The times. [volume] (Richmond, Va.) 1890-1903, 1897-04-14
MOVE FOR BIMETALLlSM'
President n'hINLLfs AFFoi''-
uEN1s COMMENDED.
s.n.tor yoIcott 10 Hopeful OF success
What vice President steyen-
son Says.

81 ,bree commissioners by President Nc
Ics,lov under the act Of the last Congress
70 promote bimetalllsm. was the subject
Of considerable discussion about the Capt.
fol to-day. Almost without exception the
elections were commended. The Sena-
tors. regardless OF party. were pleased
with the selection OF eX-Nice- President
stevenson. IL appears that this selection
was the President own. no one appear
Ing 10 urge his appointment. lie sent for
Mr.. Stevenson and after talking the sub
ject over with him decided TO make him
a member Of the commission. President
Mckinley desired that the subject of in
ternational bimetalllsm should be lifted
above party politics and that the men
selected should be those who would work
In harmony toward bringing about an
agreement. II was also believed by the
President that the name Of Mr. Stevenson
would give the commission great weight
abroad.
Among the earnest advocates Of the
selection OF Cen Paine were Senator'S
Hoar. Allison and Chandler.
WOLCOTr Is HOPEFUL.
It has been generally conceded for some
time past that Senator WoicOtt would be
one OF the Commissioners. ass ms hardest
work since the election has been IN the
direction Of bringing about an interna-
tonal agreement. Senator Wolcott IS
very hopeful OF success lie looks for
ward TO hard work. but says that from
what De learned while abroad last year
he is most sanguine OF the results. Sena-
tor Wolcott believes that IN the selection
OF tho commission. and especially In nam
ing Mr. Stevenson. a silver man and one
no supported Mr. Bryan. President Nc
kinloy has convinced everybody that he
is an earnest bimetallist and that BIZ
metalilsm ~ home and abroad. he says.
Will be promoted by this selection.
Opposition 10 tho scheme for interna-
tional bimetalllsm has developed from AN
unexpected source. Morton Frewen. or
England who has visited this country
several times In the interest of silver. IS
now opposing an international agreement.
and declares that money question Is ons
which each nation must settle for itself.
Mr. Frewen viii oppose amy agreement
and use his influence against the new
commission when 10 goes abroad.
Senator Wolcott said to-day that the
gold standard countries would oppose any
further depreciation OF silver and that
efforts were now being made 10 prevent
any further fall Of silver in India.
10 has been generally conceded thdt
Senator Wolcott would be made a MEM
her of the commission. lie has been an
active leader in the movement for the
monetary agreement. and is widely known
as an advocate OF The silver cause. His
trip 10 Europe last fall was generally con-
coded 10 Doe 40 least semi-oiicial as the
representative OF the new administra-
ton.
SAW NOTED FINANCIERS.
His tour extended over several months
and embraced the leading European capt.
tails Tie bad audiences with the more
noted fnancicrs and Ministers. and il
IS believed then Laid the foundation for
the international conference which tho
commission appointed last night viii en-
deavor to bring 10 a conclusion. Sena-
tor Wolcott is now serving his second
term boo the Senate having been elected
90 that body in lssj. While pronounced
himeflllist he was a stanch supporter
o. the St Louis ticket.
Cen Charles J. Paine is u Republican
and was a. Mckinley man He Is one Of
the most prominent business men OF
Massachusetts. and is said 90 be q deep
student OF the financial question. While
De IS ciassed as q supporter OF blmefal-
lism. based on international agreement.
De IS regarded as allied with the sound
money faction. Tie is a graduate q
Harvard. being n member az the class n
80 Cen. Paine is largely Identified with
railroads and other corporations being
director Of the Chicago. Burlington and
Quincy Railroad. and other large cone
Germs. and director OF the Boston Inc
stitutc Of Technology. was an intimate
friend and associate OF Prof Walker the
financial author and authority lie is
man of large wealth. and probably better
known 10 the public no large as one Cf
cup-defendng yachts Puritan. Mayh0wer
and Volunteer.
II IS Il fact not generally known that
Cen. Paine accompanied Senator Vol
colt on his European trip and assisted
him in that work. II Is believed that Doe
went abroad with Senator Wolcou with
tho understanding that be was 20 be made
q member of the Commission.
Fx-Vice President Stevenson. the Demo-
cratic member of the Commission is
generally known as am advocate Of biz
metallism. lie was a stanch supporter ~
Bryan and the Chicago platform. lie and
Senator Wolcott. however. are said TO be
i'm accord on the financial question.
IL is not yet known when the Com
missionors will meet and organize. When
an organization Is effected however IL is
believed that Senator Wolcott viii be
made President. IL is authortatively stat
ed that the Commissioners will not go
abroad before May T. by which time the
new Ambassadors will De AT their posts
and render the special ENJOYS the assist
ance necessary in the contamination o.
their mission.
Vice-Puesdent Stevenson said to-day
when questioned about his appointment
ON The commission for the promotion OF
an international agreement
Il appreciate The compliment paid 10
mo by the President, and will cheerfully
render what assistance I can TO accom-
plish the object OF the commission. ! am
"A hlmetallist / regard the restoration
of silver money 10 its proper function as
the supreme question IN our own country
and throughout the world The impor-
lance Of the question canrot be overstat-
ed In this country the increase of the
volume OF business is beyond computa-
ton In the light Of these facts the re-
Mobilization Of silver Is o prime necessity.
Should IT'S decentralization become the set
tied policy the evil days upon which we
have fallen but dimly fofeshadowed ccn-
sequences yet 10 come.
whatever views may be held as 10 tho
ability Of orr Government 10 maintain the
free and unlimited coinage Of silver with
ont the cooperation Of the leading c)ur-
tries OF Europe il may be safely assumed
that every friend OF silver I'm our codn-
try viii welcome International bimetal-
ism"
AS 20 the impossibility OF the success
Of this commission IL is known that the
trent OF public sentiment In European
countries. rs well as orr own Is undcuot-