New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-07-25
oUTLooK FOR CURRENCY REFORM
H. II. HANNA on THE WORK OF THE NONE
TARY COMMISSION.

rrd,arapoI,s Julv N-Chairman Hugh II. Hanna
OF the Monetary Commission has prepared state
ment addressed TO the business men, se'u'b '' "
the results of the work Of the Commission uur'"s
the last session OF Congress. He says;
The present status of undertaking 10 seYu, naod
comprehensive currency law is encouraglng psyJIi
what we expected. In truth, the r ,s nsy
prompt appreciation OF the value OF organized eo
and the realization that the opportunity IL At hi''
have resulted In very gratifying progress. rtod IN
The BILL as finally agreed upon ana reporttsu ~
the House has been generally approved py amost
every supporting the effort To- ipdes ali
prehensive monetary legislation The bill incudes az
Of The vital elements recommended by the Commls-
sion. but the detail Of method differs IN soned b,
spects radically On the whole tn 6iil rehcn d,e
the committee is greater step In the risnt u' Cd
ton than the business men OF the hs eariy
stage In the progress OF the work. ,,,. ~
ne passage OF this bin viii be a he or course
1t is possible and probable there may be
TO the details Of the bill ana ths Gnn9ress; but
the encouragement Is so great that an Dus,, nItv
who recognize the extraorinary 4ppor, enrc
forth to the final successful contamination s
the friends Of this character of legislation upon
the question of consideration seemed desrhoe; aau
eating the force and influence upon me nexs eles
ton tnat would surely have followed II an ann i
just closed. the committee is glad to assert at TINS
period that. everything considered lhe Piese,h,'
latIon than would have been the case had num-
Der of leading Republicans in the House disap
TO measure the present condition IL is only heces-
sary to say that there is every reason 10 pelieVe
that the President and all the leading Admnistra,
tion Republican Senators and Congressmen, ana
the 80 members OF the House VINO signed Ine ps
tition now stand united in support or the general
principles OF the commvtec's bill. There Is every
reason TO believe that MIR Reed will be an earnest
advocate of monetary legislation. ..,
There is every reason for the members or TINS
organization to entertain positive nope anu ~
arouse the most determined spirit ana eHort 10
continue the struggle unremittinBiy ana 50 sue
oessfully made TO this stage of the work IL was
the lower house during the session Just coseu wa9
ton OF good faith on the part of the Republican
branch of Congress. This. II was believed. Wou h
inspire new hope and unite the business men OF tnc
country in effort TO secure in the NoVeHip,el
election not only the continuance Of the control py
the Republican and sound-money element OF the
lower house. but to overcome the majority IN ti'c
Senate now held by the fiat money people. ana mus
make sound-money legislation possible NO sue,
legislation can be enacted until both branches OF
Congress are in control of the Republicans and the
sound money Democrats
Plans will be formulated IT. due time in orde:
that he business OF the country may supple
mcnt the regular organization Tor WORK III tnc
weak legislative and Congress districts