River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1897-07-29
A SPECIAL MESSAGE.
President Asked Congress to Create
Currency Commission.


Washington, July 26.-lmmediately
upon signing the new tariff law Presi-
dent Mckinley sent TO congress a mes-
sage asking for the creation of spe-
cial non-partisan commission to make
recommendations regarding our bank
ing and currency laws. The house
quickly responded by passing the Stone
bill, introduced some days ago. The
senate, however, adjourned without
taking any action. Following is the full
text of the document:
ITO the Congress OF the United States.
In my message converting the congress in
extraordinary session I called attention to
single sunject-that of providing revenue
adequate TO meet the reasonable and
proper expenses of the government. be-
level that 10 be the most pres ling sub
ject for settlement then. A bill 10 provide
the necessary revenues for the government
abs already passed The house ofrepresenta-
tives and the senate and awaits executive
action.
Another question Of very vast impor-
lance is that of the establishment OF our
currency and banking system On better
basis, which l commented upon IN my In
augural address in the following words
our financial system needs some re-
vision: our money is all good, but its value
must not further be threatened II should
all be put on an enduring basis. not sub
ject to easy attacks, nor its stability TO
doubt or dispute The several forms of our
paper money offer. in my Judgment, q con-
slant embarrassment to the government
and imperil a safe balance in the treasury.
Nothing was settled more clearly at the
late national election than the determine
ton upon the part of the people to keep
tn cir currency stable in value and equal to
# advanced nations
world.
1.-THE soundness of our currency is no
where questioned. No loss can occur to its
holders. 1t is the system which should be
simplified and strengthened, keeping our
money just as good as 1t is now, with les
expense to the government and the people.
THE sentiment of the country is strong
ly in favor of early action of congress n
this direction. to revise our currency laws
and remove them from partisan conten-
ton. A notable assembly of business men
with delegates from 20 states and terri
tories was held at Indianapolis in January
of this year. The financial situation com
manded their earnest attention, and after
a two-days' session the convention rec
ommenc a n congress the appointment
of JnetaIs commission.
Il ommend this report to the constd-
GRAFTON of congress The authors Of the
report recommend commission to make
a thorough investigation of the monetary
affairs and needs of this country in all re-
lations and respects and TO make proper
suggestions as to any evils found to exist
and Il remedies therefor
This subject should receive the attention
of congress al the special session. 1t ought
not to be postponed until the regular
session.
II therefore urgently recommend that a
special commission be created. non-parti-
san I'm its character, to be composed of
well-informed citizens of differnt parties,
who win command the confidence OF con-
gress and the country, because Of their
special fitness for the work, whose duty
IL shall be to make recommendations of
whatever changes I'm our present banking
and currency laws may be found necessary
and expedient, and to report their conclu-
sions on or before the LIST day of Novem-
Der next. In order that the same may be
transmitted by me to congress for its
consideration at its first regular session.
ut is to be hoped that the report thus
made will be so comprehensive and sound
as to receive the support Of all parties
and the favorable action of congress. At
all events such a report cannot fail to be
of value 10 the executive branch of the
government as well as to those charged
with public legislation, and to greatly as
sist In the establishment Of an improved
system of finance.
WILLIAM MKINLEY.
Executive Mansion, July "a, 1897"