The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1912-06-11
REAR WORKING
FOR BOND ISSUE
Orders 10 Treasurer Conkllna
Nay shVw Political Trend
at Washington.

With the one Hawaiian political is
sue, the appointment or reappointment
Of Governor almost as doubtful ~
the national issue at Chicago, terri
torial finances have become about tac
only index to the situation aud the
next step TO be announced from tho
treasurer q Office is being eagerly
looked forward to by the politicians.
Governor Frear is now working In
Washington over the plans for bond
issue which is to be floated within the
next several months and which is now
made absolutely necessary by the
depletion of the treasury of all loan
moneys. He has been supplied with all
the requisite information and is be-
lieved to have seen the President be.
tween the time he received that in.
formation from the Acting. Governor
and the present time.
The law makes ii necessary to oh
tain the sanction of the President to
any bond issue contemplated by the
Territory. 1t is this sanction which
Governor Frear is now in Washington
to get together with the, personal fight
made against him by Kuhio, which,
however, he is not expected to take up
fully while there, leaving it to the de-
cision of the secretary of the interior
when he visits Hawaii.
Upon the Governor obtaining the
sanction his orders to Treasurer Con-
king may be expected to show in some
way how the wind blows in the national
capital with regard to his own reap
pointment and it is this which local
politicians now await.
If the Governor decides to float the
issue at once, it will be necessary for
Conkling to proceed East almost as
soon as he receives the notice. 1t is to
be assumed that any such action taken
by the Governor would be the result
only of his conviction or assurance that
he is to succeed himself. If Conkling
does not go East, it is safe to say that
the Governor does not wish to take a
step that might embarrass his successor
as the bond issue which is now being
| planned is matter which effects the
administration during the next six
months or year. Long before that,
it is certain, an announcement as to
the governorship will be made from
the White House.
| AS the letting of the Hilo wharf con.
ltract took practically the last of the
loan fund money, the new issue is
practically demanded and the Governor
is therefore merely fulfilling the de.
mands of his office when he takes the
preliminary steps which are defined by
law. The actual hotation, however,
can be made in various ways and that
the "new' Governor should denote
that way is the opinion local officials
believe Frear is acting upon.
The legislature made appropriations
for $3,797,240 in public improvements,
all of which is to be met with bond
money. The issue of $l,5OO,0O0 aoated
last year, which is now exhausted
leaves the treasurer still to raise 49,
1924 by bonds. Under the Organic
Act only a certain per cent of the as
sessed value of the Territory can be
raised in any one year and this amount
this year is $1,750,0O0. This leaves
still a little over a half million to come
BY the time the Territory can legally
float bonds to cover that amount, the
Legislature will have met again and
something more may have happened.
-s-<-o.--