Note 5 — Chapter IV
Reading edition
In 1914, twenty-six years after the cession of the islands our combined import to and export from the Philippines amounted to only $51,246,128, or less than 1/75 of our entire foreign commerce. Our commerce with China, which was to have been opened by our possession of the Philippines was less than one-half of that with Brazil and less than one-twelfth of that with Great Britain.