The Philippine Islands, 1493-1898 — Volume 19 of 55: 1620-1621; Explorations by early navigators, descriptions of the islands and their peoples, their history and records of the Catholic missions, as related in contemporaneous books and manuscripts, showing the political, economic, commercial and religious conditions of those islands from their earliest relations with European nations to the close of the nineteenth century.
History
The Philippine Islands, 1493-1898 — Volume 19 of 55: 1620-1621; Explorations by early navigators, descriptions of the islands and their peoples, their history and records of the Catholic missions, as related in contemporaneous books and manuscripts, showing the political, economic, commercial and religious conditions of those islands from their earliest relations with European nations to the close of the nineteenth century.
Demarcation line of Alexander VI; Missions -- Philippines; Philippines -- Discovery and exploration; Philippines -- History -- Sources
To the second reason--that, as they say, much silver passes to the
Filipinas and does not come to Espana--it may be answered that the
fact is that, to obviate this difficulty, your Majesty has ordered that
the citizens of the Filipinas Islands, in order to support themselves,
be permitted, in return for the merchandise which they send to Nueva
Espana, to have sent back to them 500U [_i.e._, 500,000] pesos of eight
reals; and in the course of this, it is said, a much greater quantity
passes. As it is an easy thing to increase the zeros in an account,
in this manner they have increased it more than double and triple,
basing their figures on what was written to this court by an auditor
of the Filipinas, who was alleging services so that favors might be
granted to him. He said that when he was going from Nueva Espana as
commander, and the capitana in which he sailed was wrecked, he had
placed the commercial silver in a place of safety, and there were three
millions of it. The truth is that he exaggerated this to enhance the
value of his service, increasing the sum by more than half; for from
us, who were there, this matter could not be concealed, and there
has never passed so much silver as in that year. If this service was
placed at such figures, it deserved a heavy punishment, and not the
reward which he seeks. Since that time it is true that as much more
passes, to Filipinas, by the permission which your Majesty gives. The
causes of this excess are two. In the first place, the necessity of
the citizens, who are unable to support themselves with so small a
quantity, or to gain profit in trade; since, if there are no more than
five hundred [thousand pesos] they need all which is sent them for
their living alone. Accordingly, even at a great cost to themselves,
they seek means to get profits from their property. The limitation of
this permission entails a difficulty which I have mentioned; for in
the first place measures must be taken to enrich them, since it is
of so great importance to kings that their subjects should be rich,
while the poverty of the latter causes such diminution of their
power. If this reason holds in all the kingdoms of your Majesty,
it does so much more in that one which is so distant, where, when
necessary, they lend to the royal treasury on occasions of need--as
they did last year to Don Alonso Faxardo de Tenca, your governor,
whom they lent 200U ducados to lead an army against the Dutch, and
likewise their slaves to man four galleys. They have done this same
thing on other occasions, and expose their persons in war and lose
their lives, as many of the best men of that city have done--their
misfortune lying in this, that they were so far distant from the royal
eyes of your Majesty, wherefore their services are not conspicuous.
Public-domain text, read in full here on John Shaqi.
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