The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-13
COMMISSION APPOINTED
WCLCOTT, STEVEN SON AND
PAINE re PRESENT MER'Ck.
They Wi work on the Problem of In
ternational 81 metailism as Laid
Down in Republican Platform.

| Washington, April 1.-THE President
tonight announced the appointment of
Senator Edward O.Wolcott, of Colorado;
Hon Chas. ]. Paine, of Boston, and
ex-Vice President Adlai Il. Stevenson,
as commissioners to an international
monetary conference. These appoint
ments are made under the act approved
March Bird last For the promotion of
an international agreement for bi-metal-
ISM and by its provisions do not require
confirmation by the Senate.
1t has been generally conceded that
Senator Wolcott would be made % mem
Der of the commission. He has been
an active leader in the movement for
monetary agreement and widely known
as an advocate of the silver cause. His
trip to Europe last summer was con-
coded to be at least semi-otiicial a sthe
representative of the administration. His
tour extended over several months and
embraced the leading European capitols.
He had audiences with the more noted
fnanciers and ministers, and it is be-
lieved then laid the foundation for the
international conference which the COM
mission appointed tonight will endeavor
to bring to a conclusion. Senator VOL
colt is now serving his second term in
the Senate having been elected to that
body in 1885. While a pronounced hi
metallst he was a staunch supporter of
the st. Louis ticket.
ExVice President Stevenson, the
Democratic member of the commission,
though generally known as an advocate
OF bi-metallism, was supporter of
Bryan and the Chicago platform.
He and Senator Wolcott. however, are
L, ,Y, n~,I h. al
question.
Gen. Charles J. Paine, who may be
termed the minority member, is 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 question.
While he is classed as supporter OF BIZ
metallism, based on international agree
ment, he is regarded as allied with the
sound money faction. He is a graduate
of Harvard, being a member of the class
of '53. General Paine is largely indenti-
fed with railroads and other corporations,
being a director of the Chicago, Burling-
ton and Quincy road and other large con-
Germs, and director of the Boston In
stitute of Technology; was an intimate
friend and associate of Prof. Walker,
the financial author and authority. He is
a man of large wealth and probably bet
ter known to the public at large as one
of the syndicate of gentlemen who built
the cup defending yacht, Puritan, May
flower and Volunteer.
1t is a fact not generally known that
Gen. Paine accompanied Senator VOL
colt on his European trip last summer
and assisted him in that work.
1t is believed that he went abroad with
Senator Wolcott with the understanding
that he was to be made member of the
commission.
1t is not yet known when the commits
sioners will meet and organize. When
an organization is effected. however, it
is believed that Senator Wolcott will
be made president. 1t is authoritatively
stated that the commissioners will not
go abroad before May LIST, by which time
the new Ambassadors will be at their
posts and render the special ENJOYS the
assistance necessary in the consumma-
ton of their mission.