Page:Mexico in 1827 Vol 2.djvu/53

Rh of the effects which it might produce in Mexico, caused a considerable fluctuation, and the Coinage of the year in the Capital fell to 10,406,154 dollars. In 1821, when these apprehensions were realized, and the separation from the Mother-country became inevitable, the whole disposable capital, that had remained till then invested, was withdrawn at once, and the coinage in Mexico sunk to five millions; from which it fell to three and a half, at which it continued during the years 1823 and 1824.

In 1825, the foreign capitals recently invested began to produce some effect; but, in 1826, the total amount of the coinage in the five mints of the Mexican Republic did not exceed 7,463,300 dollars, as will appear by the Table, marked No. 12.

This is not to be regarded as indicating a failure on the part of the Companies, but merely as proving that the capital introduced by them had not then proved an equivalent for the capital previously withdrawn; or, at all events, that time had not been allowed to repair the ruinous consequences of the sudden abstraction of that capital, and the suspension of all Mining works that ensued.

But this inquiry belongs more properly to the Second Section, to which I shall accordingly proceed, begging leave to refer my readers to the twelve Tables annexed to this Section, (none of which are, I believe, as yet known to the Public,) for a more detailed examination of the data upon which my calculations are founded. They consist mostly of