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Show SUING FOR LOSSES ON FORGED BILLS New York, June 30. The Guaranty Trust company will ,not appeal from "FgrroraT JOUge N6TeTe?o17rfgcl5TOrr overruling the company's demurrer In a suit brought by a Liverpool cotton buyer to recover losses from forged bills of lading. Instead the company will ask that the case bo brought to trial. A trial probably cannot be had before fail. This action, which was brought by Anthony S. Hannay of Liverpool, Involves In-volves directly only $7,350, but It Is looked upon as a test case which Is likely to settle claims exceeding $5,000,000 incurred by bankers who accepted forged bills of lading drawn up by Knight, Yancy & Co., and Steel, Miller & Co. Southern cotton Inter ests are disturbed over the suit, since It will mean considerable increase In tho cost of collecting their bills If it , is finally decided against the New York bankers. The latter have been j In the habit of lea.vlng to the foreign hunks on which drafts are drawn the question of the cotton seller's rcllnblll-tv rcllnblll-tv and have never indorsed bills passing pass-ing through tholr hands It the court shall hold that by acting as Intcrme diary between tho cotton men nnd tho foreign banks tho local banks became be-came responsible for the genuinoness of tho bills of lndlng, thoy will demand de-mand a much higher price for their services as guarantors. |