Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-10-19
THE CASE FOR THE BOND ISSUE.

Supervisor Hatch and Supervisor Logan put th,
for the municipal bond issue before the Ad Clul
yesterday with an emphasis which ought TO cleal
up lingering doubts in the minds OF many taxpayers
and voters. ..-: .." T.. -. @.-~ ..>
The Star Bulletin published their talks in full lie
cause they were dealing with the most pressing i'm
mediate question before Honolulu today From their
addresses the following points may he picked out AZ
answering certain objections raised to the bond
plan: ....=:.
- '.@s. BY SUPERVISOR HATCH:
Having demonstrated the truth of my proposition
that the case is one of emergency-how should i be
treated? -s . 80 I'LL" y
Why apply any rule other than any business
Germ would attempt under similar conditions? Apply
to the bank for a small accommodation:
Short term bonds, such are proposed is not put
ting the burden on posterity. II is only asking for
banking advance Moreover it is the quickest method
the county has OF raising money. No>one can tell
how much delay will take place before the legislature
may authorize increased tax rate reapportion-
ment When it does, 1918 must come around before
the increased assessments be made and 1918 must
before the money is in the treasury by that
route.
In time of prosperity-lke the present-we can well
strain point in doing the extra work necessary to
enable to catch up with the game. Once the un
usual, extraordinary and entirely exceptional condi
tons now facing us are met the city and county can
smoothly its current revenue; and can quickly
pay off the loan. Applying the money this way (by
lean) il is made to work for it's redemption.
Taxes will increase directly in proportion to the
amount expended bring living conditions UP the
standard We demand.
The slower the expenditure the slower the increase
In tax returns.
AS taxpayer, and am speaking taxpayer,
advocate matching every dollar raised by bonds by
other raised by increased tax rate until the emery
ency needs have been met.
BY SUPERVISOR LOGAN:
Just word to answer the argument that, in this
piping time Of prosperity should for all these
improvements by a raise in taxes To do so at once
would place burden on the poorer taxpayers which
they would Enthusiastically resent in ways that would
not advance good government Then, do the advo-
Gates Of increase pause to consider the situation
this principle is adopted in future periods of de-
preston when further urgent public Improvements
demanded-or possibly time of public calamity call
ing for financial relief-both official and private?
There should certainly be readjustmen of the dvi
SIGN Of taxation revenues between territory ard NUM-
cpalty. for the benefit of the latter. Yet, to make
Honolulu truly modern city improvements must be
punched in the large-no gradual, pecemeal policy
viii suffice.
A good many citizens who are prepared to vote
for the bond issue the principle that il is sound
financing are not willing to go the length of voting
for bonds for parks, Fairgrounds and baths. Tn
der the questions presented to the voters for deci
sion on November Z, bonds may be voted for water
works sewers and roads but an adverse vote east
on the parks Fairgrounds and baths proposal.