FREE BOOKS

Author's List




PREV.   NEXT  
|<   344   345   346   347   348   349   350   351   352   353   354   355   356   357   358   359   360   361   362   363   364   365   366   367   368  
369   370   371   372   373   374   375   376   377   378   379   380   381   382   383   384   385   386   387   388   389   390   391   392   393   >>   >|  
p is got rid of. Then the berries are dried and pounded in a mortar to separate the inner membrane and pellicle; these are winnowed from the clean bean, which constitutes the coffee of commerce and is sent in bags to Manila for sale. The Philippine plantations give only one crop yearly, whilst in the West Indies beans of unequal ripeness are to be found during eight months of the twelve, and in Brazil there are three annual gatherings. The seed of the _Tobacco-plant_ (_Nicotiana tabacum_) was among the many novelties introduced into the Philippines from Mexico by Spanish missionaries, soon after the possession of the Colony by the Spaniards was an accomplished fact. From this Colony it is said to have been taken in the 16th or 17th century into the south of China, where its use was so much abused that the sale of this so-called noxious article was, for a long time, prohibited under penalty of death. During the first two centuries of Spanish dominion but little direct attention was paid to the tobacco question by the Government, who only nominally held, but did not assert, the exclusive right of traffic in this article. At length, in the year 1781, during the Gov.-Generalship of Jose Basco y Vargas (a naval officer), the cultivation and sale of tobacco was formally decreed a State monopoly, which lasted up to the end of the year 1882. In the meantime, it became an important item of public revenue. In 1882 the profits of the Tobacco Monopoly amounted to half the Colony's Budget expenditure. A few years before that date a foreign company offered to guarantee the Budget (then about P15,000,000), in exchange for the Tobacco Monopoly, but the proposal was not entertained, although in the same year the Treasury deficit amounted to P2,000,000. By Royal Decree of July 1, 1844, a contract was entered into with the firm of O'Shea & Co., renting to them the Monopoly, but it was suddenly rescinded. The annual profits from tobacco to the Government at that date were about P2,500,000. GOVERNMENT PROFIT 1840 P2,123,505 1845 2,570,679 1850 3,036,611 1855 3,721,168 1859 4,932,463 1860 over 5,000,000 1869 5,230,581 A bale of tobacco contains 4,000 leaves in 40 bundles (_manos_), of 100 leaves each. Th
PREV.   NEXT  
|<   344   345   346   347   348   349   350   351   352   353   354   355   356   357   358   359   360   361   362   363   364   365   366   367   368  
369   370   371   372   373   374   375   376   377   378   379   380   381   382   383   384   385   386   387   388   389   390   391   392   393   >>   >|  



Top keywords:

tobacco

 

Monopoly

 
Tobacco
 

Colony

 

Budget

 

article

 
profits
 
amounted
 

Spanish

 

leaves


Government
 
annual
 
proposal
 

exchange

 

offered

 

company

 
foreign
 

guarantee

 

meantime

 

formally


cultivation

 

decreed

 

monopoly

 

officer

 

Vargas

 

lasted

 

revenue

 

expenditure

 

public

 

entertained


important

 

bundles

 

Generalship

 

contract

 

entered

 
Decree
 
Treasury
 

deficit

 

GOVERNMENT

 

PROFIT


rescinded
 
renting
 

suddenly

 

months

 

twelve

 

ripeness

 
unequal
 

whilst

 
yearly
 

Indies