The experiment is, at all events, worth a trial,
and, in my opinion, it can but prove beneficial to the entire country.
The question of international bimetallism will have early and earnest
attention. It will be my constant endeavor to secure it by co-operation
with the other great commercial powers of the world. Until that
condition is realized when the parity between our gold and silver money
springs from and is supported by the relative value of the two metals,
the value of the silver already coined and of that which may hereafter
be coined, must 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 inviolability 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 of the Government at all times, but
especially in periods, like the present, of depression in 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.
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