People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1897-03-12
New President Outlines the Pol
icy He Will Pursue During
the Next Four Years.
rs IN FAVOR OF HIGH TARIFF LAW
Prescribes Protection as the
Cure For the Financial Ills
of the United States.
WILL ENFORCE ANTITRUST LAWS

Treaty Be Ratihed-CaIIs an Extra ses-
sion of Congress For March 15-Will
Not Interfere With the Affairs of For
eign Nations.
After being sworn in by Chief Justice
Fuller, President Mckinley delivered
his inaugural address. He said:
''Fellow Citizens: In obedience to
the will of the people and in their pres
ence, by, the authority vested III me by
this oath, assume the arduous and re-
sponsible duties of president OF the
United States, relying upon the support
of my countrymen and invoking the
guidance of Almighty God. Our faith
teaches that there is no safer 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 as we obey
His commands and walk humbly in His
footsteps.
''The responsibilities of the high trust
to which have been called-always Of
the prevailing business conditions, eu-
failing idleness upon willing labor and
loss to useful enterprises The country
is suffering from industrial disturb
ances 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 threat
ened. 1t should ali be put upon an en-
during basis, not subject to easy attack,
nor its stability to doubt or dispute. Our
currency should continue under the SUI
pervision of the government.
For Coinage Commission.
.'Most of our financial laws are the
outgrowth of experience and trial and
should not be amended without investi-
CATION 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
wisdom shall deem it expedlent to create
a commission to take under early con-
gideration and revision of our coinage,
banking and currency laws, and give
them that exhaustive, careful and dis
passionate examination that their i'm
portance demands, 1 shall cordially con-
cur in such action. If such power is
vested in the president, it is my purpose
to appoint a commission of prominent,
we'll informed citizens of different par
ties, who will command public conf
dence both ON account of their ability
and special fitness for the work
''The question of International bimet-
allism will have early and earnest at
tention. Il will be my constant en-
deavor to secure il by CO. operation with
tha other great commercial powers of
the world Until that condition is re-
aiizsd, 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 al
ready coined aud of that which may
hereafter be coined, must be kept con.
Atantly at par with gold by every re-
source at our eommand, The credit of
the government, the integrity of its cur,
reney and the invielability of its obliga,
tiens must be preserved, This was the
commanding verdict OF the people and
IL will not be unheeded
tgssna.ny Must lie Observed,
ECONOMY is demanded iii every
branch Of the government at all times,
but especially ia periods like the present
of depression iii business and distress
among the people. The seyeIest econ
emy must DO observed iii all public eAa
nendituFes aud eAtiavaganee6 stopped
wherever found aud prevented Whers
ever III the future IL may be developed
IF the revenues are TO reniaiA as now,
the only relief that eau come must be
from decreased expenditure But the
present must not become the permanent
condition of the government II has
been our uniform practice 30 retire. not
increase, our outstanding obligations,
and this policy must again be resumed
and vigorously enforced,
''1'he government should not be per-
mitted 30 run behind, or increase it's
debt. in times like the present. Suitably
TO provide against this is the mandate
Of duty; the certain and easy remedy
for most of our financial difficulties
More Revenue Es Needed.
between more loans aud more reve-
nue.. there ought to be but one opinion.
We should have more revenue, and that
without delay. hinderance On postpone
ment. A surplus in the IL @esury created
by loans is not permanent nor safe re-
lance. 1t will suffice while it lasts, but
cannot last long while the outlays of
the government are greater than its re-
ceipts, as has been the case during the
past two years. Nor must it be forgotten
that however much such loans Temporal
rily relieve the situation, the govern
ment is still indebted for the amount Of
the surplus thus accrued, which it must
ultimately pay, while its ability to pay
is not strengthened, but weakened by q
continued deficit. Loans are impera-
tive in great emergencies to preserve
the government or its credit, but a fail
ure to supply needed revenue i'll time of
peace for the maintenance of either has
no Justification
1.-THE best way for the government to
maintain its credit is to pay as it goes
not by resorting to loans, but by keeping
out of debt-through an adequate in
come secured by a system of taxation,
external or internal or both. It is the
settled policy Of the government. pur-
sued from the beginning and practiced
by all parties and administrations, to
raise the bulk of our revenue from taxes
upon foreign productions entering the
United States for sale and consumption
and avoiding for the most part every
form Of direct taxation except in time OF
war.
1.-The country is clearly opposed tc
needless additions to the subjects OF IN
ternal taxation and is committed by Its
latest popular utJerance to the system
of tariff taxation. There can be ne
misunderstanding either, about the
principle upon which this tariff taxation
shall be levied. Nothing has ever been
made palmer at a general election than
that the controlling principle in tht
raising of revenue from duties on i'm
ports is a jealous care for American in
terests and American labor.
says People Want Protection.
''The people have declared that such
legislation shall be had as will give am
pie protection and encouragement tc
the industries and to the development
of our country 1t is, therefore earn
estly hoped and expected that congress
will, at the earliest practicable moment
enact revenue legislation that shall be
fair, reasonable, conservative and Just
and which, while supplying sufficient
revenue for public purposes, will still b'