The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1888-07-30

W JllS JuuiCldlJ SOilhliIVce W TeVlSe
the title.
Noble Smith moved to reconsider
the bill to abolish tuition fees in
Government schools except in GER
tain cases. Carried.
The bill was then referred to the
Judiciary Committee.
Third reading of a bill to amend
the law relaing to seduction. Passed.
Consideration of the bill to pre-
vent the issuing of commercial pa
per as circulating medium. Sec
ton exempts foreign bills of ex-
change. The section passed as
amended.
Minister Green moved to recon-
slider this section as he believed that
under this law bills of exchange
could he issued as circulating me-
dium. The motion was carried.
Noble Smith said he wished the
bill referred back to the committee
as he considered it a very crude bill
and should be carefully studied be-
fore being passed. He said GER
tain banking-house in this city was
issuing notes without anything to
back them, and he supposed this
law was aimed at it, more than any
thing else. He believed that if
bank notes we're issued capital
should back them, and that by law.
If one house can do it others can.
He understood that the object
sought was to protect the commu-
nifty, and he should move to have
the bill referred to the Judiciary
Committee.
Minister Green said he did not
see the necessity of referring this
back to the Committee. The bill
was well enough as it is, except
where it exempts foreign bills of
exchange. He therefore moved to
strike out those words.
Noble Baldwin said if Noble
Smith wants banking act passed
let him bring in one, or legal ten
der act. This bill only provides for
the protection of the public against
any loss from the issuing of illegal
paper.
Noble Waterhouse said that the
object of the bill was to protect the
people from loss. If one party can
issue paper, there is no reason why
others should not do so. There is
no need of any firm issuing paper as
circulating medium as there is
plenty of silver and gold in the
country for all the wants of the peo-
pie. The silver and gold has q
value whereas paper has not.
Noble Smith said the point is
simply this: Here is the original
bill (pointing to one in his hand.
The committee have offered sub.
stitute. The member from Koolau.
poko has amended by inserting 6
substitute section for section 2, ant
the Minister of Finance now offers
another amendment and it seem:
an incongruous mass.
Rep. Kinney said he thought there
should be clause in the bill for
bidding metal issued as a circulate
ing medium, such as the copper l2.
cents pieces issued on Maui.
Noble Smith said he wished such
a provision could be made, as it il
very desirous for the issuers TO b.
protected. Capt. Hebron has al
ready redeemed over 5000 mor'
than he issued.
Noble Widemann said that plan
tation drafts must come under thi
law as it is now worded. He though
that much simpler wording coulc
be used and yet preserve the inten
ton of the bill.
Noble Baldwin said that Nobl
Widemann had considered this bill
with the committee and had approx
ed of its wording. In regard TO tn,
copper coins in circulation among
plantation people, he thought i
should be considered separately, a
there are many plantations who is
sue them in order to be able to pa,
their men the fractional part of .
dollar that is often due them ant
that can be paid only in this man
ner. The motion to strike out the
words, "foreign bills of exchange
was carried, and the section passed
as amended.
Noble Waterhouse moved tt
amend Section 2 so as to read "t'
take effect from and after the Is
day of January, 1889.
The Attorney-General said tina
he thought that this law would de
feat itself, if it did not 60 into effec
before Jan. 1st, 1889. Now what i
to prevent the House against whom
we must admit this bill is aimed)
issuing a million dollars of thei
paper before that time. 1t is not il
legal for them to do so, and it il
not illegal for people to pass then
between each other after they ART
issued. He therefore moved that i
be made the 1st day of September
in order that they may be protected
from run on them.
Rep. G. Brown said he though
the bill should have been referred
to a committee, as he thought ther
should be some provision made com