Speech Transcript:

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 a time-honored 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 Republic 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 and 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 cooperation. The legislative and
judicial branches of the Government present prominent examples of
distinguished civil attainments and matured experience, and it shall
be my endeavor to call to my assistance in the Executive Departments
individuals whose talents, integrity, and purity of character will
furnish ample guaranties for the faithful and honorable performance
of the trusts to be committed to their charge. With such aids 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 the 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 by 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 and to 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 faithfully
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 assurance that my
Administration would be devoted to the welfare of the whole country,
and not to the support of any particular section or merely local
interest, I this day renew the declarations I have heretofore made
and proclaim my fixed determination to maintain to the extent 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 on 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 can not 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 position, 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
honorable 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 the true honor 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 prerequisites 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 harbors, 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 expenditures; 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 conciliation 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
calculated to promote an object so near the heart of everyone who
truly loves his country I will zealously unite with the coordinate
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 from small beginnings to the eminence
we this day occupy, and let us seek to deserve that continuance by
prudence and moderation in our councils, by well-directed attempts to
assuage the bitterness which too often marks unavoidable differences
of opinion, by the promulgation and practice of just and liberal
principles, and by an enlarged patriotism, which shall acknowledge no
limits but those of our own widespread Republic.