Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1896-03-27
LEGISLATURE IN SESSION.
Continued from list Page.

a ldl St dlhOuul VI luOuGy MOulIl
be required in the coming fall for
the plantations and in general
business. A large amount of coin
being required here in the fall
between the crops. And also TO
provide for what is always sure
to happen, the unexpected, for
you never know what is going to
happen in money matters, and the
same rule applies to the Treasury.
That is one of my strongest rea-
sons for working FOR reserve.
Bishop d Co. disposed of it's Gov
eminent bonds and securities that
it held in Honolulu in the amount
of $4,000. So that at the present
time Bishop&Co.h holds here in Gov
eminent securities $4,000, in the
shape of promissory note of the
Post Master General and $4,000
in bonds. Under these circum-
stances | cannot think the Minis
ter of Finance will be accused of
using his position as banker to
work for his own advantage. If
Bishop & Go. had not taken that
position last year, we could not
have drawn upon our credit in
San Francisco to supply the coin
for the cholera expenses.
When the subject of the Loan
Bills comes up | would like to
meet the Committee and also
would like to meet any others who
are interested in the matter of
finance; and will hold myself in
readiness, so far as ] am able, to
answer any questions that may be
put to me. We must remember,
and the Executive remembers,
that in our present position the
people have a good deal to say
management Of finances.
The questions of what style of
loan bill should be put upon the
market, how much of the loan bill
should be put upon the market
and everything that is done should
have the most careful considera-
ton and the freest kind of critic
ism. / do not think there is an
Office III this Government that
should have more criticism than
the Treasury. 1t is the peoples
money that is spent and it is the
people who are being taxed, and
the Executive is agreeable to have
everything connected with the
Treasury criticised. We do not
know what effect these Loan Bills /
will have. The fact of putting
upon the market lodn for public
works may have far reaching
effect not only on our own in
dustries but it may affect our con-
nection with the United States.
Having made this statement L
will leave it to you to decide for
the future. | shall make no other
statement in regard to my person
al connection with the Treasury;
but l will give you the freest
hand to examine and criticise
and bring forward s bggestions
with reference to the conduct of
the Treasury Department for it is
The life of the Nation.
The report of the Miscellaneous
Committee on the Great Seal,
printed in full in yesterdays Bull
LETIN, was taken up and finally
adopted. This action takes the
whole matter back to the Joint
Committee on both Houses on the
Great Seal.
Minister Cooper called the at
tention OF the Senate 10 the fact
that the term of Office OF the pre-
sent Council of State ends by
law at the expiration of the pre-
sent session, and that It will be
necessary for both Houses to
elect five members each of the
new Council.
Senate Bill 6, to widen the
streets of Hilo, with the amend
ments proposed by the House was
taken up. The amendments were
concurred in without opposition.
On motion of Senator McCand- !
less the second reading of the Lii
cense Act was made the special |
order for Monday.
Senator Brown from the Com
mittee on Passed Bills reported |