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106 valued at more than 30,000 dollars, was, in 1826, reckoned worth 100,000.

I may add, that from August 1826, up to the time of my departure from Mexico, (May 1827,) the mines covered their own expences; and that, during the month of March alone, (1827,) the silver reduced in the Haciendas of the Company amounted to 54,964 dollars.

The want of Records of former produce has prevented Mr. de Rivafinoli, the Director of the Tlalpujahua Company, from hazarding any calculation, as to the probable amount of the produce of the mines belonging to that Association.

He stated, however, in a Report, dated September 1826, that, from the 1st of January 1827, he expected to be enabled to cover his expences, and to pay an interest of ten per cent, upon the capital invested, which only amounted then to 160,000l.

These hopes have not been realized up to the present moment, accidental delays having occurred, as in every other Association; but, from the forward state of all the preparatory works, the admirable system which has been introduced at Tlalpujahua, and the great promise of some of the ores that have been raised, I am inclined to think that the year 1828 will not elapse without Mr.