The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-02-20

patf of the home seeker by the arl-
4 tiuuated, complicated, slow, uncertain
uiiG costly proceedings REQUIRED for the
transfer Of lands. The result is that Gaps
ltni invested III real estate ls not only
sluggish, but practically buriod III many
instnnces. You feel this, and hence yott
hesitate about putting your money III
realty, and Until YOU faccumulate large
means YOU do not dare to buy your own
home. Is IL rot u fact that many n l.isl.-.
( ness man would ouy a home for his fam
lily II lie felt lie world ROT sbe Withdraw
Ing that amount Of capital from his btlst-
ness absolutely? The Torrens systeri,,
wilt relieve sou from this anxiety. j
Is a fact that capital invested In land
Under our present laws Is moro or less
absolutely withdrawn from business; and
sit Is fdct thnt capital so invested tih-
der@the Torrens system Will not be so
withdrawn. 1fiyou lnvo any doubt about
the latter proposition, you have only
TO consult tho experience Of business
men In those countries IN which tho
Torrcns system has been tried and ,,s
4 In active operation. Tor instance. the
statistics from Queensland. where out Of
thirteen million acres all but 1866 acres
had been. brought under its Torrcns act
n 1890, show TINT more than Al pr" cent.
or ali mortgages were for sums not cx-
ceedlng $500, and that more than % per
cent were for sums ranging from $eO
TO s1,25o. :! II YOU wish evidence from
scmc countries nearer home you can
consult tho records In Illinois and Mas
sachusetts. In Cook county, Illinois.
moro than SIS, 900 worth Of property
{lnd been registered last March. This
embraced 10000 tracts chiefly OF small.
values. In Massachusetts more than Vs.
10000 worth Of lands hnvo been regis
tered, and there have been frequent
otnp ~ y,rnY,
registered. We can show YOU g Mas
suchusetts certificate involving two lots
Upon which seven transactions are reg
istered between February Is, 1901 and
June 49,, 1901. Ono Of these transactions
was a mortgage Of So, 900 for four months,
another Il mortgage of $4,000 for four
months. Then one lot was sold; the
first mortgages were released, and two
other mortgages were made upon the
remaining lot, one Of 5000 for six
months and finally one Of $500 for five
years. Who ever thinks OF making a
loan for three sor four months on real
estate In Virginia? YOU emit do It
under our present laws on account OF de-
lays and costs to be encountered But
tho facts mentioned above demonstrate
how freely registered land may BIO used
ns a source OF commercial credit under.
the Torrens system, and prove that no
business man need have apprehension
about gripping his business by buying
homo wherever the Torrens system
may prevail.
TIIE BUSINESS OF BUSINESS MEN.
You may wish to know, however,
whether the active prosecution of your
business Is affected in any other way
by the land laws Do you have to credit
your customers? If so you will GER
tainly DO benefited by any law that
will enable them to give YOU good Sc
curity, from tho credit system. They
rarely require security because their pa
irons are unable to furnish it readily.
No man gives a deed Of trust now unless
4 he is hard pushed and it is usually
q sign or financial weakness. II q man
pledges his stocks and bonds, no snoui-
ders are shrugged, no eyebrows are lift
ed. There arc no evils squints and no
predictions of impending failure. 1t is
regarded as an ordinary business trnnsac-
ton, and excites no special comment But
let man give n deed OF trust, and the
dome OF heaven becomes whispering
gallery. Disastrous rumors I'LL the air,
and often shake every foundation or
credit until ruin stares him In the face.
Nothing like this would happen 1t real
estate were freed from its shackles and
released from tho dungeon dug by Fed
eral law. When men deal freely with
their lands. as they do under the Tor
rens system, such transactions cause
no surprise. and afford no ground for
reports Of bankruptcy Therefore. mer-a
chants will not hesitate ITO ask for Sc
curity,. and their customers Will not 20
afraid to give 1t.
You frequently trust a customer be-.
cause he is the reputed owner OF real es-
tate. Ills title may be worthless, and
neither he nor you may know At. Or
he may have parted with his title, and
YOU may not know 1t; or there may be
judgments against 1t, and you may not
knw It. TO find out these things you
would have to employ lawyer. and even
after the lawyer had examined tho re-
cords he could not tell you certainly.
because many things that affect tue are
not required to be recorded under our
present laws. All this Will be ditierehS
under the Torrens system VIII De
simply impossible for any man 70 ae,
ceIve you, and you can for yourself zen
all about his title by examining his Ger.
tlucate-a thing that can be done ~ =,
few minutes. For nothing can AFFECT me =.
title except what is registered upon the
certificate, and you need never give cr 'ee
Il unless credit is deserved,