Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1897-07-25

and Banking Questions, and 10 /
Report to Congress in November.
Declares That Since the Tariff
Bill Is Disposed of, the Currency
Question Is the Most Important.
The President Urgently Com
mends His Views.
Washington, July 24.-The President
has sent the following message to Con-
gress:
To the Congress of me United States:
In my message cenvening the Con-
gress in extraordinary session, called
attention to a single subject-that OF
providing revenue adequate to meet the
reasonable and proper expenses OF the
government. 1 believed that to be the
most pressing subject for settlement
then. A bill to provide the necessary
revenues for the government has al
ready passed the House of Representa-
tives and thetsate ana awaits exec
utive action. ~.
Another question OF vefs grIat i'm
portance is that of the estabIhment
of our currency and banking system on
a better basis, which l commented upoL'
in my inaugural address in the follow
ing words: "Our financial system needs
some revision; our money is all good
now. but its value must not further be
threatened. 1t should all be put upon
an enduring basis, not subject to easy
attack. nor it's stability to doubt or dis
mute. The several forms OF our paper
money offer, in my judgment, con-
slant embarrassment TO the govern
ment and imperil safe balance IN
the treasury" :.
Nothing was settled more clearly at
| the late national election than the de-
termination upon the part of the people
To keen their currency stable in value
and equal to that of the most advanced
nations of the world. The soundness
of our currency is nowhere questioned.
No loss can occur to it's holders. 1t is
the system which should be simplifled
and strengthened, keeping our money
lust as good as it is now, with less ex-
nense to the government and the peo-
pie. >
The sentiment of the country is
strongly in favor Of early action py
Congress in this direction, to revise
our currency laws and remove from
them partisan contention. A notable
assembly Of business men with dele
gates from twenty-nine States and Ter
ritories was held at Indianapolis in
January of this year The financial
situation commanded their earnest at
tention, and after tive days session
tba, GfaSHie6Rntinf c6Gmnmend f6ist tn report
to the consideration of Congress. The
authors of the report recommend a
commission "to make a thorough in
vestigation of the monetary affairs
and needs Of this country in all rela-
tions and aspects, and to make proper
suggestions as to any evils found to
exist; and the remedies therefor
This subject should receive the at
tention Of Congress at its special ses-
sion. 1t ought not to be postponed un-
til the regular session.
| therefore urgently recommend that
special commission be created, nom
1 partisan in its character, to be COM
( posed of well-informed citizens of diff
ferent parties, who will command the
confidence of Congress and the country
/ because of their special fitness for the
work, whose duty it shall be to make
recommendations of whatever changes
in our present banking and currency
laws may be found necessary and ex-
pedient, and to report their conclu-
sions on or before the first day Of No
vember next, in order that the same
may be transmitted by me to Congress
for its consideration at its first regular
session.
1t is to be hoped that the report thus
made will be so comprehensive and
sound as to receive the support Of all
parties and the favorable action of
Congress. At all events such a report
cannot fail to be of value to the ex-
ecutive branch of the government as
well as to those charged with public
legislation, and to greatly assist in the
establishment Of an improved system
of finance
WILLIAM M'KINLEY.
Executive Manson, July "a, 1897.