History of Central America, Volume 2, 1530-1800: The Works of Hubert Howe Bancroft, Volume 7Bancroft, Hubert Howe
History
History of Central America, Volume 2, 1530-1800: The Works of Hubert Howe Bancroft, Volume 7
Bancroft, Hubert Howe
Central America -- History
Hitherto there had been a large and lucrative traffic with the
Philippine Islands, yielding often six-fold increase to the fortunate
trader.[XXII‑11] But the cupidity of the monarch prompted more and more
restrictive measures, until it was altogether forbidden to Panamá, and
indeed to all the West Indies save New Spain, the king being determined
to have what was known as the Asiatic trade monopolized by Castilian
merchants.[XXII‑12] No Chinese goods were to be brought to Panamá and
the other provinces, even from New Spain. None were to be used there,
except such as were in actual use at date of the royal commands, and
any surplus was to be carried to Spain within four years.
Of course the American provinces were gradually developing home
industries, and bringing into the market home productions that
displaced to a certain extent goods from which Spain had hitherto
made large profits. Thus Peru supplied wine, leather, and oil; soap
was manufactured in Guayaquil and Nicaragua; Campeche yielded wax,
Guayaquil, Riobamba, and Puerto Viejo, cordage for ships, and Nicaragua
a good quality of pitch. Quito and other places manufactured cloths,
and New Spain silken and woolen goods. Had Philip adopted a generous
colonial policy he would have fostered and profited by these new
industries, but all fiscal regulations looked to the advancement of
Spanish commerce without regard for the development of trade within the
colonies.
[Sidenote: WINE AND TOBACCO.]
Two commodities were watched and guarded with peculiar jealousy—wine and
tobacco. Peru produced a wine that found favor with many and obtained a
ready sale. In an ordinance of Philip II. dated the 16th of September
1586, no wine but that imported from Spain was allowed to be sold on
the Isthmus; nor was it to be mixed with wine obtained elsewhere. The
penalties attached to infringements of this law were heavy fines and
even perpetual banishment. The reason assigned for these measures was
the injurious effect of Peruvian wine upon the public health, but the
real motive was the prejudicial effect of its sale upon the Spanish wine
trade.[XXII‑13] Tobacco was a monopoly of the crown, and one rigidly
protected, its sale, importation, or cultivation being forbidden under
severe penalties.[XXII‑14]
Panamá imported most of her provisions, and the difficulties in
obtaining a regular and cheap supply were augmented by the monopolies
acquired by wealthy merchants who were enabled to control the market.
New measures to correct this abuse were continually adopted, and as
often evaded or violated.[XXII‑15] The scarcity of provisions sometimes
caused distress approaching to famine, and at certain seasons was liable
to be aggravated by the crowds of travellers and adventurers who crossed
the Isthmus.[XXII‑16] Peru was the great source of supply and the trade
with that country was the subject of frequent cédulas addressed to the
viceroy.[XXII‑17]
[Sidenote: PEARLS AND GOLD.]
Public-domain text, read in full here on John Shaqi.
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