Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-04-14
SAYS IT WILL FAIL.
NO HOPE FOR GENERAL BIMETAL-
LIsM, SAYS THE LONDON TIMES.
BIMETALLISTS ARE HOPEFUL.
APPOINTMENTS GENERALLY COM
MENDED IN WASHINGTON.
Mr.. Stevenson Was the Presidents
SpeciaI Choice-Senator WOIcott
Very SanEuine the COmmfs-
sion VIII Accomplish
Good Results.
BIMETALLIsTS ARE HOPEFUL.

London, April 13.-Commenting to-day on
the appointment of the American commits
sioners to an International bimetailic con-
ference the Times says:
I'VE believe that all. the indications in
Europe and the far East point to the fali-
ure of such an undertaking. 1t Is lmprop-
able that all the enthusiasm OF senator
Wolcott combined with the business abil-
tiles of Mr.. Payne and the Democratic Sill
yer sympathies of ex-Vice President Ste-
venson will bring about the conference de-
sired by President Mckinley. 1t Is sun
more improbable that the commission VIII
effect anything without conference.
Separate agreements with the United
States are out of the question when the
nations of Europe do not wish to agree
among themselves in favor of bimetallism
The commission will have good time ana
will be received everywhere with courtesy.
President Mckinley will be able to point 10
its labors as redeeming his election prom
ises, and to their failure as showing That,
if America wants free silver, she must pro-
cure it for herself at her own risk:
..The sooner these points are made clear,
the sooner NAV we expect American busi-
ness to assume more healthy appearance.
1t may, therefore, be hoped that TINS row
ing commission will not unduly protract us
interesting but futile experiments upon the
stability of the financia! CONVICTIONS now
governing European policy"
The appointment of the commissioners
has been received with the greatest satis-
faction by the London bimetallists, VINO an
ticipate solid progress through their ef-
forts, although Mr.. Stevenson Is unknown
here as a monetary expert.
Washington, April 13.-The naming of
three commissioners by President Mckinley
under the act Of the last congress to pro-
mote bimetallism was the subject of con-
siderable discussion about the capitol to-
day. Almost without exception, the selec-
tiors were commended Senators. regard
less of party, were pleased with the selec-
tion of ex-Vice President Stevenson. 1t ap-
pears that this selection was the presi-
dents own, no one appearing to urge his
appointment. The, president desired a
Democrat who stood high in his party and
who was an earnest silver man. He sent
for Mr.. Stevenson and after talking the
| subject over with him decided to make him
a member of the commission. PRESIDENT
| Mckinley desired that the subject of inter-
national bimetallism should be lifted above
party politics and that the men selected
| should be those who would work in
harmony toward bringing about an agree
ment. 1t was also believed by the presi-
dent that the name of Mr.. Stevenson would
| give the commission great weight abroad.
Among the earnest advocates of the Sc
| lection of Mr.. Payne were Senators Hoar,
| Allison and Chandler, all of whom talked
| with the, president on the subject and
recommended him as a man who would
| materially aid the cause of bimetallism.
1t has been generally conceded for some
| time past that Senator Wolcott would be
| one OF the commissioners. as his hardest
i work since the election has been in the
| direction of bringing about an information
| al agreement. Senator Wolcott is very
| hopeful of success. He looks forward to
| hard work. but says from what he learned
| while abroad last year he is most sanguine
| of results. Senator Wolcott believes that
in the selection of the commission, and
| silver man and one who supported Mr.
Bryan, President Mckinley has convinced
| everybody that he is an earnest bimetallist
| Bimetallism at home and abroad. he says
| will be promoted by this selection.
Opposition to the scheme for internation-
| al bimetallism has developed from an us
| expected source. Morton Frewen, of En-
gland, who has given great deal of at.
tertion to the subject and who has visited
this country several times in the interest
agreement. and declares that the money
| question is one which each nation mus
settle for itself Mr.. Frewen will oppose
against the new commission when it goes
| abroad.
Senator Wolcott said to-day that gold
standard countries would oppose any furth
were now being. made to prevent any
further fall of silver in India; also. thai
fishing a gold standard would cause 8
drain of gold from Europe which woult
he resisted by gold countries. In the
United States moeHfe antlSibates bat onnoe oe'
tion, Mr.. Wolcott says. there is, come:
from the German bankers of New York
who are already fighting bimetallism, ant
whose opposition the commission will NEE
when it goes to Europe
Senator Wolcott further said that ther,
appears to be a mistaken impression tha
the commission is appointed with the pur
pose in view of having it represent thu
United States at a conference only. Whil'
the commission might be utilized in tina
way If conference. should be held, IT
first work is to be of a purely diplomats
| character.