The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-07-13
WANTS CASH
PAID OVER
ActingGov. Coop
er Makes Forrna!
Demand.
HOW TREASURY MAY
Get NEEDED FUNDS
Protest Of Chinese Consul and Its
Effect Reply Shows How
Cooper Stands.


sand dollars lying idle in bank, which
funds heretofore have always been used
by the Government when there was call
for them, the Treasury of the Territory
and pay interest for the same. This
condition arises from an agreement en-
tered into between Wray Taylor, after
the immigration Bureau of which he
existence, and the officials of the First
National Bank, in which institution the
funds are now on deposit. To compl-
cate matters, the Chinese Consul mis-
the fight and promises to make hard
contest to prevent the cash from leav-
ing the vaults of the bank That this
would be a profitable transaction for
the institution may be gathered from
the fact that the money pays no inter-
est. In case the Treasury Is compelled
to borrow TO meet salary pay rolls, the
expense to it will be about $3.50 month,
as only $4,000 may be SO borrowed.
The pilikia concerning this fund was
discovered June 18th. On that date
Acting Governor Cooper, feeling that
there would come a shortage in the
ready money in the Treasury, called
at the First National Bank, Wray Tay-
lor being at that time out of the Terri
tory, and presented his checks for $780,
900. He was told that the money had
been placed on deposit by Taylor with
the understanding that not more than
S25 900 would be withdrawn at one time,
without notice of sixty days. Mr.. Coop
er at once returned to his office and
wrote a letter to the president Of the
bank saying that it was his intention
to transfer the entire amount to the
Treasury of the Territory.
On that same day he received from
President Cecil Brown an acknowledge
ment of the receipt of the letter, reaf-
firmation of the existence of the agree
ment with Wray Taylor, and finally the
statement that the money would be
turned over to the Territorial Treasurer
at the expiration of the limit of time.
It was in this shape that the matter
rested until the Chinese Consul acting
under a misrepresentation of the situa-
ton, served notice upon Taylor and the
bank that he would make strong objec-
Acting Governor Cooper said yester-
day that he maintained that there was
no ground for any protest The money
held on deposit, which had been origi-
nally in the Postal Savings Bank, was
put there for a specific purpose-the re-
turn of any Chinese who might want
to go back to, their homes Until they
were ready to depart they had no claim
he. Tn in no
ion of the Acting Governor the money
should be used first in purchase of a
ticket for the returning laborer and
what remained should be given to him.
In this view of the matter there would
be no ground for questioning the
tons of the Government until some la
borer had applied for his deposit and
it could not be furnished him Any
money so held was in the custody of
the Territory and the credit of the Ter
ritory was back of it. Any insinuation
that there would be more security in a
private institution would be an attack
upon the credit of the Territory.
The amount of money in the bank,
for which the demand of Mr.. Cooper
was made, is s21S, 36S.50 OF this total
the sum of s123,S22.55 had been depos-
| tied by Mr.. Taylor to the credit of the
Bureau of ImmigI alton and the balance
of $94, 545 % had been placed in the bank
| by Mr. Cooper himself, after the depart
ure of Mr.. Taylor for the States This
| sum is being decreased with each
steamer. Some Chinese are now going
back as their terms of service are ex-
piring- The Doric next week will take
back number of the workers Already
more than twenty have signified their
intention to return.
President Brown of the bank said yes
| terday that the money in question had
been deposited by Mr.. Taylor with an
agreement that it remain on sixty days
notice Of withdrawal Notice had been
served of desire to withdraw and at the
expiration of the time the money would
be paid to the Territorial Treasury.
| Since receiving that notice of with
drawal however, there had been serv
| ed upon the bank the notice of the Chi
nese Consul, and the fact that this had
been received had been communicated
to Acting Governor Cooper. Mr.. Brown
would not discuss the action Of the
bank in view of this notice.
The letter of Mr.. Cooper to the Chi
nese Consul, written upon the receipt
of the notice of protest against the
Ierrltory noIQlnS IN It's own vaults OF
using for it's own purposes the monies
for which it is responsible. is as follows:
"Sir:-Your letter of the Sth inst, adj
dressed to Mr.. Wray Taylor, ex-secretary
of the Board of immigration, has been
referred to m.
1.-THE Chinese who made the deposits
with the Board of immigration in ac-
cordanee with the conditional permits
issued to them by the Republic of Ha-
wall are not entitled to the payment OF
the money so deposited, but in case the
person who made the deposit desires to
return to China the fund is to be ap-
piled for the payment of his passage
and the remainder, if any, paid to him.
st think you have been misinformed as
to the intentions Of the Territorial Gov
eminent in regard to the fund you re-
fer to- The Territorial Government will
tpromptly Droyide the funds for the pay