Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1897-03-11
PRESIDENT M'KINLEY'S
INAUGURAL ADDRESS.

= \ Al ~ w
;ssssss. 81 ;:ssssss ss!!ss
Elbow Citizens: In obedience to
I'D ~ the will Of the people and in their
presence, by authority vested in me
Il eY this oath, assume the arduous and re-
y onsible duties of President Of the United
fAtes, relying on the support of my coun-
Ntxymen and invoking the guidance of Al
mighty God. Our faith teaches that there
d = no safer reliance than upon the God OF
Cur fathers, who has so singularly favor
/ ~ the American people in every national
\ trial and who will not forsake US SO long
q - Ne obey his commandments and walk
1, Anmbly Ia his footsteps.
The responsibilities of the high trust to
which have been called-always of
tf1ye importance-are augmented by the
& prevailing business conditions, entailing
q kdleness upon willing labor and loss to use
4 4ul enterprises. The country is suffering
4 from Industrial disturbances from which
speedy relief must be had. Our financial
( system needs some revision; our money
- afl good now, but its value must not
/; further be threatened. 1t should all be
\ put upon an enduring basis, not subject
Il 10 easy attack, nor it's stability to doubt or
y dispute. Our currency should continue
d nnder the supervision Of the Government.
TIE several forms of our paper money
l03af, in my. judgment, constant embar-
h fnssment to the Government and safe
balance in the treasury. Therefore, be-
slieye It necessary to devise system
which, without diminishing the circulat
NJ medium or offering q premium for its
eomnactiOn, will present q remedy for
y th0oe arrangements, which, temporary in
i their nature, might well in the years of
euf prosperity have been displaced by
Wiser proviaions
With adequate revenue secured, but not
suntu then, can we enter upon such
4 eAanges IN our fiscal laws as will, while
4 A1urinS safety and volume to our money,
80 longer impose upon the Government
Sths necessity Of maintaining 30 large .
sDDld reserve, with ito attendant and in
i 0yitAbls temptations to speculation. Most
NJ oar financial laws are the outgrowth of
s1pefience and trial and should not be
Esanended without investigation and dem
eaetxat1On Of the wisdom Of the proposed
changes. We must be both sure We are
M91gAt and make haste slowly"
!s IL therefore, Congress in its wisdom
4 aAAl deem Il expedient to create COM
nisaion to take under early consideration
stha reviaion Of our coinage, banking and
4 2Nffency laws, and give them that ex-
4ns9fve, careful and dispassionats exam
II 1nf3on that their Importance demands, /
aygllan cordially concur in such action. II
nIch power 10 vested in the President, it
IT, ny purpose to appoint commission of
q 4gominent, well-informed citizens OF diff
srAk 10
y ee06dence, both on account of their ability
~ special stness for the work. Business
i oKpefi9nce and public training may thus
- combined, and the patriotic zeal of the
& 0Ionds Of the country be 80 directed that
ench I report will be made a. to receive
he support of all parties and our finances
coass to be the subject OF mere partisan
\ Sontention. The experiment is, at all
q events, worth 4 trial, and, in my opinion,
u can but prove beneficial to the entire
antry.
n International Bimetallism.
The question of International bimetal-
4 Aem will have early and earnest attention.
1t win be my constant endeavor to secure
\ II ~ cooperation with the other great
eonmercial powers of the world Until
that condition is realized when the parity
4 between our gold and silver money springs
1 from and Is supported by the relative
i value OF the two metals, the value Of the
silver already coined and Of that which
[ may hereafter be coined must be kept
I e0nstantly at par with gold by every re-
Il source ut orr command. The credit of the
u 0Overnment, the integrity Of its currency
\ md the inviolability of its obligations
must b. preserved. This was the COM
4 handing verdict Of the people and 1t will
not BE- UNDECIDED.
ECONOMY il demanded in every branch
sScf the Government at all times, but espe-
cially IN periods like the present depres-
n MON Of business and distress among the
4 people. The severest economy must be
observed In all public expenditures, and
4 extravagance stopped wherever it il found
4 An1 prevented wherever in the future it
nay be developed. II the revenues are to
& remAin ~ now, the only relief that can
come must be from decreased expendi-
tures. But the present must not become
the permanent condition of the Govern
ment. Il has been our uniform practice
4 a retire, not increase, our outstanding
obligations, and this policy must again be
avenues should always be large enough
only our current needs and the principal
md interest Of the public debt, but to
4 aake proper and liberal provision for that
\ noat deserving body of public creditors,
- soldiers and sailors, and the widows
and orphans who are the pensioners of the
& United States.
The Government should not be per-
& mitted TO run behind, or increase its debt,
! 81 times like the present. Suitably u pro-
4 vide against this 10 the mandate of duty:
4 the certain and easy remedy for most Of
our financial difficulties. A deficiency is
& Inevitable 30 long as the expenditures Of
I thA Government exceed its receipts. 1t
+ cAn only be met by loans, or an increased
revenue While large annual surplus
d revenue may invite waste and extrava-
s8ance, inadequate revenue creates dis
Y trust, and undermines public and private
4 Gredit. Neither should be encoura ged.
Il Between more loans and more revenue,