Note 11 — EVENTS IN FILIPINAS, 1801–1840

“In 1797, when on account of the decadence of the Society and the opposition of Aguilar it practically ceased its functions, its president at that time, the auditor Don Francisco Javier Moreno, placed on deposit in the Consulate [of commerce] 6,000 pesos, which at that period constituted all its funds. At the time of its reëstablishment, the capital of the Society consisted of 34,224 pesos, two reals, one grano in ready cash; a debt owed by the convent of San Juan de Dios, of 7,525 pesos—the remainder of the sum of 15,890 pesos, four reals, one grano, which by decree of the government dated April 1, 1805, were ordered to be paid for the rebuilding of that convent’s edifice; and twelve gold medals and 241 of silver. It was agreed to invest these funds in commerce by sea or land, according to circumstances.” (Pamphlet cited by Montero y Vidal.) ↑