The Romance of the RanchosConner, E. Palmer (Edmund Palmer)
History
The Romance of the Ranchos
Conner, E. Palmer (Edmund Palmer)
Land grants -- California -- Los Angeles County; Los Angeles County (Calif.) -- History
Although founded in 1893, the Company’s records are much older than
that, for they cover the period from the early Spanish days to the
present time. The history of every parcel of land in the County is
recorded in the books and maps of the Company’s title plant, and in its
old records safely stored in its archives vault.
This great store house of real estate information, called the title
plant, is the Company’s most valuable possession. It is from these
invaluable records, many of which are originals, that the material used
in compiling “The Romance of the Ranchos” has been derived.
This real estate information has been indexed and classified so that the
Company’s examiners may find the necessary information in the least
possible time. Millions of dollars have been expended in creating this
great plant which is not surpassed by any in the nation.
Great as has been the cost and the amount of labor expended—this title
plant is not finished—it never will be finished.
Each business day of the year 1500 to 2000 documents affecting Los
Angeles County real estate titles are filed in the Recorder’s office and
by 11:30 p.m.—on the day of filing—all have been “posted” on the
Company’s books.
Much of the “posting,” much of the map making in the title plant has no
connection with present orders. Some of the work done today may be used
tomorrow, some of it may not be used for many years. An important part
of the personnel in this great business machine, which we call the title
plant, is engaged solely in the preparation for future work.
But when the call comes, the plant is ready.
This plant was created to give the people of Los Angeles County accurate
service in the searching and insuring of titles. It serves
owner—buyer—lender—borrower.
From this plant, the Company issues policies of title insurance
protecting the ownership of real property. Step by step, these policies,
through a series of improvements extending throughout the entire history
of the Company, have been developed into the highest type of title
protection offered anywhere.
ESCROWS
The modern escrow system was originated by this Company. It was designed
to make real estate transactions convenient and safe. A highly trained
personnel and complete and convenient facilities provide efficient
service to buyer and to seller.
TRUSTS
The Company acts as executor and trustee under wills, as administrator
of estates, and in all other trust capacities.
It offers at a nominal cost an “all-inclusive” declaration of trust,
which is exceedingly flexible. Life insurance policies may be placed in
this trust, thereby protecting the beneficiary from loss, and to this
trust from time to time there may be added real or personal property.
Public-domain text, read in full here on John Shaqi.
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