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 THE] 
 
 TABLE 
 
 BOOS 
 
GENE RAL GUIDE 
 
 TO THM 
 
 COMPANIES 
 
 FORMED VOR WOllKINa 
 
 FOREIGN MINES, 
 
 WITH 
 
 THEIR PRO.-^'iiCTUSES, AMOUNT OF CAPITAL, NUMBER 
 OF SHARES, NAMES OF DIRECTORS, &c. 
 
 AND 
 
 AN APPENDIX, 
 
 SIIOWINQ TIIRIR 
 
 PROGRESS SINCE THEIR FORMATION, 
 
 OBTAINED FROM 
 
 AUTHENTIC SOURCES; 
 
 WITH A 
 
 TABLE OF THE EXTENT OF THEIR FLUCTUATIONS IN PRICE, UP TO 
 
 THE PRESENT PERIOD. 
 
 BV 
 
 HENRY ENGLISH, 
 
 STOCK AND EXCHANGE BROKER. 
 
 LONDON: 
 
 BOOSEY §• SONS, 4, BROAD-STREET, ROYAL EXCHANGE. 
 
 1825. 
 
 i ,s 
 
 mJ 
 
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ff r 
 
 W. WILSON, PRINTTEB, W, 8KINNKR-9TRKET, LONDON. 
 
At a period when Joint Stock Companies, particu- 
 larly those formed lor Mining operations, engage so 
 large a share of the public attention, it is presumed 
 that this Pamphlet cannot be otherwise than ac- 
 ceptable. Of the correctness of his statements the 
 Compiler can speak with confidence, and it is with 
 feelings of pleasure he avails himself of this opportu- 
 nity of acknowledging the kind assistance he has re- 
 ceived from gentlemen, who, by the information they 
 have afforded him, have mainly contributed to the 
 completion of this work. 
 
 It has been his object, in the following pages, to 
 furnish a compendium of useful information, confining 
 himself to the operations of the respective Com- 
 panies, and avoiding unnecessary details, which 
 might have led him to an extent beyond the limits of 
 a Pamphlet. 
 
 23, Threadneedle-Street 
 
 
 \st October, 1825. f 
 
Under 
 thi 
 
 thi 
 SI 
 an 
 ha 
 ria 
 Pr 
 sai 
 Our rei 
 th". 
 tioi 
 
 ANGI 
 TIO 
 
 Tin, 
 
 Capital- 
 
 Stewart Mi 
 Nicholas G 
 John Loch, 
 Mathew Hj 
 

 MINES. 
 
 Under this head we purpose inserting alphabetically 
 the Prospectuses of the various Mining Com- 
 panies which have been brought forward, qivinq 
 them verbatim from the ORIGINAL PRO- 
 SPECTUSES, with the exception of the Rules 
 and Regulations, which in some few instances we 
 iMce compressed for want of space, hut have inva- 
 riably %n such cases given a reference to a full 
 Prospectus, the regulations of which are the 
 same. 
 
 Our remarks as to their progress being obtained from 
 th'i most autfientic sources and original informa- 
 tion, may be confidently relied upon. 
 
 ANGLO-CHILIAN MINING ASSOCIA- 
 TION, for working Gold, Silver, Copper, 
 Tin, and other Mines, in Chili. 
 
 Capital— £1,500,000, in 15,000 shares of £100 each. 
 
 DnUBCTORS 
 
 Stewart Maijoribanks, Esq. M . P, 
 Nicholas Garry, Esq. 
 John Loch, Esq. 
 Mathew Harrison, Esq. 
 
 John Henry Pelly, Esq. 
 James Pattison, Jun. Esq. 
 Richard Mee Raikes, Esq. 
 Charles Poulett Thomson, Esq. 
 
 AUDITOHIS. 
 
 George Raikes, Esq. WUliam Ward, Esq. 
 
 George Rougemont, Esq. 
 
 c- «Tn'*^^''^ Curries, Raikes, and Co. 
 
 bu- William Curtis, Bart. Robarts, and Curtis. 
 
 SOUOITOR. 
 
 John Crosland, Esq. 
 
 SBORETABV. 
 
 Mr. P. H. Abbott. 
 
