Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1897-03-18
INALGunAL AppREss.
synopsis of President Mcs[tnIey's Re-
marks AFTER Taking the oath.

tenn. he said: "Our financial > stem needs
some revision; our money Is all good now.
ened. II should all be put on a n enduring
basis, not subject to easy attack, nor its
CT should continue under the supervision
OF the government. The several forms or
our paper money offer. in my judgment,
constant emDarrassment 70 the govern
Inent and safe balance IN the treasury.
Therefore / believe IL necessary 70 devise
a system which, without diminishing the
circulating medium. or onering a premium
fer its contraction, VIII present remedy
for those arrangements which. temporary
In their nature, might Well In the years
OF our prosperity have been displaced by
wiser provisions. with adequate revenue
secured, but not until then, We can enter
| upon such changes in our fiscal laws as
VIII, while insuring safety and volume
to our money, no longer impose upon the
government the necessity OF maintaining
so large a gold reserve, with its attendant
and inevitable temptations to speculation.
Financial Reform Needed.
He advises a thorough investigation of
our finance law before attempting to
amend them, and says:
"If, therefore, congress in its wisdom
shall deem IL expedient to create a COM
mission TO take under early consideration
the revision of our coinage, banking and
haustIve, careful and dispassionate exam
nation that their Importance demands,
shall cordially concur in such action. II
such power Is vested In the president il
Is my purpose to appoint commission OF
prominent, well-informed citizens OF differ
ent parties, who will command public conf
special fitness for the work"
He favors international bimetaliism and
tention, and says it viii be - his constant
endeavor TO secure IL by cooperation with
tho other great commercial nations Of the
world. Until that condition is realized"
no continues, 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 hereafter
he coined, must be kept constantly at par
H.
He advises economy in the adminlstra-
tion OF the government. and insists upon
the resumption of the policy of decreas-
ing in place OF increasing the public debt.
and the proper and liberal provision for
the soldiers and sailors and their widows
and orphans.
Tnrim Legislation wanted.
He asks for an Increased revenue, and
1.-THE government should not be permit
ted to rua behind, or increase its debt in
times like the present. Suitably to provide
against this 10 the mandate Or duty; the
certain ana easy remedy Tor most Of our
financial dtfhCultt, $. deficiency is in
eVitable 50 long as the expenditures of
the government exceed its receipts. Ii can
euue. While a large annual surplus Of
revenue may invite waste and eNJrava-
trlnce. Inadequate revenue creates distrust
anu undefmines pupLc anu private credit.
Neither should be encouraged. Between
more loans ahu more revenue there ought
TO be out one opinion. Ne should nave
more revenue, aud that without delay,
hindrance or postponemSnt surplus in
the treasury created by loans, - not q
permanent or safe reliance. IL Will sur
flee while IL lasts, but it cannot last long
while the OUTLAWS OF the government are
greater Jnan its receipts, as has been the
case during the past TWO years. Nor must
ii 10 f0rgGiten however much such loans
may temporarily relieve the situation the
government is still indebted for the amount
OF the surplus thus accrued, which 1t must
ultimately pay, while Its ability to pay Is
lot tFengthened but Weakened by con-
tiUued deficit.
the government anu recommends the en-
actment OF revenue legislation at the ear
lest possible date that VIII permit OF this
policy. He says OF this:
'"rhe people have declared that such legis-
lation should be had as Will give ample pro-
lection and encouragement TO the indus.
tries and the development OF Our country"
In the revision OF the tariff he recona-
InSuds that special attention be given to
the .eenactment ana extension of the
reciprocity principle. In closing the sub
ject of finance and tarir revision. he says
congress must legisate for business res
i. He Condemns lynchings and says they
must not be tolerated. 'courts-not mobs--
must execute the penalties Of the law.
The preservation OF pubic order, the right
the orderly administration OF justice must
continue forever the rock OF safety upon
which our government securely rests"
He scores the trusts and says:
Immunity should be granted to none
who violate the laws, whether individuals.
c7rporauons, or communities and as the
34ustitution imposes upon the president the
duty OF bOtu It's own execution anu OF the
statutes enacted in pursuance Of its
provisions, ! shall cndeaYor carefully TO
carr. them into eject
improved immigration Laws.
on the subject or Immigration, he says
our laws should be further improved 10 the
constant promotion OF "A safer, better
and higher CitGe 1ship. lie recommends
that the gates Of tbs land be closed 70 those
who are TOO ignorant 70 understand or TOO
vicious 10 appreciate the value OF our in
The eivn reforms must continue. but
tbs changes should not be periuaetory or
prompted oy zeal Ia behalf OF any party.
An enforcement OF the evil service laws
Iegtsiation g. recommended In behalf of
American merchant marine, which, he
says. is now lower both III percentage OF
tonnage and the number OF vessels en-
The arbitration treaty with Great Brit
ain receives considerable attention ami
the early action OF the senate is urged on
Ii NOT merely as matter OF p0llCy, but as
a dnty rs mankind The iinportase@a md
moral influence OF the ratification OF such
treaty can hardly lee overestimated III
the cause OF advancing civilization.
In closing this subject the president SAYS;
1T may Wen engage the best thought OF
the statesmen and people Of every country,
and cannot but consider Il fortunate that
II was reserved 10 the United states 10
have the leadership In SO grand a work
ADMINISTRATIONS Foreign PoIIcy.
The foreign pOucy u the new aaa4InIstra-
tiou is outlined AS follows,
I'VE have cherished The policy OF nom
interference with the aEalrs Or foreign
governments. wisely ipaugurAted by NASH
ington. keeping ourselves free from en-
ta1eleinents either as allies or foes con-
tent TO leave undisturbed wiki them the
settlement of their own domestic concerns
il viii be our aim to pursue a firm and
dlgniNed foreign policy. Whieh shall pe Just,
Impartial, ever wAIChful Of our national
honor and always insisting upon the en-
foreement OF the lawful rigats Of Ameri-
can citizens everywhere, We want no wars
~ conquest. We must AVOID the temptation
OF territorial aggression. a war should
never be entered upon until every agency
uf peace has FAILED peace is preferable
TO war iii almost every contingency"
Extra session 81 Congress-
He alNes IA review OF the U0uO.4l4ons or
lie country at tAG present tltue. the ne
eysslty tor legislation that Will relieve the
~tf-2t{H in the Industrial aud financial fields
tRe desire OF the opposing parties to have
me questions settled uoW, the desire OF
the common pUe.ie as evidenced at the late
,tSstlon Tor action Oh these questions and
says
deem il my duty as president 70 conNSue
,s.lHssr4sSs In extraordinary session ua Moa-
aax the 18th day OF March, 1897.
IN conclusion the president SAYS: