Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-10-18
CITY OFFICIALS AR6UEFORBOND
ISSUE BEFORE AID CLUB LUNCHERS


made, and 1918 must pass away be.
fore the moneg is in the treasury by
that route. -..-. ~ ~. . i.
The Factor of Prosperity
In time OF prOsperity-like the
present-we can we'll strain a point
in doing the extra work necessary TO
enable us TO catch up with the game,
Once the unusual, extraordinary and
entirely exceptional conditions now
facing us are met, the city and coun-
" can run smoothly on its current
revenue; and can quickly pay off the
loan. Applying the money this way
(by Loan ii is made to work for its
own redemption. Taxes will Increase
directly in proportion to the amount,
expended TO bring living conditions up
to the standard we demand.
The slower the expenditure the
slower the increase in tax returns.
LAS a taxpayer. and am speaking
as a taxpayer, advocate matching
every dollar raised by bonds by an
other raised by an increased tax rate
until the emergency needs have been
met. ..... .-... &c.. s..<t>. =.
Every available and straightfor-
ward financial expedient possible
should be adopted Remember, Cali
fornia has raised $1S,000,00o on bonds
for roads. and is voting next month
on an additional issue of $15,000O00.
Remember that Rome built roads
four feet in thickness of solid rock
and cement ...s...at. =
Our road problem is limited by the
small area of Oahu. We can see the
end of our necessary expenditures for
a belt road. and main thoroughfares.
These completed, the emergency will
have passed. -. H..
who wants to block the Way
ogan Speaks for Bonds - T..
Supervisor Logan said: +.
There are three classes of public
improvements, divided into seven
parts, each of which is to be voted
on separately, in the municipal bond
issue proposals. Water and sewers in
two items comprise improvements
that are absolutely essential for the
comfort and health of large sections
of the city. Both the NuUanu filtra-
ton plant ard the Waikiki sewer unit
are portions of large general schemes
for Icrfrcting the respective systems.
The item for the belt road COM
,bines the merits of true economy in
highway administration and reproduc-
tiyeness of a great tourist promotion
asset, besides being an emergent ne
cessity for taking care of the enor-
mously increasing commercial traffic
of that great trunk thoroughfare.
Last four of the items comprise
important elements of public welfare,
of civic progress and of advantageous
investment in municipal assets GER
tain to become immensely enhanced
as the years go by These are the
items for purchase of two parks and
for improvement of the public baths.
Emergent Needs Voiced
I'VE propose a bond issue for these
purposes because they are all emery
ent needs and the current revenues of
the municipality are not sufficient to
meet them all at once.
One of the first considerations in
matter of this kind is how to pro
vide for the repayment Of the loan. l
submit that all of the items in these
proposals may be paid off without
adding to the burden of taxation.
There are two broad classes of sinking
| fund provisions into which these loan
items should be divided One is where
the payments are charge upon some
specific public service, such as roads
or. water. The other is where the
payments are made dependent upon
| the general revenues. #,'S
Water and sewer service in Homo
lulu are. by the law transferring them
| to the city and county, Joined as one
self-contained department, which
| should, stand upon its own financial
legs both as to maintenance and re
funding to the territory the bonded in
debteGness incurred for improvements
made before the transfer. Therefore
the first two items must be consider
| ed apart from consequences to the
! general revenue.
| Road Construction s. It'll.
! Money for road construction and
maintenance comes out of the general
! revenues and the special road tax, all
expenditures from the latter source
being required by law to be expended
/ in the respective districts where col
| lected From the start of county gov
eminent the rule has been to give
roads the entire residue OF revenue
after all the other services of the
county had been provided for. Pro-
vided this or any future loan proposal
for roads be carried, a sinking fund
should be provided by setting apart a
certain amount o. available road funds