Ogden Evening Standard | 1912-01-20 | Page 8 | To Validate Bills of Lading

TO VALIDATE BILLS0F LADING Memphis, Tenn., Jan 20. Cotton shippors believed themselves practically practi-cally in control of the situation at tho conference concerning the proposed pro-posed Liverpool plan of validating bills of lading, which began today with representatives of southern cotton cot-ton men and English buyers attend -fng. Their confidence is the result of an interstate commerce regulation which forbids railroads giving Infor- matlon concerning lading bills with-" out permission of shippers. The so-called Liverpool cotton bills of lading plan provides for a central cen-tral bureau which Bhall havo power to validate such paper before funds may be advanced o'n the cotton it presumably represents It is duo to tho central bureau princlplo that the southorn cotton shippers almost without with-out exception object. They claim that they do not desire to be classed with shippers whoEe methods arc irregular. ir-regular. oo