Page:The Philippine Islands, 1493-1803 (Volume 06).djvu/222

 Thus there would be no necessity for bringing to España, as is now done, these goods from foreign lands; and our money and wealth would be retained in España, as it now is not.

Third: Many persons who have seen them know that the towers of the treasure-house are of gold and silver, and of great size. They tell us what abundance of silver goes into general use because no other money is current, and how so much comes in continually from other countries and never goes out; and that is besides the many and exceedingly rich mines of the country. They say, too, that the king will not allow the mines to be worked, in order that trade and the culture of the soil may not cease. For that reason silver is continually carried into the country, and that contained in it is not carried away—on which account, they say, that metal remains there as a treasure.

Fourth: The amount of the rents and taxes, and profits which his Majesty can enjoy, from the first, from general sources, is very great—and that without injury to the civil and local government of the country. He will gain this through the mere respect for his universal sovereignty; and the protection and introduction of the faith, accomplished at his own cost, care, and diligence; and through the obligation to maintain and defend not only the faith, but good and firm government, in order to preserve it.

Fifth: The number of encomiendas that can be divided and distributed among our people will be great; and so rich are they that each person on whom one is conferred can maintain, worthily and liberally, the others who remain there. And his district would be so extensive that, if he chose to apportion it to each of his followers, he would have enough to