New-York tribune., 1907-08-25
LIKE TORRENS SYSTEM.
so URGE NEW METHODS.
State Realty Brokers Also FAVOR
Other Changes.

A. tho meeting of the Real Estate Association
Of this state, held last Tuesday at syracuse II
wss unanimously decided to organize local pohroS
.. hrousrs and fexpayers' associations in large
towns and cities of the state which would CO.
operate with the executive committee or the hS'o
citation Land Title Registration was the SUI
ject Of an address by A N Gitterman' represene 1
ing the New York Real Estate Board OF hFohei'-
He erntainea the workings of the Torrens system
here and abroad TO the delegates. He SAID III pai
.'The Board of Brokers of the City OF Ne" ioh n
heartily indorse the measure now betore Iiio
ernor asking for the appointment of commission
+o consider the expediency OF adopting fne system
of land title registration. We do not Insist ON INC
adontion Of the present Torrens system, ont We
heartily recommend a modification whlcn "ouin
enable a vendor of real estate to close MS trains
action with greater ease and rapicity IMAM ui'oei
the present cumbersome methods the present
oon,ny ond rasasrcbing of titles, Issue and reis-
sue Of title policies have become a heavy ourueiI
to the purchaser OF all realty in this state ohoi
a simpler method be adopted a larger huhipei u
people would invest in realty knowing IheH
curitv IN he absolutely of the best and its Venoa
bility assured at short notice" He further reoo,n
roanded tbe formation OF congress OF realty IN
terests which J. Clarence Davies. the president Vi
the association. also referred to In MS anu,
The recommendation was unanimously aoop'e"'
7 Clarence Davies said in his address. N part
as follows: ..
FIRST every EFFORT should be made to make
realty a quicker or liquid asset than 1t IL al
present The quicker one can sell or borro" on
security the more market value 1t has. and the
more staple that value is IL realty could Dc soi
o ,sad as collateral as readily city. county or
rarroad bonds IL would be quite az favoraoie
fcrr, of Investment. While this Ia prtcticaiiy I'M
possible at the present time. much can be done
TO make II a quicker asset than 1t Is
..I would suggest some systematized method OF
obtaining this market value. This could no done
nv means Of local associations in every city town
or county in the state. such an association 10 oe
composed of property owners ana representative
dealers and each association 10 have an appraise-
mont committee from which committee con-
ssrvative appraisal could Re had for nominal Zee
very much along the same lines as In New YORK
City where certified appraisement can De ootaiheo
from the Board of Brokers' should any one desire
TO make absolutely sure OF the value or piece
OF New York realty.
''O1lr state should do It's utmost TO encourage
the ownership OF land among the masses OF people
Nothing so much tends toward making good. patr-
otic law-abiding citizens as those who have prop
ertv interests which the state Is bound to protect
Whether this can best be done by exemption from
taxation of real estate below certain assessed
vaIue or perhaps when considers the enor-
nous foreign immigration and the low order OF
intelligence among the vast number OF our newly
made citizens, together with the constant atten-
ton directed to socialistc theories by our news
papers and magazines. now may be the opportune
time for discussing the question that man must
be an OF real estate as a condition Tor ex-
ercisng the rights OF citizenship and the holding
Of public Office Problems of transit facilities and
good roads and cost of transportation are ques-
tions vtally affecting the value of real estate and
should receive the greatest consideration from the
realty interests In every part Of the state.
Our state government should use due diligence
in protecting our forests waterways and agri-
cultural interests they ali matters which
make for or against the value of land. no matter
where situated.
Realty interests should take much greater in
terest in legislation Our laws made
mostly by members of the legal profession, VINO
as class perhaps the smallest holders or real
estate and therefore least able to frame laws to
protect the real estate owner
LAS before suggested, associations OF property
owners should be formed in every city, county or
township Delegates could be sent to periodical
meetings to combine the realty interests of the
state and perhaps this association might be made
the nucleus of such central body.
THE real estate brokers and agents should be pro-
tected in their business. and it is subject Of dis
cussion whether a legal scale of compensation for
selling different classes OF property should be
adopted At the time the public should be
protected against frauds and dishonest dealing,
and gladly submit for discussion the question of
a state license for reliable agents and brokers'