The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-25
MONETARY COMMISSIONS WORK.
Statement Addressed to the business
Men of the Country.

Men OF the country.
Indianapolis, Ind, JulyA 24.-Chairman
Hugh H. Hanna of the monetary commits
sion has prepared a statement addressed
to the business men of the country setting
forth the results Of the work of the COM
mission during the last session of Con-
gress. He says: THE present status of
the undertaking to secure comprehen-
sive currency law is encouraging beyond
what We expected. In truth the remark
able prompt appreciation of the value of
organized effort and the realization that
the opportunity is at hand has resulted in
very gratifying progress.
'The bill, as finally agreed on and re-
ported to the House, has been generally
approved by almost every one supporting
the effort to accomplish comprehensive
monetary legislation. 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 reported by the com
mittee IS greater step in the right direc-
ton than the business men of the country
had reason to expect would be secured at
this early stage in the progress of the
work.
THE passage of this bill will be the
beginning of law for the best currency in
the world. OF course 1t is possible and
probable there may be objections to the
details of the bill and changes made be-
fore 1t Is approved by both Houses of Con-
gress, but The encouragement is so great
that all business men. who recognize the
extraordinary opportunity are warranted
IN absolute unity Of effort henceforth to
the final successful contamination.
THE avoidance of dissension in discus
q H.. Ell
OF legislation upon the question of consid-
GRAFTON seemed desirable and it became a
question of expediency. While appreciat-
ing the force and influence upon the next
election that would surely have followed
II 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 ulti-
mate legislation than would have been
the case had number of the leading Re
publicans in the House disapproved of the
action sought during the session
70 measure the present condition it Is
only necessary to say that there is every
reason to believe that the President and
all the leading administration senators
and congressman, and the $50 members
of the House who signed the petition, now
stand united in support of the general
purport of the committees bill There is
be an earnest advocate of monetary legis-
lation.
There is every reason for the members
Of this organization to entertain positive
hope nd to arouse the most determined
spirit and effort to continue the struggle
50 unremlttingly and SO successfully made
to this stage of the work 1t was well I'M
derstood that the effort made for action
in the lower house during the session Just
closed was for the particular purpose of
making a demonstration of good faith on
, the part of the Republican branch of Con-
gress. 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 contiuu-
ance of the control by the Republican and
sound money element of the lower house.
but to overcome the majority in the SEN
ate now held by the fiat money people,
and thus make sound money legislation
possible. No such legislation can be en-
acted until both branches of Congress are
in control of the Republican and the sound
money Democrats.
"Plans viii be formulated in due time
in order that the business men Of the
country may supplement the regular or
ganization for work in the weak leglsla-
tive and congressional districts.
III. II, Hanna"