Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1897-08-03
CURRENCY REFORM NEXT
TEXT or PasssDsNT MekIRLsy's
Latest MESSAGE.
Urges the creation Of . Com mission
or we,i.1sformsA Men neGsra.
less or Party.

washington, ~. W, July "a
President Mckinley sent the fol-
lowing message to Congress yes
terday: To the Congress of the
United States: In my message
converting Congress in extraordi-
nary session called attention to a
single subject-that of providing
revenue adequate to meet the
reasonable and proper expenses
of the Government. 1t seemed to
be the most pressing for settle
ment then. A bill to provide the
necessary revenues for the Gov
eminent has already passed the
House of Representatives and the
Senate, and awaits executive &C
ton.
Another question of importance
is that of establishment of our
currency and banking system on a
better basis, which l commented
upon in my inaugural address in
the following words:
Our financial system needs a
revision; our money is all good,
but its value must not be further
threatened. 1t should all be put
upon an enduring basis, not sub
ject to easy attack. The form of
our paper money offers, in my
judgment, a constant embarrass-
ment to the Government and i'm
perils safe balance in the
treasury,
Nothing was settled more clear
ly at the late National election
than the determination upon the
part of the people to keep their
currency stable in value and
equal to the most advanced ma.
tons of the world.
The soundness of our currency
is nowhere questioned. No loss
can occur to it's holders. The
system 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 re-
move them from partisan conten-
ton. A notable assembly of
business men, with delegates
from twenty-nine States and Ter
ritories, was held at Indianapolis
in January of this year. The
financial situation commanded
their earnest attention, and after a
two days. session the convention
recommended to Congress the
appointment of monetary COM
mission.
l commend this report to the
consideration of Congress. The
authors of the report recommend
commission to make thorough
investigation of the monetary
affairs and needs of this country
in all relations and aspects and to
make proper suggestions for any
evils found to exist and the rems-
dies therefor. This subject should
have been called to the attention
of Congress at the special session.
1t ought not to be postponed till
the regular session.
l therefore urge and recon-
mend that special commission
be created, non partisan in its
character, to be composed OF we'll
informed citizens of different
parties, who will command the
confidence of Congress because
of their special fitness for the
work, whose duty it shall be to
make Recommendations OF what
ever changes in our present bank
ing and currency laws may be
found necessary and expedient,
and to report their conclusions on
or before the first 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 will be
30 comprehensive and sound as to
receive the support of all parties
and the favorable action of Con-
gress. At oil events, such re-
port cannot fail to be of value tc
the executive branch Of the Gov
eminent, as well as to those
charged with public legislation
and greatly assist in the establish
mani Of an improYed sYatem 81