the fabrics of our free institutions remain unshaken. No higher or more
assuring proof could exist of the strength and permanence of popular
government than the fact that though the chosen of the people be struck
down his constitutional successor is peacefully installed without shock
or strain except the sorrow which mourns the bereavement. All the noble
aspirations of my lamented predecessor which found expression in his
life, the measures devised and suggested during his brief Administration
to correct abuses, to enforce economy, to advance prosperity, and to
promote the general welfare, to insure domestic security and maintain
friendly and honorable relations with the nations of the earth, will be
garnered in the hearts of the people; and it will be my earnest endeavor
to profit, and to see that the nation shall profit, by his example and
experience.

Prosperity blesses our country. Our fiscal policy is fixed by law,
is well grounded and generally approved. No threatening issue mars
our foreign intercourse, and the wisdom, integrity, and thrift of our
people may be trusted to continue undisturbed the present assured
career of peace, tranquillity, and welfare. The gloom and anxiety which
have enshrouded the country must make repose especially welcome now.
No demand for speedy legislation has been heard; no adequate occasion
is apparent for an unusual session of Congress. The Constitution defines
the functions and powers of the executive as clearly as those of either
of the other two departments of the Government, and he must answer for
the just exercise of the discretion it permits and the performance of the
duties it imposes. Summoned to these high duties and responsibilities
and profoundly conscious of their magnitude and gravity, I assume the
trust imposed by the Constitution, relying for aid on divine guidance
and the virtue, patriotism, and intelligence of the American people.