The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-11-24
HAS NO PATH OF ROSES
THE COMING FINANCIAL BilL WILL:
HAVE TROUBLE.
President Mckinley Supposed TO Fa-
vOf the Action Of the Monetary
Commission.

Special Telegram to the Tribune.
WASHINGTON, D. c., Nov. 21-During
the closing hours of the extra session of
the Fifty-fifth congress the house of repre-
sentatives passed bill creating a currency
commission and defining it's duties.
The bill which was urged by President
with a precipitancy equal to the hasty
action of the house. In fact it was we'll
known that it would never be voted on in
the upper branch of congress during the
session.
Nevertheless the currency commission,
now closing long and !aborlous season of
hard work in Washington, has followed the
provisions Of the bill passed by the house
to the very letter, and had the bill been
on the statute books there would have been
no fuller compliance with it's provisions.
1t is the talk To-Day among some of the
senators and members who are here for
the session. that the permanent currency
commission idea is to be abandoned and
all efforts by the currency reformers is to
be centered in securing the passage of a
bill for the protection of the gold reserve,
and the stability of the paper currency
the country. To this end the currency
commission has directed it's attention for
several months, and has maintained most
complete and well equipped bureau in
Washington; with sixteen employees, sew
eral of whom are financial experts; with a
a vast amount of information voluntarily
and otherwise coming before it for action,
the commission. whatever may be the re-
suit Of its labors, will undoubtedly present
an exhaustive and thorough review of the
financial situation.
But those who are in position to speak
knowingly insist that President Mckinley
G 1fo fn f,6n tho irv,,o
report in his annual message upon which
he is now engaged. To maintain this view
1t is cited that in the special message
sent to congress on the very last day of
the extra session the president gave
direct Endorsement to the move inaugurated
before the president himself took office
Accordingly the bill or joint resolution
was put through the house on the closing
evening of the session and there were
scenes of much confusion and disorder.
The Republicans were by no means
agreed as to what should be DONE Repre-
sentative Henry U. Johnson the third
member of the committee on banking and
currency, opposed the resolution and offer
ed an amendment providing for the ap-
pointment of three senators and three rep
resentatives on the commission This was
defeated.
Hon. ]. T. McCleary, of Minnesota, an
other member of the committee on bank
ing and currency. did not record his vote
either for or against the presidents recon-
mendations. Representative Eddy, of the
Seventh district would not vote. He said
it was futile at the very close of the ses-
sion to rush through such an important
bill. He believed congress was able to deal
with the subject And since his return. Mr.
Eddy cites the prosperous times to sus-
tain his position that no currency tinker
ing was needed last July.
One marked objection to any action on
the money question at this time is that
the balance of trade is now with the United
States, and the strong advocates of the
protective system say that there will be
no neeG of retiring the greenbacks and
other paper obligations of the government,
with the KlOndlke on one side of the
United States and continual gold imports
coming in at the other side.