US Presidency
1897

Until that conditionis realized when the parity between our gold and silver money springs fromand is supported by the relative value of the two metals, the value ofthe silver already coined and of that which may hereafter be coined, mustbe kept constantly at par with gold by every resource at our command. Thecredit of the Government, the integrity of its currency, and the inviolabilityof its obligations must be preserved. This was the commanding verdict ofthe people, and it will not be unheeded. Economy is demanded in every branch of the Government at all times, but especially in periods, like the present, of depression in businessand distress among the people. The severest economy must be observed inall public expenditures, and extravagance stopped wherever it is found, and prevented wherever in the future it may be developed. If the revenuesare to remain as now, the only relief that can come must be from decreasedexpenditures. But the present must not become the permanent condition ofthe Government.