The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-08
CURRENCY is NEXT
N'KINLEY PROVES HIMSELF AN
OBSERVER OF PLEDGES,

His Views Of Carrency Peform, - EuuDci
stsd In HIS Inaugural. are to be Pre-
sented Co Congress Today In . Messag,
Urging the Authorixaclon Of = Currency
Commissiop. After the Sort Called FOL
By tho Indianapolis Convention ab:-
net Considers the Plan and It - Agreed
to-What the President Proposes.
Washington, July THE cabinet 10
day decided that the president should
send TO congress a message already pre-.
pared recommending legislation provid-
ing FOR commission 10 adjust the cur
rency question Of the country.
The message was framed by the pres-i
deni himself, and, like his other special
messages to congress, states the neces-
sity OF the occasion tersely. 1t was pre-
pared by him after &C onsultation OF
one or two advisers and submitted to
the cabinet as a whole only today, when
! !. was read in complete form. 1t recites
the fact that the tariff bill has now pass
ed both the house and the senate, and
hopes that il will soon be concurred in
by both houses. With that acted upon,
subject of equal importance, he says.
demands immediate attention, that OF
reform in our currency. The message
quotes from the presidents inaugural
address, in which he said:
"Our financial system needs some re-
vision; our money is an good now, but
ITS value must not be further threatened.
II should all be put on an enduring ba-
els, not subject to easy attack nor its
stability to doubt or dispute. There
fore I believe it necessary 10 devise a
system which. without diminishing the
circulating medium, or differing a pre-
MUM for its contraction, will put a
remedy for these arrangements. which
are temporary in their nature and might
well in the years of our prosperity have
been displaced by wiser provisions.
With adequate revenue secured. but not
until then, we can enter upon such
changes in our fiscal laws as will, while
insuring safety and volume TO our mo-
ney. no longer impose upon the govern
ment the necessity of maintaining so
1dI 80 6O1u EcScIFSp Will us dtttLOdul
and inevitable temptations to specula-
ton"
It also cites the work and recommend
atoms Of the indianapolis currency con-
vention, and says If the power is vested
in the president, it is his purpose TO ap-
point a commission, non-partisan, con-
sisting Of prominent, we'll informed citi-
zens, who will command public conf
dsnce.
The message closes with the hope that
congress will enact legislation at this
special session to authorize this COM
mission TO be made up of representa-
tives OF both parties, 80 that the presi-
dent may be prepared to reportto con-
gress when it reassembles in the first
term Of the next regular session.
The president, while believing that
congress wi, lrespond to his message, is
not over-confident, and there was some
difference OF opinion expressed by the
cabinet as to the fate the recommen-
dation would meet al this session.
The majority, however. believed that
the opportunity was a. ieast a favor
able one, and that it was, at any rate,
the duty OF the administration to do
what it could to hasten Their eform
The tariff ffbill was not considered al
the meeting today except in its bearing
on the currency commission proposition