The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-02-22


will be presented to you. | baVe Sia e''
the proposal with reference TO thr
present bonded Indebtedness ann an
other act will be submitted for your
consideration dealing with the suo- |
ject of future loans.
New Loan Act.
at is the intention Of the Executive
to propose that highway shaiI De |
DIaced in the Kuna district, also |
wharf here and at HiIO aud new blgn- |
wavs near Hilo amt That the other |
Islands shall receive due cOusider- |
alton that school buildings shall be |
erected ami il may be- necessary that |
some new public buildings should oe |
erected. They will come under what
is known ~ the New Loan Act. The |
proposaI is that this act shall MOI |
IDecify so many thousand for this and |
s6 MANY thousand for that, but it
shall be q general loan act, from |
which this LIZ gisIa ture IT IL chooses |
couId draw one or two thousand dol |
lars for ANYTHING that might come !
under the act. The only statements
therein that are compulsory are that
il shall be Devoted 10 public improve
ments, education and Immigration
that the Legislature at each session
AhalI name bow much money mas 10
be devoted to each particular purpose
and in his way il will have many
advantages over the previous loan
acts We have now more than SZO,
600 remaining under the old loan act. |
lint which is unavailable because it is
not known how much should go TO
each separate thing. The money Is
tied up and is unavailable for many
DuTposes. This act is also followed by
an act limiting the powers of the
Minister of Finance III making MS
ARRANGEMENTS with those who choose
TO take our BOMBS and with syDdlcates
who PROPOSE TO take them III large
amounts.
tThere are many points of issue
could talk about, but L do DOT care To
take up the time of the House and
do not care to tire them too much on
this subject. 1t is a new departure on
the part of a Minister to make pub
lie statement of this nature anu
consider II better to limit my state
rneut to what we actually propose 10
do. This will all be brought out I'D
the nature of new license act, ano
tire tax law and other measures when
will he taken and be explained TO thu
Senate in the future.
Confidence in the Country.
.For myself personally have been
connected with this office for nearly
three wears and from the manner IN
which the public have subscribed for
nttr bonds here in our own com
munity have bten highly gratified
TTp TO the present Time, from
cur oan resources here IN these Isl.
nnds there has been subscribed some
thing over $40, 900 for our own bonds
ann when a comL unity will have
faith in any government, govern
rnent whose resources are somewhat
limited and where they see every
thing that is going on In connection
with the Government, and VIII come
forward and subscribe for over nall
million in bonds, it has given me
great deal of encouragement 10 con-
finue in the handling of the finances
and IL we continue in the conservative
manner in which we have acted Tor
The last three years with the con-
tit uaIlV increasing improvements,
am &c rtain that it is only matter Oh
3 short time until our Indebtedness
will be largely decreased; for we are
now showing steady advance.
"At present the Postal savings
Bal k is only receiving per cent. for
the bonds deposited there. The one
Drinciual reason To which L feel we
are indebted for having been able 70
bear our heavy expenses so Wen, is
that the taxation has been so wisely
divided and that we receive IL
from so many sources. nope
that this coming Legislature Will con
slider very carefully the proposition
which is brought before 1t ana aoJus'
q little more carefully the direct tax
alton, that it may be placed on those
who are better able to bear more tax
alton and who, from various causes I'D
the past, have not had to bear the1'
share in carrying the burden OF the
Government
Under suspension of the rules the
bill introduced by Mr.. Damon was
read the first time by title.
Minister Smith gave notice of a bill
regarding the biennial fiscal period
Hinder s1spenaion of the rules the bill
was read by title. -,
Minister King gave notice OF OIL
relating TO the land act
On motion of the Attorney Genera
the rules were suspended and the OIL
read by title. The bill took the regu
lar course.
On motion of Senator Waterhousee
seconded by McCandless, the Presl
+ DENTS message was read and ordered
printed in both languages;
Senator Brown moved that Tn
nominations of the President be ap
nroyed as a whole. Senator NC
CandIess called attention TO the IaC
that under the rules the Senate We
Obliged to go into executive session
Senator Brown held that an execuClV
session was not necessarily secrt
session, sand believe the less secre
sessions we have the better"
The Senate finally went into eXecu
tive session. "
Senator Warehouse moved ths
action be taken in open session. SCI
ator McCandless continued his opJe
tions and moved an amendment 10
into secret session. Seconded
Hooking.
Senator Warehouse, in support
his motion, said that he hoped secr'
sessions would be entirely done ava
with. He believed every action
every Senator should be open al
aboTe hoard H don't believe