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January, 1927

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January, 1927 JANUARY, 1927 ·' The Monthly Letter ________ __ _,___ ____ __ ___________________________ _., __ Page 2 Editor's Page .. -------------·--- --·- --- ----- -------- _ --~--------- - ------·- - " 3 Program and Announcements of Mid-Winter Meet- ing ·------- ------------------- --------- ------------ .............. -- -- --- " 5 "History of Titles to Real Estate" By Hon. Justice Clyde E. Stone, of the Illinois Supreme Court_________ _____________ ----------------"--···· -- ·-------- " 6 Meritorious Title Advertisements Another inter esting example. ___________ -----·····----·------- " 7 "The Photostat System of Recording" By I. E. Leininger, Rochester, N. Y....................... " 8 Report of Washington Title Association Meeting.. " 10 "Relation of Abstracter, Examiner and Title Insur- ance" By C. S. Hale, St. Louis, Mo .... ·········----··-- ···--········-- '' 13 "Origin and Growth of Title Insurance in Philadel- phia" By Oakley Crowdick, Philadelphia, Penna. " 14 Law Questions and the Courts' Answers The Monthly Feature .............. --·····--·················· ···--· " 16 Abstracts of Land Titles Another im;tallment of this series .......... ------···· _____ " 17 The Miscellaneous Index Interesting news items---- -----··· ·· ·· ····-- ········· -- ····· -- ··· " 18 TITLE INSURAN CE SECT ION ABST RAC T ERS SECTION CUA I Rlw!AN JAMES 5. JOHNS. PCNOLETON. ORE, CHAIRMAN HENRY J DAVEN PORT BROOKLYN , N Y . V.ICE" CHA I RM AN V E RN E HEDGE, LINCOLN, NEB. VICE CHAIRMAN EDWI M H LI NDOW , DlTRO I T . M ICH . SECRETARY J R . M O RGA N , KOKOMO, IN O, SECRCTARY J W WOODFORD, SEATTL C, W ASH . P R ESI D ENT EXECUTIVE COMMITTEE WALTER M . DALY, PORT L A N D , ORE. -. WALT ER M . DALY, C H "-IRM A N # V ICE P R ES ID E NT HENRY J. F EH R MAN. OM A H A , N Eii . ~ EDWARD C . WYC KOFF, N E W ARK , N. J J . L. C HAPMAN , C L EVEL AND , 0 T CX . TR EASU RER HENRY BALDW I N , CORPUS C HRI STI , L IF. OFFJ CE 01' EX"F.CUT JYE SECRETARY OONZ EL STONEY. SAN FRANC ISCO , C RICHARD B . HALL., KA NSAS CI T Y . MO. M . 0 . BO U SLOG , GU LF PORT. MI SS . TITL.S: .S TRUST llL.OG . EXECU T IVE SECRETAltY FRED P . CONDI T , NEW YORK C I T Y K AN SAS C TTC> ", MO. ANO O F F ICERS OF ASSOC IATIONl ANO C H A I RM E N OF SECTIONS EX-OFFICIO J anuary 20 , 1927 Fellow titlemen: This is t he y ear when t he legi slatures of -· t he various sta t es meet and titlemen should awaken t o t he I1 fact that their business will receive an ample shar e of consideration from the lawmakers meeting i n session. l In fact indications point that mor e t han t he usual number 1 of bills, as well as some of a novel and drastic nature j will be conceived. ~ This is due not onl y to the f act there is a tendency to regulate all businesses but a l s o because legis­ latures are meeting immediately after ele ct ion and a great number of bills will be introauced, incl uding some which will be direc~ed at the abstract and title i nsurance bus­ i ness. The title industry should encourage and suppor t such things as will improve and s i mp lify t he title s ystem, or stabilize and elevate the title business. It should like­ wise discourage such things as would prove i mpr actical ·or detrimental. There is no place, necessity or demand founded upon knowledge or logic for "official county abstracters" regulation of fees, making the abstract business a publ ic venture, or expansion of the "hokus pokus" Torrens Law. Many bills providing for these things are already prepared and waiting to be introduced. The Torrens advocates arc well organized and very busy. The title a s s ociations, t his year, have a real job in· looking after these things.· 'The St Bt e Associations are the available agencies for overcoming t horn . The American Associa tion and the whole title frc. t er­ ni ty s tnnd r eady to assist titlemen in every locality in foster i ng and encouraging good regulation and suppressing t he undesirable. Executive Secretary F ~ · ~ TITLE NEWS A publication issued monthly by The American Title Association Publiohed montlll11 at Mount MOl'T'U, IUinm.; Editorial offiCtJ, Kanaaa Cit11, Mo. Entered aa -....dc!aaa ma/Ur, D..,,mber 16, 1911, at t"- poat offiCtJ at Moum Morria, IUinoil, undf7' IM act of March~. 