 OJice, No. 68, Old Broad Street. 
 
 l» 
 
 ,ff' . I 
 
 i' 
 
 B 
 
 I '; 
 
The ferritorioa of Chili, and more paniciilarly those parta which are 
 situate between llie parallel of 35° of southern latitude and the 
 northern boundary, are known to abound in rich Mines of Gold, 
 Silver, Copper, Tin, and other inineralH. Several of the Mines 
 have been wrought for centuries, and have formerly beers highly 
 productive to the court of Spain, but by far the greater number of 
 them have either not been worked, or wrought partially and 
 ineflBciently. 
 
 Few countries are so well watered as Chili. Numberless rivers 
 flow from the western declivity of the Andes, rendering the vallies 
 fertile, and aflbiding means of conveyance by water to the ports of 
 the Republic in the Pacific Ocean. Chili also possesses Coal 
 Mines, and a temperate and salubrious climate ; and from the settled 
 state of its government, and the value of its commercial intercourse 
 with Gieat Britain, there is every probability of its independence 
 being shortly recognized by the British Government. 
 
 English Consuls reside at Santiago and Valparaiso, to protect 
 
 British interests. 
 
 The object of this Association is to employ its Capital in working 
 Mines, in the purchase and reduction of Ores, Minerals, and Metals, 
 and in other matters connected with Mines. 
 
 As no contracts can be entered into, or any exclusive powers or 
 privileges obtained in Great Britain, for working the Mines of Chili, 
 the Association has been established with the sanction and approba- 
 tion of his Excellency Don Mariano I>e Eoana, as Minister Ple- 
 nipotentiary from the Chilian Government, with the view of sending 
 out to Chili intelligent and well-qualified persons to examine its 
 various Mines, and to contract with the government and indivi- 
 duals, for such Mines of Gold, Silver, Copper, and other Minerals, 
 as may be most beneficially worked. 
 
 A gentleman, a native of South America, who formerly resided 
 in England as representative of one of the South American Re- 
 publics, and is intimately acquainted with the highest Authorities 
 of those Governments, haa ofiered his services to accompany to 
 Chili the other Agents of the Association, in order to promote its 
 interests. 
 
 The following are the Regulations under which this Association 
 
 is established ;— 
 1. The Capital is to be One Million Five Hundred Thousand 
 Pounds Sterling; divided into fifteen thousand shares of One 
 Hundred Pounds each. 
 
■■^»iflirf 
 
 8 
 
 % The first Instnlmenf of £ii per share is to he paid forthwith 
 into the handH of either of the Bankers to the Association to the 
 account of the Directors, and the remaining £9') per share by such 
 instalments as may be from time to time required by the Directors, 
 upon their giving- twenty-one days previous notice of each call. 
 
 3. Qualification of a Director 30 Shares. 
 
 of an Auditor 20 Shares. 
 
 At all Meetings of Shareholders each Propiietor of 
 
 10 Shares to have One Vote. 
 
 20 and upwards Two Votes. 
 
 4. After the first six Calendar Months from the date of the Deed 
 of Association, shares not to be deemed a qualification for voting, 
 until held for six Calendar Months. 
 
 5. The Directors are to appoint three Trustees from among them- 
 selves, in whose names all investments are to be made. 
 
 6. The present Directors are to remain in office for the first five 
 years; at the expiration of that time three are to go out annually, 
 but will be re eligible. 
 
 7. The Capital may be increased by the creation of a further 
 number of shares, if deemed advisable by the Directors for the time 
 being, and approved by a majority of Votes of the Shareholders pre- 
 sent at a General Meeting convened for that purpose. 
 
 8. As soon as the Directors shall consider that the concerns of the 
 Association are sufficiently advanced to enable them to report thereon, 
 a Meeting of the Shareholders is to be convened, and subsequently 
 a General Meeting of the Proprietors is to be held annuaUy, and the 
 progress and state of the concerns are to be reported to them. 
 
 9. The first Dividend is to be made as soon as a profit of .f 6 per 
 Cent, has been realized, and subsequently as circumstances may 
 admit. 
 
 10. No shares are to be sold or transferred, nor shall any Pro- 
 prietor be entitled to vote, until he shall have paid all the previous 
 calls thereon. 
 
