The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1908-05-04

security he meets with financial ruin.
Now. the Torrcns' system is the r..
ycrse-it is not registration of deeds
and evidences OF title-it is an abso-
Lutte register OF title. First, howeve~
there must be trial to determine the
| ownership and then oil deeds are can.
celled and all except loans or liens
upon the land; certificate is Issued
to the owner for the decree and after
that there is never nut one outstaEd.
ing certificate and that certificate
shows every condition of title. Any
man as soon as he sees the certificate
and 1t is marked "Torrens Land
knows that 1t is good-it is lust as
sound and as safe as buying gov.
ernment bond; in fact, the Wall
Street Journal last spring said That
the Torren's land certificate is the
safest security that could be ma l. BY
law | have but recently a letter
from the governor general of O.tl
rio, one of the provinces of Canada.
in which he said "Of all the many
things OF w, in we are proud in this
province we~are most proud OF our
Torrens land law" Now. oppose
the holder OF a Torrens' certificate de.
sired to borrow some money upon n
tract of 100 acres of land. say 800
and he'd go TO Representative Briggs
bank over tl'Te and say | desi - 10
borrow 500. Mr. Briggs would say
Is your land abstract" land or Tor.
rens?' II he should reply abstract
MT. Briggs would say | would like to
submit that TO my attorney first; ana
perhaps At the end of a week he might
get an opinion and then refuse tho
loan, but If ne said IT'S 'rorrens. ne
would say let me see the certificate.
The moment he looked upon the Ger.
tlfcate he knew every condition OF
/ the title without a single cent of
expense. Now, the only thing he
would want TO know would be the
/ KIND OF land or about what the land
was worth II he knew of the land
he would be ready then as he
would ever be, TO make the loan
6ecaue he would know the whole
power OF the state was behind that
property 10 protect the title. Now
suppose he would loan the slOO. the
owner would have that certificate
cancelled on the county clerks rec.
ords and new one issued 10 the
owner whom We will suppose 10 be
Representative Rainey here. on the
face of thar certificate issued 10
Rliuov would be- the statement: &c
W. Briggs holds a first lien for the
sum OF 500 on this tract Of land"
Then II Mr. Rainey should show that
certificate 10 anyone II could be
seen easily what the condition Of the
title is: that is 10 say. that the title
in fee belonged to Mr. Rainev OF
Aloka. but that C. W. Briggs OF Gran
ite holds a first lien for slOO Now
suppose Mr. Rainey at later date
would desire TO borrow another 500
and he should go to Representative
/ Robert Johnsou'S bank in the town
| ot Chickasha Mr. Johnson would ask
what kind OF land is IL. ABSTRACT
| or "Torrens?" MIR Rainey would an.
swer II is "Torrens" Then he would
ask TO see the certificate-whenJ John.
son looked al the certificate ne
/ would know the condition OF the
| title and the only question that he
would want 10 know is whether or
/ not the land would stand one more
! travelling over the land or from his
personal knowledge previously gained
! IL To be valuable land ne would be
as ready then as he ever would be
/ To loan on that piece OF land Should
he make the loan that certificate
would be cancelled and new one