through one person, and to manage their business by the counsel and
opinion of all, the majority of votes ruling. They are to make all
the necessary efforts in Nueva España for blocking the citizens of
Mexico who are not agents for those in Filipinas, even if it should
be necessary for some of them to go to that court to attain their
purpose. [_In the margin_: "Take it to the fiscal." "It was taken to
him. Answered on a separate paper."]



5. _Advantages and difficulties in the execution of this decree,
and the ruinous outcome which may be feared from it._


As the execution of this decree, although so old, is a good method
to attain what his Majesty intends and what the monarchy needs, that
but little money of merchants be sent to these islands, I am giving
without any opposition to the citizens of this city what is ordered by
the decree, as will be seen by the acts that have been passed in this
regard which I am sending to that royal Council, in order that it may
understand the matter better, and that it may take the measures which
seem most advisable. The truth is, that I fear lest a violent clash
result from this innovation, between this city and that of Mexico; for
the citizens of the latter place, when they find themselves deprived of
the gains which they had by acting as agents for those of Filipinas,
will render poor service as such to the latter; and further, knowing
that the citizens here are combining against them, that will oblige
them also to combine [against these citizens], in order not to make
the returns this year with any silver. That would be the total ruin
of this colony, because of the small investments and business affairs