On the record
The lives and property of German and British merchants must be at least as safe in Manila as they were under Spanish rule before we are ready for any other step whatever.
Said by
Whitelaw Reid
Source
gutenberg.orgWhitelaw Reid: “The lives and property of German and British merchants must be at least as safe in Manila as they were under Spanish…”
Editor's note · Context
Reid insists on the necessity of ensuring safety for foreign merchants in Manila before taking further actions.
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They have covered many phases of the subject, but have preserved a singular uniformity of purpose and consistency of ideas throughout.
And next, shall we not probably fare best in the end if we try to profit somewhat by the experience others have had in like cases?
Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that security when they risked their money on it.
We must, then, be prepared with a policy for maintaining it ourselves.