Mr. Alaman stated, however, that "as the large capital of the Company enabled it to work a number of districts at one and the same time, the probability of great profits increased in proportion to the number of mines capable of producing them:" and he adds, "that, if the past can be taken as a criterion for the future, many of the mines worked by the United Mexican Association, (as El Pavellon, at Sombrerete; San Bernabé, or San Acasio, at Zacatecas, and Rayas, at Guanajuato,) were capable of covering, in a very few years, the whole outlay of the Adventurers;" (although that outlay amounted, at the close of 1827, to 800,000l.;) "without reckoning many other mines, in the possession of the Company, celebrated for their former riches, or the new mines of Sĕchō and Lŏrētŏ, which had already repaid the advances made upon them, and were producing profits."
In another part of his report, Mr. Alaman stated, that in almost all the districts the preparatory works were nearly concluded; and that, with the exception of the two great mines of Rayas and San Acasio, in the course of the present year, (1828,) all the mines of the Company would be in full produce. For the two exceptions, he fixed, as the maximum of time required, the autumn of 1828, so that in 1829 the Adventurers may hope to reap the full fruits of their present advances.
If my faith can be placed in Mining calculations at all, these fruits must be very considerable; for the United Mexican Company possesses, perhaps, a
