~ NEWS A publication issued monthly by The American Title Association Publ,.hed rrwnthl11 at Moum Morna, IlZ.noia; Editorial office, Hutch&,..on, Ka,... Entorad aa aacond cla.. matter, Docambor 15, 19!1, at Iha poat office at Mount Morri•, IUinoi•, undar th• act of March~. 1879.

Vol. 4 JULY, 1925 No. 6 Final Details of Convention and Program Decided A Four Day Session, With Two Half Days and One Eve!1ing of Ente~tainment-Ban­ quet in Unique Setting-Hosts Plan Extraordinary Entertainment

Final plans and details of the Con­ tending and the work of the Conven­ ness and his own personal benefit and vention have been arranged. The many tion proceedings. welfare to attend the conventions of details of the Convention itself have Immediately across the street is the his trade, business or profession. These been settled and the program decided Shirley-Savoy and the Metropole, two conventions are the post-graduate upon. It will be printed and shown in other first-cla'ss hotels. The facilities schools, the academies, the clearing the August "Title News." Our hosts of these three places, all in an imme­ house and the clinic of a business. have outlined the entertainment to be diate vicinity, insure everyone securing Many Invitations From Denver and provided and all is ready to show us a their choice of accommodations. Colorado. good time. Anyone who misses this Hosts Have Been Working Hard. Many most cordial invitations to convention will miss the time of his Our hosts have spent lots of time meet in Denver were sent to President life, in both pleasure and profit. and energy in making all necessary ar­ Condit. Among them were those from The first day, Tuesday the 8th, will rangements. Golding Fairfield, M. E. Clarence J. Morley, Governor of the be devoted entirely to the program and Houston and Joshua G. Houston, of the State of Colorado; B. F. Stapleton, Ma­ work of the meeting. Title Guaranty Co., with the assistance yor of the City of Denver; L. Ward The morning of the second, W ednes­ and cooperation of P. W. Allen of Bannister, President of the Denver day the 9th, will likewise be spent in Greeley, and· the entire membership of Chamber of Commerce; George P. Gal­ the business of the occasion, and at the Colorado Title Association, have lup, President of the Denver Real Es­ this time the Abstracters' Section will been seeing that everything would be tate Exchange; The Denver Tourist & come up for consideration. done to make the meeting a big suc­ Publicity Bureau; and The Colorado The entire afternoon of the second cess and to be enjoyed by all. Title Association. day Wednesday, will be given to What Will the Attendance Be? WILL YOU BE THERE? ple~sure; a ride and sight-seeing ~rip There is always much speculation as through Denver's parks and immediate to the probable attendance. This year mountain country will be given. should be a record breaker. The crowd LOUISIANA REVIVES STATE The third day, Thursday the 10th, at New Orleans established a new fig­ TITLE ASSOCIATION. will be similarly divided with conven­ ure and there should be many more at Several of the abstracters of the tion session in the morning and a trip Denver. It is in the territory where state of Louisiana met in Alexandria through the mountains proper in the there are the most abstracters and title on May 28, and reorganized and re­ evening, stopping at "Trout~ale-in-the­ companies. For convenience of access vived the State Title Association. Pines," a famous mountain tavern, by rail or auto no better place could A committee on Constitution and By­ where the Annual Convention banquet have been decided upon. It provides Laws and other necessary committees will be held. This will be out of the an economical trip both in time and were appointed and began work imme­ ordinary this year on account of its expense. diately to perfect the organization. An­ setting and the menu. It will be one of The attendance at any convention is other meeting will be held in a short the mountain trout dinners for which more or less influenced by the things of time and a real convention a.nd inter­ this hotel is famous. interest, the s~enery and fascination. of esting program had. This Convention is going to be one the surrounclmgs of the convention There are many abstracters and title­ of interest. The program has been city. No place in America surpasses men in the state and a strong associa­ planned on the most practical and defi­ Denver in any or all of these points. tion should result from this move. nite lines. It will move along with in­ Everyone in the title business should The following officers were elected: terest and decision. It will be some­ be at this convention. If half of those R. B. Hill, Benton, La., President; what strenuous but all the more profit­ in the abstract and title business in any Frank Suddoth, Crowley, La., Vice able, and so varied a_nd mixed with re­ of its branches could be gathered to­ President; R. A. Querbes, Shreveport, laxation and entertamment that every gether at one of these meetings, the La., Secretary; N. K. Vance, Alexan­ second will be enjoyable. condition of the business, in all of its dria, La., Treasurer. Executive Com­ Headquarters Decided Upon. phases, would be changed over-night. mittee: Wilber H. Draemer, Franklin, The famous Brown Palace Hotel, Problems would be worked out, every­ La., C. J. Bolin, Mansfield, La., J. W. Denver's popular hotel, has been de­ one would have a better understanding Kilborne, Monroe, La., J. E. Littel, cided upon as headquarters, and the of things, and the business would go Opelousas, La., J. E. Summerlin, Ray­ management has offered every facility forward on a new basis. ville, La.., A. M. Mayo, Lake Charles, for convenience of the individuals at- One absolutely owes it to his busi- La., W. J. Murphy, Arcadia, La. 2 TITLE NEWS

YELLOWSTONE NATIONAL PARK. arise in your soul the phrase, "As it astonishing thing about Yellowstone_ was in the Beginning!" Happily also You can photograph a wild bear and By Emerson Hough, Author of "The follows the remainder of the choral eat a course dinner within the same Covered Wagon," etc. chant. "ls now, and ever shall be!" hour. You can see a herd of buffalo What price can you put on that? from your seat in a comfortable tour­ Our great National Parks are sec­ Yell ow stone is at once the easiest, ing car. You can see the. Canyon and tions of the old American wilderness the most feasible, the most human of geysers and the Grand Tetons and a preserved practically unchanged. They all the parks, and also the wildest and dozen bold mountain lakes and streams are as valuable, a.ere for acre, as the most unchanged. and yet sleep in as good a bed as you richest farm lands. They feed the No other park and no other moun­ left at home. Literally, the world has spirit, the soul, the character of Amer­ tain region within our borders holds nothing like this. Other parks have ica. such numbers, or such numbers of one attraction, sev;eral; but none has Who can measure the value, even to­ species, of native American big game. all these. And no discomfort or dan­ day, of a great national reserve such The bears of Yellowstone have made ger or weariness will mar your day's as the Yellowstone Pa.rk? In twenty it famous, as has its gorgeous Canyon. delights. years we shall have no wild America. Its vast elk herds-the last hope of I know the Yellowstone-why should The old days are gone forever. Their that species in America-have no like I not, who have seen its last corners, memories are ours personally. We anywhere in our country now. summer and winter. I have fought for ought personally to understand, to The bighorn sheep, rarest and wild­ its elk, its buffalo, its trout, its wider­ know, to prize and cherish them. est of our big game animals, still lives fiung boundaries. I know it and love Yellowstone, of all the National its old life there. The wise and busy it all. So will you love it when you Parks is the wildest and most universal beaver builds its dams as it always did. know it. And you ought to know it. in its' appeal. There is more to see The antelope still may be seen, sha­ That is part of your education as an there-more different sorts of things, dowy, fleet. The two species of Ameri­ American as well as one of your more natural wonders, more strange can deer still thrive. Lastly, there still American privileg·es in pleasuring. and curious things, more scope, more are to be seen some hundreds of the Thank God, you Americans, that variety-a longer list of astonishing noblest of all our wild animals, the Yellowstone is now and ever shall be­ sights-than any half dozen of the bison; a herd, larger now than it was your own! Thank God that there you other narks combined could offer. when, in the winter of 1894, the writer still can see a part of the old West­ Daily new, always strange, ever full of of these lines explored Yellowstone your o"»'n West-as it was in the Be­ change, it is Nature's wonder park. It Park on ski and made public the dan­ ginning! is the most human and the most popu­ ger then existing of the extinction of (Emerson Hough's name is forever lar of all the parks. the wild bison at the hands of ruth­ linked with the West in the minds of But Yellowstone is more, and very less winter hunters. all who have read his epic novels of much more, than that, especially in its Who can measure the value of these frontier life. He was one of the men new and vastly enlarged form today. native treasures. Where else can you who really knew the Yellowstone Park As it is now constituted, it is the <-ee them? What other country, Country. Another such man was "Buf­ noblest sweep of unspoiled and yet what other printed page, can teach you falo Bill" Cody, and Yellowstone Park fully accessible mountain country to be so much as a week's reading of Na­ tourists who enter or leave the Park at found within or without our National ture's page here? the Cody Gateway may visit his for­ Park limits. Here, indeed, you may see And you can travel and live in per­ mer home and see the new statue the Rockies and as you look there will fect comfort! That is almost the most erected to his memory. On the famous "Cody Road," 90 miles of the most thrillihg scenery in America, sightseers learn to understand the feeling which men like Emerson Hough and "Buffa­ lo Bill" have had for this vast national Park of the Rocky Mountains.) Yellowstone Park is one of the many interesting places those attending the Convention of The American Title As­ sociation in Denver can visit as a side trip.

