62 



CHILI. 



East Indian merchant receives a valuable return 

 cargo for his goods ; the population of Chili are 

 supplied at low prices with articles which they 

 want, but cannot produce at home ; the consignee 

 having made the required remittance, and charged 

 his commission, makes a further profit on the re- 

 tail distribution of the imported cargo ; the agent 

 at Coquimbo, besides gaining by the sale of his 

 copper, acquired in the manner already described, 

 gets a per centage on the transaction ; and lastly, 

 the produce of the mine is enhanced in value to 

 its owner, while the expences of all his operations 

 are reduced. 



Such manifest advantages have naturally direct- 

 ed much capital to this productive sovirce of wealth ; 

 and fresh mines are opening in all parts of the 

 mining district, under the genial influence of the 

 new system. As the increased supply may be ex- 

 pected to lower the price of copper, a more ex- 

 tensive use of the article will inevitably follow, 

 which will be succeeded, in due order, by a great- 

 er demand. All this, however, it is important to 

 observe^ is new to South America ; and the ex.- 



1^ 



