The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-07-21


fixture. 1t should be put in the law
so that there should be no misunder-
standing. Two things ought to be
added, notes and bonds. The
hon. member for koolauloa
agreed with that the other day,
but lenders of money did not think
so. The Government lost great
deal of money by dropping that out
of the present law. Discounters of
notes, holders of notes, got profit
out of them just as much as owners
of real estate. A man letting q
piece of land to Chinaman for S125
year was assessed eight times the
rental, while his neighbor who got
as much money on mortgage was
taxed nothing. Both those kinds
of property ought to be taxed.
Natives had told him that it would
be good deal BETTER to sell their
property and get cash than to be
taxed for ii. He favored the adop-
ton of this section with the amend
ment of the Attorney-G General.
Rep. Castle said that where there
was a schedule there was danger of
being confined to it. If they had a
long schedule anything not in it was
excluded. That was the only OBJ
lection he had to the section. There
were notes that did not represent
property, and note was only worth
anything when it had property be-
hind it. If he had a note payable
on the LIST of July, the money for it
should be taxed. If the money is
spent for various things, those things
should be taxed. He was not in
favor of the amendment proposed,
because it brought them back to the
old state of things before 1882. All
mortgages would be taxed in Homo
lulu, taking away just so much from
the taxes of the outer districts.
Minister Dare gave as his reasons
for supporting the bill his belief in
Rep. Hayselden's sincerity in intro
ducing it, and because the OPPOSE
ton had made no arguments against
it and were only trying to bring it
into ridicule. Mr.. Dole asked why
horses were not mentioned. Because
they were included under the head
of domesticated animals. Such
argument was only killing time and
ridiculing the bill. Mr.. Castle OBJ
jected to credits. Let him (the
speaker) show them what credits
were. Business was done here ut
ninety days. A merchant had $685.
600 worth of business on his books.
When the assessor called he had
cash in hand $1,000, but in a few
days he collected that $25, 900 and
RENTED it to San Francisco. (Rep.
Dickey-It would be taxed in the
hands of other people). Poor peo-
pie do not make return of the cash
they have. Did they want to tax
the widow for the money to pay her
months rent, and let the man who
was to get that money go free? A
banker gave a merchant call loan
of $4,000, and all he had for the
money was a credit. Did they think
the assessor would get that money
in the merchants hands? Not a
dollar of it. That man when he
made his statement would say he
had that money in his safe, but it
belonged to his banker and might be
called for in day, therefore he
would not return it. That was
the very reason for taxing the
credit, for the only thing in sight
OF the assessor was the credit
on the bankers books. What he
had described was done elsewhere
to the tune of millions of dollars and
human beings were the same in
Honolulu as in other places. In
his opinion the taxing of credits
would add largely to the revenue of
the Government. Why should not
franchises of telephone, street rail-
road and other companies be taxed?
Machinery was labor-saving and
money-making institution and should
pay taxes. So should watches and
jewelry, and there was not one item
in this schedule that was not legi-
innate object of taxation.
Rep. Dole said the conviction was
forced on him that the Attorney
General was not in the habit of list
ening to arguments in the house.
He never heard the withdrawal of an
important amendment by his asso-
ciate Mr.. Hayselden. If he was in
the habit of thinking about Cali
fornia or writing up his law papers
during discussions they could not
help it. He listened quite atten-
lively to his main argument and
gave him credit for doing the best
he could. His only reason for sup
porting the bill was that Mr.. Hay
selden was honestly DESTROYS of in
creasing the revenue-that is, Mr..
Hayselden was honest, therefore he
supported the bill. He was not
talking on his own conviction, but
only to help his friend. A great many
of the remarks of His Excellency
were conceded by that side
of the house--the taxation of
jewelry, machinery and other things
when he said that every item
in that schedule was properly tax
able, he had right to his opinion,
but it was not that of the. speaker.
The bill would tax the owner of a