TITLE INSURANCE SECTION MAK­ ING SURVEY OF LOSSES. The Title Insurance Section has been active this year and President Donzel Stoney has done a great deal of con­ structive work. One of the things of interest and that will prove of a great value is the information being gathered relative to losses sustained by com­ panies under title insurance policies. Each member of the Association writing title insurance has been asked to send information and statistics rela­ tive to number of losses, amount and cause during the past year. A response to this will establish some very valuable information. Title com­ panies have losses, and it would be well (Courtesy Northern Pacific Ry.) to get such information for a length of time from all the companies, and a Old Faithful Geyser study of them made. Such a thing would be beneficial and very interesting. TITLE NEWS a Membership Campaign NEW YORK STA TE TITLE ASSO­ of Year Certain to CIATION HAS INTERESTING Bring Good Results CONVENTION. Chairman Roy S. Johnson Has Worked Hard and Had Cooperation The 1925 meeting of this association from Fair Number of State Associations-To Close was held at Lake George on June 26 and 27, and was a most successful July 25th When Cup Will be Awarded meeting. The Membership Campaign conduct­ great deal of regard for the work he Henry J. Davenport of the Home ed this year bids fair to produce very has done. Title Insurance Co. of Brooklyn was satisfactory results and bring a goodly A letter was sent to all these pros­ elected President, taking up the work number of additional members to the pects by Mr. Johnson. This urged them as President of this Association after several state associations whose offi­ to join their state title association, and a most successful year under Arthur cials cooperated in the movement and also stated a copy of the New Orleans E. Bishop of Schenectady. took advantage of Mr. Johnson's inter­ Proceedings, a Directory and specimen Reginald P. Ray of White Plains was est and willingness to help them. copy of the monthly publication, "Title elected Vice President of the Southern It was conducted on a more strenu- News," would be sent. There were ap­ Section, E. Day Clark of Binghamton, proximately 900 prospective members, Vice President of the Central Section and each one was sent the things above and DeLancey Bentley of Rochester, mentioned, together with a letter from Vice President of the Western Section. the American Title Association urging Fred P. Condit them to of New York City become affiliated with the title was re-elected Treasurer and S. H. organizations, and enclosing an ad­ Evans, affable and energetic Secretary, dressed envelope to the state secretary, was also continued in his work. so that they could make application for membership. Before the convention adjourned the The results that will be obtained resolutions committee reported a num­ from this will be awaited with interest. ber of resolutions, the more important Certainly every one of these prospects of which were: will have had an opportunity to learn That it is desirable in all ways to of the organization of his business and facilitate the ready transfer of real know of the benefits, and especially property title and to simplify their those to be obtained from affiliation transfer through testamentary devises with the national organization. and to overcome the many technical The stat e association making the objections arising from testamentary biggest percentage of gain in member­ disposition and trust deeds and that the ship will be awarded the Fred P. Condit association to this end approves the Cup, the trophy given in recognition principles of Senate Int. 992 of the of best gain in membership. New York State Legislature of 1925. That a committee of the New York COMMITTEE ON LEGISLATION Title Association be appointed to co­ HAS GATHERED MUCH IN­ operate with the County Clerks Asso­ FORMATION. ciation for the purpose of devising Legislative Year In Most States and a ways and means and giving the bene­ V.ast Amount of Work Has Been fit of their advice and guidance to the Done By Committee. end that the general uniform method of perpetuation of records and maps ROY S. JOHNSON, The Committee on Legislation has be inaugurated. Chairman, Committee on Member­ had a great deal of work to do this That the association makes note of ship and Extension, who has been tire­ year and it has been done. The Chair­ the honor which has come to it as well les~ in his efforts for two consecutive men of the various districts as forming as one of its own members in the elec­ years to increase the membership of the committee have gathered copies of tion of Mr. Fred P. Condit to the office the State Associations. Mr. Johnson is the laws introduced or passed affecting of president of the American Title As­ Secretary of the Albright Title & In­ title companies, or title laws. sociation. vestment Co., Newkirk, Okla., and one These have been sent to Henry R. That the association sincerely thanks of the representative abstracters of the Chittick, Solicitor of the Lawyers Title the State Tax Commission, and particu­ country. He has been an active work­ & Trust Co., New York, who is the larly Mr. John J. Merrill, for assistance er for several years in the Oklahoma General Chairman of the Legislative in connection with various questions in and American Title Associations. His Committee. Mr. Chittick will prepare work as Secretary and President of the the administration of the Franchise Oklahoma Association had much to do his report of the Convention from them Tax Law. with that organization becoming one and it will be a big job. of the most efficient of state organiza­ Most states had their biennial meet­ PLANTS FOR SALE. tions and raising the standards and ing of the legislature this year and GOOD BUSINESS in Western Kansas Coun­ conditions of the abstract business in there were many laws passed. But few ty. Only set of books. ( 1) EXCEPTIONALLY FINE plant in one of Oklahoma to an admirable degree. measures were passed adverse to the best towns in New Mexico; also has insurance title business-in fact, none of any department making fine earnings each year. ous and direct method and plan than consequence. Rather, this year for the For sale at a sacrifice. (2) FINE PLANT in Montana city. One of heretofore tried. Every state associa­ first time the abstracters and title com­ best businesses in state. For sale on terms. tion was asked to send Mr. Johnson a panies took matters in hand and ini­ (3) COMPLETE PLANT in live Oklahoma town. list of prospective members or those tiated a bit of constructive and bene­ $26.000 and terms will be given. (4) who had allowed their dues to lapse ficial legislation in many states. ONLY PLANT in 6-year-old county in cen­ and membership thus expire. A digest and study of the legisla­ tral Idaho. Opportunity to also deal in real estate. insurance, etc. $6,000 and will dis­ Several states entered into the cam­ tion from year to year would be very count for ~ash. ( 5) paign enthusiastically and are bound to valuable. The work of the Commit­ EXCEPTIONAL OPPORTUNITY in fine New profit thereby. The Chairman, Roy S. Mexico city. Good business not only in ab­ tee on Legislation is one of the im­ str•ct ino: but also insurance and loans. (6) Johnson, who has generously served portant things done by the Association two consecutive years as head of the and Mr. Chittick and his co-committee­ It is not the spurt at the start, but Membership Extension Committee, cer­ men do a fine thing in gathering the the continued, unresting, unhesitating tainly worked hard and deserves a information and reporting on it. advance that wins the day. 4 TITLE NEWS erty, and the owner produces his cer­ Has the Torrens System Proved Itself? tificate showing title in him, free from in all encumbrances, yet when the pur­ Some Examples of It Practice chaser presents his deed for record he By W. H. Pryor, of the Pryor Abstract Co., Duluth, Minn. is informed that it cannot be acce~ted because an old tax title has been dis­ It is not my intention to make any District Court, who would order her covered, which was not cleaned up at .arguments as to the legality or consti­ husband's certificate of title cancelled, the time of registration. It was nec­ tutionality of the Torrens Law, but and a new one issued to her. The pur­ essary to go into court to have the rather to show how it works out in chaser was willing to turn over his cloud on the title removed, and the practice and just what can be expected money and the widow was anxious to realtor had to stand the expense at a <>f it. get the purchase price, but the objec­ cost of more than half his commission. Theoretically, and on paper, it is a tion came because of the fact that Do you suppose he favors the law? beautiful thing to consider. The main the papers could not be filed until af­ What would you think of it under the thing the matter with it is that it does ter the decree was obtained. The pur­ same circumstances? not work out as claimed or expected. chaser proposed to go into immediate Supposing you want to place a sec­ The human element has been omitted possession and to make extensive al­ ond mortgage on a registered title. and the human probability to err has terations at considerable cost. The at­ For reasons to be explained later, the been overlooked. Theoretically there torney's objections came because of first mortgagee has the Owner's Cer­ are no flaws in the system and it is these proposed improvements, because tificate of Title. Supposing he refuses free from loopholes, but in actual use if the purchaser failed to pay for them, to part with it so that the second mort­ loopholes are found and flaws show up Mechanic's lien claims might rise which gage can be noted on the memorial. in almost every deal. Some of these would be filed before her mortgage, If he refuses, the mortgage cannot be can be passed over, but a careful at­ accepted for filing. It might be pos­ torney cannot overlook them all. Pro­ sible to bring action to compel him to ponents of the law cite as examples produce the certificate, but this takes long unregistered titles, and then by time and money. If he is a non-resi­ way of comparison take a simple Reg­ dent and outside the jurisdiction of the istered Title and claim the Torrens sys­ court, then it is not possible to get the tem is more expeditious and freer from certificate, and the mortgagor will not complications. Take similar titles, one be able to raise money on a second registered and the other unregistered mortgage. The same thing applies to full of complications and the compari­ contracts for deeds, and in some in­ son will not be as favorable to the Tor­ stances mortgagees have refused to al­ rens system. low actual sales to be noted. If you For example, sales by administra­ were a mortgage broker and negotiat­ tors executors and guardians are made ing a second mortgage or contract for dail~ . A Duluth woman, the executrix sale, would you particularly favor the of her husband's estate, and his sole Torrens Law under these circum­ heir at law made a deal through a Du­ stances? luth realtor to sell one of her husband's houses. The estate was being pro­ The reason why mortgagees insist on bated and the terms of the sale had the statutory period of redemption has been agreed to by both parties. The expired, the old owner's certificate title was registered and no question must be surrendered for cancellation, was raised as to its validity. When she or action must be brought to cancel it. went to her attorneys to have the deed The expense involved in this action drawn and executed, she was informed causes a wise mortgagee to insist on by them that they would not allow holding the owner's certificate. It is the deal to go through as planned. The cheaper to surrender that, than to deal provided for a cash payment, and bring action to have it cancelled. If she individually was to take back a the owner has the certificate in his possession and refuses to surrender it, purchase money mortgage for the ~­ WILL H. PRYOR, the purchaser at the sale must then paid balance of the purchase price. Author of the article "Has the Tor­ The reason why she was not to take rens Law Proven Itself?" Mr. Pryor bring action to have the certificate the mortgage as executrix of her hus­ is Secretary of The Pryor Abstract Co., cancelled. Foreclosures of mort­ band's estate is because the law in Duluth, Minn.; one of the leading ab­ gages on registered property are con­ Minnesota does not contemplate a sale stracters of the country, a real title­ siderably more expensive than on un­ by executors or representatives of the man. He has been active in the Min­ registered property, and there is often nesota and American Title Associ­ estates of decedents for anything than a considerable delay in obtaining the ations, and is a Past President of the title after the period of redemption has cash, and for that reason, as she was American Title Association. her husband's sole heir at law, it was expired. agreed by the purchaser that she and would have priority over her mort­ A prominent realtor, representing should convey in her individual capac­ gage. Lien statements can be filed, one of the largest life insurance com­ ity and take back the mortgage that even if the debtor is not a party to panies as its loan agent, recently told way. The decree of the probate court the Registered Title, and in this way me that he gets mad every time an would be obtained in a few weeks, they differ from mortgages. If the owner presents a Torrens Certificate, when she would be the owner of rec­ purchase money mortgage could have and that he hoped the law would either ord, and the purchaser was willing to been noted on the memorial as an en­ be repealed or that some method be take chances that the decree would be cumbrance everything would have been devised by which property could be forthcoming vesting her with the rec­ all right, and the realtor would not withdrawn after it is registered. ord title. The objection by her attor­ have lost his commission. You can im­ A singular fact in conection with neys rose from the fact that it would agine what he thinks of the Torrens Torrens titles is that the deed of the be impossible for her to file her deed Law, and I feel safe that you would grantor does not pass the title. Title until she had obtained decreed from feel the same way under the same cir­ passes when the Registrar issues a new the Probate Court. After she obtaine l cumstances. certificate, and is the act of the Reg­ this decree, it would then be necessary Imagine the feelings of a realtor istrar rather than that of the grantor. for her to have it passed on by the who makes a sale of registered prop- The deed is merely the warrant on TITLE NEWS He said Loan Association as well as oth­ which the Registrar acts. This brings plan, and I asked his reasons. ing & Suppos­ became the law ers have taken the same position? ~ third par~y into every deal. ~hat _if this provision He all the registered has ~ng the Registrar makes a mistake. i~ Mmnesota, nearly The Bar Association of Duluth Sup­ Sentiment the mini­ is human j~s~ like the rest of us. titles would be withdrawn. fixed a schedule of fees, and the law daily and of an pose he mismterprets an instrument. is growing against mum fee for the examination suf­ feature beco~es a where the The real parties to the transaction once the withdrawal abstract of title is $15.00 where withdrawn faster and the title fer. But, I hear you say, that is reality, titles will be property is of small value grant registered. As the title the assurance. fund comes in. I than they are free from complications. inter­ be of the property that. Supposmg you are more A T 'orrens title is supposed to ~engthens, or the value particular as for examination also e~ted in obtaining title to a absolute, subject to five exceptions mcreases, the fees obtaining ex­ called on to make a piece of property and not in set out in the certificate. These increase. When col­ of a Registered a right to sue the county, or to ceptions are as follows:- c~mplete examination in schedule applies with. lect from the fund. Are you safe or rights arising Title, the same a man 1. Liens, claims charge of $10.00 so that relying on the interpretations of the constitution of an additional that under the laws or charge for a com~lete ex­ not versed in the law? It is true which the statutes the minimum and is the United States, of a Torrens Title is $25.0()o the examiner is an attorney cannot require to appear amination to the of this state compared with $15 for an unregis­ supposed to act as legal adviser of record. as does this without pay tered title. Registrar, but he or special assessment interested in 2. Any tax Torrens Titles and is not particularly sale of the land has not It is often said that The result is for which a is not so. I have the Registrar's troubles. the date of the certificate are cheaper. This relies on his own been had at expense of Torrens. that the Registrar of title. shown how the does not bother the ex­ because of the in­ judgment and a period not ex­ Titles is increasing purchaser adequately 3.. Any lease for for abstracts, and I aminer. Is a when there is ac­ creasing demand by the Assurance fund? I ceedmg three years, now show you the schedule of protected of the premises under will 75c an instance where a deed was tual occupation fees for filing of papers. It costs recall the lease. deed given subject to a $15,000 mortgage to record a short form warranty highways embraced in but the yet the certificate shows it to be sub~ 4. All public with the Register of Deeds, this of the lands included for the same ject only to a $500 mortgage. In the descriptions Registrar charges $3.00 was shall be deemed to be as an abstrac­ particular instance the purchaser in the certificate instrument. Speaking the not the custom an honest man and brought back excluded. ter, I know that it is un­ of appeal or right to each time a deed certificate for correction, but an 5. Such right to extend abstracts contest the application as The average is. scrupulous person could have caused appear and is filed for record. by law. deeds, and the total the mortgagee a great deal of trouble is allowed about once for two A careful study of these exceptions of recording two or three deeds, and probable loss. that the cost ab­ the quickly convinces a person plus the cost of extension of an Here is an instance taken from of the own­ cost certificate in the possession stract is generally less than the Duluth Herald of recent date. all deeds er cannot be relied on to ascertain of filing the same number of obtained Judges Hear Torrens Act the facts. These must be with the Registrar of Titles. "District the Registrar's Argued; En Banc. from other places than You will note that in every instance, R. and the fifth exception actually as being filed "District Judges Bert Fesler, C. office, I have referred to papers means that no purchaser of registered instead of recorded. Magney, H. J. Grannis and E. J. Kenny with the Registrar ar­ prope_rty is safe until he has carefully fact. No instruments sat en bane this morning hearing in the This is the exact question of no­ exammed all the proceedings to the Registrar are re­ guments relative to a both as to those presented on owner's cer­ entire chain of title, corded. They are merely numbered tations being placed after the decree of These the provisions of instruments filed consecutively, indexed and filed. tificate of title under those recorded before and registration, and files are accessable to the public, the Torrens Act. was obtained. some titles, the decree it is an easy matter to mislay "Frank Everhard, examiner of any of you to think may be nota­ I do not want of these instruments, or they argued the points in favor of a the Torrens Law be­ t<> that I am against lost or stolen. Supposing your title tion which is placed on every certificate my business. Such is is regis­ is cause it injures a valuable piece of property title to the effect that the title To meet the five excep­ any of not the case. tered. Are you going to have to Federal and State inherit­ the abstractors of know subject tions above noted, great sense of security when you ance taxes. now issuing supplemen­ not Minnesota are that your muniments of title have in opposition, covering the exceptions. not "A Mac Washburn, tal certificates been recorded, and that they are was subjed to we are called on constant­ filed argued that the title In addition, in your safe deposit box, but are of whether a nota­ ly to furnish abstracts on Torrens hole, along the tax regardless for away loose in a pigeon placed on the instrument or Titles, and the number of demands other similar papers? tion was increas­ with hundreds of not. these abstracts is constantly to prove their exis­ that inside There is nothing took the matter ing. Mr. Everhard claims the certificate, or the "The four judges think of pur­ tence excepting of ten years, nobody will the memorial. In cases of under advisement." without an ac­ notation on chasing a Torrens Title complicated instruments, Did you ever hear of an ordinary Abstracts of long and companying abstract. wall agreements, deeds estate litigation, where it was nec­ than such as party real Torrens Titles are more expensive is the custom for the to call in all the judges in the as we re­ of trust, etc., it essary those on unregistered titles, on the memorial the hear the case? Imagine the in­ Registrar to place county to ally have to make three abstracts the dates, and delays arising where all is on names of the parties, expense and stead of one. The first of these followed with listen to cases of this sort. shown by the the kind of instrument, the judges that part of the title as to see the original in­ cases must stop, and the Deeds, up to the instructions All other book~ of the Register of particulars. Suppos­ become more involved to Reg­ strument for full courts would and mcluding the application instrument is lost, mis­ than at present. the actual pro­ ing that this with details ister; the second is of How are the contents with the of the title, laid or stolen. In a recent conversation ceedings in the registration If a recording system told him that instruments to be proved? Examiner of the titles, I and the third is of those expense, it will more should be subsequent to is added to the I thought the Minnesota law filed with the Registrar cost and will mean regis­ Do you than double the amended so that the owner of the decree of Registration. realtor and his this condi­ greater expense to the tered property could have the option know that just because of the Land Bank of clients. of withdrawing his property from tion, that the Federal on a Torrens I do not intend to discuss legal ques­ effects of the law, if he so desired. St. Paul will not loan refer Ire accompanying ab­ tions, but in passing I cannot but This is now done in several states. Title without an this the Minnesota Build- to the fact that in every instance said he was absolutely opposed to stract, and that 6 T I TLE NEWS where an appeal has been taken to the abstract showed that the U. S. Steel the abstract business started Supreme Court of Minnesota, with the the title corporation at one time took an option country on an efficient and skillful has either been set aside or amended, for a mining lease, and that it was ex­ basis and where the abstracter and often long after the and statutory tended and then abandoned. This man the abstract is a period has expired. Most part of the business of these at­ asked us to omit this from the ab­ life of the community. tacks have been made on the grounds stract, as he frankly admitted that he Just outside to the east of fraud, either actual or constructive, could not sell stock in his promotion are the states of Kansas, Oklahoma, but recently a certificate was set aside if the purchasers of the Arkan­ stock were sas, Texas, Missouri, on the grounds of the existence of an to know that the Steel Corporation Nebraska and had Iowa, which states implied trust, which was not in writ­ explored the property and have the largest abandoned number of ing, and which existed only by virtue it. We refused to comp abstracters probably of ly with his re­ all of the of an oral agreement between the par­ quest, and his attorney advised others of the country put him to together. ties to the transaction. have the title registered. All of these states are real­ When this ly adjacent I will not attempt to say that the was done the former option and close to Denver, with was not a short law is not used extensively in Minne­ disclosed on the face of and direct line of communica­ the Certificate, tion. sota, but the impression has gone forth and on the strength of his certificate, that the system is making great head­ coupled with the fact that the property Then it is just a little further away, way, which is not the fact. At the law between two producing mines, this where the other states are that have present time, less than 5 o/o of the titles man was able to sell over $300,000 of many in the business, Illinois, Indiana, in St. Louis County are registered, and stock, but he never got a pound of iron Wisconsin and Minnesota, with Ohio the great portion of the new applica­ from the property. as the one farthest away where there tions are in endeavors to make tax are a "flock" of abstracters. titles good. I will admit that the law But the railroad fare from any of HOLDING OF furnishes a convenient method to clean CONVENTION IN them is not much-less to Denver in up a tax title, and that I have on sev­ DENVER " TAPS" NEW the summer than any other place. eral occasions made use of t he TERRITORY. law So many should attend for that very purpose, as after I reg­ from all of the states, but particularly from the istered the title, it was possible for Afforda Oppor tu nity to a Gr me eat Num­ states in the Western to present a possible purchase ber of Attending and Rocky Mo un­ r with a Na tional Con­ tain regions. nice sheet of whit e paper, showing me ven tion "Close to Home." This convention should to be the owner in fee simple, and un­ bring many for their first time-from less the purchaser is alive to the sit­ the Dakotas, The selection of Denver as a meet­ from Wyoming, Mon uation, he has no way of knowing that tana, Idaho, Colo­ ing place gives a great number a rado, New Mexico and others. the basis of the title is only a tax title. chance to attend this meeting by pro­ It is often claimed that fraud is pre­ viding a short trip and includes in its vented. This is not so. Every time a radius a great territory where there manufacturer of steel invents some are many members. JlJ'oGE DOREMUS PLACED IN process for making it better, bank-rob­ NOMINATION FOR GOVERNOR This is the bers are stopped for a while, and then first meeting in the West OF NEW JERSEY. since the science comes t o their rescue by fur­ San Francisco convention in 1915. They Judge Cornelius Doremus, of Ridge­ nishing a more powerful explosive, or have been held in the north, the wood, N. J ., President of the New Jer­ the acet ylene torch and the efforts of south and the middle east and sey Title Association, was one of the the manufacturer are set at naught. west, but this is the first in 10 years nominees for Governor of that state. The same thing applies to Torrens to be held west of Kansas City, Omaha and Des Moines. He has been active in politics for Titles. I t may have stopped some of years, standing for reform and advo The convent ­ the old time frauds that were mossy ions of the past have cating good government. The selection never been attended with age, but the wits of men have by those from of Judge Doremus as a candidate is a Idaho, Montana, Wyoming, devised new methods and it has been Colorado, recognition of his character and abil­ found that a T orrens Title furnishes the Dakotas and others of the Rocky ity. Mountain and Western some very convenient methods of put­ states. A gentleman, business man, banker, ting over shady and fraudulent trans­ These states have a large number lawyer and strenuous worker, not only .actions. F raud can never be stopped of members, who for the most part in his business but in things for the de­ until the hearts of men change. are abstracters, for it is here in this velopment and progress of the better Some years ago, a mining promoter newer Western country where the ab­ things, New Jersey would do well to ordered an abstract from us, and the stracter is in his "own country" where have him their Governor.

