The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-09
THE TORRENS SYSTEM
AND SOME OF ITS RESULTS

and uncertainties attending the old
method of transfer have made dcep
Impression on me. For a long tiplc
was led to believe that there was some
thing Inherent III land which prevented
1T from being dealt with like other kinds
of property, and that, like taxes and
death, the evil was inevitable and must
be endured" But lie added that, not
withstandng much opposition. the Tor
rens System was adopted by the Legis-
ture Of Toronto in 1884, and is now
universally admitted to be a great i'm
provement on the old system" People
would as soon think OF giving 1t up
and going back To the old SYSTEM" said
he. as of replacing the electric lights
with tallow candles"
VIRGINIA BANKERS ASSOCIATION.
1t was shown beffhe the Tenth Annual
Convention of the Virginia Bankers As
ISOLATION, in June, 1903. that If our titles
We're certain and trustworthy, and could
be certainly and quickly transferred at
reasonable costs, our real estate would
be ample and available security for all
the banking capital and bank deposits
In the whole State of Virginia. We say
ample, because the assessed values of
buildings alone. as shown by the Audi
tors report for 1902 was one hundred
and thirty-eight millions of dollars.
which the report for 1904 showns to have
been increased to nearly one hundred
and forty-eight millions, while the total
assets OF all our banks are now only
about one hundred and twenty-five mil
lions; and we say available. because
these buildings are productive form
of property, and would yield fair return
upon their assessed values. Recognize
t,N.r tI,A. 70.
the following resolution:
Resolved, That the adoption of the
Torrens System of Land Registration
would, in our opinion, promote the de-
velopment OF the State, and confer ma
tcrial benefits upon all our citizens; and
we respectfully urge that the General As
sembly Of Virginia speedily exercise the
special powers conferred upon it for this
purpose by section 100 OF tile Constitt-
ton
WHAT MIR. JOSEPH BRYAN. SAYS.
This may remind you of What Mr..
Joseph Bryan said in an interview pub
lished in Tho Times Dispatch on March
4. 1909 when a number of prominent
citizens gave expression to their views.
Mr.. Bryan was confident the Torrens
System was one of the best moves ever
inaugurated for the business interests
of the State, and remarked: MY dear
sir, the present method of the transfer
of real estate Is one hundred years be-
hind the times. Compared with the Tor
rens System. 1t is like an ox-cart beside
n modern locomotives"
VIRGINIA REAL. ESTATE AsSOCIA-
TION.
1t must be admitted that real estate
men ought to know what will help lands.
1t is their business to sell and rent them,
and they come in daily and intimate con-
tact with owners and prospective pur-
chasers of all sorts. Whatever helps
lands will help them. Whatever helps
the owners of lands will help them. They
know that good titles, and quick, cheap
and easy transfers are Of fundamental
importance. Therefore at their first con-
vention in December, 1908, they passed
the. following resolutions
.Being profoundly impressed by the
need for reformation In our land laws,
and believing that the Torrens System
Of Land Registration will add to the
value of lands and promote the develop
ment of the whole Commonwealth, we
respectfully urge tho Legislature to pass
the pending bill on this subject. And
further that each and every member
write or see his Senator and Represent
tative, and urge the passage of this BILL