The Roanoke times. (Roanoke, Va.) 1897-1977, 1897-04-15
OUTLOOK
FOR SILVER.
Few Have Faith in an international
Agreement.
THE PRESIDENTS ACT CoNs1D.
Erred A STEP TOWARD CARRY.
ING OUT THE PLEDGE OF THE
REPUBLICAN NATIONAL PLAT.
FoRM-sELEcTIoN OF NONE
TARY COMMISSIONERS is pRAIs.
ED AT THE NATIONAL CAPITAL

Washington, April 14.-Nothing but
woras OF praise have been heard of the
selections Of monetary commissioners
made by President Mckinley. 1t had
been taken for granted that Senator VOL
colt would be Mt the head of the commits
sion, owing to his earnest efforts for hi.
metalllsm, and the other appointees are
generally regarded as excellent selections
But while the Presidents course meets
with approval, in that it indicates n de-
sire to carry out the party's pledge, there
Is, at the same time, lack of faith
among republicans rs we'll rs Demo-
Gratis, in the outcome of this step to Sc.
cure an international agreement. Sena.
tors Wolcott, Allison, and Chandler are
probably the most sanguine of the himet
allists in Congress.
The appointment of two silver men re-
lieves the President from responsibilitv
ana the third man, Gen. Paine, being an
avowed bimetallist, the commission is a
unit on the main question. The President
cannot be criticised for "a lack of interest
and for not giving the movement all nos
sible encouragement
The first work of the commission will
be of purely diplomatic character Look
ing entirely to securing European CO.
operation The members expect to leave
this country about the middle of Nav.
and Immediately upon their arrival in
Europe will set themselves to that task.
Whether there shall he conference at
all Will depend upon how the advances of
the commissioners are received by the,
principal powers.
Gold standard countries said Scna-
tor Wolcott yesterday, "will oppose any
further depreciation of silver Efforts
are now being made to prevent any fur
Their fall of silver in India The demand
Tor gold by Japan in establishing Il cold
standard will cause drain of gold from
Europe, which will be resisted by gold
Countries"
In the United States, Senator Wolcott
anticipates little opposition to bimeta!-
ism. What opposition there is, Mr.. VOL
colt says. comes from the German bank
ers of New York, who are already fight
ing bimetallism, and whose opposition
the commission will meet when it goes to
Europe.
Moreton Frewen, the English bimetal
list. we'll known in this country. is now
said to he opposing an international
agreement, and declares that the money
question is one which each nation must
settle for itself. Mr.. Frewen will oppose
any agreement, and use his influence
against the new commission when IL poes
abroad
Bloomington, ILL.,, April 14.-E Vice
President Stevenson said to-day. when
questioned about his appointment on the
commission for the promotion of an inter.
national agreement:
II appreciate the compliment paid to
me by the President and will cheerfully
render what assistance / can to accom-.
plish the object Of the commission. am
N INN foil lot L ~.
silver to its proper money function rs the
supreme question in our country and
throughout the world The Importance
OF the question cannot he owe r. stated. In
this country the increase in the volume
of business is beyond computation. In
the light of these facts the rehabilitation
OF silver is prime necessity. Should it's
demonstration become the settled policy.
the evil days upon which,we have fallen
but dimly fOreshadOw consequences vet
to come. Whatever our views may he ns
to the ability of our government TO main.
tain the free and unlimited coinage of sill
yer without the co operation of the lead
ing countries of Europe, it may be safely
assumed that every friend of silver in our
country will welcome international BIZ
metalllsn. AS to the impossibility of
success of this commission, it is known
that the trend of public sentiment i'm Eu
ropean countries, as well re our own, Is
undoubtedly favorable to bimetallism.
Many OF the publcists of England and
Germany are in earnest accord with our
Government upon this question Should
public sentiment in those countries ius-
tify, an international conference would
undoubtedly be called and action taken
that would be deemed proper"