THE UNITED STATES.

Waikato Argus, Volume II, Issue 104, 9 March 1897, Page 2

THE UNITED STATES.

Mckinley installed. INAUGURAL ADDRESS. FAVOURS ARBITRATION. Washington,- March 5. Mr McKinley formally assumed the office of President yesterday. The pageant at the Capitol was a striking one. Thirty thousand troops lined the route, and there was ail immense gathering of spectators to witness the proceedings. In his inaugural address, the President said that territorial aggression would be avoided, and a firm and dignified foreign policy adoptud. Every agency for the preservation of peace would be tried before resorting to war. Arbitration was the true method of bringing about a settlement of international disputes, and the treaty recently entered into with the British Government was a glorious example of the exorcise of roason for securing peace. He was, he said, in favour of the apuointment of a commission to inquire into the question of the revision of coinage, banking, and currency. The subject of international bi-metallis:.u would, he stated, receive early attention. The popular mandate with regard to the integrity of the currency, tariff reforms, and taxation would be enforced, and an anti-trust policy pursued. The President urged the Senate to take early action in the matter of the Arbitration Treaty as a duty to mankind. The revival of business would take tiui9.

Congress has been convened for the 15th-March. The President considers that the affairs of the Treasury demaud immediate attention. Six members of the Cabinet are millionaires.

Mr Hanna, the leading organiser of the Republican party, replaces Senator Sherman in the Senate, the latter having accepted office as Secretary of State. New York, March 5.

The newspapers unanimously approve of President McKinley's views with regard to the treaty of arbitration.