Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-04-20

OF STOCK were abnormal.
"a large business house here that in.
vests considerable foreign capital in
our local securities has informed your
committee that this stamp tax is so
Objectionable to its clients that they
are compelled to withhold making in.
vestments here until this tax is re.
moved. The revenue derived by tho
Government from this tax is so small
that the question resolves itself down
to this: Does the revenue derived by
the Government from this tax more
than Offset the advantage to this Terri.
tory of the investment of foreign cap.
ital (Which objects to this tan in the
development and Improvement of our
resources? Your committee does not
believe that II does, and. in conclusion.
we recommend that this bill pass.
wv. W. HARRIS,
FRANK ANDRADE.
JONAH KUMALAE."
The Finance Committee introduced
the following Acts, which passed nrst
reading:
!. An Act making appropriations for
salaries and pay rolls for six months
from July |, 1908, which will end with
December 81, 1908.
2. An Act making special approprla.
tons for the departmental use of tho
Territory during six months from July
!, 1903, which will end with Decem.
Der 81, 1903"
Report of Public Lands Committee
on Resolution "a. asking that the com.
mittee he instructed to inquire into the
facts concerning statement in tho
press that the new Kapiolani Memo.
rial building encroaches to some eX.
tent on the public way of Alakca
street. tabled
| Your committee has taken good
deal of testimony and collected guam
tity of data concerning the merits OF
the controversy between the Superin'
tendent Of Public Works, and the own
ers of the Kapiolani Memorial Build
| ing and submits the same herewith,
but your committee doubts the proprie.
ty of filing a report at this date which
might prejudice an issue that In its
opinion is purely a question for the
courts to decide.
Your committee furthermore finds
that the fee of the land lnvolvHl in
this controversy Is vested in the Unit
ed STATES. II there has been the on.
croachment as claimed, and therefore
does not see how this House could de-
termine this question without the co
operation of the United States"
Kauai Bill Passes.
Under unfinished business, House
Bill 1871, providing for railway on
the Island of Kauai. was taken up III
third reading. Mr.. Kumalae moved for
indefinite postponement, advancing as
his reason the fact that section IL, pro
viding for exemption from taxation
had not been removed. His attention
was called to the fact that Mr.. Jaeger
the introducer of the bill, had agreed
to withdraw the section. Mr.. kuma
lac asked Mr.. Jaeger If that was his In
tention the latter replied that he hat
conceded the point only to save the
bill. Speaker BeCkley stated that tho
section could not be removed from the
bill unless there was a reconsideration
OF the vote taken last Saturday which
was against striking out the section.
Mr.. Fernandez said he was in favor
of the bill without section 10. The
rich and the poor alike should be tax
ed II II was the intention of the Gov
eminent to see that an equitable sys
TEN was carried on in the country. The
Government bad suffered all manner
of loss from granting 20-year eXemp'
ton to the o. X. & l.. Co. He did no
want to see such thing repeated.
Messrs. Aylett and Gandall and he
liinoi made a strong fight for the bill
emphasizing the good that would re
suit to the people at large on Kauai
Mr.. Gandall said II was not only tho
rich people who were concerned. Tn,
whole of the Island OF Kauai was in
terested in the bill.
Mr.. Kumalae again made his motion
tc indefinitely postpone and was abou
,, to speak, when Mr.. Kupihea moved thu
previous question. This carried ant
the motion to indefinitely postpone
was lost by vote OF 7 to 10. as fol
lows, the speaker not voting, ant
Messrs. Chillingworth, Haia and Keala
waa being absent:
Ayes-Messrs. Damien, Fernandez
Kaniho, Kumalae. Lewis, Long ant
Paele-7.
Noes-Messrs. Andrade, Aylett. Gan