238 DECLINING PRODUCE CHAP. XXV. 



likely to fall into the opposite error, and rather to 

 over than under-state the expected produce. The 

 highest estimate of what may be the actual coin- 

 age does not carry it higher than twelve million 

 dollars, which it is said " will probably be at- 

 tained by the year 1830." 



A periodical work entitled the " Quarterly 

 Mining Review," four numbers of which have 

 appeared in London, gives a variety of details 

 of the operations of the several adventurers in 

 America, into which it is not within the compass 

 of the plan of this inquiry to enter. It is, how- 

 ever, impossible to go through the pages of that 

 work without coming to the conclusion that what- 

 ever may be the future products of their under- 

 takings, they have not had hitherto the effect of 

 increasing the quantity of gold and silver raised 

 in Mexico to an extent much beyond what was 

 produced in the year 1825, when their works had 

 scarcely commenced. In that year, by the state- 

 ment in the Appendix, No. 7> it is seen that the 

 mints of Mexico, Guadalaxara, Durango, and Zac- 

 catecas together produced ten million seven hun- 

 dred and forty-two thousand eight hundred and 

 sixty-five dollars. As some progress may have 

 been since made, we can scarcely be subject to any 

 error in allowing for the years 1826 and 1827 the 

 product to have amounted to eleven million five 

 hundred thousand dollars, and for the years 1828 



