[The Old Merchant Marine by Ralph D. Paine]@TWC D-Link bookThe Old Merchant Marine CHAPTER IV 20/29
His behavior was so bad that we were forced to send him to Coventry, or in other words, no one would speak to him." The Spanish governors of Guam had in operation an economic system which compelled the admiration of this thrifty Yankee mate.
The natives wore very few clothes, he concluded, because the Governor was the only shopkeeper and he insisted on a profit of at least eight hundred per cent.
There was a native militia regiment of a thousand men who were paid ten dollars a year.
With this cash they bought Bengal goods, cottons, Chinese pans, pots, knives, and hoes at the Governor's store, so that "all this money never left the Governor's hands.
It was fetched to him by the galleons in passing, and when he was relieved he carried it with him to Manila, often to the amount of eighty or ninety thousand dollars." A glimpse of high finance without a flaw! There is pathos, simple and moving, in the stories of shipwreck and stranding on hostile or desert coasts.
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