The Bourbon news., 1897-03-05


money is all good now, but its value must not
further be threatened 1t should all be put ons
an enduring basis, not subject to-
easy attack nor its stability to
doubt OF dispute. Our currency should con-
tinue under the supervision OF the govern =
ment The several forms of our paper money
offer, in my judgment, u constant embarrass-t
ment to the government and safe balance in
the treasury Therefore believe it neces-
sary to devise a system which, without di-.
minish hing the circulating medium. or Offering
a premium for it's contraction, will present a
remedy for those arrangements which. tempo-
rary in their nature might well in
the years of our prosperity have been dis
placed 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.
money, no longer impose upon the governs
ment the necessity Of maintaining so
large a gold reserve. with it's. attendant
and Inevitable temptations to specula-
tion. Most of our financial laws are
the outgrowth Of experience and trial, and
should not be amended without investgation
and demonstration OF the wisdom OF the pro-
posed changes We must be both sure we
are right and make haste slowly. II.
therefore, congreSs'in its wisdom shall deem
it expedient TO create con m ssiou to
take early considerable the revision of
our coinage banking and currency
laws, and give them that ex-
haustive. careful and dispassionatc examiua-
tion that their Importance demands, l shall
cordially concur in such action Ii such pow
is vested in the president. IL is my purpose
to appoint commission of prominent we'll
informed citizens of different parties, who
will command public confidence, both on ac-
count of their ability and special fitness
for the work Business experience
and public training may thus be
com biued and the patriotic zeal OF the friends
of the country be so directed that such re-
port will be made as to receive the support of
all parties, and our finances ceases to be the
subject of mere partisan contention The ex-
pertinent is. at all events, worth trial. and
in my opinion it can but prove beneficial TO
the entire country.
The question of international bmetallism
will have early and earnest attention. 1t will
be my constant endeavor to secure by coop
GRAFTON with the other great commercial pow
ers of the world until that condition is real
lied when the parity between gold and
silver money spring from and is supported by
the relative value of the two metals, the
value of the silver already coined, and
of that which may hereafter be coined,
must be kept constantly at par with
gold by every resource at our command. The
credit of the government the integrity Of it's
currency and the inviolability OF its obliga-
tions must be preserved This was the COM
manding verdict Of the people and it will not
be unheeded
Economy is demanded in every branch OF
the government at all times, but especially
| in periods like the present of depression in
business and distress among the people.
The severest economy must he OBJ
served in ali public expenditures
and extravaganza stopped whenever it is
found and prevented wherever In the future il
may DO developed II the revenues are to re-
main now. the only relief that can come