Tuesday, September 30, 2008
MARITIME PIRACY AND ECONOMIC CHAOS IN OLD MANILA
According to the International Maritime Bureau's piracy reporting center, there has been an alarming surge in pirate attacks worldwide. Africa remains the world's top piracy hotspot, with 24 reported attacks in Somalia and 18 in Nigeria this year.
Recently, Somali pirates seized the cargo ship Faina off the coast of Somalia on Thursday as it headed to Kenya. The Ukrainian-operated ship is carrying ordnance ordered by the Kenyan government, which ncludes 33 Russian-built T-72 tanks and a substantial amount of ammunition and spare parts.
The pirates are demanding a $20 million ransom to release the Faina and its crew. Although the Kenyan government stands firm in its policy not to negotiate with pirates or terrorists, what's on board deeply concerns five nations — Ukraine, Somalia, Russia, the United States and Britain — and have been sharing information to try to secure the swift release of the ship and its 21-member crew.
Meanwhile, in America, in its attempt to thwart a shattering financial crisis with major global repercussion, the Bush administration and congressional leaders agreed on a deal to authorize the biggest banking rescue in U.S. history — the $700 billion bail out program.
According to the Wall Street Journal, at its core is Treasury Secretary Henry Paulson's concept of buying impaired mortgage-related assets from financial firms — giving them cash to replace the toxic debts that have put them in danger or dissuaded them from lending. The plan is to help the firms restore their capital bases as well as the trust that enables them to borrow and lend at reasonable terms. Without this, officials worry that the credit markets, the lifeblood of the U.S. economy, would grind to a halt.
An extraordinary week of talks unfolded after Paulson and Ben Bernanke, the Federal Reserve chairman, went to Congress 10 days ago with ominous warnings about a full-blown economic meltdown if lawmakers did not act quickly to infuse huge amounts of government money into a financial sector buckling under the weight of toxic debt.
These two crises — maritime piracy and economic turmoil — in one fell swoop, at one point during the 16th century, similarly roiled in and shocked Manila.
In the early morning of November 4, 1587, in the bay of Augua Segura or Puerto Seguro, now named San Jose del Cabo somewhere in the tip of Baja California, the English pirates led by Thomas Cavendish sighted the galleon ship Santa Ana, on her way to Cabo San Lucas at the tip of Lower California to make a landfall and check her course prior to continuing on to Acapulco.
Cavendish's ships, the Desire and Content gave chase with all sail. It was afternoon when they came up broadside with the Santa Ana — tagged as the "great rich ship" — under the command of Tomas de Alzola. It left the port of Cavite the last week of June, some four-and-a-half months earlier.
The English ships attacked the Santa Ana with full force, killing and maiming many of its men who fought valiantly and refused to surrender. After about six hours of intense resistance and having suffered heavy loses — with the hull of Santa Ana also sustaining a canon blast at the waterline — Captain Tomas de Alzola finally hung out a flag of surrender.
In spite of the the disparity in size of the ships — the Santa Ana had a tonnage of 700, while the Desire and the Content were of 120 and 60 tons, respectively — the odds of the battle was overwhelmingly in favor of the British. The Santa Ana lacked the necessary artillery and fire power. Cavendish's Desire alone mounted eighteen guns, while the Content had ten.
In a report to the king from Manila, Governor de Vera wrote that the capture of the Santa Ana came as a surprise since the galleon routes were kept a secret and no other but Spanish ships had been sighted on the these galleon routes for years.
Cavendish and his men were all praise, however, for the courage of Captain Alzola and his crew, which included Filipinos, for fighting up to the end.
The Santa Ana carried 122,000 pieces of gold and a cargo of fine pearls, silks, satins, damasks, musks, and other merchandise of the East Indies, as well as ample supply of all kinds of foods and wines. The royal treasurer in Manila provided a more detailed report: the Santa Ana carried 2,300 marks of gold, equivalent to 84.2 pounds avoirdupois; not to mention a large amount of gold that had not been registered. The total sale value of the Santa Ana's cargo in Mexico would have been over two million pesos, which represented an original investment in Manila of more than one million pesos.
The Spaniards in Manila were further infuriated upon fully realizing the extent of Cavendish's depredation, which consequently, created a severe economic meltdown in Manila. Bankruptcy, poverty and severe despondency were experienced by many members of the city's trading community, including a substantial number of inhabitants and soldiers.
Besides the daring piracy that Cavendish conducted in the waters considered by the Spanish as the exclusive domain of their king, it was his youth (barely in his twenties) along with an inferior sea vessel manned no more than fifty men — who trespassed their domain and got away with it — that ultimately left the Spaniards in Manila feeling unbearably weak and inadequate.
During the 250 years of the galleon trade, the sea claimed dozens of ships, thousands of men and many millions in treasures. As the richest ships in all the oceans, the galleons were the most coveted prize of pirates and privateers. Four were taken by the English — the Santa Ana in 1587, the Encarnacion in 1709, the Covadonga in 1743, and the Santisima Trinidad (the largest ship in her time) in 1762.
The first to fall was the Santa Ana, a prize catch that went to the Englishman Thomas Cavendish. His brazen act of maritime piracy eventually precipitated an economic turmoil that startled the Spanish regime in old Manila.
Related link:
The Filipino Seamanship
The Filipino Seamanship
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Image EXIF:
MAMANG MANDARAGAT
© 2008 Señor Enrique
Aperture: F9
Shutter: 10/130 sec
Focal Length: 30mm
ISO: 400
Image EXIF:
MAMANG MANDARAGAT
© 2008 Señor Enrique
Aperture: F9
Shutter: 10/130 sec
Focal Length: 30mm
ISO: 400
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I very much appreciate my articles and photos appearing on fellow bloggers' sites, popular broadsheets, and local broadcast news segments, but I would appreciate even more a request for permission first.
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I very much appreciate my articles and photos appearing on fellow bloggers' sites, popular broadsheets, and local broadcast news segments, but I would appreciate even more a request for permission first.
Thank you!
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Labels: business, current affairs, galleon trade, Manila history, Philippine history
posted by Señor Enrique at 4:13 AM
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