The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-02-27


s5.ooo,ooo. to be expended as the Legs
lature shall direct
The other two bills are those approv-
ed by the Bar Association, and intro
duced at its request.
FIRE CLAIMS AGAIN.
! Senator Isenberg called up the bill
appropriating $50, 900 to pay the expense
OF fire claims, but McCandIess stated
that the introducer, Achf was not
present.
Senator c. Brown objected to the con-
sideration of the bill, or the expenditure
of money for the payment of fire claims
expenses. He stated the the depository
I bill introduced by himself would pre-
vent the government from spending
any money in securing payment of this
money. His bill, he explained. provided
/ that the bonds should be sold at not
less than their face value, and should
be held as security for the deposit
of public funds. This would save
the Territory so. 900, which it was
sought to use in paying a premium
upon the bonds. The bonds were to be
issued by the Secretary of the Interior
and a letter had been sent asking his
consent to their disposition under the
terms of this bill.
This would give the people here
chance to buy the bonds. and also pre-
vent the tying up of large sums of
money in the public Treasury. which
had been responsible for the hard
times. His bill was drawn upon the
plan OF the National Government by
which National banks are made depos-
itories. and the First National Bank
here held 5000 900 of per cent Federal |
\.
also give the government security for |
its money and dispose of the bonds at |
par or above, instead of floating the |
bonds in New York at IS cents on the |
dollar He asked that both these bills |
be considered together.
Senator Isenberg stated that the bill /
was not only to provide for the ex-
penses of the bond issue, but also for
expenses already incurred. A treasury
agent was to be sent here and the !
United States would not pay it, so that |
the Territory would have to bear this
expense, and also for printing the
bonds. He said 1t was important to get |
an agent here with the million dollars.
Instead of overlooking the banks with |
drafts
Senator McCandless stated that he
favored Browns bill, for it was not
q =
money, but that Achi was simply fol-
lowing out the Governors recommends
ton that the money was needed at
once. The people were interested in |
this measure, and there would have to
De some way to defray the expense Of
bringing the money here. He did not
think there would be any harm In pas
sing the bill to its second reading, and
In the meantime they could ascertain
what the money would be required for.
Senator Brown replied that under the
bill the $4,000 was appropriated with
out any provision as to the manner of
expenditure. and he did not believe an
appropriation should be made without
some check.
Senator Paris suggested that the bill
should not be acted upon during the
absence of Senator Achi and Senator
rsenberg thereupon withdrew his mo-
ton
SECOND READINGS.
The following bills were given second
and referred to their respect
We committees: The ava bill, to ways
and means; retail license BILL to mis-
brewing bill, to same com
nlittee; liquor tax remission bill, to
same committee; insane asylum, to
internal health COMMITTEES; labor bill.
TO public lands; dental bill, to health
committee.
Adjournment was taken at noon until
this morning at 10 o'clock
Senators Achi, Baldwin. and Nakaa-
oahu were the absentees yesterday.