The San Francisco call., 1896-03-02

highly commended is the exception made in
! iavor OF the owner of the piece of property as
| opposed 10 the holder of tax certificate or
| tax deed. As first proposed before the Legisla-
| lure no objection was made regarding tax
utles. Complaint was made as to this anu the
| Dill was changed. AS the law was enacted 1t
| provides no title derived through tax sale,
| or sale for special assessment shall be enti-
tied to be first registered unless the apph-
| cant can prove to the Registrar that he has
| been IN undisputed possession of the property
| for at least ten years and that he has paid all
| taxes and assessments for seven years in sue
| cession.
The cost of registering land is materially re-
| duced to the big owner by provision OF the
law which stipulates hat one application may
| cover all property in any one county.
In the event OF the giving OF mortgage,
| lease or contract affecting title to the prop
| erty, or the selling of an undivided interest IN
| the property, this fact Is noted upon the Reg-
| iStrar's book, and is also noted upon the GER
| tifcate in the possession of the owner. Dupli-
| cate certificates may be obtained where one
| is lost.
The fees which the Registrar is allowed to
charge are as follows; For filing application
for first certificate, $15, except where the title
is derived from more than one source, in
which case an additional So for each source
| may be charged for granting certificate OF
title and registering the same, 81; tor register
| ing each transfer. Including all instruments
connected Herewith, and the issue and regis
tration of the new certificate OF title, $3.
! One OF the important features OF the TorrenS
| system OF land registration as provided in the
| law passed by the Illinois Legislature is the
building up OF guarantee fund. On each ap-
| plicatiO made for registering land titles the
Registrar makes an assessment OF one-tenth of
]. per cent upon the valuation OF the property.
This money is paid into the County Treasury.
| Opposition to the bill was strong on the part
OF attorneys in Chicago at the time the bill was
pending before the Legislature and after its
passage For the most part. however, those
who have looked into the system have ex-
pressed themselves strongly in its favor. Mem
bers OF the Real Estate Board were a unit in
fayor OF its adoption.
The Torrens system of registering land titles
has been in use liz Australia for more than
forty years and i'll Holland and other CONT
mental Europe countries for more than two
centuries. Wherever it has been in operation
II has proven successful though there are
some who believe change from the old svs-
tenn VIII prove extremely difficult. A mod
lhcatlon OF the system has deem embodied in a
bill which is now before the New York Legisla-
ture. So far Cook County is the only county
in the United States where the Torrens system
OF land registration is in operation.
AUCTIONS.
Several interesting offerings OF real estate at
pubhc Yendue are already announced for the
near future o. T. Won Rhein ds Co. will offer
on Thursday, March 5, Richmond property
consisting OF two blocks located between Glenn
ent street and Point Lobos avenue, and extend
ing from FOrty-third to Forty-fifth avenue
known as Outside Land blocks 224 and 225
The sale is by order of Mayor Sutro and the
terms are one-fourth cash. The two blocks
contain % lots, most OF which are 25x120.
The lots fronting on Point Lobos avenue range
from 25x96:9 TO 25x117:7 with corners 32:7x
80 IL feet, ,32:7x97 y feet and 80 :7x11O:7 feet
Thomas Magee & Sons will hold on auction
on Saturday next of the property at the south
west corner OF Geary and Larkin streets, 120
feet square and backed by g rear street, 35 feet
VIDE. The lot is covered with frame buildings
On March Shainwald, Baekbee & Co. will
offer at public sale sixtyfve shares OF stock of
the Skaglt Cumberland Coal Company the
property of the estate of Patrick Mackay On
March II they will sell Twenty-Five ffty-foot
lots in the Morgenthau Tract, bounded by
| Twenty-frSt, TWenty-Second and Hampshire
streets and Potrero avenue. The title OF this
property Is guaranteed by the California Title
Insurance and Trust Company, and certlf-
cate OF search will be furnished the purchasers
| for so lot
Center d Spader have a catalogue out for
! their auction on Tuesday, March 10. This sale
tail business. dwellings and manufacturing
| sites. The lots are offered on easy terms ana
| the titles are guaranteed.
MISCELLANEOUS NOTES.
