The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-13
MONETARY COMMISSION.
WOlcOtt, Stevenson and Paine APP
pointed by the President.


Washington, April 12.--The President to-
night announced the appointment of Sena-
tor Edward o. Wolcott OF Colorado. Hon.
Charles J. Paine of Bos on, Mass. and
ex-Vice President Adlai e. Stevenson as
commissioners TO an international mon
etary conference. These appointments are
made under the act approved March last,
for the promotion Of an International
agreement for bimetallism' and by its pro-
visions do not require confirmation by the
Senate.
1t has been generally conceded that SEN
ator Wolcott would be made member of
the commission. He has been an active
leader ia the movement for monetary
agreement and widely known as an advo-
cate of the silver cause
His trip to Europe last summer was con-
eeded to be at least semi-of1cial as the
| representative OF the new administration
His tour extended over several months
and embraced the leading European cap
itals. He had audiences with the more
noted fnanciers and ministers, and it Is
believed then laid the foundation for the
international conference which the com
mission appointed tonight will endeayor
to bring TO a conclusion.
Senator Wolcott Is now serving his Sec
| ond term in the Senate, having been elect
ed to that body in 1885. While a pro-
nounced bimetallist, he was staunch
supporter of the st. Louis ticket.
EN-Nice President Stevenson, the demo-
| cratic member of the commission, though
generally known as an advocate of BIZ
metallism, was a supporter Of Bryan and
| the Chicago platform. He and Senator
Wnlnntt aaf 10 s, In, a
| on the financial question.
Gen. Charles j. Paine. who may be term,
| ed the minority member is a republican
| and was a Mckinley man. He Is one OF
the most prominent business men of Mass
achusetts, and is said to be deep stu
| dent Of the financial question. While ne
! Is classed as supporter of bimetaliism,
based on International agreement he -
| regarded as allied with the sound money
| faction. He Is a graduate of Harvard
| being member of the class of SO. Gen
| Paine Is largely identified with railroads
| and other corporations, being a director
| of the Chicago, Burlington and Quincy
railroad, and other large concerns, and n
director of the Boston Institute of Tech
nology and was an intimate friend ana
associate of Prof. Walker, the financial
author and authority. He is a man of
large wealth and probably better known
| TO the public at large as one of the syn
| dictate of gentlemen who built the cup
defending yachts Puritan. Maynower ana
| Volunteer
IL Is a fact not generally known that
| Gen. Paine accompanied Senator Wolcott
| on HIS European trip last.summer and as
sisted htFnsAfls that work. IL Is believed
| that he went abroad with Senator Wolcott
| with the understanding that he was 20
| be made a member OF the commission. II
| Is not yet known when the commissioners
| will meet and organize. When an organ
| izatIon is effected however, Il Is believed
| that Senator Wolcott will be made presi-
| dent. 1t IS authoritatiyely stated that the
| commissioners will not go abroad before
| May II by which time the new ambassa-
| doris will be at their posts and render the
| special ENJOYS the assistance necessary in
| the consummation of their mission.