Note 5 — V. The Nineteenth Century and Economic Development

“The cultivation of the indigo had already been encouraged and improved by another Augustinian, Fray Matias Octavo, with the generous aid of a worthy merchant of Manila, Don Diego Garcia Herreros, applying the method then used at Guatemala; (thus) it was possible in 1784 to make a shipment, by the warship Asuncion, which found a good market in Cadiz. With these antecedents, the Company did not have to do much to exploit this product, and limited itself to making advances to the farmers for the purchase of implements needed * * *, and buying everything that was offered for sale; thus in 1786 it was able to export one hundred and forty quintals of this valuable article, and double that in 1788.” (Ibid., pp. 133–134).