FREE BOOKS

Author's List




PREV.   NEXT  
|<   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187  
188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   211   212   >>   >|  
aves for his benefit, whereupon he abandoned the scheme. Then Hernando de Castro made a similar proposal, reducing the time of completion of the mill to three years. The crown was more favorably impressed by his offer, and agreed to it, only to have him withdraw it. Juan de Avila and his brother Alfonso reported strongly in favor of establishing the industry in Cuba, and asked for a loan of capital from the royal treasury to finance the undertaking; but nothing was done. Chaves and Angulo also successively reported that Cuba was admirably adapted to the industry, and it was known that at that very time sugar growing was enormously successful in Hispaniola, Porto Rico and other islands. Yet by some strange fatality nothing practical was done, and the actual establishment of the great industry was postponed until near the end of the century. The fiscal policy of the Spanish government was in early years not unfavorable to Cuba. Apart from a royalty of from five to ten per cent on precious metals mined, and on copper, and the royalty already described on the importation of negro slaves, and a customs duty of seven and a half per cent ad valorem on all imports, the island was free from taxation. The royalties in question were certainly not oppressive, and the fact that the Seville government imposed the same customs duty on all goods imported into Spain from Cuba made the tariff seem entirely just. Indeed, Cuba was favored above all other islands In the West Indies for many years. Thus after the middle of the sixteenth century one-third of what had been the import duty on goods received in Spain from the West Indies was required to be paid in the Indies as an export tax; but Cuba alone of all the islands was exempted from this arrangement. It was not, indeed, until the decline of Spain herself set in, with increasing expenses for maintaining an inefficient and often corrupt bureaucracy, and with sorely diminishing resources and revenues, that Cuba began to be detrimentally exploited for the sake of the Mother Country. CHAPTER XV We have said that the administration of Angulo marked the nadir of early Cuban history. It also marked the turning point, and the entrance of the island into international affairs. Not yet had the great duel between Spain and England begun; which in the next century was to have so momentous results. France was the enemy. Francis I became King of that country in 1515, when Velasquez was
PREV.   NEXT  
|<   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187  
188   189   190   191   192   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   211   212   >>   >|  



Top keywords:

Indies

 
industry
 

century

 
islands
 
reported
 

government

 

marked

 

royalty

 
Angulo
 
island

customs
 

arrangement

 

exempted

 

export

 

favored

 

Indeed

 

imported

 

tariff

 
import
 
received

required

 

decline

 

middle

 

sixteenth

 

England

 

entrance

 
international
 
affairs
 

momentous

 
country

Velasquez

 
results
 

France

 
Francis
 
turning
 

history

 
bureaucracy
 

corrupt

 

sorely

 
diminishing

resources

 

inefficient

 

increasing

 

expenses

 

maintaining

 

revenues

 
detrimentally
 

administration

 

CHAPTER

 

exploited