Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-03-04
M'KINLEY'S ADDRESS
On Assuming The Ollc3 OF President
Of The UCittd States.
OUR CoUNTRY's NEEDS DISCUSSED.



! wing is the inaugural address by
President Mckinley:
Fellow Citaen,-In obedieuoe t.
the will OF the people and In their pres
ence by the authority vested in me by
this oath, 1 assume the arduous and
responsible duties Of the President OF
the United States. relying on the sup
port Of my countrymen and Invoking
the guidance OF the Almighty God.
Our faith teaches that there is no saler
reliance than upon the God Of ouE
fathers, who has 80 singularly favored
the American people In every national
trial, and who Will not f5rsake us 30
long as we obey His commandments
and walk humbly In His footsteps.
DEPRESSED BUSINESS CONDITIONS,
The responsibilities to the high
trust to which have been called, al
why's OF grave importance, are aug
monted by the prevailing business
conditions, entsiling iileness upon
willing labor and loss to useful enter
p.isea. The country In suffering from
industrial disturbances from which
speedy relief must be had. Orr hnRn-
cial ~ stem needs come revision. Our
money ie all good now but lite value
must not further be threatened. II
should all be put on an enduring basic,
not subject 10 easy attack, nor Its
stability - doubt or diBpute. Onr
currency should continue under the
supervision OF the government. 1ho
several forms ofOur paper money oHer,
In my Judgment, constant EN-
barraesment to the government anu
eafe balOuCe Ia the treasury. There
fore believe it necessary 70 device
system, without Dominating the cir
cuialiug meIium or Offering prem.
ium for itH contraction, which VIII
present a remedy for these arrange
ments when, temporary in thelt
nature, might well in the years OF tut
prosperity, nave been displaced by
wieer provlsions. With adequate
revenue injured, but not un-
III Their, can we enter upon ouch
changes in our financial laws that VIII,
while insuring safety and volume TO
our money, no longer impose upon
the government the necessity OF main
=
attendant and inevitable temptations
to SPECULATION. Most Of our financial
laws are tho outgrOwth OF experience
and trial, and should not be- amended
without investigation aud demonstra.
tiOn OF the wisdom Of the proposed
changes. We must be both cure We
are night, Rud SNAKE haste slowly"
II therefore, Congrees in its wisdom,
shall deem IL expsdient to o4ests Com
mission to take under carly oonsiuera-
ton the revision OF our coinage, bank
ing ana currency laws, and give them
that exhaustive, careful and dispas-
sionate examination that the import
ance demands, shall cordially
concur in such action. III such power
In vested in the President, is is my
purpose to appoint n commission OF
prominent, well informed citizsns OF
different parties who will command
public confidence both on account of
their ability and special fitness for the
work. Business experience and public
training may thus be combinel and
the patriotic zsRi Of the friends Of the
country be 80 directed that such a
report will BIO made as to receive the
support Of all parliSs ana our finances
cease to be the subject OF mere partisan
contention. The experience Is, ut Mi
events, worth trial, and IN my
opinion, 1t can but prove beneficial 10
the entire country.
INTERNATIONAL BIMETALLIsM.
The question OF International BIZ
metnllism Will have early anu earnest
attention. 1t will be my constant
endeavOr to secure 1t by cooperation
with the other great commercial
powers OF the world. Until that
condition ia realized when the parity
between cur goid and silver money
springs from 1t and IL supported by
the relative value OF the two metals,
the value Of silver already coined,
and OF that which hereafter may be-
coined, must be Kept constantly 81 par
with gold by every resource at our
command.
The credit OF the govern ment, the
integrity Of It's currency, anu the In
violRbilitY OF its obligations must be
preserved. lhis was the commanding
verdict OF the people and 1t shall not
be Undecided.
ECONOMY NECESSARY.
Economy .s demanded in every
branch Oi the government az all times,
but especially In periods like the
pTeeent depression OF business and
Distress among the people. Tue
severest economy must be observed
In oil public expenditures aud extra
Taganoe stopped wherever 1t Ia found,
and prevented wherever In the future
IT may be developed. II the revenues
are to remain All now, the only relief
thai can come must be iTem decreased
expenditures. But tho present must
not become the permanent condition
OF the government. 1t has been our
uniform practice to retire, not Increase
cur outsts nding obligations, aud this
policy must be again resumed and
vigorously enforced. Oar revenues
should always be large enc u Oh To m At
with ease anu prJmpLness not only ouf
current needs ana the principal nnd
interest Of the pubic debt, but TO
make proper and liberal provisions
5or that most deserving body o puDiic
creditors, the soldiers anu sailoIs, anu
the widows and orphans who are the
pensioners OF the United States.
The government should net be
permitted 20 run behin1 or increase
It's debt in times like tho present.
Suitably to provide against business
depression 10 the mandate OF duty, "a
certain and easy remedy for mgsi Of
cur financial difficulties. a dctiolenty