Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-25
CURRENCY MESSAGE.
1T IS DULY SENT IN ny THE
PRESIDENT
COMMENDATIOS OF INDILHApOLITASS
recommendation That Special
Non-Partisan Commission of Busi.
ness-Mcn He Appointed. to Repore
by November.

WASHINGTON. July 2i.-The Presiden,
to-day sent the following message to Con-
gress.
TO tho Congress OF the United States:
In my message convening the Cons
gress in extraordinary session, l called
attention to single subject.-that of pro-
viding revenue adequate to meet tho rea-
sonable and proper expenses OF the gov-
ernment. l believed that TO be the most
pressing subject for settlement then. A
bill TO provide the necessary revenues for
the government has already passed thu
House OF Representatives and the Senate
and awaits Executive action.
Another question Of very great i'm
portance is that Of the establishment oe
our currency and banking system on
better basis, which commented upon In
my inaugural address In the following
words:
Our financial system needs some re-
vision; 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 sta
bility 10 doubt or dispute The several
forms Of our paper money offer. in my
judgment, a constant embarrassment to
the government and imperil a safe ball
ance I'm the Treasury
Nothing was settled more clearly az
the late national election than the de-
termination upon the part of the people
to keep their currency stable In value and
equal TO that OF tho most advanced ma
uons OF the world. The soundness of our
currency is nowhere questioned. No Ioss
can occur to its holders. Ii is tho sys-
tenn which should be simpined ana
strengthened. keeping our money lust az
good as 1t Is now. with less expense 70
the government and 20 the people. The
sentiment of the country is strongly in
favor Of early action by Congress in this
direction, to revise our currency laws ana
remove them from partisan contention.
THE IND1ANAPoLiTANs.
"a notable assembly Of businessmen,
with delegates from twenty-nine States
and Territories. was held at Indianapolis
In January OF this year. The financial
situation commanded their earnest at
tention. and after a two days session
the convention recommended to Congress
sion.
Il commend this report TO the conslde-
ration Of Congress. The authors Of tho
report recommended a commission TO
make thorough investigation of the
monetary affairs ana needs Of this coun-
try. in all relations and aspects. and to
make proper suggestions as to any evils
found TO exist and the remedies therefor.
This subject should receive the at
tentlon OF Congress at its special session.
It ought not TO be postponed until the
regular session. L therefore urgently re-
commend that special commission be
created. non-partisan in its char
acter, to be composed OF we'll
informed citizens OF different parties
who Will command the confidence OF
Congress and tho country, because OF
their special fitness for the work, whose
duty it shall be 10 make recommenda-
tions OF whatever changes IN our present
banking and currency laws may be found
necessary or expedient. and to report their
conclusions on or before the 1st day OF
November next I'm order that tho same
may be transmitted by me to Congress
for its consideration at It's first regular
session.
ut is TO be hoped that the report thus
made wiH be SO comprehensive and sound
as TO receive the support OF all parties.
and the favorable action Of Congress.
At all events. such report cannot fan
to be Of value TO the Executive branch
of the government, as well as 10 those
charged with public legislation, and to
greatly assist in the establishment OF an
improved system of finance.
(Sgned) WILLIAM MKINLEY.
Executive Mansion, July q. 1877"
INTERNATIDNAI, uINETAJIIgM.