From Stanley Karnow’s “In Our Image” (1989) ISBN-10: 0345328167
Roxas himself revealed that the Ayalas, Zobels, Sorianos, Elizaldes, Aranetas, Razon were his relatives. It is not surprising that Roxas’ relatives had some share in the $2 billion reparation funds that disappeared. From 1946 to be connected to those from Iloilo and Negros is the best qualification one needs to succeed in the Philippines. It is not clear if Manny Villar of Iloilo is related to the Roxases.
“Osmena judge the alternative to the old oligarchy is chaos.” This is wrong. Reverting back to being a U.S. territory is the best. The oligarchs wanted control not only of their lands but also non-Ilonggo or non-Bisayan lands. It’s greed pure and simple. Below is page 326.
The other group of oligarchs are ethinic Chinese, Cojuangco, Lopez and others from Negros.
A. Roxas, Sr.’s “record was blemished with doubts about his role during the Japanese occupation.” p.326 