46 



CHILI. 



est part of this goes to Calcutta, a small quanti- 

 ty to China, and the rest to the United States, 

 and to Europe. 



The annual export of silver may be stated at 

 twenty thousand marcs, at eight dollars per marc ; 

 but this quantity varies considerably. Of gold, 

 it is difficult to speak accurately, but its export is 

 very trifling, and of late has been falling off, in 

 consequence of the mining capital finding more 

 advantageous employment in working copper. 



This subject is rendered more than commonly 

 interesting at this moment, from its affording 

 some valuable examples of the practical operation 

 of free trade. Three important commercial ad- 

 vantages have taken place, in consequence of the 

 Revolution : the enlargement of the market caused 

 by opening a trade with all the world ; the in- 

 creased price of copper, consequent upon fair com- 

 petition ; and the diminution in the cost of its 

 production, owing to the fall in the price of every 

 article used in the mines. 



To place this in a striking point of view, I sub- 

 join a table of the prices before and after the Re- 

 volution. 



8 



