The Sentinel=record., 1911-09-19
irms of doubtful standing. Be it

Ahl An0A
 Resolved. That 1t is the sentiment of the interests here represented that they will oppose the said central bu- reau plan not only by refusing to comply with requirements thereof, but by organizing among their several constituencies militant resistance to the proposed reflection on honor of the southern cotton merchants and upon the rights of the southern cot ton trade.
 "Wexler Sol Wexlers chairman, New Orleans.
 "F o. Wettmore. John R. Eip pin, Memphis.
 Edward s. Buterler, Elberton, Georgia.
 "A. w. Pollard, Houston. 1 "J E. McAshan, Houston. Nathan Adams Dalas.'
 In addition to tine above the other present were w. H. Thompson, George w. Wilson and J. s. Calfee. St. Louis; L. E. Bowden and Will liam Mason Smith New Orleans; E. D. Morris, Meridian, Miss. w. c. Lawson, Waco, Texas; A. P. Coles Atlanta; j. D. Moss, Athens, Ga. ]. c. Tuer, Shreveport.
 After calling the conference to or der, President Tohmpson was elect ed permanent chairman and Henry Plauche secretary. Chairman Thomp- son reviewed the bills of ladlng mat. ter from the inception of the Liver pool plan to the present conference. ln part he said:
 Without reference to the merits O he proposition, we object to the manner in which 1t is attempted to force this objectionable and obnox- ions and I might say almost without |exaggeration, insulting, plan upo. the business men, the exporters and bankers of this country.
 Tn the first place, it represents Ia desire, ruthless intention on the part of the foreign buyers and bank 'ers to protect themselves in a loose and careless system of business and furthermore, to make the reputable merchants, those who have built up their business and character through lona years of unimpeachable trans actions, to make these people pay the premium for this protection
 "ha the second place, we make tbe point that uhis pan is unbusiness-
 like and futile. If there is estap- iished in New York city bureau whlch validates bills of lading, cerJi- lying to genuineness of signatures it will place the irresponsible dealer, the man who is specWating on his contracts; the party who is ont for the purpose of making what he can on short agreements, short grades, under btaplihg, a standing that he would not have otherwise It will oper the doors of irregularities that will be much more harmful, much more injurious, losses that will be nlore serious than those occurring under the one item of forgery It is not wise or just to say that we must sit quietly by and permit them to cast reflection dton our repuc- abe merchants and cause cotton peo- Iie ci this country to incur addi tional trouble. additional expense and the farmers who make the cot ten ultimately to suffer in the end"
 MT. Haight said he made the mis take at the start of tmllJng tttt tho American Bankers corunittee representing the southern interests in the lading controversy. lie made due apology.
 He denied that the foreign inter- esfs sought to dictate or that the central clearing house certified ah ladings, but that it only serutinized signatures So tdetect forgeries' in which event the parties interest we're immediately informed.
 Mir. Moss of Georgia was the only one to vote against the adoption of the resolutions. He said he thought there was some merit in the Liver pool plan.
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 EPtJpTloN IS HEAVY