old restrictions can no longer be maintained, and the lately-introduced liberal tariff must be hailed as a thoroughly well-timed measure.
* * * * *
[Galleon story sidelight on colonial history.] The oft-mentioned voyages of the galleons betwixt Manila and Acapulco hold such a prominent position in the history of the Philippines, and afford such an interesting glimpse into the old colonial system, that their principal characteristics deserve some description.
[Chinese part in galleon trade.] In the days of Morga, towards the close of the sixteenth century, from thirty to forty Chinese junks were in the habit of annually visiting Manila (generally in March); towards the end of June a galleon used to sail for Acapulco. The trade with the latter place, the active operations of which were limited to the three central months of the year, was so lucrative, easy, and safe, that the Spaniards scarcely cared to engage in any other undertakings.
[Favoritism in allotment of cargo space.] As the carrying power of the annual galleon was by no means proportioned to the demand for cargo room, the governor divided it as he deemed best; the favorites, however, to whom he assigned shares in the hold, seldom traded themselves, but parted with their concessions to the merchants.
[Division of space and character of cargo.] According to De Guignes, [27] the hold of the vessel was divided into 1,500 parts, of which the majority were allotted to the priests, and the rest to favored persons. As a matter of fact, the value of the cargo, which was officially limited to $600,000, was considerably higher. It chiefly consisted of Indian and Chinese cottons and silk stuffs (amongst others fifty thousand pairs of silk stockings from China), and gold ornaments. The value of the return freight amounted to between two and three millions of dollars.
[Profit in trade.] Everything in this trade was settled beforehand; the number, shape, size, and value of the bales, and even their selling price. As this was usually double the original cost, the permission to ship goods to a certain amount was equivalent, under ordinary circumstances, to the bestowal of a present of a like value. These permissions or licenses (boletas) were, at a later period, usually granted to pensioners and officers' widows, and to officials, in lieu of an increase of salary; these favorites were forbidden, however, to make a direct use of them, for to trade with Acapulco was the sole right of those members of the Consulado (a kind of chamber of commerce) who could prove a long residence in the country and the possession of a capital of at least $8,000.
[Evasion of regulations.] Legentil, the astronomer, gives a full description of the regulations which prevailed in his day and the manner in which they were disobeyed. The cargo consisted of a thousand bales, each composed of four packets, [28] the maximum value of each packet being fixed at $250. It was impossible to increase the amount of bales, but they pretty generally consisted of more than four packets, and their value so far exceeded the prescribed limits, that a boleta was considered to be worth from $200 to $225. The officials took good care that no goods should be smuggled on board without a boleta. These were in such demand, that, at a later period, Comyn [29] saw people pay $500 for the right to ship goods, the value of which scarcely amounted to $1,000. The merchants usually borrowed the money for these undertakings from the obras pias, charitable foundations, which, up to our own time, fulfil in the Islands the purposes of banks. [30] In the early days of the trade, the galleon used to leave Cavite in July and sail with a south-westerly wind beyond the tropics, until it met with a west wind at the thirty-eighth or [Route outward.] fortieth parallel. [31] Later on the vessels were ordered to leave Cavite with the first south-westerly winds to sail along the south coast of Luzon, through San Bernardino straits, and to continue along the thirteenth parallel of north latitude [32] as far to the east as possible, until the north-easterly trade wind compelled them to seek a north-west breeze in higher latitudes. They were then obliged to try the thirtieth parallel as long as possible, instead of, as formerly, the thirty-seventh. The captain of the galleon was not permitted to sail immediately northward, although to have done so would have procured him a much quicker and safer passage, and would have enabled him to reach the rainy zone more rapidly. To effect the last, indeed, was a matter of the greatest importance to him, for his vessel, overladen [Water-supply crowded out by cargo.] with merchandise, had but little room crowded out for water; and although he had a crew of from four hundred to six hundred
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