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[BOOK IV.

Brought over

In 1548 the mines of Zacatecas began to be worked, and the mines of Guanaxuato in 1558; and nearly at the same period amalmagation was invented by Medina. We may reckon from 1548 till 1600 at least two millions, and from 1600 till 1690 three millions per an

num ·

The mines of Potosi, supplied from their discovery in 1545 till the year 1803, 1095 millions of piastres, or 128,882,000 marcs; namely, from 1545 to 1556, nearly

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From 1559 to 1789, according to the registers of the treasury

already given

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Add, on account of the value of the peso de minas, from 1556 to 1600

Produce of Potosi, from 1789 to

1808

Piastres. 1,398,952,000

$74,000,000

127,500,000

788,258,500

134,000,000

46,000,000

Carried over 2,863,710,500

Brought over

The mines of Pasco or Yauricocha, discovered in 1630,

yielded up to 1803 nearly 300 millions of piastres, or 35,300,000 marcs; namely, from 1630 to 1792, at 200,000 marcs per annum From 1792 to 1801, according

to the registers

Produce of the Cerro de Yau

ricocha, from 1801 till 1803 The mines of Gualgayoc, discovered in 1771, yielded up to 1773 nearly 170,000 marcs of silver per annum

From 1774 till 1802, for the

mines of Gualgayoc, Guamachuco and Couchucos

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I estimate the produce of the mines of Huantajaya, Porco, and other less considerable Peruvian mines, from the 16th century till 1803, at 150,000 or 200,000 marcs of silver per

Piastres. 2,863,710,500

274,400,000

21,501,600

3,400,000

4,300,000

185,339,900

504,000

annum

350,000,000

Carried over 3,703,156,000

Piastres.

Brought over 3,703,156,000

Choco was peopled in 1539; the province of Antioquia, then inhabited by cannibals, was conquered in 1541. The alluvial mining tracts of Sonora and Chili began only very late to be worked. If we reckon 12,000 marcs of gold for the total produce of the Spanish Colonies, not including the kingdom of New Spain, we may add

Registered Gold and Silver of

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332,000,000

the Spanish Colonies, from 4,035,156,000 1492 to 1803

B.

PORTUGUESE COLONIES.

Raynal supposes, for the first sixty years, a produce the double of the present. He admits, that according to the registers of the fleets, since the discovery of the mines of Brazil till 1555, there has come into Europe, in gold, the value

of

480,000,000

Carried over

480,000,000

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II. Gold and Silver not registered, extracted from the mines of the New Continent, from 1492 to 1803.

A.

SPANISH COLONIES.

I reckon for New Spain, where
the furtive extraction was very
considerable till the middle
of the eighteenth century, a
seventh
For Potosi, the fourth of the
total produce, on account of
the enormous contraband at
the beginning of working the
mines

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Pasco, Gualgayoc, and the rest of Peru, where the silver is carried off on the Amazon river towards Brazil

260,000,000

274,000,000

200,000,000

Carried over 734,000,000

VOL. III.

E E

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RECAPITULATION.

Value of Gold and Silver extracted from the mines of America, from 1492 to 1803.

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