The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-24
THE SENATE.

The Senate INDUCED in a small gale
of talk Saturday just before the noon
recess upon the consideration of the in
heritance tax bill, Senate Bill 80, but
it was not serious, and the session was
rather one of work than of talk.
At the opening of the session, there
was the usual batch of communications
from the House, among them the bill
fixing the flash test for fuel oil at 40
degrees. The House bill sent up passed
first reading by title, taking the ordin-
airy course.
From the special committee on the
liquor bill, Dowsett presented report
amending the bill so as to provide that
in order to secure license the appli-
cant must secure the written consent
of two-thirds of the property owners
within $50 feet in all directions from
the premises where it is desired to sell
liquors. There were some minor amend
ments. The report was laid on the
table to be considered with the bill.
AFTER RAPID TRANSIT.
And then for moment it looked as
if there was going to be war when
Hayselden introduced a resolution cal
culated to stir up the Rapid Transit
But it went very peacefully. 1t was
only a resolution calling for an in
vestigation, and it passed on call of
the ayes and nays by Bishop, that gen.
tleman himseIt ana Dickey alone vot-
ing against it. The resolution was as
follows:
Concurrent resolution in re Honolulu
Rapid Transit and Land Company,
Limited.
Whereas, it appears from the report
of Accountant A. w. t. Bottomley I'M
der Senate Resolution No. II, that the
Honolulu Rapid Transit and Land Co.,
Ltd, has fixed the net cost of the pur-
chase of the Hawaiian Tramways Ltd,
at the total sum of Two Hundred and
Ninetyone Thousand dollars; and
Whereas, the said Honolulu Rapid
Transit and Land Co., Ltd, have fur
nished a list of property included IN
the purchase of said Hawaiian Tram
ways Ltd, unappraised and unsolo, and
not deducted from the cost of said
purchase; and
Whereas, the said Honolulu Rapid
Transit and Land Co., have issued, in
Guiding $1,000 par value preferred stock
issued or to be issued, securities to the
par value of Two Hundred and Ninety
one Thousand Dollars to cover the said
Hawaiian Tramways Ltd. purchase
without the contribution of one dollar
by the common stockholders; and
Whereas, should this valuation stand
nm u oil
ways Ltd. right and franchise be al
lowed to stand at 1854, 1871 as per
report; and
WANTS THE TRUTH.
Whereas, under Section 81, Revised
Laws of the Territory the common
stockholders of said Fcnolulu Rapid
Transit and Land Co, Ltd, may, if I'M
opposed, vote to issue TO themselves
1929, $50 in par value of common stock
without the payment of enc single dol
lar in money, and thus force the Ter
ritory of Hawaii ard the public, if the
traffic will bear it, to pay 1886, S41.91
for the franchise and tight OF the Ha-
waiian Tramways Ltd; and
Whereas. it is the belief of the Leg
islature of the Territory of Hawaii,
that the right to such outrageous ex-
ploltatiOn of the Territory and the
public should be resisted,
Therefore be it resolved, the House
of Representative concurring. that the
Attorney General of the Territory of.
Hawaii is hereby directed to take such
steps as may be necessary to secure a
true valuation and capitalization of the
said Hawaiian Tramways Ltd, pur-
chased by said Honolulu Rapid Transit
and Land Go Ltd and
That the attorney General shall as
certain by proper legal or other pro-
cedure If the franchise of the said Ha-
waiian Tramwavs Ltd. is correctly
valued at 1924. 1871. more or less; and
That the Attorney General shall as
certain by proper legal or other pro-
cedure, if the franchise or rights in
cluded in the purchase of the Honolulu
Tramways Ltd. by the Honolulu Rapid
Transit and Land Co., Ltd, come with
in the meaning of the word "prop-