Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1897-07-29
CURRENCY COMMISSION PLAN.
Text of the Message Sent to Congress
by the President.

Following is the currency message sent
to Congress by President Mckinley i'm
mediatey after the passage of the tariff
bill:
To the Congress Of the United States:
In my message converting the Congress In
extraordinary session called attention to a
single subtect--that Of providing revenue
expenses Of the Government. l believe that
to be the most pressing subject for settle
ment then: A bill to provide the necessary
passed the House Of Representatives and
the Senate and awaits Executive action.
Another question Of very great Importance
Is that Of the establishment Of our currency
and banking system on better basis which
| [ commented upon in my inaugural address
In the following words:
'Our financial system needs some revision;
our money il all good but its value must not
further be threatened. 1t should all be put
upon an enduring basis. not subject to easy
attack. nor its stability to doubt or dispute.
The several forms OF our paper money offer.
in my Judgment a constant embarrassment
to the Government and imperil safe bal
ance in the treasury.
late national election than the determination
upon the part OF the people to keep their
currency stable In value and equal to that
OF the most advanced nations of the world.
The soundness OF our currency is nowhere
quest toned. No loss can occur to it's hold
ers. 1t Is the system which should be sim
ey just good as 1t is now. with less ex
pense to the Government and to the people.
The sentiment Of the country Is strongly
| In favor OF early action by Congress in this
direction. to revise our currency laws and
| remove them from partisan contention.
notable assembly OF business men. with del
| cgates from twenty nine States and Terri
| tories. was held at Indianapolis in January
Of this year. The financial situation com.
| manded their earnest attention. and after
| two days session the convention recon.
1 .IzA &o In Int ont 80
| monetary commission.
| commend this report to the considera
| ton Of Congress. The authors OF the report
| recommend a commission Ito make thor.
| pugh Investigation OF the monetary affairs
| and needs Of this country In all relations and
| aspects and to make proper suggestions as
| TO any evils found to exist and the remedies
| therefor" This subject should receive the at
| IGNITION Of Congress ut the special session. 1t
| ought not to be postponed until the regular
| session.
| 1 therefore urgently recommend that
! special commission be created, non partisan
| In Its character. to be composed Of well-n-
formed citizens Of different parties who will
| command the confidence Of Congress and
| the country. because Of their special fitness
for the work. whose duty 1t shall be to make
| recommendations Of whatever changes In
| our present banking and currency laws may
| he found necessary and expedient and to re-
/ port their conclusions before Nov. l next. in
| order that the same may be transmitted by
| me to Congress for Its consideration ut it's
II ia to be hoped that the report thus made
| will be so comprehensive and sound ~ to
| favorable action OF Congress. At all events,
| such a report cannot fail to be OF value to
| the Executive branch Of the Government az
well as to those charged with public legisla-
| tion and to greatly assist In the establish
ment OF an improved system Of finance.
| WILLIAM M'KINLEY.