The Philippine Islands, 1493-1898 — Volume 27 of 55: 1636-37; 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 27 of 55: 1636-37; 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
Chinese for one hundred will immediately advance to two hundred. Since
the inhabitants have scanty means and considerable expense, in order
that they may therewith support themselves their profits must be great;
but on account of such proceedings their profits come to amount to
nothing, and they become ruined. Consequently, the whole profit is made
by the inhabitants of Mexico; and, as they have more money, and are
not burdened with the obligations of the islands--their expeditions,
wars, and reënforcements--their profits, although smaller, are larger
for their commerce than for that of the citizens of Manila; the latter
lose, not only in the purchase, for the Mexicans increase the prices
of the merchandise, but afterward in the sale which they make in Nueva
España. There they are compelled to sell more cheaply, in order to
return immediately, or to take silver at high interest--which is not
done by the inhabitants of Mexico; for they remain in their houses
and sell as they choose; for they sell slowly, and by that means make
up the excess of the price in Manila. The citizens of the latter place
cannot enjoy that advantage, and hence return ruined, or with so little
profits from so long voyages that, at the end, they scarcely realize
the principal with which they commenced. Besides, as the greater part
of their possessions are those on which the duties are paid, as they
come registered, while the others are concealed and unregistered, by
that fact also their costs increase and their profits are diminished.
Number 99. Intention of the inhabitants of the islands in regard to
the excesses of the commerce
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account