THE NINETEENTH ANNUAL CONVENTION oj the American Title Association will be held in DENVER, COLORADO Dates H eadquarte rs September 8-9-10and11 Brown Palace\Hotel Make Hotel R eservations NOW! TITLE NEWS 7 and I would like very much to hear from the ladies who read this column NEWS OF THE TITLE WOMEN giving me some definite ideas as to the permanent organization of the ET UX Their Column CLUB at Denver. Edited by Mrs. M. B. Brewer, Oklahoma City, Okla. 809 West 18tll St. I do not believe we should exclude our sisters who are "less fortunate" (or unfortunate) who have so far Perhaps no recent member of the that I could use. either by mistake or design failed to American Title Association has made I now request all ladies who may make the venture on the matrimonial more acquaintances or is better known read this column to do something to sea and if the name is a misnomer we than Mildred A. Vogel of El Paso, help me out in order to keep the col­ can change it at Denver. Anyway, it Texas. When she finished school she umn alive after it has been so gener­ is only suggested. chose as her profession the abstract ously donated by the editor for our ex­ and title work and after closely apply­ clusive use. ing herself for many years and coming I can't keep from thinking about the to the office early and staying late and Just a little suggestion that I am wonderful good times that we had at studying hard she has fought her way throwing out now r elative to our en­ New Orleans. I am sure that all ladies up the ladder of success and made for tertainment at Denver. It occurs to me who were there will agree with me that herself a place in the front ranks of the that if the women would get together the committee at New Orleans certain­ profession. and organize a little group and start a ly made it pleasant and comfortable Since 1920 Mrs. Vogel has been club of our very own that we might be for us. regular in her attendance at the con­ able to contribute to each other's Mrs. Bouslog, in a most fascinating vention and has brought with her many pleasure more than heretofore. We manner, had something interesting for new ideas and has helped thereby to us every minute of every day. I know solve puzzling questions and many in­ that Denver is another city of wonder­ tricate problems incident to the ab­ ful hospitality and that the ladies who stract and title business. She is now attend the convention this year will Manager of the El Paso office of the have a delightful time. Stewart Title Guaranty Company. I urge especially the attendance of My first acquaintance with her be­ any lady in the profession or who is kin gan in September, 1920, when as a to it by marriage to come to the Den­ member of the reception committee I ver Convention. The committee on en­ met the train at Kansas City and wel­ tertainment assures me that they are comed Mrs. Vogel. It was gratifying going to do all in their power to make indeed to note the interest that she our meeting· just as well remembered took in this her first convention. as the last one at New Orleans. She is a firm believer that a g·reat :field for women is offered in the title and abstract business. It is a field where you have to give the best that is in you and it takes long and tedious years to make a success. Perhaps womankind is more diligent in attend­ ing to small details and thereupon de­ The Kansas pends the secret of success in this busi­ ness. Mrs. Vogel in writing to me says: Title Association "From my own personal experience I find that attending the state and na­ Cordially and enthusiastically tional convention is more helpful than any other one thing. I would not miss invites all those enroute to a National Convention for anything. Denver to stop off in Every me ting to me is greater and better than the one previous and I look MRS. M. B. BREWER, forward from year to year to see and Editor of the column, "News of the Garden City, Kansas to greet the clear friends that I have Titlewomen." made at previous Conventions. It is worth a great deal to me to get a smil­ "mere wives" might associate ourselves Saturday, September 5th ing welcome and a warm hand clasp. together in a little club to be known That alone waves away the whole year as the "ET UX CLUB." and attend the Convention of of grief that has accumulated in the I have always been just a little bit the Kansas Association. title game. It seems to me that all resentful of this Latin phrase ET UX. who attend the meeting·s have in mind It does not seem to mean anything in You will be welcome--your its ordinary use, hence I believe that if nothing but the betterment of the or­ presence will be appreciated. ganization." we could take something that did not mean very much and reverse it and make it worth a whole lot that we Those who do this can then Modesty in letter writing seems to be would be making "two sprigs of grass proceed to Colorado Springs the rule among the women of the As­ grow where only one grew before." sociation. I have sent out scores of let­ We could have our own officers and and spend Sunday and l\.fon­ ters asking ladies who had attended the membership exclusively limited to day, the 6th and 7th, visiting our conventions to furnish me with those ladies in attendance at the con­ the Pikes Peak region, with be vention and we might have a little something interesting that might a hospitable crowd, then on used in the columns of the Title News, bridge party or shopping expedition but the rule is that the ladies reply where we could go together. In unity to Denver to the big National stating that they don't know of any­ there is strength. Unity of this kind Convention. thing that would be very interesting would mean, I believe, a whole lot to and they fail to give me an article us in a social way at the conventions 8 TITLE NEWS The Sustaining Fund Membership Roll of The Amer­ ican Title Association for 1925 The Constitution and By Laws of the Association provide that in order to obtain the necessary funds to maintain and operate the Association, and carry out the work effectively for which the Association was organized, and which is not possible from the source of membership dues alone, that a voluntary Sustaining Fund be established and that members support­ ing said Fund be designated as Sustaining Fund Members and that they be given full credit herefor, in recognition of the increased measure of service thus rendered. The fallowing i s the list of those who generously and considerately pledged to this fund for 1925. ARKANSAS FLORIDA Geo. F . Buzbee ...... Benton Florida Title Co ...... Miami Desha Bank & Trust Co ...... Arkansas City Dade County Title Insurance & Trust Co ...... Miami J. L. Robertson...... Piggott Volusia County Abstract Co ...... ,...... DeLand Rains Abstract Co. Inc...... Van Buren Alachua County Abstract Co ...... Gainesville W. F. Eatman...... Mountain Home Florida Abstract Co ...... West Palm Beach W. J. Vance...... Morrilton De Soto Abstract Co...... Arcadia. Bank of Augusta & Trust Co...... Augusta Scott County Abst. & Land Title Co ...... Waldron IDAHO John W. Commons...... Waldron Comas Abstract Co ...... Fairfield Arkansas Trust Co ...... -'······················ ... Hot Springs Lost River Title Co ...... Arco Madison County Abstract Co ...... Huntsville The Bingham Title & Trust Co ...... Blackfoot South Arkansas Abstract Co ...... Camden Twin Falls Title & Abstract Co ...... Twin Falls Greer Abstract Co...... Fayetteville Panhandle Abstract Co. Lt'd ...... Coeur d'Alene Neill-Butler Real Estate Co...... Batesville Fremont Abstract Company...... St. Anthony J. H. Rayburn & Co ...... Cotton Plant Fidelity Abstract & Trust Co ...... Twin Falls Bonner County Abstract Co. Lt'cl ...... Sandpoint ALABAMA Gem County Abstract Co ...... Emmett Charles H. Royer...... Decatur ILLINOIS Ballard Bros ...... Troy C. E. Joyner...... Harrisburg E. P. Quigley...... ,...... Birmingham H. B. Wilkinson...... Morrison Alabama Title & Trust Co...... Birmingham Montgomery County Abst. Co ...... Hillsboro Etowah Abstract Co...... Gadsen Leland & Wilson ...... Ottawa. Title Insurance Co ...... Mobile Title & Trust Co ...... Peoria. Title Guarantee Loan & Trust Co ...... Birmingham The Kankakee Co. Title & Trust Co ...... Kankakee ARIZONA Chicago Title & Trust Co ...... Chicago & McLean County Abstract Co ...... Bloomington Phoenix Title Trust Co ...... Phoenix St. Clair Guaranty & Trust Co...... Belleville CALIFORNIA Rock Island County Abst. & Title Guaranty Co ...... Rock Island Santa Cruz Land Title Co...... Santa Cruz Champagin County Abstract Co ...... Champaign Belcher Abstract & Title Co...... Eureka Kane County Abstract Co ...... Geneva Southern Title Guaranty Co...... San Diego Chas. D. Etnyre & Co ...... Oregon San Jose Abstract & Title Insurance Co...... San Jose The Sangamon County Abstract Co ...... Springfield Title Ins. & Guaranty Co...... San Francisco Wm. Fike ...... Lewiston Title Guarantee & Trust Co ...... Los Angeles McHenry Co. Abst. Co ...... Woodstock Pierce-Bosquit Abstract & Title Co ...... Sacramento John G. Patton...... Macoml:> Richmond-Martinez Abstract & Title Co ...... Martinez Madison County Title Office ...... Edwardsville Alameda County Title Insurance Co ...... Oakland Cass County Abst. Co ...... Virginia. Geo. H. Rice Abst. Co ...... Redwood City Security '.fitle & Trust Co ...... Waukegan Union Title Insurance Co ...... San Diego Ford County Abstract Co ...... Paxton Kings County Abstract Co ...... H anford Taylor Abstract Co ...... Clinton California Pacific TWe Ins. Co ...... ··························-· San Francisco De Kalb County Abstract Co ...... Sycamors The San Joaquin Abstract Co ...... Fresno E. P. Easterday...... Mound City Sacramento Abstract & Title Co ...... Sacramento E. J. Tupper & Co...... Galesburg Napa County Title Co ...... Napa Contm Costa Abstract & Title Co ...... Martinez INDIANA Riverside Title Co ...... _ ...... Riverside John Held ...... Wiliamsport Stoc•kton Abstract & Title Co ...... Stockton Pi01ieer Title Insurance Co ...... San Bernardino ii'~wr~;d °Ti~i~ ~o .. ~~~-~::::::·:::::::::·:::::::::::::::::::::: : ::::::::: : :::::: ~~'.11.~'de~~~ Lake County Title & Abstract Co. Inc ...... Lakeport Floyd Co. Abstract Co ...... New Albany Title Insurance & Trust Co ...... Los Angeles Koscusko Abstract & Title Guaranty Co ...... Warsaw Plumas County Abstract Co ...... Quincy La Pone County Abstract Co ...... La Porte Bryan-Stallard Abstract Co ...... Lafayette COLORADO Marks Abstract Co ...... Salem Adams Co. Abtract Co ...... Brighton Allen E. Hogue ...... Vincennes Washington County Abstrac1r Offi ce ...... Akron Spahr-Morrison Abst. Co ...... Frankfort The Morgan Co. Abst. & Investment Co...... Fort Morgan Indiana Title & Loan Co ...... South Bend The ¥enke Abstract Co ...... Comejos Starke Co. Abstract Title & Guar. Co ...... Knox Security Abstract & Title Co ...... Colorado Springs Jones Abst. Co ...... Huntington The Zimmerman Abstract Co ...... Steamboat Springs Wayne County Abstract Co ...... Richmond Landon Abstract Co ...... Denver Indiana Abstract Co ...... Goshen Title Guaranty Co ...... Denver W. H . Becher ...... La Porte Kit Carson County Abstract Co ...... Burlington The Winchell Abstract Co ...... La Junta IOWA The Jefferson County Title Co ...... Denver W. C. Chubb Abstract Co. Inc ...... Corning H. C. Nelson ...... Cheyenne Wells Sioux Abstract Co ...... Orange City The Crowley County Abstract Co ...... Ordway The Loomis Abstract Co ...... Red Oak The Weid County Abstract & Investment Co ...... Greeley Fidelity Abstract & Loan Co ...... Creston The Record Abstract of Title Co ...... Boulder Delaware County Abstract & Loan Co ...... Manchester The Trinidad Abst. & Title Co ...... Trinidad Davenport Abstract Co ...... Davenport The Boulder County Abst. of Title Co ...... Boulder Madden & Madden...... Muscatine The Arapahoe County Abstract & Title Co ...... Littleton Shepard Abstract Co ...... Mason City The Baker Abstract Co ...... Burlington Hardin County Abstract Co ...... Eldora The Lincoln County Abstract Co ...... :...... Hugo Engleson Abstract Co ...... Sioux City The F. J. Henderson Abstract Co ...... Sterling Carlton Abstract Co ...... Spirit Lake North Park Abstract & Guaranty Co ...... Walden Plymouth County Abstract Co ...... Le Mars Mineral County Abstract Co ...... Creede C. A. Batman...... Nevada Nenke Abstract Co ...... Antonito Linn County Abstract Co ...... Marion Douglas Co. Abstract Co ...... Castle Rock Clay County Abstract Co ...... Spencer The Otero County Abstract Co ...... La Junta Boone County Abstract & Loan Co ...... Boone W. K. Jones...... Denver Hamel & Mather...... Tipton CONNECTICUT Marshall County Abstract & Loan Co ...... Marshalltown The Bridgeport Land & Title Co ...... Bridgeport Fidelity Abstract Co ...... Pocahontas The Western Connecticut Title & Mortgage Co ...... Stamford Chas. E. Moore ...... Cherokee Clark, Hall & Peck...... New Haven The Sedgwick-Lichty Abst. Co ...... Waterloo Spencer Loan & Abstract Co ...... Spencer DISTRICT OF COLUMBIA Security Abstract Co ...... lowa City Washington Title Insurance Co ...... Washington, D.C. Ralph B. Smith...... Keokuk 9 TITLE NEWS Co ...... Duluth ...... Boone Consolid::Lted Abstract . Aitkin James R. Grant Aitkin County Abstract Co ...... ~~~hi>!ri~'keyI!e~f~~~·t ··· c;;:::::::·::::::·~::::... ::::::::·::::::::::. ·.:.... ::: Si~Ne:id~ MISSISSIPPI ...... Corydon .... Gulfport C. L. Clark...... Mississippi Abstract Title & Guarantee Co ...... Winnebago County Abstract Co...... Forest City ...... Washington M ISSOURI Schuyler W. Livingston ... Harrisonville Craig-Ray Abstract Co ...... Allison Hight-Eidson Title Co ...... Toledo The Land Title Co...... Springfield Benson & Runkle...... Hannibal Washington Title & Guaranty Co ...... Washington Wells Abstract Co ...... Clarinda Lois Buhl...... Kirksville Loranz & Co., Inc...... Huntsville Southern Surety Co...... Des Moines Hamilton Abstract Co...... Kellett-Landis Abstract Co ...... West P lains KANSAS American Trust Co ...... Warrensburg Title & Trust Co...... Kansas City County Abstract Co...... Eureka Kansas City Bolivar Greenwood Ashland Polk County Abstract Co._...... W. G. Carson...... Co ...... Jefferson City ...... Scott City Cole County Abstract Leo. T. Gibbons V. V. Hall...... St. Joseph The Guarantee Title & Trust Co...... Wichit a ...... Oregon ...... Ralina E. E. Richards Saline County Abst. Co...... Harrisonville Co...... Wichita Arthur Conger...... Home Mortgage & Title & Trust Abstract & Title Co...... Sedalia ...... La Crosse The Landmann Geo. C. Weber ce Felix J. Parkin...... Fredericktown Montgomery County Abs.tract Co...... Independen ...... St . Louis ...... Sedan Title Guaranty Trust Co ...... Spencer & Hawman...... Co ...... Benton ...... Larned Scott County Abstract R. E. Taylor...... Ryan & Carnahan...... Chillicothe . Llewellyn Jones...... Meade . Platte City H ..Garden City Murdock & Newby ...... Chan. B. Campbell & Son...... Abstract Co ...... Bethany Co...... Wellington The Harrison County Rogers Abstract & Title J. V. Davis Abstract Co ...... Bowling Green Sumner County Abstract Co...... Wellington ...... St. Louis ...... Lakin Edward G. Schall...... T. C. Thorpe...... Title Co ...... St. Louis Co...... Topeka Walter G. Thielecko Pioneer Mortgage J. H. Thompson & Son ...... Princeton Barbour-Collinson Abstract Co...... Winfield ...... Bloomfield ...... Fredonia Stoddard County Abstract Land & Loan Co Will G. Fink...... Clinton ...... St. John George . Holliday Wm. Dixon...... Jackson County Abstract Co ...... Independence The Crawford County Abstract Co...... Girard ...... St. Louis ...... Columbus 8t. Louis Title Co...... Pearl Koontz...... & Title Co ...... ·-··· .... Neosho ...... Independence Newton County Abstract Security Abstract Co...... D. Hamilton & Co...... Marshfield Sweet...... Stockton D. Memphis H. C. prings William L. Scott...... C. C. Porter...... Russell ...... Ozark ...... Concordia Ozark Abstract & Loan Co Missell & Son...... Co...... Benton ...... Manhattan Moore-Harris Abstract Robert B. Spillman Potosi Abstract Co...... Potosi C. J. Bryant...... Independence ...... Goodland MONTANA 'Vade Warner loosa Amos H. Leach...... Oska ...... Cut Bank ...... Salina Glacier County Abstract Co C. W. Lynn Abstract Co...... Realty Abstract Co...... Lewistown County Abstract Co...... Oberlin ...... Baker Decatur .O.berlin Fallon Co. Abstract Co Benton & Hopkins...... Co...... Forsyth ...... Topeka Rosebud Abstract Topeka Title & Bond Co...... Golden Valley ounty Abstract Co...... Ryegate Burt Moylan, Abstracter...... Malta Ponderia Co. Abstract Co...... Conrad ~~-~~~- ~~- ~~~:i~~ ...... Miles City ~.E~v:~~~~~~~:::::::=::::::::::::::::::::::::·:::::::::::::::::::::::: Ellsworth Custer Abstract Co ...... T. R. Wilson ...... stract Co...... Shelby ...... Lawrence Toole County Ab John E. Emick...... Montana Loan & Title Co...... Glendive E. B. Curran...... Pratt ...... Bozeman ...... Colby Gallatin County Abstract Co Ray H. Crumly...... Title Abstract Co...... Billings Harold C. Short...... Leavenworth Co...... Forsyth ...... Hiawatha Northwestern Title Bailey & Bailey...... Stillwater County Abstract Co ...... Columbus Carter County Abstract & Title Co...... Ekalaka KENTUCKY Co...... Red Lodge Louisville Red Lodge Abstract & Title Louisville Title Co ...... Liberty County Abstract Co...... Chester tract Co...... Stanford LOUISIANA Minnett Abs ...... Winnfield & Coushatta NEBRASKA J. M. Shull ...... Norfolk & Title Guarantee Co. Ltd ...... Monroe Madison County Abstract & Guarantee Co ...... Ouchita Abstract ...... St. Paul Union Title Guarantee Co. Inc...... New Orleans J. A. Haggart...... Benton W.W. Barney & Son ...... Kearney Bossier Abstract & Title Co ...... Omaha · ...... Lake Charles Mid-Title Guaranty & Abstract Co...... Mayo Title Co...... Lexington L. E. Littell Abst. Co...... Opelousas The H. 0. Smith Co...... J. F. Hanson & Co ...... Fremont MARYLAND Jay C. Moore...... Tecumseh Co ...... Seward The Maryland Title Guaranty Co ...... Baltimore Seward Co. Abstract Adams County Ab tract Co...... Hastings MICHIGAN R. L. Staple ...... Omaha ...... Cody ...... Baldwin Home Abstract Co...... Lake County Abstract Co...... Co ...... Hebron Title & Mortgage Co...... Flint Thayer County Abstract Guaranty Gage County Abstract Co ...... Beatrice The Gratiot County Abstract Co ...... Ithaca ...... Butte ...... Caro Wm. Whitla...... Ealy & Co ...... :...... Hartington ...... Grand HM·en Elmer F. Robinson...... Turner Abstract Co...... Ponca Co...... Muskegon J . M. Ilurley...... Muskegon Trust Hedge...... Lincoln Berrien County Abstract Co ...... St. Joseph Verne B. Kilbourne._ ...... Traverse City NEVADA G. lhpids Guarantee Bond & Mtg. Co...... Grand Title & Trust Co. of Nevada ...... Las Vegas Title Bond & Mortgage Co ...... Kalamazoo RSEY ...... Charlotte NEW JE Eaton County Abstract Co...... Asbury Park ...... Big R::Lpids Asbury Park Trust Co...... Webster Bros...... Guaranty Co...... Newark Union Title & Guaranty Co...... Detroit Fidelity Union Title & Mortgage ...... Manistee County Title Co ...... Toms River Sibben Abstract Co...... Ocean ..Ridgewood ...... Manistiquc Fidelity Title & Mortgage Guaranty Co ...... Ed Ashford ...... Freehold George E. Luther...... Jackson Monmouth Title Co...... Co. Abstract Co ...... New berry NEW MEX ICO Luce .. Monroe Monroe County Abstract Co ...... Abstract Co ...... Roswell ...... Centreville Gessert-Sanders St. Joseph County Abstract Office ...... The E. G. Twitty Abstract Co ...... Raton Co ...... Santa Rosa Fidelity Abstract Fe MINNESOTA Hayward Agency...... Santa ...... Las Cruces Beltrami Consolidated Abstract Co ...... Bemidji The Southwestern Abstract & Title Co ... Winona County Abstract Co ...... Winona NEW YORK ...... St. James Watonwan Co. Abstract Co...... Abstract Co...... Mayville ...... Duluth Chautauqua Pryor Abstract Co...... Central New York Abstract & Tille Co ...... Auburn St. Paul Abstract Co ...... St. Paul ...... Brooklyn The ...... Warren U. S. Title Guaranty Co...... Marshall County Abstract Co ...... New York ...... Baudette Lawyers Title & Trust Co ..... Lake of the Woods Abstract Co ...... Abstract & Title Co...... Utica ...... Preston Central New York A. W. Thompson ...... Title Guarantee & Trust Co ...... :...... New York Freeborn County Abstract Co ...... Albert Lea 10 TITLE NE W S