 11. No transfer made by a Proprietor shall be valid at law or in 
 equity, unless the Purchaser shall have been approved by or under 
 the authority of a Board of Directors, and the Purchaser shall have 
 executed a proper Instrument to bind him to the observance of the 
 regulations of the Association. 
 
 12. The Association shall not act, or assume, or pretend to act as 
 a Corporate Body, or in any maimer contrary to existing laws. 
 Provwion is to be contained in all engagements to be made by or on 
 
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 I li 
 
 f?' 
 
 H;' 
 
 1^1 
 
 1 !'i;«i 
 
 t. i.«ri 
 
behalf of the Ahh(h iatioii, that no Shareholder «hnll be •iibjeot or 
 liable beyond the nnpaid amount of his nhare or ihareH (»f / 100 
 each. 
 
 13. A Deed is preparing, and when approved by a majority in 
 number of the Directors, is to be the Deed for establishing the 
 Association, and is to contain such covenants, provisoes, powers ol 
 reference to arbitrators, regulations for ujanaging the concerns, for- 
 feiture of shares, and dissolution of the Association, and such other 
 powers, stipulations, conditions, and clauses as the Directors or the 
 major part in nuniber of them shall deem best adapted to effectuate 
 the objects of the Association. The Deed is to be executed by each 
 Proprietor within twenty-one days after notice shall have been given 
 in the London Gazette and two doily Newspapers of its being ready 
 for signature, on penalty of forfeiture of the Instalments previously 
 made. 
 
 14. The Deed is to be subsequently enrolled in the High Court of 
 Chancery. 
 
 ASSOCIATION for assisting in WORKING 
 THE MINES OF MEXICO, and other 
 Parts of Spanish America. (This Company 
 is known as the Anolo-Mexican Mining 
 Association.) 
 
 Capital— £1,000,000, in 10,000 shares, of jClOO each. 
 
 Matthias Attwood, Esq. M. P 
 H. J. Anderdon, Esq. 
 David Bevan, Esq. 
 David Barclay, Esq. 
 Charles Herring, Esq. 
 George Lyall, Es(|. 
 
 DIREOTOnS. 
 
 M. Harrison, Esq. 
 J. D. Powles, Esq. 
 Edward Hurry, Esq. 
 
 Benjamin Shaw, Esq. 
 
 W.T 
 
 WiUii 
 
 AUDITORS 
 
 homnson, Ejq. M. P.& Aid. 
 William Ward, Esq. 
 
 William Fry, Esq. Thomas Richardson, Esq. 
 
 BABTKERS. 
 
 Messrs. Barclay, Tritton, Bevan, and Co. 
 
 Office^ No. 7, St. Helens Place, Bishopsf/ate Street. 
 
 * ¥c 
 
 The Shares of this Company were isiiued to the Public at 
 
 £5 per Cent. Premium. 
 
TiiiB A«H()ciati()u Iirh been formt'd for the purpose of Hupplymg 
 Capital f(.r putting in activity Home of the principal MinM in Mexico. 
 The working these Mines han been nuspended during the Revolu- 
 tion, by the disturbed state of the country. The principal part of 
 them arc, in consequence, at present nearly fdlcd with water ; and 
 the Proprietors having been for many years deprived of their Income, 
 are without means of restoring the Mines to a productive state. 
 
 Contracts have been entered into with the Proprietors of the fol- 
 lowing Mines, for working them on terms ' ;' mutual advantage, con- 
 sisting, in some cases, of a right to a share of the produce of the 
 Mine for terms of years, and in other instances of the cession of part 
 of the Proprietorship: viz. Valenciana, Tepeyao, Sirena, Oata, 
 La Luz, situated on the Mother Vein, in the District of Guanaxuato ; 
 and Pi!Ris8iMA CoNCEPciON, in the District of Potosi : and the ne- 
 cesnary Machinery will be immediately prepared, and forwarded to 
 Mexico, in performance of these Contracts. 
 
 The Mines which have been selected, rank amongst the most 
 productive in Mexico. That of Valenciana, which is the most 
 considerable, produced in the nine years, between 1794 and 
 
 1802, gross 13,805,007 dollars 
 
 The expenses of working it during the same period were 8,046,064 
 And there was annuctllij divided among the Proprietors 643,479 
 
 During this period the duty paid to the Government amounted to 
 29J per Cent, on the gross produce of the Mine, at present it is only 
 6 per Cent. The profit shared among the Proprietors, was taken 
 only on the produce of the Ores sold at the mouth of the Mine, and 
 exclusive of the advantage of reducing the Ores. 
 
