Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1897-07-28
THE PRESIDENTS MESSAGE.
Mckinley Asks Congress 10 Provide for
a CnrrencY Com omission.

Washington. y. C.. July 24.-Ihe Pres
idCnt has sent the following message to
Congress:
TO the Congress Of the United States: In
MY message converting the Congress in cX-
traOrdinary session, | called attention to
single subiect-that Of providing revenue
adequate to meet the reasonable and proper
expenses Of the government ! believed that
to be the most pressing subject for settle
ment then a bill to provide the necessary
revenues for The government has already
passed the House Of Representatives and the
Senate. and awaits executive action.
Another question of very great Importance
is that of the establishment of our currency
and banking system on better basis which
] commented upon in my Inauguration adj
dress in the following words: Our financia!
system needs some revision; our money is all
good, but its value must not further be
threatened. ii should all be put upon an en-
during basis, not subject TO easy attack, nor
it's stability to doubt or dispute. The sew
eral forms OF our paper money oIer, III my
judgment, constant embarrassment to the
government and impcri a safe balance IL
the treasury"
Nothing was settled more clearly at the
late national election than the determination
upon the part Of the people to keep their
currency stable in value sind equal 10 that
Of the most advanced nations OF the world.
The sOundneSs OF our currency is nowhere
questioned. No loss can occur to its holders;
1t is the system which should be @implitied
and strengthened. keeping our money just
as good rs it now is with less expense to the
government ana to 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 contention. no.
table assembly of business men with delegates
from twenty nine states and territories was
held at indianapolis in January Of this year.
The financial situation commanded their
earnest attention and after a two-days' SEES
sion the convention recommended to Con-
greSS the appointment Of Il monetary COM
mission.
| commend this report to the consideration
OF Congress. The authors Of the report rec
Ommend commission ''tO make q thorough
investigation OF the monetary affairs and
needs Of this country III all relations and as
poets and to make proper suggestions to
therefor"
This subject should receive the attention
or Congress at the special session. 1t ought
not TO De postponed until the regular SEES
sion.
l therefore urgently recommend that a
speclal commission be created, nom partisan
Informed citizens of different parties who
will command the confidence of Congress
and the country because of their special
fitness 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
eXpedient, and to report their conclusions
on before the first day of November
next, III order that the same may be trans
mitted by me to Congress for its conSid-
Grafton at its first regular session.
1t is to be hoped that the report thus
made will be so comprehensive and sound
as to receive the support of all parties and
the favorable action of Congress. At all
events such a report cannot fail to be of
value to the executive branch of the gov
eminent as well as to those charged with
public legislation, and to greatly assist in
tbe establishment of an improved system of
finance. WILLIAM MK1NLEY.
Executive Mansion, July "a, 1897
Mr.. Henderson of Iowa followed the
reading of the Presidents message with