Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-10-28
CURRENCY PROBLEM
The Monetary Commission win
Soon Prepare a Measure.
MANY PEOPLE Give THEIR VIEWS.
The suggestions Range Over Every Phase
Of The subject-A Financier Discusses
the Work Of the COmmissiOn and
Gives His Opinion.

November 8 it will be ready to begin
the preparation Of its currency meas
ure and the report that will accom-
pany it. The measure itself will not
De one Of great length, and it is prob
able that the report, instead of AZ
tempting TO give digest Of all the
suggestions and testimony before the
commission, will confne itself to
clear statement Of facts and terse argu-
ments in support Of the measure agreed
upon. The people generally have re-
sponded very freely TO the invitation
of the commission to contribute their
views, and it has received in this way
a very fair index of public opinion
upon the subject in every section Of
the country, The great mass Of the
suggestions has been from men
who have evidently given much
careful study and intelligent thought
to the currency question. The sug-
gcstions range over every possible
phase Of the subject, and almost every
writer has some suggestion to make as
to the place that silver should hold in
the currency Of the country. A num-
Der Of men suggest the acceptance of
silver in unlimited quantities with the
issuance of certificates at market rates
for the bullion with redemption of
these certificates when presented at
ruling market rates. Others suggest
that no paper money Of less than $40
denomination be issued in any form,
thus requiring q larger circulation of
silver dollars and subsidiary coins.
But the experience Of bankers has
been that the small notes have an
enormous popularity. Several men
suggest the coinage of a monetary
unity composed Of combination of
gold and silver, and others suggest
simply the issuance Of certificates rep
resenting gold and silver ingots. This
would contemplate gold ingot unit
and silver ingot unit and, whether
the government simply issued certi6-
cate or coined the metal, its only con-
nection with the currency would be to
guarantee the weight and fneness Of
the metal.
The commission asked number Of
questions Of many financial experts
and men Of large experience in 6nan-
cial affairs. The tenor OF the replies
received is conservative and demolished
the rather widespread notion that
there is desire among men Of this
class for the withdrawal Of green
backs and treasury notes. One Of the
best known fnanciers Of the country,
who recently submitted his views to
the commission on request, said to the
Associated press representative in dis
cussing the work Of the commissions
think the revenue and finance departments
Of the government should be completely sepa-
rated. Revenue is one question and the prob
lem of currency and banking Is another, and in
their details they have no proper connection
should like to see our variegated paper cur
rency unified into two sections, coin certif-
Gates and silver certificates, the coin certit-
Gates to be confined to denominations OF sl0
and over and the silver certificates to IS, ~ and
u bills gradually withdrawing all silver GER
tiflcates of denominations higher than s5 The