 Official Documents state, that at the breaking out of the Revolu- 
 tion (1810), this Mine continued to produce Ores of the value of a 
 million and a half dollars per annum. It is believed, that by the in- 
 troduction of EngUsh Capital, skill, experience, and machinery, the 
 expences of working tliesc Mines may be greatly reduced, and their 
 produce much augmented. On this head it is sufficient to state, that 
 without calculating on any additional advantage from these causes, 
 and allowing the Mines to be only as productive, with the advantage of 
 English assistance, as they formerly were, the benefit to be derived 
 from the investment of Capital in the performance of these Contracts, 
 promises to be very ample. 
 
 The Proprietors of the Valenciana Mine calculate, that it will be 
 
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 1 
 
 p 
 
 m 
 
 L 
 
 
 I 
 
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6 
 
 able to provide for the repayment of the advances to be made for 
 working that Mine, within two years from the commencement of the 
 working , and also to make a division of profit jetween the Associa- 
 tion and the Proprietors, in the proportions agreed on. 
 
 Detailed information on the Mining District of Guanaxuato, in 
 wliich five of the Mines are situated, and on the Mine of Purissima 
 Concepcion of the District of Potosi (which is the Sixth Mine,) may 
 be found on reference to the third volume of " Humboldt's New 
 
 Spain." 
 
 Other Contracts, it is expected, from negociations now in progress, 
 will be hereafter offered to the Association, in Mexico, and other 
 parts of Spanish America. This Association will confine itself to 
 those Mines only which are opened, so that their value is ascertained 
 by authentic documents, and the working of which is only suspended 
 by temporary difficulties ; without embarking in the speculation of 
 opening new Mines, 
 
 The Mines contracted tor, are private property. A decree of the 
 Government of Mexico has been obtained,, guaranteeing the per- 
 formance of the Contracts, on the part of the Proprietors of the 
 Mines, except that those articles which stipulate for absolute Pro- 
 prietorship have been referred to the consideration of the Congress, 
 and a Committee having examined the question, has made a report 
 thereon to Congress, recommending the suspension of the la,v which 
 does not allow Foreigners to be Proprietors of Mines. The final 
 decision of Congress on tiiis point is expected by the first opportuaity. 
 The Capital of the Association is £ 1,000,000 Steiling, divided 
 into 10,000 shares of £ 100 each. 
 
 The first instalment of 5 per Cent, is to be paid into the hands of 
 Messrs. Barclay, Tritton, Bevan, and Co. immediately, and the re- 
 mainder by instalments of cf 5 per Com. from time to time, as the 
 concerns of ihe Company may require it, at the call of the Directors. 
 Thirty days notice to be given of each instalment, except the first, 
 being called for. 
 
 It is calculated that the. Contracts air* ady undertaken, will employ 
 a Capital of from £ 3 to 4C0,O0O, 
 
 The concerns of the Associatirju are managed by twelve Direciors, 
 who are clecf'-d ibr five years, at the end of which time three are to 
 go out "i.nually in the mode to be prescribed by the Articles. 
 
 Twenty-five shares arc the qualification of a Director, and twenty 
 shares the qualification of an Auditor. 
 
 The E 
 and to di: 
 the concu 
 pressed a 
 
 
 AClau 
 or obligai 
 stipulatinj 
 amount of 
 ciation sh 
 manner c( 
 
 A Geni 
 Wednesd 
 day in ea< 
 state of th 
 consider I 
 and Audi! 
 
 Three' 
 themselvei 
 sociation t 
 Securities 
 in their ni 
 order of ti 
 
 The Di 
 Secretary 
 ten shares 
 convened, 
 one days \ 
 
 No Pro 
 payment c 
 a proper i 
 and to obi 
 to be appi 
 
 The Co 
 not to be < 
 the Propri 
 

 
 7 
 
 The Directors are empowered to increase the number of shares, 
 and to dispose of the same for the benefit of the Association^ having 
 the concurrence of the major part of the Proprietors present, to be ex- 
 pressed at a General Meeting convened for that purpose. 
 
