Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1897-03-12
INAUGURAL ADDRESS D. R | J
q Delivered by President Mel inley
Upon Taking the Oath Of
5aa Office. M
Country Should Be Placed in q
Condition to Pay as It
/ Goes.
Monetary Commission to Fix
Upon q Financial Scheme
Favored.
Reciprocity Principle Should B.
Re-established- The For
.s. - eign Policy.

q 7*it E.t% CASA VAAOys a4. -.,.t
Following is the inaugural address
delivered by President Mckinley :: "a
Fellow Citizens: r[&' >1
In obedience to the will of the people
and in their presence, by the authority
vested in me by this oath, I assume tho
,arduous and responsible duties OF pres'
dent of the United States, relying on tho
support Of my countrymen and invoking
the guidance of Almighty God. Our
faith teaches that thereis 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
commandments and walk humbly in hls
footsteps
.ss Responsibilities Augmented.
The responsibilities of the high trust to
which have been called-always OF grave
importance-are augme nted by the pre-
vailing business conditions, entaiiing Idle
ness upon willing labor and loss to use, III
enterprises. The country is suffering from
industrial disturbances from which speedy
relief must be had. Our financial system
needs some revision; our money is all good
now, but it's value mnst not further be
threatened. 1t should all be put upon an
enduring basis, not subject to ~ attack.
nor it's stability to doubt or dispute. Our
currency should continue under the super
vision of the government. The several
forms of our paper money offer, in my
judgment, '...t. e...
A Constant Embarrassment
to the country and to safe balance in the
treasury. Therefore, l believe it necessary
to devise scheme which, without dimin'
fishing the circulating medium or Offering
g premium for its contrac ton, will pre-
sent q remedy for those arrangements,
which, temporary in their nature, might
well in the years of our prosperity been
displaced by wiser provisions. With the
adequate revenue secured, but not until
then. we can enter upon such changes in
our fiscal laws az will, while securing safe
" and volume to our money, no longer
impose upon the government the ne essi-
" Of maintaining 30 large gold reserve,
with its attendant and Inevitable tempta-
tions to speculation. e#s. ..0t. =
Would Approve . Commission. t
Most of our financial laws are the out
growth Of experience and trial, and should
not be amended without investigation,
and demonstration Of the wisdom OF the
proposed changes. We must be both sure
we are right, and snake haste slowly
If, therefore, congress in Its wisdom shall
deem it expedient to create commission
to take under early consideration the re-
visions of our coinage, banking and cur
rency laws, and give them that exhaust
i've, careful and dispassionate examination
that their Importance demands, shall
cordially concur in such action. II such
power is vested in the president, it Is my
purpose to appoint q commission OF prom
inent we'll informed citizens Of different
parties who ILL., = sssss,% T.
viii Com mand Public Confidence
both on account of their ability and spe-
cial fitness for the work. Business expe-
. rience and public training may thus be
combined, and the patriotic zeal OF the
frierds of the country be so directed that
such 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, worth the trial, and, In my opin'
ion, it can but prove beneficial to the en-
/. tire country. .a.s3 E. * y. ,. "
s% =%% international Btmeeal16m.
The question of international bimetal
1ism will have early and earnest atten
ton. It will be my constant endeavor to
secure 1t by co operafioh with the Other
i great commercial powers Of the world
Until that condition is realized, when the
y parity between our gold and silver money
4 springs from and is supported by the rel
alive value of the two metals, the value Of
the silver already coined, and Of that
which may hereafter be coined
4 must be kept constantly 81
\ par with gold ny every resource
Il It our command. The credit Of the gov
eminent, the integrity Of It's currency and
the inviolability of ito obligations must
be preserved. This was the commanding
verdict Of the people and it will not be un
Needed. sas
Eoonomy II demanded.
Economy il demanded in every branch
4 az the government at all times, but es
pecially in periods like the present de
preston of business and distress among
the people, the severest economy must
Ia observed In all public expenditures
and extravagance stopped wherever it Ii
\ found and prevented wherever in the fu
G1lT0 may w NOvOAOkS<Asl - WIG AOSOAAuCs
4 are to remain as now, the only relief that
. can come must be from de
creased expenditures. But the presen,
must not become the permanent
n sondi Aon Of the government II has beer
Il eur Uniform practice to retire, not in
4 ereas- our outstanding obligations, and
this policy must again be resumed and
y vigorously enforced. Our revenue should
always be large enough to meet with east
and 1romptness not only our current
ts.J;, and the principal and interest o.
3 public debt, but to make proper and
liberal provision for that most deserving
D body Of public creditors, the soldiers and
+ sailors, and the widows and orphans wht
Il are the pensioners Of the United States.
should Not Inc rease Its Debt.
The government should not be permit
ted to run behind or increase its debt II
4 times like the present. Suitably to pro
y vide against this Is the mandate OF duty
y che certain aud easy remedy for most q
aur financiai dificulties a deficiency 4
~ o. Long - ~ &. t ~
III