Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1904-02-25

issued, Mr.. Fisher made the statement
that all warrants under the six months I,
bill were for salaries and pay rolls. II
was not possible to do away with the
police and fire departments and the
money was necessary to pay for the
living expenses of the families Of the
recipients. On the other hand, no ex-
pense warrants except those under the
eighteen months bill were being issued
and SO far as these were concerned,
there was absolutely no doubt as to
validity. The expense warrants under
the six months bill were being held up
until such time as . test case should
be brought in the Supreme Court and
the matter finally decided.
Governor Carter, addressing himself
to Mr.. Spalding, said that one way out
of the difficulty was 10 keep the ex-
penses down until November SO that
the amount coming into the treasury
would be enough in that month to pay
falf the outstanding warrants. While
the administration could not change
the law, II could reduce expenses
Mr.. SpaldinG,said that the one great
point was to know that the expenses
would be kept down 80 that the out
standing variants could be met in
November.
The Governor answered that he
would give assurance Of that on the
spot. He would see to It that thdfe
would be no deficiency in November
Continuing. Governor Carter stated
that the whole question Of the present
situation rested on credit and con-
fdence. He believed that the doubt at
present In the minds OF the bankers
arose from the fact that the Treasurer
had not made clear statement. II he
could give a clear statement, II would
reestablish confidence.
| Mr.. Kepoikai replied that the state
ment he had prepared had not been
made for the public nor had II been
given out. After the meeting. he made
the statement that he could not present
any statement to the bankers until the
policy Of the government had been out
lined by the executive.
Mr.. Cation said that the legality OF
the warrants at present outstanding
should be established before anything
else was done. Mr.. Fisher replied in
the same strain that he had before, say
Ing further. that during his absence on
hawaii, his deputy had issued about q
thousand dollars worth Of expense
warrants under the six months bill and
these were all that there could possibly
be any question about.
Mr.. Smith, addressing the Cover.
nor. said that the latter had made the
statement that the matter was up Ia
the legislature and that It was not one
for the executive. He would reply ma,
he believed It incumbent upon the Gov.
ernor to call the bankers and monied
men In conference and thoroughly out.
line the situation to them.
The Governor replied that this was
all very well but be did not believe Il
was fair on the part Of the merchants
to saddle the whole burden on the
banks. They should carry part Of
the load themselves.
Mr.. Spalding stated that II the Gov
eminent could assure the bankers the,
can get their money in November the,
would be willing to advance not ONLY
the 100000 but would take the war
rants now under discussion ana thos,
that might be issued in the interim al
collateral.
Mr.. Morgan said he did not believe
meeting Of the monied men was nee
essary. The Government could send
out statement to the banks, slowing
them the amount It would take d up tC
the end Of November, the expenses to
that time and the assurance that theiI
money would be returned to them.
Mr.. Fisher showed that there would
be In the neighborhood Of $500. 900 In
outstanding warrants up to November
and he also showed that the Govern
ment would have in the neighborhood
Of $1,1S5,0O0 in the Treasury, so that
there was no question whatever about
the money being paid.
Mr.. Robinson made the statement
that until the atmosphere was cleared
by the test case In the Supreme Court
the banks would take no expense war
rants.
Governor Carter called attention tc
the fact that the banks were cashina
the salary warrants. Why could they
not cash the others? Mr.. Spalding re
piled that the banks were doing this
to relieve the situation and on the as
surance Of the Treasurer that they
would be paid. On the explanation OF
the Governor he did not believe the
banks were warranted In going that
far even.
Mr.. Kepoikai said that at the last
meeting with the merchants he had
presented statement. Now accord
Ing to the law, the heads of depart
ments could go ahead and expend
money to the full amount Of the APP
preparations made by the legislature
II these heads were limited to certain
amount he could then go ahead and
make a statement to the banks.
HOW JOHN MANAGES THE COOK