New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-25
CTPRTNCY Reform PLANS.
TIE MONETARY COMMISSION WILL NOT
RECOMMEND ANY RADICAL CHANGES.

wasbinr,on oct 2i-rhe Monetary Commission
has bccn steadily work since Il reconvened at the
,,i,,.,on Hotel on October II. Each OF tho SUBJ
orr,,,,,c.s has made considerable progress in the
,,y.s,,gat,on o. the subject assigned to a. Partial
,,o,ts from these subcommittee have been sub
mi,,ed 10 the whole Commission and generally as
cussed We're the work OF the Commission simply
% d.,errn,ns what would he an Ideal currency ana
banking system. It's task would be much simpler
h,,, I, /, one thing to form measure that one man
or n number OF men believe 10 he Just f'ght. and
another thing TO form a measure that VIII go
enough Congress and meet with general popular
.unnor, on this subject there has been CONSIDER
ehlc discussion IN the Commission os to whether
:, should conhne Itself 10 the recommendation OF
,oh measure or measures rs It believes Congress
will mass Mt It's coming session. or devise "hat IL
,.l,.ve. 70 he m Ideal currency and banking 'ys-
,,, yhIch shall serve as basla not only 'or such
LEGISLATION as Congress Is willing TO enact AT pres
en-, but FOR all future legislation on the subject
oro ching tina, ha. been made clear by the dis
cus.,on, up to date IS that the Commission VIII no.
recommend that Congress UNDERTAKE any ra"'c''
o,,r..s IN the monetary system OF the country
h,.h uouId he likely TO produce fuctuation OF
n,,c.. or uncertainties 10 the future. what
.,.r ,,anpes are recommo nded will be OF charac-
tor no gradual thai they VIII not create any as
turbance In financial or commercial hhairs' such
changes be made me more ,eau,iy because,
Iaianco OF trade In this countrys favor. there
seems no likelihood OF hnanclui sulhxehcy or
and there ~ immediate need OF radical
nharoe This condition Of things makes II possible
90 Liant slch measures As will provide against pos
sIhle dangers in tho future such as the country
To-. ,ercntly passed through. and Institute gradual
reforrn- with ample time TO carry them out during
Ut RI. uJsdom OF the Commlsscn's plan OF sitting
q, Wa.hington and there receiving suggestions and
taking testimony. instead OF travelling about the
cnmn,rv has been demonstrated. The necessity for
a travelling Commission was largely obyiated by
the geographical distribution OF the membership.
Every section OF the country is represented on the
Commiss,oi by men IA touch with tho business ar
,a,r. 81 their own territory and familiar with It's
Conditions and needs The suggestions and appeals
which have reached the Commission by mail have
core from every State I'm the Union and from all
classes OF people Farmers business men. bankers
and students have written calling attention to this
ar that need making suggestions they believe
would be OF value. The newspapers throughout the
countrv have also, rs n general thing. expressed
,bem.eIyes freely on the subject, rejecting In
large measure the opinions OF their constituents.
And I'm this way the members or the commission
feel that they have gained fair index OF popuiar
oninion on the various phases OF the currency ana
banking questions before them.