The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-25
mN1NLEY,s cURRENCY MEssAcE.
The President Advocates Currency
Commission.

Washington, July M-The President to-
day sent the following message to the
congress:
ITO 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 prop
er expenses of the government. believed
that to be the most pressing subject for
settlement then. A bill to provide the
necessary revenues for the government
has already passed the House of Repre-
sentatives and Senate and awaits execu-
tive action. Another question Of very
great Importance is that of the establish
ment of our currency and banking system
on better basis, which 1 commented up
on in my inaugural address in the follow
ing words: Our financial system needs
some revision; our money is all gold now,
but it's value must not further be threat
ened. 1t should all be put upon an en-
during basis not subject to easy attack,
nor its stability to doubt or dispute. The
several forms of our paper money offer,
in my judgment, a constant embarrass-
ment to the government and imperil
safe balance in the treasury
Nothing was settled more clearly at
the late national election than the deter
minatlon upon the part of the people to
keep their currency stable in value and
equal to that of the most advanced ma
tions Of the world. The soundness of our
currency is nowhere questioned. No loss
can occur to its holders. It is the sys-
TEN which should be smplihed 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 strong
ly in favor of early action by congress in
this direction to revise our currency laws
and remove them from partisan conten-
ton. A notable assembly Of business men
with delegates from twenty-nine states
and territories was held at Indianapolis in
January of this year. The financial stu.
alton commanded their earnest attention
and after a two days session the con-
vention recommended to congress the ap-
pointment of a monetary commission. l
commend this report to the consideration
Of congress. The authors Of the report
recommend a commission to make thor
ouRh investigation OF the monetary ar-
fairs and needs of this country in all re-
lations and aspects and to make proper
suggestions as TO any evils found to exist
and TIE remedies therefor.
''This subject shoull receive the atten-
ton of congress atdN5 special session. It
ought not to be postponed until the regu-
lar session.
II therefore urgently recommend that a
special commission be created, non-parti-
san in its character, to be composed of
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
il shall be to make recommendations of
whatever changes in our present banking
and currency laws may be found neces-
sary and expedient, and to report their
conclusions on or before the first day of
November next, in order that the same
may be transmitted by me to congress for
it's consideration at it's first regular ses-
sion.
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 a report cannot fail to 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.
Signed: William Mckinley.
Executive Mansion, July "A, 1897.