The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1897-03-11

leans Abroad-wants Tariff Revised.
WASHINGTON, March 5.-President
Inaugural address was as
FELLOW CITIzENs--In obedience to the
will of the people in thNr presence, by |
the authority vested In me by this oath, l
assume the arduous and responsible duties
of president of the United States, relying |
on the support of my countrymen anu IN
yoking the guidance of Almighty God. |
Our faith teaches that there Is no safer re- |
lance than upon the God OF our fathers, |
who has so singularly favored the Amer
lean people in every national trial, ana
who will not forsake us so long as we
obey his commandments and walk Ill his
footsteps.
The responsibilities of the high trust TO
which have been called-always OF grave
importance-are augmented by the pre-
vailing business conditions entaillng idle,
ness upon willing labor and loss to useful
enterprises. The country Is suffering
from Industrial disturbances from which
specdy relief must be had. Our financial
system needs some revision; our money
is all good now, but its value must not
further bo threatened. IL should all De
put upon an enduring basis not subject to
easy attack, nor its stability TO doubt or
dispute. Our currency should continue
under the supervision of the government.
The several forms of our paper money
offer, in my Judgment, constant en-
barrassmont TO the government ana sate
balance in the treasury. Therefore be-
lieye IL necessary to devise system which,
without diminishing the circulating me-
dium, or Offering n premium for its con-
traction, will put a remedy for those ar
rangements which, temporary in their
nature, might well in the years of our
lignlupp1
provisions. With adequate revenue SCI
cured 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 longer impose upon the
government the necessity of maintaining
so large n gold reserve with its at
tendant and inevitable temptations to
speculation Most of our financial laws
are the outgrowth of experience and trial,
and should not be amended without fur
ther investigation and demonstration OF
wisdom of the proposed changes. We
must be both "suro we are right and
''make haste slowly If, therefore,
congress in its wisdom shall deem 1t eXpe-
dent to create n commission to take un-
der early consideration the revision of our
coinage, banking and currency laws, ana
give them that exhaustive, careful and
dispassionate examination that their inn
portance demands shall cordially con.
chr in such action. If such power is
vested in the president 1t is my purpose
to appoint a commission of prominent,
well informed citizens of different parties
who will command public confidence both
on account of their ability and special fit
ness for the work. Business experience
and public training may thus be COM
bined and the patriotic zeal of the friends
of the country be so directed that such q
report will be made to receive the sup
port of all parties and our finances cease
10 No hn n
tention. The experiment is, at all events
worth trial and, in my opinion, 1t car
but prove beneficial to the entire country
International Bimetallism.
The question of international bimetal
lism will have early and earnest atten
ton. 1t will be my constant endeavor Il
secure it by cooperation with the othel
great commercial powers of the world
Until that condition is realized when thC
parity between our gold and silver money
springs from and is supported by tht
relative value of the two metals, th(
value Of the silver already coined and o
that which may hereafter be coined mus
| be kept constantly at par with gold by
every resource at our command. The
credit of the government, the integrity Of
| its currency and the inviolabiliUy of it
obligations must be preserved. This wa!
the commanding verdict of the people anC
| 1t will not be unheeded.
| Economy is demanded in every brancl
of the government at all times, but espe
| cially In periods like the present of de
preston in business and distress among
| the people. The severest economy must
| be observed in all public expenditures, ,anC
extravagance stopped wherever it /:
found, and prevented wherever in the fu
ture it may be developed. If the revenues
are to remain as now, the only relief tina
can come must be from decreased expend
itures. But the present must not becom,
the permanent condition of the govern
ment. 1t has been our uniform practic,
to retire, not increase our outstanding
obligations and this policy must again b
resumed and vigorously enforced. Gu
revenues should always be large enough
to meet with ease and promptness no
only our current needs and the prlncipa
and interest of the public debt, but t.
make proper and liberal provision for tina
most deserving body of public creditors
the soldiers and sailors and the widow
and orphans who are the pensioners o
the United States.
The government should not be per
mitted to run behind, or increase its debt
in times like the present. Suitably t
provide against this is the mandate O
duty; the certain and easy remedy 70
most of our financial difficulties. A def
cicncy is inevitable SO long as the eX
penditures of the government exceed II
receipts. 1t can only be met by loans an
increased revenues. While large annua
surplus of revenue may invite waste an
extravaganza, inadequate revenue create
distrust and undermine public and pr
vate confidence. Neither should be Ell
couraged. Between more loans and NOR
revenue there ought to be but one opinion
We should have more revenue, and tina
without delay, hindrance or postpone
ment. A surplus in the treasury, create
by loan, is not q permanent or safe rel
ance 1t will suffice while 1t lasts, but
cannot last long while the outlays of tn
e government are greater than its receipt
as has been the case during the past tw
. years. Nor must it be forgotten tina
however much such loans may tempo
; arily relieve the situation, the goyernmer
is still indebted for the amount of the SUI
plus thus accrued, which it must ult
B mately pay, while its ability to pay is nC
0 strengthened but weakened by n continr
O Gus deficit. Loans are imperative in grea
emergencies to preserve The goyerl-mer
or credit, but n failure to supply needle
S revenue in time of peace for the maint,
n nance of either has no Justification.
a Should Pay as You Go.
n The best way for the government [
n maintain its credit is to pay as it goes
n not by resorting to loans, but by keepin
n out of debt-through an adequate incom
n secured by system of taxation, externG
: or internal, or both. 1t Is the settled polio
! of the government pursued from the b,
IS ginning and practiced by all parties an
& administrations to raise the bulk of on
revenue from taxes upon foreign produC
tions entering the United States for sal
and consumption, and avoiding for th
most part every form OF direct taxation
except in time of war. The country
} clearly opposed to any needless addition
to the subjects of internal taxation, and /