The Hawaiian gazette., 1900-06-12
4 aS1qysmwri


the more recent legislation w regard col
Aawaii In the Senate and Houses
HAWAIIAN POSTAL SAVINGS BANK.
In the Senate. May l-Mr. Daniel. A.
am instructed hy the Committee on For
4elgn Relations, TO whom was referred the
bin Is. 1850 to amend and reenact an act
entitled An act TO provide govern
ment for the Territory OF Hawaii, ap.
proved April 3d. 1900. TO report IL without
Amendment and to submit report there
on. l ask for the present consideration
OF the bill. Il is reeommended by the
The Pres dent pro tempore. The bin
will he read In full to the Senate.
The secretary read the bill, as follows
BE II enacted, etc, That sections lOs
and 1903 of the act entitled An act 10
provide government for the Territory
OF Hawaii approved April 80, lgp u
amended to read as follows!
"Sec. 1902. That the laws of Hawaii re-
jating to the establishment and conduct
of any postal savings bank or institution
are hereby abolished. And the Secretary
OF the Treasury. in the execution OF the
agreement of the United States as ex-
pressed In an act entitled Joint resolu-
ton to provide for annexing the Hawaii
an Islands to the United States. approx
ed July Z, 1898, shall pay the amounts on
deposit in the Hawaiian Postal Savings
Bank to the persons entitled thereto, &C
.cording to their respective rights, and lie
shall make all needful orders, rules, and
regulations for paying such persons and
for notifying such persons. to present
their demands for payment. SO much
money as is necessary TO pay said de-
mands III hereby appropriated out OF any
money In the Treasury not otherwise APP
proprated. TO be available on and after
the lst day of July, 1900, when such pay
ments shall begin, and none OF said de-
and no deposit shall be made In said
bank after said date. Said demands OF
such persons shall be certified to by the
chief executive of Hawaii IA being gen
t.I nd n
the same, and his certificate shall be
scaled with the official seal OF the Terri
tory and countersigned by its secretary,
and when the same are paid IN the man
ner respecting payment from the Treas
ury no further liabilities shall exist In
respect of the same against the Govern
sNcnts of the United States or Hawaii
POSTAL SAVINGS BANK.
Sec 1903 All money on deposit in the
Hawaiian Postal Savings Bank shall, on
the lst day of July. 1900. be turned over
by the Government of Hawaii To the
Treasurer OF the United States: and the
Secretary of the Treasury is hereby au-
thorized TO assume charge of all tile as
sets OF said bank and to convert the
same into money. in such manner and in
such time as may. in his Judgment best
suloservc the public interests, ana 10y such
agents as he may appoint. Such agents
snail give good and sufficient bond 10
she United States for the faithful per
Torrance of their duties, in such form
and IN such penalty as the Secretary OF
Inc treasury may Ilte'lih's IN '''''
eys so turned over to the Treasurer of
the United States, and those collected
from the assets of said bank, snail he
deposited in the Treasury Of the United
states to the credit of the Treasurer OF
Vhe United States.
And II Is further provided, That the
Secretary of'the Treasury, In the eNecu,
lion of the agreement OF the United
States expressed in Joint resolution to
provide for anneNing the Hawaiian Isl,
ands to the United States approved
. Hos mr. n 4 N "a
yiod shall pay of the public debt or the
Republic OF Hawaii, lawfully existing AT
tre date of the passage of said JOINT res,
Ulution, an amount not exceeding IN an
st 100000 including the sum required TO
Ray the dcpositors in the Hawaiian Post,
al Savings Bank, as provided IN the ao,
entitled AN act to provide government
ror the Territory of Hawaii approved
April go 1900 as above amended; ana SO
mich money as shall be necessary TO pay
the same is hereby approprated, out OF
any money in the Treasury OF the uniteH
states not otherwise appropriated
DEBATE ON SUBJECT.
There is also hereby appropriated in
like manner such amount as ME- nee nee
osS99ry to pay any "a reS wbrb me United
states may be liable under joint restoIio9s-
ton OF Congress. approved July & lSsS,
entitled Joint resolution 10 proN.ue 49,, 10,
United States ard in addition thereto
an amount not exceeding S2ouw' OF go
much thereof as may be necessary, 10
ra'' no expenses of executing TINS reeo-
luton"
The President pro tempore. Ia there
ohiectic" to the present consideration OF
the bill?
MIR. Hale am afraid that, bin will
give rise to controversy and debate. II
the Senator will Withdraw 1t If II WIN
give rise to debate, ] shall not object to
its cons deration.
''r. Daniel ] can state the gist of the
bill.
or. Hale / do not want the Senator
10 do that. If the Senator does that, IT
will certainly give rise to controversy
but If the bill can be passed without any
debate. ! am willing. that 1t shall be
done, hut not otherwise.
Mr. Spcorcr What committee does tn"
bill come from?
THE HAWAIIAN DEBT.
Mr. Daniel. The bill has been careful
" gore over by the Committee on For
eign Relations, and have been instruct
I'd to report it. 1t is recommended by
the Secretary of the Treasury. 1t is
simply for the immediate execution of
our assumption OF the Hawaiian debt to
the extent of 100000, and 1t provides
that the Secretary of the Treasury shall !
take charge at once of the Postal saw |
ings Bank IN Hawaii, reduce the assets
into possession. and turn the proceeds
over to the Treasury of the United
states. 1t makes the necessary appro-
pISation to enable him to assume the
deht, all of which except about some five
iNTdfpO ana OGt lnousbnu uolhIs - INV
redeenahle. on June Is the time when
Hawaii was TO pay interest on the debt
expires and II We want to prevent an
accumulation of interest we ought to as
anne the debt and make provision Tor
the payment OF 1t beforehand.
Mr. Cockrel. Do we continue the Post
al Savings Bank there?
Mr. Daniel. The bill provides for wind
Ing up Immediately the whole matter.
Indeed, II was provided In the act Tor
the government OF Hawaii-that is, that
IL should cease an active institution,
hut the winding up was postponed until
1901 The bll provides for doing II i'm
mediately. The additional charge In the
ill. I should state, is to the extent or
$4,000 which is necessary TO give me
proper agencies to the Secretary OF the
Treasury TO execute the act and leave
the business all right In every particular
Mr.. Hale I do not object II the bin
does not give rise TO any debate III u
does ] must object.
Mr.. Teller. The bill has been read. but
II has been utterly impossible IN this
part OF the Chamber to know what the
bin contains.
Mr. HALE Mr.. President, l will object