Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1897-08-03
Il. THE MONEY 3 @ j SIT
Message from President McKln'ey
on Currency Reform
The House Took Action Before Al
1ournment. But the senate ser.
the Document to the Finances
committeeman of MessaEe.

Washington, July 26.----lBEefore the al
iournment Of congress on Saturday
President Mckinley sent to both houses no a y.
the following message:
''To the Congress OF the United states:
In my message converting the congress IN
extraordinary session ] called Afternoon 70
a single subiect-that OF providing revenue
adequate to meet the reasonap!e ano
proper expenses of the government. De
iieved that to be the most pressing sub
ject for settlement then. "A bill to provloe
the necessary revenues for the government
has already passed the house OF represent
atives and the senate and awaits e4ecu
tive action. ',% -. =
Another question of very great irnpor-
lance is that of the establishment OF our
currency and banking system on a better
basis. which I commented upon IN my IN
augural address in the following WORDS:
Our financial system needs some re-
vision; our money Is all good. but It's value
must not further be threatened. 1t should
all be put upon an enduring basis not SUD
ject to easy attack. nor its stability to
doubt or dispute The several forms of our
paper money offer, In my judgment. con-
slant embarrassment to the government
and imperil safe balance In the treasury.
Nothing was settled more clearly at the
late national election than the determine
their currency stable in value and equal to
that o: the most advanced nations Of the
world.
1.-The soundness OF our currency is no.
where questioned. No loss can occur to:its
holders. 1t Is the system which should be
s!mplified and strengthened. keeping our
money just as good as it is now. with less
expense to the government and the people.
THE sentiment OF the country is strong
ly in favor Of early action by congress in
this direction, to revise our currency laws.
and remove them from partisan conten-
ton. A notable assembly of business men
with delegates from ~ states and terri
tories was held at Indianapolis in January
OF this year. The financial situation COM
manded their earnest attention, and after
two-days' session the convention rec
commended to congress the appointment
OF u monetary commission.
Il commend this repo-: to the consid-
GRAFTON of congress. The authors Of the.
report recommend a commission to make
a thorough investigation of the monetary
affairs and needs of this country in all re-
lations and aspects and to make proper
suggestions as to any evils found to exist
and the remedies therefor
This subject should receive the attention
of congress at the special session. It
ought not to be postponed until the regu--
lar session.
Il therefore urgently recommend that a.
special commission be created, non-parti-
san In Its character, to be composed Of
well-informed citizens of different parties,
who will command the confidence of con-
6ASSS anu VAC SOoAIAys OSCduS6 Ol their
special fitness for the work, whose duty
it shall be to make recommendations of
whatever changes in our present banking
and currency laws may be found necessary
and expedient, and to report their conclu-
sions on or before the LIST day of Novem-
Der next, In order that the same may be-
transmitted by me to congress for its
consideration at its first regular session.
1T is to be hoped that the report thus
made will be so comprehensive and sound
as to receive the support of all parties
| and the favorable action Of congress. Al.
| all events such a report cannot fail to be
of value to the executive branch of the
government as well as to those charged
with public legislation, and TO greatly as
! sist In the establishment of an improved
| system Of finance
| WILLIAM M'KINLEY~
Executive Mansion. July n, 1897"