The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-03-10

DSICtt In the ATSSsCIS SAusL &c ~ "A>.>N--
IfErpsnses Are Not Decreased Receipts
Must be Enla-geG-MonetaEy Commission
suseested-Lyrch;ngs Condemned.
WASHINGTON, March The follow
ing is the full tex: OF President Nc
kinley's inaugural address:
Fellow citizens: In ooedience to the
will Of the people and in their presence
by the authority vested II me oy snls
oath, l assume the arduouS anc re-
sponsible duties OF President OF the
United Ststes, relying on the support
OF nv courtrymen and invoking the
guidance OF Almighty God. Oar
faith teaches that there is no safer re
lance than upon the God OF our faith
ers, who has so Singularly favored the
American people in every national
trisl and who will not forSake Us 50
long ss we obey His commandments
and walk humbly in his footsteps.
The RESPONSIBILITIES Of the nigh trust
to which I have been called-always
of grave importsnce-are augmented
by the prevailing business conditions,
entailing idleness upon willing LABOR
and loss to useful enterprises. The
country is suffering from inoustr!a:
disturbances from which speedy rel1ef
must be had. Our financial system
needs some revision. OR money IS
all good now, but It's value must not
be further theeatened. Il should ali
be put upon sn enduring basis, not
subject to easy attacl nor It's staolllty
to doubt OR dispute.
Our currency should continue IN
der the supervision OF the govern
ment- The several forms Of our paper
money offer, IN my Judgment, 5 con-
slant embarrassment 10 tue govern
ment and safe balance IN the treasury
Therefore, I believe it necessary to de-
wise asystem which, without diminish
ing the circulating medium, or otter
ing a premium for its contraction,
will present remedy for those ar
rangements which, temporary 10 their
nature, might well in the years OF our
prosperity have been displaced BY Wis
er provisions. With adequate reve-
nue. secured, but no. until then, we
can enter upon such changes N our
fiscal laws as will, while ensuring
safety and volume to our money, no
longer impose upon the government
the necessity Of maintaining so large
gold reserve, with its attendant ana
inevitable temptations to speculatlon.
Most of our fnancials laws are the
outgrowth of experience and trial ana
should not be amended without inves-
tigation, and demonstration OF the
wisdom CT the proposed charges. We
must be both sure We are right ana
ssmake haste slowly" II, therefore,
Congress IN its wisdom shall deem Il
expedieut to create commission to
take under early consideration the re.
vision of our coinage, banking ana
currency laws and give them that eX'
haustive, careful and Gispassionate ex-
animation, that their importance de-
nands, I shall cordially concur n
such action. If such power IS vested
in the President it is NY purpose 10
sppoint commission OF prominent,
wen.informe6 citizens OF different
parties who viii command public con
fdence both on account Of their abili-
ty and special fitness for the work.
Business experience and public tram
ing may thus be combined and the pa
~trioSc zeai Of the friends OF the coun-
try be 50 directed that such q report
be made as to receive the support OF
all parties and our finances cease TO De
the subject of mere partisan conten-
ton. The experiments, at all events,
woeth 3 trial and, in my opinion, II
can but prove beneficial to the entire
country.
The question ofinternational binet'
allism will have early and earnest
attention. It will be my constant en- :
6eayor to secure it by cooperation
with the other great commercial pow
ers of the world. Until that con-
dition is resGzed when the parity
between our gold and silver money
springs from and is supported by the
relstive value Of the two metals, the
value Of the silver already coined anG
that which may hereafter be coined
must be kept constantly at par with
cold bv every resource at our COM
mand. The credit OF the government,
the integrity OF its currency aud the
inviolability Of its obligation must be
preserved. This was the common
verdict OF the people and it viii not be
unheedsd
Economy is demanded in every
branch Of the government at all tunes,
but especially in periods like the pres
ent of depression in business and dis
tress among the people. The se7erest
economy must be observed IN all puo-
lie expenditures and extravaganza
stopped wherever it is found and pre-
vented wherever in the future It may
be developed. II tbs revenues are to
remain as now, the only relief that
can come must be from decreased ex-
penditures. But the present must not
become the permanent condition Of the
government. It has been our uniform
practice to retire, not increase, our
outstanding obligations, and this poll
cy must again be resumed and vlgor-
ously enforced. Oar revenues should
always be large enough to meet with
SSSS SAN 44Os NY 49, v ~
rent needs but the principal and inter
est of the public debt, but to make
proper and liberal provisions for tha.
most deserving body OF public credi-
tors, the soldiers and sailors and the
widows ard orphans who are the pen
sioners of the United States.
The government should not be per
mitted to run behind or increase its
debt in times like the present. Suita-
bly, to provide against this is a man,
date duty. There is certain and
easy remedy for most OF our Il
nancial difficulties. 4 deficiency IS
inevitable so long as the expenditures
of the government exceed its receipts.
It can only be met by loans or an IN
creased revenue. W large an
nual surplus OF revenae may invite
waste and extravaganza, inadequate