CONGRESS. <Tiie PtrrY-nrrn Cowuuns.) 



I : 



1 States is a distinction 

 ~ u an honor 



<> the people of the 

 honor. MM! my duty 



.It* atf *hn 

 f the people, u 



make 

 tie lesjila 



I n ciiterintf upon the duties of the otto* to which 



Beer, an. I that I am called 

 liberations, while not per- 



effort to ejd you, so far as 



mil of th business 



the belief that su 



p 

 course of wise a 



Id.- ftillctt ninl fi 



, -.. , 



,.. :.,. 



ie regular 

 >ft.-r 



their 



\\ :..: AM rtina in the ssUlameii .rrave 



will IN* my endeavor to so guide 



wisdom may be f nut f til in 



exercising -'.-h fairness 



nn.l r 'iin tln> rule* t ,f the Senate as 



r the sin- 

 v effort. 



til the 



ability I JN.X,,. .thful discharge of every 



dmy as it mar devolve upon me, relying always 



t.. UM " 



trustfully anticipate that imlul^nt aid 

 considers all til 



and consideration which you have at all times 



viv pretlecessors,* and without wl 

 could not hope to acquit myself to vour satisfaction 



i^rxiiial i 



dence the peopl -'! in me by diftcharcing 



your u{>; f my honest effrt t ad- 



> v.uir rules \ single to the |.ul- 



. ant and efllcient 



1 our official and personal relations 



maybe alike agreeable; that 



.ill lasting, and 

 ic 3onstci may redound * 

 peace and honor <>f the roiintr> and the pro*] 

 and liaj'i'inevs of all the | 



Aft. r mil rail the ceremony of inauguration br- 

 t. lito me taken the oath 

 ^inaupiral address: 

 In obedience to the will 

 i in th.-ir presence, by the aut) 

 in n oath I assume the ardi 



f the l*i 

 on the Minnvr untrymen 



reliance than 



that and who will nut fur*** u. M 

 commaiidmrtiu ai*d walk 



hushly~ in hit 



^w.r.oJry.j.p 





rpriam The eoautry is suffering from 

 tammtrial dUurUnc*. from which i*ly ratief 

 m urt hs had. Onr financial sptem Mads so*** rt- 

 vision s our money it all good now, but iu value 

 must not further be threatened. It *^-tM all U- 



. . ' . . . ' ..',.". 



l^*-. M*^ ^^*lfit M* l^miM *^ IS^^^BW^fc 1I 



,^__4^^_ -^ 



' . . 



the Ctovernment. TIM savaral forms of our paper 

 money offer, in my judgmant. a nnsMt ani imlHi lass 

 men t to the Oovirnment and a safe halanns in the 

 Treasury. Therefore I believe it nirsjairy toda 



will 



mporary in their 

 ofoiurprasnr- 

 dispmesd by wiser provuiotia, Vitb ads 



:. ..-..-... : ;-. 



m iiMk 



In our nscal law* a* will, while 



impose upon' the Government the necessity of 

 maintaining so large a gold reserve, with 

 tendant SIM! inevitable temptations to speculation. 

 Most of our financial laws are the outgrowth of ex- 

 e an.l trial, and should not be amended 

 ut investigation and demonstration of the 

 wisdom of the proposed changes. We must be 

 l-.th ' sure we are right * and 'make haste slowly.' 

 tigress in its wisdom shall deem it 

 to create a commission to take under 

 sarh . i midarai . ' 



of their ability ami apaaml 



r. .- -- >. .-. : 

 ha combined, and the patri- 



bsjaUBC, ami curn-ncy laws, and 

 exhaustive, careful, and dispassion 



e demands. 1 shall cordially 

 concur hi such action. If such power is vested in 



mission of prominent, well-informed citiaras of 

 different parties, who will command 

 boOi on acooni 



lie training may thus 



friends of the country be so < 



that nuch a report will be made as to rsraiv* the 



support of all partita, and our finance* cams* to hs 



the subject of mere partism contention. The ax* 



all event*, worth a trial, and. in my 



can but prove beoeAcial to the entire 



he question of international MmHalHsm will 



have early and earnest attention. It will be my 



constant endeavor to secure it by co-operation with 



,-Tvat commercial powers of the world. 



Intil that condition to rmliird when the parity 



*n our gold and silver money springs from 



an.l i* M.,. ( ..ncd by the relative value of O 



maUls. the value of the silver already 



may her- 



kept constant Iv at nar with gold by every 

 r command, the credit of tie (km 

 the inletritv of nd the inviola' 



mwmsjtmiBimmA i 



people, and it will not 



y is demanded in every branch 



-nment* at all times, but especially in periods, 



like tne present, of depression in MMiBam ana ojm* 



on t no uou oi our lat no 



re, who has so singularly must be observed in 



' ' 



nallpu 



The 



