Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-07-26
The CURRENCY MESSAGE.
Text Of Presidents Communication 10 Con-
gress on the Currency Subject.

Washington. July z5-T'he President.
Saturday, sent the following message to
Congress:
To the Congress of the United States:
In my message converting the Congress
ia extraordinary session, called atten-
ton 10 a single subject-that of providing
revenue adequate To meet the reasonable
and proper expenses OF the government.
| believed that to bc 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 SEN
ate and awaits Executive action.
Another question Of very great import
dncc Is that of the establishment OF our
currency and banking system on Il better
basis which | commented upon In my
inaugural address in the following words /:
our financial system needs some re-
vision; our money is all good now. but It's
value must not be further Threatened. II
should an be put upon an enduring basis.
not subject 10 easy attack nor its Stabii-
ity to doubt or dispute. The several forms
of our paper money offer in my judg-
ment, constant embarrassment TO the
III the treasury.
Nothing was settled more clearly AT the
late national election than the determine
tlon 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 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. \ notable assembly
of business men, with delegates from -
states and territories, was held at In
dianapolis in January OF this year. The
financial situation commanded their
earnest attention, and after Il two days
session. the convention recommended TO
Congress the appointment OF Il monetary
commission.
commend this report to the cousidera-
ton OF Congress. The authors Of the re-
port recommend a commission TO make
a thorough investigation of the monetary
AFFAIRS and needs of this country in all
relations and aspects, and TO make prop
per Suggestions as 10 any evils found to
exist, and The remedies therefor"
This subject should receive the atten-
ton CT Congress at its special session.
regular session
I, therefore, urgently recommend that a
special commission be created nou-par-
ussin In it's character to be counnoss4l of
Weil-imormcd citizens of different parties
who VIII command the confidence of Con-
gross ana the country because of their
special ilttness for the work. whose duty
II snall DC 10 make recommendations OF
Whatever changes in our present bank
ing and currency laws, may be follno nee
eSsary and expedient and to report tn, ir
conclusions on or before the first ti:v of
November next, in order that the same
may be transmitted by me TO Congress; for
Tor IT'S consideration at its first regular
session.
1t is to be hoped that the report TINS
made viii be so comprehensive and
spui" rs 70 receive thc support of all
Parties and the favorable action of Con-
greSs.
At all events such a report cannot fail
70 be OF value 10 the executive branch cf
Ihe government. as well as to those
charEed with public lesisiation and to
sf@ttty assist in the establishment OF an
improved system of finance
tSiSned) WILLIAM McklNLEY