The herald., 1897-07-03
CURRENCY
QUESTION
Agitate the Leaders of the
G. 0. P.
THE PRESIDENTS PET PLAN
THE PRESIDENTS PET PLAN
DOESN'T MEET THE APPROVAL
OF HANNA
When Mckinley Returns From Can
ton His Master Will Issue
Appropriate Orders

| WASHINGTON, July 2.-The ques-
tion whether the president will send
message to congress recommending the
creation of a currency commission will
be, definitely decided next week.
The president is strongly inclined at
this time to send special message to
congress, regarding himself as in con-
siderable measure pledged to this
course. In fact, it was semi-officiaily
announced at the White House late this
afternoon that such a message would
be sent to congress next week, but some
of the presidents influential advisers on
financial questions are opposed to a
message as impolitic at this time, owing
to hostility to a commission on the part
of congress and the final determination
as stated, will not be reached until Mr..
McKnleys return from Canton. The
executive committee of the Indianapolis
sound money convention has been ac-
| lively advocating the commission
| scheme ever since the advent of the
present administration. 1t had also the
sympathy of the president, who COM
mitted himself to it in his inaugural.
| President Mckinley, however, did not
care to recommend it to congress while
the tariff bill was pending lest it might
| complicate and delay action upon the
measure. But all along the chief diff
Guilty which presented itself to those who
| favored a commission for the investi-
cation of the currency system has been
| the opposition it would encounter in
| congress While a bill for the creation
of commission could easily be passed
| in the house. where factious opposition
would be unavailing against the opera
| ton of cloture order. such opposition
in the senate might be almost intermin-
| able Several of the silver senators
have openly avowed their unalterable
hostility to the creation of commits
| sion. and Senator Teller of Colorado has
| declared that he would remain here un-
| til December to defeat it. This being
| the situation, it is understood that some
of the members of the Indianapolis con-
vention are now inclined to the belief
that it would perhaps be a mistake to
press their request for the creation of
a commission by congress. The better
and wiser thing to do, some of them n ow
think, would be to withdraw their re-
quests, for a commission and to use the
provisional power vested in the commit
| tee by the Indianapolis convention and
| themselves select a committee to inveS-
| tigate the currency question and present
their conclusions through the public
press. If their conclusions were such
as the administration would subscribe
| to they would be made the basis of an
| administration measure, modified as
Secretary Gage, conducting an inde-
pendent investigation might suggest
The secretary will be al work for some
time on a comprehensive currency re-
form scheme, and some suggestion has
been made as to the wisdom of not hav-
ing further investigation of the ques-
tion, but of permitting Mr.. Gage, who
has the full confidence of business men
generally, to frame a measure, after
such consultation as he may desire with
financiers, business men, members of
the house and senate and others.
| The matter was under discussion at
the cabinet meeting today, but not in
manner to lead to definite conclusion
or policy. 1t is not probable that Mr.
Hanna, who is chairman of the execu
tive committee of the Indianapolis con-
vention, and perhaps other members of
the committee, will come to Washing
ton, after the presidents return from
Canton, to discuss the situation with the
president and Mr.. Gage.