...bill of lading or warehouse receipt, or with the possession of merchandise for the purpose of sale, the true owner thereof, so far as to give validity...contract made by such agent with any other person for sale or disposition thereof, for money advanced or obligations entered into upon the faith thereof....

...other agent who is entrusted with the possession of any merchandise for the purpose of sale, or as security for any advances to be made or obtained thereon, " shall be deemed the true owner thereof, so far as to give validity to any contract made by such agent with any other...