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
4. All the silver that is coined in the dominions of España comes to a
halt in foreign kingdoms, among our greatest enemies. The treasures of
the Indias pass through the aqueduct of Cadiz, without leaving even a
trace on the conduits of the Spanish merchants, as can be demonstrated
by [comparing] the riches that the Indias have produced, and the
poverty of the Spaniards. Upon this point I refer to what Don Miguel
de Zavala says in his memorial; and that which the celebrated Macanaz
has written on the same subject ought to be printed on plates of gold,
or, better, in the hearts of our sovereigns and their ministers of
state, in order to cure the wounds of their vassals with the remedies
which he proposes. For if all the silver is carried away from the
dominions of España, what more will she have, whether it go by way
of Acapulco or by way of Cadiz? I assert that in Cadiz the commerce
of the foreigners is greater than that of the Spaniards: the latter
(with the exception of some strong business houses, which have been
built up in this century) support themselves by being figureheads [166]
for the former, who cannot possess the commerce in their own behalf or
in their own persons. This is disclosed by the "Universal dictionary
of commerce," in praising the good Catholic Spaniards in this illicit
mode of carrying on business--which is the same as regarding them as
being, even if not traitors, at least disobedient to their king. Here
is seen the interested motive for [the claim] that the silver should
not be exported by way of Acapulco, but that all should go to Cadiz,
into the power of the foreigners--who are the ones who, in reality
and with hidden hand, have always made opposition to this commerce
of Manila.
Public-domain text, read in full here on John Shaqi.
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