Fellow-Citizens: 同胞们：
In obedience to the will of the people, and in their presence, by the authority vested in me by this oath, I assume the arduous and responsible duties of President of the United States, relying upon the support of my countrymen and invoking the guidance of Almighty God. 遵照人民的意志，在人民面前，凭借这一誓言赋予我的权力，我承担起美国总统这一艰巨而责任重大的职务。我将依靠同胞们的支持，并祈求全能上帝的指引。
Our faith teaches that there is no safer reliance than upon the God of our fathers, who has so singularly favored the American people in every national trial, and who will not forsake us so long as we obey His commandments and walk humbly in His footsteps. 我们的信仰教导我们，最可靠的依靠莫过于我们先辈所信奉的上帝。祂在我们国家经受的每一次考验中都格外眷顾美国人民；只要我们遵从祂的诫命，谦卑地追随祂的脚步，祂就不会抛弃我们。
The responsibilities of the high trust to which I have been called--always of grave importance--are augmented by the prevailing business conditions entailing idleness upon willing labor and loss to useful enterprises. The country is suffering from industrial disturbances from which speedy relief must be had. Our financial system needs some revision; our money is all good now, but its value must not further be threatened. 我受命承担的崇高职责本来就始终意义重大；而当前的商业形势使有劳动意愿的人无工可做，使有益的事业蒙受损失，更加重了这份责任。国家正遭受产业动荡之苦，必须尽快获得纾解。我们的金融制度需要调整；目前我们的各种货币都具有良好信用，但其价值不能再受到威胁。
It should all be put upon an enduring basis, not subject to easy attack, nor its stability to doubt or dispute. Our currency should continue under the supervision of the Government. The several forms of our paper money offer, in my judgment, a constant embarrassment to the Government and a safe balance in the Treasury. 所有货币都应建立在持久稳固的基础上，既不易受到冲击，其稳定性也不应遭到怀疑或争议。我国货币应继续由政府监管。在我看来，多种形式并存的纸币，长期以来既困扰着政府，也妨碍财政部维持安全的结余。
Therefore I believe it necessary to devise a system which, without diminishing the circulating medium or offering a premium for its contraction, will present a remedy for those arrangements which, temporary in their nature, might well in the years of our prosperity have been displaced by wiser provisions. 因此，我认为有必要设计一套制度：它既不减少流通中的货币，也不为收缩货币提供额外利益，同时又能纠正那些带有临时性质的安排；在繁荣岁月里，这些安排本来早就应由更明智的规定取代。
With adequate revenue secured, but not until then, we can enter upon such changes in our fiscal laws as will, while insuring safety and volume to our money, no longer impose upon the Government the necessity of maintaining so large a gold reserve, with its attendant and inevitable temptations to speculation. Most of our financial laws are the outgrowth of experience and trial, and should not be amended without investigation and demonstration of the wisdom of the proposed changes. 只有在取得充足财政收入之后，我们才能着手修改财政法律，使货币既保持安全又有足够的流通量，同时不再迫使政府维持如此庞大的黄金储备，避免由此必然产生的投机诱惑。我国多数金融法律都是经验与实践的产物；在没有经过调查、也未证明拟议修改确属明智之前，不应轻率修订。
We must be both "sure we are right" and "make haste slowly." If, therefore, Congress, in its wisdom, shall deem it expedient to create a commission to take under early consideration the revision of our coinage, banking and currency laws, and give them that exhaustive, careful and dispassionate examination that their importance demands, I shall cordially concur in such action. 我们既要“确信自己正确”，也要“稳中求进”。因此，如果国会经过审慎判断，认为适宜设立一个委员会，尽早研究铸币、银行和货币法律的修订，并按照这些问题的重要性进行全面、细致而不偏不倚的审查，我将衷心赞同这一行动。
If such power is vested in the President, it is my purpose to appoint a commission of prominent, well-informed citizens of different parties, who will command public confidence, both on account of their ability and special fitness for the work. 如果总统拥有这项权力，我准备任命一个委员会，由来自不同党派、声望卓著且见识广博的公民组成。他们将凭借自身能力和对这项工作的特殊胜任程度赢得公众信任。
Business experience and public training may thus be combined, and the patriotic zeal of the friends of the country be so directed that such a report will be made as to receive the support of all parties, and our finances cease to be the subject of mere partisan contention. The experiment is, at all events, worth a trial, and, in my opinion, it can but prove beneficial to the entire country. 这样，商业经验与公共事务训练便可结合起来，爱国人士的热忱也能得到恰当引导，从而形成一份获得各党派支持的报告，使国家财政不再沦为单纯党争的题目。无论如何，这项尝试值得进行；在我看来，它只会使整个国家受益。
