Economic Problems of Florida Governors 1700-1763

Economic Problems of Florida Governors 1700-1763

OLD COSA CRESTEconomic Problems of Florida Governors, 1700-1763
By John J. Tepaske

Part 4 of 4

THE REFORM OF 1740

The multitude of complaints and suggestions about the evils of the subsidy system brought about only one change after 1702. Late in 1740 the king ordered that the entire subsidy be remitted to Cuba in hard money. Here the newly formed Royal Company of Havana would contract for supplies required by the Florida garrison, obtain the necessary money from the subsidy, and send on the remaining specie to Saint Augustine.