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
This will be more apparent with the conditions and the changes
which the commerce of Filipinas and that of España in the Indias
have sustained and suffered. That of España has decreased so much
from its usual status that it appears to be less than the half of
its former amount. Although the fault is attributed to the Filipinas,
that is because the matter is not probed below the surface, and causes
are not sought at their sources. The physician who understands only
the effect of a dangerous illness, namely, the death of the patient,
generally attributes the sickness to uncertain causes and sometimes
so remote that they have no connection with the case in question; and,
since he prescribes his remedies for such causes, the true, proximate,
and essential causes which are working out of sight without any check,
end, if not by killing the patient, by placing him in evident risk. All
see and recognize that the commerce of the Indias is in a feeble
condition, that the merchants are losing, that the exporters do not
obtain their capital [from what they ship], and that the ships which go
are smaller, and return with poorer cargoes. Although this loss is so
well known, there are some who ascribe the cause of so great an effect
to the Filipinas, and not to the misapprehension of España--which
is persuaded that the wealth of the Indias must be inexhaustible,
and that the merchants can still gain on their investments the same
amounts as fifty years ago, while the causal means of it all have
been lacking, which have been noticed by few, and ignored by many.
Number 68. First reason for the decline of the commerce of the Indias
First, the abundance of gold and silver. So great was the abundance of
these metals in the Indias, that one could say the same as of Jerusalem
in the time of Solomon, that they were regarded as the stones of the
street. Accordingly, articles were paid for at so exorbitant prices,
as is apparent from the histories of their conquests. That region
has failed, for the ores that yielded three hundred pesos per quintal
by smelting, now yield eight or six by quicksilver, which costs more
than smelting; and [such ores] are worked as good ones. Potosi, which
is the heart of the Indias, is threatening to give out; for it alone
yielded for forty years an amount that it cannot now yield, although
aided by the opening of many mines which sustain its reputation. The
mines of Nueva Reino [_i.e._, New Granada] and of Nueva España have
lost a part of what they had. The cost of mining is greater, the mines
are poorer, and, consequently, the gains less, and less the amount
obtained. Therefore, since this was the first cause of the greatness
of the Indias, it is not remarkable that with its deficiency their
commerce has declined.
Number 69. Second cause for the decline of the commerce of the Indias
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