Evening star. [volume] (Washington, D.C.) 1854-1972, 1897-07-07
Will Be Sent to Congress by the
President.
DISCUSSED BY The CABINET
Views in Line With the Inaugural
Address.
W II AT WAS SAID THE N

President Mckinley will tomorrow send
| to Congress a message on the currency
problem. This is conditioned on the Senate
| voting this afternoon on the tariff bill. If
| this vote should be postponed the sending
| of the message will also be postponed.
The message was discussed at the cabinet
meeting today. Contrary to expectations,
| the President summoned meeting of his
advisers for today. Yesterday was the reg
ular meeting day. but the President did not
| get back from Canton in time, and it was
| thought no meeting would be held until
next Friday.
The currency message has already been
| prepared and was submitted to the cabinet
! in the shape 1t will go to Congress. No
| material changes were suggested or recon-
mended by the official advisers. 1t was re-
ported before the opening of the meeting
| that majority of the cabinet officers were
opposed to the message going to this ses-
sion of Congress, but this report could not
be confirmed.
In Line With Inaugural Address.
The message is in line with the inaugural
remarks of the President on-this subject
It will call attention to the needs OF cur
| reEcy legislation, and will suggest a COM
mission as the proper method to bring
about this legislation. The matter will
| then be in the hands of Congress-, and the
President will have carried out his ideas.
AS the message Is addressed to the ex-
| traordinary session of Congress. it is un-
| derstood to be the earnest hope of the
President that action will be taken before
| adjournment. Secretary Gage and other
ca binet officials express similar hopes.
| The President has prepared the message
| without consultation with the republican
! leaders as to whether bill can be passed
| before adjournment. His view is that he
has done what he considers his duty, and
| the responsibility no longer rests with him.
| This policy Of not consulting the leaders
| was followed in the case of the President s
Hawaiian message.
The President ON the Currency.
| President Mckinley said in his inaugural
| address:
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 stability
| to doubt or dispute. Our currency should
continue under the supervision of the gov
ernment. The several forms of our paper
| money offer, in my Judgment, a constant
embarrassment to the government and a
safe balance in the treasury. Therefore 1
believe 1t necessary to devise a system
which, without diminishing the circulating
medium, or offering a premium for its con-
TRACTION, VIII present a remedy IOr those
| arrangements, which, temporary in their
nature, might we'll In the years of our
| prosperity have been displaced by wiser
provisions.
with adequate revenue secured, but not
until then we can enter upon such changes
In our fiscal laws as will, while insuring
safety and volume to our money, no Il niger
impose upon the government the necessity
OF maintaining SO large a gold reserve
with its attendant and inevitable tempta-
ttons to speculation. Most of our financial
laws are the outgrowth Of experience and
trial, and should not be amended without
investigation and demonstration OF the
wisdom of the proposed changes We must
be both sure we are right and make haste
slowly
IF, therefore, Congress in its wisdom
shall deem 1t expedient to create q commits
sion to take under early consideration the
revision OF our coinage, banking and cur
rency laws, and give them that exhaustive.
careful and dispassionate examination that
their Importance demands, shall cordially
concur In such action. If such power ia
vested In the President. 1t is my purpose to
appoint commission Of prominent veil
informed citizens of different larties, who
Will command public confidence both on ac-
count Of their ability and special fitness
Tor the work. Business experience and pub
hc training may thus be combined, and the
patriotic zeal Of the friends of the country
be 80 directed that such a report viii ie
made as to receive the support of all mar
ties, and our finances cease to he the sur
1ect OF mere partisan contention. The ex-
pertinent is, at all events, worth a trial.
and, In my opinion, 1t can but prove bene-
nc1al to the entire cOuntryn