The San Francisco call., 1897-07-25
The President Sends an
important Message
to Congress.
Would Thoroughly Revise the
COuntry'S Financial
System.
Urges the Creation of a Commits
sion of Well Informed Men,
Regardless of Party.

WASHINGTON, d. c., July 24.-President
Mckinley sent the following message TO Con-
gress yesterday: TO the Congress OF the
United States: In my message convenlng
Congress in extraordinary session called at
tention to single subject-that OF providing
revenue adequate to meet the reasonable ana
proper expenses OF the Government 1t seemed
TO be the most pressing subject for settlement
then. bill to provide the necessary reve-
nues for the Government has already passed
the House OF Representatives and the Senate.
and awaits executive action.
Another question of importance Is that OIL
establishment of our currency and banking
system on better basis, which 1 commented
upon in my inaugural address in the follow
ing words:
"Our financial system needs revision our
money is all good, but its value must not be
further threatened. 1t should all be put upon
an enduring basis, not subject TO easy attack.
The form of our paper money offers, in my
judgment, constant embarrassment TO the
Government and lmperls safe balance In
the treGsury."I
National election than the determination
upon the part of the people to keep their
currency sta BILE in value and equal TO the
most advanced nations of the wor d.
The soundness of our currency is nowhere
questioned. No loss can occur to its holders.
The system should be simplltied and siren gih-
ened, keeping our money just as good as it is
now, with less expense TO the Govern mel Mt
and the people.
The sentiment Of the country is strongly in
favor OF early action by Congress in this direc-
tion, to revise our currency laws and remove
them from partisan contention. A nota ole
assembly of business men, with delegate ties
from twenty-nine States and Territories, was
held al Indianapolis In January OF this year.
The financial situation commanded their
earnest attention and after two days seS-
sion the convention recommended to Congress
the appointment of q monetary commission.
commend this report TO the considera tion
OF Congress. The authors OF the report recon-
mend a commission to make thorough inves-
tigation of the monetary affairs and needs OF
this country in all rela tions and aspects and
to exist and the remedies therefor. This sub
1ect should have been called to the attention
of Congress al the special sess ion. 1t ought
not to be postponed till the regular session.
therefore urge and recommend that spe-
cial com mission be created, non PARTISAN in its
character, TO be composed OF well-nformed cit
lZens OF different parties, who Will commend
the confidence OF Congress because of their
special fitness for the work, whose duty
ever changes in our present banking ana cur
rency laws may be found necessary and
eXpedient, and to report their conclusions on
or before the first day OF November next, in
order that the same may be transmitted by
me to Congress for Is conSidera tion at its first
regular session. II is TO be hoped that the re-
port viii be so comprehensive and sound as TO
receive the support of all parties and The
favorable action of Congress. At all events,
executive brauch of the Government well
as 10 those charged with public legislation,
and greatly assist in the establishment OF an
improved system OF finance.
WILLIAM MCKINLEY.
Executive Mansion, July "a, 1897.