The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1896-05-08
DEBT REBUILDING R. |. ?.
MoCANDLEss RESOLUTION PROMPT.
~ vOTED DowS.
Amendment Lost -- Argument By the
iutroducer aud Others
Licenses
slNTN-THIRD DAY.


senate
Resolution No ~. relating To the Re-.
funding Act was read
MIR. Baldwin moved am amendment
tn the resolution To make the discount \
per cent. In place Of per cent. lie
he ight the Minister uf Finance should
be trusted in the matter. lie did no,
propose to vote Tor "a measure that the
Executive could not carry out. II look
ed like the Senate was eudeavorng To
throw responsibility oil on the Execu
tive. IL the Senate meant business let
reasonable latitude he given.
Mr.. MCCandless said that, under the
amendment the Government would get
% per cent. for its bonds, or . per cent.
less than his resolution proposed. The
speaker was convinced that this uovern.
ment should pay no attention to London
brokers, as those people were working
for Loudun brokers. News by the
/ Australia was tn the effect that the
/ Cubans had borrowed 5000, 600 at SEA
Z They had no recognition rs bellgerenls,
no capitol, no ports of entry nothing.
With this. showing the Cuhans could
borrow money almost vs. cheap as the
Minister Of Finance proposed The
bond deal in the United States of ls03
met with storm OF condemnation from
one side OF the country to the other.
Bonds were sold at 1903. They were
snapped up aud Immediately thereafter
advanced To IA. With respect to the
local proposition; interest at per cent
would be saving of $4,000. Ho
would rather wait two years. The speak.
er had never heard of such statement
as that coming from the Minister of
y A 4
negotiate upun the basis ct the resolution.
The remark was decidedly discuurteous,
In the United States, in the general and
state governments, the Executive did
not dare deviatc one hairs breadth from
the instruction of the Legislative body
IN such matters. This was cold-hlood.
ed business proposition, aud would
he ~ considered Ia the markets of the
world, THESE men in Honolulu take lis,
because they can got them; if they
could not get o., they would take 5s.
Mr., Brown did not think the country
IN position tn refund, A remark hy the |
Minister of Finance he could not under
stand that u law would have to be |
passed before the Executive could 40.
all the figures add data required. lie
could not see why any person authoriz. /.
ell by the Government 10 get figures |
could not secure all the information de. /
sired, lie thought the matter should |
go over Tor two years.
On vote the amendment of Mr.. Bald. !
win was lost by the following votes.
Aye -kauhane, llolstein Baldwin and |
schmidt, 4, Noes Lyman, Northrnr, |
Hooking, llorner, Brown, MuCandless
Waterhluse. RICE and Wilcox, ..
Mr., Mctandless resolution was also
lost by the following vote Ayes Hob
tein, Hooking, llorner Schmidt and
McCandless, .. Noes Kauhanc, lY,
man, Northrup, Baldwin, Brown,
Warehouse, Wright, Rice and vii
COX, u.
Mr. lIolstoins bill 10 amend the cor
stituIion, relating t. senators, WIS
tabled.
Bill to grant land for Chin, 80 hospital
passed final reading.
Mr.. Holstein's bill relating TO cleo,
tions and CONTESTED seats, passed second
reading
Senate Bin ~, making appropriation
for continuing work ON Nuuanu stream,
was referred to the Minister OF Interior,
Adjourned 10 MOI day,