The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-25
Republican Representative Pass MK.
stones Measure After Debat-
ing 1t One Hour
DEMOCRATS ALL VOTE NAY
TWO MEMBERS OF THE MAJORITY
PARTY AMONG THE OPPOSITION.
Interesting Session of the House-At-
tempt to Make Political Capital
The Presidents Message.
ecial to the INDIANAPOLIS Journal.

Special to the Indianapolis Journal
WASHINGTON, July 2.-President Me-
Kinley sent a message to Congress this
afternoon advocating action looking 10 the
appointment of a currency commission. The
House promptly responded by passing the
Stone bill. but the Senate adjourned with
out action, having referred the question TO
a committee. The Presidents message fol-
lows:
ITO the Congress of the United States:
'In nay message convening the Congress
in extraordinary session l called attention
to a single subject-that of providing rev.
enue adequate to meet the reasonable and
proper expenses of the government. / he
leved that to be the most pressing subject
for settlement then. A bill to provide the
necessary revenues for the government has
already passed the House of Representa-
tives and the Senate and awaits executive
action.
Another question of very great impor-
tance is that of the establishment of our
currency and banking system on a better
basis, which 1 commented on in my inaug-
ural address in the following words: Our
financial system needs some revision; our
money is all good now, but its value must
not further be threatened. 1t should all be
put upon an enduring basis, not subject to
easy attack, nor its stability to doubt or
dispute. The several forms Of our paper
money offer, in my judgment, constant
embarrassment to the government and inn
peril a safe balance in the treasury
Nothing was settled more clearly at the
late national election than the determina-
ton on the part Of the people to keep their
currency stable in value and equal to that OF
oIx nF
The soundness of our currency is nowhere
questioned. No loss can occur to its hold
ers. 1t is the system which should be sim
plified and strengthened, keeping our money
just as good as it is now with less expense
to the government and the people.
1.-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 twenty-nine States
and Territories was held at Indianapolis
in January of this year. The financial Sit
uation commanded their earnest attention.
and after a two days session the conven-
ton recommended to Congress the appoinE-
ment of q monetary commission. l COM
mend this report to the consideration OF
Congress. The authors of the report rec
ommend a commission to make thorough
investigation of the monetary affairs and
needs of this country in all relations and
aspects, and to make proper suggestions
as to any evils found to exist and the rene-
dies therefor.
This subject should receive the attention
Of Congress at its special session. it ought
not to be postponed until the regular ses-
sion. 1 therefore urgently recommend that
a special commission be created. nom
partisan in it's character, to be composed
Of well-informed citizens of different par
ties who will command the confidence Of
Congress and the country because OF their
shall be to make recommendations Of what
ever changes in our present banking and
currency laws may be found necessary and
expedient and to report their conclusions
on or before the 1st day of November next,
in order that the same may be transmitted
by me to Congress for its consideration at
it's first regular session.
"It 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 AT all
events such a report cannot fail to be of
value to the executive branch of the gov
ernment as well as to those c.. arged with
public legislation, and to greatly assist in
the establishment of an improved system
of finance. WILLIAM MKINLEY.
Executive Mansion, July a. 1877