The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-25
M'KINLEY ON THECURRENCY,
His Long, delayed Message Presented u
the House and Stnate.
CREATE A MONETARY COMMISSION
the Proper Way to Cure Our Financial
IlIs-The Indianapolis Convens
tion's Report Commended.

WASHINGTON. ID. G.. July 2i-Ths
President to-day sent the following mes
sage to Congress
TO the Congress OF the United States:
In my message convening the Congress
in extraordinary session. / called atten-
ton to a single suhject--that OF the pro-
vidng revenue adequate TO meet the
reasonable and proper expenses OF the
government. believed that 10 be the
most pressing subject for settlement then.
A bill to pro vide 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 i'm
portance Is that OF the establishment or
our currency and banking system on
better basis. which / commented upon In
my inaugural address in the following
words:
SYSTEM NEEDS REVISION.
"Our financial system needs some revi-
sion; our money is all good now but It's
value must not further be threatened.
II should all be put upon an enduring
basis. not subject TO easy attack. nor It's
stability to doubt or dispute. The sew
eral forms Of our paper money offer. In
my judgment. a constant embarrassment
10 the government and imperial safe
balance in the Treasury
Nothing was settled more clearly at the
late national election than the determi-
nation upon the part OF the people 10
keep their currency stable I'm value and
equal a. that of the most advanced ma
tiOns OF the world.
The soundness OF our currency IS no
where questioned. No loss can occur 10
lis holders II is the system which
should be simplined and strengthened.
keeping our money just as good as II IL
now with less expense TO the government
and to the people
The sentiment Of the country Is strongly
I'm favor of early action 10y Congress In
this direction. 10 revise our currency laws
and remove them from partisan conten-
tion.
A notable assembly OF business men
with delegate from twoniy-nine states
and territories was held al Indianapolis
in January of this year. The financial
situation commanded their earnest atten-
tion and after two days session tho
appointment 0f a ironetary commission.
INDIANAPOLIS REPORT COMMEND
ED.
"I commend this report TO the conside-
ration of Congress. The authors OF the
report recommended commission. " 10
make a thorough investigation OF the
monetary affairs and needs Of this coun-
try i'm all relations and aspects ana 10
make proper suggestions as TO any evils
found to exist nd the remedies there
for
"This subject should receive the at
tontion OF Congress at It's special session.
IL ought not To be postponed until the
regular session. I. therefore. urgently
recommend a special commission be cre-
atod non-partisan IN its character To
be composed Of wcl-informed citizens on
different parties who viii command the
confidence Of Congress and the coun-
+ try because Of their special fitness Tor
the work whose duty IL shall be TO make
recommendations Of whatever changes
ia our present banking and currency
laws may be found necessary or ex'
pedtcnt. and to report their conclusions
ON or before the first day of November
next. In order that the same be trans
mittod by me TO Congress for its con-
/ sidoration at it's FIRST regular session.
.It Is 10 be hoped that the report thus
! made will be so comprehensive and sonnd
( ms to receive the support Of all parties
and the favorable action OF Congress.
| Al all events such a report cannot fab
10 be OF value 10 the executive branch
/ Of the government as well as 10 those
charged with public legislation. and ia
! greatly assist i'm the establishment OF an
! improved system OF finance.
(siened) VIM. MKINLEY."