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The Philippine Islands, 1493-1898, Volume 51, 1801-1840

Note 99 — PART II

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Comyn briefly sketches this domestic commerce (pp. 43–45), but in vague and indefinite terms, save for the following paragraph: “Besides the traffic founded on the ordinary consumption, and the necessity of being furnished with goods both domestic and foreign in order to supply the fairs known by the name of tianguis, which are held weekly in almost all the villages, there is also a species of traffic peculiar to the rich Indians and Sangley mestizos (who are an industrious class, and own the greater part of the ready money). This consists in buying up beforehand the harvests of indigo, sugar, rice, etc., with the aim of afterward dictating the prices when they resell those products to him who buys at second hand.”—Eds. ↑

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