[The Story of the Philippines and Our New Possessions, by Murat Halstead]@TWC D-Link book
The Story of the Philippines and Our New Possessions,

CHAPTER IX
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The coffee industry can be revived and the sugar industry extended, mainly for consumption in the far East.

The mineral resources can be explored with American energy, and there is every reason to believe that when this is done the deposits of coal, iron, gold and lead will be found very valuable.

On the other hand, we ought to be able to secure the greater part of the trade which now goes to Spain in textile fabrics, and a considerable portion of that with England in the same goods and in iron.
Revenue and Expenses.
The budget for the fiscal year ending June 30, 1897, was as follows: Income.
1st.

Direct Taxes $8,496,170 2nd.

Indirect Taxes (Customs) 6,200,550 3rd.


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