New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-14
THE MONETARY COMMISSION
PRESIDENT MKINLEYs sELECTioN'
GENERALLY APPROVED.


oyr-rA1Ks WITH SENATOR woLcoii
AND THE Ex.vIcE-pREsIDENT-ENd-
1JsH BIMETAILLsTs PLEASED
Washington April 1s-The naming Of three Co'".
,,,es,oners by President Mckinley. under the "'e
of the last Congress. to promote Dime'a','", 49,
the subject Of considerable discussion auou' 49,,
Capitol to-day Almost without excepto" w
selections were commended Senators. resard.esS
~ marty were pleased with the choice OF eN-
President Stevenson IL appears that TINS stic0'o
vas the Presidents own. no one appea'ins ~
urge his appointment. The President oeSi.eu
Democrat who stood high In his party an" VIM
was an earnest silver man. lie sent for MT. o.e'
enson. and after talking the subject over with MN
decided TO make him member os the CoihniS
atom President Mckinley desired that the subject
NJ international bnctallism should be lifted above
party politics. and that the men selected shou'o DC
those who would work In harmony toward bringing
about an agreement. 1t was also peheVed by inc
President that the name Of Mr.. Stevenson would
give great weight to the Commission abroad
Among the earnest advocates of the selection OF
Mr. Paine were Senators Hoar, Allison and Chand-
Ter all of whom talked with the president on
the subject and recommended him as man VINO
would materially aid the cause OF bmetaihsh'
II has generally been conceded for some time
past that Senator Wolcott would be one OF the
Commissioners as his hardest work since the cleo
lion has been In the direction Of bringing about an
interna ional agreement. Mr.. Wolcot Is very nope
ful OF success. He looks forward TO hard work, Dut
says from what he learned while abroad last year
he is most sanguine OF results. lie believes that
in the selection OF the Commission, and especially
In naming Mr.. Stevenson. silver man and one
who supported Mr.. Bryan, President Mckinley has
convinced everybody that he is an earnest DiInetal-
list. Bimctal5m at home and abroad he says VIII
he promoted by this selection.
Senator Wolcott said to-day that god-standard
countries would oppose any further depreciation or
silver. and that efforts now being made to
any further fall In India also that the de-
mand for gold by Japan In establishing a gold
standard would cause drain of that metal from
Europe. which would be resisted by gold countries
in the United States Senator Wolcott anticipates
little opposition TO bimciallism. What opposition
there Is, he says comes from the German bankers
Of New-York who are already fighting bimetai-
lism and whose opposition the Commission VIII
meet when 1t goes to Europe 49,, ....oor,
Senator Wolcott further said that there appsal >
10 be mistaken impression that me ,oinIsSloii ~,
is appointed with the purpose I'm view OF having ne, u
represent the United States at Il conference only
While the Commission might Dc utiiizrd IN INA
way II "A conference should he held its nrst WORN l.
to be OF "A purely diplomatic character, looking en-
rcy to securing European cooperation oha M.
Commissioners expect to leave this country apou.
arrival In Europe will set themselves to their tss iIi
Whether there shall be conference AT an VIII
depend on how the advances OF the Commissioner
are received by the prncipa. Powers; .
Chairman Dngley OF the Ways and Means COM
This verdict was indorsed by all the Republican
Representatives, but they were aVerse 10 nuklls
with the European Powers or of reaching an agree
ment as the result of a conference; IL was sug-
gested that the European antagonism 70 a pro,
States made the present time unfavorablc Tor tns
country to take the initiative In a novr,neh' 10
secure bimetaliism by international agreement
bloomington H., April Nice-President
Stevenson said to-day when asked abou; his APP
pointmon, on the Commission for the Promotion OF
an international Agreement for Blmetalism; i
appreciate the compliment paid to me by the Presi-
dent and will cheerfully render what assistance /
can to accomplish the object of the Commission !
am a bimetast. / regard the restoration OF silver
to It's proper money function the supreme ques-
ton I'm our country and throughout the world The
importance OF the question cannot be overstated.
In this country the increase in the volume Of busi-
ness is beyond computation. In the light OF these
facts the reha utilization of silver H. prime neces
sity. Should It's decentralization become the settled
policy. the evil days upon which we nave fallen Dut
dimly foreshadow consequences yet to come: M
Whatever our views may be as TO the aDiiity o,
our Government to maintain the free and unlimited
coinage of silver without the cooperation of the
leading countries OF Europe IT may be sateiy as
will welcome international blmetall!sm. AS to the
possibility OF success of this Commission, It Is
known that Tie trend OF public sentiment IN Euro
favorable TO binetasr, Many of the publicists Of
England and Germany are IN earnest ACCORD WIN
our Government upon this question. Should public
sentiment in those countries Justify an interna ,onal
conference, II would undoubtedly be called and ac-
ton taken that would be deemed proper
London, April 13-The appointment of Sena tor
Edward o. WOlcot. Of Colorado; Charles J. Paine.
of Boston. and ex-Vice President Adlai f. Steven
son as Commissioners to an International None
tary Conference under the act for the promotion
of an international agreement for bmetalllsm." has
been received with the greatest satisfaction by the
London bimetallists. who anticipate solid progress
through their efforts, although Mr. Stevenson is
unknown 10 them as Il monetary expert