The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-19
BANKERS |NDORSE
TORRENS SYSTEM
Action Is Taken After Sharp De-
bate on Floor Of Con-
vention.
IN SESSION AT OLD POINT
President Hurt Reviews Work
of Association During
Past Year.
IN SESSION AT OLD POINT
uY LOUIS ]. JAFFE.

Delegates TO the Virginia Bankers AS
sociation. convention. in twenty first
annual session at tho Chamberlin Hotel
to-day differed sharply as TO the merits
ot the Torrens system OF land regis
tration, given strong Endorsement In
the report Of the committee on agri-
cultural and financial development and
education. The committees report was
adopted by unanimous vote after thirty
minutes OF debate.
Tho inauguration Of an improved
system Of land registration was given
a. prominent place In the committees
report. presented by Chairman V.
, Walden. OF Farmvillc. Attorney George
Bryan. OF the Bankers Association.
took the floor Immediately after the
reading OF the report. indorsing In an
ox tempore speech the land rcgistra-
tion feature
'-rhc Torrcns land registration BILL
faid Mr. Rr5an. would have been
passed by the Virginia Legislature but
for the limited objection rule enforced
by the Senate In the closing days of
tho last aession | do not think 1t
would be aniss IL the name Of this
body wero changed from state Senate
TO state cemetery. Many bill lies
dead there to-day without sacred to-
thc-memory to mark It's last resting
place. Nevertheless the Torrcns iaw
will be passed by the General Assem-.
bly, as coon as the two houses OF the
egislaturc have a good opportuniiv to
consider It's merits.
ABSTRACTORS or TITLES
WOULD LOSE PROFITS
The only opposition. as far as I
know. comes from the abstractors Of
Titles In tho large cities. who profit
by tho present system. think their
Ni"w is narrow. Tho mcn>rers Of This
association should get behind their
Representatives IN the interest of this
reform. While the limited objection
rule Is partly accountable. the itrangu-
Iation OF this and other worthy meas
hres is due TO the fact that tho Sos
sion or the General Assembly is not
long enough. II Is a practical iinpos-
sIbility FOR tho LEGISLATURE to give dine
consideration 10 All the important bills
Introduced in tho kiNty dnys il has to
transact business ]. for ono, shah
vote for the constitutional amerdm.ni
extending the Legislative session, to
NINETY days.
John +. Hison, OF DnnvIiIc, took i'm
mediate exception to Mr.. Rryat,.s
reference 10 the State Senate. holding
10 be ;tn unjustihable attack on
that body. He pointed out tbnt M
limited objection rule WAS invoked onIv
IN me dying hays OF the session. I'm
oider to make possible tho trunsac-
i"n OF business. lie desired 1t made
plain he said, that the convention I'm
no way criticized the Scnnte's fniIur.
|" pass the Torrcns law. and that If
'i'. BrEans remarks contained a cri:i-
'Hn OF thc senate, his views alone
We're represented.
MI Bryan explained that h, iu,ouao1
u" criticism OF tho Scnatc's action n,,n
'"'iihS. however. that his stat,mcnt
.iS TO the facts was correct. lie roll
'"oo' ne SAID. that the pressure Of bust
ess towards the last OF the session
demanded The enforcement of a lInt,.d
objection rule, and expressed his r
Elct that the Adams land registration
hill reached the Senate too latn IN h,
acted upon before tho objection rule
went Into effect
SYSTEM IL ArvrACI<ED
bS ANGELI., or ROANOKE
The Torrcns system OF land rc,is
'ratlon was attacked by r. r. Anrr1
OF Roanoke. who described il as a
process by which man could with
tho least trouble separate himself rrn,,,
All ne mas on earth. Tho very fact
mat farmer could. under this system.
carry In an envelope ncgotiabie title
10 all his real property, he thought
would mako him likely prey for
achoincrs and spectators. The slowost
procoss of separating 4 man from his
home. hc said, was the best process.
For this reason chiefly, he was opposed
TO the Torrcns system.
directly opposite view was taken
by President Hurt. who asked perinis-
SION TO invade the program with
snort statement on this subject ic
had been an advocate of the Torrens
system. he said, for fifteen years The
reform, he said, was essential If this
State Is TO enjoy the benefit OF Il system
or rural banking, under which the
borrower could obtain loans without
the large expense involved in sccurine,
abstracts Of titles and in paying other
Ices incident to the execution OF mort
cages.
Judge c. l.. Nicol, OF Manassas.
thought that the optional provision
1ac
last session rendered 1t free from OBJ
lection Under II property owners he
SAID. could certify their titles or not
as they pleased, subscribing to the
present system If they choose to do
Other delegates suggested that the
convention adopt the report OF Mr.
Naidcn's committee without committing
the association one way or another
OH the Torrens system. Oliver T.
Sands, OF Richmond. and others
thought that hn expression on this
subject waS entirely within the scope
of this organization. On motion from
inc floor the committee report recon-
nendinS the enactment of a reform
Iand registration law was Unanimous
ly adopted.
PRESIDENT HURT CALLS
CONVENTION no ORDER
one hundred and fifty members of
the Virginia Bankers Association were
assembled in the auditorium of the
Chamberlin Hotel this morning when
President Joseph NJ Hurt called the
association to order for the opening
session of its twenty-irst annual
convention. About fifty others regis
tered during the day. with the visit
ing bankers of North Carolina and
other ncighboring States the official
attendance at this years meeting will
reach ESQ.
Reports from standing committees
and group chalrmen and three ad-
drasaes at the affernnan ,nnsiau forn,