The Birmingham age-herald., 1911-09-24
WILL N0T ABANDON VALUATION BUREAU Action of New Orleans Ship
 pers Is Not Correct c. s. HAIGHT TALKS Attorney for Liverpool Cotton Com mittee Gives Out Lengthy Inter-
 view Declaring Bankers Re-
 jected Bureau Rashly
|C. s. HAIGHT TALKS

New York September 23-The central bureau for the validation of cotton bills of lading, recently established in this city
 for the prevention of frauds in connee- tion with forged bills, will not be apan- doned, despite the recent rejection of the plan by conference Of shippers in New Orleans. Charles s. Haight. attorney for
 the committee of Liverpool cotton buy
 CTS, on his return from New Orleans
 said today that the action of the New Orleans meeting did not fairly reflect the
 opinion of southern shippers. Of the 5C or more shippers and bankers who at tended the meeting, he said only II voted
 to reject the plan while the others re-
 fused to go on record, either for or
 against it.
 "The answers received from shippers,
 in reply to letters sent out to them eX-
 plaining the new rules and the advan-
 tages to be obtained therefrom," said MT,
 Haight, show an overwhelming majori-
 ty in favor of cooperation.
 "The faculties of the central bureau
 are at the disposal both of shippers
 and of exchange buyers and they have been so advised. but those who do not
 wish to avail themselves of the facili- ties offered and insist upon trying To
 keep alive the old, loose and risky
 methods have complete freedom of ac- ton. In contrast to the attitude taken by the Liverpool committee, II men, representing less than dozen or the
 many hundreds of shipping points in the many cotton states, assembled in New Orleans for the avowed purpose of
 opposing reform, have undertaken to say that if they can help it, they will not allow shippers to cooperate wheth-
 CT they desire to do so or not That
 sounds somewhat like dictation.
 "The New orleans opponents of the new rule have reiterated again and again the statement that 1t Is unneees sary to take any precautions against forgery. With nothing to suggest of a constructive character. they content themselves by expressing their deter imitation to oppose the central bureau
 plan not only by refusing to comply with the requirements thereof, but by organizing among their several con stitucncies a militant resistance to the proposed reflection upon the rights of the southern cotton trade. The ship pers and bankers can speak only for themselves, however loudly they may speak The interior shippers, to whom a railroad through bill Is vital neces- sity, will appreciate the fatal injur; which would be done them If New Or leans could prevent safeguarding
 gainst forgery, and the European in- terests should. for that reason. carr into effect their statement that. with ort some safeguards, through bills ot lading must be discontinued.
 'The interior shippers will see theif own salvation, and are seeing 1t. in the
 sro oessful operation of the new ruler and they will express their willingness to cooperate in greater numbers every day sg "it will not take long for the commit tee and the European buyers to ascertain exactly who those shippers are who arc willing to cooperate. When that infor-
 nation has been obtained we shall be able | to quiet down and the cotton shippers who are so violently opposed 10 safe 1 guarding American and European bankers 1 and European buyers against forgery l can sell their cotton to American spin
 ners, while those who do not feel insult
 ed by being requested to help keep the | forgers out of the trade, can sell to tne
 European spinners and everyone will be happy, and better still, everyone will ! be safe