Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1897-07-29
CURRENCY COMMISSION PLAN.
Text of the Me ssage Sent to Congress
by the President.


Following is the currency message sent
to Congress by President Mckinley inn
mediately 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 subject-that Of providing revenue
adequate to meet the reasonable and proper
expenses Of the Government. I believe that
to be the most pressing subject for settle
ment them bill to provide the necessary
revenues for the Government has already
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 is all good, but It's value must not
further be threatened. 1t should all be put
upon an enduring basis not subject to easy
attack nor it's stability to doubt or dispute
The several forms of our paper money offer,
in my judgment, constant embarrassment
to the Government and imperil a safe bal
anee in the treasury"
Nothing was settled more clearly at the
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.
questioned. No loss can occur to its hold
ers. 1t is the system which should be SIM
plified and strengthened, keeping our mon
ey just as 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. Al
notable assembly Of business men, with del
egates from Twenty-Five States and Terri
tories was held at Indianapolis In January
Of this year. The financial situation COM
manded their earnest attention, and after a
two days session the convention recon-
mended to Congress the appointment Of a
monetary commission.
l commend this report to the considera-
ton Of Congress. The authors Of the report
recommend a commission ''tO make a thor
ough 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
tention of Congress at the special session. It
ought not to be postponed until the regular
session.
/ therefore urgently recommend that a.
special commission be created non.partisan
in its character. to be composed Of well-in-
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
be found necessary and expedient and to re-
port their conclusions before Nov. 1 next, in
order that the same may be transmitted by
me to Congress for it's consideration at its
first regular session.
It is to be hoped that the report thus made
will be 80 comprehensive and sound as to
receive the support OF all parties and the
favorable action OF Congress. At all events,
such a report cannot fail to be of value to
the Executive branch Of the Government as
well as to those charged with public legisla-
ton and to greatly assist In the establish
ment of an improved system of finance.
WILLIAM M'KINLEY.