shares, which originally cost $22,800, were still held by Spaniards and Mexicans. These mines were originally wrought by the state of Zacatecas; but, in 1836, Santa Anna took possession, by an alleged right of conquest, and rented them for twelve years, to the successful company. In the first half year of 1841, they produced $1,025,113, at a cost of $761,800, or a clear profit of $263,313.
Mexico, under the colonial system with the immense product of her mines, and notwithstanding the richness of her soil for agricultural purposes, became almost entirely a silver producing country. The policy of Spain was, as we have already often stated, to be the workshop of the New World, while Mexico and Peru were the treasures of the Old. The consequence of this was natural. Mexico, one of the finest agricultural and grazing lands in the world, but with no temptations to export her natural products, as she had no markets for them elsewhere, and no roads, canals, or rivers to convey her products to seaports for shipment even if she had possessed consumers in Europe, at once devoted herself to her mines which were to be both wealth and the representatives of wealth. Her agriculture, accordingly, assumed the standard of the mere national home consumption, while the pastoral and horticultural interests followed the same line, except perhaps, within late years in California, where a profitable trade was carried on by the missions in hides and tallow. From this restrictive law of exportation we of course except vainilla, cochineal and a few other minor articles.
The sources of the wealth of the principal families of Mexico will consequently be found in her mines, and an interesting summary of this aristocracy is given by Mr. Ward in his "Mexico in 1827," to prove the fact. The family of Regla, which possessed large estates in various parts of the country, purchased the whole of them with the proceeds of the mines of Real del Monte. The wealth of the Fagoagas was derived from the great Bonanza of the Pavellon at Sombrerete. The mines of Balaños founded the Vibancos. Valenciana, Ruhl, Perez-Galvez, and Otero, are all indebted for their possessions to the mines of Valenciana and Villalpando, at Guanajuato. The family of Sardaneta,—formerly Marqueses de Rayas,—took its rise from the mine of that name. Cata and Mellado enriched their original proprietor, Don Francisco Matias de Busto, Marquis of San Clemente. The three successive fortunes of the celebrated Laborde, of whom we shall speak hereafter when we describe Cuernavaca, were derived from the mines of
