The Chipley banner. (Chipley, Washington County, Fla.) 1893-1943, 1897-07-10
| CURRENCY Commission
THE SUBJECT OF MUCH sPECULA.
TI0N IN WASHINGTON.
PRESIDENT MAY RECOMMEND ONE.
1t IL Rumored That He viii Send Special
Message 10 Congress Regard
Ing the Matter.

Ing the Matter.
A Washington special OF Friday
says: The question Of whether the
president will send special message
TO congress recommending the crea-
ton Of currency commission will be
definitely decided next week.
The president is strongly inclined
at this time to send special currency
message to congress, regarding himself
as in q creditable measure pledged to
this course.
In fact, it was semi-officially an
nounced OF the white house that such
q message would be sent to congress
next week, but some Of the presidents
most influential advisers on financial
questions are opposed to Q message as
impolitic at this time owing to hos
tility to a commission on the part Of
congress, and the final determination,
as stated, will not be reached until
Mr.. McKialey's return from Canton.
The executive committee Of the In
dianapolis sound money convention
have been actively advocating the
committees scheme ever since the ad-
vent of the present administration.
1t has also the sympathy Of the presi-
dent, who committed himself to it in
his Inauguration. President McKin-
ley, however, did not care to recon-
mend it to congress while the tariff
bill was pending lest it might compli-
cate and delay action on that measure.
All along the chief difficulty which
presented itself to those who favored
a commission for the investigation Of
the currency system has been the op-
position it would encounter in con-
gress.
While bill for the creation Of COM
mission could easily be passed in the
house where fsct;ous opposition would
be unavailing against the operation Of
a cloture order that would bring II to
a vote, such opposition in the senate
might be almost interminable. Sew
eral OF the silver senators have openly
avowed their unalterable hostility to
the creation OF commission and Sem
ator Teller, of Colorado, has declared
that he would remain here until De-
cember to defeat il.
This being the situation, it is under
stood that some Of the executive COM
mittee members of the Indianapolis
convention are now inclined TO believe
that it would perhaps be mistake to
press their request for the creation OF
commission by congress. The better
and wiser thing to do, some Of them
now think, would be to withdraw their
requests for q commission and to use
the provisional power vested in the
committee by the Indianapolis con-
vention and them selves select . COM
mittee to investigate the currency
question and present their conclusions
through the public press.
II those conclusions were such as
the administration could subscribe to,
they could be made the basis of an sd-
ministration measure modified as Sec
Rotary Gage, conducting an independ-
ent investigation, might suggest.
The secretary has been at work for
some time on comprehensive curren-
cy reform scheme and some suggestion
has been made as to the wisdom Of not
having further agitation Of the ques-
ton but of permitting Mr.. Gage, who
has the full confidence Of business
men generally, to frame . measure af-
ter as much consultation as he may de-
sire with financiers, business men,
members of the house and the senate
and others.
The matter was under discussion at
the cabinet meeting Friday, but not in
a manner to lead to q definite conclu-
sion on policy, and the matter went
over until their return to the city
next week, when it is probable that
Mr.. H. H. Hanna, chairman Of the
executive committee of the Indiansp-
oils convention, and perhaps other
members of the committee will come
to Washington to discuss the situation
with the president and Mr.. Gage.
Upon the result Of the conference
will probably depend President Nc
Kinley's action as to q special mes
sage to congress.