The times. [volume] (Richmond, Va.) 1890-1903, 1897-04-10
MONETARY COMMISSION.
sWdNsON's JiE"A
EEGaKDING mr. MifiEh'
lie Think. "A Bill should Pas This Cons
gress Appointing 'o'""''S'''" W
Recommend Currency Legislation

,rborc Is a good deal OF speculation Oh
IN sTles OF the House Of Representa-
,tves regarding the probability Of legislA-
,ion authorizing the appointment OF "
monetary commission.
Tho belief is general among the Demo
crafts that before the session adjourns
s,cb a bill will be considered.
representative Swanson, who Is taking
nm active interest in the matter and VINO
ID mot only an earnest silver man. but
an ardent advocate Of the State banks
said to-day:
81 believe that at this session OF Con-
cross bin will be passed through the
House appointing a commission TO eA-
,,,ire into and report 20 the ext session
81 congress lamentations for currency
LEGISLATION. IL will be remembered tnal
tt. President suggested this IN ms M
at,rural address. The objects OF TINS
are apparent The Republican party l7
unwilling TO meet the hnanclal question:
or propose any scheme OF financial re-
form. II they were willing TO meet tne
question. they are so DIVIDED thdl hc'i-
ing of consequence could be accomplish
Cd.
II k.l. = T.
Mckinley with his usual adroitness ana
inherent disposition 20 shlrk POSITIVE po-
coherent disposition TO shirk positive po-
eitious up0n financial questions wishes to
havo the matter delayed $50 thar hc can
eh.od himself behind a report of pre-
tended nou-uartlsan commission. Ut the
commission is appointed have no DOUBT
the President AT the next session OF Con-
gross would send in the report win DIS
message and recommend Us careful COM
eidefati0n by Congress without commit
ting himself either for or against IT'S
conclusions
"Ths method Of procedure would leave
his position upon the financial question
sui open so that De- could occupy whlt
Doe considers the safest and strongest
grounds in the Presidential election Oh
$780,
.Tho whole Republican scheme $50 FAR as
vet developed. is 20 leave the financial
question open. They have no decisive
plans outlined after the passage OF the
tariff bin As soon as the tariff blu is
passed tho inherent lnpotency Of the
Republican party 90 meet personal coud-
tiOus arising from financial troubles VIII
Doe fully disclosed. As soon ass the hlil
passes and the patronage is distributed
tho party VIII boz torn into hundred ilc-
tions
"The measure of financial relief Will con
sist OF reducing the tuN upon the Issue on
national banks and permitting the banks
to ISSUE notes 10 the par value or inc
bonds.
.It is doubtful II this proposition viii be
able 90 pass the Senate. The Republican
party is utterly opposed 10 any STATE
banks of issue. and it is useless TO expect
amy relief boz that direction from this dd-
minstrauon.
Il am opposed 20 the appointment OF %
commission. II simply means 20 provide
good places for few persons. It's recon-
mendation will have little II any influence
with Congress.
DEMANDS PROMPT SOLUTION.
"It lis al scheme devised to delay set-
Element of the financial question when
demands prompt and immediate solution.
Besides. il is the inauguration OF "a gov
eminent here by commission. We VIII
have a. commission of bankers 90 Tx Up
the banking system for their benefit.
commission of manufacturers 10 fix up
tariff for their benefit. and SID ON through
the list. IL this plan is once conceded.
"Tle accredited representatives. OF the
nnorle ar. competent to deal with TINS
question if they Will only have ihe patriot
: ism and moral courage to bury poli''
considerations and lcgisiate for the needs
of Ill suffering country I earnestly favor
the repeal of the ll per cent tax upon me
issue of state banks, recognizing th"t
would bring much relief Go che South ana
West. where the present national niiN
system has created great dcarth ol
money.
.Nothlng more fully disclose the inCon-
-i-teucy Of the Republicans than iher
! opp0-itfon 20 State banks of issue. Ihey
/ claim that the necessity for silver A7
money has been eliminated ON account Oh
tlo great extension of credits. that hy
the extension ~ credits one gold dollar
| has SD Increased it's potentially ass to do
tha business that TWO coz three used io odd.
''Yet the same party VIII antaeonlz' us ng
blnk credits as "a means oi increasing This
notoutalifv OF money. which they give a5
| "A reason for not needing silver. NO
credits can Dee substituted for money, cN-
cop. bank on government credits. 10
should be remembered that to-day credits
are Joss available 20 supply the need OF
money than in 1861 when we were per-
mittel % have State banks OF issue.
"Tlus to-day we have less metallic
money and less bank credits 20 supply the
use of money. in proportion 10 the DEE
m1ud for money than ever bad before.
Thus the Republicans. while eNaItng the
mower OF credits 20 answer the nced Tor
metallic money. have destroyed the most
effective and available credits % Doe n''-
izcd ln this manner hy pIohinilh5 ''e
issues u state banks.