The Sentinel=record., 1911-09-24
ID MAINTAIN
 THE BUREAU
NEW YORK BROKERS AND BANK FRS WILL NOT REJECT THE
 LIVERPOOL COTTON PLAN
Returning Member Says Only Only Seven Southern Men Voted to Reject the English Plan of
 Validating.

New York Sept 2S Central Bureau for uhe Validation of Cotton Bills of Ladng. recently establish led iH this city for the prevention of frauds in connection with forged bills Twill not be abandoned despite the recent rejection of the plan by a con- ference of shippers in New Orleans
 Charles s. Haielht, attorney for the committee of Liverpool cotton buy CTS, on his return from New Or leans said today the action of tho New Orleans meeting did not fairly reflect the opinion of southern ship pers. Of the fifty or more shippers and bankers who attended the meet ting, he said. only eleven voted to reject the plan while the others re fused to go on record, either for or against it.
 The answers received from ship pers in reply to letters sent out to them explaining the new rules anl the advantages to be obtained there- from, said Mir Haight, show an overwhelming majority in favor of co operation.
 "The facilities of the Central Bu- Ireau are at the disposal both of ship Ipers and of exchange buyers. and they have been so advised but those who do not wish 10 avail themselves of the facilities offered and insist lupon trying to keep alive the old, loose and risky methods. have com lplete freedom of action. In con- ltrast to the action by the Liverpool eommittee, eleven men represented less than a dozen of the many hum dreds of shipping points in the many cotton states, assembled in New or leans for the avowed purpose of op-
 
 opposing the form, have undertaken to say that. If they can help it. they will not allow shippers to CO., operate whether uhey desire to do so or not. That sounds somewhat like dictating
 The New Orleans opponents of the the new rules have reiterated again and again the statement that il is unnecessary to take any precautions against forgery. With nothing to suggest of constructive character. they content themselves by express ing their determination to oppose the Central Bureau plan, not only by re- fusing to comply with the require- ments thereof but by organizing among their several constituencies a militant resistance to the pro3csed reflection upon rights of the south- ern cotton trade. The New Orleans shippers and bankers can speak only for themselves. however, loudly they may speak.
 The interior shippers, to whom railroad through bill is a vital ne- cessity will appreciate the fatal in jury which would be done them if New Orleans could prevent safe- guarding against forgery and the Eu- lropean interests should for that req son carry into effect their statement that without some safeguaras through bills of lading must be dls- continued
 The interior shippers Ewiillll Ewiillll see thhels avn salvation and are seeing t in the successful operation of the new rules that they will express their willingness to cooperate in greater numbers every day
 Tt will not take long for the com mittee and the European buyers to ascertain exactly who those shippers are who are willing to cooperate. When that information has been op- tained we shall all be able to quiet down the cotton shippers who are so violently opposed to safeguarding American and European bankers ane European huyess against fosg ery can sell their cotton to Amerf- lean spinners; while those naio don't feel insnlted by being requested to help the forgers out of the trade. lean sell to the Enropcan spipnars and everyone will he happy and bet Her still. everyone will ae safe.