Gunnison news-champion., 1903-08-21
AssAIssAssx o shx Nv Lad
Tax La~-
u - - q -

nl.ilns -. The clsuufy n-.sif hccalic-
gH rc.llty shc Gu-urcr a she slric
fhc value - ai.s .lnd Is enhanced rs
us.aking q usare agaIl.aEilr ~ an In
re-fmeuf. d mas b. -s,id er mari
gagged m the same IS takcs g. make
pai q d,ssd - b. the c1uri hs,g-e,
hle 81. Surrender th. certificate and
autaiu . neW aur
d b. register shaWs right m fhs
face 90 u aud everybody can II
glance -ee the eNac eanaltis,n ai the
tItlc ft any piesao ~ rcal estate thai
Is. vha actually owns che properly
and Just What hcns ar ncunbrances
8 aHv. Those are au u
Jusi what tulc may be registered
and what cauu.f b. registered de-
ponds upon many circumstances.
aHd a iitle thai BE- bad. aud canuo
b. readily made gYd or a title de-
rived thrlBgh taS s.ilc under a p.,s
session oi ie-s than seven wears If
occupied. r eiglH wears 81 m.nrg-
piej eannai De- registered Isini
tenants and tenants m common can
uaf Register unless an idn iu the
apTllcal9a
u upon tho hearing before she .i,-
tric court the applicant Is found to
have title pr1per iar registration.
the court enters decree uf CON
urmalon af tltic and orders its reg
istratiun. That decree ct tha court
is binding upon all thc world, those
who are served aai those who are
not
ANY one az 10 familiar with real
estate transactions can. bv laikiug at
ths register tell the a1nliu1u II the
little without Obtaining the opinion
of m attorney. The op,r ration of
thi, law will necessarily deprive at-
tmuey- of some little bu-.ucss Bu
in the examination sd title t0 real
property, d au attorney performs his
duty, hc rcSume- mare responsible
NY aud does more WORK iur less u
than iu amy other class lf business
that comes into general p8ctition-
er.s office aud the writer confidently
believes tlu gl prr cent al Che bar
of the state will make ua objection
whatever Co being gradually relieved
If chat business. especially 10 the
new law proves o. BE- anything like
as beneficial to the general public iu
lis operation iu Jhe stale a., ID has
proven o. he elsewhere
The original cost Of registering is
not much more than the c,st ol
having AN ab-trat extended and
examined while the cost uf transit
ring or mortgagiug. after the regis
traiion is once made. is a nominal
sum. The -v-icn OF dealing iu real
estate m this country has practically
made nu advancement during the
la9t me hundred years. ID is out or
date We arc accommodating thou
sands of volumes of records. aud
among an this mass ul material.
there is uo such thing as title
under the present law. lt is "a yasl
accumulation of evidence Of title. but
not title ITSELF N1oue ever actually
knows who owns any piece Of pro-
perty. Without expensive iitiga-
tom the nearest we ever come to q
title II the opinion Of some attorney
as to whether ur NOT such evidence
indicates "a good title. and the law
Yer : opinion is practically the pur-
. ci aSerS sole guaranty. The alb
stract must be extended and tins
ever lcuEthcaiug list Of dees and
record of title papers must lc re-eX
amIned by another attorney and his
opinion paid for with every transfer.
Our present system is expensive
and mcurs great delay and insecur-
Ity with dealing with real estate.
While under the Torreus system the
expense Is nominal, the title is abso-
lutte and dealings If all kinds are
greatly facilitated Eventually the
law will operate To dispense with the
necessity of all abstracts of title and
all title guarantee companies.
But a. every initial registration
requires a complete abstract, and the
law will come INTO use very slowly
and gradually, being purely volun-
tary and optional with the people. it
will be many years before the alb
stracters will experience any per
ceptible diminutim in their bust
ness by reason Of this law.
The subject If what the courts
should or will do under this law
with bitches and water rights. pre-
seuts rather a novel question. But
that, like many other important
questions that it might not be inap-
proVriate for the writer 10 offer some