The times., 1897-07-25
THE CURRENCY MESSAGE
The President ASKS Congress for
a Special Commission.
TO REVISE THE BANKING LAWS
He Urges the Immediate Appoint
ment of a Non-Partisan Body to
Inquire Into the Financial System
and Report by November Treas
ury Balance Imperiled.

The much-pronised and long-talked- bout
message of the President, concerning the
currency was finally sent to Congress by
him yesterday afternoon Immediately after
the passage OF the tariff bill in the Senate
1t reads as follows:
To the Congress OF the United States:
In my message convening the Congress
in extraordinary session / called atten-
ton to single suhJect-that CT providing
revenue adequate to meet the reasonable
and proper expenses OF the Government
I believed that to be the most pressing
subject for settlement 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 import
ance is that OF the establishment Of our cur
rency and banking system on a better basis,
which I commented upon in my inaugural
address In The following words:
"Our financial system needs some revi-
sion; our money is all good now, but its
value must not further be threatened.
It should all be put upon an enduring
basis, not subject TO easy attack, nor its
stability to doubt or dispute. The several
forms of our paper money offer, in my
Judgment, constant embarrassment to
the Government and imperil safe balance
In the Ire asury."
Nothing was settled more clearly at the
International election than nehedeterurination
upon the part of the people to keep their
CIR in ann nuT1QI tn
that of the most advanced nations Of the
world
The soundness of our currency is nowhere
questioned. No loss can occur to its
holders It is the system which should be
siInpIified 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
remove them from partisan contention.
A notable assembly of business men, with
| delegatesfroIn twenty-nine Statesand Terri
| tories. was held at Indian apolis in jan
| uary OF this year The financial situation
| commanded their earnest attention, and
! after two days session the convention
recommended to Congress the appoint
ment of monetary commission.
| commend this report to the considera-
! ton of Congress. The authors of the report
recommend commission Ito make thor
| ongh inye estigation OF the monetary affairs
| and needs OF this country In all relations
! and aspects, and to make proper suggestions
| as to any evils found to exist and the reme-
! dies therefor
This subject should receive the attention
| of Congress at its special session. 1t ought
not TO be postponed until the regular ses-
| sion.
| I therefore urgently recommend that
/ special commission be created, nom
! partisan in its character. to be composed of
/ well informed citizens OF different parties
/ who win command the confidence Of Con;
| gress and the country because OF their
special fitness for the work,
| whose duty it shall be to make
| recommends tons of whatever changes in
| our present banking and currency laws
| may be found necessary and expedient. and
| to report their conclusions on or before the
| 1st day OF November next, in order that
| this same may be transmitted by me to
! Congress for its consideration at its first
| regular session.
Itisto be hoped that the report thus made
! will be so comprehensive and sound as Go
| receive the support OF all parties and the
favorable action OF Congress
At all events such a report cannot fai