MR. M’KINLEY SEATED ’the new chief magistrate f:, /.' : ASSUMES OFFICE. -.te | iMipmiln r.nmmlN Attending the iMSUguratlnn—The rreitditnl'i Add rein — What H. fays of til* Carrwnry, of til* Tariff and af llvctproeltv—Kxtra of Congress Called for the 10th Tiie New I'realdent. WasiHNotoN, March 1.—To-day, for the fourth-lima in history of tho-re public, a native born citizen of Ohio, inthy presence of untold thousands of hts'eauntrymen, and beneath the great bronze goddess of Liberty, bent his bead flyer the'Iliblo and took the sol emn oath:,' 'll do solemnly swear that 1 will folVhflilly execute the office of I . President of the United States and will, to the best of my ability, pre- i *sel*^c, protect and defend the constltu- j tlon of the United States,”' which bound him ufor four long years to j .'Watch ovcrShd guard the welfare of | the American people. It was an im- 1 -pressive.,, but nimplo ceremony that] marked th^jjtccpsslon of William Me-1 Kinley of Ohio, to the highest office of lh'Ssidant of the United States of •/meriea.!., .*■„,! ■ < ■_.. lu many respects the inauguration of McKinley \* ill go down in mstory a> excelling all that have gone before. In beauty, in taste, in novelty, the -daccretion* of the city were incompar ably superior to anything ever seen in Washington. The magnificent body »£ regular United States troops was more numerous than any gathered since General Grant's great display at the close of the war. Seventeen sov ereign states had their citizens in the lino of the parade and over sixty civil organizations helped awell its magni ficent proportions. Along the brood -avonuo on overy open spaoe were erected grand stands of appropriate design and elaborate finish, all of •which wore crowded with unnumbered ihc'ts of people. • 'Ai a:.»s senator Shot-man and Sena tor Mitchell of Wisconsin of the Sen ate com mitt oo appointed to conduct the inauguration, appeared At the Eb bitt house and announced that they had come to escort the president-elect , to the capltol. They wero admitted at ,x>noc and exchanged greetings with Mr. and Mrs. McKinley, who were 'Chatting with Captain William H. Zimmerman of the Twenty-third Ohio r ■ volunteers, his old regiment • fi»o minutes after 10 o'clock the ‘ president-elect emerged from his re ■ ceptioh room on the arm of Senator Sherman. lie looked calm and walked firmly- Just behind him came Secre tary 1‘orter with Senator Mitchell of Wisconsin. Captain Heistand of the jittrmvl with "Abner McKinley, brought up tho realfwud kept back the people »vho pressed upon the party even in the hotel corridors. Asadne President-elect emerged from 1he private entrance of the Ebbltt .hpuse on thirteenth street beside the toll foruffibf Senator Sherman there was a’roaf of applause that shook the building. While the police straggled to clear a passage through the crowd, the l*resident-elect stood at the head of the granite.steps and bowed his ac knowledgements. The President-elect was then seated -with Senator Sherman in .the rear right seat of the carriage, due brought’ jV by the Senate committee and drawn ft by a pair of clipped brown horses. J’lltUT TBir TO THE WJI1TE HOUSE. At ten minutes after 10 o'clock the carriage drawn by four dark bay horses, started for the White house and amid renewed cheers by the crowd and under escort of troop A of the Cl.'vMand erkek cavalry troop, com i>ri.-,ing about a hundred mounted on blaftlt chargers. The procession mover slowly to the Whits house while th< crowds cheered generously. ■ it was just 10:20 oclock when Mr McKinley, accompanied by the senati committee, droye up to tho north fron of the \\£4hoijsc Major MeKinlo; snd Uispftrty entering the rotunda o t-he jyhite*1touse w£re at once shovti intajvjPiff blue robot, tvhero the; •were jedped immediately by Presidcn '. CleTclatf8>and all the members of hii . cabinet, \v(Ri the exception of Secre taiy Olney. General Miles and Ail tniral jAwn eed -Captain Davis an , LieuteMnt Hharp, aides, joined th .,, jwfcs dedl^d $arty. THE INAUGURAL ADDRESS ; rrMUdsnt MeKInleyTakes the Oath aa ""■peaks to the Meltltads. . •> The head of the:. Presidential pr< ..cession appeared on the inauguri -stand at itjts o’clock, when Mr. Clevi pi”*, mod and Mr. McKinley appeared to gether. The mighty throng broke forth into prolonged cheers. At 1:18 o'clock President McKinley took the oath of office administered bv Chief Justice Fuller and then.delivered his inaugural address as follows: "Fellow Citizens; In obedience to the will of tho people and in their presence, by the authority vested In me by this oath. I as sume the arduous and responsible duties of President of the United States, relying on the support of my countrymen and invoking the guidance of Almighty Ood. Our faith teaches that there is no safer reliance than upon the Clod of our fathers, who has so sin gularly favored the American people In every national trial, and who will not for sake us so long as we obey H!s command ments and walk humbly la His footsteps. "The responsibilities of the high trust to which I have been called-always of grave lmportance-aro augmented by the prevail ing business conditions, entailing Idleness .upon willing labor and loss to useful enter prises. Tho country Is suffering from Indus trial disturbances from which speedy relief must be had. "Our financial system needs some revis ion; our money Is all good now,but Its value must not further be threatened. It should all be put upon an enduring basis, not sub ject to easy attack, nor its stability to doubt or dispute. Our currency should continue under th-supervision of the government The