The Hawaiian gazette., 1896-05-05
Senate Rejected Senator Nc
Candies Resolution.
REPORT PORTUGUESE COMMITTEE
Minister King Answers Questions.
Dairymen Object 60 Licenses Being
Increased-Rep. winston Presents
Petitien-Cost of Road to Pohoilzi.
Fifty-eighht Day.
MONDAY, May 4.


Senate the clerk read a communication
from the House giving notice of the
passage of several Acts amending the
Penal Code.
Senator Holstein read a petition from
kailua 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
new and proper basis. It would give the
Executive the sense of the Senate, and
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 Warehouse seconded the mo-
ton. The Finance Committee had not
opposed the bills, but objected to some
of the terms made. On 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the table was withdrawn.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-
ton 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 to 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 1t was desired to
make the action of the Senate a prece-
dent. The Senate had acted as it saw
fit. AS to the effect of the action upon
, the Executive, he was not prepared to
state, but thought it would cramp their
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 float
the loan and fail. This failure would
hurt the credit of the country and put
, a quietus on bond floating for 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 legislative speech" that any
member has done during the session.
He couldn't see why a 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
it's interest The Government had am
pie security for all its 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
in financial dealings with outside par
ties.
Minister Damon then stated in so
many words that the Executive could
not attempt to float loan on the terms
named by Senator McCandless.
Senator Baldwin said he did not own
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 it's own credit.
In such case it would be better pre-
pared for annexation. Let the bonds
be redeemed in ten or fifteen years.
Mr.. Damon-Ah, now have it. An
! nexation is just what have been look
ing forward to. do not intend that the
Government shall put unredeemahIe
, 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? I haven't forgot
I 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-e.
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,