H ome Title Insurance Co .. ·------Brooklyn Westchester Title & Mortgage Co .. ______.. White Plains PENNSYLVANIA Bu tler-Kilmer & Corbin ______.Saratoga Springs North Philadelphia Trust Co.·---·------···------Philadelphia M ohawk Abstract Corporation______Schcnectady The Pennsylvania Trust Co.______Reading New York Title & Mortgage Co .. ______New York Potter Title & Trust Co ...... ______Pittsburgh The Title Guaranty Co .. ______,______Pittsburgh ~~~;:c\v~;!]i~~~-~~---~~: ::::::::::::::::::::::::::::: :::::::::::::::::::: :: ::: p~-~~~k~:~;i~ Orange & Rockland Title & Mortgage Guaranty Co .. ______Monroe g~i!~~re Tcr;;.stTr~~t --c~-.-.-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-.-_-_-_-.-_-_-_-_-_-.-_-_-_-_-_-_-.-_-_-_-_-_::·_-_-.-_-_-_-.-_-_-_-_-_~e-~h~~~ NORTH DAKOTA SOUTH DAKOTA M. J. Ruemmele ______Ashlcy ~· ~'. ~~'J:ick ::::::::::::::::::::::::::::::::::::::::::: Bottineau County Abstract Co·------·------.. Bottincau Brookings County Abstract Co .. ______::::: ::: :: ::::::::::::::::::::: t11~ge~!1~ Sargent County Abstract & Title Guaranty Co .. ______Forman ______Brookings The Corson County Land & Title Co .. ______Mcintosh W. A. KellY------Hillsboro Southwick Abstract Co .. ______Sioux County Abstract Co .. ______Fort Yates Watertown Lyman County Abstract Co .. ______Kennebec Abstract & Title Co .. ·------______Schafer Brown Brothers Inc·------Bu rl ~ i gh County Abstract Co·------Bismarck The Dakota Title ------Bison Williams & Investment Co. Inc .. ______Rapid City County Abstract Co·------Williston Home Abstract Co .. ______Martin Abstract & Title Co .. ______Deadwood TENNESSEE Bowman!~L!ui~d~t~:;;~ County Abstract:::ci~::::-::·::::·:::·::::::::·:::::::::·::::::::::·:::::·:::::::::: ~:~~~:~~;~ Co. ______Bowman The Guaranty Title & Trust Co .. ______.. __ Nashville Mountrail County Abstract Co·------Stanlcy Title Guaranty & Trust Co .. ------Chattanooga ~~:=!~n ~b![:~;t %~-.-.-.-_-_-.-_-.-.-.-_-.-.-_-.-.-.-.-.-.-_-_----.-.-.-.-_-.-.-.-.-.-.-.-.-.-.-.-_-.-.-.-.-.-.-.-.-.-_-.-.-__ TEXAS -.-.-.-.-_-_-.-.-.-a!r~~~ Guaranty Abstract & Title Co .. ______Amarillo OHIO 1 Warren Guaranty T itle & Mortgage Co .. ______Warren *~~s?o~~ T1 bsfr~·~;; --·-ci;::::::::::::::::::::::::::::::::::::::::: Archor County Abstract Co. Inc .. ______:::::::::::::::~-~s~~:!~~ Adele M . KagaY------Marysvi ______Archer City Thraves Abstract & T itle Co ..... ______.Fremontlle 0 'Nea ! Abstract Co .. ______Panhandle Wilson Abstract '.f k: ~~f:dt"h,f ft Co·------·------Lubbock 1!ctc~~:_-_-_-.-_-_-_-.-_-_-_-:_-_-_-_-_-_-_-_-_-_-:_-_-_-_-:_-_-_-_-_-_-_-_-_-_-,-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_~~'.¥~~~ Chas. L. Pickett·------Post The Cuyahoga Abstract & Pioneer Abstract & Guarantee Title Co .. ______, ____ El Paso The Trust Co .. ____ ------Cleveland Abstract Title-Guarantee & Trust Co .. ______Akron Texarkana Abstract Co·------Texarkana The Real Estate Abstract Co .. ______Toledo The Guarantee Abstract Co ... ______Georgetown Home Abstract Co ...... ______Fort Worth ~~s!'n Ptess£~;;;~5~~:::::::::::::: :_-_-_-_-_-_-_-::::::::::::::::::::::::::::::::::::: __ :::::::::Ft~~f~; '.fke Bankers Guarantee Title & Trust Co .. ______Akron gli~~~ii' It~:ra~i"ci; :::: ::· --·-::::::::::::::::::::::::::::::::: e Title G uarantee & Trust Co.______:::::::::: ~~~~~~--~$!~~ Toledo The King Abstract Co·------Greenville T h e Land Title Abstract & Trust Co .. ______leveland Scott Title Co .. ______Paris T he Guarantee Title & Trust Co .. ______C leveland Texas Title Guaranty Co .. ______San Antonio The Title Gu arantee & Trust Co .. ______Cincinnati Port Arthur Abstract Co .. ______Port Arthur '[;he;,rrum bull County Abstract Co ...... ______., ______Warren Fairfield Abstract Co. Inc. ______Fai rfield . . Cornell Abstract Co .. ______Jeffe rson Donegan Abstract Co·------Seguin Wondrash Abstract & Realty Co ..... ______Ca ldwell OKLAHOMA Montague County Abstract Boise City Abstract Office ______Co·------Montague ______Boise City Love Abstract Co·------Sulphur Abstract & Title Co .. ______Sulphur Pioneer Abstract Co .. ______F Tahoranklikna The Cherokee Capitol Abstract Co .... ______Tahlequ ah Stewart fitle Co·------Lincoln County Abstract Co. ______Chandlcr ------Houston Kaufman County Abstract Co·------Kaufman Guarantee Abstract & Title Co .. ______: ______Wich ita Falls 6 Weatherford Abstract Co. ______Weatherford i~~~r~1t~~!t 8:'..~_-_:-.~~: ::::_:::::::::::::_::::_:::::::::_:_:::_::::_:::_:::::::::::::::~E~~ C. P . Ram bo·------Brownfie The Bryan County Abstract Co .. ______Durant Jefferson County Abstract Co .. ______Beaumontld Gu aranty Trust Co. of Muskogee ______Muskogee Okemah Abstract & Title Co .. ______VIRGINIA Okemah Guaranty Title & Trust Co .. ______~ayre Abstract Title & Guaranty Co .. ______,______Sayre Norfolk sage County Abstract Co·------Pawhuska WASHINGTON Albright Title & Investment Co .... ______., ______Ncwkirk Thruston Co. Abstract Co .. ·------Washington County Abstract Co .. ______Bartlesville Northwestern Title Insurance Co .. ______------Olympia The Lafe-Speer Abstract ______Spokane Co .. ______Sapulpa Kittitas County Abstract Co .. ______E llensburg Cotton County Abstract Co ...... ------.. ·------.Walters The Dean-McLean Abstract Co .. ______Walla Walla Wagoner County Abstract Co .. ______Wagoner Mayes County Abstract Co .. ______Port Orchard Abstract Co .. ·------Bremerton ______Pryor Washington Title Insurance Co .... ______Seattle Johnston Abstract & Loan Co .. ______Clarcmore Garfield Co. Abstract Co·------Pomeroy ~ft~e~~~l;~i;:cf Grant County Title Abstract Co .. ______Ephrata Slief-Vaughn Abstractc~~~~t--~~:::::::::::::::::::::::::::::::::::::::::::::::::::::::Eic'ft~~~ Clarke Co. Abst. Co ...... ------Vancouver Co .. ______Cheyenne Chelan County Abstract Co .. ______Wenatchee Lawton & Comanche Co. Abstract Co .. ______Lawton A. L. BelL ______------____ Chelton American National Co ...... ------Oklahoma City Clallam County Abstract Co .. ______Port Angeles Boise City Abstract Offi.ce ______., ______Boise City Sulphur Abstract & Title Co .. ______.,______ulphur WISCONSIN A. E. Beno0------·------·- _Ash land i:r1:iiu!ntK-i:e~~:;~~~~---~ ~: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::··::::: Vf,~~~~~~ Hardy-Ryan Abstract Co. ______Waukesha Guaranty Abstract Co .. ______Pauls Valley Milwaukee Title Guaranty & Abstract Co .. ______Milwaukee Photo Abstract Co ...... ______.,_ .. ______Miami Rusk County Abstract Co .. ·------St. Croix County Abstract Co .. ______Ladysmith T itle Abstract Co .. ______·------.. Nowata ., ______Hudson Sater Ab t,ract Chippewa County Abstract & Loan Co .. ·------Stillwater Oneida Co .. ______------Chippewa Rogers County Abstract Co.·------County Land & Abstract Co .. ______Rhinelander Creek County Abstract Co .. ______------C laremore Rapulpa Citizens Abstract & Title Co. ------Milwaukee Geo. M. Burkhardt & Co .. ______Frederick First Bond & Mortgage Co .. ______Wisconsin Rapids Security Abstract Co .. ______Ncw kirk Jefferson County Abstract Co .. ______Jefferson Door County Abstract Co .. ______Sturgeon Bay OREGON Mason County Abstract & Title Co .. _____ ------Columbia Shelton County Abstract Co .. ______., ______St. Helens WYOMING Jackson County Abstract Co .. ·------____ Medford Goshen County Abstract & Title Co .. ______Torrington Hartman Abstract Co·------·--- .. ------The Bowers Abstract Co .... ______.P end Bakerleton Torrington T;tle & Trust Co .. ·------Torrington W cstcrn Title & Loan Co .. Title & Trust _____ ------Basin Co ... ------__ ------Portland Natrona County Abstract & Loan Co .... ------Cas Wilson Abstract Co·------IGamath Albany County Pioneer Abstract Co .. ______per Deschutes County Abstract Falls Laramie Co .. ______Bend Campbell County Abstract Office ______Gillette

