Although the Central and Ilocan Mountains in Luzon and parts of Mindanao are rich in gold, it is the fertile land, the heavy rainfall and the solar heat, that must be utilized to permanently enrich the country.

The land is there and the labour is there, and all that is wanting is capital, and a settled government ...

The sun, the rain, the soil, and the hardy Philippine farmer will do the rest--a population equal to that of Java could live in affluence in the Philippines." See also Sawyer's remarks (pp.

145-152) on gold and gold-mining in the islands.
[48] See the document, "Expeditions to Tuy," at end of _Vol_.

XIV.
[49] The Augustinian Fray Miguel Garcia Serrano.
[50] An ancient Spanish coin, which in the time of Ferdinand and Isabella was worth 14 reals 14 maravedis of silver; but its value varied in subsequent reigns.