The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-09
CHAPTER ~.

CHNP T. w.
HOW THE TORRENS SYSTEM Az
FEcTs BANKERS AND REAL Es-
TATE AGENTS.
In this Chapter we will consider how
the Torrens System will affect Bankers
and Real Estate Agents.
FRIENDS OF THE COUNTRY PEO-
You may have heard some thriftless
or embittercd persons sometimes describe
the banker as a Money Shark and
the Real Estate Agent as a '.Lani
Shark but whenever such expressions
are used you have no difficulty in I'M
Outstanding what is the matter with the
speaker. You have never heard thrifty
or successful man. nor one actively en-
gagged in the up-building and develop
lnent of his community speak in that
way. You have never heard man
whose credit was good or who had real
estate of any value for sale, attempt
to dfscrcdt the men who furnish the
sinews of trade and promote the progress
of the country. YOU have never heard
n man trying to get a loan on honest
business principles call his banker a
Money Shark when seeking cash to
push his business; and you have never
heard one who was trying to sell good
title call his real estate agent a "Laal
Shark when he brought him purchaser
at fair price. But when a man has
worn out his credit, frittered away his
property and run his shoes down at
the heels, then he begins to denounce
those who are required by the law of
self-preservation TO insist upon strict
business principles in the conduct of their
business. Without these principles, how
long would the strongest bank in the
world retain it's integrity and continue
able to aid commerce and extend trade?
Banker. and Real Estate Agents are
among the best friends of the people
and never fail to help those who help
themselves. They have been the back
bone of every great enterprise in this
country. So far from depressing the
people and devastating the land, they
have always had sense enough to know
that their welfare is dependent upon the
general prosperity, and that honorable
principles and honest dealings are nee
essary to their very existence. They
would perish miserably like fish out CT
water, IL they were really Land Sharks
or Money Sharks No such creatures
can long exist outside of a diseased i'm
agination; and If you think you have
seen one. remember that even the ac-
tual appearance of one or more freaks
has never been taken seriously by SEN
sible men.
WORLDS REAL PROPERTY CON
GREss.
AT the great Worlds Fair at Chicago
In 1898 Real Property Congress as
sem,h ed, with distinguished delegates
from all parts of the world. In speak,
ing OF the Torrens System. which had
then been tried for many years In New
South Wales. DIR. Renwick. the execu-
tive commissioner, said: "From personal
experience, rs the owner of property,
and one who has had varied experience
with the old and the present systems OF
transfer OF land IN New South Wales,
] consider the Torrens act ono Of the
greatest boons conferred on the people
of our country Although at first the
OF the legal profession were
opposed to 1t, the general feeling of law
ycrs and conveyancers is now decidedly
and unanimously in favor of the pro-
visions of the Torrcns act" At the
same time. Mr.. j. H. Mason, president
OF the Canada Permanent loan and
Savings Company at Toronto. said: For
nearly forty years have been intimately
associated with an institution to supply
capital to owners of real estate. The
difficulties. vexatlons.s delays. expense