Page:Mexico in 1827 Vol 2.djvu/50

Rh in the registered Exports, to the amount of which it must consequently be added.

Having arrived at this conclusion, it remains to fix the sum, at which the capital actually withdrawn in Specie must be estimated.

The lowest calculation of the Mexicans upon this subject is eighty millions of dollars, while many go as high as one hundred and forty millions.

The last is utterly impossible, for the Minimum of eighty millions would leave the country without any circulating medium at all.

I have supposed seventy-two millions to have been the accumulation of the precious Metals in Mexico in 1810; which, with the whole produce of the mines up to 1825, gives a total capital of two hundred and thirty-seven millions of dollars.

If we add to the Exports, as given in the preceding pages, (167,404,273 dollars,) eighty millions of dollars more, we should reduce the currency of New Spain in 1827 to ten millions of dollars less than nothing. I should be inclined, therefore, to take one third of the registered Exports, (109,204,554 dollars,) as a reasonable estimate of those of which no entry was made.