The question of international bimetallism will have early and earnest attention. It will be my constant endeavor to secure it by co-operation with the other great commercial powers of the world. Until that condition is realized when the parity between our gold and silver money springs from and is supported by the relative value of the two metals, the value of the silver already coined and of that which may hereafter be coined, must be kept constantly at par with gold by every resource at our command. 国际金银复本位制问题将尽早得到认真关注。我将始终努力与世界其他主要商业强国合作，促成这一制度。在金银货币之间的比价能够以两种金属的相对价值为基础并由此得到支撑之前，我们必须动用一切可以运用的手段，使已经铸造以及今后可能铸造的银币始终与金币保持等值。
The credit of the Government, the integrity of its currency, and the inviolability of its obligations must be preserved. This was the commanding verdict of the people, and it will not be unheeded. 政府的信用、货币的健全以及国家义务的不可侵犯，都必须得到维护。这是人民作出的明确裁决，我们绝不会置之不理。
Economy is demanded in every branch of the Government at all times, but especially in periods, like the present, of depression in business and distress among the people. The severest economy must be observed in all public expenditures, and extravagance stopped wherever it is found, and prevented wherever in the future it may be developed. If the revenues are to remain as now, the only relief that can come must be from decreased expenditures. 政府各部门在任何时候都必须厉行节约，尤其是在当前商业萧条、民生困苦的时期。所有公共支出都应实行最严格的节约；凡有奢侈浪费之处，都要立即制止，并防止其今后再度发生。如果财政收入仍维持现状，唯一可能的纾困办法只能是削减支出。
But the present must not become the permanent condition of the Government. It has been our uniform practice to retire, not increase our outstanding obligations, and this policy must again be resumed and vigorously enforced. 但政府不能让目前的状况成为常态。我们一贯的做法是偿还而不是增加未清偿债务，现在必须重新实行并坚决贯彻这一政策。
Our revenues should always be large enough to meet with ease and promptness not only our current needs and the principal and interest of the public debt, but to make proper and liberal provision for that most deserving body of public creditors, the soldiers and sailors and the widows and orphans who are the pensioners of the United States. 国家财政收入必须始终充足，不仅要从容及时地满足日常需要，偿付公债本金和利息，还要为最值得照顾的公共债权人作出适当而宽厚的安排，也就是领取美国抚恤金的军人、水兵以及他们的遗孀和孤儿。
The Government should not be permitted to run behind or increase its debt in times like the present. Suitably to provide against this is the mandate of duty--the certain and easy remedy for most of our financial difficulties. A deficiency is inevitable so long as the expenditures of the Government exceed its receipts. It can only be met by loans or an increased revenue. 在当前这样的时期，绝不能允许政府入不敷出或增加债务。为防止这种局面作出妥善安排，是职责的要求，也是解决我国大部分财政困难最可靠、最简便的办法。只要政府支出超过收入，赤字就不可避免，而弥补赤字只能依靠借款或增加收入。
While a large annual surplus of revenue may invite waste and extravagance, inadequate revenue creates distrust and undermines public and private credit. Neither should be encouraged. Between more loans and more revenue there ought to be but one opinion. We should have more revenue, and that without delay, hindrance, or postponement. A surplus in the Treasury created by loans is not a permanent or safe reliance. 巨额年度财政盈余固然可能诱发浪费和奢侈，但收入不足同样会造成不信任，并损害公共和私人信用。这两种情形都不应受到鼓励。在增加借款与增加收入之间，我们不应存在分歧：必须增加收入，而且不能拖延、阻碍或搁置。靠借款形成的财政部盈余，并非长久或可靠的依靠。
It will suffice while it lasts, but it can not last long while the outlays of the Government are greater than its receipts, as has been the case during the past two years. Nor must it be forgotten that however much such loans may temporarily relieve the situation, the Government is still indebted for the amount of the surplus thus accrued, which it must ultimately pay, while its ability to pay is not strengthened, but weakened by a continued deficit. 这种盈余尚存时或许能够应付一时，但如果政府支出持续超过收入，正如过去两年那样，它就不可能维持多久。我们也不能忘记，无论借款能在多大程度上暂时缓解局势，政府仍然对由此形成的盈余负有等额债务，最终必须偿还；持续的赤字不会增强偿付能力，反而会削弱它。
Loans are imperative in great emergencies to preserve the Government or its credit, but a failure to supply needed revenue in time of peace for the maintenance of either has no justification. 在重大紧急关头，为维护政府或其信用，借款不可避免；但在和平时期，如果不能提供维持政府及其信用所需的收入，就没有任何正当理由可以辩解。
The best way for the Government to maintain its credit is to pay as it goes--not by resorting to loans, but by keeping out of debt--through an adequate income secured by a system of taxation, external or internal, or both. 政府维持信用的最佳方式，是量入为出，而不是诉诸借款；是通过关税、国内税或两者并用的税收制度取得充足收入，从而避免负债。
It is the settled policy of the Government, pursued from the beginning and practiced by all parties and Administrations, to raise the bulk of our revenue from taxes upon foreign productions entering the United States for sale and consumption, and avoiding, for the most part, every form of direct taxation, except in time of war. The country is clearly opposed to any needless additions to the subject of internal taxation, and is committed by its latest popular utterance to the system of tariff taxation. 政府自建国以来确立并由各党派、历届政府共同实行的政策，是通过对进入美国销售和消费的外国产品征税，筹集大部分财政收入，并且除战争时期外，尽可能避免各种直接税。全国显然反对不必要地扩大国内税收范围；人民最近的表态也明确支持关税制度。
There can be no misunderstanding, either, about the principle upon which this tariff taxation shall be levied. Nothing has ever been made plainer at a general election than that the controlling principle in the raising of revenue from duties on imports is zealous care for American interests and American labor. The people have declared that such legislation should be had as will give ample protection and encouragement to the industries and the development of our country. 对于征收关税所依据的原则，同样不应有任何误解。历次大选中，从未有哪一点像这次一样表达得如此清楚：通过进口税筹集收入时，首要原则是热忱维护美国利益和美国劳动者。人民已经表明，应当制定能够充分保护和鼓励本国产业与国家发展的法律。
It is, therefore, earnestly hoped and expected that Congress will, at the earliest practicable moment, enact revenue legislation that shall be fair, reasonable, conservative, and just, and which, while supplying sufficient revenue for public purposes, will still be signally beneficial and helpful to every section and every enterprise of the people. 因此，我们诚挚希望并期待国会尽早制定公平、合理、稳健而公正的财政收入法案。这些法案既要为公共用途提供充足收入，也要切实惠及全国各地区和人民从事的各项事业。
To this policy we are all, of whatever party, firmly bound by the voice of the people--a power vastly more potential than the expression of any political platform. The paramount duty of Congress is to stop deficiencies by the restoration of that protective legislation which has always been the firmest prop of the Treasury. 无论属于哪个党派，我们都受到人民意志的坚定约束；人民的力量远胜于任何政纲的宣示。国会最重要的职责，是恢复一向作为财政部最坚固支柱的保护性立法，从而制止财政赤字。
The passage of such a law or laws would strengthen the credit of the Government both at home and abroad, and go far toward stopping the drain upon the gold reserve held for the redemption of our currency, which has been heavy and well-nigh constant for several years. 通过这样一项或多项法律，将增强政府在国内外的信用，并大大有助于遏制黄金储备的流失。多年来，为兑付我国货币而持有的黄金储备一直承受着沉重而几乎不间断的消耗。
In the revision of the tariff especial attention should be given to the re-enactment and extension of the reciprocity principle of the law of 1890, under which so great a stimulus was given to our foreign trade in new and advantageous markets for our surplus agricultural and manufactured products. 修订关税时，应特别重视重新制定并扩大一八九〇年法律中的互惠原则。该原则曾为我国剩余农产品和工业制成品开辟新的有利市场，极大促进了对外贸易。
The brief trial given this legislation amply justifies a further experiment and additional discretionary power in the making of commercial treaties, the end in view always to be the opening up of new markets for the products of our country, by granting concessions to the products of other lands that we need and cannot produce ourselves, and which do not involve any loss of labor to our own people, but tend to increase their employment. 这项立法虽只经过短期试行，却已充分证明值得进一步尝试，并应在缔结商业条约时赋予更多酌情权。我们的目标始终是为本国产品开辟新市场；为此，可以对其他国家那些我们需要却无法自行生产的产品给予优惠，但这种优惠不能损害本国劳动者的就业，反而应有助于增加就业。
The depression of the past four years has fallen with especial severity upon the great body of toilers of the country, and upon none more than the holders of small farms. Agriculture has languished and labor suffered. The revival of manufacturing will be a relief to both. 过去四年的萧条给广大劳动者造成了格外沉重的打击，其中小农场主受到的伤害尤其严重。农业衰退，劳动者受苦；制造业复苏将同时为两者带来纾解。
No portion of our population is more devoted to the institution of free government nor more loyal in their support, while none bears more cheerfully or fully its proper share in the maintenance of the Government or is better entitled to its wise and liberal care and protection. Legislation helpful to producers is beneficial to all. 在我国各类人群中，没有谁比他们更拥护自由政府制度，也没有谁对这一制度更加忠诚；没有谁更欣然、更充分地承担维持政府所应负的份额，也没有谁更有资格得到政府明智而宽厚的关怀与保护。有利于生产者的立法，最终会使所有人受益。
The depressed condition of industry on the farm and in the mine and factory has lessened the ability of the people to meet the demands upon them, and they rightfully expect that not only a system of revenue shall be established that will secure the largest income with the least burden, but that every means will be taken to decrease, rather than increase, our public expenditures. Business conditions are not the most promising. It will take time to restore the prosperity of former years. 农场、矿山和工厂的产业萧条，削弱了人民承担各种负担的能力。他们有理由期待政府不仅建立一套以最小负担取得最大收入的制度，还要采取一切办法削减而不是增加公共支出。当前的商业形势并不乐观，恢复往年的繁荣需要时间。
If we cannot promptly attain it, we can resolutely turn our faces in that direction and aid its return by friendly legislation. However troublesome the situation may appear, Congress will not, I am sure, be found lacking in disposition or ability to relieve it as far as legislation can do so. 如果我们不能迅速恢复繁荣，至少可以坚定地朝这个方向前进，并通过有利的立法帮助繁荣回归。无论局势看起来多么棘手，我相信，凡是立法能够缓解的问题，国会都不会缺少采取行动的意愿或能力。
The restoration of confidence and the revival of business, which men of all parties so much desire, depend more largely upon the prompt, energetic, and intelligent action of Congress than upon any other single agency affecting the situation. 各党派人士都热切期盼恢复信心、振兴商业；而能否实现这一愿望，与其他任何单一因素相比，更取决于国会能否迅速、有力而明智地采取行动。
It is inspiring, too, to remember that no great emergency in the one hundred and eight years of our eventful national life has ever arisen that has not been met with wisdom and courage by the American people, with fidelity to their best interests and highest destiny, and to the honor of the American name. These years of glorious history have exalted mankind and advanced the cause of freedom throughout the world, and immeasurably strengthened the precious free institutions which we enjoy. 同样令人振奋的是，在我国一百零八年波澜壮阔的历史中，每当重大危机出现，美国人民总能以智慧和勇气应对，忠于自身的最高利益、崇高使命以及美国的荣誉。这段光荣历史提升了人类的境界，推动了全世界的自由事业，也极大巩固了我们珍视的自由制度。
The people love and will sustain these institutions. The great essential to our happiness and prosperity is that we adhere to the principles upon which the Government was established and insist upon their faithful observance. Equality of rights must prevail, and our laws be always and everywhere respected and obeyed. 人民热爱并将维护这些制度。我们获得幸福与繁荣的首要条件，是坚持政府赖以建立的原则，并要求这些原则得到忠实遵守。权利平等必须得到维护，我们的法律必须始终、处处受到尊重和遵守。
