Indians
warned them that their dwellings would
some fine day be swamped by the deluge of
an ice gorge. That prediction has now
been verified, and its fulfillment is a danger
incidental to all ice-rivers flowing towards
Al. -, 49,