The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1892-09-22
THE LEGISLATURE.
NINETY-FOURTH DAY.
THURSDAY, Sept. %, 1892.
Morning Session.

Prayer by Chaplain Waiamau. Min
utes of previous meeting were read
and approved.
No reports of standing or select
committees and the Order of the
Day was, at 1912, proceeded with.
The special Order of the Day was
Bill 1877, to authorize railroad cor
porations to mortgage their pro-
perty and franchise to secure their
bonds. Report of special committee
was read and on motion the bill was
considered section by section.
Rep. Kamauoha desired to know
if the Oahu Railway ~ Land Co. was
not allowed, under its present fran
chise of fifty years, to mortgage its
property.
Minister Neumann said that the
company could only mortgage to
local people. Their charter does
not prohibit the company to borrow
money, but the law does not allow
said company to ALLEVIATE it's pro-
perty.
Rep. Kamauoha moved an amend
ment that the first section be made
to apply to the Oahu Railway Co.
and not to any railroad corporation.
Minister Neumann was satisfied
with the proposed amendment.
Mr.. Hatch, the attorney for the cor
poration, had handed him the bill
and he judged that it was all right.
Rep. White was very much OPP
posed to the bill being rushed
through in the manner desired. A
suspicious circumstance was that it
was presented to the Cabinet by Mr..
Hatch. He favored reference to a
new committee and if such was not
had he would talk as long as he
could against it. Two members of
the Cabinet had been asked regard
ing the matter and one had said that
he knew nothing about it. He had
hoped to be able to support it as a
Government measure, but the man
ner in which it was being pushed
suggested foul play. Everything
had been done rapidly and very pro
badly the report of the committee
had been prepared at the same time
as the bill.
Minister Neumann stated that he
had made out the report himself
after meeting with the committee.
Relative to the haste he would say
that he only desired action taken
which would allow news thereof to
go forward 10y this steamer.
Rep. White still favored reference
to another committee. 1t had been
noticed, presented, printed, read and
referred to committee, and the re-
port of the committee had been read
all in one day, and probably now the
engrossed copy was in the pocket OF
Mr.. Testa or some one else already
to present.
Rep. Ashford favored the amend
ment made by Rep. Kamauoha. He
had been canvassed relative to his
support by the attorney of the cor
poration, but did not suppose the
bill would be presented in the shape
it is. The first section was too gen
eral. If this was for the Oahu Rail
way Co., let them have it in thei
own name. Section 2 asking tina
the Government ratify all mortgage
made heretofore was demandin,
more than he could agree to. TIL
list of mortgages should be examines
by a committee. He agreed wit
Rep. White that the matter locke,
as if it was being rushed through.
Rep. Nawahi favored reference t
a new special committee for tn
reason that the company had no,
under it's control valuable Govern
ment property, all of which the
had obtained from former Ministe
of the Crown for 81 per year. II
believed that a resolution ha
been introduced last session to car
: Gel that lease, but so far nothing ha
been done to do so; it had been cor
sidered an illegal transaction.
, this was mortgaged by the railroa
, company, then the property woul
pass into the hands of foreig
capitalists. The Cabinet should /
very careful how they attempted t
navigate the slip of state or the
: may strike a reef, and then woul
come change of commanders.
i Rep. Kauhi did not think anythin
!, could be accomplished by referenC
y to new committee.
d Rep. Kaunamano said that I'll
I, Hawaiian members were not oppose
to the principle of the bill but tt
style Of it. 1t was dangerous; if ii
Oahu Railway Co. could not p;
) their debt then the Hawaiian Go