The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-01-05

I today, no one knows what particular
| items are to be expended under the
! appropriation bill, or what items are to
be cut out. The Territory demands
after having pledged its credit for the
bond issue. that the money be spent,
and in conformity with the wishes of
the Legislature, unless a contrary of
opinion be received from the judiciary.
The Loan Act, which was passed by the
last Legislature, Act No. II, says:
Whereas to meet the requirement of
the Territory for the erection and inn
provement of public buildings, and edu-
cational institutions and for wharves,
| road, harbor and other public improve
ments, it viii be necessary to effect
loans from time to time by means of
the issuance Of bonds. and
Whereas, it is necessary that all
loans to be effected hereafter should be
eft ted, and that the bonds to be is
sjeol. therefor should be issued in con-
forTnity with the Act Of Congress pro-
viding a Government for the Territory
of Hawaii, approved April Goth. 1900.
and that the authority to effect such
loans, and issue bonds in respect there
of should be given in d uniform man
ner,
Now. therefore, for the carrying out
OF the purpose above mentioned,
Be it enacted by the Legislature OF
the Territory of Hawaii,
Section l. That the Treasurer of the
Territory is hereby authorized and en-
powered. with the approval of the Gov
ernor. to issue from time 10 time bonds
Of the Territory of Hawaii with inter
est coupons attached thereto. to an
amount not exceeding Five Million Dol
lars, the principal and interest to be
paid in Cold Coin of the United States
of America or its equivalent, at its
present standard OF weight and fine-s
ness. in the manner, upon the terms.
and for the purposes in this Act stated.
Section ?. No such bonds shall be
issued except in pursuance of an Act
OF the Legislature defining the pur-
poses for which the same are to be is
sued, nor until approved by the Pres
ident.
Section s. The proceeds of the bonds
SO issued shall be exclusively devoted
TO the purposes for which the same
are issued, as expressed in Act of the
Legislature. under which the issue Of
the bonds is authorized.
This Act was approved and became
law. The Legislature passed a Loan
Appropriation Act defining how the
money received under the above Loan
Act should be spent, and now the COM
munity is told that a large proportion
of the money received from the sale
OF bonds is not TO be expended. as the
Governor IS OF the opinion that they
are items. which are county improve |
ments and should not be paid for by
a Territorial loan And so this inter |
probation must stand presume, and |
the policy of retrenchment be carried in /
to the Loan Act The viii of the people |
as TO the expenditure Of this money has |
been expressed through the Legisla- I
ture, and the attitude of the Governor
in this matter is wrong. II is not a
part Of his duties TO interpret the law.
but 10 execute IL. It seems strange
how many ways a person can look at 4
things The Governor is for retrench-
ment. and has cut out clerks and cut |
down salaries. and is trying TO econo-
nize as much as possible. and yet on /
the very eve of the County Act going 4
INTO effect, the Public Works Depart