Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1909-03-26
DEP0SITARY, BILL REPORT
CONTINUED from Pee ~

Continued from Pee y
are made they shall draw interest at
the rate Of not less than per cent.
Furthermore, not more than 80 per
ceen. of the aggregate amount Of
moneys of the Territory shall he
available for deposit and on deposit
shall be deposited in one bank.
For the security Of the funds so
deposited there shall be deposited
with the Treasurer bonds of the Uni
ted States, the Territory, or any
County or municipality. approved by
the Governor and the Treasurer. to
the amount in value of at least 10
per cent In excess of the deposit in
the bank, or industrial bonds such
as are accepted by the courts for in
vcstmcnt of trust funds, to the value
of at least % per cent. In excess of
the amount. of the donOsit.
y \ y a I: II - T. &. = II 50 e = = - 4.
uors without meals after closing
hours and on Sundays and during
election hours by the payment Of the
extra $3.50" are both incorrect. And
the addition to Section II is decidGdt
ly not plainly added to permit res
taurants to sell liquor with or with
out meals"
The statement Is further made In
the summary Of Objectionable feat
urcs of the amendment that the IL
censce may transfer his business
from one precinct to another with
the consent of the Board" There
certainly can be no objection TO the
transfer from one precinct to anoth-
or II the consent of the board is Sc
cured. And, furthermore, the
amendment contains the provision
that This section shall not be con-
strued to infringe upon the rights
of the majority Of the property hold.
ers as In Section IL of this Act lnten-
ded to be saved to them" Section
2 of the Act provides that property
holders situated within a distance oI
one thousand feet In a straight line
from the nearest point of the prem
ises for which the license is asked
must consent to the application for
n license. Therefore, upon an appll-
cation to transfer, the adjoining
property holders may protest against
such transfer and the result is that
the local option Stature is preserved
! obviously the board will withhold
It's consent until the adjoining prop.
erty holders have had an opportunity
to present any protest which they
might desire.
The right of appeal as provided by
Section 35a Is simply calculated tC
protect the licensce from any arbl.
trary action of the board in suspend,
Ing or revolving his license or refus.
| ing renewal thereof And when
+ one considers the reasons for dcsir,
ing such right of appeal one must
come to the conclusion that such de,
/ sire Is perfectly reasonable. Where
the board is correct in its refusal OF
{ Wv ''H'"Ni VI q ll'fnNt " bIbHlN w
| the last one to fear any review OF
its decision; and where its decision
is correct and just the Judge on ap,
peal will no doubt sustain the board
on its findings. But where 1t actS
arbitrarily and its decision is I'M
just, why should not the liCensCC
/ have the right 10 protect his bust
ness which he has established, as
well as preserve the value OF his
stock and merchandise? Where the
/ application for the renewal of q H.
ccnse Is refused the licensee Is de
priyed Of the further right to dis,
I pose of his stock and merchandise
within the Territory. Its value as q
salable asset within the Territory Is
gone, and his only alternative Is tC
sell the same elsewhere, and under
such conditions It can be easily APP
3 preciated that he is in very pre-,
carlOus position.
Furthermore, were he Obliged tC
secure loans In the ordinary bushes
way, those dealing In money would
! refuse to accept his stock us security