The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1913-12-26
P|NKHAM' S VIEWS
ON TRANSIT BILL
Endorses II Before Committee OF
Hous .----vhlic TO Get the
System in Time.

.
lished report from the government
printing Office. Washington, OF the com
mittee hearings on the Honolulu Rapid
| Transit Bill on December 4. IN which
Governor Frear, l.. Tenney Peck and
Governor Pinkham made statements.
, Governor Pinkham was not quite Gov
ernor, but near enough to it to be so
addressed by the members of the house
| committee on the Territories.
Governor Pinkham's statement be-
fore the committee was:
! "Mr. Chairman and gentlemen,
had quite little to do with
this street railway problem years
| ago and made a pretty thorough analy.
sis of the matter with the officers of
I the company, particularly with Mr..
| Peck, III my capacity as a private citi.
en- and business man of the town.
Public Protected.
"Duiibg this last legislation was
out of the country; | was in the Far
East during the last session of the lie.
| gislatu'o, so | only had what opportun-
| ity my short stay in Hawaii afforded
before | came down here to Washing
ton to look over this matter, and my
information or analysis is scarcely deep.
/ VI IMAM Noul put ptiltl IL
that the people of the Territory and
the commercial organizations were so
thoroughly in interest in the matter
that there is no. question, / believe, that
tLey realize that we have protected the
public in every possible way, and if ]
could criticize it it would only be in
some minor manner that probably is
nj essential. ] would not want to pre-
sumo to open up any questions in the
matter. OF course, my administration
fcgins as soon as the President can
sign my commission. At present l am
not in active administration.
1.-The Chairman-Governor, YOU have
given this bill your careful considera-
Jon, have you noti
Mr.. Pinkham-f have read it very
carefully. / have made my statement
as concisely as possible, and, as / un.
derstand it, the operations of the sink.
ing fund If they are carried out as
planned, mean that the sinking fund
simply discharges the obligations to the
stockholders of their original capital
and turns the property over to the pub
lie, and that, ! understand from Mr.
Peek, i The effect, and Governor Frear
does not dispute me-.
Governor Frear-That is correct.
Mr.. Pinkham-So one could hardly
ask more from community than that.
do not quite agree that they will have
a pile OF old junk there under any cir
cumstauces because the public would
not stand to have it decline into Q
junk pile, even if there was anytpro.
vision for getting money out OF it or
not. 1t is very rarely, that a corpora,
ton has to surrender property without
some reasonable and proper considera-
tion The public does not appropriate
property that way because the com.
panv, presume, would have right to
rem i've their belongings from the street
and lake their movable equipment away
and all that kind of thing. SO that it
has MT particularly impressed me, but
what does impress me is the fact that
) through the sinking fund, in reason
able manner, the public becomes the
poss"ssor Of that railroad unless they
! want to previously make some invest.
) mcnt and get it in their possession
sooner, and that they can do today
practically on the same terms as the
sinking fund.
Approves the Bill.
"Mr. Curry.-Governor, you approve
this bill, then?
"Mr. Pinkham-Yes, sir; ! approve
the bill so far as | have been able to
analyzc it. ] do not say that i have
{ gone ;Eto it in way that | might
n aud be responsible for 1T like Governor
frcar. l'ut there is no reason why
should doubt his wisdom in the matter
In Mr.. Peek S statement. made at the
same time, appears paragraph which
he may have repeated in San Fran
' cisco, leading to the impression tina
. there had been "a new DEAL HI
n said:
"In order to make that still clearer
= as Governor Prnkham suggests, if thu
" sinking fund, through its operation
from time to time, plus interest, wheth
p er paid over to the stockholders mean
while or retained, should equal tn
!, amount of the capital stock, then tn
l city gets this whole property turne
Is over to them as a present for nothing
d The proprietorship of the stakeholder
ID ceases because their proprietorship i
l. that is marked under certain conditions
&c not as seen through the operation O
the sinking fund itself, not marked az
: cording to the physical valuation at al
but through a nominal value of tn
stock, and if the sinking fund equa
that through its operation, then tn
corpus becomes automatically the prof.
erty of the public. II is rather p'
culiar position, but that IL the fact.
Statistics appear to show that me
are more likely to be struck by ligh
ming than women, more than two me
being killed by IT for every woman. b.
II has To be borne in mind that IL
man 5 occupation is more likely to tai
him into the open when lightning
about. II has been observed, howevc
that in group equally composed :
both sexes lightning seoms to refer Il
men; and il is possible TO theorizs
pleasure rs to whether II Is the COZ
paratiyely hight that does H. or sou
protection afforded bv the woman
drcfs, ~ difference In eonductlbilii
between the sexes. The fact that eli
drcn are seldom killed by lightning m
ports 10 a certain extent the first
these theories,
- % - 1880
THp rHIynupNI gnVna