Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-04-02

be noted, however, that this franchise
was exclusive, and In reviewing the
dividends paid from earnings, 1t will
be seen that the first Ave years OF the
company's operation no dividends were
paid; during the sixth year 81 per
cent during the next two succeeding
years 10 and 1916 per cent These div
idents were paid under an exclusive
right to furnish electricity, II is also
worthy of notice that during the three
years quoted above in which dividends
we're paid, that the service of the COM
pany was very poor, In the face OF O
short term franchise. The granting
Of a long term franchise would have
enabled the company to have kept up |
Us service to a high standard during |
all the period of its operation, and we |
believe that company operating under i
u long-term which is not exclusive, can |
Ill afford to invite competition by
charging prohibitiye rates, and the
service at all times must be of high /,
standard or the company will lose their |
! privileges.
Hawaii at the present time is pass
, ing through a period of depression in |
all financial matters, and the invest.
ment of foreign capital should at this
E time be eagerly sought, and the Leg.
islature can i'll afford to sacrifice vest.
, ed rights. Investments in quasi.public
g corporations are widely held by invest
ors in the States, and Legislation
y against such corporations will have a
r strong influence toward preventing in.
!, Sestments in the Islands. In many of
e the Easter States quasi.public corpora.
4 tons are placed on an entirely secure
e foundation and II is the experience Of
b many cities that where exclusive fran.
4 chises are granted and but one invest.
ment made. the best and cheapest ser.
g vice is rendered.
u Your committee finds that there Is
a strong feeling in this city against
granting franchises for longer period
Q than ten years.
AS large corporation of a quasi.
! public nature, such as this is, should
II not be subject to the whims of nearly
J. every succeeding Legislature, your
y committee suggested In its partial re.
port that the term be limited to fifteen
. years, but suggests that even that IL
y very short and so begs leave to submit
u herewith a statement taken from the
70 supplement to the Commercial Chron.
" lcle OF June 20, 1901.
le Your committee believes that the
" payment of 2 1-2 per cent. on the gross
receipts is a fair realization for the
~ Government, and that the interests of
- the people are well protected and safe.
~ guarded by the provisions of this Act.
" Your committee suggests the fol.
= lowing amendments: Section 4, line
q IL, strike out all the words after the
% word company. down to and including
u the last word of that section. And
with these amendments your commit
tee recommends that this bill do pass
% IS. KELIINoI.
~ "(Chairman)
ERIC A. KNUDSEN,
~ m. X. KEALAWAA.
"a 81 do not concur.
III -. NAKALEKA."
Report of Public Lands Commission
on House Bill So, relating to fran
~ chise for Hilo electric road The
NO committee recommends that inasmuch
~, as this bill is identical with Senate
90 Bill 4. that this House bill be tabled
NJ and the Senate bill adopted. The re
port was adopted.
ho The same committee reported favor
~ ably on House Bill 33, relating to the
h. construction of telephone system In
the Territory Of Hawaii 1.-THE STANDARD
Coz. The report was adopted.
Leper Commission.
The discussion of the latter part Of
the morning session was on the sub
ject Of the bill providing for a leprosy
commission of three as introduced by
~ Mr., Vida. The bill came up on the or
a. der Of the day and there was imme
adj diately a kick on the part of Mr.. Kupi
d. hea, who wanted the measure killed
o. right away on the ground that there
he was nothing In II which defined what
IL leprosy really was. There were mo
ed tons to pass, motions to reject, ant
ty motions to defer consideration, out tn,
r. one which finally passed was that o.
re Mr.. Paele, which was TO the effect thai
IT. the bill be again referred to a specia
ed committee. There was an attemp
en- made by both Mr.. Kumalae and Mr.
n Andrade to make the bill acceptable
n by making the number on the examin
,ly ing commission five instead OF three
Is. as provided by the bill, but this did no
on seem to meet the fancy of the majorit!
he Of the members Of the House. Speaker
he Beckley said that the present form o
100 examination by the Board Of Health
"a.