several forms of our paper money offer, In my Judgment a constant embar rassment to the government and a safe balance in the treasury. Therefore I believe it necessary to devise a system which, without diminishing the circulating medium, or offering a premium for Its con traction, will present a remedy for those arrangements, which, temporary in their nature, might well In the yeara of otir pros perity have been displaced by wiser provis ions. ! for a Cnrrenev Commission. “With adequate revenue assured, 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 ot maintaining so large a gold reserve, with Its attendant and Inevitable temptations to speculation. "Most of our financial laws are the out growth of experience and trial, snd should not be amended wlthont Investigation and demonstration of the wisdom of the pro posed changes We must be both sure we are right and ‘make haste slowly.’ If, therefore. Congress In Its wisdom shall deem it expedient to create a commission to take under early consideration the revision of our coinage, bin't.ng and currency laws, and give them that exhaustive. cArciui ami dispassionate examination that the importance demands, I shall cordially concur in such action. If such power is vested in the president, tt is ray 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 combined, and the patriotic zeal of tho friends of the country b? m directed that such a report will be made as to receive the support of all pirttes, and our finances cease to bo the subject of mere partisan contention. The expsrimcatU, at all events. worth a trial, and, in my opinion, it can but prove bene ficial to the entire country. Cradlfc Upheld—Economy Urged. “The question of International blmetaltsm will have early and earnest attention. It will be my constant endeavor to secure it by co-operation with the other great com mercial powers of tho world. Until that condition is realized, when the parity be tween our gold and sliver money springs from and Is supported by the relative value or the two metals, the value of sliver al ready coined, and of that which shall here after be coinetl must bo kept constantly at par with gold by every resource at our com* mand The credit of the government, the ln^?rItv °* currency and the inviol ability of its obligations must be preserved. This was the commanding verdict of the people, and it will not be unheeded. “Economy is demanded in every branch ot the government at all times, but espe cially 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 1% found, and prevented wherever In the future It may be developed. If the revenues are to remain as now, the only relief that can come must be from de creased expenditures. But the present must not become the present condition of the government. It has been our uniform prac tice to retire. not increase, our outstanding obligations, and this policy must fain be re sumed and vigorously enforced. . Increase •( Debt Opposed. "Our revenues should always be large enough to meet with ease and promptness not only our current needs and the princi pal aed Interest of the public debt, but to make proper and liberal provisions for that most deserving body of public credltors.the soldiers and sailors, and the widows and or phans, who are the pensioners of the United States. Tho government should not be per mitted to run behind or Increase .Its debt In times like the present!. Suitably to pro vide against business depression Is the •mandate of duty, a certain and easy rem edy for the moat of our financial difficulties. A deficiency Is inevitable so long as the ex penditures of the government exceed Its receipts. It can only he met by loans or an Increased revenue. \Vtitle a large annual surplus of revenue may Invite waste and extravagance^ inadequate revenue creates distrust and undermines public and private credit Neither should be encouraged. '•Between more loans and more revenue, there ought to be but one opinion. We should have more reveuue, and that without delay, hindrance or postponement A surplus in : the treasury created by loans Is not a per manent or safe reliance. It will suffice while It lasts, but it cannot Jast long while the outlays of the government are greater [ than Its receipts, as has been .the case dur ing the past two years. Nor must It be for gotten that however mhch such loans may ’ temporarily relieve the situation the gov l ernment is still Indebted for the amount of i *bs surplus thus accrued, which It must ul timately pay, while its ability to pav is not strengthened, but weakened, by a continued • deOclt Loans are imperative In great j emergencies to preserve the government or , Its credit, but a failure to supply needed revenue in time of.peace for the mainten ance of either has no tusttttcatlon. For Revenue and Protection. • “The best way for the government to maintain Its credit U to pay as It goes—not by resorting to loans, but bv keeping out of “ debt-through an adequate Income secured by a system of taxation, external or Inter nat or both. It is the settled policy of the government, pursued from the beginning, »nd practiced by all parties and admlnls i* , IraUoQS, to {raise the bulk of revenue from taxes upon foreign productions entering the United states for sale and consumption; and avoiding for the most part every form of direct taxation, except in time of war. “The country Is clearly opposed to any needless additions to the subtects of Inter nal taxation, and Is committed by Its latest popular utterance to the system of tariff taxation. There can be no misunderstand ing. either, about the principle upon which this tariff taxation