We may have failed in the discharge of our full duty as citizens of the great Republic, but it is consoling and encouraging to realize that free speech, a free press, free thought, free schools, the free and unmolested right of religious liberty and worship, and free and fair elections are dearer and more universally enjoyed to-day than ever before. These guaranties must be sacredly preserved and wisely strengthened. The constituted authorities must be cheerfully and vigorously upheld. 作为这个伟大共和国的公民，我们或许尚未完全履行自己的责任；但令人欣慰和鼓舞的是，言论自由、出版自由、思想自由、免费教育、不受干扰的宗教信仰与礼拜自由，以及自由公正的选举，如今比以往任何时候都更受珍视，也为更多人享有。这些保障必须受到神圣维护和明智加强，依法设立的各级权力机关也必须得到积极而有力的支持。
Lynchings must not be tolerated in a great and civilized country like the United States; courts, not mobs, must execute the penalties of the law. The preservation of public order, the right of discussion, the integrity of courts, and the orderly administration of justice must continue forever the rock of safety upon which our Government securely rests. 在美国这样伟大而文明的国家，私刑绝不能得到容忍；执行法律惩罚的应当是法院，而不是暴民。公共秩序的维护、讨论的权利、法院的公正以及司法的有序施行，必须永远成为我国政府安稳立足的坚固基石。
One of the lessons taught by the late election, which all can rejoice in, is that the citizens of the United States are both law-respecting and law-abiding people, not easily swerved from the path of patriotism and honor. This is in entire accord with the genius of our institutions, and but emphasizes the advantages of inculcating even a greater love for law and order in the future. 最近一次选举给我们带来一项人人都可欣慰的启示：美国公民既尊重法律，也遵守法律，不会轻易偏离爱国与荣誉的道路。这与我国制度的精神完全一致，也进一步说明，今后培养人们更加热爱法律与秩序具有重要意义。
Immunity should be granted to none who violate the laws, whether individuals, corporations, or communities; and as the Constitution imposes upon the President the duty of both its own execution, and of the statutes enacted in pursuance of its provisions, I shall endeavor carefully to carry them into effect. 任何违法者，无论是个人、公司还是团体，都不应享有豁免。宪法要求总统既负责执行宪法本身，也负责执行依据宪法制定的各项法律；我将尽心竭力，使它们得到切实贯彻。
The declaration of the party now restored to power has been in the past that of "opposition to all combinations of capital organized in trusts, or otherwise, to control arbitrarily the condition of trade among our citizens," and it has supported "such legislation as will prevent the execution of all schemes to oppress the people by undue charges on their supplies, or by unjust rates for the transportation of their products to the market." 如今重新执政的政党过去曾宣告，“反对一切以托拉斯或其他形式组织起来、企图任意控制公民之间贸易状况的资本联合”，并支持“制定法律，阻止一切通过对民众生活必需品收取过高费用，或对其产品运往市场征收不公运费而压迫人民的图谋”。
This purpose will be steadily pursued, both by the enforcement of the laws now in existence and the recommendation and support of such new statutes as may be necessary to carry it into effect. 我们将坚定贯彻这一宗旨，既执行现有法律，也建议并支持为实现这一目标所必需的新法律。
Our naturalization and immigration laws should be further improved to the constant promotion of a safer, a better, and a higher citizenship. A grave peril to the Republic would be a citizenship too ignorant to understand or too vicious to appreciate the great value and beneficence of our institutions and laws, and against all who come here to make war upon them our gates must be promptly and tightly closed. 我们应进一步完善归化和移民法律，不断促进形成更安全、更优秀、更高尚的公民群体。如果公民愚昧到不能理解我国制度和法律的巨大价值，或邪恶到不能珍惜它们的恩惠，共和国就将面临严重危险。对于一切来到这里、意图向这些制度和法律开战的人，我们必须迅速而严密地关闭国门。
Nor must we be unmindful of the need of improvement among our own citizens, but with the zeal of our forefathers encourage the spread of knowledge and free education. Illiteracy must be banished from the land if we shall attain that high destiny as the foremost of the enlightened nations of the world which, under Providence, we ought to achieve. 我们也不能忽视提升本国公民素质的需要，而应以先辈的热忱推动知识传播和免费教育。要实现上天赋予我们的崇高使命，跻身世界开明国家前列，文盲就必须从这片土地上消失。
Reforms in the civil service must go on; but the changes should be real and genuine, not perfunctory, or prompted by a zeal in behalf of any party simply because it happens to be in power. As a member of Congress I voted and spoke in favor of the present law, and I shall attempt its enforcement in the spirit in which it was enacted. 文官制度改革必须继续推进；但改革应当真实而切实，不能敷衍了事，也不能仅仅因为某个党派恰好掌权，就出于党派热情加以推动。我在担任国会议员时曾投票并发言支持现行法律；我将依照这部法律制定时的精神努力执行它。
