Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1897-03-11
A NEW PRESIDENT.
William Mckinley Assumes the
Highest Office in the Land.
Most Brilliant Parade Ever Witnessed In
shington-Inaugural Address Urges
Financial Reform and More
Revcnue-The ball.

Guy never lOOhSu upon huCH pVliOSp
parade as that which escorted Presi-
dent Mckinley from the capitol to the
white house and then passed in review
under his eye. The feature of the
splendid pageant was the perfect bal
ance between its contrasting parts and
the high order Of skill that was shown
in the handling of the 10000 or more
men that stepped along or bestrode the
splendid steeds that danced and reared
their way in the parade.
There was no long-drawn-out mass
ing of uniformly attired regular troops
or militia, pleasing enough to the mill
tary eye, but wearisome to the specta-
tors who made up the vast crowd.
Nor was there any preponderance of
widely separated civic organizations
whose identity was scarcely distin-
guishable through the presence or abb
sence of high hat or different col
ored overcoat. Instead, the military
display was just large enough and
had just enough variety to give
the people pleasing oppor-
tunity to dwell upon the difference
between the three great arms of the
service, while as for the civic organiza-
tions, their leaders showed the neces-
sary ingenuity in the variety OF their
costumes to make it delight to look
upon their closely drawn lines. Amid
the merry spectators hearty need of
applause and reverential uncovering
of heads was called forth by the pas
sage of the limping and battle-scarred
veterans of the war, now few in num-
Der, but of sturdy heart.
The inaugural Address.
President Mckinley made his fealty
to the American people on the east ter
race of the capitol. He arose and un-
covered, while Chief Justice Fuller, in
his flowing robes, administered the
oath in the presence of the tremendous
multitude. The new president kissed
the large gilt-edged Bible presented
by the bishops of the African Meth
odist church, to seal his OATH A daz-
cling and inspiring scene spread out
before him as he appeared on the steps
of the senate wing. A glorious south
ern spring sun blazed from blue sky,
an suspicious augury for his admins
tration. Except for Mr.. Cleveland's
first Inauguration in 1885, there has
been no such an ideal day for the mo-
mentous ceremony. President McKin-
ley said in part:
Fellow-Citzens: In obedience to the will
OF the people and In their presence by the
authority vested In me by this OATH as
sumo the arduous and responsible duties
of president Of the United States, relying
on the support Of my countrymen and In
volking the guidance Of Almighty God.
The responsibilities Of the high trust to
which have been called-always OF grave I'M
portance-are augmented by the prevailing
business conditions, entailing idleness on will
ing labor and loss 20 useful enterprises. The
country is suffering from industrial disturbances
from which speedy relief must be had, Our
financial system needs some revision: our
money is all good now but Its value must not
further be threatened. 1t should all be put on
an enduring basis not subject to easy attack,
nor It's stability TO doubt or dispute. Our
currency should continue under the SUI
pervision of the government, The sew
bral forms OF our paper money 0ffeT,
in my Judgment constant embarrassment to
ury, Therefore l believe 1t necessary to devise
system which, without diminishing the circu-
lating medium or Offering q premium for its
contraction, will present remedy for those mr.
rangements which, temporary In their nature,
might well In the years OF our prosperity have
been displaced by wiser provisions. With ade-
uuate revenue secured but not until then, we
can enter upon such changes In our fiscal laws
rs will, while insuring safety and volume to
our money, no longer impose upon the govern
yment the necessity Of maintaining so large
gold reserve, with It's attendant and inevitable
temptations to speculation. II, therefore. con-
gress In its wisdom shall deem 1t expedient to
create commission to take under early con-
sideration the revision Of our coinage, banking
and currency laws and give them that exhaust
i've careful and dispasslonate consideration
that their Importance demands shall concur
In such action II such power Is vested In the
president 1t is my purpose to appoint COM
mission of prominent, well-informed citizens
of different parties who will command public
confidence both on account Of their ability and
special fitness for the work
For International BImetalllsm.
The question of international bimetallism
tgih have early and earnest attention. 1t will
doe my constant endeavor to secure cooperation
with the other great commercial powers OF the
world Unth that condition is realized when
the parity between our gold and silver money
is supported by the relative value Of the two
metals the value OF the silver already
coined and OF that which may here
after be coined must be kept constant
ay at par with gold by every resource at our
commQgd The credit OF the government the
integrity Of its currency and the inyiolability
Of it's Obligations must be preserved This was
the commanding verdict Of the people and it
will not be UNDECIDED
Economy Must Be Observed.
Economy is demanded ip every branch of the
government ut all times. but especially in
periods like the present of depression in bust
ness and distress among hepeople The sever
est economy must be observed In all public eX-
penditures and extravaganza stopped wher-
ever 1t is and prevented wherever in the
future 1t may be developed. The government
should not be permitted to run behind or in
crease its debt in times like the present de-
ticiency Is inevitable so long as the expenditures
of the government exceed its receipts. 1t can
only be met by loans or an increased revenue.
While large annual surplus of revenue may
invite waste and extravaganza, inadequate
revenue creates dlstrust and undermines pub
lie and private credit Neither should be en-
COuraged.
Not in Favor of Loans.
The best way for the government to maintain
its credit is to pay as 1t goes-not by resorting
TO loans, but by keeping out Of debt-through
an adequate income secured by system Of tax
alton, external or internal, or both. 1t is the
settled policy OF the government /, pursued from
the beginning, practiced by all parties and i'd
ministrations to raise the bulk Of our revenue