Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1898-07-28
CURRENCY REFORM.

Wisconsin and other states where the
sentiment for sound money Is strong
and pronounced. While II is we'll that
the advocates OF the 16 to theory
have, to some extent, lost their spirit
of aggressiveness the hosts who ia
yor a sound and stable gold based
currency for America should not on
that account give up the fight and
rest content with the present condition
OF affairs. The Issue OF currency re-
form ought to be vigorously pushed
to the front, and kept there until car
ricd TO decisive victory. The mon
etarv commission has done and 10
doing a great deal to awaken the
country to the Importance OF thor
oughly reforming the currency laws
The chairman of this commission has
recently issued the following state
ment:
"The present status of the under
taking to secure q comprehensive cur
rency law Is encouraging beyond
what was expected. In truth the re-
markably prompt appreciation OF the
value OF organized effort and the
realization that the opportunity Is at
hand has resulted in very gratifying
progress.
1.-THE bill, as finally agreed upon
and reported to the house, has been
very generally approved by almost
everyone supporting the effort to ac-
complish comprehensive monetary leg
islation. The bill includes all OF the
vital elements recommended by the
monetary commission, but the detail
of method differs in some respects
radically. On the whole the bill re-
ported by the committee is II greater
step In the right direction than the
business men Of the country had reas-
ON to expect would be secured ut this
early stage in the progress of the
work.
"Thc passage of this law will be the
beginning Of law for the best currency
In the world. OF course, IL Is pos
sible and probable that there may be
objections to the details Of the bill
and changes made before approval by
both houses Of congress, but the en-
enlargement Is 50 great that all bust
ness men who recognize the eXtraor-
binary opportunity are warranted In
absolute unity of effort henceforth TO
the final consummation.
1.-THE avoidance of discussion IN
discussion of this character of leg
islation upon the question of consid-
alton seemed desirable and II became
an expediency. While approaching
the force and influence upon the next
election that would surely have fol-
lowed II nm Affirmative action could
have boon had during the session just
closed, the commission Is glad to MS
sert at this period, that, everything
considered, the present status IL prob
ably more favorable to ultimate leg
islation than would have been the
case had number of the leading re-
publicnns In the house disapprovcd
Of the action sought during the Sos
sion.
"To measure the present condition
1t Is only necessary to say that there
Is every reason to believe that the
president and nll tho leading admin
istratiou republican senators and con-
grcssmen and the $50 members of the
house who signed the petition now
stand united In support of the gem
eral principles of tho committees bill.
There is every reason to believe that
Mr.. Reed will be an earnest advocate
OF monetary legislation.
"There Is every reason for the
members OF this organization to en-
terrain positive hope and to arouse
the most determined spirit and effort
to continue the struggle so unremit-
tingly made TO this stage of work. 1t
was we'll understood that the effort
made for action in the lower house
during the session just closed was for
the particular purpose of making n
demonstration OF good faith by the
republican branch of congress, This,
it was believed, would inspire the
hope and unite the business men of
the country In an effort to secure in
the November election, not only the
continuance OF the control by the re-
publican and sound money element of
the lower house, but to overcome the
majority In the senate now held by
the fiat money people, and thus make
sound money legislation possible, No