 Each Proprietor of 10 Shares, to have One Vote. 
 
 20 2 do. 
 
 50.. ,3 do. 
 
 100 4 do. 
 
 No Proprietor to have more than Four Vote?. 
 
 A Clause is to form a component part of all Contracts, engagements, 
 or obligations of every kind into which the Directors may enter, 
 stipulating that no share-holder is to be responsible for more than the 
 amount of his or her share or shares remaining unpaid ; and this Asso- 
 ciation shall not assume to act as a corporate body, or in any other 
 manner contrary to law. 
 
 A General Meeting of the Proprietors to be called on the first 
 Wednesday in January in the year 1826, and subsequently on the same 
 day in each year, for receiving a Report from the Directors on the 
 state of the Funds and Accounts of the Society, to declare Dividends, 
 consider Bye-laws, and fill up vacancies in the number of Directors 
 and Auditors. 
 
 Three Trustees to be appointed by the Directors from among 
 themselves, in whose names the Stock and accumulations of the As- 
 sociation shall be placed. All the Monies, Notes, Bonds, and other 
 Securities belonging to the Association, to be paid into the Bankers 
 in their names, and the same not to be withdrawn except on the 
 order of three or more of tlie other Directors. 
 
 The Directors to appoint a Secretary and all other officers. The 
 Secretary on request, in writings from tvventy-four share-holders of 
 ten shares each, staling the purpose for which a Meeting is to be 
 convened, is to call a General Meeting of Proprietors witliin twenty- 
 one days after the delivery of such requisition. 
 
 No Proprietor to dispose of his or her share or shares, until after 
 payment of all calls previously inade, and the purcliasers to execute 
 a proper instrument, binding themselves to make all future payments, 
 and to observe the regulations of the Association, and the purchasers 
 to be approved by the Board of Directors. 
 
 The Constitution of the Association, when settled by the Articles, 
 not to be altered, except by the votes of two-third parts in number of 
 the Proprietors present, at each of two General Meetings to be con- 
 
 id 
 
 if 
 
 ; ^ 
 
 »ii 
 
 K4 
 
 
 '-3$h. 
 
veiled tor that purpose, and <me to be at the distance of two calendar 
 months from the other. 
 
 A Dividend to be made as soon as the first profits of the Associa- 
 tion shall be reaUzed; and subsequently, half-yearly, as circum- 
 stances may permit. 
 
 A Deed for the establishment of the Association is preparing, 
 under the direction of the Directors. A Deed approved by the ma. 
 jor part of them is to be deemed the proper Deed for carrying this 
 plnn into effect; witn all such regulations, covenants, provisoes, 
 powers of reference to arbitration, forfeiture of Shares, and dissolu- 
 tion of the Association, and other clauses, as the twelve Directors, or 
 the major part in number of them shall think best adapted to the cir- 
 cumstances of the Association ; the Deed to be signed by every 
 Proprietor, within twenty-one days after notice shall be given of its 
 being ready for signature, on penalty of forfeiture of the first instal- 
 ment, and to be subsequently enrolled in the Court of Chancery. 
 
 THE ANGLO-PERUVIAN MINING AS- 
 SOCIATION. 
 
 Capital— £600,000, in 6000 shares of jglOO each. 
 
 OBAIUmAJff. 
 
 Edward Wright, Esq. 
 
 DEPUTY OHAmntAIC. 
 
 William Fairlie, Esq. 
 
 DIHECnrORS. 
 
 Sir Emanuel Felix Agar 
 
 Samuel Birch, Esq. and Alderman. 
 
 Life Dacrc, Esq. 
 
 M. A. Ooldsmid, Esq. 
 Philip Perring, Esq. 
 William Venning, Esq. 
 
 AUDITORS. 
 
 Stephen Nicolson Barber, Esq. Samuel Jamea Capper, Esq. 
 
 SBCBtETABlV. 
 
 Charles Dalrymple, Esq. 
 
 Sir John Perring, Bart. Shaw, Barber end Co. 
 SOUOITORS. 
 
 William Beetham and Sons. 
 
