The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1892-12-17
THE LEGISLATURE.
14STH DAY.
FRIDAY, Dec. Is, 1892.
Afternoon Session.

Rep. losepa said that he was tired
of hearing the same thing said over
and over again. These same argu-
ments were presented two years ago
and have been used over and over
again until they are now worn
threadbare. If some new ideas or
arguments which had not been pre-
viously met were to be presented he
would be pleased to hear them. The
introducer of the bill has been tell
ing us that the United States and
England have been successful in
their issues of paper money. True,
because those countries have their
own gold and silver mines and their
mints, and they raise everything
they need. But we who raise moth
ing, would" be in comparison with
them like the boy who eats all of an
orange, then blows the skin up and
says this is an orange. He instanced
that if he desired to exchange some
of the proposed banks paper for
gold the cashier would say we have
no gold, all that we have are some
lands and native kuleanas. OF what
use would those be to the man who
wanted gold. Could he take some
of that. land and send it abroad to
pay his debts. If he bagged up some
of the earth could he pay his inter
est with it? 1t has been stated that
the banks are afraid that this bill
would ruin their business. Now,
that is a mistake; they, the banks,
would be the ones which would
make more money. 1t was the poor
and not the rich who would be the
sufferers by the passage of this
measure. He hoped every Hawaiian
who had any love for his country
would vote for the motion that the
committee rise and recommend the
tabling of the bill.
Rep. r. w. Wilcox said that he
favored consideration of the bill
section by section. He did not APP
prove of killing a bill of this i'm
portance without examining its
features. The bill was the result OF
the study of a great many years, and
he hoped it would be considered
section by section.
Rep. Kamauoha was opposed to
the bill. Anyone could see that il
this bill went into effect gold would
be very scarce. If the introducer
had made some provision to have
taxes and duties of Government
paid in gold coin he (the speaker
might vote for it. Again the sugar
planters or the rich would not be
the sufferers. Neither are there any
petitions presented asking that this
banking bill be passed.
Minister Jones asked how the
notes were to read? They are not
to be paid in gold nor in silver then
what? He considered that the pro
position as introduced was an absur
dity. 1t was no use further discuss
ing the matter, he hoped that the
House would come to vote.
Noble Horner-Does His Excel
lency require an answer? Then
will tell him; the Government viii
pay back just what it got from the
depositor. That will not fail. He
will get back the value which he
gave. In this the Government pro
poses to loan; it does not come il
with the proposition to borrow anG
perforce to pay.
Minister Jones acknowledged that
the measure was financial problem
Rep. Bipikane favored considera
ton section by section.
Rep. Kaunamano favored consider
alton section by section. This was
not the first time that paper none,
was proposed for introduction into
this Kingdom. Away back in tn,
times of Kamehameha the fifth sucl
measure was proposed and defeat
ed. At that time | thought that il
might be advisable to procure /;
paper currency for the country. Thi,
silver currency now in use was a
first objected to, but people have
used and many have made their for
tunes with it. 1t does not Away
follow that because a measure meet,
with opposition that it is radically
wrong. A trial is necessary.
Rep. Kanealii said that he had lis
tened attentively to the discussion
on the bill and had read it through
very attentively, but he had no
heard nor did he find that there wa
any provision whereby any coin cal
be obtained for this currency. H,
regarded the whole project simpl,
as theory: an empty shell, nothing
in it.
Rep. White favored the motion t,
consider the bill section by section
and made one of his characteristic
lengthy speeches in favor,
AT 3:l5 motion was made that thu
Committee rise and recommend tn
House to lay the bill on the table
Carried, % to 10.
The Committee rose, the recon
mendation made was reported to tn
President by Rep. Waipuilani, an,
an aye and nay vote was taken o.
the motion to adopt the report re
sulting as follows:
Ayes 49, Ministers G. N. Wilco,
Robinson, Jones, Brown; Noble
Berger, Ena, Hopkins, Pua, Peter
. son, Williams, Kauhane, Hind, Hoa
pill, Marsden, Young, Walbridgc
Anderson, Dreier; Reps. WILDE
Kauhi, Koahou, Kamauoha, Waipu
lani, Kapahu, Nahinu, Kaneali
Kaluna, Iosepa, Akina, Smith, A.
Wilcox-31.
Noes - Mobiles Cummins, Male
j. M. Homer, w. Y. Horner; Reps
Bipikane, Ashford, Aki, Pua, r. "