The purpose in view was to secure the most efficient service of the best men who would accept appointment under the Government, retaining faithful and devoted public servants in office, but shielding none, under the authority of any rule or custom, who are inefficient, incompetent, or unworthy. The best interests of the country demand this, and the people heartily approve the law wherever and whenever it has been thus administrated. 这项制度的目的，是从愿意接受政府任命的人中选拔最优秀者，以取得最高效的公共服务；忠诚尽责的公务人员应当留任，但无论依据何种规则或惯例，都不应庇护效率低下、能力不足或品行不端的人。国家的最大利益要求这样做；无论何时何地，只要这部法律得到如此执行，人民都会衷心拥护。
Congress should give prompt attention to the restoration of our American merchant marine, once the pride of the seas in all the great ocean highways of commerce. To my mind, few more important subjects so imperatively demand its intelligent consideration. The United States has progressed with marvelous rapidity in every field of enterprise and endeavor until we have become foremost in nearly all the great lines of inland trade, commerce, and industry. 国会应迅速关注美国商船队的复兴；它曾经是各条重要海洋商路上的骄傲。在我看来，很少有其他重大议题如此迫切需要国会进行明智审议。美国在各项事业和努力中都以惊人的速度进步，如今几乎已在所有主要的国内贸易、商业和工业领域跻身前列。
Yet, while this is true, our American merchant marine has been steadily declining until it is now lower, both in the percentage of tonnage and the number of vessels employed, than it was prior to the Civil War. Commendable progress has been made of late years in the upbuilding of the American Navy, but we must supplement these efforts by providing as a proper consort for it a merchant marine amply sufficient for our own carrying trade to foreign countries. 然而，美国商船队却一直衰退；无论按吨位占比还是所用船只数量计算，如今都低于南北战争以前的水平。近年来，美国海军建设取得了可喜进展，但我们必须为之配备一支适当的伙伴，也就是规模足以承担本国对外运输贸易的商船队，以补充这些努力。
The question is one that appeals both to our business necessities and the patriotic aspirations of a great people. 这一问题既关系到我国商业发展的实际需要，也寄托着一个伟大民族的爱国抱负。
It has been the policy of the United States since the foundation of the Government to cultivate relations of peace and amity with all the nations of the world, and this accords with my conception of our duty now. We have cherished the policy of non-interference with affairs of foreign governments wisely inaugurated by Washington, keeping ourselves free from entanglement, either as allies or foes, content to leave undisturbed with them the settlement of their own domestic concerns. 美国自政府建立以来，一贯奉行与世界各国发展和平友好关系的政策；这也符合我对我们当前职责的理解。我们珍视华盛顿明智开创的不干涉外国事务政策，使自己免受纠葛，既不以盟友也不以敌人的身份卷入其中，并让各国自行处理本国事务而不受我们的干扰。
It will be our aim to pursue a firm and dignified foreign policy, which shall be just, impartial, ever watchful of our national honor, and always insisting upon the enforcement of the lawful rights of American citizens everywhere. Our diplomacy should seek nothing more and accept nothing less than is due us. We want no wars of conquest; we must avoid the temptation of territorial aggression. 我们的目标是奉行坚定而庄重的外交政策：它应当公正、不偏不倚，时刻维护国家荣誉，并始终坚持保障美国公民在世界各地的合法权利。我国外交不应索取超过应得的东西，也不应接受少于应得的待遇。我们不谋求发动征服战争，必须抵制领土扩张的诱惑。
War should never be entered upon until every agency of peace has failed; peace is preferable to war in almost every contingency. Arbitration is the true method of settlement of international as well as local or individual differences. 只有在一切和平手段均告失败后，才可诉诸战争；几乎在任何情形下，和平都胜于战争。无论国际争端还是地方或个人之间的分歧，仲裁才是真正的解决办法。
It was recognized as the best means of adjustment of differences between employers and employees by the Forty-ninth Congress, in 1886, and its application was extended to our diplomatic relations by the unanimous concurrence of the Senate and House of the Fifty-first Congress in 1890. 一八八六年，第四十九届国会承认仲裁是解决雇主与雇员分歧的最佳办法；一八九〇年，第五十一届国会参众两院一致同意，将这一原则扩展到我国外交关系中。