 This Association is formed for working Mines of Gold, Silver, 
 Quicksilver, and other Minerals, in the extensive Kiugdom of Peru, 
 as well as for the purpose of smelting, &c. the ores of their own 
 
 
~"^lfF' 
 
 9 
 
 Mines. Immediate arrangements will be entered into for the pro- 
 curing to this Association, on Lease or otherwise, such Mines m 
 shall be deemed eligible and advantageous, as well as to obtain 
 Grants or Leases of Mineral Ground for the purpose of opening and 
 working the same for the Association, To give an idea of the state, 
 wealth, and treasures of the Mines and the Mineral Ground of Peru 
 the followiug^extract, from Helm's Works, (who was a superintend 
 dent of t.ie Mines in the Province ofGuancavUica,) will convince 
 the most sceptical, that the Peruvian Mines, if properly worked, ex- 
 ceed ,n richness all others. - About eighty years ago a projecting 
 •' part of the mountain adjacent to La Paz tumbled down, there 
 " were severed from the stones lumps of pure Gold, weighing from 
 " two to fifty pounds; from the ignorance of the inhabitants, most 
 " of these treasures lie totally neglected. In the Province of Guan- 
 " cavihca Gold, Silver, and Quicksilver are plentiful. In short, so 
 " much doth rich ores abound here, "that the Mines, if tvorked with 
 a moderate industry and knowledge of Metallurgy, might yield 
 considerably more than th^ quantity necessary for the supply of 
 " the whole world." ^^ / •' 
 
 « 
 
 <t 
 
 
 *#* We deem it unnecessary to give the full Prospectus ; as this 
 Company was relinquished and the full deposit of £b per Share re- 
 turned. It is with pleasure we notice this circumstance, which has 
 also been done by other Companies where the Directors have taken 
 upon themselves the expences when the object of the Company has 
 been abandoned. It is not, however, general, as will be observed by 
 our remarks. 
 
 BRAZILIAN COMPANY. 
 
 Capital— £2,000,000 in 20,000 shares of £100 each. 
 
 DIRECTORS. 
 
 John Irvinj^, Esq. M, P. Chairman. 
 The Right Hon. Viscount Lowther, M. P. Deputy-Chairman. 
 
 ■oViarH Hncf rtoirlo Va^ 1V.1 D 117:11! ■»«■?„ T-i 
 
 Richard Hart Davis, Esq. M. P 
 Sir Robert I'arquhar, Bart. M. P, 
 Edward Fletcher, Esq. 
 Pascoe Grenfell, Esq. M. P. 
 John Innes, Esq. M. P. 
 
 William Morgan, Esq. 
 Sir P. Pole, Bart. M. P. 
 Sir John Rae Reid, Bart. 
 Sir George A. Robinson, Bart. 
 Owen WUliams, Esq. M. P. 
 
 AUDITORS. 
 
 Sir Francis Deaanges. Sir John Lillie. 
 
 M. G. Prendergast, Esci- M. P. 
 
 m 
 
 JM' 
 
 1 '^i{' 
 
 .'V. 
 
10 
 
 Sir P. Pole, Thornton, Free, Down, and Scott. 
 
 Messrs. Herries, Farquhar and Co. 
 
 SOUOTORS- 
 
 Messrs. Freshfield, Kaye, and Freshfield. 
 
 TrtE objecta of tins Association is the working Mines in the territory 
 of the Emperor of the Brazils, 
 
 These mines, for the most part, consist of Gold, Silver, Platina, 
 Copper, Iron, and other metals, and which are to be found in great 
 abundance, as will be seen by a reference to undoubted statements in 
 the publications of Southey, Henderson, Mawe, and others. 
 
 The Directors wiU avail themselves of any favourable opportunity 
 which may present itself, of employing the Capital of the Association. 
 
 The Regulations of this Company are in every respect similar to 
 those which will be found at length in the detailed Prospectuses of 
 
 other Companies. 
 
 «•# This Company not being yet out, we have deemed it unne- 
 cessary to insert a full Prospectus, therefore have embodied in the 
 foregoing remarks such general information as we think will be con- 
 sidered sulBcient. 
 
 THE IMPERIAL BRAZILIAN MINING 
 
 ASSOCIATION. 
 
 Capital— £1,000,000 in 10,000 shares of £100 each. 
 
 DIRECTORS. 
 
 Joshua Walker, Esq. M. P. Chairman. 
 
