The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1897-03-09
INAUGURATION OF PRESIDENT MCKINLEY.
AN IDEAL DAY FOR THE oooA-
SION.

AN IDEAL DAY FOR THE oCCA
| SION.
An Exhaustive Statement of His View
In the Inaugural Address-Th,
Fourth President from Ohio.
The inauguration of President Vim
Mckinley, of Ohio, was very largel,
attended from all parts OF the United
States, and the ceremonies were Inn
pressive and beautiful that marked his
elevation to the highest office within
the gift of the American people. He
is the fourth President from the Buck.
eye State, and VIM. Henry Harrison,
OF North Bend, o., was the first, with
rutherford b. Hayes and James A.
Garfield as the others. Gen. Grant
was q native of Ohio, but his legal
! residence at the time of his inaugura-
| tion was Galena, Ill.
Ex-President Cleveland was able to
take part In the Inauguration of his
successor, although he had been suf-
fering for several days with rheumatic
gout. He left Immediately after the
public ceremonies on duck hunt in
the waters OF North Carolina, using a
govornm"T' '.'.nspor. i : 4 /. reach-
ed Portsmouth, Va.
The following Is the main portion OF
the inaugural address Of President
Mckinley:
FELLOW CITIZENS In obedience to
the will Of the people and In their pres
cnce, by the authority vested in me by
this oath, L assume the arduous and re-
sponsible duties Of president of the Uni
ted States, relying upon the support Of
my countrymen and invoking the guild
ance of Almighty God. Our faith
teaches that there is no safer reliance
than 6p0h 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 commands and walk humbly in his
footsteps.
The responsibilities of the high trust
to which l have been called-always of
grave importance-are augmented by
the prevailing business conditions, en-
failing idleness upon willing labor and
great loss to useful enterprises. The
country Is suffering from Industrial dis
turbances 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
upon an enduring basis, not subject to
easy attack, nor its stability to doubt
or dispute. Our currency should con-
tinue under supervision Of the govern
ment. The several forms of our paper
money offer, in my Judgment, q con-
slant embarrassment to the govern.
ment and safe balance in the treasury.
Therefore, l believe it necessary to do
wise system which, without dimin-
ishing the circulating medium, or offer
ing premium for its contraction, will
present "a remedy for these arrange
ments, which, temporary in their ma
ture, might we'll in the years of our
prosperity have been displaced by
wiser provisions. With adequate re-
venue secured, but not until then, we
can enter upon such changes in our
fiscal laws as will, while insuring safe
ty and volume to our money, no longer
impose upon the government the ne.
cessity of maintaining 40 large a gold
reserve, with its attendant and newt
able temptations to speculation.
INTERNATIONAL BIMETALLIsM.
Most of our financial laws are the
outgrowth Of experience and trial and
should not be amended without investi-
cation and demonstration of the wis
dom OF the proposed changes. We must
be both sure we are right" and "make
haste slowly" If, therefore, congress
in it's wisdom shall deem IL expedient
to create commission to take under
early consideration and vision Of our
coinage, bankin' and currency laws,
and give them that exhaustive, careful
and dispassioEate examination that
their Importance demands, I shall
| cordially concur in such action. If
such power is vested in tho presi-
n lie, 20. TT,
| mission OF prominent, well-infOrmed
citizens Of different parties, who will
command public confidence both on ac-
count 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 subject OF mere partisan
contention. The experiment is, at all
events q trial, and in my opinion, it can
but prove beneficial to the entiro coun.
try.
The question Of international bimet.
alism will have early and earnest at
tention. 1t will be my constant en-
deavor TO secure 1t by cooperation with
the other great commercial powers oi
| VIZ VIZ 1o' ~ nun oudV SOuutVioh 10 ICdi'
lied when the parity between our gold
and silver money springs from and Ii
supported by the relative value of the
metals, the value of the silver already
coined and of that which may hereafter
be coined, must be kept constantly al
par with gold by every resources at oul
command. The credit of the govern
ment, the integrity of It's currency ant
the inviolability OF it's obligations mus
be preserved. This was the command
ing verdict of thepeople and twill no
be unheeded.
ECONOMY IS DEMANDED.
! Economy is demanded In ever,
branch OF the government at all times
but especially In periods like the pres
ent OF depression in business and dis
tress among the people. The severes
economy must be observed In all publ
expenditures and extravaganza stoppe,
= wherever found and prevented wher
: ever In the future 1t may he developed
III the revenues are to remain as now
the only relief that can come must b
from decreased Expenditures. But th
present must not become the permanen
condition OF the government. 1t ha
been ouf. uniform practice to retire, no
{. increase, our outstanding obligations
= and this policy must again be resume
Land vigoropslg enforced. Our revenue
{ should always be iarg geenough to NEE
with case and promptness not on " ou