Polynesian., 1854-07-22
No. Ill.



In the absence Of Mr.. Bond, Mr. Robertson was
appointed Chairman of the Committee on accoun.s
| The special order of the day, the Banking Char
ter, was taken up in Committee of the Whole
Mr. Ihurston moved to amend the first Section,
! 0y nxlng the term of the charter at so years.
Several native members appearing 10 be some
what In doubt as to the nature Of banking iusti-
tuition, Messrs. Thurston and Fuller proceeded 70
explain at length
/ Mr.. ID. kaauwai opposed the BILL He did no,
see the necessity Of it. If these persons wanted
to establish bank, there vas nothing to preven:
them IN the law-only don't let them issue peper
money.
/ On motion of Mr.. Kamakau. the term was Gxed
at Is year, and the Section as amended passed.
The second and third Sections were passed, and
the fourth Section referred to a Select COMMITTEES
to amend
The fifth and sixth Sections (the latter with
slight amendment) were passed.
On the seventh Section, some debate arose as 70
whether stockholders should be entitled to one vote
for each share and the Section was referred to the
Select Committee.
Tne eighth, ninth and tenth Sections were raised
with slight amendments. The eleventh Section
was amended by the insertion Of the words q and
provided that said cOrporation shall not issue bills
or notes for a less amount than Sl0O."
The twelfth and thirteenth Sections we're Tassad.
The fourteenth Section (profiding for the deposit
of the Government funds in the bank) was struck
OUT as was the Section granting monopoly Of ten
years.
Without finishing the discussion Of the bill the
Committee rose. Adjourned.
Saturday, July Is
REPoRIs Presented.
MIR. Marsh, from Committee on bank charter, re-
ported the same with amendments. Ordered for
Committee of the Whole when the subject IF the
bank comes up.
Mr. kalama, from Select Committee on the bill
regulating the descent of real estate reported ad
versely thereto, and recommended its indefinite
postponenent. Adopted.
The House went into Committee On the banking
charter.
Several amendments proposed by the Committee
were agreed to. The new Section proposed. . IL
dividual responsibility" was opposed by Messrs.
Buwlin and Harris as unnecessary, and having z
tendency 10 cramp the operations of the institu-
tiOn. The Section was, however, carried. as was
the next and last, and the bill was ordered to a
third reading on Tuesday, when the COMMITTEES
rose.
The consideration of the appropriation bill was
resumed in Committee Of the " hole on the state
of the nation.
E. o. Hall, Esq, being present, was called upon
and explained that the item of $4,000 for print
ing laws" ETC., was mostly a nominal appropria-
ton, as the money received for such work was
again turned into the Treasury. It was, however,
facility to have an appropriation, and was quite
an item 1t was an advantage, too, to have the
use of the money 10 pay off hands, instead of draw
ing each week on the Treasury. quarterly ac-
count of these receipts made to the Minister
Of Finance.
The explanation was satisfactory, but Mr.. D.
Kaauwai moved to make the sum one thousand
dollars which was passed.
The Committee then rose. Adjourned
Monday, July Il.
PETITIONS PRESENTED.
From some tyyo hundred FOREIGN residents Of
Honolulu, setting forth the want of facilities for
the transportation Of the mails between these Is
lands and California, and praying for anapprorra-
tiOn of $4,000 annual bonus to any company
which will establish sami-monthlv line Of steam
ers, and carry the mails between Honolulu and
San Francisco.
Mr.. D. KaauWai moved to lay on the table, on
the ground that there were no public funds 20
spare.
Mr.. Maikai moved 10 refer to q Select Commit
tee, seconded by Mr.. Fuller who said that proper
respect to the foreigners demanded its reference to
Select Committee. The motion TO refer was car
ried.
On motion Of Mr.. Kamakau, the House ADJOURN
ed, by a vote TO q, having been IN session a little
over half an hour.
Tuesday, July IS.
The House met At ] O'Clock.
Mr.. Robertson, from the Select Committee on
the petition for an appropriation in aid Of line Of
- The Select COMMITTEES u whom was referred
the petition of the foreign residents Of Honolulu
praying for an appropriation in aid Of a line of
mail steamers. between this port and San Francis
co, together with the letter of she Postmaster
General accompanying said petition would re-
speetfully report, that your Committee fully rec
0gnize and appreciate the Advantages direct and
indirec which would doubtless result from the es-
tablishnent Of line OF ocean steamers between
these Islands and san Francisco, from the increas-
ed amount OF travelling between the two countries
the facilities for the shipment Of island produce
for the California market and the increased regu-
larity in the transmission OF mails.
Your Committee regard this subject as one Of
great importance well deserving the earnest at
tention and the encouragement Of the Legislature,
TO the amount prayed for by the petitioners il the
prospective state Of the public revenues should
warrant the same IN the opinion Of your Honorable
House.
In thus Recommending The subject to your favor
able consideration, your Committee regret that
they cannot make an absolute recommendation IN
favor Of the appropriation prayed for.
(oigued) j. ". MARSH,
G. NJ ROBERTSON,
g. P. KALAMA,
JOHN RICHARDSON,
j. W. E. MAIKAI
ORDER OF 1HE Day.
The House went into Committee on the Ava
bill Aftcr an hours discussion, the Committee
rose and the bill was referred 70 q Select Commit
tee
The House went into Committee Of the Whole
on the of the nation, and resumed the discus
sion Of the appropriation bill.
Mr. Harris moved to strike oct the sum Of $500,
salary of Kings CommissioIer IN London He
said that when this officer was appointed, be had
some important duties to perform, out that now be
had no more 70 do than other diplomatic agents Of
- Co-o-,-,snt aoT that thare wa No raason yyhv