The Sun.
London, England, 1827-09-15 00:00:00

SOUTH AMERICA.

By the ship Huron, Bunn, arrived at Cowes from
New York, which place she left 21st ult., papers
have been received at the North and South Ameri-
can Coffee-house, up to that date inclusive.
The Baltimore Advertiser contains an extract of
a letter written by an American gentleman, lately
arrived from Mexico. His account of the causes
which have suspended the working of the mines of
precious metals in that country will not, perhaps, be
considered devoid of interest.

" We know," observes he, " that at a former
period Mexico was the country from which Spain
drew its immense wealth, and it is well known that
the mines were the sources from which this wealth
originated : the country was filled with adventurers
from Old Spain, who in a short time either returned
or became permanently settled, after having amassed
immense fortunes from the mines. lam told that
eighteen millions of dollars went annually to the
King, besides incalculable sums to private individuals.
Soon after the United States became independent,
political troubles commenced by degrees in the
Spanish colonies, which in the course of time took
a serious aspect; civil order became gradually civil
confusion, and war and desolation marked the pro-
gress of a revolution. In this confusion of things, the
tenure of property became uncertain ; capital was
called in, and commercial intercourse destroyed.
These changes caused all the mines in the country
to be abandoned. Thus affairs continued for up-
wards of twenty years. Reflect but a moment on
these things, and can you conclude that the condition
in which we now find business of all kinds a matter
of wonder ? On the contrary, it is surprising to me
that it is no worse, considering the moral condition
of the people, just emerged from the depths of igno-
rance and oppression. A great change has taken
place ; things are rapidly improving, and the country
seems to be quietly settled down into a state of
security and independence; and what will be the
consequence ? With the restoration of order confi-
dence' will be renewed—capital again set afloat—
enterprize awakened, and every thing established on
a better footing; in fact it is already the case. There
may be feuds and rumours for some years, but they
will be trifles light as air, that can never affect the
political condition of Mexico. Thus much have I
said respecting the stability of the Government, as
-4Pgq ?tp political condition may be said to depend,
in some measure, of the mines, These are
circumstances which Will greatly facilitate and hasten
the restoration of those colonies to their former state
of prosperity.
The attention of foreigners has been attracted by
the fame of Mexican Mines, and vast sums have been
applied to work them ; and if this laws of uature
have not changed with the laws of the land, immense
profit wilt be the final result, Ido not pretend. to
say that all the wild fantastical visions of millions on
millions that dance in the brain of the crazy
specula-
tors, will embody themselves into real statues of gold
and si!ver ; but I do venture to predict, that in a
I,ery short time se the expectations of any. rational
man will be fully gratified. Suppose ten millions to
have been expended in the Mines owned by Foreign
Companies, 25 per cent. on this amount is two and
a-half millions; and it is a well-authenticated fact,
that many, very many, of the individual Mines held
by these Companies have given that annually. I
know there are a thousand reports about the failures
of these Companies; do not believe them, for I as-
sureen-
tertain doubt of the ultimate success of them all,
you that They are all without foundation; I
although some may be a longer or shorter time in
accomplishing their objects, in proportion to the
facilities they meet with, or the difficulties they may
have to overcome.

KEY WEST) JULY IS.—►The Mexican banner iS

PRICIS OF STOGY'S THIS
Bank Stock
3 per Cent. Red.
3,per Cont. Cons.— 871 A % I
R; per Cent. —
"tto Red —

4 per Cent. New 101%X%
Ditto, IS'?t3
Bank L. Ann.
India Stock
Ditto Bondki 9l 93 pm.

PRICRS OF FOREIGN FUNDS
Austrian Bends, 5 per cent.
Brazilian Bonds 65 4 2%
Buenos Ayres Bonds.
Chilian 80nd,,, 6 per et —
Colombian Bonds
Ditto, 1824
Danish, 8 per cent. 6,0434
Greek Bonds
Ditto, 1826 15 15 }4
Guatemala
Mexican Bonds
Do. 1825 47 504891 i 9 Si 9} 9 Si