The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-05-05
in financial dealings with outside par

in financial dealings with outside par
ties
Minister Damon then stated in 81
many words that the Executive could
not attempt TO float a loan on the term:
named by Senator McCandless.
Senator Baldwin said he did not OWL
any bonds and was acting with perfect
freedom so far as personal interests
were concerned. He saw some good
points IN the resolution, but preferred
referring the bills back to the Execu-
tive.
Senator Waterhouse also opposed the
resolution. 1t would kill the funding
bill.
Senator McCandless said the country
ought to stand up for its own credit.
In such a case it would be better pre-
pared for annexation. Let the bonds
be redeemed in ten or fifteen years.
Mr.. Damon-Ah, now l have it. An
nexation is just what | have been look
ing forward to. l do not intend that the
Government shall put unredeemable
bonds on the market. In what position
would Mr.. Hatch be if he were obliged
to say to the Washington authorities
that our bonds cannot be redeemed for
ten or fifteen years? 1 haven't forgot
ten annexation because three years
have passed since we declared for it.
| have provided for it in the bills at
every possible point.
The resolution was lost by the follow
ing vote:
Ayes-Lyman, Northrup, Hooking,
Horner, McCandless and Wilcox-6.
Noes-Holstein, Baldwin, Schmidt,
Waterhouse, Wright, Rice and Kau
hane-7.
The bill to grant land for the Chinese
hospital was referred to the Judiciary
Committee.
Senator Holstein presented the report
of the committee on the Portuguese pc
tition. The preamble reviews the pc
titfon and the committee draws conclu-
sicns as follows:
Your committee does not find that
since the arrival of the various ship
ments of Portuguese laborers, wages for
Portuguese laborers on plantations
have been reduced by the immigration
of Chinese and Japanese laborers, or
from any cause, such wages at the pres
ent time being, about the same as they
were when the Portuguese laborers
came into the country.
While it is true that small property
holders in some cases pay taxes upon a
higher proportional assessment than is
the case with large property holders, |
there has been no increase in the statu- |
tory rate of taxation on real and per-
sonal prope0ty since the year 1886. Act |
ual increase of taxation has undoubted- |
ly happened in many instances through |
the actual increase in the value of real |
estate. The disproportion in the assess
ment of large and small properties |
arises mainly from the defective meth |
DDS of assessing property provided by
the present statutes. We call your at
tention to the fact that the Legislature
is alive to this unsatisfactory condition
of our tax system, and is endeavoring to |
correct il by new enactments.
We feel assured that the Legislature
appreciates the Importance of the Port
uguese element of the population of the
country, and their industry and thrift,
and especially recognizes the value to-
the community of their domestic quail
ties, and the propOrtionate large num-
Der of families and children among
them. With these characteristics in
view, legislation has been carried
through, opening the public lands of
the Republic for settlement in the hope
that thereby opportunities of materially
improving their conditions and pros
poets might be furnished to many in
dustrious persons and families, includ-
ing many of the Portuguese part of the |
community.
We would call the attention of the pc
titioners to the Land Act passed by the |
Legislature in 1895, and more particu- |
larry to parts and of said Act, where |
they will find provisions for obtaining |
homesteads not to exceed eight acres in |
good agricultural land, without charge, |
and homesteads of much larger extent |
on very reasonable terms.
In regard to the introduction of Chin |
csc and Japanese laborers, we feel that
the numbers admitted must be strictly
limited to the necessary needs of the
industrial enterprises of the country.
But to prejudice these enterprises by
shutting off their supply of necessary
labor entirely would EMIL misfortune
upon the whole country and upon all
wage earners.
Your committee is fully alive to the |
Importance of encouraging the further
immigration of European laborers and
families, and will recommend the Leg
islature to take action to encourage this |
class of immigration.
This we understand to be the policy |
of the Executive, and we are assured |
that they are taking measures to carry |
out this plan.
House bill against ARRAYS and prize |
fighting passed the second reading.
House bill No. q, relating to larceny, |
passed the second reading. House bill |
No. p, Ito promote fencing" was refer |
red to the Committee on Public Lands /
House bill No. 40, on the proposed am
eIdment to the constitution, effecting /
the number of Senators, went to the /
Judiciary Committee on the second |
reading Senate bill No. So, the Loan
Act, was made the special order for
Tuesday. The substitute bill from the
House relating to the ownership of |
property in case Of divorce passed the
second reading.
Senator Brown reported Senate bill |
No. 9 placed before the President