New Britain Herald Newspaper, December 17, 1926, Page 5

FLORIDA'S LAND TITLES MUDDLED Courts Swamped With “Un- Scrambling” Snits Miam}, Fla, Dec. 17—Unscram- bling the tangled financial and property tifle mess that developed in the ‘Binder” period a year ago, in the refinancing and bonding per- iod a few months later and in the deferred payment default period of the last ten months now is occupy- ing practically the whole time of the courts and realty tribunals in Florida. Solid pages of “service-by-publi~ cation” summonses in foreclosure procedings are appearing in daily and weekly newspapers, in spite of the fact that a general policy had been adopted by the more substan- tial development concerns to extend time on deferred payments for lands | for a year or two at least. Real Estate Tangles. _ Most of the acttons now belng in- {stituted are not exactly what they jappear to be on the face of the title, attorneys say, Complatnants in a great majority of cases appear as the minor firms «nd corporations which sprang into being at the height of the boom and sprang out when the boom subsided. They left commitments to pay for tracts of land used for subdivision on one kand and deferred payments con- tracts of buyers on the other. Now the original owners of the tracts are trying to clear up titles to tl.eir property. Suits are started against the buy- ers to foreclose because of defaulted payments in the name of the con- cern which sold the lots. It may be years before property titles are straightened out if the present pro- cedure 1s followed, as the foreclo- sure actions in Dade county alone are said to be 15,000 to 20,000, though no aceurate figures are avall | able at present from the court rec- ords. Yegislature May Act. Tt is likely that the next legisla- ture will be asked to pass a statute under which it will be possible to clear property titles by affidavit and notice. The exact method has not been worked out as yet, but experts are engaged in framing a simple way to avoid the growing avalanche of court proccedings. The ‘service-by-publication’ phase of the foreclosure will, in the opin- jon of Florida lawyers, work no great hardship, for they hold prac- tically all those sults are against buyers who purchased proprety with a down payment as a gamble and who believed to some extent at least the salesman who promised to re- sell the property within ninety days at a profit. When at the end of ninety days the property was not resold the buyer would merely “for- get it” and take his loss, the Flori- dans assume. Suit At Law Necessary. The buyer being out of the plc- ture, however, does not affect the validity of the Nomadic cloud on the property title and to remove it sult at law is necessary. Most one-pay- mert buyers will never know or bother to find out what steps were taken to remove their equities, as personal service is scarcely ever at- tempted in these suits unless the de- fendant {s in the county or city where action is started. . Some, however, will know it when judgments for deficiency in fore- closure proceedings are forwarded to the “home towns” for collection. The question of foréclosure defi- clency judgments is just' now the subject of much discussion through Florida, as many leading Floridans are of the opinion that enforcements of payments upon notes and con- tracts given during the hectic boom | days will leave such a bad taste in the mouth of the northern portion of the country as to produce a de- trimental effect here for years to come. Others urge the right to ex- act the pound of flesh. Their logic is based on the theory that the boom times buyers were gambling and would have taken a profit, had it materialized, and therefore are in duty bound to take a loss when that has come. Hits At Pacific Coast. The wholesale foreclosure pro- ceeding further is justified in the | opinions of the realty fraternity by the general association that a “whispering campalign,” carried on in the north last December and Jan- uary, caused hundreds of thousands of note givers and deferred pay- | | ment buyers almost simultaneously | to withhold further installments. The situation brought about a sudden deflation in property values | and ruin to an army of sincere and | carnest property developers. The | identity of the conspirators who cxecuted such