San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1897-10-24
DIVISION AS TO WHAT MEAS
URES SHALL BE OFFERED
TO CONGRESS.
Will RetcOmeni However That No
Radical Changes That Will Pro-
iule Fluctuations In None. O
Be Made They Want 1t To
Come Gradually.
Special Wire to Sunday Light.

Special Wire to Sunday Light.
Washington, Oct. 23.-The monetary
commission has been steadily at work
since it reconvened at the Arlington
hotel on October IL. Each of the sub
committees has made considerable pro-
gress in the investigation of the sub
ject assigned to it. Partial reports
from these subcommittee have been
submitted to the whole commission
and generally discussed. Were the
work of the commission simply to de-
termine what would be an ideal cur
rency and banking system its task
would be much simpler, put IL Is one
thing to form a measure that one man
or a number of men believe to be just
right. and another thing to form
measure that will go through Congress
and meet with general support Up
on this subject there has been consld-
orc HE discussion in the commission as
10 whether 1t should confine itself 10
the recommendation of such a meas
IRE or measures as it believes Congress
will pass as its session or devise Whds
II believes to be an ideal system VI
currency and banking whlch snail
serve as a basis for not only such leg
|
n present, but for all future les1sla-
ton upon the subject.
one thing that has been MADE per-
fectlV clear by the discussion up 70
date is that the committee Will not re-
commend that Congress undertake any
radical changes in the monetary sys-
TEN of the country that would De IKE
~ to produce fiuctuation OF prices OF
uncertainties as to the future. Wnal-
ever changes are recommended Will De
81 a character so gradual that the
changes will not create any tsturn-
ance in financial and commercial at
fairs. Such changes can be made the
more readily because under the pres
emit prosperous conditions, with the
balance of trade in our favor, there
seems no likelihood of a financial
stringency or commercial disturbance
for some years to come, and there is no
immediate need of a radical change.
This condition of things makes it pos
sible to adopt such measures as will
provide against dangers in the future
such as the country has recently pass
ed through, and institute gradual re-
forms, with ample time to carry them
out during the period of prosperity.
The wisdom of the commissions plan
of sitting at Washington and there re-
ceiving suggestions and taking testi-
mony, instead of travelling about the
country, has been demonstrated. The
necessity of a travelling commission
was very largely obviated by the geo.
graphical distribution of the member
ship. Every section of the country is
represented on the commission, and re-
presented by men most thoroughly in
touch with the business affairs of their
own territory and most familiar with
it's conditions and needs The sug-
gestions and appeals that have reach
ed the commission by mail have come
from every state in the Union and from
all classes of people. Farmers, BUSH
ness men, bankers and students have
written calling attention to this or that
need, or making suggestions that they
believe would be of value. The news
papers throughout the country have
also, as a general thing, expressed
themselves very freely upon the sub
ject, rejecting in large measure the
opinions of their constituency And
in this way the members of the COM
mission feel that they have gained a
very fair index of popular opinion up
on the various phases of the currency
and banking questions before them.