The Dawson news. (Dawson, Ga.) 1889-current, 1897-03-10
WHAT THE NEW PRESIDENT SAID
IN HIS INAUGURAL ADDRESS.
Wants a Commission to Investigate
the Currency. Opposes Bond
Issues and Promises High
Protection.

I UnaU ne understands UDe gravity Oh Gne
I situation, and he emphasizes a crafty
ing determination to proceed at once
with the application of such remedial
! legislation as Will restore order out Of
! the commercial and industrial chaos
that has reigned during the past few
| years.
Realizing the danger of delay when
confronted with so grave an emergen-
CIV as that with which the new admins
| tratiOn IS presented, he announces a
call for an extra session OF congress to
assemble on Monday, the 10Th instant
an evidence Of the good faith OF what
he has to say of the urgent need of
| prompt action.
The inaugural address is devoted
chiefly to the consideration of two
questions, the same which formed the
two leading issues of the presidential
mpaign-mOney and tariff.
He gives the currency question the
leading place among the topics discuss
ed, and intimates very pointedly that
the policy of his administration will be
directed to the appointment Of "a COM
mission of prominent, Well-informed
citizens of different parties," which
shall "take under early consideration
the revision of the coinage, currency
and banking laws, and give them that
exhaustive, careful and dispassionate
examination that their Importance de-
mands." This means that congress
will authorize the appointment of such
a commission, and that nothing will be
| done toward reforming our currency
system until that commission reports,
which will probably be at the regular
session Of congress during the next
winter. He pledges his constant en-
| deaVOr to secure international bimetal-
lism by cooperation with other great
commercial powers of the the world. :"
Since the congress which has just ad-
journed has vested him, not only with
the authority to appoint representa-
tives to any international conference
that might be called, but has specially
authorized President Mckinley to call
such conference, there will be no eX-
cuse for non action on this line. The
| president, however clearly favOrs
the national banking system--at
least he favors supervision of
the currency by the national
government''-and he favors re-
retiring the greenbaCks and treasury
notes. He makes it very clear that all
the power he possesses will be used to
| keep the currency on gold basis.
| Therefore, no bill favor G free and UNI
| limited coinage at the ratio of Is to
Will receive his approval, unless an IN
| ternatiOnal agreement in respect 70 Sill
yer is reached
On the tariff the president takes
OutspOken and unequivocal ground,
declaring in favor of a tariff not for
oil fyNrs
tiCn for projections sake. This is the
meaning of his declaration that the
Industries and the development of the
country must have ample protection
and encouragement" What the
president says about the tariff
is just what it was expected he
would say. He seems to think that in
some way tariff framed in accordance
, with the tariff principles of the re-
| publican party is going to have the eff
feet Of restoring prosperity
| The president is TO be especially
commended for the emphasis of his de
claratiOns against extravaganza eXpen-
ditures, and he points the way Of bet
ter government in the automatic de-
claration that The best way for gov
erEment to maintain its credit is to
, pay dS IL SOGSs OA IidUtI al HG
declares against the increase of the
public debt and further bond specula-
tion-sentiments which bespeak the
popular condemnation Of recent acts
which gave rise to- the pointed ut
terances of the new president con-
corning these matters.
The president couldn't have said less
about trusts, the navy, our merchant
| 10 he,
inviting criticism. His utterances in
reference to these matters may mean
much or little. They will not attract
a great deal of attention. He is
against trusts, of course-that is, trusts
i which hinder trade and Cypress the
peOple-and he wants our ship building
interests encouraged.
He says nothing as to Cuba, because
be cannot do so until he is able to give
the facts in the case his official atten-
ton and to act upon full official knowl-
edge, In outlining his foreign poll
lev, however, he made it understood
that he is going to protect Americans
and American interests
The peroration Of the address is de-
voted to recognition of the frateraal
spirit which now animates the people
Of all parts of the country. The presi-
dent sounds the knell Of proscriptive
policies based upon sectional anjmosi-
Ties and prejudices. AS a republican
he holds out the olive branch to the
south, and as president he proclaims
himself for peace, good willard cordial
utilization among ail the people.
No great weight, probably, will be
attached to the inaugural address. Its
utterances will be taken as an express
sion of the presidents views on public