The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-05
4 INAUGURAL ADDRESS.
d -, Mckinley Outlines the
Fss .',,., Of His Administration
srvrpFsr ECONOMY DEMANDED.
:, the principle of Reel
|DtfsA. rxtra session of Com
s'' -. TO Begin March To-
,,.r,, 4-Following is the

l.. IL
Va,'I' address of President Mckinley;
sl9. citizens: In obedience to the VIII
Fs~' =. and In their presence, by the
{ % .. I'VE vested in me by this oath | as.
'd'a =. ,rduous and responsible duties OF
Ers y. !, the United States, relying on
Fsa'u' =, A. my c,untrymen and invok-
y sp', Guidance of Almighty God. Our
|hf ine ~ MS there is no safer reiiance
|hsh teacn.s God OF our fathers. VINO has
/ ~ upca , favored the American people
| ! dnsu',n" .,,onai trial, and who Will not
ID reH as long as we obey HIS COM
|bThe y. and walk humbly in HIS FOOT
gEf Possibilities of the high trust to
" ~ nave been called-~aiways Oh grave
yika l.,Se--.are augmented by the pre-
f.s husiness conditions, entaiiihg luie.
vSns us Wiling labor and loss to useful
n s The country is suffering from
Ger,'s,d ,sturbances from which speedy
sn.n., no had. our financial system
w. . .a,ns revision; our money is all
Int lis value must not be fur
y Nv, II should all be put upon
" .',Ing basis, not subject to easy at
whch Mace its stability in doubt or
-, (Snr currency should continue
.hs ,uneryision of the government.
y. .,ssral forms of our paper money
~ ia my judgment constant eHinar-
sm,ut 10 the government ana sate
s.,.,ss in the treasury. Therefore l be-
-. n necessary to devise a system
IA ". without diminishing the circulating
'.Sum or Offering a premium for its con-
.s.sn will present remedy for those
pigments which, temporary. in their
..c,e might well in tho years Of pros
IN have been displaced by wiser provis-
Z, With adequate revenue secured, but
!. mill then, we can enter upon such
A,,rss in our financial laws as viii, while
rn,ipg safety and volume 10 our money.
!, eager impose upon the government the
,ssssIty Of maintaining SO large gold
sstre With its attendant and inevitable
tuutations to speculation. Most OF our
.,,rt,al laws are the outgrowth OF ex-
raats and trial, and should not be
vsodsd without investigation and demon
t1,ou OF the wisdom of the proposed
Il,pses We must be both "sure we are
Ist' and make haste slowly" If, there-
n congress, in its wisdom, shall deem
incident 10 cause q commission to take
rxr early consideration tho revision Of
ID coinage banking aud currency laws,
n rive them that exhaustive, careful and
passionate examination that their i'm
ounce demands, | shall cordially concur
peh action. II such, however, is vested
he president. 1t IS my purpose to APP
bit commission OF prominent, well in
fna citizens Of both parties, who Will
rnand public confidence, both on dc-
10: Of their ability and special iitlcss
! the work. Business experience and pup
trimming may thus be combined. and
y patriotic zeal of the friends of tie
Dmty 10 so directed that such a report
NJ be made as to receive the support OF
u rrtif. and our finances cease to be
" rhIect OF mere partisan contention.
~ experiment. is, In all events. worthy q
~ ind in my opinion, it can but prove
S1Aail 10 the entire country.
NVxslion Of International bimetallism
W nv early and earnest attention. 1t
Mksy constant endeavor to secure it
FSTration with the other great COM
bfl powers Of the world Until that
rTiaa Is realized, when the parity be-
~ cur gold and silver money springs
~ I'D is supported by the relative Waite
@ Two metals, the value OF the silver
Iacy coined and of that which may here
sA 4 coined, must be kept constantly at
WIN gold by every resource at our
e-siid. The credit Of the government.
aaugrty OF It's currency and the in
nIsall! Of lis obligations must be pre-
M ms was the commanding verdict
w people, and 1t will not be unheeled.
Aeonomy Is demanded in every branch of
government at all times, but especially
rllo's like the present Of depression in
- anu distress among the people.
.n,uest eronoily must be observed
~ pspnc expenditures and cXtrava-
s'opped Wherever it is found and
n Wherever in the future IL may
'soped, II the revenues are to re-
nov, the only relief That can come
49, nVa Increased expenditures, But
st,ss su' mus not become the permanent
n Sr,sa y lne government. II has been
- Ay.m practice TO relieve, not in
IL r,,,s WI outstanding obligations, and
M. y's! must again be Resumed and VIZ
h.. ~ eI'oreed. Cur revenues should al
4. ,,s Mse enough to meet with case
N Spuess not only our current needs
A. principal and interest on the pub-
,ri.,", sat 10 make proper and liberal
INle c,,',,. ual most deserving body OF
,l IA ,,.is' the soldiers and sailors
srssrs, WIDOWS and orphans who are tho
ma ~ OF the United States.
rn sO,egnment should not be normi,tn,l
hs ana or Increase its debt in tine J
1i, NC present Suitably to nrovida
a'Ain and Tue mandate OF duty, the
altisl S,,n vAsy remedy for most Oh our
stable 90 ,.sVuilles, A deficiency is III
nsrnssrw, 'oas as the expenditures OF the
cl BE- me, Soeed Its revenues. 1t can
he Whn.o loans or an Increased rev
slue ma, large annual surplus of
nise, inaSsai invite waste and extraya-
p. snse-r'quat revenue creates disirus,
tiAw ,hon,ss pubic aud private credit
are na,.ufa be ENCOURAGED nstvee,
h I'm, ana more revenue thera o,ieh,
~ reysr, vhe opinion. We shcuR, bave
e1tse or no. ala that without DELAY. hin.
esurry crs'oS.ponement. A surniua i, The
an, .,caled by loans is moi a' , ~ mas
hst,, but i,,s',anee' 1t will suffice while
sl,s Of ~ y can not last long While ths
sscslpt, ~ government are greater thar
pest two as mas been the case during
a'e thai, sears' Nor must it be for.
ssoearily re,,0er much such loans may
ssat b s,, I,'e I've the situation, the gov.
las thus aod indebted for the amount OF
.sf pay, Whit, Iued' which 1t must uni,
sslhensd ha, IT'S ability to pay is moi
~ Loans ~. weakened by a continues
sssrsies 10 are are imperative In great
efsdlt. bu, preserve the government
~ IN time =, 'auuro TO supply needed
n u either bos l peace for the mainte.
i ssst way t aas 10 Justification.
s,i' is to nav ,ae Govern nent TO pay
a. to loans as 1t soes-not by re-
'aroush an ad nus by keeping out of