Spanish and Portuguese South America during the Colonial Period; Vol. 2 of 2Watson, Robert Grant
History
Spanish and Portuguese South America during the Colonial Period; Vol. 2 of 2
Watson, Robert Grant
America -- Discovery and exploration; South America -- History -- To 1806
About the same time some important changes took place in the commercial
regulations affecting the Spanish colonies. Various relaxations had from
time to time been made of the old system by which the entire trade of
Spain was left almost as a monopoly to the merchants of Seville and of
Cadiz. Periodical packets had been established between Coruña and the
principal colonial ports, with permission to export and to import
Spanish and colonial goods. Direct intercourse was also permitted
between _Cuba_ and the other West Indian Islands; and, in 1774, the
several colonies were allowed to open up a trade with each other. The
above measures originated with the enlightened minister for the
department of the Indies, De Galvez, who had himself passed many years
in America, and who had personally witnessed to how great an extent
Spain was a loser by her former system. They were followed in 1778 by
the promulgation of an entirely new commercial code. The trade was still
exclusively to belong to Spain and to Spanish shipping, and the tariff
was based upon the principle of protection to native industry and of
furthering the sale of Spanish productions. Nine ports of Spain and
twenty-four in the colonies were declared ports of entry.
By these regulations it was likewise provided that for ten years Spanish
manufactures of wool, cotton, linen, steel, glass, &c., should be
shipped, duty free, for the colonies, which might export in return their
principal articles of raw produce, such as cotton, coffee, sugar,
cochineal, indigo, bark, and copper. The duty on the import of gold was
reduced from 5 to 2 per cent.; that on the import of silver from 10 to
5½ per cent.; whilst vessels laden solely with natural produce were
exempted from one-third of the duties. The shipment of certain articles
of foreign production, such as cottons, stuffs, oil, wines, and
brandies, which might interfere with those of Spain, were totally
prohibited. These regulations contained, however, certain clauses framed
in the old restrictive spirit. Some obsolete edicts were renewed
restricting the cultivation of certain colonial productions--such as the
vine and olive, hemp and flax--lest they should compete with the growth
of the same articles in the mother country. The South Americans were not
allowed to make their own cloth, and were debarred from the use of the
wool of the _vicuña_, which was to be collected for the King’s account.
Public-domain text, read in full here on John Shaqi.
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