Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-07-18
IN THE WOMAN'S WORLD
SENATE O. KS BILL
Continues from E.se y
issuing capital in excess of $3,5O0.OOO
stock and $780, 900 bonds.
Amendment Meant DELAY.

II
stock and $3,500,000 bonds.
Amendment Meant Delay.
Mr.. McCrosson, as he said in STAR
Bulletin interview the day he return
ed, did not like the amendment - not
because 1t would do the company any
particular harm, as it needed only
$3,500,00O capital altogether, but be-
cause if adopted by the Senate 1t
would compel sending the bill to con-
ference and thus delay it.
Mr.. Thompson, being asked If work
on the ditch would start Immediately
after the bills approval by the Presi-
dent, said there would have to be a
good deal of preliminary surveying
done, as well as some preliminary
financing before actual construction
could begin.
News Of the passage of the bill by
be wirelessed to Mr.. McCrosson. The
firm had not, up to that time, received
any message from E. M. Watson,
whom Mr.. McCrosson left in Washing
ton to watch the bill.
The Committees Report
In the report of the committee on
Pacific Islands and Porto Rico upon
the bill, presented by Mr.. Lorimer
in the Senate on March %, the pre-
amble tos the concurrent resolution of
the Legislature of Hawaii transmit
ing the bill TO Congress is quoted,
also information contained in report
made by Governor Frear at the re-
quest of the Secretary of the Interior.
Conclusion Of Report.
The report of the committee con-
cludes as follows:
''The bill under consideration au-
thorizes an association OF individuals
in Hawaii, their assigns, or such cor
poration as they may organize, to
construct, under proper restrictions
and suitable regulations, this improve
ment to place under cultivation sew.
eral thousand acres of land which
now are of little value. The grantees
are given leasehold of SO years at
the land to be improved in order that
they may be assured a financial re-
turn which will justify the proposed
investment. The right OF the grantees
TO issue bonds to provide funds for
the construction of the contemplated
Improvement is limited in the amend
ment proposed by your committee to
an amount not to exceed the actual
cost of construction of the ditch and
other plant and appurtenances, and in
any event not to exceed $3,500.000.
100 Miles Long. :.
"The ditch for which provision is
made by the bill is. to be 100 miles,
long, with a minimum capacity Of
00,000,0OO gallons of water per day,
sufficient to irrigate $4,000 acres. of
land, and is estimated to cost $3,sSQ.-
600. When completed it is expected
to increase ten times the rental value
of approximately 10000 acres of pub.
lie lands; and at the end of the lease
hold period the land brought under
cultivation. by this Improvement, and
now described as desert will revert
to the Government of Hawaii. with
out cost, in the meantime having in
creased in value twenty-five fold.
Territory Protected.
Provision is made in section 10
that the Territory OF Hawaii may at
duy IlIHe dltSE ~ ycdi . liOH1 tuO COiiir
pletion of the project take over the
ditch with all of its appurtenances
on the payment of assum equal to the
cost of the improvement plus 20 per
cent of such cost, the amount to be
determined by arbitration provided
for in the bill. 1t is aNso provided
-(sec. 49, that at the enoAof the 80
year leasehold period, or sooner if
determined, the ditch and other plant
and appurtenances shall revert to and
become the property of the Territory
of Hawaii without payment therefor
and free of all charges, expenses,
liens, or obligations whatsoever.
"Inasmuch as the rights of the pub
lie are carefully safeguarded in the
bill, the committee recommends its
$500 q