The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-03-05
M,KINLEY,s ADDRESS.
Currency Question is the Burden of
His Theme.

Fellow Citizens: Ir obedience to
the will of the PEOPLE and in their
presence. by the authority vested
in me by this oath. / assume the
arduous and responsible duties of
president of the United States. rely
ing on the support of my country
men 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 Amer
lean people in every national trial.
and who will mot forsake us so long
as we obey his commandments and
walk humbly in his footsteps.
BUSINESS CONDITIONS.
The responsibilities of the high
trust to which 1 have been called
always of grave importance-are
augmented by the prevailing bust
ness conditions, entailing idleness
upon willing labor and loss to use
full enterprises The country is suf-
fering from industrial disturbances
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
he nllT on an DdSlSs liOl
subject to easy attack nor it's sta
bility to doubt or dispute. Our cur
rencv should continue under the
supervision of the government. The
several forms of our paper money,
offer. in my Judgment, a constant
embarrassment to the government
and a safe balance in the treasury.
Therefore I believe it necessary to
devise a system which, without di-
minishing the circulating medium.
or offering a premium for its con-
traction. will present a remedy for
those arrangements which. tempo
rary in their nature, might well in
the years of our prosperity have
been displaced by wiser provisions.
ADEQUATE REVENUE.
With adequate revenue secured,
but not until then, we can enter
upon such changes in our fiscal
laws as will, while insuring safety
and volume to our money, no lon
ger impose upon the goverrmen
the necessity of maintaining so
large a gold reserve, with it's at
tendant and inevitable temptations
to speculation. Most of our financial
laws are the outgrowth of expert
ence 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
make haste slowly" If, therefore,
congress in it's wisdom shall deem it
expedient to create a commission
to take under consideration the re-
vision of our coinage, banking and
currency laws, and give them that
exhaustive. careful and dispassion-
ate examination that their impor-
lance demands / 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, well-informed citizens
of different parties, who win COM
mand public confidence, both on ac-
count of their ability and special
fitness for the work. Business ex-
perience and public training may
thus be combined, and the patriotic
zeal of the friends of the country
be so directed that such a report
will be made as TO receive the sup
port of al parties. and our finances
cease TO be the subject of mere
partisan contention The expert
ment is. at all events, worth a trial.
and in my opinion it can but prove
Denencial 10 int Siitile Coulitiy-
INTERNATIONAL BIMETAL-
LISM.
The question of international BIZ
metallism will have early and ear
nest attention. 1t will he my con-
slant cndeavor to Secure it by CO.
operation with the other great
powers of the world. Until that
condition Is realized. 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 and Of that which