The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-07-25
THE PREsIDENrs MESSAGE.
ne Urges That Congress Promptly Pass . Oar
rency Comnaission BilL

NE urges Thnt Congress Promptly he,S y Our-
rcncy Commission Hill.
WARRINGTON, July 24.-Tho following is the
Presidents currency message, which was sent
to Congress this afternoon:
Z" To tho Congress Of the United States:
"In my message converting the Congress In
extraordinary session. I called attention to .
single subject, that of providing revenue
adequate to meet the reasonable and proper ex-
penses Of the Government. I believed that TO be
the most pressing subject for settlement then.
A bill to provide the necessary revenues for tho
Government has already passed the House of
Representatives and the Senate and awaits Ell.
ecutive action. Another question of very great
Importance is that Of the establishment OF our
currency and banking system on q better basis,
which l commented upon In my inaugural ad.
dress In the following words:
Our financial system needs some revision.
Our money is all good now. but Its value must
not further be threatened. 1t should all DO put
upon an enduring basis. not subject to easy at
tack, nor its stability to doubt or dispute. The
several forms Of our paper money offer, in my
judgment, q constant embarrassment to tho
Government and imperil o safe balance in tho
Treasury
Nothing was settled moro clearly at tho late
national election than the determination upon
the part Of the people to keep their currency
stable in value and equal to that Of the most cd
vanced nations of the world. Tho soundness OF
our currency is nowhere questioned. Noloss
can occur 70 it's holders. II is the system which
should be simplihed and strengthened. keeping
our money just as good rs IL Is now, with less
expense to the Government and the people. The
sentiment Of the country 10 strongly in favor OF
early action by Congress in this direction to re-
wise our currency laws and remove them from
partisan contention.
"A notable assembly of business men, with del
egates from twenty.nine States and Territories.
was held at indianapolis in January OF this
earnest attention. and after Il two days session
the convention recommended to Congress the
appointment Of q monetary commission. Icom-
mend this report to the consideration OF Con-
commission to make a thorough investigation 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 TO
the remedies therefor.
This subject should receive the attention Of
Congress at its special session. II ought not 70
fore, urgently that u special COM
mission DO created, non-partisan In its charac.
ter, to be composed or well-informed ~citizens Of
diferent parties. who VIII command the conn;
their special fitness for the work. whose duty 1t
shall DO TO make recomme ndations 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 first
day Of November next in order that the same may
be transmitted by me to Congress for its constd-
GRAFTON at its first regular session. It 10 to DO
hoped that the report thus made will be SO COM
prehensive and sound as to receive tho support
OF all parties and the favorable action OF Con-
gross. At all events. such areport cannot fail
Government. as we'll as 10 those charged with
public legislation, and to greatly assist In tho
establishment of an imp p%sM systsM% o K snano''
.Exrmr1yp MANaIoN. July "a 1887"