The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-05


the right OF transfer and incumbrdnce.
and all rights subsequently accruins. shall
be determined in accordance with the rutes
now prescribed.
That the part Of the law making i
binding on all parties not before the court
as well as before it can not be upheld, as
a decree can bind only those before the
court But as to those not before the
court, after the LAPSE OF two years, as
hlw limitation giving them right OF ac-
ton. is valid.
The court sustains the local option part
OF the act as well as the part attacked
as special legislation, and the part relat-
ing 20 descent cast on death OF registered
owner and also the provision as to sale
and mortgage OF land belonging to minors
OF others under disability. The act was
held constitutional, Judge Magruier dis
senting.
/ And as to the working Of the Illinois
Z law say: The examiner of titles. Hon.
Theodore Sheldon Of Chicago under date
July II. 1900. IN letter 10 US says: "The
new method continues to give much salts
faction" He inclesed us the following in
answer 10 our inquiries requesting TO know
whether the Law was giving general sat
isfzction or not
AT the regular meeting OF the Chicago
real estate board February & 1900, the
following resolution was passed.
4 Resolved, That we approve OF the Tor
reus law as now in operation in this coun-
~. and direct the ToTens committee to
take. from time to time. without expense
- this board. all steps necessary 10 con-
serve the interests and secure the public
use OF the law: and be 1t further.
Resolved That Francis 3. Peabody and
John 5. Miller be added 10 the committee.
The Torrens land title law has been in
operation In Cook county H.. since Feb
-uary. 1899. During this period property
valued at over 81 600 has been regis
tered, On which are mortgage liens
amounting to upwards Of s1s0,00D.
"a title registered under the Torrena
system can be dealt with more safely,
! quickly and lnexpensiveiy than under the
! old system. The expense Of The first reg
istration, in most cases about s24. is not
} equal to the cost o. an abstract since thu
Chicago FIRE il there have been many
: transfers: ana the cost Of each subsequent
+ transfer under the Torrens system, SO, 4
much less than the expense nf a contiura
: ton Of abstract and examination OF title
/ When she title Is once registered,
i Fale or mortgage loan can generally b,
closed within a few hours.
3 III desired security bonds upon reg
I istsred titles under the T7rrens law ca
1 be obtained at a reasonable cost 81 an
time after the issuance OF the certificate
Sales and nOrtgsg thus quick
. closed, secure owners from the danger :
unnecessary delay in waiting for an ah
stract or its examination, or complication
o arising frem Illness, death or absence
= any party Interested.
. Owners OF registered titles are enable
10 ssil or mortgage their property witt
ont annoying delays or difficulties. It
! apparent that they appreciate the beneh
= Of this Law.
/ "The Torrers system was hrst intro
suced TO the Illinois legislature in 1S9
This Law has since been declared con
D siitutional and valid by the supreme cou
Of, Illinois.
We respectfully call the attention
4, ell property owners to this law rud 4
- advantages, and urge the registration
II cities, believing that the saving OF tim
<. and money, together with the securi
\. afforded by registered title, will be box
to all propeE&v owners.
n, The facility Of transfer and sateguart
= obtained through this law will add to Il
value Of ,he land.
q THE Law Is Of special value to small
property holders to whom the present sly
- TEN Is source OF never ending an
y. heavy expense.
IA. Registration blanks and general info
% nation regarding the Torrens law Ct
on De obtained at the office OF the registr
ed OF titles Of Cook county"
= There follows the signatures Of the To
le- rens committee of the Chicago Real i
set tate boardl
'on The following copy of letter is also a
ar tsched. Wig.
Louis g. Seeberger. Esq. chairman To
nj. reus Committee. Chicago Real Esta
,is Chicago. December Is, 1s9s.-Dear 81
us Mr. Sheldon. official examiner OF tin
er. under the Torens law. has asked me
,ct say something to you In regard to II
r. experience under the law, and my opini
of its practical working. which | q
oc glad To do.
"a Fortunately, the supreme court. aft
g. hearing arguments OF very able coun.
- upon an the material features of I
H. law, sustained It's constitutionaity,
~ ~ that the public mind is now at rest
80 10 validity Of the law.
The practical working OF the law
ore proved SO simple, expeditions and inc
sen pensive, that 1t is growing IN popu
favor, aud when the public shall ha
70 become quite familiar with the system
.,lue believe 1t will come into very extene
tnls use.
we My firm accepts the registrars CO
as tincate Of title without further guaran
hu- whenever offered in our mortgage loai
and are glad to get them. Yours truly,
not (sipned) Francis B. Peabody
in We refer to our former report as
ate the provisions OF the Illinois statute,
sted fere6 to above.
of ,TORRENs LAW IN MASSACHUSET1
OF Governor ". c. Russell of Massaci
tied, sets, February II, 1891, by a special M
and sage to the senate and house OF rep
cate sentatiyes ably setting forth the meI
OF the 'Torrens system" urged that
peo- law be enacted adopting the SAL
, OF changed to suit that State He said in
ions ALA. Il believe the present legislap
MIN can 20 far enough into this matter to
noes come satisfied tnat the proposed syst
' Of is both desirable and practicable.
;iers 10 take action looking 20 its adoption
fetal is evident, however, that before pro
rjpg bill can be drafted for its application
ma this commonwealth, the whole subj
evs. should receive the most careful and pal
tbat taking investigation, ample opportur
! !. should be offered for all persons inter'
49, ed, TO express their views. and 60 m
= ~ suggestions, and the machinery for cal
- Ing out the new system should be Oh
' 49,, oughly planned. II will alsl be fo
'so desirable no doubt to make some OF
changes in our present laws relating
land in connection with the adoption
I !. Son the new system Of transfer | recog
y " that IL is entirely impossible for G.
= ns mittee OF the legislature, bJisdened
ehs the duty OF hearing and reporting 4
'iiil many impnrfanf rnaf4Rre in q ltnttnd Nj