The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-05-05
Senate Rejected Senator Nc
CandIess' Resolution.
REPORT PORTUGUESE COMMITTEE
DaIrymen object 10 Licenses Being
Increased-Rep. Winston Presents
Petitien-Cost of Road to PohoilSi.
Fifty.eighht Day.
MONDAY, May A.

MONDAY, May 4.
After the usual preliminaries in the
Senate the clerk read a communication
passage of several Acts amending the
Penal Code.
4 4 Senator Holstein read petition from
fKailua on the advantages of making
that place port of entry.
Under the regular order of the day
Senator McCandless' funding bill reso-
luton came up.
Minister Damon was asked TO give an
opinion on the resolution, but declined
on the ground that under the existing
conditions there was nothing for him
to say. The bills that had been before
! the Senate expressed his ideas.
/ Senator McCandless believed the reso-
luton would open the question on a
new and proper basis 1t would give the
Executive the sense of the Senate, and a
bill could be prepared accordingly.
President Wilder ruled that discus
sion on the resolution was in order.
Senator Baldwin moved to take the
| loan bills from the table and thereby
| open the whole matter for discussion.
He saw nothing very wrong in the reso-
luton. The objection raised was that
the rates in the bills were too high.
This could not be said if the Senate took
up the bills and followed the spirit of
the McCandless resolution.
Senator Waterhouse seconded the mo-
tion. The Finance Committee had not
opposed the bills, but objected to some
of the terms made. On a ruling of the
chair the motion to amend the resolu-
ton TO provide for taking the bills from
the table was withdrawn.
Senator McCandless then asked the
Senators to say something on the mat
ter They owed it to the country TO
ventilate their ideas.
Senator Waterhouse said the resolu-
tion had been deferred to Monday so as
TO confer with the Executive He would
like to hear from Mr. Damon.
Minister Damon rose to the occasion
and said that neither he nor any other
member OF the Executive had any de-
sire 10 force the funding and loan bills
upon the Senate That body had taken
the bills out Of the hands Of the Ex-
ecutive and had not given the courtesy
Of a second reading. Tt was desired to
make the action Of the Senate a prece- i.
dent The Senate had acted as IL saw
fit. As to the effect of the action upon
the Executive. he was not preD3 red to
state, but thought IT would cramp lheir
efforts TO strengthen the financial con
dition of the country To pass the reso-
luton would table the bills in a most
effectual manner. If the bills were pass
ed on the scheme named. a man might
go to Boston or any other city to hoat
the loan and fail. This failure would
hurt the credit of the country and put
quietus on bond floating fCr some
years to come. The Senate had not dis
cussed the bills on their merits. Mr..
Damon in closing said ne did not care
to force the measure, but he did not
care to take back anything
Senator McCandless then expressed
his views, and came the nearest to
making a legislative speech" that any
member has done during the session.
He couldn't see why bill framed ac-
cording to his resolution would hurt the
country. A man who couldn't stand up
for his own credit was bound to have
poor credit With nations it was the
same. Hawaiian bonds were good Sc
curity. Even in it's worst difficulties
the Government had never defaulted in
its interest. The Government had am
pie security for all it's bonds in the
crown lands Mr.. McCandless quoted
from Mr.. Dillingham's article in the
Advertiser, showing that the London
fnanciers were ready to float private
loans at four per cent. He wanted the
Government TO keep a stiff upper lip