Note 10 — COMMERCE OF THE PHILIPPINES WITH NUEVA ESPAÑA
Reading edition
49. That this loss had passed over to the woolen goods, such as picotes, barracans,10 and others which were shipped in the trading-fleets; for those who had clothed themselves with these throughout Nueva España were now despising them, observing that for half of what a woolen garment cost them they could procure another of China silk—being apparently as well clothed, although in the quality of the goods they had been deceived. In this manner the Chinese goods carried out of the country three or four millions of pesos in each ship, which was but little less wealth than that carried by a regular trading-fleet.