a tremendous cam- | | paign against Florida is rather | vague, but it is generally hinted that i it one went to the Paciifc coast hé | would not have a great deal of trou- {ble bumping into those who en-| gineered it. Not only in land titles is the un- scrambling process going on but | also in high finance circles, where | | much distrust has developed in re- cent months. Great Lakes Shipping Showing Some Pick-up Cleveland, 0., Dec. 17 (—Ship- | | ping on the great lakes, except as | affected by conditions pecullar to this year represents an increase over | 1925 according to George T. Marr, Secretary-treasurer of the Lakes Carriers’ association. Movements in iron ore, prelimi- nary estimates showed, will exceed | the 1925 figure of 54,081,298 tons, and grain shipments will equal those of last year, barring poorer crops than are expected, he said. Indications are, Mr. Marr sald, that coal movements on the lakes will be slightly lower than 1925, due to the English coal strike. |0ld Chinese Province | Bows to Modern Things Tientsln, Dec. 17 (P—Szechuan province at last is capitulating to modernity and is building highways. Funds for thelr construction were | obtained from the sale of unused temple lands. One of the most populous and wealthiest - provinces in China, it | long resisted the | modern ideas, The opposition of the | Szechuanese to the proposed great |trunk railway in the Yangtze valley, which was to have been built ome | | earth’s crust, introduction ot | | o NEW BRITAIN DAILY HERALD, FRIDAY, DECEMBER 17, 1926, EARTH TREMORS FELT HOURLY Some Where There Is An Earth- quake Recorded Washington, Dec. 17 () — The earth is not shaking any more than it used to, but people are noticing it more, This is the answer of Director Tondort, of the Georgetown Univer- sity Observatory, to the flood of in- quiries reaching him as to whether carthquakes are increasing in num- ber and frequency. Tremors Reported More Fully Because of the precision of instru- ments which record tremors, the public is informed constantly through their newspapers of dis- turbances of the earth’s crust in all parts of the globe. The lay bellef together 1s a result of this publicity. “The layman, unofficially inter- ested in the restlessness of the should know the truth,” says Dr. Togdorf. “The prob- lem of computin uake fre- quency was first Cally under- taken by Count dg Bfbntessus de Ballore, one-time diftétor of the Selsmological Observatory of the Government of Chili. In 1900, after a close analysis of the then available earthquake records, 131,202 in num- ber, he placed the annual average | shock every two hours and twenty- seven minutes. Violent Every Three Days Tour years afterward, Dr. August Sleberg, of the University of Jena, questioned the estimate as too low. A recalculation made by him in 1923 lifted the annual average fre- quency to 9,000, or about one every hour. Five thousand of these quakes he indicated as being felt sensibly on some part of the earth’s surface in varying intensitles, Violent quakes, classified by others a world- shaking, occur at intervals of every three and one-half days, either on the continents or on the ocean’s bot- tom. Those on land, however, av- erage every fifth day. “California, the least immune of all United States territory, is visited by a shock on an average of 81 times annually. The llability of one of these shocks being heavy is about elght-tenths of one per cent.” WAR DANCES AT OXFORD. Oxford, Dec. 17 (A—American In- dian war dances marked the first of- Binoculars, Field Gla EYESIGHT 300 MAIN STREET, 16 years ago, led to the revolution. 6 More Until Xmas e that the shocks are becoming close | at 3,830, equivalent to an earth | ficial reception to the group otl Useful Xmas Gifts Eyeglasses or Specs, Oxfords, Lorgnettes, Readers, Prim s, Pocket Microscopes, Pens, Pencils, Pair of Kryptoks, for your Pa or Ma. ' A. Pinkus Bhodes scholars who entered O: ford this fall. The dances were giv- en in costumes to tom tom accom- paniment by Karl Young, Rhodes| scholar from Utah, who had spent much time among Indians during the time he attended the Utah Agricul- | tural college. THO 0.1, T, HEN ARE EXPELLED Dragtic Action Follows Recent| Rioting Cambridge, Mass.,, Dee.’17.