The Hawaiian gazette., 1918-03-08

81 the money goes out Of the Terri.
tory and u not enploysd hers for
any work Whatsoever.
This u because Of oar sea isolation.
Everybody appreciates that the nation
~ duty must be performed but with
what nessrvattona. II any, because Of
tnsu,ar conditions, has mot - yst bean
even approximately determined. II Is
appreetable that certain amount Of
money ct 10 work In che community
Win keep the community alive and 70
ing, and win tsnd 10 aasdst the com
nrnnity, In part ~ least, In doing its
share In the future towards the war.
OtherWtDe this ommumity may Be re-
dncsd 10 . ssrious condition By which
u win b. rendered umabls not only TO
property care, feed and cioths itself.
but 10 eontributs or subscribe towards
national pwposes."
saeessts Syndicate
Mr.. Mott.Smith proposed that the
henkars form syndicate 10 take care
Of this loan, heldihg the bonds for a
year, asserting that they would be
believed they could find this 1920 900
w yNhI Hnt, huu mcanWnlle the
work could be started with the $780,
900 on hand. p.
4. Lewis. IT., ce,president and
manager Of the Bank of Hawaii,
brought forward number of figures
concerning money and bond issues now
being cared for, and many. others TO be
taken up, particularly under the front
age tar law, and cited among them
L.
sl20, 900 AZ soon as litigation over the
project is concluded; also King Street;
Fort Street; Alewa Heights, Kalakaua
Avenue extension, Iwilei district, Nc.
Gully, totAlliDg about t770,00D estimat
I'D cost TO the community and A347 900
% the city and county, or about 1900.
900 worth of bonds to be absorbed.
Other projects would bring this up to
over 100000. How many Of those
projects would be put through he, did
not know, but they were proposed.
Demands on Banks
Also, the hanks had definite call
for a 800 900 for the war loan, and
hoped to put through 100000 in
War Savings Stamps, towards which
only tl25,000 had been sold. There
win be calls soon for the Red Cross
fund and there are continued subscrip-
tons for various other funds.
However. he was favorable to the
road project and suggested that the
road be built in two units, going ahead
with the $3.50 900 on hand, and raising
the money for the second later.
"Use this money now, without rails
ing any other obligation or imposing
my additional, strain on the eommun.
ity until we know what the federal
government actually wants ps to do, ,"
said Mr.. Lewis. +. -st
Sssp Machinery Moving
i. Tenney Peck, president Of the
First National Bank, echoed Mr.. Lewis
statement, adding, Everything we
have today is at the disposal Of the
United States, so far as the stern nee
esSities arise. The enemy is at our
gates, the watchmen on the towers are
falling US to grid on our armor"
The machinery Of the community must
be kept moving, however, although the
1rst call on our resources must be for
the federal government.
"Until we know just how much Is
hecessary FOR the government from this
Territory, think we should 90 on
With our study Of the local situation, :"
he said. He suggested that the cor
norations which make extensive use Of
the roads proposed to be built should
take up some Of the financial burden.
| "a. Il. .Goekburn, of Bishop 4 Co.
bankers, said be, was inclined to favor
he sale of the bonds, rs the road was
!, necessity knowing the federal gov.
ernmept q behind the movement
wa Smith spoke in favor Of the
work going, ahead, saying that the
United States kept, large trained force
II armed men here and army work
should be backed up by the commun'
itys -
James T. Taylor favored the road
but on army specifications, the speci-
Aeatiops TO be approved by a commits
mon Of three engineers. -
Bond Issue Endorsed
After several motions and amend
ments were offered and it seemed i'm.
possible to straighten out the tangle
md W. W. Chamberlain, treasurer Of
the Guardian Trust Company, had add
cd his arguments favoring the build.
ing Of the road, favoring the immedi.
ate use OF the S280,O00 as starter
and J. ]. Belser, of the Honolulu Auto
mobile Club, had spoken in favor of
the road, and James D. McInernv came
to tue rescue with snappv arguments
q motion made by Mr.. McInerny that
the chamber endorse the sale Of bonds
the road to be constructed ON war de-
raEtmept specifications. and according
to the plans outlined by Supervisor
Mott Smith. the chamber voted in
"a ~ tha flnta ftnD 30 ha A.