The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-25
plan FOR REFORM
M'KINLEY WILL SUGGEST A NEW
CURRENCY SCHEME IN HIS
MESSAGE.
GAGE THE AUTHOR OF IT.
AND THE PRESIDENT IN PER-
Feet ACCORD.
SENATOR TELLER ON OUTLOOK.
He Does Not Expect Legislation
Looking to the Retirement of
GreenbacLs This Season.

WASHINGTON, Nov. 1.-THE Even
ing Star today says: It can be stated on
the highest authority that the president
is going to recommend a plan for cur
rency reform in his message and fur
ther, that that part of the message was
written with the cooperation of Sec
rotary Gage. 1t is authoritatiYely
stated that Secretary Gage is perfectly
satisfied with the presidents message
in regard to financial legislation, and
that it meets his entire views and sup
port. Further than this it can be stated
on the same high authority that the
secretary of the treasury will submit
to congress In his annual report, the
plan for currency reform which he sub
mitted to the cabinet at it's meeting on
Friday, Oct. 20. The secretary in
tends to submit this report to congress
almost as it was submitted TO the cabi-
net, but with the exception that he will
make some further recommendations,
but these will not materially change
the plan.
1t is also understood that the presi-
dent in his message to congress will
suggest that it would be inadvisable at
present to take any action which
would suggest that the passage of reso-
buttons recognizing belligerency or in
dependence would be ineXpedient While
the measures of reform proposed by
Spain and to be carried out by Gen.
Blanco are being introduced. The re-
lease of the Competitor and other
American prisoners will be referred to
as gratifying, and as relieving the
United States from the necessity of in
tervention upon the ground of protec-
ton of American life and property.
When asked today to give his opinion
as to the probability of legislation OF
congress, Senator Teller, who has just
reached this city said: II do not be-
lieve there will be any legislation look
ing to the substitution of bank notes
for greenbacks and treasury notes,
which appears to be the favOrite meth
DDS Of currency refrom, so-called, ad-
vocated by the supporters of the gold
standard. 1 think it very doubtful
whether the advocates of the change
can agree upon the details OF such
legislation, and bankers will naturally
hesitate to increase the issue of bank
notes in sufficient quantity to take the
place Of the entire volume Of green
backs and treasury notes, especially in
view of the fact that the redemption
of bank notes must, to satisfy the de-
rnands of the currency reformers, be in
geld"
Senator Teller said he considered 1t
quite certain that the president would
make some recommendation upon the
currency problem to congress, but he
was of the opinion that the suggestion
would be in general terms as in his
inaugural message, and that the presi-
dent would leave the details to con-
eress. The senator expressed doubt as
to whether the administration would
take any step looking to the encourage
ment of the Cubans in their war for in
dependence.
II think" he said, that congress can
settle the Cuban question by recognlZ-
ing the belligerent rights of the Cubans
and that should have been done long
since. I believe the house will pass
the senate resolution sent to it dur
ing the special session, if that measure
is brought before ii, but it is quite
doubtful whether it will be allowed to
consider it at all.