The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-07-25
Mark Hanna's Brother Addresses
the Business Men,"
M'KINLEY IS WITH THEM
PRESIDENT SUPPORTS GoLDBUG
CURRENCY PROGRAMME,
And So Do All the Leading Re
publican Senators and Congress
men, According to Hugh Hanna
-"Business Hen" Should Support
the Republican Ticket

Indianapolis, Ind, July 24.-Ghair-
man Hugh Hanna of the monetary
commission has prepared statement
addressed to the business men of the
United States, setting forth the results
of the commission during the last ses-
sion of congress. He says:
1.-The present status of the undertake
ing to secure a comprehensive cur
rency law is encouraging beyond what
was expected. In truth, the remark
ably prompt appreciation of the value
of organized effort and the realization
that the opportunity is at hand, has
resulted in a very gratifying progress.
The bill, as finally agreed upon and
reported to the house, has been very
generally approved by almost everyone
supporting the effort to accomplish
comprehensive monetary legislation.
The bill includes all of the elements
recommended by the monetary commits
sion, but the detail of the method diff
fers in some respects radically. On
the whole, the bill reported by the
committee is a greater step in the right
direction than the business men had
reason to expect at this early stage in
the progress of the work.
THE passage of this bill will be the
beginning of a law for the best cur
rency in the world. OF course, it is
possible and probable that there may
be objection to the details of the bill
and changes made before approved by
both houses of congress, but the en-
enlargement is so great that all bust
ness men who recognize the eXtraordi-
nary opportunity are warranted in alb
solute unity of effort henceforth TO the
final success of the contamination.
The avoidance of dissensiOn in dis
cussion among the friends of this char
acter of legislation on the question of
consideration seemed desirable, and it
became a question of expediency While
approaching the force and influence
upon the next election that would
surely have followed If an affirmative
action could have been had during the
session just closed, the committee is
glad to assert at this period that,
everything considered, the present
status is probably more favorable to
ultimate legislation than would have
been the case had a few of the Repub-
hcans in the house disapproved the
action sought during the session. To
measure the present condition it is
only necessary TO say that there is
every reason to believe that the presi-
dent and all the leading Republican
senators and congressman and the 150
members of the house, who signed the
petition, now stand united in support
OF the general principles of the COM
mittee bill. There is every reason to
believe that Mr.. Reed will be an ear
nest advocate of monetary legislation.
There is every reason for the men,
bers of this organization to entertain
positive hope and to arouse the most
determined spirit and effort to continue
the struggle so unremittingly and so
successfully made to this stage of the
work. 1t was well understood that the
effort made for action in the lower.
house during the session just closed
was for the particular purpose of max
ing demonstration of good faith on
the part of that branch of congress.
This. it was believed would inspire
new 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 /
in the senate, now held by
the opposition, and thus make sound
money possible. No such legislation |
can be enacted until both branches of. /
congress are in control of the Repub- /
licans and sound money Democrats.