The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-10-30
THE BONDS.


Secretary Carter has returned and has brought the bonds for sigma
ture The work OF signing the bonds has be done in the presence
agent Mortgage Company and
specimen the which Mr. Carter works. within hour
ing their signatures There delay there has
been delay where else when Mr. Carter had his action
The expedition of Mr. proved In every act
has shown energy thought and true business ability which COM
mand One OF leading bankers the other day remarked
he heard of Mr. e" doubt other here could
have done what Mr. Carter has done could not
There apparently people here who have been disposed
criticize the Secretary and to think that he caused delay
AS delay expedition
the conditions he found and the difficulties he had
in friendly quarters and for believe that there any
delay The delay the first place lay this end Our hnan-
a authorities seemed have idea that all had to do
that wanted borrow money and would
pouring IN The legislature had somewhat similar idea The egs-
ave notion that all had to do loan and appro
PIRATE under it, and the would be closed Many the
intelligent public not OF the held similar views Heads de
have received letters upon letters asking why work
has not been commenced since the loan passed. and the money
mad been appropriated And these people were frankly indignant and
thought that their interests being neglected.
1t than doubtful whether would have loan ALL
the leading financial of this city had got together and by the
offer OF paying for the preparing and engraving the bonds
the OF the Territory make of Secretary
the purpose The legislature appropriated printing
engraving the bonds thought expenses
floating the bonds Such beneath
strangely enough the time have the omission
This of the great disadvantages legislature
largely composed Of irresponsible and uned material
statesmen but are OF the very naowes Our House
will aggle pocemans salary pay prison or reformatov
guard the of small landing in obscure part
Maui but when it large financial dealings
may And this not to be wondered when the
of such abre all very say better men,
affairs should be returned You
constituencies will for and get majority
legislature because the
Gent Their standard low high They
ing beyond the expenditure of small and
financial views of the slightest and perfuncorv
There could be upon
legislation than that Of Judge Dillon who employed Secretary
carter to examine and the legal
An examination OF the Legislative records showed that the loan
passed the Senate by the adoption conference
vote OF and At time seemed this difficulty
nupeable and that bonds could be foaed The
however, and the bonds avorabv
said Mr. Carter the judge clearly remarked that
aue cared for advice from he would
action bill should be recorded by comply
the Organic Act Thus small piece legislative very
nearly threw back the public improvements the Territory
two serious this would BEEN we are
already two behind this particular owing the
first Territorial legislature.
But als well that ends we'll The difficulties way the loan
have been swept has been
why the Territory should quota
the loan in cash before the month The
Caer has enabled make saving the which
VIII III two than that his
cost Our financial standing has been
ourselves fortunate reaching the position
Ve months OF the period have by before the
able but we had corresponding
to look out for business might have what
we now have within grasp Secretary thanks
OF this community and particularly of the working much
the loan fund will go into their pockets