SUMMER TOURIST RATES-the lowest granted by the Railroads and cheaper than any special convention or certificate plan rates- are in effect to Denver and all interesting points in vicinity at time of our Convention. They also provide choice of routes and stop-overs. Consult your railroad agent. TITLE NEWS 11 pended solely for building public good Abstracts of Land Titles-Their U se and will toward the group. The Campbell soup advertising bill Preparation yearly amounts to at least $1,500,000, Thisisthefourteenthof a series of articles or courses of instruction on the use and according to reports. preparation of abstracts. Electric railway companies' yearly advertising appropriations are saiil to total $2,500,000. Much of this the deed under the present reve­ In the previous article we showed upon amount, in common with funds for is required in some the most common and regular things in nue act. This public utility advertising of other and others not. It should not the general run of deeds. However, places kinds, is spent to gain good will. be necessary because the law one must watch for changes, interlinea­ really Colgate's advertising budget to sell recorder shall not re­ tions, exceptions and all manner of provides that the small items of toilet ware is $1,185,000 record things done in deeds. Words will be ceive such an instrument for annually. have been placed changed or erased, making a Warranty unless revenue shall Some $1,170,000 is spent yearly by assumption is the reve­ Deed a Quit-claim or a Special thereon and the Proctor & Gamble to sell Ivory Soap have Warranty or even a mere Bargain nue was attached else it would not and everybody knows it floats. and Sale deed. been accepted. Gas companies are another utility kinds One must also watch to see that up There are a number of special group with a large advertising approp­ actions in the body an insertion or interlinea­ of deeds coming from various riation. The yearly total is placed at are the Guardians, tion has not been made conveying only in court. These more than $2,000,000. Trus­ an interest. Administrators, Executors, and Telephone companies have busy ad­ from the Probate Court, The abstracter's chance of error in tees deeds vertising lines with an estimated toll and the Sheriff's deeds from the Dis­ these matters has been greatly reduced, of $1,500,000. Along each line sounds under orders therefrom in however, by the very good custom of trict Court the voice with a smile. foreclosure, partition and other civil using the printed form of legal blanks The Victor phonograph manufactur­ Then there are some special as prescribed and in general use suits. ers deal in artistry. Their yearly ex­ ones from the United States District throughout the various states. These penditures for advertising are around such as Special Masters and forms make conveyancing more or less Courts $1,142,000. in Bankruptcy. There is a uniform or subject to easy detection Referees All these figures are based on what of contention and argument should any alterations have been made. great deal these highly successful organizations among abstracters and examiners as to have spent in the past. Doubtless Deeds are sometimes nothing but whether or not such deeds should be mortgages as in the case where one will their future appropriations will be cor­ shown in full on abstracts. The opin­ respondingly higher in accordance with be executed and contain a clause this ion and choice of those preparing the trend to greatly boost appropria­ "given for security" or "to secure series and recommendations made to debt and be revoked when same has tions year after year on the part o! abstracters is that only those deeds practically all national advertisers as been paid." Such a deed is nothing but from actions in the United States Dis­ a mortgage and title does not pass. these hard headed business men, oper­ trict Court be shown in full and that ating for profit, realize the great po­ Sometimes too, a Quit-claim deed will reason is because the court of action mistakenly be given by a mortgagee tentiality for advertising which is even and source of information is remote now one of the greatest economic intended as a release but same does not there being but few federal courts in release a mortgage unless it is specifi­ forces. each state and these deeds often fur­ Does advertising pay? The answer cally stated therein that such is the in­ nish a great deal of information other­ tended purpose. Deeds are also given is to be found in America's commer­ wise hard to get. cial and industrial trend. to vest title temporarily ni a trustee However, it is not necessary to show or to pass title to someone's heir. The actions in the ordinary courts of a only safe way for an abstracter to county, whether probate or civil. These ILLINOIS ASSOCIATION CLAIMS handle all these many things for which can be abstracted very briefly the same 100 PER CENT ELIGIBLE deeds are intended and used is to care­ as any other deed· and the reason for MEMBERSHIP. fully watch them and show all excep­ not showing them in full is that a tran­ The Illinois Association claims to tions and clauses in full. script or abstract of the proceedings have a 100 per cent membership. Many states have what is called the in the case back of each will always They report that they cannot enter the after-acquired title. That is a man be shown on the abstract and all mat­ membership campaign because they may be the owner of a p iece of land ters and information had in the action have every available abstracter or title and mortgage it or even convey it and thus shown. These judicial deeds mere­ company in the state already as a mem­ not yet have a deed or be the record ly review and state the things that hap­ ber. owner thereof. His acts are good how­ pened in the case and an error in draw­ This is indeed a fine situation and ever in those states having recognition ing the deed, that is in making refer­ worthy of commendation. Illinois is of after-acquired titles providing that ence in the deed to anything that hap­ one of the several state associations he deeds by Warranty deed or acquires pened in the case does not invalidate having membership qualifications. The title by the same kind. An after­ the conveyance. It is the regularity principal one of these is the principal acquired title is not binding or recog­ of the proceedings and the confirmation one of many, namely, that each com­ nized unless the conveyances are by thereof together with the order of court pany belonging must have a set of General Warranty deed. to deliver the deed to the proper party books or indexes. There is some question at the pre­ that counts, and slight irregularities This means that they not only have sent time too relative to the showing of even in the deed itself do not make any everyone eligible, but also that the the amount of internal revenue placed difference. membership will probably not fall off. Everyone will keep on-for such a IF ADVERTISING WERE USELESS to implant themselves constantly on membership is valuable. In fact it is - WOULD THEY SPEND THIS the public consciousness. noticeable that there have been fewer MONEY? Henry Ford spent $7,000,000 last changes in the membership of the Illi­ Wrigley spends $3,500,000 or more year to sell his flivvers in addition to nois Association in the past few years every year to tell the public about the vast amount of favorable publtcity than any of the others. chewing gum despite the fact that he he acquires through his genius for that They certify the same number and has been telling them all about it for sort of thing. the same personnel of names to the many years past. With him, advertis­ The electric light and power indus­ American Title Association each year. ing is largely a matter of a few well try spends more than $4,000,000 year­ This is surely a satisfactory condi­ chosen wol'Cls set up in the right places ly in advertising. Much of this is ex- tion. 12 TITLE NEWS

