Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1897-07-27
CURRENCY REFORM.
House Passes Stone Bill for
Commission.
PRESIDENT SENDS IN HIS MESSAGE.
Text of the acknowledgement Reed
Announces the Make-Up of His
Committecs-Close of the
Extrn Session.

Washington, July 26.-The president
has sent the following message to con.
gress.
ITO the Congress of the United States.
In my message converting the congress in
extraordinary session I called attention to
single sub1ect-that of providing revenue
adequate to meet the reasonable and
proper expenses of the government. be-
Neved that to be the most pressing sub
Ject for settlement then. A bill to provide
the necessary revenues for the government
has already passed the house of represent
atives and the senate and awaits execu-
tive action.
Another. question of very great impor
lance is that Of the establishment of our
currency and banking system on better
basis, which commented upon in my In
augural address in the following words:
"'Our financial system needs some re-
vision; our money is all good, but it's value
must not further be threatened. 1t should
all be put upon an enduring basis, not sub
1ect to easy attack, nor its stability to
doubt or dispute. The several forms of our
paper money offer, in my judgment, a con-
slant embarrassment to the government
and imperil safe balance In the treasury
Nothing was settled more clearly at the
late national election than the determine
ton upon the part Of the people to keep
their currency stable in value and equal to
that of the most advanced nations of the
world.
1.-THE soundness Of our currency is no.
where questioned. No loss can occur to its
holders. 1t Is the system which should be
simplif1ed and strengthened, keeping our
money just as good as 1t Is now, with less
expense to the government and the people.
1.-THE sentiment Of the country is strong
ly in favor of early action by congress in
this direction, to revise our currency laws
and remove them from partisan con;en-
ton. A notable assembly of business men
with delegates from 20 states and terri
tories was held at Indianapolis in January
of this year. The financial situation COM
manded their earnest attention, and after
q two-days' session the convention rec
commended to congress the appointment
of q monetary commission.
II commend this report to the consid-
Grafton of congress. The authors of the
report recommend commission to make
thorough investigation Of the monetary
affairs and needs of this country in all re-
lations and aspects and to make proper
suggestions as to any evils found to exist
and the remedies therefor
This subject should receive the attention
Of congress at the special session. 1t
ought not to be postponed until the regu-
lar session.
'I therefore urgently recommend that
special commission be created, non-parti-
san in Its character, to be composed of
well-tnformed citizens of different parties,
who will command the confidence of con-
gress and the country, because of their
special fitness for the work, whose duty
1t shall be to make recommendations of
whatever changes in our present banking
and currency laws may be found necessary
and expedient. and to report their conclu-
eions on or before the LIST day Of Novem-
Der next, in order that the same may be
transmitted by me to congress for it's
consideration at Its first regular session.
ut IL to be hoped that the report thus
made will be SO comprehensive and sound
az to receive the support of all parties
and the favorable action Of congress. AT
all events such report cannot fail to be
of value to the executive branch of the
government as we'll as to those charged
with public legislation, and to greatly as
sist In the establishment Of an improved
system OF finance.
civilian M'KINLEY.
Executive Mansion. July "a. 1897"