The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1913-04-01


with uhYs Reference was made 20
tIe calamity m OHIO and Indiana and
thc hazard whicH accompanies invest.
wents
"lci us hope ho said That we will
o poo guided in our lcgtiaiiou that
hosc conditions viii hc taken into
confederation and That in the event Of
lLe happening oft Che unforeseen tho
smallest stuckholdcf viii not suffer
u was close to eleven q clock when
hartman tcrh Brown announced a
recess of the committee until next
rIVsdav night when further argument
win be heard
Bill Now Proposed.
The bill rs now proposed by the Gov
crnor rs said to be along similar lines
to the one originally proposed by him
With several minor changes and the
elaboration of several clauses which
are deemed important.
\ few Of the most important of the
clauses are given herewith. Section
says:
Extended to 1860.
"That the term of the franchise
granted by Act 90 of the laws of Ha-
wall of 1895 (Chapter 60 of the Re-
vised Laws of Hawaii), is hereby ex-
tended to July /. 1850, subject to the
terms, conditions and restrictions con-
tanned IN SAID act ana all announcements
thereoi'
Commission Created.
One upon which discussion is ex-
pectcd rsads ns followH:
nl2. Additions extensions and inn
provements of rho railway and the
continent and works connected tbere-
with shall hs mazda or acnu;rea nv tho
said cornoration and vvbor 40 made and
acop;rad Az frrnisbad hy otbors .bou
tboreaftcr be maintained ana onerated
NV IL whanoyor after not;ca anJ 40
o,nos,,nits, a. Ls..s - Ill ~
SiI"n."I
s;at;ur 20 ~ G ni.l
"a a. .h;af ;,,st;a ~ TS-.;ty'
tho G.. .;.,,;9 go ~ So
o,;. anS ~, 49, JSus ~ w" go ".
,t;ra oa,aor ~ a. nj. IA ra't,,
'y 49, 49, Va WV ivy "uu ounsy
~ ,,h iio"o I'M. VI les IuNSessV.' " ~"
49,. uvil'y 'oll'i'issloh OF oIher eoui'
..lo'o on aPPVlnteu as ProVlueu IN sec
.;tnxv 40 un;; AZ ~ u 'ne te
| lied by the legislature 10 act in the
matter instead of said commission here.
in created; provided. that said commits.
sion shall not 40 direct unless in ;ta
opinion the earnings Of aa;d cornorn.
ton when MAINTAINING and onerating
such additions. extens;ons and inn,
proyements. together with ;ts nrev;ous.
iy existing railway svstem. will he snf.
ficient for the reasonable exnenaes of
maintenance and onerntion ainking
funds, dividend of eight ner cent neP
annum ON the issue6 stock and the
cash basis fund ma provided in the first
subdivision of Section ~ of tbis act
as amended; and said commission NAV
likewise permit said corporation to
cease the maintenance and operation
Oh any portion OF SAID railway, equip
;'en. anu "oiNs, whenever III its oPln'
l An oII;tio % warrant OF require'
ny "uul'ions, extensions OF improve
merits l"aue 0, acquired by said cor
ro'"elo t n."S oe pald ior IN who're OF
-, 80 paiV , out "a ehrnlhes or the Proseeus
o.h uunus VI .ne proceeus Oh STOCK or
to om WISE as s"iu corPora'ion may 1e'
soia u ,;na: o y, uirec'eu ny
'"'N so"'".s'ion
could FIX Fares.
That dealing with the fares which the
company can charge at the expiration
of thirty years, says:
"2. After the expiration of said
term of thirty years only such fares
may be charged as shall be approved by
said commission, provided that the com
mission shall not require reduction
of fares unless in its pinion the earn.
ings of tho corporation after such re.
duction will be sufficient for the reas-
~