Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1900-04-04

be a great increase of value here. AL
ready, the last week, on the strength of
favorable reports of the canal an in
creased value Of property had been
noted. 1t was not the proper basis, in
| figuring on the income for the coming
two years, to go on the increase of the
past. He was not over optimistic and
| they must act to q certain extent on
the past. II the money was not forth
coming of course 1t could not be used.
He submitted that good roads had more
| tendency to increase values of prop
erty than almost anything else. Every
dollar put into good roads would come
back in year in taxes.
MIR. Damon and the Party.
Mr.. Damon remarked that there were
two facts to be considered. He had
noticed in his banking business that
the country had been passing the last
few months through a very critical
state. Money had been in great de.
mand. There had been a great deal of
speculation bordering on what Ameri.
cans call a boom. It was a rich co,,p-
try, the people were well off, there were
very few poor people. People had
money in savings banks end in bonds.
and loans were being gradually met.
What with the resources of the people
and the patience of bankers we were
on a better basis than we were year
ago. Yet we are not prepared to go
ahead as fast as last year because the
people are more cautious, on account OF
having been In tight pinch. 1t is
true there has been no panic, although
in many cities of the States like cir
cumstances would have produced one.
Quotations of stocks and Of real es-
tate are not fluctuating as they were
year ago. 1t does have a reassuring
effect in this country to know that
there Is a surplus in the treasury, with
the assurance that bondholders will
get their money. When we make
conservative estimate the Council of
State should amend 1t TO make as good
an appropriation bill as possible, but
1t is my duty to caution you. Again
we have to go to President Mckinley
| for approval. II we go to him with
bill ahead of our estimates he would
naturally ask for the reasons, and II
would take some argument to convince
him we were on the safe side. But If
we present reasonable argument
strength. Everything asked of the
Government at Washington so far has
been granted, and they belive that we
are dealing fairly with them. They
are very anxious to make no mistake.
We do not realize their anxiety on our
account. 1t means vote-thousands
of votes. The undergraduates would
jump at chance to show that our at
fairs are not being well managed.
Since becoming an American am con-
scious that we are coming nearer and
nearer to Washington. While do not
say this for the benefit of President
Mckinley or his party, think it Is
right to take his welfare and that OF
the Republican party into considera-
ton.
Compromise Proposed.
Mr.. Jones, while sympathizing with
Mr.. Gears views, quoted estimates to
show that the increase proposed was
not necessary. AS q compromise, as II
was said politics was system of COM
promise, he moved the item pass at
1882 ,529.50.
| Mr.. Gear said Mr.. Jones had got hold
of the wrong estimates. He moved the
item pass as recommended by the COM
mittee.
Mr.. Young did not wish to be mis-
understood. The committee had adopt
ed his original estimates, which were
| for 81 900 900, but all the work could
not be done in one period. He could
not go to the other Islands, and was
rather disappointed at receiving scarce
| ly any requests from there. Only one
I..t