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

, made, and 1918 must pass away be.
1 fore the money is in the treasury by
that route
| The Factor Of Prosperity
In time OF prosperity-like the
present-we can well 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 AS are met, the city and com.
| " can run smoothly on its current
revenue. and can quickly pay off the
loan. Applying the money this way
Thy loan it 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
shower 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 Ia.
| Every available and straightfor-
ward financial expedient possible
should be adopted Remember, Cali
fornia has raised $1S,000,0O0 on bonds
for roads. and is voting next month
on an additional issue of $15,000,00
Remember that Rome built roads
| four feet in thickness of solid rock
| and cement
Our road problem is limited by the
| small area of Oahu. We can see the
end of our necessary expenditures for
/ belt road, and main thoroughfares.
These completed, the emergency will
I have passed.
T Who wants to block the way?"
ogan Speaks for Bonds
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
Tissue 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 aid the Waikiki sewer unit
are portions of large general schemes
for perfecting the respective systems.
The item for the belt road COM
bines the merits of true economy in
highway administration and feproduc-
tiyeness of 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
inv estment in municipal assets cer-
tain to become immensely enhanced |
az the years go by. These are the
items for purchase of two parks and
for improvement of the public baths. |
Emergent Needs Voiced IN
I'VE propose 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. nre
One of the first considerations in
a matter of this kind is how to pro-
vide for the repayment of the loan. I |
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 80 81
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
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, sinking fund |
should be provided by setting apart a |
certain amount % available road funds |
each war THE IL tho noiinv adoufod 1