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Rh 's expectations being fulfilled; while I see great reason to hope that, during the two subsequent years of 1829 and 1830, a large portion of the capital invested will be repaid.

The Directors of the "Mexican Mining Company," having neither given to the world a statement of the amount of the capital laid out by them, nor published any documents with regard to the former produce of their mines, I can make no calculation whatever as to the amount which may be expected to be derived from them. The Directors, however, stated, in their communications with me, that, both at Sumoloacan, (near Perote,) and in Oaxaca, the mines actually working by the Company were in full produce: that, at the first place, they considered the quantity of ore on hand as fully equal to the expenditure; and that, although this was not yet the case in Oaxaca, the mines there had yielded, up to the end of December 1826, twenty-six bars of Silver, worth, (including a small Ley de Oro) about 30,000 dollars.

The disorganization of the Catorce Company, occasioned by the failure of the House of Goldschmidt, prevented their Directors from favouring me with any report. I was, however, enabled to ascertain, during my journey North, that their outlay at Catorce did not exceed from Thirty to Forty thousand pounds. Fifty thousand pounds more are required, and two years' time, to complete the principal work which they have undertaken there;