The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-06-11

July Z, 1888, at the earliest practicable pc
riod shall pay of the PUBLIC debt OF the
Republic of Hawaii, lawfully existing at
the date of the passage Of said joint res.
olution an amount not exceeding In all
"a, O00O 600, including the sum required 70
pay the depositors In the Hawaiian POST
al Savings Bank, as provided In the act
entitled IAN act to provide government
for the Territory of Hawaii. approved
April 80 1900. as above amended; ana 30
much money as shall be Necessary ~ pay ~
any money in the Treasury of the United
States not otherwise appropriated.
DEBATE ON SUBJECT.
There is also hereby appropriated in
like manner such amount as may be nee
essary to pay any accruing interest on
said public debt for which the United
States may be liable under joint resoiu-
ton of Congress. approved July Z, 1898,
entitled Joint resolution to provide Tor
annexing the hawaiian Islands to tho
United States and In addition thereto
an amount not exceeding 10000. or so
much thereof as may be necessary, TO
pay the expenses of executing thfs reese
luton"
The President pro tempore. Is there
objection to the present consideration OF
Mr.. Hale. I am afraid that bill will
give rise to controversy and debate ~
give rise to debate. shall not object TO
IT'S consideration.
Mr. Daniel. 1 can state the gist OF the
bill
MIR. Hale. I do not want the Senator
to dc that If the Senator does that, il
will certainly give rise to controversy
but If the bill can be passed without any
debate, I am willing that 1t shall be
done, but not otherwise.
Mr. Spooner. What committee does the
bill come from?
THE HAWAIIAN DEBT.
| Mr.. Daniel The bill has been careful
ly gone over by the Committee on For.
eign Relations, and have been instruct
ed 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 t.
the extent of 100000, and 1T provide:
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 Unite,
States. 1t makes the necessary appro
priation to enable him to assume tn
debt, all of which except about some fiv
hundred and odd thousand dollars is nov
redeemable. On June Is the time whel
/ expires: and if we want to prevent al
! accumulation of interest, we ought to as
f, sume the debt and make provision 70
the payment of 1t beforehand.
Mr.. Cockrell. Do we continue the Post
al Savings Bank there?
| Mr. Daniel. The bill provides for wind
ing up Immediately the whole matter
Indeed it was provided In the act 70
the government of Hawaii-that is, tina
it should cease as an active institution
but the winding up was postponed unit
1901 The bill provides for doing it in
mediately. The additional charge in tn
bill, l should state, is to the extent {
200, which is necessary to give til
proper agencies to the Secretary of tn
Treasury to execute the act and leay
. the business all right in every particula
Mr.. Hale. 1 do not object If the bi
does not give rise to any debate. If
does i must object.
Mr.. Teller. The bill has been read, hl
it has been utterly impossible in TIL