The record-union., 1897-03-05
r1cKiNLEY'S POLICY.
His Address to the People After TAX
ing the Oath OF Office.

After the oath had been administered
President Mckinley, holding his manu-
script in one hand, turned TO the mul-
titude and, lifting his hand as il in ad-
monition for order, began his inaugural
address. Cleveland, with his silk hat
in his hand, listened attentively to
every word Mckinley's clear and ring
ing tones carried we'll among the confu-
sion and shrieks which prevailed about
the stand, but could hardly be heard
fifty feet from the stand, as he said:
Fellow citizens: In obedience to the
will Of the people and their presence, by
the authority vested in me by this oath,
1 assume the arduous and responsible
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 safer reliance than up
on 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 as we obey his
commandments and walk humbly in
his footsteps.
THE FINANCIAL SYSTEM NEEDS
EEVISICN.
The responsibilities of the trust to
which I have beer called, always Of
grave Importance, are augmented by
the prevailing business conditions, en-
! failing idleness upon willing labor and
. loss to useful enterprises The coun-
try is suffering from industrial disturb
! ances, from which speedy relief must
be had. Our financial system needs
some revision oil
now. but it's value must not further be
threatened. 1t should all be put upon
an enduring basis, not subject to easy
attack, nor it's stability to doubt or
| dispute. The several forms of our pa
per money offer, in my judgment,
constant embarrassment to the Gov
ernment and a safe balance in the
treasury.
Therefore I believe it necessary to
devise system, without diminishing
the circulating medium or Offering
premium for its contraction, which will
present remedy for those arrange
ments which, temporary in their ma
ture, might we'll in times of our pros
perity have been displaced by wiser
provisions.
With adequate revenue insured bat
not until then. can we enter uDon such
changes in our financial laws at
Will, while insuring safety and
volume to our money, no long
CT impose upon the Givernment
| the necessity of maintaining so
! large a gold reserve. with its attendant
and inevitable temptations to specula-
| tion. Most of our financial laws are
| the Outgrowth of experience and trial.
and should not be amended without in
/ VestigatiOn and demonstration of the
wisdom of the proposed changes. We
/ must be both sure we are right and
make haste slowly
| IF, therefore Congress in its wis
dom shall deem ii expedient to create
d commission to take under early con-
/ sideration the revision Of our coinage.
banking and currency laws, and give
/ them that exhaustive, careful and dis
passionate examination that the i'm
J portance demands. l shall cordially
! concur in such action. If such power is
vested in the President, it is my pur-
! pose TO appoint "a commission of prom
inent, well-informed citizens of diff
! ferent parties, who will command pub
lie confidence both on account of their
ability and special fitness for the work.
! business experience and public train
ing may thus be combined, and the
patriotic zeal of the friends of the
/ country be so directed that such a re-
port will be made as to receive the
support of all parties and our finances
cease to be the subject of mere parti-
| san contention. The experiment is, at
| all events, worth a trial, and in my
opinion it can prove beneficial to the
entire country.
INTERNATIONAL BIMETALLISM.
| The question OF international BIZ