! Mrs. Ellen FOlger is going to erect four
! story brick building, to cost about S35 .0OO on
| the lot on Davis street. near California re-
Gently bought by her. Contracts for excavat-
ing and piling have already been let.
Plans are in preparation for building TO be
| erected on the site OF the old American Ex-
change Hotel. Bids are now being taken for
the removal OF the hotel building, and will be
closed IN a few days. The new building Will
have foundation of piling, a steel frame, lower
story OF stone and upper OF brick and terra
Gotta.
El Cerrito Park, near San Mateo, has been
subdivided g second time, and the new tract
viii be placed on the market in March.
richmond property is rapidly improving
under an increased demand COR homes and
home sites in that district. Three months ago
Baldwin & Hammond placed on the market
the Hinkel block, fronting on Clement, Point
Lobos and Twenty-hfth avenues. In the short
time intervening all but twelve lots have been
sold. This firm has just placed on the market
to be sold In subdivisions and on easy monthly
installments the block bounded by Eleventh
and Twelfth avenues, California and Lake
streets.
William ]. Dingee of Oakland, viii hold an
auction OF residence property in Oakland, Ala
media and East Oakland, at his salesrooms on
Saturday, March z, at O'Clock P NJ.
The Joseph A. Leonard Company Of Alameda
| have let the contracts for fourteen new resi-
dences.
SALES REPORTED.
Some of the recent sales made by Viii f.
Fisher S Co. are as follows Three lots, 25x
40 each, at Second avenue and California
| street, 1925 each; lot 25x120 On the east line
OF Fourth avenue, 175 feet south of Clement
street. $1125: lot 25X120 on east line of Fifth
| avenue, 800 north OF Point Lobos avenue
| S1100; lot 30x75 on north line of Clement
| street, SO west OF Eleventh avenue, $3.50; lot
! 30Xi00 on south line of Clement street 80 east
| of Eleventh avenue, $1050; lot 25x12O on
| east line of Twenty-second avenue, 275 north
| OF Clement street, $500; lot 50x1O6 :3 on east
| line OF Ashburv street, 116 north of Frederick,
| $500; lot 25X120 on west line of Nineteenth
! avenue, 275 north of street, $500; lot 25x
| 100 on south line of Clement street, 81 6 west
| line OF Grove street 46 10 east of Lyon, 1880
| lot 25x122:6 on west line of Folsom street. 100
south of Twenty-fourth, S2170.
Sol GetZ IL Brother report the following sales
| this week: Lot, 25x120, east line of Tenth
avenue, 300 feet south of K street, for $780,
lot, 25X120. east line of Tenth avenue. 100 feet
| south of L street, for $3.50; lot, 5Ox120. west
line of Ninth avenue, 100 feet south of X
street, for $500; lot, 25x91:3 north line of
California street, 135 g west of First avenue
for 1925 lot, 25x120, east line of Seventeenth
! avenue, 53:1l north OF Clement street, for
5000; lot, 25x120 east line of Twentieth
avenue, $50 feet south of Point Lobos avenue,
Tor $500; lot, 50x120 west line OF Forty-second
avenue, 100 feet south of street, for 5000
The report OF sales by A. NJ. Speck & Co., COZ
Market street, since January l, 1896, is as fol-
lows: $4,000, lot 27 22s feet by 81 IS feet, on
south line OF Ellis street, between Leavenworth
and hyde, with four-story frame improve
ments, 593 Ellis; $500, lot 25xS7 6 feet, on
east line of Hyde street, with frame dwelling
of ten rooms and bath, 612 Hyde; $500 lot
25x122 IS feet, on west line of Shotwel street,
between Twenty-fourth and Twenty fifth, and
Improvements of two flats, 1924 and 1024%
Shotwell; $500, lot "a :41ax137:6, on south
line of Jackson street, between Leavenworth
and Hyde, with frame dwelling of ten rooms,
1921 Jackson; $4,000, lot 25x1I4 feet, on
south line OF Eighteenth street, between Church
and Sanchez streets, and two flats, No. 727
Eighteenth street; $2450, lot 25x100 feet on
west line of EliZabeth street hetweeu Castro