The Former Philippines Thru Foreign Eyes 8 0

Cover The Former Philippines Thru Foreign Eyes 8 0
The Former Philippines Thru Foreign Eyes 8 0
Jagor Et Al
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[Profit from tobacco monopoly and foreign trade. ] Among the variouscauses which have contributed to produce so favorable an alteration, the chief one have been the establishment of the tobacco monopoly, on behalf of the crown, and the opening of the port of Manila to theflag of other nations, at peace with Spain. The first has considerablyincreased the entries into the public treasury, and the secondhas tended to multiply the general mass of mercantile operations, independent of the other bene
...ficial effects this last measure musthave produced in a country, whose resources, trade and consumptionhad, from the time of the conquest, experienced the fatal shacklesimposed by jealousy and ignorance.
[Improvement in public finances. ] The improved aspect the colonysoon assumed, by the introduction of this new system, as was natural, awakened the attention of ministers, and induced them more easily toconsent to the measures subsequently proposed to them, principallyintended to place those distant dominions on a footing of permanentsecurity, so as to enable them to repel any fresh attempts on the partof an enemy.


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