Date published: 1981-01-01
Source: The King?s Coffer (ID83)
Author: Bushnell, Amy (ID32)
Primary doc? 0
Published in:
Race described:
Full text? 1
Online link: #http://ufdc.ufl.edu/AA00014878/00001#
Content id: 784
Filename received:
Filename assigned:
1621-01-01 - 1621-12-31

Gov. Salinas requested a loan to consolidate FL's debtedit

The practice of letting some subsidies fall into arrears created new expenses to consume the other ones. A loan was taken out at the Mexico City treasury as early as 1595. Governor Salinas, in an effort to consolidate the treasury’s debts, asked in 1621 for another loan of 30,000 or 40,000 pesos to be paid off in installments of 2,000 pesos from every situado. The crown was unhelpful about retiring this debt. A representative of the Council, making a grant of 150 ducats in 1627 to Florida’s sergeant major, observed that the money was to come from the situado surpluses as soon as there were any, “which will not be for many years because it is so far in debt now.” [Note 32: Cedula to the royal officials 6/18/1595; Gov. Salinas 5/15/1621; Council re Alonso de Arguelles 3/23/1627] (Bushnell KC)

Cross references

No cross references.