with all those who have had an opportunity of inquiring into the resources of New Spain,) I do regard it as so well ascertained a fact that her mineral riches are almost unexplored, that I am willing to rest upon it my whole calculation with regard to her future importance as a country. I have not formed this opinion hastily, or without endeavouring to collect all the data respecting it, that it is possible to obtain in the present unsettled state of the country; but having formed it, (whether correctly or erroneously, time alone can determine,) I cannot lay it aside at pleasure, in an investigation, the result of which it must materially influence. I need not, however, remind my readers, that I am here only canvassing probabilities, nor again urge upon their attention the fact, that, whatever be the capabilities of the country, their developement depends upon the general course of events, which may advance or retard the moment, at which the extent of the resources of Mexico can alone be fully known.
I shall now quit a part of my subject; upon which so much uncertainty necessarily prevails, and revert to one that admits of a more accurate investigation, viz. the immediate influence of the mines upon the commercial demand, with a few observations upon which I shall beg leave to close this Book.
In an extensive Mining Negotiation, one-half of the annual produce may be fairly taken as the amount brought into circulation in the country by the expences of working. This half is distributed,
