Of all her foreign possessions, the Philippines have cost Spain the least blood and labour. The honour of their discovery belongs to Magalhaens, whose name is associated with the straits at the southern extremity of the American continent, but which has no memorial in these islands. Now that the glory which he gained by being the first to penetrate from the Atlantic to the Pacific has been in some measure obliterated by the disuse of those straits by navigators, it would seem due to his memory that some spot among these islands should be set apart to commemorate the name of him who made them known to Europe. This would be but common justice to the discoverer of a region which has been a source of so much honour and profit to the Spanish nation, who opened the vast expanse of the Pacific to the fleets of Europe, and who died fighting to secure the benefits of his enterprise to his king and country. Few portions of the globe seem to be so much the seat of internal fires, or to exhibit the effects of volcanic action so strongly as the Philippines. During our visit, it was not known that any of the volcanoes were in action; but many of them were smoking, particularly that in the district of Albay, called Isaroc. Its latest eruption was in the year 1839; but this did little damage compared with that of 1814, which covered several villages, and the country for a great distance around, with ashes. This mountain is situated to the southeast of Manila one hundred and fifty miles, and is said to be a perfect cone, with a crater at its apex. It does not appear that the islands are much affected by earthquakes, although some have occasionally occurred that have done damage to the churches at Manila. The coal found in the Philippines is deemed of value; it has a strong resemblance to the bituminous coal of our own country, possesses a bright lustre, and appears very free from all woody texture when fractured. It is found associated with sandstone, which contains many fossils. Lead and copper are reported as being very abundant; gypsum and limestone occur in some districts. From this it will be seen that these islands have everything in the mineral way to constitute them desirable possessions.