Note 11 — The Spanish Friars, After 1898
Reading edition
Monsignor Chapelleʼs mission had entirely failed to achieve its purpose, and he retired from the Islands on the appointment of the new Apostolic Delegate, Monsignor Giovanni Battista Guidi. Bora on April 27, 1852, this prelate was a man of great culture and a distinguished linguist, who had travelled considerably. From Rome he proceeded to Washington, and, with the United States exequatur, he entered Manila on November 18, 1902, and died there on June 26, 1904. During his mission the conditions of the friarsʼ land settlement were embodied in a contract dated December 28, 1903, whereby the United States undertook to pay, within six months from date, the sum of $7,227,000 gold in exchange for the title-deeds and conveyances of all the rural lands belonging to the three corporations possessing such—namely, the Dominicans, Agustinians, and Recoletos.11 To cover this purchase, bonds were issued in America for $7,000,000 bearing 4 per cent, interest per annum; but, as the bonds obtained a premium on the money market, the total amount realized on the issue was $7,530,370. It remained, therefore, with the corporations themselves to deliver the title-deeds, but on personal inquiry of the Gov.-General in the month of July following I learnt that up to that date they had only partially fulfilled this condition. This, however, concerns them more than it does the American Government, which is ready to pay for value received. The approximate extent of the friarsʼ lands is as follows12:—