The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-03-04
ALL. RAISE. ]. !. !. /;
IT WARMLY.
Prominent Men Endorse the
Torrens System.
COURT CLERKS WANT. 1T
sMessrs. SaviIle Of Richmond, WaddlIi Of
&8 Aenrico, Duyal Of Manchester Like
the System Greatly ~ Messrs.
Scott Bryan and Rose for IT..

t5as d !
rho Torrcns System OF Land Rcgistrn-
ton Is meeting With unqunli fled approval
4 on tho part OF nll who have Investigated
ut.
The first person Is yet to be found who
1,ns looked into tho operation Of The
system whois not pleased with It and Is
4 not assured that It posscsseH immense nd-
yantagcs over tho present method.
Yesterday a nunbcrsof we'll known resi-
dents Of Richmond and vicinity were ask
& cd for an expression on the ;rorrcns sys-
tenn. I'hc opinion OF these gentlemen
4 were not known when asked, the effort
being to find out what business mcll
were thinking OF It; whether or not they
Il believed It had sufficient advantages over
the present to warrant its adoption In tho
State. Therefore the interviewer sought
out those whose business experience In
ciuded many transfers of real estate or
{, those whose everyday business It was to
i attend to such matters, such as real eS-
tate men and clerks OF courts.
It is q notable fact that strong en-
doraernents come from Clerks sayile Of
tho Richmond Chanccry Court, SVaddill,
OF the Henrico County Court and Duyal!
OF the Manchester Hastings Court. and
that President Rose. OF the Real Estate
!, Association, is most fayorably Impress
ed with 1t. SO far as no had opportunity
TO inform himself concerning it. Other
prominent men are equally enthusiastic.
y Their own words speak for them:
MIR. Sam p. Waddlll.
NY information as to the Torrens"
y System, leads mo to believe that II adopt
9 cd In Virginia It would be OF 1ncalculable
q benefit to the owners OF real estate. In
the adjudicationt OF the title In the first
s Ance tho safeguards adopted In the
y Eatc OF Massachusetts should be pro-
Il vided here. The system cannot DO made
Compulsory but the advantages gained
by those adopting 1t would soon be man
Is fest SO 1t would grow year by year I'm !
til 1T would ultimately become OF almost
e universal q pplication. 55j
4 II The inability to use real estate. especial
ly2in the country. az source OF credit
81 causes the owner to become indifferent
togdefects In his title, and as time goes
II By the difficulty Of relieving these en-
q Disbursements becomes greater, and final
ls$ ~ I'm expensive litigation must DO Incur
rcd to remedy the objections. Under the
& Torrens System the title to be available
must be at all times clear .,s
1t Is the experience OF every real estate
81 agent that the tito to real estate often
5 becomes so clouded that It takes weeks
and months to clear the enoumbrances.
81 " "a purchaser has been secured in adj
4 vance he, oftentimes. Is not willing 10
& wait for these proceedings to be perfect
# ed, and moreover become suspicious OF
such n title, and withdrnws his offer for.
the property. An activity In real estate,
b that has remained dormant 80 long,
would be awakened. and 1t would be-
como a live asset instead OF being so
\ much dead capital with the ever recurring
B burden Of taxation.
MIL MIR. Fred. w. Scott,
Mr., Fred w, Scott. banker and broker,
yce-presldent OF tho Richmond Stock FIX
II change was asked yesterday what he
4 thought OF the Torrens system, and re-
piled in enthusiastic praise OF It. Mr..
Scott said at the outset that he had been
4 studying tho system for some days past
q and was convinced that It was great
step in the line OF progress. FIc cont eud-
ed that the Dresent system vas behir>>
3 tho times. confusing and a source of al
most lnterminable annoyance to persons
buying property, He gave a most apt
illustration. Some while ago. he bought
n piece OF property. He employed two
lawyers to see that he got q c!Sar title
to It. They we're two months at5lt; and
he was convinced that had the Torrens
system been In operation the transaction!
would have been over In a week or less.
Mr.. Scott seemed to BIO unable to say too
much for It. He believed that the time
was ripe for It's adoption, and then he
went on to tell how easily and simply 1t
would operate. taking the transfer OF
stocks as an Illustration. Mr.. Scott has
bought considerable property recently and
probably owns the most valuable vacant
residence property in the city, the lot nd
Z joining the Franklin Street residence OF
the late Major Ginter. Therefore, his
acquaintance with the old system Is sutt-s
Client to make him sick and tired Of It.
sss Mr.. Joseph Bryan.
Mr.. Joseph Bryan was. also asked for
his opinion as to the efficiency and ad-
ivantages OF the Torrens system.
He replied: my Dear slr.-The pres
ont method Of the transfer Of real estate
rs one hundred years behind the times.
Compared with the Torrens system, 1t Is
like an OK cart beside a modern locomo-
tive" 81 II
Mr., Bryan was confident 1t was one OF
II tho best moves ever Inaugural ted for the
business nterest OF the State.
1T Will Increase tho business OF real
E estate men a hundred fold say that for
d me, continued fhe with enthusiasm.
People. dislike to buy property, the
means Of transfer Is SO cumbersome, 1t
Y takes SO long and costs so much. There
Is hardly any end to it,"
Mr., Bryan has been an advocate OF the
4 ToTrens system for a number OF years.
fie would like very much to see It adopt
/ cd, believing its operation to be OF great
advantage to the State, sSlIS
President E, S, Rose.
Mr.. p. s, Rose president OF the Rich
mond Real Estate Association. was found
almost in tho act of studying the Tor
rens system II am not quite in a no
sltion to tell you positively what I think
of the system" sail he. ST have been
studying 1t at odd times for several days,
and what j have learned of its operation
T an, greatly pleased With. It has not
single disadvantage SO far as I am