The latter resolution was accepted as the basis of negotiations with us by the British House of Commons in 1893, and upon our invitation a treaty of arbitration between the United States and Great Britain was signed at Washington and transmitted to the Senate for its ratification in January last. 一八九三年，英国下议院接受后一项决议，作为与我国谈判的基础。应我国邀请，美国与英国在华盛顿签署了一项仲裁条约，并于今年一月提交参议院批准。
Since this treaty is clearly the result of our own initiative; since it has been recognized as the leading feature of our foreign policy throughout our entire national history--the adjustment of difficulties by judicial methods rather than force of arms--and since it presents to the world the glorious example of reason and peace, not passion and war, controlling the relations between two of the greatest nations in the world, an example certain to be followed by others, I respectfully urge the early action of the Senate thereon, not merely as a matter of policy, but as a duty to mankind. 这项条约显然源于我国的主动倡议；以司法方式而不是武力解决争端，贯穿了我们的全部国家历史，并被公认为我国外交政策的重要特色；它还向世界展示了一个光辉范例：两个世界大国之间的关系由理性与和平而非激情与战争支配，其他国家必将效仿。因此，我恭请参议院尽早采取行动，这不仅是政策上的选择，也是我们对全人类应尽的责任。
The importance and moral influence of the ratification of such a treaty can hardly be overestimated in the cause of advancing civilization. It may well engage the best thought of the statesmen and people of every country, and I cannot but consider it fortunate that it was reserved to the United States to have the leadership in so grand a work. 批准这样一项条约，对于推动文明事业所产生的重要性和道德影响，无论怎样估量都不为过。它值得各国政治家和人民贡献最深思熟虑的智慧；而如此宏伟的事业由美国承担领导责任，我不能不认为是一件幸事。
It has been the uniform practice of each President to avoid, as far as possible, the convening of Congress in extraordinary session. It is an example which, under ordinary circumstances and in the absence of a public necessity, is to be commended. But a failure to convene the representatives of the people in Congress in extra session when it involves neglect of a public duty places the responsibility of such neglect upon the Executive himself. 历任总统一贯尽可能避免召集国会特别会议。在通常情况下，如果不存在公共事务上的必要，这种做法值得赞许；但如果召集国会特别会议本是履行公共职责所必需，却仍不召集人民代表，那么失职的责任就应由行政首脑本人承担。
The condition of the public Treasury, as has been indicated, demands the immediate consideration of Congress. It alone has the power to provide revenues for the Government. Not to convene it under such circumstances I can view in no other sense than the neglect of a plain duty. I do not sympathize with the sentiment that Congress in session is dangerous to our general business interests. 如前所述，国家财政状况要求国会立即审议。只有国会有权为政府提供财政收入；在这种情况下不召集国会，在我看来只能被视为对明确职责的怠慢。我不同意国会开会会危害我国整体商业利益的说法。
Its members are the agents of the people, and their presence at the seat of Government in the execution of the sovereign will should not operate as an injury, but a benefit. There could be no better time to put the Government upon a sound financial and economic basis than now. The people have only recently voted that this should be done, and nothing is more binding upon the agents of their will than the obligation of immediate action. 国会议员是人民的代理人；他们在政府所在地执行人民的主权意志，不应造成损害，而应带来益处。现在正是把政府置于稳健金融与经济基础上的最佳时机。人民最近才通过投票要求这样做；对于执行人民意志的人而言，没有什么义务比立即行动更加不可推卸。
It has always seemed to me that the postponement of the meeting of Congress until more than a year after it has been chosen deprived Congress too often of the inspiration of the popular will and the country of the corresponding benefits. It is evident, therefore, that to postpone action in the presence of so great a necessity would be unwise on the part of the Executive because unjust to the interests of the people. 在我看来，把新一届国会的开会时间推迟到当选一年多以后，往往使国会失去人民意志的及时激励，也使国家失去相应利益。因此，面对如此重大的需要，行政部门若推迟行动，既不明智，也有损人民利益。
