Secretary Interior—William A. Peffer, of Kansas.
Secretary Agriculture—Lafe Pence, of Colorado.
The first thing that flashed across the minds of many upon glancing over this list of names was the omission therefrom of Tillman’s. What did it mean? Could the young President have quarreled with his best friend, his most powerful coadjutor? But the wiser ones only shook their heads and made answer that it was Tillman’s hand that filled the blank for Secretary of the Navy, left there by the new ruler after the people’s own heart. Evans was but a creation of this great Commoner of the South, an image graven with his hands.
The inaugural address was not a disappointment to those who had come to hear it. It was like the man who delivered it—bold, outspoken, unmistakable in its terms, promising much, impatient of precedent, reckless of result; a double confirmation that this was to be the Reign of the Common People, that much should be unmade and much made over, and no matter how the rich man might cry out in anger or amazement, the nation must march on to the fulfillment of a higher and nobler mission than the impoverishment and degradation of the millions for the enrichment and elevation of the few.
Scarcely had the young President—his large eyes filled with a strange light, and his smooth, hairless visage radiant as a cloudless sky, his wife’s arm twined around his, and their hands linked in those of their children—passed within the lofty portal of the White House, than he threw himself into a chair, and seizing a sheet of official paper penned the following order, and directed its immediate promulgation:
Executive Mansion, Washington, D. C., March 4th, 1897.
Executive Order No. 1.
In order that there may be immediate relief in the terrible financial depression now weighing upon our beloved country, consequent upon and resulting from the unlawful combination of capitalists and money-lenders both in this Republic and in England, and that the ruinous and inevitable progress toward a universal gold standard may be stayed, the President orders and directs the immediate abandonment of the so-called “gold reserve,” and that on and after the promulgation of this order, the gold and silver standard of the Constitution be resumed and strictly maintained in all the business transactions of the Government.
It was two o’clock in the afternoon when news of this now world-famous Executive Order was flashed into the great banking centres of the country. Its effect in Wall street beggars description. On the floor of the Stock Exchange men yelled and shrieked like painted savages, and, in their mad struggles, tore and trampled each other. Many dropped in fainting fits, or fell exhausted from their wild and senseless efforts to say what none would listen to. Ashen pallor crept over the faces of some, while the blood threatened to burst the swollen arteries that spread in purple network over the brows of others. When silence came at last, it was a silence broken by sobs and groans. Some wept, while others stood dumb-stricken as if it was all a bad dream, and they were awaiting the return of their poor distraught senses to set them right again. Ambulances were hastily summoned and fainting and exhausted forms were borne through hushed and whispering masses wedged into Wall street, to be whirled away uptown to their residences, there to come into full possession of their senses only to cry out in their anguish that ruin, black ruin, stared them in the face if this news from Washington should prove true.