The daily morning journal and courier., 1901-03-05
THE INAUGURAL ADDRESS
THE PREsID ENT SOUNDS WARNING
 AGAINST EXTRAYAGANCE.

6 LNot 4t<a fN fl d d NC
 Unprecedented Growth of American
 Products and the Necessity of Broad
 entDg tho Foreign MarBsets-spnntsh h
 War and It's Obligations.-Promis to
 Cuba Renewed-Defense of the Con
 stitution-The Spread of Freedom by
 Americans s-Philippine Disorders Must
 be elf-Government for
 Fliptnos as Soon as They Are Read y
 for II.
 Washington, March 4.--The inaugu- ral address of President Mckinley fol- lows in full:
 Fellow Citizens: When we assem- bled here on the 4th of March, 1897, there was great anxiety with regard to our currency and credit. None eX- ists now. Then our treasury receipts were Inadequate to meet current obl.- gations of the government. Now they
 
 we have a surplus instead of deIiciS. Then l felt constrained 10 convene the congress in extraordinary session to de- wise revenues to pay tine ordinary ex- pense of the government. Now I have the satisfaction to announce that the congress Just closed has reduced taxa- ton In the sum of forty-one millions of dollars. Then there was deep solici- tude because of the long depression in our manufacturing, mining. agriouitur- al and mercantile industries, and the consequent distress of our lahoriiig population. Now every revenue of pro- duction is crowded with activity, labor Is well employed, and American pro- ducts find good markets at home and abroad
 Growth of American prodHaofs.
 Our diversified productions, however, are increasing in such unprecedented volume as to adnonish Us of the neces- sity of stl! further broadening our for egn markets. For this purpose reel procal trade arrangements with other nations should in liberal spirit be care fully cultivated end promoted
 Carrying Out of Nailonat Verdict.
 The national verdict Of 1896 has for the most part been executed. What ever remains unfulflled Is continual obligation resting with undiminished force upon the executive and the con- gress But fortunate as our condition Is, its permsnence can only be assured by sound business methods and strict economy in national administration an legislation. We should not permit our great prosperity to2lead us to reckless ventures in business or profligacy in public expenditures. While the con- gress determines the objects and the sum of appropriations, the officials of the executive departments are respon- sible for honest and faithful disburse- ments, and it should be their constant care to avoid waste and eXtravagance.
 Honesty, capacity and industry are more indispensable than in public employment. These should be requisites to original ap- pointment and the surest guaranties against removal.
 Spanish War and It's Obligations.
 Four years ago we stood on the brink of war without the people knowing it and without any preparation or effort at preparation for the impending peril. I did all that in honor could be done to avert the war, but without avail It became inevitable; and the congress at it's first regular session, without party division, provided money in anticipa- ton of the crisis and in preparation to meet it. It came. The result was sig nally favorable to American arms and in the highest degree honorable to the It imposed upon us obli- cations from which we cannot escape and from which it would be dishonora- ble to seek to escape. We are now at l neace with the world and it is my fer vent prayer that if differences arise be- tween us and other powers they may | be settled by peaceful arbitration, and | that hereafter we may be spared the | horrors of war.
 The Defense of the Constitution.
 Entrusted by the people for second time with the office of president I enter lpon it's administration appreciating he great responsibilities which attach 70 this renewed honor and commission, promising unreserved devotion on my part to their faithful discharge and i 'everently invoking for my guidance he direction and favor of Almighty. Sod. I should shrink from the duties his day assumed if I did not feel that II their performance I should have the of the wise and patriotic nen of all parties. It encourages me Or the great task which I now under ake to believe that those who volun- arily committed to me the trust im- posed upon the chief executive of the 'epublic will give to me generous SUD- port in my duties to "preserve, protect md defend the constitution of the Uni ed States" and to "care that the laws ,e faithfully executed" The national Is indicated through a nation u election It Is the constitutional method of ascertaining the public will. When once it is registered it is law 0 us all and faithful observance hould follow it's decrees.
 6ecttonnIlsn, Has Disappeared.
 Strong hearts and helpful hands are eeded, and fortunately we have them Il every part of our beloved country. ve are reunited. Sectlonalis,n has isappeared. Division on public oues- ions can no longer be traced by the -ar maps of 1881. Those old differ nces less and less disturb the judg- lent. Existing problems demand the