Our action now will be freer from mere partisan consideration than if the question of tariff revision was postponed until the regular session of Congress. We are nearly two years from a Congressional election, and politics cannot so greatly distract us as if such contest was immediately pending. We can approach the problem calmly and patriotically, without fearing its effect upon an early election. 如果把关税修订问题拖到国会常会，我们的行动将比现在更容易受到单纯党派因素影响。目前距离下一次国会选举还有将近两年，政治纷争不会像选举迫在眉睫时那样严重干扰我们。我们可以冷静而爱国地处理这一问题，不必担心它对近期选举的影响。
Our fellow-citizens who may disagree with us upon the character of this legislation prefer to have the question settled now, even against their preconceived views, and perhaps settled so reasonably, as I trust and believe it will be, as to insure great permanence, than to have further uncertainty menacing the vast and varied business interests of the United States. 有些同胞可能不同意这项立法的性质，但与其让持续的不确定性威胁美国庞大而多样的商业利益，他们宁愿现在就解决问题，即使结果有悖于原有看法；我希望并相信，问题将以足够合理的方式得到解决，从而使制度长期稳定。
Again, whatever action Congress may take will be given a fair opportunity for trial before the people are called to pass judgment upon it, and this I consider a great essential to the rightful and lasting settlement of the question. In view of these considerations, I shall deem it my duty as President to convene Congress in extraordinary session on Monday, the 15th day of March, 1897. 此外，无论国会采取何种措施，在人民受召对其作出评判之前，都将获得充分的实践机会；我认为，这是问题得到正当而持久解决的关键条件。基于这些考虑，我认为，作为总统，我有责任召集国会于一八九七年三月十五日星期一举行特别会议。
In conclusion, I congratulate the country upon the fraternal spirit of the people and the manifestations of good will everywhere so apparent. The recent election not only most fortunately demonstrated the obliteration of sectional or geographical lines, but to some extent also the prejudices which for years have distracted our councils and marred our true greatness as a nation. 最后，人民之间显而易见的友爱精神和各地展现的善意，令我为国家感到欣慰。最近的选举非常可喜地表明，地域和地区界线正在消退；多年来扰乱我们决策、损害国家真正伟大之处的偏见，也在一定程度上逐渐消除。
The triumph of the people, whose verdict is carried into effect today, is not the triumph of one section, nor wholly of one party, but of all sections and all the people. The North and the South no longer divide on the old lines, but upon principles and policies; and in this fact surely every lover of the country can find cause for true felicitation. Let us rejoice in and cultivate this spirit; it is ennobling and will be both a gain and a blessing to our beloved country. 人民的裁决今天得以落实；这场胜利不是某个地区的胜利，也不完全属于某个党派，而是所有地区和全体人民的胜利。南方与北方不再沿旧有界线分裂，而是围绕原则和政策形成分歧；每一位热爱国家的人都能从中找到真正值得庆贺的理由。让我们为这种精神欢欣并加以培育；它能使人高尚，也将成为我们挚爱国家的收获与福祉。
It will be my constant aim to do nothing, and permit nothing to be done, that will arrest or disturb this growing sentiment of unity and cooperation, this revival of esteem and affiliation which now animates so many thousands in both the old antagonistic sections, but I shall cheerfully do everything possible to promote and increase it. 我将始终努力，既不亲自做、也不允许他人做任何阻止或扰乱这种日益增长的团结合作精神之事。昔日相互敌对的两个地区，如今有成千上万人重新感受到尊重与亲近；我将欣然尽一切可能，促进并增强这种情感。
Let me again repeat the words of the oath administered by the Chief Justice which, in their respective spheres, so far as applicable, I would have all my countrymen observe: "I will faithfully execute the office of President of the United States, and will, to the best of my ability, preserve, protect, and defend the Constitution of the United States." This is the obligation I have reverently taken before the Lord Most High. 请允许我再次重申首席大法官主持我宣誓时所念的誓词。我希望所有同胞都能在各自职责范围内遵守其中适用的原则：“我将忠实履行美国总统职务，并将尽我所能，维护、保护和捍卫美国宪法。”这是我在至高无上的上帝面前虔诚承担的义务。
To keep it will be my single purpose, my constant prayer; and I shall confidently rely upon the forbearance and assistance of all the people in the discharge of my solemn responsibilities. 恪守这一义务将是我唯一的目标和恒久的祈愿；在履行庄严职责时，我也将满怀信心地依靠全体人民的宽容与协助。