The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-04-01
"ORPHAN" FUND
GETS A PARENT
SENATE DECIDES MONEY TO BE
TURNED OVER TO TRUSTEE
McCANDLESs FOUGHT MEASURE

There was some lively debating in the
Senate this morning on the third read
ing of Senate Bill No. 1874 to provide
trusteeship for the "Chinese Fund"
Senator McCandless fought throughout
the consideration of the BILL to secure
it's defeat
Senator McCandless tok the stand
that it was not right that the govern
ment should practically make a present
of the benefit Of his money to some pri-
vate concern. The government should
have the use of the money. He said
that at least the trustee should be re-
quired to pay per cent interest for the
fund. Senator McCandless argued that
if it was not desired to create the
trusteeships under such conditions, the
money might be used to purchase the
equivalent in the Fire Claims bonds
which the Territory is about to issue.
These bonds could be deposited as a
trust fund. He was voted dowa ,on all
of his amendments however.
During the course of debate Senator
Achi raised the point that the bill plu-
vded in Section that the money
should be paid out to persons entitled
to it only upon their leaving the Terri
tory. This was incorrect the Sena tor
thought. The Chinese were entitled to
this money, he thought, fC. the United
States laws gave them the right to re-
main In this Territory, if they had, reg
istered. Properly the money could, in
the opinion of the speaker, be drawn .
down by the Chinese owners az any
time and ii was not necessary for them
to leave the Territory either.
Senator G. Brown considered this a
good point. He said that Senator Nc
Candless' assumed that the fund be-
longed to the Territory. 1t did NOT as
a matter of fact, belong to the Terri
tory. The Territory hdu no more right
to it than he had.
During the course of his argument,
Senator McCandless mad declared that
it was a reflection on the Territorial
Treasurer to take the fund out of tina
custody and put it in other hands. The
Treasurer was perfectly honest and
able to care for the money. In reply
ing to this argument, Senator C. Brown
said that there was no reflection in
tended whatever. The bill had been
drawn, pursuant to the suggestion OF
the Governor, and the men who were
conducting the government with him. !
They had approved of such a bill and
K had been drawn Senators Baldwin. !
Kalauokallni ana Dicitey SPOKE in iav-
or of the measure, as did Senator Achi
all of them favoring certain amend
ments to the original draft.
Section was amended so as to read
that the security to be furnished by the
trustee, snould be approved by the Gov
ernor and Treasurer of the Territory. /
Section > was also amended so that
when the money is turned over to the
trustee the fund shall be accompanied
by proper receipts and vouchers for
the moneys to be paid out under the
act.
The most important amendment was
added to Section s. The amendment
provided that after a period of years,
the trustee is to turn back to the Ter |
ritory, such portion of the fund as
may have been unpaid, said remaining
portion to become. a government redli- /
cation. This amendment was offered /
by Senator Achi with a slight chan
by Senator c. Brown. Senator Achi
expressed the opinion that the greater
portion of the fund would finally revert /
to the Territory, and probably not over
third of it would be called for,
Just before the measure came to a
final vote. Senator McCandless offered /,
an amendment requiring the govern
ment to advertise for bids for the trus-
teeship, the government to receive the
interest on the fund. He declared that
he would pay four per cent for the
fund His motion was lost and then
the bill as amended came up for final
vote and was adopted, all but McCand- .
less voting aye.