Show FEAR COTTON WILL BE PUT ON CASH BASIS w Orleans July Jul 24 Southern bankers and business men are hard at ot work on the problem presented pre by the recent action actton of oC European in 11 connection with cotton bills of ot lading to the effect that beginning in November American cotton bills of lading be only when guaranteed by an American banking institution Southern cotton men realize that a I complete revision in the cotton trade will take place following the tho stand taken by the tho English bankers In tho the event American banks refuse to guarantee cotton bills of DC lading the cotton of the south they the say M would be thrown Immediately upon a 0 cash basis anti and would moan a drain of millions of dollars from tho the mono mone monetary tary tory centers of ot the country which r ier present financial conditions condition C rahi I to t l stand such lIuch heavy V 1 money |