Evening star., 1897-07-24
A MONEY MESSAGE
The Presidents Views Communi-
Gated to Congress.
IN FAVOR OF IMMEDIATE ACTION
Believes in a Commission to Study
the Subject.
REGENCY OF THE CASE

The President sent the following mes
sage to Congress this afternoon:
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 rev.
enue adequate to meet the reasonable and
proper expense of the government l be-
lieved 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 the Senate and awaits exec
utive action.
Another question of very great import
ance 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 revi-
sion; our money is all good now, but its
value must not further be threatened. 1t
should all be put upon an enduring basis,
not subject to easy attack, nor Its stabll-
ity to doubt or dispute. The several forms
of our paper money Offer in my Judgment,
a constant embarrassment to the govern
ment and imperil a safe balance in the
treasury
Nothing was settled more clearly at the
late national election than the determlna-
ticn upon the part of the people to keep
their currency stable in value and equal to
that of the most advanced nations of the
world.
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 it is now, with less
expense to the government and the people.
The sentiment of the country is strongly
in favor of early action by Congress in this
direction, to revise our currency laws and
remove them from partisan contention. "A
notable assembly of business men, with del
egates from twenty-nine states and terri
tories, was held at Indianapolis in January
of this year. The financial situation COM
manded their earnest attention. and after
two days session the convention recon-
menGed to Congress the appointment OF a
monetary commission.
l commend this report to the considera-
ton of Congress. The authors of the re-
port recommend commission ito make
thorough investigation of the monetary
affairs and needs of this country in all re-
lations and aspects, and to make proper
suggestions to any evils found to exist
and the remedies therefor"
This subject should receive the atten-
ton of Congress at its special session.
1t ought rot to be postponed until the reg
ular session.
l therefore urgently rec ommend that
special commission be created, non partisan
in its character. to be composed of we'll
infCl med citizens of different parties who
VIII command the confidence of Congress
and the country because of their special
h:r ess for the work, whose duty it shall
be to make recommendations of whatever
changes in our present banking and cur
rency laws may be found necessary and
eApedlent and to report their conclusions
en- or before the fst day of November 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 Tins
MADE Will be SC comprehensive and sound
as TO receive the support of all parties
ana the favorable action of Congress At
all events such 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
WILLIAM MCKINLEY.
Executive Mansion, July, 1897