Thursday, November 9, 1972

In the morning, Col. Moy Buhain (aide-de-camp to Speaker Villareal of the House of Representatives whom I had periodically served as economic adviser) dropped by to talk to me about the latest draft of the Steering Council. Obviously, he had already seen Speaker Villareal since our last talk. We were speculating on what will happen..

Read more

Wednesday, November 8, 1972

My amendments on the national economy as well as that on the National Assembly were filed today. There was so much discussion on the powers of the Steering Council—which are more or less plenary—and the apparent deempowerment of the Sponsorship Council. Serging Tocao, a member of our Sponsorship Council, was enraged by the fact that..

Read more

August 31, 1945, Friday

I have been asked many times how the Japanese financed themselves during their regime. They came here bringing with them Japanese military notes. It can be assumed for certain that those notes are not backed by reserves. There is nothing behind it except the backing of the Japanese government. As a matter of fact, they..

Read more

December 1, 1936

Glad November is over--somehow or other this is nearly always a worrisome month;--this year it was even worse than usual both because of Doria's illness, and by reason of the lack of discretion, not to say greediness of some of ay associates in business. At Malacañan at 9:30. Quezon was in the barber chair, just..

Read more

May 27, 1936

Luncheon alone with Quezon at Malacañan. He appeared in very good spirits; is swimming daily in his tank, and played golf at Wak-Wak at 5 o'c. this morning. Spoke with pleasure of my appearance of good health and asked me to go with him on the Negros trip to the Southern Islands June 3-15, with..

Read more

February 3, 1936

Dinner at Malacañan for Cabinet--Doria wore her new black dress which was a great success, and Quezon asked her chaffingly if she was in mourning for King George? Corpus, President of the Philippine National Bank, sat on one side of me, and spoke con amore of how I supported him as Director of the Bureau..

Read more

December 25, 1935

Talk with Rafael Corpus, former director of Agriculture and new President of the Philippine National Bank. He told how Wood had tried to liquidate the bank; how eventually all the money supposed by Wood to be lost in sugar mills had been made good --even Philippine Vegetable Oil paid back 50%. Said he discovered more..

Read more

December 2, 1935

An hour and a half with Foley (New York manager of the Philippine National Bank) over the Manila RR. bond purchase --his ideas and mine are very similar but he looks on it chiefly from the point of view of a banker, while I can, perhaps, see better the government policies involved. He predicts a..

Read more