Note 6 — COMMERCE OF THE PHILIPPINES WITH NUEVA ESPAÑA

In 1731 and 1733 Sevilla and Cadiz “both imagined (and it is rather surprising that this had not been sooner evident) that it would be an advantage to Spain to take part directly in the commerce of Asia, and that the possessions which it had in that part of the world would be the center of the operations which it would conduct there. In vain was the objection made against them that, as India furnished silk and cotton fabrics that were superior to those of Europe in their finish, in their colors, and (above all) in their cheapness, the national manufacturers could not support competition with those goods, and would infallibly be ruined. This objection, which might have some weight among certain peoples, seemed to them utterly frivolous, in the position in which their country stood. As a fact, the Spaniards use for both their clothing and their furniture foreign stuffs and cloths; and these continual needs necessarily increase the industry, the wealth, the population, and the strength of their neighbors—who misuse these advantages, in order to keep in dependence the very nation which obtains these for them. Would not Spain behave with more wisdom and dignity if she would adopt the manufactures of the Indias? Resides the economy and satisfaction which she would find therein, she would succeed in diminishing a preponderance [of other nations] of which she will be, sooner or later, the victim.” (Raynal, Établissemens et commerce des Européens, i, p. 606.) ↑