Recent Court Decisions on Title Matters

REVERSION, WAIVER TO GRANTEE.-(KY.)­ LEASES-UNLAWFUL DETAINER-(MO.)-The un­ Where a deed is subject to a proviso that if the grantee lawful detainer statute authorizing double damages is con­ die.:; without children the land i:: to l'evert to the grantor stitutional. Stone vs. Wandling, 270 S. W. 315. or his heirs, the grantor can waive this condition and con­ CORPORAT'IONS-DISSOLUTION-(MO.) - Corpora­ vey the possibility of reverter (shifting reversion) to the tions can be dissolved by decree of circuit court upon appli­ grantee. (Brill vs. Lynn, 270 S. W. 20.) cation of holders of two-thirds of stock and the statute is EXE·CUTION-EQUITABLE INTEREST.-(KY.)-In constitutional. Dorris vs. Colburn, 270 S. W. 339. Kentucky an equitable interest cannot be taken on execu­ QUIET T'ITLE-EQUITABLE RELIEF-(MO.)- tion but must be sued for in an equitable action. (Evans Statutory 'suit to quiet title can include relief in equity be­ vs. Wheeler, 270 S. W. 42.) cause of mutual mistake. Hunt vs. Hunt, 270 S. W. 365. TIMBER LANDS-REVERSION.-(ARK.)-A war­ CONTRACT OF SALE-APPROVAL-(MO.)-Where ranty deed of a tract of land to a Box Company "To Have an agent's earnest money contract is conditioned upon the and to Hold to it and its successors and assigns forever­ owner's approval, it is not binding upon the owner until t.he grantee to use said land for the purpose of cutting approved. Woerheide vs. Schollmeyer, 270 S. W. 371. timber and upon abandonment to revert to grantors and DESCRIPTION-OWNERSHIP-(MO.)-The fact that their heirs" does not convey an indefeasable fee, but title a mortgagor owned and lived in a certain house, and no will revert to grantor when timber is cut. (Alexander vs. other property, can be uaed to locate a description that is Morris, 27 S. W. 88.) ambiguous because of conflicting lot numbers on plats. Miller vs. Halleran, 270 S. W. 427. HOMESTEAD-MORT'GAGE.-(TEXAS)-The Texas law against mortgaging the homestead is sometimes avoided CORPORATIONS-EXPIRATION-MO.- A contract by cop.veying to the lender by warranty deed and taking or deed executed by a corporation, after its charter has ex­ back an agreement to re-convey. This method was upheld pired or has been forfeited, is good because the president when the proceeds were used to take up a former mort­ will be construed to be acting as trustee for the stockhold­ gage. (Gartmann vs. Brannon, 270 S. W. 255.) (Civil ers. (Automatic v. Star, 267 S. W. 888-mechanic's lien.) Appeals.) DEEDS-QUITCLAIM-MO.-A mere quitclaim deed WILLS-PROOF AFTER SALE BY HEIRS.­ by an heir does not pass the interest afterward inherited (TENN.)-There is no limitation in Tennessee upon pro­ by him; but a quitclaim deed of "all interest that he may bating a will, but if not probated until 19 years after the acquire in the future as heir of" the ancestor, is a good death of testator, it will not defeat the fee title of an inno­ conveyance of the expectancy. (Inlow v. Herren, 267 S. cent purchaser who previously purchased from an heir who w. 893.) was given only a life estate in the will. (Wright vs. Eakin, WARRANTY-MARRIED WOMAN-MO.- While a 270 s. w. 992.) married woman was not bound by her warranty before ACCRETION AND AVULSION-(ARK.)-A gradual 1905, her conveyance of an expectant interest as heir was change or accretion in a navigable stream changes lines ot' good. (Inlow v. Herren, 267 S. W. 893.) DEEDS-ESTATE TAIL-MO.-A deed to a person ownership of riparian owners, but a sudden change or "and his bodily heirs during their natural lives," was held avulsion does not. (Desha vs. Erwin, 270 S. W. 965.) to create an estate tail in the first taker, which is con­ MORTGAGES-SUBROGATION-(MO.)-A junior en­ verted by the statute into a life estate in him with con­ cumbrance holder who is not liable personally on the first tingent remainder to the heirs of his body in fee simple. deed of trust, and who advances money to pay said first Inlow v. Herren, 267 S. W. 893.) deed of trust, becomes subrogatcd or entitled to the lien of ACCRETIONS-ISLANDS-MO. - Accretions to the such first deed of trust, which is considered as assigned to bank o:f a navigable stream belong to the bank owners, him and not as paid. C~utts vs. Swan, 269 S. W. 1.) but islands, accretions to islands, and the dry river bed belong to the State for the use of the schools. (Cullen v. LEASES-RE,PAIRS-(MO.)-A lessor need not make Atchison County, 268 S. W. 93.) i·epairs unless he expressly agrees to do so, and an agree­ QUIET TITLE-MULTIFARIOUSNESS-MO.-A suit ment by the lessee to make "all repairs other than those by the owners of several tracts, to quiet the claim of an due to windstorm" is not a covenant by the lessor to replace adverse claimant, is multifarious and void, but all the own· plate glass broken by windstorm. Insurance Co. vs. Ridge­ ers can quitclaim to one of their number and a suit by wood, 269 S. W. 659. him is good. (Cullen v. Atchison County, 268 S. W. 93.) INSURANCE-SUBROGATION-(MO.)-A clause in MORTGAGES-IND.-Where husband and wife are an insurance policy, that the insurer shall be .subrogated to each owners of an undivided one-half interest in a mort­ all rights the insured may have against others is void. In­ gage and the wife did not release her interest therein held surance Co., vs. Ridgewood, 269 S. W. (app.) 659. (This that satisfaction of mortgage by husband in no way af­ • appears to be contrary to 74 app. 106 and 149 Mo. 165.) fected interest of the wife. DESCENT-DEBTS-(MO.)-Upon the death of an Assignment of notes secured by mortgage held to oper­ owner of real property, it descends immediately to his heirs, ate as an equitable assignment pro tanto of mortgage; but who can thereupon seil or mortgage it. Such sale or mort­ without any assignment of record, a release by mortgagees of the mortgage would operate as a release of the interest gage is subject to the lien of debts and is cut out by an of the assignees o:f the notes as to anyone who had no administrator's sale in the Probate Court to pay debts. knowledge of the equitable assignment. (Anderson Bank­ State vs. Doud, 269 S. W. 923. ing Company v. Gustin, and others, 146 N. E. 331.) EJECTMENT DES.CRIPTION-(MO.)-A decree in an VENDOR AND PURCHASER-OHIO-Where a writ­ ejectment suit must describe the property so it can be lo­ ten contract of sale of real estate is silent as to the char­ cated on the ground. Jones vs. Eaton, 270 S. W. 105. acter of the title to be conveyed, the purchaser is entitled SPECIAL TAX-LIMITAT10N-(MO.)-Demand for to demand a marketable title. payment of first installments of special tax bill does A marketable title imports such ownership as insures to not hasten the running of the period of limitation (which the owner the fee simple enjoyment and control of the in this case 2 year::; from due date of last installment). land as against all others. (McCarthy v. Lengham, 146 Bates vs. Hirsch, 270 SW 141. N. E. 64.) TITLE NEWS 13

