Mineral Wealth of the Islands.
Early Search for Gold.
Mining for gold was unquestionably practiced in the Philippines long before the time of Magellan, and incredible stories were told by Spanish conquerors of the rich deposits on the islands, and of the weight and beauty of the bracelets, necklets, and anklets of pure metal worn by the natives. But the cruelty and robberies of Mexico and Peru were repeated there, and the Indians yielded their jewels and hoards to the ruthless conqueror.
Galleon after galleon sailed to Spain laden with the precious dust, and enormous rewards were bestowed upon pilot and captain that should convoy the treasure safely home. Winds, waves, and rocks were not the only enemies of the Spanish mariner, either. England has always had a hankering for the Philippines, and her fleets accordingly went out of their way many a time to despoil Spain. In his voyage round the world, Sir Francis Drake seized two prize-ships filled with island-gold, in token of whose riches one of his cruisers swaggered into the port of London with damask sails and silken cordage. And in the eighteenth century Anson’s fleet hovered for years in the neighborhood of the Philippines, a rich prize occasionally his reward.