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Philippine progress prior to 1898

Note 32 — V. The Nineteenth Century and Economic Development

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“These changes show how important it was to establish at different points, extending over two hundred miles of the Archipelago, commercial centers, where it was desirable that foreigners should settle. Without these latter, and the facilities afforded to credit which hereby ensued, the sudden rise and prosperity of Iloilo would not have been possible, inasmuch as the mercantile houses in that capital would have been debarred from trading with unknown planters in distant provinces, otherwise than for ready money.” Jagor, Travels in the Philippines. (London, 1875), p. 304.

Azcarraga, pp. 168–177; 197–198.

Le Roy, Bibliographical Notes, 1860–1898.—Bl. and Rb., Vol. 52, pp. 112–114.

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