—Two | students at Massachusetts Institute | of Technology have been expelled, | | two suspended for a year, and 13| others disciplined as a result of dis- | | orders in connection with the cale- bratlon of field day at the institute on November 4. The men expelled were John L. Dodson of New York | and William E. King of Boston. In making public last night the| report of a faculty committee which | investigated the disorders and pre- | scribed the penalties, President Samuel W. Stratton expressed “deep | personal regret for any acts which | caused damage or inconvenience to | the public and brought discredit upon the name of Technology.” In a letter to the Associated Press, | President Stratton said: While I am confident that the | | whole affalr grew out of youthful | enthusiasm, and not from any wil- ful desire to cause damage or In- | convenience, nevertheless we who | have the good name of the institute | at heart wish to make it clear that destruction of property or inter- | fefence with the rights of others| | will not be tolerated in any degree. “Such an affair as the recent dis- turbance does not represent the true character of the etudent body at Technology. The students them- selves in manly straightforward | manner have made it clear that they {do not condone such behavior and | that they share with me .sinceruq‘ regret for all that occurred.” 1 Two students are suspended un- til the beginning of the next aca-| demic year when they will return on_probation. Eight are placed on probation, | and letters of censure will be sent [to them and to their parents. | Four are placed on probation. A | !let((‘r of censure has been sent to| {one student, and to his parents. | The state flower of Arizona is the Sahauro, the bloom of the giant | cactus, a large, waxen, white blos- som. s o e SPECIALIST PHONE 570. m.fl[ , | Aew Britains Shopping Center: La R W e Shopping Days ‘;‘,' / ‘(/{‘)/u\,‘: // December 23rd. ornamental. The gifts are now on exhibit at 282 V They will pitch their wigwam in Our Toy Dept. Everybody welcome. Third: A COUPON WITH EVERY PURCHASE THE BIG FEATURE—THE BEST FEATURE. We say thank you New Britain for your glorious and liberal patronage in 1926. To make our thanks concrete we will give $1,000 in the form of 50 valuable gifts to our;ustomegrs. SRR e , December 24th, at 2 p. m., Mr. T. F. Jackson ose who will receive these 50 gifts. These gifts will be distributed as in former years. On Friday, of the New Britain Herald will announce the names of th Saturday Is Circus Day featuring 3-Ring Circus First: SANTA CLAUS WILL BE HERE SANTA CLAUS !! The name conjures good feeling. What magic, what joy, what hopes, what dreams are confided to dear old Santa. This is a treat that every child in New Britain will enjoy. COME! bring yourself to this good store Saturday. ture of a pleasant surprise for the kiddies. Everyone welcome, Second: EDUCATIONAL TREAT BIG CHIEF SUN SHINE and his family, an added attraction for tomorrow (Saturday). . The Chief and his family will portray the mode of living of his ancestors. enlightening and educational to both old and young. The Sunshine tribe have formerly dispensed sunshine with the 101 Ranch. They the Government Reservation at Plymouth, Maine. i The tribe Sunshine will be with us Consider this your invitation. Besides Santa has something in the na- consisting of Squaw and two papoose named Debls and Malew, are Saturday at 2 p. m. and every other afternoon and evening up to Thursday lain street. See them—you will want one. They are useful as well as This will without question prove Bring the kiddies, have just come down from Can Christjas-be 4 " [' 7 MOTHER fices [éis? You can rest assured that HER Christmas will be “meme” if you give her the wonderful new Hoover. Why the Hoover? Because it is twice as efficient 6 , as any ' vacuum cleaner.’ Don't be deceived by the “‘almost as good” or the very much like the Hoover” cleaners. Give Her THE HOOVER ‘and You Give Her THE BEST HOOVER FEATURES Powerful and durable ball bear- ing motor. ; Requires no oiling. Ball bearings, motor driven, self- cleaning brush. This is a patented Hoover feature. An agitator that makes the Hoover an electric carpet beater; thereby antiquating all previous methods of cleaning. . One Small Payment and the Hoover is Hers For Christmas e Thees pring & Buckley ELECTRIC CO. 5-77-79-81 Church Street 7 Tel. 2240