Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-04-13
FOR BIN METALLISM.
THE PRESIDENT Announces APs
PoINTMENT OF COMMISSION.
WOLCOTT, PAINE, and STEYEHSOE.
The Colorado senator, the Massas
chusetts Capitalist, and the Dem0>
cratic Ex-vice-President Named b1
Mr.. Mckinley.

WASHINGTON. ID. c., Aprh 12.-ThG
President tonight announced the ap-
pointment OF Senator Edward o. woi-
colt. of Colorado; Hon. Charles J. Paine,
of Boston. Mass. and ex-Vice-President
Adlai E. Stevenson, as Commissioners 70
an international monetary conference.
These appointments are made under the
act approved March 80 last. ''for the pro-
motion OF an international agreement for
bimetallism," and by its provisions do
not re-7--.-- confirmation by the Senate.
1t has been generally conceded that
Senator Wolcott would be made a mem-
ber of the commission. lie has been an
active leader In the movement for q
monetary agreement, and was generally
His trip to Europe last summer was con-
ceded to be at least semi-official. as the
representative of the national admfns-
traton. His tour extended over several
months, and embraced the leading Eu-
ropean capitals. He had audiences with
the more noled financicrs and Ministers,
and II is believed then laid the
foundation for the international con-
ference, which the commission ap-
pointed tonight will endeavor to
bring to conclusion. Senator
Wolcott is now serving his second term
in the Senate having been elected tn
that body in 1885. While a pronounced
blmetallist, he was a staunch supporter
Of the ST. Louis ticket.
Ex-Vice-Presdent 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
Wolcott, however. are said to be In ac-
cord on the financial question.
General Charles J. Paine. who may
be termed the minority member. IL Re-
publican. and was a Mckinley man. He
is one of the most prominent business
men Of Massachusetts. and is said TO
be a deep student Of the financial ques-
ton While he is classed as supporter
Of bimetallsm. based IN international
agreement. he Is regarded as allied with
the sound-money faction. He Is gradu-
ate Of Harvard, being a member or tho
class of SO. General Paine is largely
identified with railroads and other cor
porations, being a director Of the Chi
caso. Burlington and quincy, and other
large concerns. and a director OF the
Boston Institute OF Technology. He was
an intimate friend and associate OF Pro-
fessor Walker, the financial author and
authority. He Is a nan OF large wealth,
and probably is better known 10 the
public az large as one of the syndicate
OF gentlemen who built the cup-defending
yachts Puritan. Mayhower. and Volun-
teer. 1t is a fact not generally known
that General Paine accompanied Senator
Wolcott on his European trip last sum-
mer and assisted him in that work.
1t Is believed that he went abroad with
Senator Wolcott with the understanding
that he was 10 be made member or
the commission.
1t is not yet known when the commis-
sloners will meet and organize. When
an organization Is effected, however II is
believed that Senator Wolcott will be
made president Jt Is authoritatiyely
stated that the commissioners WIN not
go abroad before May lst. by which time
the new ambassadors will be at their
posts and render the special ENJOYS the
assistance necessary in the consumma-
tion OF their mission.