shall be levied. Nothing has ever been made plainer at a general election than that the controlling principle In the raising of revenue on imports Is seal ous care for American Interests and Amer ican labor. The people hare declared that such legislation should be had as will give ample protection and encouragement to the Industries and the development of our country. Reciprocity Ntrongly Urged. ‘ In the revision of the tariff, especial at tention should be given to the re-enactment and extentton of the reciprocity principle of the law of 1800, under which so grea: a stimulus was given to our foreign trade in new and advantageous markets, for our surplus agricultural and manufactured products. The depression of the last four years has fallen with especial severity upon Hie great body of the country,and upon none more than the holders of small farms. Ag riculture has languished and labor suffered. The revival of manufacturing will be a I relief to both. No portion of our people Is | more devoted to the Institutions of free ' government, nor more loval in their sup l>ort, while none bears more cheerfully or fully its proper Rhare In the maintenance A the government or fi better entitled to its wise and liberal care and protection, r-eglslation helpful to the producer Is bene lclal to all. The depressed condition of lu PmlMiMar Omul, jamm a. OAnr of Marylaad AiMtnif OHinL JOtHOI'H H'HKNNA, of Californio. luitry on the farm and In the manufactory has lessened the ability of the people to meet the demands upon them, and t*-ey rightfully expect that not only a syst'iu of revenue shall he established that will s« :ure the largest Income with the least bur den. but that every means will be taken to decrease, rather than Increase, our public expenditures. Mueh Dependent on Congress. “Business conditions are not the most promising. It will take time to restore the prosperity of former years. If we cannot promptly attain it we can resolutely turn nur faces In that direction and aid Its re turn by friendly legislation. However troublesome the sitnatlon may appear, Con grrss will not, I am sure, be found lacking In disposition or ability to relieve It, at far as legislation can do so. The restoration of conddence and the revival of business, which men of all parties so much desire, de pend more largely upon the prompt, en ergetic and Intelligent action of Congress than upon any other single agency to affect the situation. Upholding Kvory Right. “We may hare failed In the discharge ot our full duty as citizens of the great repub lic, but It Is consoling and encouraging to realise that the free speech, free press, free thought, free schoola free and unlimited right of religious liberty and worship ana free and fair elections are dearer and more universally enjoyed to-day than ever before. The guarantees must be sacredly preserved and wisely strengthened. The constituted authority must be cheerfully and vigorously upheld. Lynching! must not be tolerated, and. In a great and civilized country like the United Stares, courts, not mobs, must execute the penalties of the law. The pres ervation of public order, the right of dts> cusston, the Integrity of courts and the or lerly administration of justice must con tinue forever the rock of safety upon which our government securely rests. Agatnat Trait*—Immigration. “The (teclarr.tioa of the party now re • •* v .» ,.4 opposition to all combinations of capital or*’ ganlzcd in trusts, or otherwise, to control arbitrarily the condition of trade among our citizens, and it has supported in such legislation as well to prevent the execution of all schemes to oppress the people, by un due charges on their supplies, as bv unjust rates for the transportation of their pro ducts to market. This purpose will be steadily pursued, both by the enforcement of the laws now in existence and the recom mendation and support of such new statutes as may be necessary to carry it into effect "Our naturalization and immigration laws should be further Improved to the constant promotion of a safer, a better and a higher citizenship Nor must we be un mindful of the need of improvement among our Own citizens but with the zeal of our forefathers encourage the spread of knowl edge and free education Illiteracy must be banished from the land if we shall attain that high destiny as the foremost of the en lightened nations of the world which, under Providence, we ought to achieve. For Civil Service Reform. "Reforms In the civil service must go on, but the change should be real and genuine, not perfunctory, nor prompted by a zeal in behalf or any party simply because It hap pen* to be In power. As a member of Con Bre** I voted and spoke in favor of the pres ent law. and I shall attempt Its enforcement In,the spirit in which itwasenactcd. "Congress should gtvw prompt attention to the restoration of our American mer chant marine, once the pride of the seas In all the great ocean highways of com* merce. To my mind few more important subjects so imperatively demand Its intel ligent consideration Commendable prog ress has been made of late years In the up building of the American navy, but we must supplement these efforts by providing as a proper consort for It a merchant marine amply sufficient for our own carrying trade to foreign countries The question Is one that appeals both to our business necessi ties and the patriotic aspirations of a great people, The Foreign Policy Outlined. "It has been the policy of the United States, since the foundation of the govern ment. to cultivate relations of peace and amltj’ with all the nations of the wortd, ! an