te, under the same high sanction, though in a different sphere,
exercises a public trust. Nor is this all. Every citizen owes to the
country a vigilant watch and close scrutiny of its public servants and
a fair and reasonable estimate of their fidelity and usefulness. Thus
is the people's will impressed upon the whole framework of our civil
polity--municipal, State, and Federal; and this is the price of our
liberty and the inspiration of our faith in the Republic.

It is the duty of those serving the people in public place to closely
limit public expenditures to the actual needs of the Government
economically administered, because this bounds the right of the
Government to exact tribute from the earnings of labor or the property
of the citizen, and because public extravagance begets extravagance
among the people. We should never be ashamed of the simplicity and
prudential economies which are best suited to the operation of a
republican form of government and most compatible with the mission of
the American people. Those who are selected for a limited time to manage
public affairs are still of the people, and may do much by their example
to encourage, consistently with the dignity of their official functions,
that plain way of life which among their fellow-citizens aids integrity
and promotes thrift and prosperity.

The genius of our institutions, the needs of our people in their
home life, and the attention which is demanded for the settlement
and development of the resources of our vast territory dictate the
scrupulous avoidance of any departure from that foreign policy commended
by the history, the traditions, and the prosperity of our Republic. It
is the policy of independence, favored by our position and defended by
our known love of justice and by our power. It is the policy of peace
suitable to our interests. It is the policy of neutrality, rejecting
any share in foreign broils and ambitions upon other continents and
repelling their intrusion here. It is the policy of Monroe and of
Washington and Jefferson-- "Peace, commerce, and honest friendship with
all nations; entangling alliance with none."

A due regard for the interests and prosperity of all the people demands
that our finances shall be established upon such a sound and sensible
basis as shall secure the safety and confidence of business interests
and make the wage of labor sure and steady, and that our system of
revenue shall be so adjusted as to reliev