ARKANSAS ASSOCIATION ADOPTS TITLE ASSOCIATION ASSISTS covered by the minor classification CODE OF ETHICS. IN ESTABLISHING CLASSIFICA· Real Estate Loan and Trust Service The following very commendable TIONS FOR TITLE M E N IN under the major classification of Fi~ nance. Code of Ethics has been adopted by the CLASSIFICATION CLUBS. That this classification should Arkansas Title Association: not be filled by an executive of a con­ cern doing any savings or commercial Code of Ethics for the Should Be Three Openings For Title Arkansas Land banking business whatsoever. This is Title Association. Men. based on the fact that the various de­ SERVICE-We believe that service partments of a general banking Some correspondence con­ is the foundation of success, and that has passed in cern, such as the savings department, the past few years between the Execu­ Title Men should consider, first, how to the trust department, and the invest­ tive Secretary's Office and various render the best service to their clients· ment banking department, and so members of Classification on, and, second, an adequate remuneratio~ Clubs, Ro­ are not recognizable as separate con­ tary, Kiwanis, Lions and the others for that service. cerns or businesses, and the club should relative to classifications ACCURACY - Absolute accuracy and opening~ not, therefore, attempt to set up sepa­ for title men in such organizations. should be the first consideration not rate classifications covering the. activi­ This matter has only in abstracting instruments and been taken up with ties of such departments. proceedings from the records, but in the Classification Officers and Commit­ compiling the data for intelligent ex­ tees of the various ones, with the re­ amination. sult that a decision has been reached. ILLINOIS EXAMINERS FORM EX­ CONFIDENCE - All Title M e n The following has been adopted by AMINERS SECTION should know that their business the Rotary Clubs Headquarters and TO THE is STATE ASSOCIATION. base~l on the confidence of the public, will be presented to the others. ' and m order to elevate the business to Under this scheme there would be At the 1925 Annual Convention of the highest standing in the business three legitimate openings in each club the Illinois Abstracters Association the and professional world, should stand for title men. The decision reads as Title examiner members thereot' or­ ready to acknowledge actual errors and follows: ganized a State Title Examiners Sec­ tion thereof. repair any loss sustained through his Real Estate Title Insurance. error. R. Allan Stephens of Springfield was That Real Estate Title Insurance is HONESTY-The examination elected President, C. E. Kagey of of a a logical minor classification which title being based on the abstract Champaign, Vice President, Paul W. the should be placed under the major Title Men should bear this Gordon, Springfield, Secretary-Treas­ fact in ~ind classification of Real Estate. That this and honestly show all that the urer_; J. Edward Filson, Champaign, record~ minor classification, however, should be reveal without fear or Chairman of Committee on Rules and favor. opened only for an otherwise eligible COOPERATION - The principal R~commendations, Walter L. Cohrs, representative of a concern whose capi­ part of Title Men's business coming Firs~ Trust & Savings Bank, Chicago, tal and facilities are devoted exclusive­ from banks, attorneys, real estate Chairman of the Executive Commit­ deal­ ly to the business of insuring real es­ ers and men who lend tee. money it is es­ tate titles and guaranteeing real estate sential that the friendliest 'relations This is an innovation and move that mortgages, and that it should not be s~ould be maintained with may be watched with interest. Many these profes­ opened to those concerns doing a gen­ s10ns, and co-operate state associations have had with them to the eral banking or general abstracting the forma­ fullest extent. tion of such a branch in contemplation business. Since the business of ab­ ONE PRICE-Discounts rebates f~r sev~ral years but never stracting and that of real estate title accom­ and. commissions to some being· plished i_t. Much could undoubtedly be cli~nts, insurance are frequently combined in equ;valent to a reduction in price, accomplished by such an auxiliary com­ it is practice, the Committee agreed that agamst the best interest of the Title posed of the examiners of a state where it seemed advisable to cover . Men and unfair to their other clients both of them with one minor classifica­ Illinois, however, has an advantage to have other than one price to all. ' tion, the term Real Estate over some of the other states in that CIVIC INTEREST-We Title Service believe that .ihould be used. there are many examiners members of every Title Man should have an active The committee later recognized that the state title association and most of and loyal interest in all that relates to it was not necessary to use the words them have belonged for a long time the civic welfare of his community and Real Estate in connection with the and been very active in its work. that he should join and support the minor classification terms used . The names of all of the men men­ local civic commercial bodies to cover the title business, and recommended tione~ abov~ who were elected officials AUTHENTICITY-The v~lue of an t?at the . standard terms covering of _this section are familiar ones-ex­ abst7act depending largely upon the in­ the ti~le busmess shall be: Abstracting, amm_ers who have worked with and for tegrity and competency of the person Title Insurance, Title Service the mterests of the title associations making the abstract and the accuracy (this one covering the entire field). both state and national ' and completeness of his abstract plant Thi~ move and inauguration of an Real Estate we deem it unfair and dishonest t~ Loan and Trust Business. Exammers Section to the Illinois Ab­ copy or certify to the work of another· That the business of a concern s~racters S~ction. is a further expres­ and upon this hinges the welfare of handling real estate loans and offering sion of the1~ desire to give their best the abstract business. to the public a trust service should be efforts and mterests to title activities.

Eagle River Canon ' Colorado, on Main Line Denver & Rio Grande Western Railroad 14 TI'fLE NEWS TITLE NEWS tention paid to the abstract or the title. At any time however there a.re al­ Monthly Publication of Had not old Bill Jones owned that place ways those people who try to get by for years? without an abstract. Sometimes they The American Title Association Then too, many was the case where are the buyer who will look up the records himself Publlabed monthl:r by Kahle Brothen Compan:r the buyer, his attorney or the "real es­ or pester the county aa the ofllclal or&'an of the American tate man" searched the records, or officials asking them about the taxes, Title Aaaoclatlon. looked it up themselves. the judgments against the owner, and Publication Office Mount Morria, Ill. But the good times and high pres­ the recorder as to what his books show. EDITOR The "real estate man" who is his Richard B. Hall,...... - ...Hutchlnaon, Kansas. sure business of a few years ago, the The Hall Abetract Company exacting requirements of examiners, clients' god-father in all things, will Entered as second class matter, December and the great increase in numbers of draw his papers, act as escrow agent, 26, 1921, at the post office at Mount Morris, Illinoi1. under the act of March 8, 1879. real estate owners and borrowers on pass on his title, go to the records and OFFICERS real estate security changed the whole search it out and advise both buyer and Frederick P. Condit, President, New York City title business. Abstracts were made seller, and who out of the goodness of Title Guar. & Trust Co. 176 Broadway. a Henry J. Fehrman, Vice President ...... ------more complex thing-title insurance his heart is saving his client money ·········-····-·········-···-·-·····-·· ...... Omaha, Neb. was instituted in the cities and many by making it unnecessary for him to Peters Trust Co. . J. W. Woodford, Treasurer ...... Tulsa, Okla. places. have an abstract "fixed" or be to the Title Guarantee & Trust Co. expense of having it examined. Richard B. Hall, Executive Secretary ...... - ...... Additions and new towns were laid ...... Hutchinson, Kas. out-building campaigns started. With these is the lawyer who will Hall Abstract & Title Co. bring a quiet title suit, a foreclosure Executive Committee. Titles were attacked, the movement Henry J. Fehrman, Chairman, in land brought the old abstracts out of a mortgage, a partition or anything Frederick P. Condit, Ex-officio. without having the abstract brought to J. W . Woodford, Ex-officio. of the kitchen safe. Oil fields were Donze! Stoney ...... San Francisco, Calif. developed and here too the title was date-either taking his client's word Title Insurance & Guaranty Co. for things or searching the records him­ Goldin&' Fairfield ...... Denver, Colo. the whole thing. Title Guaranty Co. The insurance departments, and the self. Geor11:e E. Wedthoff ...... Bay City, Mich. banking commissions as well made re­ Familiar too is the attorney who Northern Title & Trust Co. P. W. Allen ...... Greeley, Colo. quirements about having good title and makes copies of the files in a case, then Weld. Co. Abstract & Inv. Co. good evidence thereof for the real es­ presents them to the abstracter telling J. P. Durkin ...... Peoria, Ill. Title & Trust Co. tate loans of insurance and financial him to just fasten them to the abstract M. P. Bouslog ...... New Orleans, La. institutions. These old titles that had and he need not make an abstract of Union Title & Guarantee Co. J. M. Whitsett ...... Nashville, Tenn. been handed about from yea.r to year them, or will even ask the abstracter to Guaranty Title Trust Co. were scrutinized and while good in the­ certify to said copies and be a good Walter M. Daly ...... Portland, Ore. Title & Trust Co. ory and supposition, did not make a fellow accordingly. Title Insurance Section. pretty picture on paper. The mer­ Donze! Stoney, President .. San Francisco, Calif. And thus has the peculiar times of Title Insurance & Guaranty Co. chantable title became the thing, not the past few years brought about the W. J. Davis, Vice President .. New Orleans, La. the actual title. retu~n of Atlanta Title & Trust Co. such things to some extent, Wellington J. Snyder, Secretary ...... As a result the title business, par­ carried us back to the old days when ...... - ...... Philadelphia, Pa. ticularly the abstract part of it was such was the custom to a la.rge degree. North Philadelphia Trust Co. Title E xaminers Section. carried on a high wave. The abstract As a result things are only being Goldin11: Fairfield, President ...... Denver, Colo. became a real product of knowledge, "balled up." These quiet title, fore­ Title Guaranty Co. Geo. M. Luther, Secretary ...... Jackson, Mich. skill and completeness. closure suits and others did not get The abstracter in most every com­ everyone in as a defendant that should J ULY, 1925. munity now can reflect back a few have been. All the ground was not cov­ years ago and remember the number ered. These record searchers did not of new abstracts he made--the number catch everything and as a result more of the old ones brought to him for com· suits to quiet title, more affidavits, more Editorial pletion. These were examined by the corrections of title are necessary. Entries modern exacting examiner-there were The real estate man, broker and many requirements and court cases, friend who advised his client and neigh­ " YE CHANGING TIMES." and the title was "perfected"-modern­ bor to go ahead and just buy the place ized and the things of the past made is being blamed for something that has We can all sigh and think of the to look good on the record and show a been brought to light and the one who good old days a few years ago imme­ nice paper title. is stung and paying the bill forgot that diately after the war when business And reflection on things today will it was merely a favor then, he can was considerably out of normal, money bring a realization that now the ab­ only condemn now. was easy, prices high and everyone stracts brought to the abstracter are The bank or second mortgage man seemed to delight in spending. People not the old makeshift ones, but these who took junior pa:(>er for security or seemed to have lost all notion of ever ones he worked on a few years ago, a deed to the place without an abstract objecting to expense, believed in doing that there were the requirements on to guide him finds someone else also things in the customary way and pay­ and that the title was fixed up in pretty had a mortgage on the property, or ing for it without a murmur. Every­ good shape. There is not much to do there was a judgment against his man one was busy and believed in doing his to them now but extend to date. and an execution is levied on the prop­ work, letting the other fellow do his Then a wave of depression and a erty. It has gone down in value and and when one needed a thing, just had slowing up of business-the adjust­ there is nothing he has but a deficiency it done by the one in that business and ment, the liquidation and other nice judgment against a judgment proof paid his bill accordingly. names were used for it-but it was just debtor. Several years ago more or less in all a time of bum business. But there is always good from any places, but particularly so in the smal­ Such a time always brings certain adversity, and things like these happen­ ler communities, there was a wide dif­ things-in every business and there is ing in the past few years have awak­ ference in what constituted an abstract. a tendency on the part of people to ened people to the fact that there is An abstract was merely a chain, a brief skimp, to try the makeshift, to get by only one way-the right way and the of brief things. Rarely did the ab­ on anything that will do and costs noth­ pendulum will swing the other now artd stracter put on court proceedings unless ing or but little. bring more careful business methods. specifically instructed to do so. Ab­ Such a time also brings trades in real Any business has such experience, stracts were not examined carefully estate instead of cash deals. There are ours is no exception. It cannot be per­ sometimes, and many was the deal be­ lots of second mortgages and deeding fect. They all have the shopper, the tween friends when just the deed of real estate subject to a mortgage as fellow who wants a "copy" or "quan­ passed between them and not much at- security for an additional loan. tity" price, or a little discount or re- TITLE NEWS 15

