Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-07-25
SOUND MONEY STATEMENT.
Monetary Commission Pleased by
Program in Curr. ncN Legislation.

Monetary Commission Pleased by
Program in Currency Legislation.
Chairman H. H. Hanna of the monetary
commission has prepared a statement. ad-
dressed to the business men, setting forth
the results OF the work of the commission
during the last session of Congress. He
says:
The present status of undertaking to Sc
cure comprehensive currency law is en-
cOurdging beyond what We expected. In
truth the remarkably prompt appreciation
OF the value of organized effort and the
realization that the opportunity is al hand
has resulted in very gratifying progress.
The bill as finally agreed upon and re-
ported to the House has been very general
~ approved by almost every one support
ing the effort to accomplish comprehensive
monetary legislation. The bill includes all
ot the vital elements recommended by the
monetary commission, but the detail of
method differs in some respects radically
On the whole, the bill reported by the com
mittee is a greater step III the right direc-
ton than the business men of the country
mad reason TO expect would be secured at
work
The avoidance of dissension in discus
sion among the friends of this character of
legislation upon the question Of considera-
tiCn seemed desirable and IL became a ques-
ton of expediency. " hiic approaching the
force and influence upon the next election
that would surely have followed If an affir-
NATIVE action could lave been had during
the session just closed, the committee is
glad to assert at this period that every
thing considered, the present status Is
Pre- badly more favorable to ultimate Iegis-
lattOn tEan would have been the case had a
Lumber OF the leading republicans in the
House disapprOVed of the action sought
during the session.
To measure the present condition 1T Is
only necessary TO say That there is every
a DAiI fhlr h.. dam NJ ill
the leading administration republican sena-
tors and congressman and the 10 members
of the House who signed the petition now
stand united in support of the general prin-
cipies of the committees bill There is
every reason TO believe that Mr.. Reed will
be an earnest advocate of monetary Il gisIa-
ton
There is every reason for the members
OF this organization to entertain positive
nope and to arouse the most determined
spirit and effort 20 continue the struggle so
unremittingly and so successfully made to
this stage Of the work. II well under
stOoc that the effort made for action in the
lower house during the session just closed
vas for the particular purpose of making
a demonstration of good faith on the part
OF the republican branch OF The Congress.
This. 1t was believed, would inspire new
hope and unite the business men Of the
country in an effort 10 secure in the No
vember election not only the continuance
CT the control by the republican 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
such legislation can be enacted until both
branches OF Congress are IN control of the
republicans and the sound money demo-
Gratis.
plans will be formulated in due time in
order that the business men of the country
may supplement- Ihe regular organization
for work in the weak legislative and con-
sFesslonaI districts II III. HANNA"