The people's journal. (Pickens, S.C.) 1891-1903, 1897-04-22

| Poi vi bryan ana tnO Chicago plat.
form. He and Senator Wocott, how.
ever, are said to be in accord on tho
| financial question.
General &. II. Paine, who NAV be
termed the minority member, is u Re
publican and was Mckinley man.
lie Is one OF the most prominent bust.
ness men Of massachusetts and is said
TO be deep student of tho financial
question. While he is classed as :,
supporter OF bimetallism, based on in,
ternatlOnal agreement, he Is regarded
as allied with the sound money faction.
lie is graduate OF Harvard, being |,
member Of the class of 1853. General
Paine is largely identified with rail
roads and other corporations, being Il
director Of tho Chicago, Burlington
and Quincy Road and other large con
Germs and IL director Of tho Boston IN
stitutc OF Technology was an intimate
friend and associate Of Prof. Walker,
the financial author and authority.
He is man Of large wealth. 1t is q
Paine accompanied Senator WOicOtt
on his European trip last summer and
assisted him in that work.
1t is beloved that he went abroad
with Senator Wolcott with the under
standing that he was to be made a
member Of the commission. IL is not
yet known when tho roNmir~i"nc'..
will meet and ""rr' :: Was. t.. c.
ganlZati0n II effected, however, il is
believed til, t. Senator Wolcott will be
made president 1t is authoritativuly
stated the commissioners will not go
abroad before May, by which time the
now ambas ;adors will be at their posts
and render the special envoys assis-
tance necessary in the consummation
OF their m ssiOn.
The nam ing OF the commissioners to
attend tho international monetary
conference has caused u good deal OF
discussion in Washington. Almost
without exception the appointments
have bcon commended. The Senators.
regardless Of party, were pleased with
the selection of eXNice President Ste
vcnson. 1t seems that this selection
Is the Presidents own, no one appear
ing to urge his appointments. The
President desired u Democrat who
stood high in his party and who was
an earnest silver man. He sent for
MIR. Stevenson, and after talking the
subject over with him. decided to max e
him a member Of the commission.
President McKinlny desired that the
subject OF international bimctalism
should be lifted above party politics
and that the men selected should be
those who would work in harmony to-
ward bringing about an agreement. 1t
WAS also believed by the President
that the name Of Mr.. Stevenson would
give the commission great weight
abroad.
Amohg the earnest advocates OF tho
selection Of MIR. Paine we're Senators
iloar, Allison and Chandler, all 0
whom talked with the President ol
the subject and recommended him, cx
pressing the opinion that his select iot
| would be Il greav benefit 10 the cau9,
OF himctallism.
IT has been generally conceded fC,
some time past that Senator Wolcot
would be one Of the commissioner d.
his hard work since the election has
| been in the direction Of bringing about
an international agreement. Senator
WOlcott is very hopeful OF success. Hu
looks forward to hard work, but says
from what nc learned while abroad
last year he is most sanguinc as to the
results.
Senator WolcO't believes in the Sc
lection OF the commission and especial
~ in naming Mr.. Stevenson, Il silver
man, and one who supported Mr.. Bry-
an, President Mckinley has cOnv vinccd
everybody he Is an earnest bimcLalli5t
6lmctAillSm at home and abroad, he
says, will be promoted by this selcc
ton.
Opposition to the scheme for inter
national bmctallism has developed
from an unexpected source. MurctOr
Frcwcn, Of England, who has given
great deal OF attention to the subjrc
ana who has visited this country scv
crai times in the intcrc Is of silver, il
now opposing an international agree
mcnt, aud declares that the money
question is one which each natiOr
must settle for itself. Mr.. Frcwcr
will oppose any agreement and use his
influence against the commission when
| it goes abroad.
| Senator Wolcott has said that the
gold standard countries would oppose
any further depreciation Of silver, and
efforts were now being made to pre-.
vent any further fall OF silver in India.
Also that the demand for gold by Ju-
pan in establishing a gold standard
would cause a drain OF gold from Eu.
| rope which would be resisted by gold
countries. In the United States Scna-
tor Wolcott anticipates little opposi-
ton to himctallsm. What opposition
Mr.. Wolcott says, there is comes from
the great bankers Of New York, who
are already lighting bimctallism and
whose opposition the commission will
meet when it goes to Europe.
| Ex-ViCc President Stevenson, o
Bloomington, H., when asked ah0u,
| his appointment 90 the monetary CON
n missiOn, said :" appreciate The
compliment paid to me by the prcsi
dent and will cheerfully render what
assistance | can to accomplish the ob
jcct OF the commission. Whatever oul
views may be as to the ability Of oun
government TO maintain the free and
unlimited coinage Of silver without
the cooperation OF the leading coun
tries OF Europc, it may be snfcly as
sumcd that every friend Of silver il
| this country will welcome intcrnaLi0na
bimctallism. AS to the inpossibility
Of the success OF this commission, it i.
known that the trend Of public scnti
mcnt in European countries, as well IL.
our own, is undoubtedly favorable tt
| bimctallism.
I