Show INAUGURAL ADDRESS policies of the new ad administration min istra tiou outlined i law I kiil upon lite aie 4 for rind and nit 1111 e of devenne i alamin will IK vis Vigo policy Si special ecial sef look ion or of washington march 4 great interest was manifested in president me fc Kin leys inaugural address more so than is usually the case special interest alt attached ached to his remarks upon finance and foreign relations as Ind indicating cating the pol policy icy of the ills his rec on the tariff was anticipated as a matter oi of course president spoke as follows DEPRESSED DUSIN BUSINESS rSS conditions the responsibilities to the high trust to which I 1 have been called always of grave importance are augmented by the prevailing business conditions entailing adlene idleness s upon willing labor and loss to useful enterprises the country Is fr suffering from industrial disturbances from which speedy relief must be h had ad our f financial inanc lal system needs some reA revision sion our money Is all good now but its value must not further be threatened it should not all be put on an enduring basis not subject to easy attack nor its stab stability lIty to doubt or dispute our currency should continue under the supervision of the government forms of our paper money offer in my judgment a con stant slant embarrassment to the government and a safe balance in the treasury therefore I 1 believe it necessary to tode de v vise ise a system without diminishing the circulating medium for its contraction which will present a remedy for these arrangements which temporary in their nature might well in the years of our prosperity have been displaced by wiser provisions international bimetallism the question of international bimetal ism will nill have early and earnest attention it will be my constant endeavor to secure it by operation cooperation co with the great commercial powers of the world until that condition Is realized when the parity between our gold and silver money moncy ey springs from it and is supported by the relative value of the two metals the value of the silver already coined andoe and of that naich may hereafter be coined must be kept constantly at par with gold by every resource at our command the credit of the government the in oi df its currency and the inviolability of its obligations must be preserved this was the commanding verdict of the people and it shall not be unheeded ECONOMY NECESSARY economy is demanded in every branch of the government at all times but especially ally in periods like the present depression of business and distress among the people the severest economy must be observed in all public expenditures and extravagance stopped wherever it is found and prevented wherever in the future it may be developed it the revenues are to remain as now the only relief that can come must be from ed expenditures but the present must not be the permanent condition of the government it has been our uniform practice to retire not increase 0 our ur outstanding sl obligations and this policy must be again resumed and vigorously enforced between more loans and mare more revenue there ought to be but on opinion we should have ano more e revenue and that hat without delay hindrance or postponement HOW 10 MAINTAIN THE CREDIT the best way for the government to maintain its credit Is to pay as it goes not by resorting to loans hut but by keeping out of 0 debt through an adequate income secured by a system of taxation external or internal or both it is the settled policy of the government pursued from the beginning and practiced by all parties PA artles and to raise the bulk of revenue from taxes upon foreign products entering the united stater slates for sale and consumption and nV avoiding for the moat neof t part every form ot of direct taxation except in time oi of war the paramount duty of congress Is to stop deficiencies by the restoration of that protective legislation which has always been the firmest prop of the treasury the passage of such a law or laws would strengthen the credit of the government both at home and abroad and go far ar toward stopping the drain upon the gold reserve held for the redemption 0 of our currency which has been heavy and well nigh constant for sev rev I 1 era years bariff TARIFF REVISION in the revision of the tariff especial attention should be given EC to the reen re en and extension ot of the reciprocity principle of the law of 1890 under which a 1 greit great stimulus was given to our foreign trade in new and advantageous markets for our surplus agricultural manufactured and products the brief trial given this legislation amply justifies further experiment and additional discretionary power in the making of commercial treaties the end in view at always to be the opening up of new markets tor for the products of our country I 1 b by y granting concessions to the products product of other lands that we nye need and cannot produce ourselves and which do not involve v any loss ot of labor to our own people but tend to increase their employment ni nt it will take time to restore the prosperity of former years if we cannot promptly attain it we nye can resolutely turn our faces in that direction and nd aid its return by friendly legislation however troublesome the situation may appear congress will not I 1 am sure be found lacking in disposition or ability to relieve is as far as legislation can do so MUST NOT UK RR TOLERATED Lynch ings must not be tolerated and in a great and civilized country like the united states courts and mobs nit musi escute the penalties of the laws the preservation of public order the right of discussion the integrity of the courts and the orderly administration of justice must continue forever the rock of safety I 1 upon which our government secure securely lr rests AGAINST TRUSTS the declaration of the party now restored to power has been in the past part op posed to all combinations of capital or in trusts or oth otherwise erwis se to control arbitrarily the condition of trade among our citizens and it has bee supported in such legislation as well as to prevent th the execution of all schemes to oppress the people by undue charges upon their supplies or by unjust rates for the transportation por tation of their products to market this purpose will be steadily pursued both by the enforcement of the law no now in fit existence and the recommendation and support of such new statutes as may be necessary to carry it into effect A FIRM FOREIGN POLICY it will be our aim to pursue a firm ar ard d dignified foreign policy which shall be just impartial ever watchful of our n na a honor and always insisting upon the enforcement of the lawful rights of american citizens everywhere our diplomacy should seek nothing more and accept nothing less than is due us we want no wars of conquest we must avoid avold the temptation of territorial aggression gres sion war should never be entered upon until every agency of peace has failed peace is preferable to war in most every contingency arbitration Is the true method of settlement of internal as well as local or individual difference EXTRA OF CONGRESS it has been the uniform practice of each president to avoid as far as possible the convening of congress in extraordinary I 1 session it is an example which under ordinary circumstances andin the absence of a public necessity Is not to be commended but a failure to convene the representatives of the people in an extra session when it involves involver neglect of a public duty places the responsibility of such neglect upon the executive himself the condition of the public treasury as has been indicated demands the immediate attention of congress it alone has power to pro vide revenues for the government not to convene it under such circumstances I 1 can view in no other sense retire than the neglect of a plain duty whatever action c congress may take will be given a fair opportunity for trial before the people are called to pass judgment upon it and this I 1 consider a great essential to the rightful and lasting settlement to the question in view of these considerations erat ions I 1 shall deem it my duty as breid president en to convene con congress ress in extraordinary hession on monday the lith lay day of march 1897 conclusion in conclusion I 1 congratulate the country upon the fraternal spirit of the people and the manifestation of good will everywhere c very where so apparent the recent election not only most fortunat fortunately tAy demonstrated the obliteration of sectional or geographical lines but to tome some extent also the prejudices which for years have distracted our councils and matted marred our true greatness as a nation it wit will I 1 be m my Y cot constant stant aim to do nothing and permit nothing to be done that will arrest or disturb this growing gentl ment of 0 unity and operation cooperation co this revival of esteem and affiliation which now animates so many thousands in both the old and antagonistic sections but shall cheerfully do everything possible to promote and increase It |