1879. Vol. 5 JANUARY, 1927 No. 12 Editor's Page The coming Mid-Winter Meeting is going to be very interesting. The program is shown on page five of the January TITLE NEWS and an inspection of the topics listed will show some vital questions are going to be discussed. Those who will present them have been ·giving seri­ ous thought to their study, and the things that will be expressed to­ gether with the ensuing discussion will create more data and infor­ mation on title subjects. Advance reservations indicate a large crowd will be in attendance. Everyone will find it worth while to at­ tend. Hon. Clyde E. Stcme, Justice of the Supreme Court of the State of Illinois, has prepared an interesting and readable story on "History of Titles to Real Estate." He generously gave consent to print this in TITLE NEWS. Everyone should read it. Much interest is being displayed in the photographic system of recording. In some places abstracters have a joint contract with the county whereby they do the county recording and by making two copies se­ cure one for their take-off at the same time as fulfilling their record­ ing contract. This system is being used by counties in many states and is finding particular favor in some of the larger cities. Its uni­ versal use is being advocated and so many inquiries have been made of the association for information and data on the subject that the editor asked an official of the Photostat Company to prepare an ar­ ticle. Two interesting articles by men of standing and experience in the title world appear in this issue. The relation existing between the work­ ers of the three branches of the title business is given a nice explan­ ation by C. S. Hale of St. Louis. Oakley Cowdrick of the first and oldest title insurance company in the country tells some interesting bits of its origin and the growth in its home city. The committee appointed to investigate the advisability of creating a board of title insurance underwriters received a hearty response to its preliminary work and Mr. H. N. Camp, Jr., the chairman, gives an explanation of the reasons for creating this board and a report of t the work done so far. This matter will receive final consideration at the Mid-Winter Meeting. ---- I ...... 4 TITLE NEWS The Annual Mid-Winter .... _ Business Meeting and Joint , Conference Of State and National Association Officials Held by The E!JnertcanTitle association Will Convene in Kansas City, Mo. .t. · · February 4-5, 1927 Headquarters - - Kansas City Athletic Club This meeting will be of direct benefit and influence to the title business. Every member of the state and national associations is invited to attend. Read the program of interesting and timely subjects that will be presented. Come and benefit from listening to their presentation and discussion. It will be pleasant and profitable to mingle with your fellow titlemen from the entire country. Write the Executive Secretary for reservations ----- - TITLE NEWS 5 Much Interest Shown In Midwinter Meeting Large Attendance Indicated; Program Shows Consideration Will Be Given to ~ Timely Subjects. Everyone Invited There is a great deal of interest in national organization and to the title transaction of such business as is the Annual Midwinter Meeting and business in particular. It is intended necessary. Work of the past is re­ Joint Conference of State and National that the problems of the state and na­ viewed and given further impetus; Offici!lls. A large number have sent in tional associations be "aired" and plans future plans are made among the im­ reservations and there will probably be made for their solution; that things can portant of which is the planning of the a record attendance. be presented and planned that will next convention. Many state officials are coming. make their existence of more use and Attendance at this meeting is not Some states will be represented by one, benefit to the members; that problems limited to state officials, national as­ some by two or more, while one state and questions of the title business can sociation officials or committee mem­ will have its entire executive commit­ be presented and methods decided upon bers or workers. Everyone is invited tee present. that will advance its efficiency and wel­ and anyone attending will get much fare. The chairmen of the various national benefit and pleasure from mingling In short, the state association committees and some of the and the national with titlemen from over the entire title associations members of each committee, in fact, all are the mediums for country and hearing the discussions. the advancement or some of them will be on hand to take and protection of the It will be not only pleasant personally business, and part and study and consider their work. when they are apprized but prove of great value in his busi­ of the thing·s necessary to be done and ness. Chairman Daly has given careful at­ plans formulated for their accomplish­ tention and consideration to the prep­ ment, the title business will reap and The meetings will be held in the aration of the program and selected the receive the reward and benefit.
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