The citizen. (Frederick City, Md.) 1895-1923, 1897-07-30
THE CURRENCY MESSAGE
Sent to Congress When Adioprr
ment was in Sight-No Action
Until the Regular Session

WASHINGTON, July 25.-The Presi.
dent yesterday sent the following mes.
sage to Congress:
To the Congress of the United States.
In my message converting the Con-
gress in extraordinary session | calIad
attention to single subject-thgt ~
providing revenue adequate to meet
the reasonable and proper expenses a;
the government. l believed that 70
be the most pressing subject for SETTLE,
ment then. A bill to provide the nec.
essary revenues for the government
has already passed the House of Rem,
resentatives and awaits executive az
ton. Another question of very great
importance is that of the establish.
ment of our currency and bankin,
system on a better basis, which com,
mented upon in my inaugural address
in the following words:
IN NEED OF REVISION.
Our financial system needs some re-.
vision; our money is all good now
but its value must not be further threat,
ened. 1t should all be put upon an
enduring basis, not subject to easy at.
tack, nor its stability to doubt or dis.
pute. The several foims of our ma.
per money offer, in my judgment
constant embarrassment to the gov.
eminent 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 peo.
pie to keep their currencylstaple in val.
/ nd al ~ no IF hn
vanced nations of the world The
soundness of our currency is nowhere
questioned. No loss can occur to its
holders. 1t is system which should
he simplitied and strengthened, keep.
ing our money just as good as it is
now with less expense to the govern.
ment and the people.
/ THE SENTIMENT OF THE COUNTRY.
! The sentiment of the country ia
strongly in favor of early action by
| Congress in this direction, to revise
our currency laws and remove them
from partisan contention. A notable
assemblage of business men, with del.
egates from Twenty-Five States and
Territories, was held at Indianapolis in
| January Of this year. The financial
!
tention, and after two days session
! the convention recommended to Con.
gress the appointment of monetary
commission.
| commend this report to the consid-
Grafton of Congress. The authors of
the report recommend a commission
'to make thorough 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 reme-
| dies therefor"
IMMEDIATE ACTION RECOMMENDED.
This subject should receive the at
| tention of Congress at its special ses-
sion. 1t ought not to be postponed
until the regular session.
l therefore urgently recommend
! that special commission be created,
non'partisan in its character, to be
| composed of well-informed citizens Of
both parties who will command the
confidence of Congress and the coun-
try because of their special fitness for
the work, whose duty it shall be to
make recommendation of whatever
changes in our present banking and
currency laws may be found necessary
and expedient, and to report their con.
illusions on or before the first day Of
November next, in order that the
same may be transmitted 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
can not 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 MCKINLEY.
Executive Mansion, July oath.