The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-03-11
inaugural ADDRESS.
Mr.. M'KlNLEY OUTLINES HIS
POLICY ON IMPORTANT
QUESTIONS.
FAYORS A NON partisan MONETARY
COMMISSION TO BE COMPOSED
OF STANCH BUSINESS MEN
AND WISE STATESMEN.
HIS UT1ERANCES REGARDING TARIFF QUESTION
A SPECIAL SESSION WILL BE
CALLED TO PROVIDE AMPLE
REVENUE, ETC, ETC.
HITS THE ILLITtRATE AND VICIOUS IMMIGRANTS
The Illitcratc and Vicious Immigrants
Have No Place in the Heart Of the
New Prcsidcnt--i Firm Stand
for Civil Scryicc-Says the
Senate Should Adopt the
Arbitration Treaty.
A SPECIAL SESSION WILL BE
CALLED TO PROVIDE AMPLE
REVENUE, ETC, ETC.
HITS THE ILLITtRATE AND VICIOUS IMMIGRANTS

| Washington, March I.-F0l0wing il
President Mckinlcy's inaugural speech
in full:
Fellow Citizcns-ln obedience to the will
of the people, and in their presence, by the
authority vested in me in this oath | as
sumo the arduouS and responsible duties
Of president Of the United States, relying
on the support of my countrymen and i'll
voking the guidance ,of Almighty God.
Our faith teaches that there is no safer
reliance than upon the God of our fathers,
who has so signally favored the American
people in every national trial and who
will not f0rsakc MS 80 .ong as we obey
| His commandments and walk humbly in
His footsteps.
FINANCIAL TROUBLES.
The responsibilities If the high trust TO
| which lhaye been callcd--always of grave
importance-are augmented by the pre-
vailing business conditions, entailing idle
ness upon willing labor and loss to useful
enterprises The country is suffering from
industrial disturbances from which speedy
relief must be had Our financial sys-
TEN needs some revision; our money is all
good now, but its value must not fur
ther he threatened. 1t should all be put
upon an enduring oasis not subject 10
easy attack, nor its stability to doubt or
dispute. Our currency should continue
under the supervision If the government.
The several forms Of our paper money
offer, In my judgment, constant pmbar-
rassment TO the government and to q safe
balance in the treasury. Therefore, be-
licve II necessary to devise n system
which, without diminishing the cir
culating medium or offering II pre-
MUM for its contraction, will pre-
sent remedy for those arrange
mcnts whoch. temporary in their ma
turc, might well in the years of our pros
perity have been displaced by wiser pro-
visions. With adequate revenue secured.
but not until then, we can enter upon such
changes in our financial laws as will, while
insuring safety and volume to our money,
no longer impose uLon the government
the necessity of maintaining so large
gold reserve with its attendant and inev-
table temptations to speculation. Most
of our financial laws are the outgrowth of
experience and trial, and should not be
amended without investigation and dem
onstraton of the wisdom of the proposed
changes. We must buGh "be sure we are
right and make haste slowly"
If, therefore, congress. in its wisdom.
shall deem it expedi,Lt to create com
mission to take under early consideration
the revision of our coinage, banking and
currency laws and give them that exhaust
i've, careful and dispassionate eXamina-
ton that their importance demands, | shall
cordially concur in such action. If such,
however, is vested iii the president. it is
my purpose to appoint a commission of
prominent. well informed citizens of botn
parties who will command public conf
dcnce, both on account CT their ability and
special fitness for the work Business eX-
pcrience and public training may thus be
combined and the patriotic zeal of the
friends of the country he so directed that
such n report as will be made will receive
the support of all parties, and our finances
cease to be the subject of mere partisan
contention. The experiment is. ut all
events, well worthy a trial and in my
opinion it can but prove beneficial to the
entire country
INTERNATIONAL BIMETALLISAI
The question of International bimctal.
liSm will have early and earnest attention.
II will he my constant endeavor to secure
il 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 supported by, the
relative value of the TWO metals the value
of the silver already coined and of that
which may hcrcaftec Toe coined, must he
kept constantly at par with gold by every
resource at our command. The credit of
the government, the integrity of its cur
rency and the inviolability of its obliga-
tons must be preserved. This was the
commanding verdict of the people and it
will not be unheeded.
Economy is demanded in every branch
of the government AT nj times, but cspec-
tally like the present depression in bust
ness and distress among the people The
severest economy must Ne observed in all
public expenditures and all extravaganza
stopped wherever it is found and pre-
vented wherever in the future il may be
developed. IL the revenues are to remain
rs now, the only relief that can come must
be from decreased expenditures. But the
present must not become the permanent
condition of the government Ii has been
our uniform practice 10 reduce, not in
crease, our outstanding obligations and
this policy must again be resumed and
vigorously inforced. Our revenues should
always be large enough TO meet with ease
and promptness, notonly our current needs
and the principal and interest of the pub
lie debt but to make proper and liberal
provision for that most deserving body of
public creditors, the soldiers and sailors
and the widows and orphans who are the
pensioners of the United States.
The government shonld not be permit
ted to run behind or Increase its debt in
times like the present. Suitable means TO
provide against this the mandates