The Philippine Islands, 1493-1898, Volume 44, 1700-1736: 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 44, 1700-1736: 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
"In the books of the carriers [72] in which is set down the silver
which has been carried to the port [of Acapulco], and the merchandise
which has been transported to this kingdom [of Mexico]--all money is
included without any distinction, without specifying the coin which
goes destined for the fair at Acapulco and that which must be sent to
the islands; and this produces confusion, which it is very difficult
to clear up. For if they [i.e., the merchants] are charged with this
remittance of coin, they say that the money is for the fair, which
is lawful and allowed; if they are obliged to admit that they are
sending coin and are not receiving goods, they say that it is for
the balances [due] on commissions from the citizens of Manila. As
this traffic goes on under a confidence system [confiánza], in which
there is neither written document which can certify the remittances,
nor register in which the real owners can be declared, nor bill of
lading by which the right of possession may be known--the result is,
that the citizens of Manila send as their own the bales which belong
to those of Mexico, and the latter send money as if it belonged to
the citizens of Manila, produced from those bales which were not their
own. And as this trade is carried on publicly with this dissimulation,
and it will not be easy for any one to ascertain the inside of it
and the agreements which are privately made, it follows from this
that there will always be difficulty in proving guilt, and that the
merchants will persist in trying to persuade the officials that the
money which they send is intended either for the fair at the port,
or for the payment of [debts to] its owners.
Public-domain text, read in full here on John Shaqi.
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