The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-10-24

I may be good and u may be absolute
ly worthless: the man goes upon the
land, tperhaps IL Is unimproyed) he
builds a home upon IL and after be
Is fixed and feels that he is safety
anchored once In a home. Years rolled
by. a defect in the title Is discovered
the real owner sued him for posses
sion; be goes into court. is defeated
in the first trial. he sells some Of HIS
personal property and appeals the
case and hires additional counsel: he
loses again and goes to the supreme
court where he loses not only the per.
sonal property which he had to spend
for attorneys fees and court costs, but
loses his case and his home This Is
not overdrawn, hundreds OF occur.
rences Of this kind have happened, Il
Is not an exception even TO the rule,
II is the rule. Again, under the ab.
stract system man desires to Dor.
row some money quickly to save him,
perhaps from financial ruin; he goes
to the bank, the bank Is afraid of the
title. the bank has no certain means
Of knowing especially at the momenb
perhaps by reason Of not being able
TO get the loan when he had landed
security ho meets with financial ruin
Now. the TOrrcns syF IN is the re-
verse, Il is not regis Hfatlcn OF deeds
and evidence of tie, Il is an absolute
register OF title. First, however, there
must be trial TO determine the
ownership and then all deeds are eau
celled aud all except loans or liens
ipoD tho land: certificate Is ISSUED
10 the owner for The decree ana nfbr
that there IL never but one Outstaud-
ing certificate and that certificate
shows every condition of title. Any
nun as soon as he sees the ccrtin-
cate aud II IS matkod "rorrehs' Land
knows that It ls good, Il is Just as
sound and as safe as buying q govern.
mcnt bond; in fact, the Wall Street
Journal last sprug said That the
rorrens' Land Certificate is the safest
security that could be made by law.
have but recently letter from lhe
Governor General OF Ontario. in one
If the provinces of Canada, In which
le said: "Of all the many things OF
which We arc proud In this province
We are most proud OF our Torren's
-and Law" Now. suppose the hold.
" OF a Torrens' Certificate desired 70
borrow some money upon a tract OF
60 acres OF land, say $4,000 and he'd
20 TO Representative Briggs bank
'ver there and say | desire TO borrow
10000 Mr.. Briggs would say. Is your
and abstract land or Torrens'?" II
le should reply abstract Mr.. Briggs
would say would like to submit that
o my attorney first; and perhaps al
he end OF a week he might get an
opinion and then refuse the loan, but
{ he said It's Torrens' he would say
ct me see the certificate The mo-
nent he looked upon The certificate
le knew every condition OF the title
Without single cent or expense. Now,
he only thing he would want 10 know
would be the kind of land or about
What the land was worth. II he knew
u the land be would be ready then,
IS he would ever be, to make the loan
because he would know the whole
)ower OF the state was behind that
property 10 protect the title. Now
suppose he would loan the $4,000,
he owner would have that certificate
cancelled on the clerks records and
new one issued to the owner. whom
Se will suppose TO be Representative
Raiaey here, on the face OF that Ger
.ificate issued to Rainey. would be
his statement &C. w. Briggs holds