The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1895-07-11

TwENTY-SECoND DAY, JULY 10TH.
Senator Waterhouse, for the Finance
Committee, presented the following
report on the Currency bill:
Hon. w. C. WILDER, President of the
Senate:
Sir-Your Committee of Finance, to
which was referred Act 4, an Act to
Regulate the Currency, have very care
fully considered the subject and re-
commend that the Act pass the
Senate. The following explanations
may be of value:
Section 1. There is on special de-
posit in the vaults of the Treasury the
sum of $4,000, as against the out
standing certificates. AS to the cor
restness of the amount of certificates
actually in existence, there is no
record of numbers, denominations and
amounts other than the ledger ac-
count shows. One of the principal
reasons for wishing to call in the old
issue and make a new one is to enable
the Treasury Department to open a
complete and comprehensive record of
all outstanding certificates, together
with dates of issue, numbers, denomi-
nations, cancellations, etc. Such
record has never been had, nor can
one be made up with the data at hand,
SO that no other method presents itself
except by calling in the old issue and
making new one. A new issue would
admit of a So silver certificate, which
is apparently needed, to judge from
the expressions of opinions of numer-
GUS business men and others.
Sec. 2. If a new issue is made, it
will be possible to have gold as we'll as
lver certificates, and these would be
matter of great convenience to the
general public. Your committee is
therefore in favor of the whole Act.
The same gentleman introduced the
following joint resolution:
JOINT RESOLUTION.
Be it Resolved by the Senate and
House of Representatives-Th the
President of the Republic be requested
to appoint a committee of three per-
sons to investigate the fresh meat of
Honolulu, in it's relations to the public
health and also in regard to any ten
dency in such trade toward mon
opoly, and report their findings to the
Legislature of 1896.
On motion of Senator Rice the reso-
luton was adopted.
Senator Horner read a resolution
which was to the effect that no bills
can be introduced by members of the
Senate after the 18th inst. 1t was
adopted with the understanding that
it does not apply to the Executive.
Senator WilcoX's bill IAN Act to
Prevent Footbipding" was read for
the first time. It's aim is to prevent
the practice of the Oriental custom in
this country.
Attorney General Smith read the
En
low:
An Act to Facilitate the Construction
and Maintenance of Telegraph
Cables in the Pacific.
Be it enacted by the Legislature of
the Republic OF Hawaii:
Sec. l. The President, with the
consent of the Cabinet, is hereby
authorized and empowered to negO-
tiate and conclude contract or con- |
tracts with any person or persons, cor |
poration or corporations, government |
or governments, for the construction, |
maintenance and operation of a tele- |!
several islands of the Republic, or |
connecting the Republic of Hawaii !
with the countries lying in or border |
ing upon the Pacific Ocean.
Sec. :. There may be incorporated |
in any such contract or contracts pro-
visions to allow the free use of any
Government lands necessary for the
maintenance or opera
tion of such cable or cables;
To admit free of duty all material
to be used exclusively in the construc-
ton, maintenance or operation OF any
cable or cables;
To allow the condemnation and
according TO law of
such land, property or rights of way |
as may be necessary for the construc-
ton, maintenance or operation of such
cable or cables and the land cOnnec-
tiOns thereof;
To remit for term of years therein
to be stated, all taxes upon the prop
erty located within the Republic be-
longing to or connected with such
cable or cables and necessary or prop
erly appurtenant to the construction,
or operation of such cable
or cable~;
To remit all harbOr and port dues
and charges upon any vessel or yes
sells engaged in laying or maintaining
any such cable or cables, or which
may be stationed in the waters of the
for such purpose; and,
u render to such enterprise or en-
terprises such financial assistance as
may seem just and advantageous
to the interests of the Republic.
Sec. 8. Such financial assistance
may consist of: