s, in its wisdom,
shall deem it expedient to create a commission to take under early
consideration the revision of our coinage, banking and currency laws,
and give them that exhaustive, careful and dispassionate examination
that their importance demands, I shall cordially concur in such action.
If such power is vested in the President, it is my 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 fitness for the work. Business experience and public training
may thus be combined, and the patriotic zeal of the friends of the
country be so directed that such a report will be made as to receive the
support of all parties, and our finances cease to be the subject of mere
partisan contention. 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. If the revenues
are to remain as now, the only relief that can come must be from
decreased expenditures. But the present must not become the permanent
condition of the Government. It has been our uniform practice to retire,
not increase our outstanding obligations, and this policy must again be
resumed and vigorously enforced. Our revenues should always be large
enough to meet with ease and promptness not only our current needs and
the principal and interest of the public debt