Mr. McKinley's inaugural address is most interesting because it is the most satisfactory political utterance from him since his candidacy. It is a forcible, straightforward, and unequivocal document. He takes up the financial situation and proposes as a step towards relief the appointment of a Commission to deal with the problem. Then comes a pronouncement in favour of international bimetallism, followed by a detnand for a rehabilitation of the Treasury by a high protective tariff on the one hand and a reduction of expenses onthe other. A Republican Congress is incapable of this latter measure, we fear. Mr. McKinley's utterances on Trusts, and our immigration and naturalization Iaws may be regarded as stock in trade stuff, as also those on free institutions, lynching, and civil service reform. The building of a merchant and naval marine is possibly a hint as to future proposed legislation, and the eulogy of the treaty for international arbitration pleased every one, especially Mr. Cleveland and Sir Julian Pauncefote.
Text read from the printed page and cleaned; old type leaves the occasional error.