The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-30
A Monetary Commission.

It is the very general impression in
financial circles that the President will
have a good deal to say in his message
about currency reform. There is a differ
ence of opinion, however, as to whether
he will recommend plan for reforming
the currency or favor commission to
make a thorough study of currency
and present to the next congress a scheme
for a permanent settlement of the entire
currency question.
The main reason why he may adopt the
latter course is the difficulty that would
be experienced in trying to get any cur
rency reform plan adopted during the
three remaining months of the present
session. Any scheme that might be pre-
sented would certainly be antagonized by
the free silver coinage element, and it is
strong enough probably to prevent any
currency legislation that is not in har-
mony with it's financial views.
The financial question is an exceedingly
important one. 1t is a question concern
ing which there are many and diverse
views. 1t would require a great deal of
time to frame bill that would command
the support of any considerable part of
either the House or the Senate. The dis
cussion of the bill would be a lengthy
one, and the opposition to the bill, what
ever its character might be, would be very
strong. Under the circumstances 1t is
extremely doubtful if legislation on the
currency question by this congress is
possible.
There is much to be said in behalf of
a non-partisan monetary commission,
though it is not absolutely certain that
such a commission could be secured. A
commission composed of capable and
conscientious men, however, could do
great deal towards educating congress
and the country to a better understand
ing of the currency. Outside of the few
who are welded to their own notions as
to what sort of currency reform
is needed, there is very gem
eral desire to have the currency
question settled upon a safe and perma-
nent basis. What the people want
! to know is what is the best plan for re-
forming the currency. The great majority
of them have no opinion as TO what is the
best plan. They are willing, however, to
be enlightened, and monetary commits
sion, composed of such men as the Presl-
| dent would appoint would do a great
deal to give the people a proper under
standing of the currency.
The New Orleans Picayune is Of the
opinion that while the current rice crop
may not fall short Of the crop Of last sea-
son. it win fall considerably short Of the
early expectations, The movement of rice
this season has been in striking contrast
/ with the movement of cotton The rice
receipts are nearly 100000 sacks short of
the receipts last year. Planters ha, been
marketing in a leisurely manner and
holding the grain for better prices. When
ever the market weakened the shipments
dropped Of and when the market took on
strength the shipments won't forward
again. This crop has been more doliber-
ately and carefully marketed than any
OF It's immediate predecessors. and as a
result prices have followed much stead
Ter range than usual aud have been salts
factory The Pioayune commends the
way the crop has been handled. and as.
yises the planters 10 keep n Mp. but not
make the mistake Of holding back tho
crop long enough 10 permit foreign rice
10 come iu.
A South Carolina legislator proposes "a
fla The value ~ murdered people a. s1a
each. 10 be paid by ODE county to the heirs
90 assigns of the victim Why the leFr.
iator wishes 90 place temptation ln ths
way Of men Win motheuln-law BE- noi
knoHu.