Show COTTON BILLS CASES New ew York Dec 21 A decision n of potential potentia effect in tho cotton bills bUlB of lading cases rendered here by b Supreme Court Justice New berger ts is being actively and mId animated animatedly Jy ly discussed today among the largo large In Interests IIII p involved including cotton ex cx exporting exporting porting firms bankers and represent representatives representatives aUve of big foreign mercantile hous houses cs es he case caso is the first one growing out outS of or the cotton bills of lading frauds to bo decided d and while its Import was apparently realized by br others than the parties immediately involved when the case was WILS first decided on Wed Ved Wednesday red nesda last the mercantile world to today toda today day da seems to have awakened to the possibilities Involved in it The judgment found Cound by br the court was as one for far f 1 against the ilia Han Hanover Hanover Hanover over National bank hank In irr favor r of the tho cotton otton exchange firm of Springs Company The rho rise of tho the litigation was In the ilie big cotton collon bills of lading forgeries perpetrated last spring in inthe Inthe Inthe the name of two firms Knight Yan Yancey Yancey Yancey cey company of or Decatur Ala and Steele Miller company of or Corinth c Miss Drafts through New ew York banks hanks wore were are negotiated with attached bills of lading lil purporting to show that large amounts of cotton had been do de livered to railroads in n ii Alabama Ala ma for shipment to foreign purchasers It was wai subsequently discovered that tho bills of lading were forged It was claimed in the Springs case just jUB decided that the tho indorsement bj by b bythe tho the First National bank of f Decatur Ala which first discounted tho the draft vested title In the Hanover National bank Il of this city and that when the Hanover National bank bane collected the money mono It was considered to have hao war warranted warranted warranted ranted tho the genuineness of the bill of oC lading JadIng attached to the draft Justice Newburger held that Springs company made payment to the tho Hanover National bank through their mistaken belief that the bill of f flading lading was genuine and hence bence that oven oen though the bank was an innocent party lartY Springs company were enU entitled I tied to recover from the bank when r it I was found that the bill of lading was wae i forged forced Justice New burger In holding with the tho view thus outlined directed d Judg Judgment judgment ment but deferred the tho filing of an r opinion for r two weeks I |