Nothing was settled more clearly at the late national election than the
determination upon the part of the people to keep their currency stable
in value and equal to that of the most advanced nations of the world.
The soundness of our currency is nowhere questioned. No loss can occur
to its holders. It is the system which should be simplified and
strengthened, keeping our money just as good as it is now with less
expense to the Government and the people.
The sentiment of the country is strongly in favor of early action
by Congress in this direction, to revise our currency laws and remove
them from partisan contention. A notable assembly of business men
with delegates from twenty-nine States and Territories was held at
Indianapolis in January of this year. The financial situation commanded
their earnest attention, and after a two days' session the convention
recommended to Congress the appointment of a monetary commission.
I recommend this report to the consideration of Congress. The authors of
the report recommend a commission "to make a thorough investigation of
the monetary affairs and needs of this country in all relations and
aspects, and to make proper suggestions as to any evils found to exist
and the remedies therefor.
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