The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1897-03-13

A NEW PRESIDENT.
William Mckinley Assumes tie
Highest Office in tho Land.
Most 8:riiiiant Parade Ever Witnessed in
washing ton-Inau.;;:,-.. h.idrcss Ursos
Elianci,,i reform and Mere
Kcvenue-Tbe iiaH.
WAsuINGrov. Murch The capital
city never looked rFoa a!!ch perfect
parade rs that which escorted Pr>Si-
don't Mckinley fro4n t'o capitol 10 t!ie
white house and ;hcn la. sd in review
under his eve. The feature of the
splendid pageant was the perfect bal
ance between its contrasting parts and
the high order Of SILL ihat was shown
in the handling of the "a.Hoo or more
men that stepped along o. htstrode the
splendid steeds that danced and reared
their way in the parade.
There was no loag-drawn-out mass
ing of uniformly attired regular troops
or militia. pleasing enough to the mill
tarv eve, but wearisome To the specta-
tors who made mp the vast crowd.
Nor was there any preponderance of
widely separated civic organizations,
whose identity was scarcely distin-
guishable through the presence or alb
sence of high hat or different col
ored overcoat. Instead, the military
display was just large enough and
had just enough variety to give
the people pleasing oppor-
tunity to dwell upon the difference
between the three great arms of the
service, while as for the civic organiza-
tions, their leaders showed the neces-
sary ingenuity in the variety of their
costumes to make il delight to look
upon their closely drawn lines. Amid
the merry spectators hearty need of
applause and n reverential uncovering
of heads was called forth by the pas
sage of the limping and battle-scarred
veterans of the war, now few in num-
ber, but of sturdy heart.
The inaugural Address.
President Mckinley made his fealty
to the American people on the east ter
race of the capitol. He arose and un-
covered, while Chief Justice Fuller, in
his flowing robes, administered the
oath in the presence of the tremendous
multitude. The new president kissed
the large gilt-edged Bible presented
by the bishops of the African Meth
odist church, to seal his oath. daz-
cling and inspiring scene spread out
before him as he appeared on the steps
of the senate wing. A glorious south
ern spring sun blazed from blue sky,
an auspicious augury for his admins
tration Except for Mr.. Cleveland's
first inauguration in 1855, there has
been no such an ideal day for the mo-
mentous ceremony. President McKin-
ley said in part:
Fellow-Citizens: In obedience to the will
of the people and In their presence, by the
authority vested in me by this oath, ] as
sumo the aruuous and responsible duties
of president OF the United States relying
on the support OF my countrymen and in
voking the guidance OF Almighty Cod
The RESPONSIBILITIES of the high trust. to
which have been called-always OF grave i'm
portancc-are augmented by the prevailing
business conditions. entailng idlenesS on will
ing labor and loss to useful enterprises. The
country Is suffering fromindustrial disturbances
from which speedy relief must be had. Our
financial system needs some revision; our
money is all good now, but it's value must not
further he threatened. 1t should all be put on
an enduring basis not subject to easy attack
its stability 10 QOuDb or dispute our
currency should continua under the SUI
pervision c. the government. The sew
eral forms of our paper money Offer
in my Judgment constant embarassment to
the government and q safe balance in the treas
ury. Therefore believe it necessary to devise
a system which. without diminishingthe circu-
lating medium or Offering premium for its
contraction. win present remedy for those ar
ranRements which, temporary in their nature
might well in the years OF our prosperity have
been displaced by wiser provisions. With ade-
ouate 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, nc longer impose upon the govern
ment the necessity OF maintaining so large a
gold reserve. with its attendant and Inevitable
temptations TO speculation. II, therefore. con-
press in ITS wisdom shall deem it expedient to
create u commission to take under early con-
eideration the revision OF our coinage banking
Rnd currency laws and give them that exhaust
i've careful and dispassionate consideration
that their Importance demaDds, shan concur
in such action. If such power is vested in the
president. it is my purpose to appoint COM
mission OF prominent, well-informed citizens
,f different parties who viii command public
confidence both On account Of their ability ana
special fitness for the work.
For international Rinetaiiisa.
The question of international bimetallism
will have early and earnest attention. IL will
be my constant endeaVor to secure cooperation
with the other great commercial powers of the
world. Until that condition is realized when
the parity between our gold and silver money
is supported by the relative value of the two
metals the value OF the silver already
coined and of that which may herez
after be coined must be kept constant
ly at par with gold by every resource at our
command. The credit OF the government, the
integrity of it's currency and the invioability
OF its obligations must be preserved This was
the commanding verdict Of the people and it
will not be unheedcd.
Economy Must he Observed
Economy Is demanded In every branch of the
government ut all times. but especially in
periods like the present of depression in bnsi-
ness and distress among the people. The sever
est economy must be observed in all public ex-
penditures and extravaGance stopped wher-
ever it is and prevented wherever in the
future it may be developed. The government
should not be permitted to run behind or in
crease its debt in times like the present a de-
ficiency Is inevitable long as the expenditures
OF the government exceed its receipts. 1t can
only be met by loans an increased revenue
While a large annual surplus OF revenue may
invite waste and extravaganza, Inadequate
revenue creates distrust and undermines pub
lie and private credit Neither should be en-
couraged
Not la Favor of Loans.
The best way for the government to maintain
its credit is to pay as II goes-not by resortipg
TO loans, but by keeping out OF debt-throush
an adequate income secured by n system of tax
alton, external or internal, or both. II is the
settled policy of the government [, pursued from
the beginning, practiced by all parties ana ad-