The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1897-03-12
Economy Demanded in Ev--
cry Branch ofthe Gov
eminent.
Favors the Restoration OF the
American Merchant !.
Marine.
Deficiencies to Be stoppedp
By a Revision Of the
Tariff.

Tariff.
Washington. March 4.-Following 10,
President McKinley's inaugural address3,.
Fellow Citizens: In obedience to the:
will Of the people and in their presence.
by the authority vested in me by this
oath. assume the arduous and respons
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 that
there is no tafer reliance than upon the.
God Of our fathers. who has so singularly'
favored the American people in every
national trial. and who will not forsake.
us SO long Jas we obey his commando
ments and walk humbly in his footsteps.
The responsibilities Of the high trust
to which I have been called-always OF
grave imporance-arey augmented by the.
prevailing business conditions entailine
idleness upon willing labor and loss to
useful ENTERPRISES. The country is suffer-
ing from Industrial disturbances. from
which SPEEDY relief must be had. Our
financial system needs some revision; our
money is all rood now, but it's value must
not further te threatened. It should ALI
be put upon an enduring basis not sub
ject to easy attack, nor its stability to
doubt or dispute. Our currency should
continue under the supervision Of the,
paper money offer in my judgment.
A Constant Embarrassment
to the government and to safe ball
ance in the treasury. Therefore. be-
lieve 1t necessary to devise system
which, without diminishing the circulat-
ing medium or Offering a premium for its
contraction, will present remedy for
those arrangements, which, temporary in
their nature, might well in years of our
prosperity have been displaced by wiser
provisions With adequate revenue se-
cured. but not until then. we can enter
upon such changes in our fiscal laws All
will, while insuring saftey and volume to
our money. no longer impose upon tho
government the necessity Of maintaining
so large gold reserve. with its attend
ant and inevitable temptations to specu-
lation.
Most Of our financial laws are the OUT
growth Of experience and trial. and
should not be amended without. investi-
cation and demonstration of the wisdom
Of the proposed changes. We must DO.
both sure we are right and make haste
slowly" II, therefore. congress in it,
wisdom shall deem it expedient to create
commission to take under early consid.
GRAFTON the revision Of our coinage. bank
Ing and currency laws. and give them that
exhaustive. careful and dispassionate ex.
animation that their Importance demands,
shall cordially concur in such action.
II such power Is vested in the president
1t ts my purpose to appoint q commission
Of prominent, well informed citizens OF
different parties. who will command pub
lie confidence both on account of their
ability and special fitness for the work.
Business experience and public training
may thus be combined and the patriotic
zeal OF the friends Of the country be so
directed that such q report will be made
as to receive the support Of all parties,
and our finances cease to be the sub.
ject OF mere partisan contention. The
experiment Is at all events worth a trial.
and in my opinion 1t can but prove bene-
fetal to the entire country.
International Bimetallism.
The question of International bimetal-
ton. It will be my constant endeavor to
secure 1t 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.
value Of the silver already coined, and
that which may hereafter be coined.
must be- kept constantly at par with gold
by every resource at our command. The
credit OF the government, the integrity
Of its currency and the inviolability Of
was the commanding verdict Of the peo-
PIE. ana 1t will not be unheeded.
Economy IL demanded in every branch
ct the government at I'll times. but CO.
pecfally In periods like the present de-
preston Of business and distress among
the people. The severest economy must
be observed in all public expenditures:
and extravaganza stopped wherever 1t 10
found and prevented wherever in the flu
ture it may be developed. If the rev.
enues are to remain as now. the only rec
lief that can come must be from de-
creased expenditures. But the present
must not become the permanent condition
of the government.
1t has been our uniform practice to re-
tire. not increase, our outstanding obliga-
tions. and this policy must again be re-
sumed and vigorously enforced. Our rev.
enues should always be large enough to
meet with ease and promptness not only
our current needs, and the principal and
interest of the public 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.
Remedy for Deficits.
The government should not be permit
ted to run behind or increase it's debt in
times like the present. Suitably to pro-
vide against this is the mandate of duty:
the certain and easy remedy for most Of
our financial difficulties. A deficiency 10
inevitable 20 long az the expenditures Of
the government exceed its receipts. It
can only be met by loans or an Increased
revenue. While large annual surplus Of
revenue may invite waste and extrava-
gaMce inadequate revenue creates distr,,st
ana undermines public and private credit;
Neither should be encouraged. Between
more loans and more revenue there ought
to be but one opinion. We should have
more revenue and that without delay,
hindrance or postponement
A surplus In the treasury, cSeatst. ~
loans. 10 not q permanent or safe re,!l:.ce.
It will sufllce while It lasts but :, e...-
not last long while the OUTLAWS CT .:o
government are greater than It's -ccti PTS,
- has bsen the care during the pas. :.so
years.. Nor must Il be forgotten that, :.cw-