Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-10-20
BOND ISSUE IS
AGAIN TOPIC At
AID CLUB lunch
Arguments for and Against the
Proposed Finance Plan
Are Outlined


More light on the proposed city
tond issue was shed at the AID Club
special bond lunch" today-the club
second bond discussion Of this week
The discussion finally developed
INTO a two-sided argument as 10
whether the bonds would be an invest
ment or waste. Those who upheld
toe latter view declared that the in,
crest paid for fhe use of the $780,
ovO would be entirely throw away, al.
dough they all admitted that bonds
iOr water and sewers are a good
ming, but even at that they ali Le-
feyed the money should be obtained
rom direct taxation.
On the other side, however as
stated by w. r. Harrington: Even Il
We are paying 5 per cent, we shall
get IN return for the money 10 or Is
per cent in improvement resulting
rom the expenditure. What we want
70 see is start made" he said, and
when the improvements are completed
the results Will so outweigbt the in
terest paid that there is really little
comparison
). I. Taylor. engineer, spoke along
tnese lines, also showing particularly
that the public will not pay back the
entire interest of per cent for IS
years, but only a portion, as part OF
the $4SO,000 would be paid back each
Year after the first five years.
Taylor said in port:
GOOD roads are one of the hest
assets OF any country, and this stat,,-
ment has been proved over and ov:--
Egain wher IL has been tried out.
The city and county has been
spending approximately $4,000 per
month for repairs and upkeep of the
roads in the city and county of Homo
lulu. This is about one-haif of the
amount which has been spent hereto.
fore on the roads. This condition is
the result: Tho roads are getting
INTO worse condition and the cost OF
upkeep is rapidly increasing.
"The only solution of the problem
Is TO bond for permanent roads; TO
take step forward, and until this is
done We are going back.
The progressive states, counties
and cities have al made, and are con-
tinuing TO make, public improvements
By selling bonds for the public im.
proyements.
In defending the size of the bond
Issue, which some had declared too
small. Taylor went on to say that the
$50, 900 is at present all the condition
+ot labor can stand and as time goes
a and more bonds are issued, it can.
nor be q loss. "Of course, - he said,
the benefit Of the money will not be
seen at once, but only after three or
four years have passed"
Supervisor Horner in speaking for
ne bonds said that the city is spend.
ing each month $4,000 on repairs, but
A permanent roads we're built, the
Dpkeep would only be $50 mile per
rear.
I'd Towse, talking against the bond
plan, said that the Promotion Commit.
tee is not against bond issues but does
not want to see it spent in ways that
will not benefit the city. "The money
from taxes and the territorial reserve
- already available" he said, and,
therefore, / do not believe the bond
Issue should be passed" He also be.
IIeves that under the proposed plan
the money was split UP too much, but
should Be used entirely on water and
sewers. He finished by saying that
he would be In favor of the bonds II
they would do any good, but taken to
1other with the frontage taxes and
regular taxes. the cost would be too
Supervisor Ben Hollinger was then
called upon. He said that when the
finance committee first took up the
matter 1t planned to spend the entire
$4,000 on water and sewers, but as
the committee found il could not all
be spent IN one year, it decided &c
split the money up, believing that il
this bond Issue passed and the people
11u the good derived, they would be
willing to vote another issue, which
would be used entirely on roads, sew.
6rS and water works. He explained
that the 100000 on roads was to- be
used for the county because the front
osc-tax law is taking care Of Honolu-
IA
Brown Against Present Proposal
Raymond c. Brown, secretary of the
chamber of Commerce. gave care
[ully-prepared statement. He. empha-
eI1ed that he is not opposed to bond
ing the city and county-as a princi-
Dle-but that he is opposed to the
present proposal for a $4S0.OO0 bond
issue, because $4,000 gets us no
where" He pointed out the possibility
that at the next bond election the vot-
ers might refuse TO indorse the sue
seeding $4,000. He figured that the
release of the cash basis fund of the
city, and a legislative act to give the
city per cent instead of 2-3 of per
cent, on the taxes, there should be
IN hand possibly by June of next year
t6e0, 900. In general, his statement
rolced the belief that the bond pro-
posal does not assure enough funds
"a get the improvement work more
than well started.
Mr.. Brown emphasizes that he is
rpeaking as a private citizen, not in
his official capacity.