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MARCH 5, 1849.

Elected by the American people to the highest office known to our laws, I appear here to take the oath prescribed by the Constitution, and in compliance with the time-honoured custom, to address those who are now assembled.

The confidence and respect shown by my countrymen in calling me to be the Chief Magistrate of a Re. public holding a high rank among the nations of the earth, have inspired me with feelings of the most profound gratitude ; but when I reflect that the acceptance of the office which their partiality has bestowed imposes the discharge of the most arduous duties, involves the weightiest obligations, I am conscious that the position which I have been called to fill, though sufficient to satisfy the loftiest ambition, is surrounded by fearful responsibilities. Happily, however, in the performance of my new duties, I shall not be without able co-opera. tion. The legislative and judicial branches of the government present prominent examples of distinguished civil attainments and matured experience, and it shall be my endeavour to call to my assistance, in the executive departments, individuals whose talents, integrity, and purity of character, will furnish ample guarantees for the faithful and honourable performance of the trusts to be committed to their charge. With such aid, and an honest purpose to do whatever is right, I hope to execute diligently, impartially, and for the best interests of the country, the manifold duties devolved upon me.

In the discharge of these duties, my guide will be the Constitution, which I this day swear to preserve, protect, and defend. For the interpretation of that instrument, I shall look to the decisions of the judicial tribunals established by its authority, and to the practice of government under the earlier Presidents, who had so large a share in its formation. To the example of those illustrious patriots I shall always defer with reverence, and especially to his example who was, ty so many titles, the Father of his Country.

To command the army and navy of the United States; with the advice and consent of the Senate, to make treaties, appoint ambassadors and other officers, to give to Congress information of the state of the Union, and recommend such measures as he shall judge to be necessary, and to take care that the laws shall be faith. fully executed—these are the most important functions intrusted to the President by the Constitution, and it may be expected that I shall briefly indicate the principles which will control me in their execution.

Chosen by the body of the people, under the assu. rance that my administration should be devoted to the welfare of the whole country and not to the support of any particular section, or merely local interests, I this day renew the declarations I have heretofore made, and proclaim my fixed determination to maintain, to the ex. tent of my ability, the Government in its original purity, and to adopt as the basis of my public policy those great Republican doctrines which constitute the strength of our national existence.

In reference to the army and navy, lately employed with so much distinction in active service, care shall be taken to insure the highest condition of efficiency, and in furtherance of that object, the Military and Naval Schools, sustained by the liberality of Congress, shall receive the special attention of the Executive.

As American freemen, we cannot but sympathize in all efforts to extend the blessings of civil and political liberty ; but at the same time we are warned by the admonitions of history and the voice of our own beloved Washington to abstain from entangling alliances with foreign nations. In all disputes between conflicting governments, it is our interest, not less than our duty, to remain strictly neutral ; while our geographical posi. tion, the genius of our institutions and our people, the advancing spirit of civilization, and, above all, the dictates of religion, direct us to the cultivation of peaceful and friendly relations with all other powers. It is to be hoped that no international question can now arise which a government, confident in its own strength, and resolved to protect its own just rights, may not settle by wise negotiation, and it eminently becomes a government like our own, founded on the morality and intelligence of its citizens, and upheld by their affections, to exhaust every resort of honourable diplomacy before appealing to arms. In the conduct of our foreign relations I shall conform to these views, as I believe them essential to the best interests and true honour of the country.

The appointing power vested in the President imposes delicate and onerous duties. So far as it is possible to be informed, I shall make honesty, capacity, and fidelity indispensable pre-requisites to the bestowal of office; and the absence of either of these qualities shall be deemed sufficient cause for removal.

It shall be my study to recommend such constitutional measures to Congress as may be necessary and proper to secure encouragement and protection to the great interests of agriculture, commerce, and manufactures, to improve our rivers and harbours, to provide for the speedy extinguishment of the public debt, to enforce a strict accountability on the part of all officers of the government, and the utmost economy in all public ex. penditures. But it is for the wisdom of Congress itself, in which all legislative powers are vested by the Constitution, to regulate these and other matters of domestic policy. I shall look with confidence to the enlightened patriotism of that body to adopt such measures of con. ciliation as may harmonize conflicting interests, and tend to perpetuate that union which should be the paramount object of our hopes and affections. In any action calcu. lated to promote an object so near the heart of every one who truly loves his country, I will zealously unite with the co-ordinate branches of the government.

In conclusion, I congratulate you, my fellow-citizens, upon the high state of prosperity to which the goodness of Divine Providence has conducted our common country. Let us invoke a continuance of the same protecting care which has led us through small beginnings, to the emi. nence to which we have this day arrived, and let us seck to deserve that continuance by prudence and moderation

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