Tanduay’s Roots is PH’s First Economic History Museum
The country’s first Museum of Philippine Economic History has recently opened in what was once the Ynchausti Commercial House in Calle Real in Iloilo, home of the company that started what will eventually become the world’s number one rhum, Tanduay. Before the National Historical Commission restored the building into an economic history museum, it was used as the provincial offices of the Commission on Audit. For the longest time, however, it was known as the Elizalde building. In 1854, according to local historians, the building was home to a conglomerate Ynchausti y Compania (also Ynchausti y Cia), whose founders were the basques José Joaquin Ynchausti, Joaquin Elizalde and Valentin Teus. They consolidated their companies’ assets including Tanduay. When the Elizaldes bought the Ynchausti shares in 1934, they renamed the company to Elizalde Y Cia. Other than historical data, the museum showcases many of the important artifacts of companies that thrived in ...