The true northerner., 1897-07-28
CURRENCY REFORM.
President Urges the Creation of .
Commf mfssion.

Commission.
Washington, July 26.-The president
has sent the following message TO con-
gress.
"To the Congress OF the United States:
In my message convening the congress In
extraordinary session called attention to
a single subject-that of providing revenue
adequate to meet the reasonable and
proper expenses of the government. l be-
lieved that TO be the most pressing sub
feet for settlement then. A bill TO provide
the necessary revenues for the government
las already passed the house of represent
atives and the senate and awaits execu-
tive action.
Another question OF very great impor-
tance Is that OF the establishment OF our
currency and banking system on better
basis. which 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 he threatened. IL should
all be put upon an enduring basis, not sub
ject TO easy attack. nor It's stability to
doubt or dispute. The several forms OF our
paper money offer. In my judgment. 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
tion upon the part Of the people TO keep
their currency stable In value and equal 10
that Of the most advanced nations OF the
world.
THE soundness of our currency is no.
where questioned. No loss can occur TO It's
holders. Ii is the system which should be
simplified and strengthened, keeping our
money just as good as II is now, with less
expense to the government and the people.
THE sentiment OF the country Is strong
ly in favor of early action by congress in
this direction, 10 revise our currency laws
and remove them from partisan conten-
ton. A notable assembly Of business men
&el. 1AIA enf md
tories was held at indianapolis in January
of this year. The financial situation COM
manded thar earnest attention. and after
two-days' session the convention rec
commended to congress the appointment
of a monetary commission.
II commend this report TO the consid-
Grafton OF congress. The authors Of the
report recommend a commission to make
thorough investigation OF the monetary
affairs and needs OF this country in all re-
lations and aspects and TO make proper
suggestions as TO any evils found 10 exist
and the remedies therefor.
This subject should receive the attention
Of congress at the special session. 1t
ought not 10 be postponed until the reSu-
lar session.
~ therefore urgently recommend that
special commission be created. non-parti-
san in its character, TO be composed or
well-informed citizens OF different parties.
who will command the confidence of con-
gress and the country, because Of their
special fitness for the work, whose duty
ii shall be TO make recommendations Of
whatever changes in our present banking
and currency laws may be found necessary
and eXpedient, and to report their conclu-
sons on or before the 1st 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.
1T 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 report cannot fall 10 be
OF value TO 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.
civilian M'KINLEY.
Executive Mansion. Jliy "a. 1897"