duction from the marked figure, etc. The real lawyers and real estate tell you that they can serve you as People are gradually learning how­ brokers, bankers and loan agents re­ well as the PHOTO ABSTRACT COM­ ever, that the title to a piece of real quire things done right, hesitate to ad­ PANY-That's Nerve. estate is about as complicated and in­ vise their clients and have them depend Everybody who is posted and appre­ tricate as a watch and needs the care of upon their personal opinion-rather ad­ ciates the value of an up-to-date Ab­ an expert and one who knows some­ vise them to go to those who are qual­ stract deals with us.-Th•at's Common thing about it. ified. Sense. They are learning more every day to Business conditions bring about the do it the right way-it is cheaper in situations in business-the ironies-the seriousness, the humor, the things that Ed Wyckoff, of the Fidelity Union the end. They are learning to respect make for advancement. Title & Mortgage Guaranty Co., New­ the evidencing of title and the one who One in business must have enough ark, N. J., sends a card with the fol­ prepares the evidence. They are realiz­ sporting blood in him to ride with them lowing printed on it: ing that the title and not the dirt and -to go along in the fall-to make the " 'Tis well to read your title clear to building thereon is the security for best of things and be on his mettle to mansions in the sky, their hard earned money or what they combat all distasteful situations as well For then you're sure you own a place get when they buy real estate. as enjoy the pleasing ones. to rest in bye and bye; But don't you think that while you're here to meet your present need, You'd better bring your earthly one THE MISCELLANEOUS INDEX and have it GUARANTEED?" Being a review of interesting matters presented to the The Real Estate Abstract Co., Tole­ Secretary's office do, Ohio, (Arthur Longbrake's Com­ pany), issued a valuable blotter. It shows six new laws passed by the re­ Clinton I. Evans, Title Officer of the Land Title Abstract & Trust Co., cent Ohio Legislature affecting and sim­ Land Title Guaranty Co., Camden, N. Cleveland, issues pamphlets containing plifying real estate titles. J., offers a mighty fine suggestion and a digest, an explanation of new laws, idea. Mr. Evans says: or a point of law on a title question Edwin W. Sargent, Grand Old Title "Almost every day we see on the fi­ as decided by the higher court. These Man, H eads T. G . & T. Company. nancial page of the daily newspapers are distributed to members of the bar, Edwin W. Sargent, often referred to an advertisement for the sale of bonds brokers and others interested. as "the father of the legal-title busi­ secured by mortgage on some office, One recently issued was "Dower in ness in Los Angeles," May 6, 1925, apartment or industrial building. Each Permanent Leaseholds," which decided was elected president of the Title Guar­ of these advertisements carries promi­ a point relative to 99 Year Leasehofds. antee and Trust Company. He was a nently the words, 'Legality of this is­ Such things are not so much an ad­ founder of that institution and also sue approved by Messrs. ---, At­ vertisement as they are an aid and ben­ of the Title Insurance & Trust Com­ torneys Appraisal of the Property by efit to those interested and involved in pany and of the Los Angeles Abstract Messrs. ---.' But nowhere in any real estate and title matters. Company. of these ads do we see the words, Mr. Sargent takes the place made 'Title to the mortgaged premises in­ Talbert Taylor, Manager of the vacant last month by the death of Les­ sured by --- Title Insurance & Photo Abstract Co., Miami, Okla., is a lie C. Brand. Ever since the company Guarany Co.' Would it not be a good strenuous believer in advertising. He was founded in 1895, Mr. Sargent has thing for both the title company and recently issued a little slip as follows: been vice-president. A. F. Morlan, the fiscal agent and should not the The Difference! who has been second vice-president and title company insist upon the same pub­ for twelve years manager, was ad­ licity given the attorney and th Tennyson or Longfellow could take e ap­ vanced to fill the vacancy left by Mr. praiser?" a worthless sheet of pa·per and write a poem on it and make it worth $10,000 Sargent's advancement. Albert Schuck, We would say yes, and it would be a title officer for eighteen years, was fine thing to have such a statement -That's Genius. There are some men who can write elected to the directorate vacancy left made relative to the insuring of the by Mr. Brand's death. title. It would advertise the title com­ a few words on a piece of paper and pany and title insurance generally. It make it worth $10,000,000-That's Mr. Sargent was born 77 years ago would more so be a better thing for the Capital. in Oregon, Wis. He was graduated fiscal agents-simply an added feature The United States Government can from the University of Wisconsin in to the security of their offerings. take an ounce of silver and make it 1868 and from the University of Iowa worth 100 cents-That's Money. law department in 187 4. He first prac­ A Mechanic can take material worth ticed law in Denison, Iowa, and then Most states provide that instruments moved to Atchison, Kan., whence he affecting real estate, particularly leases $5.00 and make it into w•a tch springs worth $50.00-That's Skill. came to Los Angeles 39 years ago. and contracts, cannot be recorded or entered for record if not acknowledged. There are several ladies in Oklahoma The certificate of title used in real There is, of course, a reason for it, who can take a 50 cent piece of can­ estat e transactions here today and for several in fact, but one in particular vass and make it worth several hundred the last twenty-five years is said to be dollars-That's Art. and a very old one came as a pre­ virtually the same as was created here ventive measure to keep such things A merchant can take an article by Mr. Sargent in the early days when as pencil preliminary sale contracts, worth 75c and sell it for $1.00-That's he is credited with having brought ord­ Business. "curbstone" deal memorandums, jotted er out of chaos in the real estate title down on an old envelope or piece of A woman can purchase a $2.50 hat, business in Los Angeles. paper and other such things from be­ but she prefers one worth $25.00- The Los Angeles Abstract Company That's Foolishness. ing "slapped" on record and thereby was established by Mr. Sargent and making questionable points and things A ditch digger works ten hours a others in 1887, and was said to have on record. day and handles several tons of earth been the first institution to provide for $2.00-That's Labor. authoritative titles at reasonable prices. We could write our check for It is credited with having effected a Every now and then some title com­ $1,000,000 but it wouldn't be worth a complete change in practices of the pany presents not only an unique but dime-That's Tough. kind in that day. In 1894 it was re­ very valuable advertising stunt. The There are other Abstr·actors who will organized into the Title Insurance and 16 TITLE NEWS Trust Company, and a year later Mr. form adopted and approved but it was place cannot be filled by a substitute. of withdrew from the new com­ done at this year's meeting. Hard work will not take the place Sargent tact, or an pany and organized the Title Guaran­ The basic wording and form of the judgment, thoughtfulness, to these, how­ and Trust Company. certificate is adaptable anywhere in the earnest purpose. Added tee successful In honor of his election, Mr. Sargent state, and could of course be amended ever, it always means a provided luncheon for each of the com­ to include certain things that might career.-[ Service. pany's employees. be necessary in cert3in localities, such as special courts or other things. A SURE CURE. Following each session of the Legis­ The progress of this can be watched Take one reckless, natural-born fool; lature, the Santa Cruz Land Title Co., wtih interest. This certificate will of two or three big drinks of bad liquor; Santa Cruz, California, prepares an in­ course be tendered to loan companies a high-powered fast motor car. formal digest of the code amendments and others, some of whom are now Soak fool in liquor, place in car and is insofar as they are of interest to title requiring their own forms. There let go. After due time, remove from companies. They were of such value no reason, however, that these com­ wreckage, place in black satin-lined of to their own company that they panies should not drop the idea box and garnish with flowers.-[Cou­ uniform thought it would be well to distribute their own and accept this gar's Paw. the ab­ copies to attorneys, banks, realtors and one used and advanced by and defi­ You mean other title companies. This has been stracters. If it is complete Chief of Police: "What! for any­ a woman done and is an interesting and valuable nite, then there is no occasion to say that this fellow choked furnished cabaret in of advertising. one to ask or expect to be to death in a well-lighted form certificate. fifty peo­ The report is gotten up in a very with a special form of front of over a hundred and thing included in the cer­ Didn't anybody interfere?" attractive manner, and arranged to Another ple? tificate is the s tatement that the ab­ Cop: "No, Cap, everybody thought show the Section Number, the Subject stracter has a surety bond on file, in they were dancing." and the Nature of Change. One can full force and effect with the premium examine this report and get a very paid, and that the abstracter has a com­ Fred: "Things are not what they comprehensive idea of the changes af­ plete set of indexes to the records in used to be." fecting titles. the office of the County Clerk, and John (sadly): "No. Wine, woman This company has also issued a very that the searches covered by the cer­ and song today means wood alcohol, booklet entitled, "Modern attractive tificate are made from the records, and and "Nearer My Goel to Thee." Explained," which tells a nurse Title Service not confined to the indexes thereof. short, understandable story of modern Fish: "Sorghum made a long speech and the facilities of the title service over the radio last night." company. We sometimes hear of people who work themselves to death, just as we Goof: "What did he talk about?" hear of ghosts and man-eating sea ser­ Fish: "He didn't say." One of the Easter 1 companies like­ pents. And all the time we know wise reports the following los es for "there ain't no such thing." Grace: "Eileen is very careful." 1924 only, and without any report of For one man who works himself to Agnes: "Yes, she carries walking salvage, which probably means that thC' death, 10,000 die from lack of exercise, shoes even when she goes horseback rid­ entire amount was a loss: over-eating, late hours, or avoidable ing." Taxes, assessments, water rates, worry. Fatalities from over-work or etc ...... $ 7,877.28 from hiccoughs are about equally rare. Business made up of hands and Restrictive covenants...... 10,629.25 Work develops; work stimulates; hearts, thoughts and heart throbs of an Questions growing out of sur- work strengthens; work lays a corner­ organization. Merchandise is merely 3,222.69 veys, encroachments, etc ...... stone in the success structure whose the stuff sold.-[Van Amburgh. Outstanding liens ...... 4,525.13 Easements...... 2,120.54 Examination errors ...... 297.81 Incompetency...... 320.33 Questions growing out of clos- Royal Gorge, Colorado, ings ...... 2, 42.41 on Denver & Rio Confirmation of title...... 2,825.95 Outstanding title...... 5,075.00 Grande Western Adverse claims...... 1,555.28 Railroad Miscellaneou Ii tigat ion ...... 9,644.67

Tot.al ...... $50,936.34 One of Interesting Trips in the Pikes Peak OKLAHOMA ABSTRACTERS ADOPT UNIFORM CERTIFICATE. Region in vicinity of Convention Also Contains Clause as to Character and VaHdity of Bond and That City Abstracter Has Indexes of Own.

The Oklahoma abstracters, members of the Oklahoma Title Association, have adopted a uniform form of Cer­ tificate. This will be used generally by them over the state and is the re­ sult of about three years' work on be­ half of a committee appointed to pre­ pare and present such a form for adop­ tion. As might be expected, however, ab­ stracters are like lawyers, doctors and others, all for a thing but each has his own opinions and ideas. Therefore it took some time to get this certificate PIAHT MAINTENANCE AND RODUCTION COST J.E. ORHI'ON

For eome yea.re pe1t l hav8 be n oolleoting figures• making graphs, ohart1, etc., wlth reference to the oo t of produotion and plant Le.it June maintenance. l wae inveigled by the program conmdttee ot the lllinoia Ab1traot­ er1 Aesooiation to talk bout the r 1ulte of my inve1tigation tate before the convention. You know how those things are. The program oom:mittee geta bard up for talent t.nd they aooept oat anything that promises way out. &

My postit1on reminde me of the erioan playing f'amoua one ot the Sootoh golf ooruses for th first time. He was ha.vlng a lot trouble, elioinc or heJ"e, hooking ther•, and, in tact, he waa everywhere ex­ cept on the tairwa.19. Just a.a he ••• finishing the 18th hia oe.dJ.ys hole he 11,id to ttI don•t lib your oour•••" The caddy repliedt tty• ain't bin on · it yet."

that :la 1111 sahetion. A1 near e.s I know. no one this subj'eot he.a been on before, theref'ore, in or r to disprove what I 1a.y have to dig you Will down in your own records, thus acoo:mpl:l.1hing th& maln pu:rpote of this talk, which, after all, 1• to get the individual oone1der title man to the buaine1s aide ot the title bueinee1 to a greater ext•nt than 1• commonly done at the present time.

Aa near aa I know, or a.m able to find out. there ie no author• itatiTe data in exietenoe gotten up in suoh a manner aa to to be of a1si1tanoe the average title plant exeoutive in the ooneideration of produotion and maintenance ooet1.

there is a proteeeional aide and an bueineaa bu1ineas. aid• to the title oat of ue in our anxiety to get out euper1or work• oontine our efforts, our aotiv1tie• and our perior work• our thought• professional to the side and it we have any time or energy left wi h that we oould out our overhead or that oolleotiona were better.

We take juat pride in turning out a 50 page abstraot which we know 11 full• complete and aoourate from the first word of the oaption to the signature o.r the oertifioa.te. Yet how many of.' us oan coat of amlyae the that abstract. How much did 1t coat us for eaoh warranty deed shown ther in, or eaoh estate, or partition suit? Bow muoh did to ke it coat the chain1 How much did it ooet in plant maintenance? Bow much did it ooat to charge to the booic. and oolleot?

l think if we knew those things any of u1 would b8 aurpr11ed.

I realise. of course. that oonditions vary in •~ but with a ry community. little ingenuity the data whioh I present can be adapted to . meet molt local nditi ns •