Show r MONETARY COMMISSION As the congress was about to ad adjourn adjourn adjourn ad- ad journ the President sent in a messa message e. e asking the appointment of a commission commission commission com com- mission charged with the duty of considering plans for the improvement improve improve- ment of our currency to report the result of their deliberations deliberation to congress congress con con- gress at the opening of the next session The President would not notha ha have e delayed the sub submission ision f of of- hi his s message until the last moment but for the reason that he was fearful that it might delay the passage of the new tariff law which in his judgment was of the first tance The house of Representatives Representative s promptly gave a favorable response but so many Senators had left Washington Washington Wash- Wash i ington tha that a quorum could not b be e had It may cause some some delay in in financial legislation but not necessarily necessarily as our Congressmen are Cull fully competent to act without the advice y a T P- P T c t. t p r f ff f of a commission of experts Do Doubtless Doubt Doubt- bt less there are members in both branches who rho would like to tf re with outsiders the responsibility of placing upon the statute boo book k any law v which would peril their I larity arity There certainly are no good reasons reasons' for taking a round around about bout way wy to attain the end sought The Secretary Secretary Sec Sec- of the Treasury is ar an table an-table able and well posted d and nd ba banker ker who has the entire confidence of the President nt and the th bankin banking f fraternity o al rn Sty His views are well welt known kno and if he needs c counsel and assistance assistance assistance assist assist- ance he can summon to his aid id any number of his fraternity Let Let him formulate a system which will meet with the approval of bankers bankers' and the President He can prepare prepare pre pre- pare a bill to t be submitted to congress congress con con- gress on the first day of the session session f anI and the 1 President resident and his Cabinet I adopt it as an au Administration measure meas meas- meas' meas ure It could be understood that that any Republican member in in either either- r house who refused his influence and vote for the measure would be denied denied deni deni- ed eda a a share of the patronage or or a av a seat in any subsequent Congress I Czar Reed could it put through the House in do double ble quick time and there are enough bankers in the Senate to see it safely through that body I A commission of experts would possibly submit a a report which would provoke disc discussion an and J op opposition position and peril the sU success cess of of- the scheme Besides the prominent features of the plan are well known knew n now and the only use of experts will hill be to pilot it it through a possibly unfriendly Congress The scheme whether it be in the work ot of Secre Secretary s cre tary Gage or a board of ex experts or orthe tIle the National Bankers' Bankers Asso Association ati will contain these s f t I. I The retirement of all all' G C Govern oven ern ment paper money and the u sti of bank hank currency I p n II H. The adoption of the single gold standard with the p possible coinage of silver as a n nal lor l'or or subsidiary coin a legal ten er in small payments r t That is a prize worth con coni ding for or and will enlist the money power in n its its' its attainment nt will be ad a admitted fitted by y all who have given it consi era erl I lion tion ion The Government The p paper per which is s to be displaced cd consists of in in silver sih-er certificates certificate in in greenbacks 11 Il 1 36 86 in Treasury notes y urn as Sh Sherman notes given for s silver ver purchases s making a total o oU t 9 j There is no other way of oft I tiring this his thIs thIs' currency n now nw w i interest terest rest bearing money except by t e issuance issuance issuance ance of bonds to buy up tHIs currency cur cur- ency rency and interest bearing obligations This would i increase crease the he the bon bonded d in indebtedness ov over r S o which a at 4 4 per cent would give ive to the bank bankers rs out of the pockets of the people 3 These Thes bonds woul I 1 be readily t e taken aken by y the banks on condition that they h ey were vere to receive the interest and be beal bellowed al allowed ow d an equal amo amount ht in currency iri fl currency with which to transact the b business sine s of f th the e country i It is a point not not yet s settled whether it would not be better hetter forthe for forI forlie t the lie fraternity I t t. t to be allowed allowed aHo to deposit state and municipal bonds as I ty for the redemption of their heir paper or better still to 10 allow them hem to issue paper without giving giving security security- ty This This' currency would uld be be good in the hands of the holder the he Government being security for forts its ts gold old red redemption This Thi is an n outline of the Republican financial policy and advocated by a n great and increasing g army of bankers banker and andI money lenders I Gold and bank banknotes notes the only mone money commission or no commission 1 w t The Democratic party proposes financial legi legislation lation which will ake our money consist of gold and J silver kilver Treasury notes all credit money to tobe tobe toe be e redeemable on demand in ingold gold goldor or silver the money of off the constitution As As' the Government Governments is s responsible ble for the redemption of alt all credit money if there is iJ is any profit from its issue the whole hole people will enjoy it and not an association of capitalists This is lS s the he contention Which side do you take Cincinnati taker Cincinnati Enquirer |