The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-06-09
JACK IN WASHINGTON
CONTINUED from page ID

and bonds issued therefor under the
Republic of Hawaii, and which were
assumed by the Territory of Hawaii
These bonds really represent the bal
ance Of Hawaii's debt after Uncle Sam
paid the $4,000, 900 in cash when the
Islands were taken over and annexed
The question of the right of Hawaii
to assume the bonds was fully discuss
ed, and also whether the President
should authorize this issue, as the
funds are not to be used for the pur
pose of improvements under the Ameri-
can administration. But the law itself
provides that the bonds can not be is
sued unless authorized by the Presi-
dent. and in fact l would not. for one
moment think of putting bonds on the
market unless they were similar in
every respect to our previous issues in
regard to the authority and approval
of the President The fact that the
bonds have these qualities gives them
a better selling value as it inspires
buyers with greater confidence in the
legality of their issue
1T was highly gratifying to me to be
able to tell the Wall Street people that
we are living within our income and
that our finances under Gov. Carter's
administration are being put on such
a sound basis. This is shown by the
fact that our securities are SO much
moro highly regarded than formerly
and l have no hesitation in saying
that should the legal difficulty be over
come we ought be able to sell a four
per cent bond at par or slightly better.
Il have not endeavored to sell the
bonds yet, except to call on a few of
my acquaintance in Wall Street and,
as 1 have nothing to sell as yet, to tell
them I shall be back to see them later
on. 1 have spoken to the President
about the desired authorization of the
bonds by him. went over the financial
situation in the islands with him. He
was more than gratified to know of
our ability to refund our debt at a low
er rate of interest, and said enthusiast
tically Good good, 1 am pleased to
hear that
anticipate a great deal more work
in getting the papers for this issue of
bonds in order than there was in get
ting the papers for the public i'm
provement bonds ready"
QUARANTINE WHARF.
Mr.. Atkinson has been urging the
commencement of the construction of
the quarantine wharf at Honolulu. He
called upon the Supervising Architect
OF the Treasury. where he was inform
ed that the plans for the wharf had
been sent to Honolulu and bids
advertised for. to be opened June 10.
Mr.. Atkinson was also told that the
work would probably be in charge Of
Inspector Roberts of San Francisco
who made a visit to Honolulu some
time ago and prepared the plans for
the wharf, 1t was stated at the Super
vising Architects office that the work
would not be placed in charge of Lieut.
Slattery. of the army as has been sug-
gested
THE LEPROSY HOSPITAL.
7 saw Surgeon General Wyman. of |
the Public Health and Marine Hospi- |
tai Service" said Mr.. Atkinson. and |
discussed rather fully the arrange
ments TO be made in the establishing |
Of the leprosy study hospital and lab |
oratories at Kalaupapa. We went ever |
some administrative questions. discuss
I'd plans for erecting the buildings and |
cures. We also discussed the |
matter of nurses. He was not prepared |
to say at present what persons he
would select for that duty and whether |
women would be given that employ
nent
DR. Wyman will leave Washington |
FOR Honolulu in a few days to catch the |
transport Logan on May 81. as he |
wishes to take tho matter ~ With -''a '