Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1897-03-08

administerer, after which he made a
pr1ef address. He then proceeded in his
turn to swear in such as were present of
the 80 senators whose terms either of
election or reelection began contem-
pOraneouSly with that of the president.
rms ceremony completed, both houses
of congress and many of the more priv
1leged spectators adjourned to the east
ern portico.
There, in the presence of an immense
throrg, Chief Justice Fuller admins
tered to President Mckinley the brief
obligation prescribed to maintain the
Constitution and enforce the laws of the
United States, and President Mckinley
delivered his inaugural address.
Presidents inaugural.
Fellow Citizens: In obedience to the
will of the people, and in their presence.
by the authority vested in me by this
oath, I assume the arduous and respon-
sible duties of President of the United
States, relying on the support of my
countrymen and invoking the guidance
of Almighty God. Our faith teaches US
that there is no safer reliance than upon
s the God of our fathers, who has so singu-
iarly favored the American people in ev-
cry national trial, and who will not for
sake us SO long as we obey his command
ments and walk humbly in his footsteps.
The responsibilities of the high trust
to which I have been called-always OF
grave importance-are augmented by
the prevailing business conditions, en-
failing idleness upon willing labor and
loss to useful enterprises. The country
is suffering from industrial disturb
ances, from which speedy relief must be
had. Our financial system needs some
s<-s-@
its value must not further be threatened.
It should all be put upon an enduring
basis, not subject to easy attack, nor its
stability to doubt or dispute. Our cur
rency should continue under the super
vision of the government. The several
forms of our paper money offer, in my
judgment, a constant embarrassment to
the+ e+government, and to safe balance
in the treasury Therefore, believe it
necessary to devise a system which,
without diminishing the circulating me-
dunn or offering a premium for it's con-
traction will present a remedy for these
arrangements, which, temporary in their
nature, might we'll, in the years of our
prosperity, have been displaced by wiser
provisions. With adequate revenue Sc
cured, but not until then, we can enter
upon such changes in our finance laws
to our money, no longer impose upon the
necessity of maintaining so large a gold
reserve, with it's attendant and inevita-
BILE temptations to speculation. Most of
our financial laws are the outgrowth of
experience and trial. and should not be
amended without investigation and dem
onStration of the wisdom of the pro-
posed changes We must ''be sure we
are right and make haste slowly"
IF, therefore, congress, in its wisdom,
shall deem it expedient to create COM
mission to take under early considera-
tion the revision of our coinage, bank
ing and currency laws, and give them
that exhaustive, careful and dispassion-
ate examination that their choice de-
niands, I shall cordially concur in such
action. If such power is vested in the
president, it is my purpose to appoint
a commission of prominent, well-in-
formed citizens of different parties, who
will command public confidence, both on
account of their ability and special fit
ness for the work. business experience
and public training may thus be COM
bined, and the patriotic zeal of the
friends of the country be so directed that
such report willsbe made as to receive
the support of all parties, and our finan-
ces cease to be the subject of mere par
tisan contention. The experiment is, at
all events, worth trial, and, in my opin-
ion, it can but prove beneficial to the en-
tire country.
The question of international bimetal-
lism will have early and earnest atten-
ton. 1t will be my constant endeavo1
to secure it by cooperation with the
other great commercial powers of the
world. Until that condition is realized
when the parity between our gold and
silver money springs from, and is sup
ported by the relative value of the two
rnetals the value of the silver already
coined and of that which may hereafter
be coined, must be kept constantly at
par with gold by every resource at ou1
command. The credit of the govern
ment. the integrity of it's currency and
the inviolability of it's obligation must
be preserved. This was the command
be unheeded.
VICE PRESIDENT HOBART TAKING THE OATH
Economy is demanded in every branch
of the government at all times, but es-
pecially in periods like the present of de-
preston in business and distress among
the people. The severest economy must
be observed in all public expenditures
and extravaganza stopped wherever it is
found, and prevented wherever in the
future it may be developed. If the rev.
enues are to remain as now, the only re-
lief that can come must be from de-
creased expenditures. But the present
must not become the permanent condi-
tion of the government 1t has been our
uniform practice to retire, not increase,
our outstanding obligations, and this
policy must be resumed, and vigorously
enforced. Our revenues should always
he large enough, to meet with ease and
t,romptness not only our current needs,
and the principal and interest OF the pub
ic debt. but to make proper and liberal
provision for that most deserving body
Of public .reditors-the soldiers and the
sailors and the widows and orphans who