The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1904-12-20
HOW ATKINSON CONDUCTED
THE BOND NEGOTIATIONS
(Mail Special to the Advertiser.)

WASHINGTON D. c.. Dec 5-Secretary Atkinson has gone
New York today continue negotiations for the sale of Terri
toria bonds and have these bonds printed His visit
chiefly connection with the proposed has been very
cesu As ablegams Honolulu already indicated
factory price for the bonds practically Secretary
Shaw granted all that requested in making Territorial
securities acceptable by the in transactions with Nation
al banks
But the energetic secretary from Honolulu during the week
Of his here has attended half dozen other important
ers He has been received very kindly every hand The Pres
dent invited him to luncheon Saturday evening he OF
the of President and Mrs Roosevelt White House music
ale Secretary OF the Interior Hitchcock Secretary Shaw
done all in their to facilitate his mission He has discussed
several Territorial with President Roosevelt who has given
fresh of his friendship for the Hawaiian Islands In
autograph Secretary Shaw regarding the bond the
President began with these emphatic words:
Il most earnestly wish to help Hawaii
Before coming to Washington Mr. Atkinson visited New York
There he consulted with several people in Wall about the
proposed issue The outcome of his visit the whole
encouraging The offers for the bonds very good The
hnanes believed that the Secretary of the Treasury would refuse
to make the bonds available as security for deposits National
Banks and furthermore limited that the Secretary who has lately
given notice that and municipal bonds would be withdrawn
securities for such deposits might include the first issue
negotiated by Gov Carter which selling such satisfactory
terms The New York view however, proved altogether
simistc Having been able to show that nothing of the kind will
be attempted with the first issue of Hawaiian bonds could be
DONE in view of the Secetarys official writing and
furthermore having the Secretay official
privileged government
bonds far security for national bank deposits concerned
Atkinson now deal with the fnances on more indie
pendent basis.
Then the fact that Secretary Shaw has recently withdrawn
about $25oooo of and municipal bonds list priv-
legged to be security for deposits simply enhances the
Hawaiian bonds. They become all the desirable
National banks, because in many particulars they fill
quirements of government bonds.
AS Mr. established himself
at the Albany Hotel he called at the Interior Department. where
he had interview with Secretary Hitchcock Following that after
the pemnares for the official approval of the issue had
been arranged he called President Roosevelt The President
signed the required by the Federal and Territorial
laws for issue OF bonds for public improvements Armed with
from the President Mr. Atkinson talked with Secretary
Shaw who although first little adverse quickly convinced
OF the good for extending the deposit privileges the
Territorial securities In the formal letter. extending
privilege after referring Mr. Ansons request that the bonds
be made acceptable security for deposits banks Secretary
Shaw says:
Il have the honor of advising you this department will
accept these bonds security for such deposits
90 per cent OF their value whenever further deposits be
made and that such bonds time be substituted for United
States bonds held security for such deposits condition
that the United States bonds released be used security for d
ditonal bank CIRCULATION"