The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-07-25
THE MONETARY COMMISSION.
Encouraging Prospects for Cure neg
Reform, Chairman Hanna Says.

INDIANAPOLIS. July a. - Chairman
Hugh Hanna, of the monetary commission
has prepared a statement addressed 10 the
business men OF the United States. setting
sortk The results OF :he commission during
the last session Of congress He says:
The present status Of the undertaking
10 secure a comprehensive currency law is
encouraging beyond what was expected.
III truth, the remarkably prompt appreCia-
ten OF the value OF organized effort and
the realization that the opportunity is a.:
hand has resulted in very gratifying
progress.
The till, az finally agreed upon and re-
ported TO the house, has beer very sener-
ally approved by almost every one support
ing the effort 10 accomplish comprehensive
monetary legislation. TIE bin includes all
OF the elements recommended by the none
tary commission. but the detail of the
method differs IN some respects radically.
On The whole. the bill reported 10y the com
ms:tee j. a greater step IL the right direc-
ton than the business men had reason TO
expec; at this early stage in the progress
The passage OF this hll VIII he the be-
ginning % 4 law for the best currency In
the world. Of course. 1t is possible and
probable that there may he objections tn
details o; The bill. and changes made, be
fore approved by hota houses ~ congress,
bat TIE ACKNOWLEDGEMENT is 30 great Iaat AL
business men who recognize the fxtraordi-
nary opportunity are warranted in absolute
unity Of effort hencefOrth TO the final sue
cess Of ire contamination.
THE avo,AarCe ~ 53iSsensi0u IN diScue-
sion among the friends & this character OF
legislation, OF tho question 0f conSidera-
ton. seemed desirable, and 1t became
question Of exp"d.eacy. While approaching
the force and influence upon the next cleo
ton that would surely have followed II an
Affirmative action could have been made
during the session Just closed. the commit
tee is glad 20 assert a. this period that.
everything considered the present status
Is probably more favorabls n ultimate
iegisjailon than would have been the case
had few OF the RePGuh ans n the h,us~
dsappToved the action sought during The
session. To measure the present condition
il Is only Necessary 70 say that there il
every reason to believe ,ha. the president
and al. the leading Republican senators
and congressman and the lJe members %
The house VINO siTnef the perition now
stand united IN support Of the general
every reason "a believe mat Mr. Reed a r.!
b. an earnest advocate Of monetary iegts-
lati9n.
There Is every reason Tor the members
q this organization 10 entertain positive
hope ard 20 arouse ne most determined
spirit AVID effort 70 continue the struggle
- unremit.irg.y and - successfully made
10 his stage % rye work
tn effof, made IN the Yass house Of
congress. * y believed would ~ pire ns-w
hope n tne Eus news rutu ~ the country in
m effort 20 secure IN the November eiec-
riaC. uCt only the cont .nuaucr Of the con
troll bv the Republican ard sound money
element - the love- hoUse- bat 20 over
come IRE ma iov.ty ia tne senate nov held
cy III SAT money people aad thus make
sotua money possible Ne sUC3 legislation
ean D. enacted untl both branches ~ con-
greEs are IN ca-trg. - the Republicans and
so4nd reuH*N Democrats
FiaaS wlI DE- fo-muiatet iu due time II
order that fNe business ni%7 II the country
NAV s1IpritneHr the rsRu9r cgEan .2stten
for RoTk in TIRE weak legislative au8 con-
gress-onal districts. II. T.. HANNA