Note 1 — III. Trade and Commerce at the Time of Discovery and Conquest

Chao Ju-kua’s Description of the Philippines.—Bl. and Rb., Vol. 34, pp. 183–191.

Rizal, La Indolencia. (All quotations from this work are taken from the Derbyshire translation.):

“Indolence in the Philippines is a chronic malady, but not a hereditary one. The Filipinos have not always been what they are, witnesses whereto are all the historians of the first years after the discovery of the Islands.

“Before the arrival of the Europeans, the Malayan Filipinos carried on an active trade, not only among themselves but also with all the neighboring countries. A Chinese manuscript of the 13th century, translated by Dr. Hirth (Globus, Sept. 1889), which we will take up at another time, speaks of China’s relations with the islands, relations purely commercial, in which mention is made of the activity and honesty of the traders of Luzon, who took the Chinese products and distributed them throughout all the islands, traveling for nine months, and then returned to pay religiously even for the merchandise that the Chinamen did not remember to have given them. The products which they in exchange exported from the islands were crude wax, cotton, pearls, tortoise-shell, betelnuts dry-goods, etc.”