The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1901-07-16
WANTS CASH
PAID OVER
ActinsGov. Coop.
er Makes Formal
Demand.

with more than two hundred thou
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
may be forced to borrow at local banks
and nay interest for the same This
condition arises from an agreement en-
tered into between wray Taylor, after
the Immigration Bureau of which he
) had been secretary had passed out OF
existence, and the officials of the First
1 National Bank. in which institution the
funds are now on deposit. To compi-
cate matters, the Chinese Consul, mis-
Iapprehending the situation, has entered
TN. fight and promises to make hard
contest to prevent the cash from leaV-
ing the vaults of the bank. That this
4 would be profitable transaction for
the institution may br 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 ii will be about $3.50 a month,
as only $4,000 may be so borrowed.
The pilikia concerning this fund was
! discovered June Goth. On that GATE
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-
or being at that time out of the Terri
tory, and presented his checks for $780,
GOO. 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s25 900 would be withdrawn at one time,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 ana
wrote n 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
4 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
i under a misrepresentation of the situa-
4 ton. served notice upon Taylor and the
ton 10 any transfer of the money.
/ Acting Governor Cooper said yester-
4 lday that he maintained that there was
! mo ground for any protest. The money
. held on deposit. which had been origi-
: Inally in the Postal Savings Bank, was
nut there for a specific purpose-the re-
turn of any Chinese who might Wan'
to go back to their homes. Until they
were ready to depart they had no claim
upon the money. In fact, in the opin'
ion of the Acting Governor the money
should be used first In purchase of n
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 ac-
\ Itions of the Government until some la
I 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 he more security in n
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 s2lS .36S.5O OF this tota
the sum of sl23S22,55 had been depos-
tied by Mr. Taylor to the credit of the
Bureau Of Immigl alton and the balance
of S94, $40, % 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 eH-
lplrinG The Doric next week will take
back a number of the workers Already
more than twenty have sgnihed their
intention to return.
President Brown Of the bank said yes
terdav that the money In question had
been deposited by MIR. Taylor with an
agreement that II remain on sixty days
notice Of withdrawal Notice had been
served Of desire TO withdraw and Mt the
respiration 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
uese Consul, and the fact that this had
been received had boon communicated
Ito Acting Governor Cooper, Mr.. Brown
would not discuss the action OF The
bank I'm view NJ this notice.
; The letter NJ Nr Cooper 90 the chi
nosa Consul written upon the receipt
0f tho notice ~ protest against the
TERRITORY holding Tho US own vaults nv
usnr FOR its own purposes the monies
for which II rs responsible. ls as follows
"Sr.-Your letter of the sth inst, nd
!, dressed ~ Mr. Wray Taylor es-srcrrtnry
, ~ me Board of immigration, has been
Preferred 90 m,
= "rne Chinese who made the deposits
vu the Board ~ lmmlErauan ln acc
moe with me- conditional permits
- f1 htm ly the Republic ~ iiay
HHi entitled % the payment ~
..F s1 deposited hHi in case tho
.H made the deposit dssifrs to
H n|ua ttr fund q 90 he apo
I.. payment W De ppsraHnl
Homo irtuE n any pait ip hmr
HI || hHNr pFru mlHlufarWri Hr
.I..f. HrH ~ tNH Territorial lnt
|HHr Hari tn iba FUND 500 ffr
IHF IH. rrrIlinrlsl a HffnWfHi Wll
|urW.H 49, ihr iuHas fnf ihH rRl'
|W.UI .iHHIFs f1 hh.HH ~ fH.n
|H.I..HH# #.. Nr Az fHHIh H. IFaFF Iii