The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-04-13
And the Third Is Wealthy Massa.
chusetts Republican. Who Is said
to BE "a Sound-Money Man.
MAY VISIT EUROPE In MAY
WHEN THEY WILL BEGIN WORKING
FOR MONETARY CONFERENCE.
President CfeveIand's Pension Agency
ConsoIida tion Order Likely tn He
Revoked by Mckinley.

WASHINGTON, April 12.-The President
tonight announced the appointment OF
Senator Edward O. Wolcott, of Colorado,
Hon. Charles j. Paine. of Boston. Mass.
and ex-Vice President Adlai l.. Stevenson
as commissioners TO an international none
tary 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
Seante.
Ii has been generally conceded that Sena-
tor Wocott would be made a member OF
the commission. He has been an active
leader in the movement for a monetary
agreement and widely known an ad-
vocate OF the silver cause His trip 10 Eu-
rope last summer generally conceded
TO be at least semi-official the repre-
sentative of the new administration. His
tour extended over several months and en-
braced the leading European capitals. He
had audiences with the most noted finan-
ciers and ministers and ii is believed then
laid the foundation for the international con-
ference which the commission appointed to-
night will endeavor TO bring TO conclusion.
Senator wolcott is now serving his second
term in the Senate, having been elected to
that body in 1896. While pronounced bi-
metallist he was a stanch supporter OF
the st. Louis ticket.
Ex-Vice President Stevenson, the Demo-
cratic member OF the commission, thorsh
generally known as an advocate OF bimetal-
lism, stanch supporter of Mr. Bry-
an and the Chicago platform He and SEN
ator wolcott however. are said to-te In
accord the financial question
Gen. Charles ]. Paine, who mo beltermed
the minority member. is Republican and
was a Mckinley man. He is one of the
most prominent business men 'of Massa-
chusetts, and is said to be a deep student
of the financial question. While he is
cIassed as a supporter of bimetallism based
on international agreement, he is regarded
as allied with the sound-money faction. He
is graduate of Harvard, being a member
of the class of '5S. General Paine is largely
identified with railroads and other corpora
tions. being a director of the Chicago. Burl-
ington & Quincy Railroad and other large
concerns, and director OF the Boston In
stitute of Technology. and was an intimate
friend and associate of Professor 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
syndicate of gentlemen who built the cup
defending yachts Puritan Mayfiower and
Volunteer 1t is a fact not generally known
that General Paine accompanied Senator
Wolcott on his European trip last summer
and assisted him i'm that work. IL Is be-
lieved that he went abroad with Senator
Wolcott with the understanding that he
was to be made a member Of the COM
mission.
1t is not yet known when the commission
ers will meet and organize. When an or
ganzation is effected, however. IL Is be-
lie,,ed that Senator Wolcott will be made
president. 1t is authoritatively stated that
the commissioners will not go abroad be-
fore May i, by which time the new en-
bassadors will be at their posts and render
the special ENJOYS the assistance necessary
i'm the consummation Of their mission