People will say, "Where would we consume so much pepper?" Then where does Olanda consume it, I would like to know? "[And there are] Francia and Inglaterra; do they bring much less [to Europa]?" Do not those who ask such questions know how much the king is paying to Norbega [i.e., Norway] and the northern countries for lumber, cordage, etc., for the construction in his royal navy? and that, if it happens that care is not given in time to the planting of oak groves, he will need much more [from those countries]?--At present these commodities are paid for in ready money, which would not be the case if we could give the merchants there the pepper, etc., so cheaply (or at less expense than [if purchased from] another country), on account of the great consumption of pepper which there is in those countries, and because this would be a [form of] trade that is mutually advantageous, as I have already said, for the day-laborer and the shepherd. It would be permanent, and many millions of reals which now leave España would remain here, to the greatest advantage not only of his Majesty, but of his vassals. I say, then, that no one is able to deny these two propositions, of which his Majesty will be best able to judge. Have I heard some one argue that España has [78] need of preventing thus the exportation of silver? Such arguments are foolish, and one should laugh at them. Do we not know that Olanda commands that a very large part of the spice product be burned and destroyed, in order that a commodity which brings her so enormous a profit should not, through its excessive abundance, contribute to her loss? I say, then, that if España reaches an excessive abundance of silver, it would be far better for the king to command that the mines be closed, or to fling the silver into the sea, than to let it pass into the hands of those who tomorrow can avail themselves of it to carry on war [against España]. Others I have heard talk [on this subject], so frivolously that I was astounded, hinting at the resentment of this other nation if España should profit by what is her own--that is, the execution of the proposition [that I have made]. That is the same as to say that Inglaterra or any other nation could declare that España shall not cultivate the ground or sow the wheat, because it suited that nation to supply it; it is to talk very heedlessly, without knowing that España can limit the commerce of Francia, Inglaterra, and Olanda whenever she desires, without cannon-ball or gunpowder, by the prohibition of silver alone. If she chooses to deprive any one of those countries of this advantage, she has only to calculate what she owes to the other two for the net balance of their trade, and then not allow any more silver to go out to those countries; and these, needing it for themselves, will not be able to supply the other one. I can assert that España, if she would avail herself of the rights which God has given her,