The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1908-10-22
The Torrens system.

some of the features Of the Tor
rens land title registration system,
known as state question No. =.
which is in the form Of consu
tutional amendment to be voted on
I'm the election on the third day OF
inexpensive but certain metioi ~
transferring title TO real estate. The |
fundamental ideas In the system are |
these that real estate ought and /
can be transferred as cheap as 9th |
or property and thai the title should |
be as easily ascortained as other !
property. and above all that It re-
uulres security Of title 20 promote
the prosperity Of the state and so-
cietv. No country can he 7rospcrou"
which has defective titles to It's real
estate because Il gives insecurity
20 the home owners As opposed IN
this system is the abstract method
of the transfer Of real estate. Every.
ctr kr'Ws that = tract sv' 49,: Isl
attended with great expense. First
the abstract must be secured One
might answer that once YOU get the
abstract II costs hut little TO keep
it mn. hut what answer have they
to tho proposition n the land should
be divided. To Illustrate. II on-
hundred and sixty acres OF land had
boon transferred thirty or forty
times. making SO many pages Of alb
stract costing from fifty cents 10
one ollar per page and that one
hundred and sixty acres would he
diyi ted INFO fcyr parts and sold ~
nrty acre tracts. then there mrst
needs be three additional abstracts
running back to the first transfer
from the 81 -. or - o." ~" w0u'i
say. from uni'r the savcr"tSr'v "
the soil. AMI a. tr'g l,n' c.ntin-
ued to he divided there would he
required for each and every sepa-
rate tract n complete abstract 50
I that I'm the event the several pieces
= Of land should become cheap the
- abstract would ho neglected and
uncertainty Of title would follow
. SO the small purchaser of the
: choap lot In the city and small
tract OF land I'm the country would
| he the first to suffer. In other
= words. the small home owner, who
!, above all should be encouraged IN
i the purchase Of realty with safe
Q and sound title. Notwithstanding this
g expense. we might continue the alb
!, stract system without changing II
n Il were safe system. But 4
i is not only expensive and attend
? ed with great uncertainty but II
II an unsafe system. Sound business
c reasons should decide that It wor''
c be wise TO get rid OF a system boil
unsafe and extensive and suhsti
u tute therefor one both safe and at
tended with hut little cost.
y Tho method OF transfer is not very
y unllkc the transfer Of stock In cor
g porations on the books Of the com
many. There need hc no fea in IT,
: guaraute system Of the state he
l. cause history has shown hat in NJ
. state or country has the state eve
lost ono cent by the guarantee sys
> tenn which operates very similar =
The bank guarantee system now #
force I'm Oklahoma. There need no
be any fear Of the wrong peTsoi
getting hold or possession OF lan'
that does not belong TO him. Th'
very reverse Of this Is the prac
tical operation of this system. ]
Is under the abstract system tina
many persons get hold OF land be
longing 10 some one else, and even
maIIv to get In court, lost the lan'
and all they have expended upol
II. This is the only system OF Law
with which | am acquainted tina
the poorest man In the state as wei
the richest can and do unite thei
| support. 1t might be stated als'
that the owner OF land need no
adopt this system unless he desire
y To do so. II Is purely volun ar
, with the land owner, but each lan'
" owner observing that the Torren
land can secure a loan quicker an,
f" at lower rate OF interest and tha
II will soil for more, and thar N
one is afraid to deal in II by rea'
on OF the conditions OF title, Wi
cause every man who has land {
desire to 90 into the system, Never
tholess he can retain the absirac
y system " he so desires But, as stat
ed before. he will not desire TO d