Pike County press. (Milford, Pa.) 1895-1925, 1897-03-12

pottanoo-aro augmented by the prevailing
business conditions entailing idienoss upon
willing labor and loss TO useful enterprises.
The country is suffering from industrial dis
turbances from which speedy relief must be
had. Our financial system needs some revision.
Our money is all good now, but its value must
not further be threatened. II should all be
put upon an enduring basis, not subject 10
easy attack, nor its stability to doubt OF dis
pute. Our currency should continue under
the supervision Of the government. The sew
eral forms Of our paper money offer, In my
Judgment q constant embarrassment 20 the
government and safe balance in She treasury.
Therefore ! believe 10 necessary TO devise a
system which, without diminishing the circu
lating medium OF Offering premium for It's
contraction, will present remedy for those
arrangements which, temporary In their ma
ture, might well in the years Of our prosper
ity have been displaced by wiser provisions.
With adequate revenue secured-but not until
then-we can enter upon such changes in our
finance laws as will, while insurinR safety and
volume 20 cur money. no longer impose upon
the government the necessity OF maintaining
80 large a gold reserve, with its attendent and
Inevitable temptations to speculation. Most
of our financial laws are the outgrowth Of ex-
perienoe 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 "fake haste
eeall deem 1t expedient to create a commission
TO take under early consideration the revision
of our coinage, banking and currency laws and
give them that exhaustive, careful and dispas
sionate examination that their Importance do.
mands, ] shall cordially concur in such action
II such power is vested in the president IL Is
my purpose 10 appoint o commission Of prom
inent, we'll informed citizena Of different par
ties, who will command public confidence both
on account Of their ability and special fitness
for the work. Business experience and public
training may thus be combined, and the patri
otic zeal of the friends Of the country be so di
rected that such a report win be made as to
receive the support Of ali parties and oui
finances cease to be the subject of mere parti
san contention. The experiment is, at all
events, worth trial, and, in my opinion, It
can but prove beneficial to the entire country
International Bimetailism.
The question Of international bimetallism
will have early and earnest attention. Il will
be my constant endeavor to secure II by Co
operation with the other great commercial
powers of the world. Until that condition II
realized when the parity between our gold and
silver money springs from and Is supported by
the relative value Of the two metals, the value
Of the silver already coined and Of that which
may hereafter be coined must be kept CON
stantly at par with gold by every resource at
our command. The credit of the government
the integrity of its currency and the inviola-
bility of its obligations must be preserved.
This was the commanding verdict of the peo-
pie, and It will not be unheeded.
Economy is demanded in every branch of the
government at all times, bat especially in pc
riods like the present of depression I'm business
and distress among the people. The severest
economy must be observed in all public ex-
penditures and extravaganza stopped wher
ever IL is found and prevented wherever in
the future 1t may be developed. II the reve-
nues are TO remain as now, the only relief that
can come must be from decreased expendi-
tures But the present must not become the
permanent condition of tine government. II
has been our uniform practice to retire, not
increase, our outstanding obligations, and this
policy must again be resumed and vigorously
enforced. Our revenues should always be
large enough to meet with ease and promptness
not only our current needs and the principal
and interest of the public debt, but TO make
proper and liberal provision for that most de-
serving body OF public creditors, the soldiers
and the sailors and the widows and orphans
who are the pensioners Of the United States.
The government should not be permitted to
run behind or increase its debt in times like
the present.
Suitably to provide against this Is the man
date of duty, the certain and easy remedy fof
most of our financial difficulties. deficiency
Is inevitable 80 long as the expenditures of the
government exceed its receipts It can only
be met by loans or an increased revenue.
A 70 Ravonua