The Birmingham age-herald., 1912-01-19
ID FIGHT AGAINST
 CENTRAL BUREAU New Orleans Cotton Ex- change Issues Appeal MEETING A T MEMPHIS Further Strong Efforts Are Being Made to Force Central Bureau
 Plan for Validation of
 Bills of Lading
MEETING AT MEMPHIS

New Orleans, La, January 1S.-The New Orleans cotton exchange, through its president. E. J. Glenuy, issued, a strong appeal eeAay, in tl4e form of q letter addressed to bankers, shippers and others interested. to renew the fight against the bureau for the validation of cotton bills of lading which grew out of the Liverpool conference last year. The letter of President Glenny is of especial interest at this time because of the conference on the central bureau plan which is to be held at Memphis Saturday on the request of the Liver pool leaders in the movement to estab- fish the bureau.
 New Orleans will have three strong representatives at the Memphis confer enee to oppose the plan In MT. Glenny. w. B. Thompson, former president of the New Orleans cotton exchange. and Sol Wexler. vice president of the Whit ney Central National bank.
 President Glennys letter in part fol- lows:
 Tt has, during the very recent past. come to the notice of the New Orleans cotton exchange that further strong ef- forts are being made to force this cen , tral bureau plan upon the southern cot ton exporters, and we beg now to ad : wise you that in our opinion. unless the exporters and cotton interests of the south present a solid front of opposi- tion to the injurious plan and actively resist the efforts of the promoters thereof, there is grave danger that the New York bureau will become an ac- complished fact and the Irresponsible shipper will be placed upon the same plane with the responsible. to the great injury of legitimate cotton trade and traders.
 Tn order that this opposition might be most speedily and effectively felt we beg to suggest that everyone interested in the bureau instruct the railroads and steamship lines on the form enclosed herewith, not to send a copy of any of his or their bills of lading, or of the shipmaster's receipts, to the central bureau In New York, unless he or they specially request them to do so.
 "Our purpose in making this sugges- tion is because we have reason to be- lieve that strong influences are being brought to bear upon certain large f. nancial interests in New York to assist the bureau plan. and further, that at least two of these large institutions have yielded to this influence. Again the advocates of the bureau are also actively at work to induce as many shippers as possible to lend their names to the plan, and as soon as the bureau is reasonably sure of it's position, by reason of having obtained a sufficient number of bills of lading for validation those advocating the system will be better able to induce other large hnanc- ial organizations who handle foreign bills to insist upon validation through the central bureau.
 "It will be remembered that in the resolutions adopted by the conference of Southern exchanges it was stated that if the validation plan goes in effect, 1t will retard, or possibly prevent tn. passage Of laws making railroad and steamship companies responsible for the acts of their agents.'