The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-07-29
CURRENCY MESSAGE ISSUED
PRESIDENT M'KINLEY CALLS THE
ATTENTION OF CONGRESS TO
OUR CURRENCY SYSTEM.
NON PARTISAN COMMISSION URGED
To Investigate the Currency Cues
ton md Report Their COncIu-
sions ut the Next Regular
Session of Congress.

Washington, July 24.-The president
has sent the following message to con-
| gress:
To the Congress of the United States
| In my message converting congress IN
extraordinary session | called attention
to Il single subject-that of providing
revenue adequate to meet the reasonable
and proper expenses of the government.
/ believed that this was the most press
ing subject for settlement then. A bill
to provide the necessary revenues for the
government has already passed the house
of representatives and also the senate
and awaits executive action.
Another question of very great import
ance is that of the establishment of our
currency and banking system on bet
ter basis, which ! commented on in my
inaugural address in the following words:
"Our financial system needs some revi-
sion: our money is all good now, but it
must not be further threatened. 1t
should all be put upon an enduring basis
not subject to easy attack, nor its stabil-
ity to doubt or dispute. The several
forms of our paper money offer, in my
Judgment, a constant embarrassment to
the government and imperil a safe bal
ance in the treasury
Nothing was settled more clearly at
the late national election than the deter
minati0n upon the part of the people to
keep their currency stable in value and
equal to that of the most advanced ma
tons of the world
The s0lidness of our currency is not
here questioned. No loss can occur to
its holders. 1t is the system which
should be simplitied and strengthened.
Keeping our money just as good as it is
now with less expense to the government
and the people. The sentiment of the
country is strongly in favor of early ac-
ton by congress in this direction, to re-
wise our currency laws and to remove
them from partisan contention. a nota-
bly, assembage 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 atten-
ton, and after Il two days session the
convention commended to congress the
appointment of II monetary commission.
| commend this report to the cOnsidera-
ton of congress. The authors of the re-
port recommend Il commission to make
Il thorough investigation of the monetary
aifalrS and needs of the country in all
relations and aspects. and to make proper
suggestions as to any evils found to exist
and the remedies therefor. This subject
should receive the attention of congress
at its special session. 1t ought not to
be postponed until the regular session.
l therefore urge the recommendation of
n special commission to be created. non
partisan in its character to be COM
posed of well Informed citizens Of diff
ferent parties who will command the con
dence OF congress and the country be-
cause of their special fitness for the
work. whose duties it shall be TO make
recommendations of whatever changes in
our present banking and currency laws
may he found necessary and eypedient
and TO report their conclusions ON or he
fore the LIST day of November next in
order that same may be transmitted Inv
me to congress for its consideration at
MS hrst regular session
1t is to he hoped that the rcport tins
made Will he so comprehensive and sound
as to receive the support of all parties
ana the favorable action of congress. At
al events such Il report can not fail TO
De OF value to the executive branch of
me government as well as to those
charged with public legislation and to
greatly assist in the establishment of an
improved system of finance
I,Slgnedl WILLIAM MKINLEY.
Executive Mansion, July a. 1897.