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84 Adventurers reach the lower levels, they have almost a certainty of being repaid for a part, at least, of their advances.

Secondly, The great progress that has been already made by all the Companies: the forward state of their preparatory works; and the rapidity with which, after making roads, rebuilding Haciendas, and laying in stores of all kinds, they are now approaching the lower workings of their different Mines, where the demand for farther advances, on the part of the Shareholders, will cease.

Thirdly, The certainty, that errors once committed, will not be repeated; that every precaution is now taken in order to confine the operations of the Companies to those Mines from which speedy returns may be expected; that the greatest activity is displayed in every one of the negotiations; and that this activity is rendered doubly efficient by the lessons of the last three years.

My own experience enables me to add that, in Mexico, there has been no instance of any of those disgraceful speculations which have contributed so much to discredit, in England, Mining Adventures