Polynesian., 1844-08-10

thO SoNCIuluCuJ TcVulTeS. TAKING
Vera Cruz at SO, 900, 900
Tampico and Matamoros 1000, 900
Alvarado, Campeche, Sisal, Isl
la del Carmen, Tabasco, Soto ) 1000, 900
la Marina, SC.
The custom houses on the Pa 1000, 900
cific -
In all Sl5, 200, 900
yearly, more or less, while all the expenses
OF the administration, without meanness, may
be covered with So, O0O, 900, reckoning up
on the existence of merely what is always
considered necessary, though with the exist
ing burden of its chiefs, officers, rewards,
retiring allowances, pensions, superannua-
tons, and other disbursements of this class"
This is "a most important admission coming
from such a quarter, and so far as regards
the rerenue which may be raised in this coun-
try, agrees with q calculation founded upon
its population and natural wealth which |
made at page 9th of certain observations on
colonization, which under date of 10Th ult.,
(betOre | had seen Mr.. Garay's memoria) |
had the honor of making to His Excellency
Dor Jose Maria Bocanegra, the present min
lister of Foreign and Internal Relations.
These observations are sent herewith, and
will be afterwards referred to-.
As a subject intimately connected with
the finances of the country, ] have now to
touch upon the production of its mines, and
the yearly coinage, since its independence.
Baron Humboldt states that the whole of
the Gold and Silver produced from 1850 to
to 1903, was in value 81 1853, 452 ,O2O*. This
for 43 years that elapsed between the two
dates, gives a yearly average Of f,3l ,475,
627, which does not accord with the proper
ton of 1923 100000, which he assigns to
Mexico, out of the S43, 500 900, allotted to
all South America, taken together, as the
whole annual production of their mines, at
the beginning Of this century.
Nor does it agree with the calculations by
M. 81. CLAIR Duport, in his work on the pro-
duction of the precious metals in Mexico, of
this year published in Paris. He publishes
a table giving the amount of the coinage
from 1888 to 1910 inclusive, according to
which, the following results appear, viz
Silver. Gold. Total Value.
sl,335, 932, SOC 65,5S7, 500 l,4Ol $50 lO9
Add for 1871, l2,73l,747 Isl, 05S l3,4s2, sos
I" " 1912, total for silver and gold, ~l3,979,7l4
And we attain a total of = 81, AIS, 9s2, 62s
AS the amount of the coinage from 1888,
being 100 years, and thus yielding a yearly
average of Sl3, 100 ,932, or of IL, $50, 751-
including 1888, and taking for an average
the 10 years, which | find ought to
be done.
M. Duport divides his table into the fol-
lowing epochs, viz
Silver. Gold. Average.
It's yrs-l733t to 1900 sl4.689A69 G28,2o7 i5,Si7766
%2-lo'" 1901 to 1910 81, 562, 4a6 l~,l02,Is6 $500 s22
$50 " 1871 tol84o 9,s89,444 5as,777 ~lO,428y22l
80" 1871 l273l,7l7 75l,o5s l~3,4saJso5
O,l - ,.l,,l I 4 Il 49,, ",-,-
OF course the coinage does not represent
the total production, for Bullion is exported
in bars, under license, and by contraband,
without license, and there is an ~accumula-
ton of bars and ingots in the country, by
parties who acquire wealth and hoard it in
these species. 1t is therefore impossible 20
arrive at the exact amount of production.
M. Duport attempts to give some idea Of it,
by calculating the amount of clandestine ex-
fractions, and takes as an illustration the
year 1871. He calculates that to the Sl3,
482, 800 in silver and gold coined that year,
he may fairly add 81, 507 ,2O5 for bars of
gold and silver exported by the ports of the
Pacific, which would give for the total pro-
duction of that year ST. 10000; and he
thinks that a fair proportion, to add to the
S312, SAG, 7l3 coined during the 30 years,
from 1911 to 1910; but he would not make
the same addition to the coinages of the lst
and Cd epochs before mentioned, considering
that under the Spanish regime such clandes-
tine exports were seldom made.
Applying M. Duport's rule, founded on his
calculation for 1871, we have to add to the
S3l2, 846, 7l3 coined during the 80 years
above mentioned, SlO4, $50, 4l2, which makes
the whole 80 years production All ,429, 1875,
giving a yearly average Of 1924, 3O4, in