The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1895-07-10
GOLD AND SILVER NOTES.
"aF,srny PLAN AMENDED ~
rar s,NNrs ArrEa prpArE.
s. 10 the D-posit--Psii Road IN IN.
Hon-.-iaif pHy s..sIou III.
Rui. To-day
TWENTY.SECOND DAY.
sENArE

All present
Senator Waterhouse presented
I Joint resolution for a committe,
of three to investigate the fresf
meat supply OF Hawaii, to learn il
a monopoly exists and to report to
the next regular session of the
legislature. On motion of Senator
Rice the resolution was adopted.
Senator Homer introduced a
resolution that members of the
Senate introduce no bills after the
18th inst. Adopted. The execu.
tive may present Acts.
The Act prohibiting foot binding,
by Senator Wilcox, was read. 1,
provides a penalty for the practice.
Minister Smith introduced and
read an act for the promotion OF
cable and telegraphic communica.
ton.
Minister Smith gave notice of an
act to grant to canagerie and fibre
plants the same import tax exemp-
tons allowed coffee by the act of
1892.
Sen. Brown introduced an act
providing that one satisfactory
bond shall be sufficient in appeal
cases. Passed on first reading.
On motion Of Sen. Brown. the
Senate adopted the House Joint
resolution for a commission to pre-.
pare land transfer act to submit
to the legislature.
Sen. Warehouse reported for
his committee recommending a
commission to prepare an act for a
new system of auditing public
accounts, Adopted.
On motion Of Senator Water
house the Currency Act was taken
up. This provides for renewing
the present silver certificate issue,
with VS. notes, so that complete
and perfect record may be had.
Gold certificates may be issued in
denominations Of rs, $40, $40, $50
and Sroo. The certificates repre-.
sent money on special deposit.
Senator McCandless inquired
about the cost of printing plates.
saying he had been told they were
worth $500 each. Minister Damon
responded that there would be
correspondence and the regular
session would be asked for expense
money.
Minister Smith suggested that
the deposits should be for gold and
silver respectively.
Minister Damon said that at
times of the year silver was very
scarce and he desired to be able il
necessary to replace silver deposit
with gold.
In answer to President Wilder,
Minister Damon said the purpose
of the gold certificate was merely
to accommodate 1.-The public
President Wilder said this was
an expense with no profit.
mo profit" said Minister
Damon. Some lost" remarked
Minister Smith. Minister Damon
said certificates were very rarely
lost and cited some experiences.
President Wilder spoke of the
chance o nemies Of the overnment
to talk OF more paper money. Min
lister Damon said the coin was
always in the treasury vaults. Mr..
Baldwin favored the gold notes and
thought they would have tenden-
cy to hold the coin in the country.
Senator Brown asked if certificates
could be issued against current &C.
count balance. No.
Senator Brown believed in a hard
and fast practice.
The amendment to deposit gold
and silver respectively for certificates
was carried. The act passed Sec
ond reading.
Minister proposed plan to lessen
The cost of engrossment. Referred
to committee on joint rules.
Adjourned to 10 a. m. tomorrow.