The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-04-13
SENATE
Continued From Page one.)

Continued From Page One.)
macists, passed third reading on the
motion of Chillingworth.
House Bill No. 81, the measure te
allow the Territorial Treasurer to de-
post funds in private banks, came uI
on third reading. Senator Moore op
posed the provision of the bill that al
lowed the deposit of an unlimited por
tien of government funds IN the banks
Moore argued that the amount to be
deposited should be limited to so pei
cent. He declared that the Territory
should be protected in time of strln-
geney, and ought to have at least half
of its cash on hand to meet the demands
of an emergency. He argued that the
Legislature would be taking an unwar-
ranted chance, and that registration of
warrants, with accompanying ills, would
follow in the wake of financial
stringency.
Senator Knudsen opposed so per
cent limitation. He said that the
most important preventive measure of
financial stringency was the free circu-
lation of money. He urged that an I'M
limited amount be allowed to go into
the banks and circulate.
Replying to an observation of Sena-
tor Moore, Fairchild stated that dur
ing the reeaRt panic the local banks
were very near the "buzz saw" and
that it was only by the bankers taking
great chances that the panic on the
mainland was not felt in the Territory.
Defer Depository Bill.
Senator Fairchild admitted that the
points raised by Moore seemed to be
well founded, and he asked that the
bill be deferred until today, when
those interested in the measure could
be heard from.
Senate Bill No. 1888, providing for
the creation of a separate fund from
the receipts for the maintenance of
the waterworks and sewer system of
ManolHlu, was taken up On third read
ing
-SeDator Makekau objected to the
siause in the bill that placed full dis
eretionary power in the expenditure of
the money In the hands Of the Super.
infendent of Public Works, with the
approval Of the Governor. He said
that il would allow one official to have
unrestricted control of the improve
ments and extension of the water
works system. Makekau moved to
table the BILL
Senator Moore supported the meas
ure, declaring that it was strictly a
county measure, and would tend to-
ward simplifying an ultimate transfer
of entire control of the waterworks
system over to the county.
Senator Mccarthy opposed the bill
on the ground that it placed too much
discretionary power in the hands of
one official. He added that there was
no specific provision for a sinking
fund, and that the bill as it stood
meant that the wateworks be s9taken
out of the hands of the Territory and
: placed in the hands of the Superin-
tendent of Public Works
Senator Fairchild defended the bill.
He said that it was intended to give
the City and County of Honolulu the
direct and sole benefit of its water
works system. He added that the
. passage of the bill would make it UNI
necessary to bond the Territory as a
whole for the Improvement of a public
work from which Honolulu was to de-
rive the only benefit Fairehild adj
mitted that the bill was placing un-
desirable power in the hands of the
Superintendent of Public Works, but
said that it was one of the weaknesses
that would be more than outweighed
by the benefits of the bill.
Support for Bill.
President Smith took the floor and
supported the object of the bill. Sen
ator Knudsen thought all objection
amendment providing that not less
than 10 per cent. of the gross annual
receipts should go toward the creation
of sinking fund and payment of the
interest on outstanding bonds.
Senator Smith opposed the amend
ment. He stated that the fixing Oh
the percentage to go for the creation
of sinking fund should not be done
arbitrarily, but should be carefully
considered. The amendment was
adopted. Senator Robinson had al
amendment for the insertion of thu
phrase actually necessary before
the clause allowing the Superintend
emf of Public Works discretion in tbs
extension and Improvement of the
waterwOrks system. The amendment
was lost, and the bin passed on sec
ond reading, Senators Makekau, Rob
inson. Brown and Kalama voting
against it.
On Final Passage.
House Bill No 1873, prohibiting tn,
sale of certain kinds of iced fish, pass
ed third reading with one dissenting
vote, that of Senator Knudsen
House Bill No. 173, authorizing pub
lie accountants to deposit funds il
banks designated by the Treasurer o
the Territory received final indorse
ment. after Senator Baker had re
ceived needed enlightenment.
House Bill No. 164, dealing with tn
problem of the restraint of person
accused of insanity and providing fo