The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1897-07-28
FOR soUNDER CURRENCY.
The Presidents Message to Congress Ap'
proved in the House.

WASHINGTON, ID. C., July 1.-THE
President has sent the following message
To Congress:
To the Congress of the United States:
In my message convening the Congress
in extraordinary session | called atten-
tiOn to a single object that OF providing
revenue adequate to meet the reasonable
and proper expenses of the Government.
| believed that to be the most pressing
subject for settlement then \ bill TO
| provide the necessary revenues for the
Government has already passed the
House of Representatives and the Senate,
and awaits executive action.
NEED OF CURRENCY REVISION.
Another question ofvery great import
ance Is that of the establishment of our
currency and banking system on a better
basis, which l commented upon in my
| inaugural address in the following words:
''Our financial system needs some re-
vision; our money is all good now, 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 sew
eral forms Of our paper money offer, in
my judgment. a constant embarrassment
to the Government and imperil a safe
balance in the Treasury"
THE PEOPLES VERDICT.
Nothing was settled more clearly at the
late national election than the determin-
alton 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 no.
where questioned. No loss can occur TO
its holders. II is the system which should
he simplified and strengthened, keeping
our money just as good as il is now, with
less expense TO the Government and the
people.
The sentiment ofthe country is strong
ly in favor of early action by Congress in
this direction, to revise our currency
laws and remove them from partisan con-
tention.
A notable assembly of business men,
with delegates from % States and Terri
loIlt-. " a. ACAh di AZ anu
ary of this year. The financial situation
commanded their earnest attention, and
after two-days' session the convention
recommended to Congress the appoint
ment Of Monetary Commission.
commend this report 20 the considera-
ton of Congress. The authors of the re
port recommended a commission ''to
make a thorough investigation Of the
monetary affairs and needs of this coun-
try 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 atten-
ton OF Congress at its special session.
1t ought not to be postponed until the
regular session.
CHARACTER OF THE COMMISSION.
1 therefore urgently recommend that a
special commission be created, nOn-parti-
san in its character, TO be composed of
well-informed citizens OF different parties
who will command the confidence of
Congress and the country because of
their special fitness for the work, whose
ahAN a. Shall NC ~ hidht
tions of whatever changes in our present
banking and currency laws may be found
necessary and expedient, and to report
their conclusions OF or before the first
day of November next, in order that the
same may be transmitted 10y me To Con-
gress for its consideration at its first regu-
lar session.
II is to be hoped that the report thus
made will he 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, a. well A. to those charged
with publie legislation, aud TO greatly as
sist in the establishment of an improved
system Of nEsnce.
WILLIAM MCKINLEY.
Executive Mansion, July "A, 1897