The Philippine Islands, 1493-1898: Volume 48, 1751-1765: 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 48, 1751-1765: 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
16. Let there be formed, then, an Oriental company, and let the nobles
of the kingdom contribute its funds; the profits [on these] will
awaken in them a liking for commerce, and they will become acquainted
with this most useful branch of knowledge. They will maintain their
[business] relations, they will have some occupation, and will not
use up their fortunes with vicious habits; their children will be
brought up with a liking for commerce, and the fathers will have the
satisfaction of employing some of their sons in appointments under
the same company. This is the most certain means for securing the
happiness of families and the prosperity of the entire monarchy; for,
if commerce and the naval service (which follows the other closely)
are promoted, there will be no vagabonds or idlers. Rather, idleness
will come to an end, and with it many vices, on account of the enormous
number of men whom a company with large capital needs to employ by land
and sea--not only for its business positions, but for manufactures and
navigation, in which persons from all spheres of life find an opening.
17. What a number of people must be employed by the English and Dutch
companies in the more than one hundred and fifty ships which each
company maintains for its commerce, and in the various colonies in
which they have established that commerce! And what advantages result
to these two powers from keeping so many people busy, maintaining
them at the company's expense, and freeing them from the idleness
in which they would [otherwise] live! If those countries had not so
great a commerce, vagabonds and idlers would abound in them; but this
class of people is not seen there. On the contrary, there is great
application to all the arts and sciences; for all have employment,
and all are useful--some in manufactures, others in the military or
the naval service, and others in commerce, etc.
Public-domain text, read in full here on John Shaqi.
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