The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-08-05
DUTY CASH :.
NOW STAYS
Custom Receipts
In Bank After
Long Wait.
MONEY NEEDED
FOR BIG WORK
Nearly 500, on Hand and
the Growing Demand for
Greater Outlay.

Upon the receipt of notification that
the bond of the First National Bank
had been completed at the Treasury
Department at Washington, the Gus
toms receipts We're at once placed upon
deposit there, and from this time on
this drain upon the financial resources
of the Territory will cease. The nrst
deposit was made Wednesday Of last
week, by Collector Stackable, when a
sum in excess of $4,000 was put into
bank. Each day thereafter such mon
eys as came in We're deposited, until
now the amount reaches the approx
nation of 100000.
In view of the immense works which
are In contemplation by the govern
ment, it is improbable that any re-
ceipts of the custom house within the
next two years will have to be sent to
the Mainland. At the present time the
work of dredging out the opening to
Pearl Harbor is the only considerable
project which is under contract, but
the indications are that before the
year is ended there will be contracts
| for the inauguration of the entire syS-
TEN of improvements which are to
make this one of the foremost of the
national workshops. There are now
appropriations for the construction OF
some of the first buildings upon the
site of the naval station at Pearl Har-
bor and nothing is lacking except the
determination of the suits to start
work upon the machine shops. the
foundry. and the residence of the COM
mandant.
There will be considerable work done
in the way of improvements to the
custom house here, as well as that
which is contemplated at the present.
naval station. and for all this the pay
ments will be made out of the moneys
collected at the custom house 1t is
more than probable that the cash
which comes this way will be allowed
to accumulate until the appropriations
are made for the extensive works
which finally will be authorized FOR
Pearl Harbor, when the money will
have to be paid out on contracts The
ultimate cost of the Pearl Harbor sta
ton is placed at several millions. 50
will be any further draft upon the
cash of the Territory for some years.
The amount of money which has been
sent to the Mainland in pursuance of
the old law, which required all collec-
tions at custom houses to be paid over
into the nearest subtreasury, is esu-
mated at $1.500,000, in round figures.
The first shipment was made thirteen
months ago, and the amounts have
sing since the first Shjnmnnr
was made. The extent of this drain is
shown by the statement that the col
lections, and consequent shipments,
covering the month of June, 1901, were
above $154 900. The collections for July
were smaller, falling little below
$120 900. OF this amount some $4,000
had been sent to San Francisco before
the a 1ouncement of the arrangement
by which the money VIII be deposited
here in the future, stopped the yellow
flow.
The change in conditions was made
possible by the passage through Con-
gress at the last session of law
which amended the revised statutes of
the United States SO as to permit the
depositing in any national depository
of the customs collections in Hawaii.
Porto Rico and Alaska, thus doing
away with the heavy charges on the
shipments of coin.
AS a bill will be necessary for the
reimbursement of the collector ror the
loss of the shipment which went down
with the Rio, plans are being made by
the department officials for carrying
through of this business. bill will be
introduced, granting permission to the
Secretary of the Treasury to issue $50
900 of gold certificates, to replace those
which were lost in the wreck.