Philippine progress prior to 1898 : $b a source book of Philippine history to supply a fairer view of Filipino participation and supplement the defective Spanish accountsCraig, Austin
History
Philippine progress prior to 1898 : $b a source book of Philippine history to supply a fairer view of Filipino participation and supplement the defective Spanish accounts
Craig, Austin
Philippines
[164] Jagor gives credit to the two American houses in the Philippines
for the development of the abacá into an important article of
export. These American houses in the first years sank large sums
of money in advance loans, and were only able to get the business
on a paying basis when, in 1863, they were permitted to establish
warehouses and presses in the provinces at the principal points where
the crop was produced, and to deal directly with the producers. Jagor
(Spanish edition, p. 264); Le Roy, The Americans in the Philippines,
Vol. 1, pp. 33-34.
For an interesting discussion of the struggle between England and
the United States for supremacy in the Philippines, and the role
played by the English banks in that struggle, see a pamphlet entitled
Commercial Progress in the Philippine Islands, by Antonio M. Regidor
and J. Warren T. Mason, (1905).
[165] This prefix does not seem, however, to be genuine in the
language, so that the Chinese have mistaken the first syllable Ta for
their own word (adjective preposed) ta "great", and dropped it with
their usual contempt for foreign nations. But all this is conjectural.
[166] apparently Sanskrit ... some such sound as ... Vaisadja.--Parker
(China, London, 1901.)--C.
End of Project Gutenberg's Philippine Progress Prior to 1898, by Various
Public-domain text, read in full here on John Shaqi.
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