Page:Mexico in 1827 Vol 2.djvu/63

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MEXICO IN 1827.
49

buted, (according to Humboldt) with more liberality than judgment; there being instances on record of individuals having obtained "Avios" of from two to three hundred thousand dollars, for single Mines. But although, in more than one case, the whole of the money thus improvidently invested was lost, great enterprises were encouraged by the certainty, which every respectable Miner felt, that, in an emergency, it would always be in his power to obtain assistance: and this, in conjunction with the removal of the commercial restrictions, by which the progress of the Country had before been cramped, but which were much diminished in 1778 by the Decree of Free Trade, exercised so beneficial an influence throughout New Spain that the produce of the Mines increased, (in a term of ten years,) from 112,828,860 dollars, (which was the amount of Silver raised from 1760 to 1769,) to 193,504,554 dollars, which were yielded by the mines from 1780 to 1789, when the ameliorations introduced began to produce their full effect. From 1790 to 1799, still farther progress was made, the produce having amounted to 231,080,214 dollars, or more than double what it had been in 1769; and there is little doubt that the increase would have continued in a similar ratio, during the next ten years, (from 1779 to 1809,) when the produce only amounted to 220,265,711 dollars, had not the munificent donations of Charles III. been swallowed up by the distresses of his Successors. During the wars which fol-