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11. Centralized Funding of the Army in Spain

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Chapter Summary

This chapter intends to contribute by explaining the changes that were introduced in the mid-seventeenth century to improve the funding of the Spanish garrisons. It tries to explain the privatization of military management that took place during the 1630s, the centralization of funding of the Spanish garrisons under the management of Octavio Centurión, who was one of the Genoese bankers under Philip IV. Even though he continued to sign asientos, his participation in the royal finances was channelled through the garrison factoría in 1633. Octavio took over the collection of the money assigned to the factoría as well as its delivery to different points of the peninsula. Unlike the contracts of provisions that were signed to finance galleys, the garrison factoría was an open contract. In order to facilitate his credit and to speed up the provisions, Octavio was granted facilities for seizing resources within and outside of Spain.

Keywords: garrison factoría; military management; Octavio Centurión; Philip IV; seventeenth century; Spain



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