 William Plaxton AUcock, Esq 
 Timothy Abraham Curtis, Esq. 
 Joseph Fry, Esq. 
 
 Isaac Lyon Goldsmid, Esq. 
 
 Michael n ilhams 
 
 William Oxenford, Esq 
 
 Moses Montefiore, Esq. 
 Edward Oxenford, Esq. 
 Alfred PhUUps, Esq. 
 Henry Milnes Thornton, Esq. 
 ', Esq (of Truro.) 
 
 AVDITORS. 
 
 1 George Thackrah, Esq. 
 BAMKCRC 
 
 Messrs. Frys and Chapman. 
 
 SOUOTORS 
 
 Messrs. Freshfield and Kayc. 
 
 SfiORETARV- 
 
 Mr. Lewis Lewis, jun. 
 
 Office ^0. 9, Throgmorton-Street. 
 
 Agents in Rio Janeiro.— Ferdinand Oxenford, Esq. and 
 
 Messrs. Samuel, Phillips, and Co. 
 
 4- 4- 
 
 ■k 
 
 The Shares issued to the Public at 5 per cent. Premium. 
 
11 
 
 The Brazilian Governmpnt, relaxing in the restrictions imposed on 
 Foreigners by its ancient laws, has issued, in favour of Mr. Edward 
 OXENFOKD, an Imperial Decree, authorising and encouraging him to 
 form an Association for working the Gold and Silver Mines of the 
 Province of MINAS GERAES, under its special patronage and pro- 
 tection, the extraction of Diamonds alone being prohibited. 
 
 This Province, in which the greater part of the Gold hitherto found 
 in the Brazils has been produced, extends from 13^ to 26 degrees 
 South, and long. 43 to 48 West of Greenwich ; its boundary being 
 at a distance of about ope hundred and eighty miles S. W. from the 
 City and Port of Rio de Janeiro, and affording a ready and safe means 
 of transport for such valuable produce. 
 
 Its name (MINAS GERAES, or GENERAL MINES,) is de- 
 rived from the abundance and rich variety of its Minerals ; every 
 District of it containing the precious metals, as will be seen by a 
 reference to the best Authors on the subject of the Brazils *. 
 
 Tlie present Association is framed, with a view of availing itself of 
 the valuable privilege thus obtained-a privilege hitherto not en- 
 joyed by any Foreigner, and most difficult of acquirement, and 
 the greatest advantages may reasonably be expected from the intro- 
 duction of British Capital and Science to the working of the Mines 
 The Mountains are understood to abound in precious and other 
 Metals and Minerals, which may be obtained in a readier mt^nner 
 and at a less comparative cost, by a more direct application oi labour 
 and machmery than has yet been practised. The opinion thus enter- 
 tained, with regard to the treasure embedded in the Mountains of the 
 ProvmceofMinasGeraes, is considerably strengthened by the fact 
 of large lumps of Virgin Gold being often found near their summits 
 
 Hitherto, with some few exceptions, streaming has been the only 
 method resorted to by the Natives for obtaining the Gold brought 
 downf.om theMountains; butitisconsideredbyinanyeminentMiners 
 that Ir vcavatin^ the Mountains whence these Streams have their 
 source, tne most favourable results may be looked for ; and, indeed sd 
 convinced is the Brazilian Government of the insufficiency of the pre- 
 sent system, and importance of improvement, that his Majesty the Em- 
 peror in his Decree, expressly states, as one reason for this Grant 
 the advantages his Empire may be expected to derive from the In. 
 troauctton of Foreigners, bringing untk them the perfect methods 
 "f Mining adopted m Europe. 
 
 * ''«<'« Southey,Ht!ndcr«)u, and Mftwc. 
 
 
 \ '); 
 
 (.1 
 
 
 ;i!j 
 '■.'i' 
 
 
 ' ',Vi 
 
12 
 
 On the Conquest of Minas Geraes from the Indians, the Province 
 was apportioned by Grants from the Crown among the Subjects of. 
 Portugal, a great part of whom have abandoned these valuable pos- 
 sessions, imablc to derive any advantage from them, in consequence 
 of want of Capital, and their inexperience in the improved science of 
 mining. Permission to purchase, take possession of, and mine these 
 abandoned Grants?, has been obtained from the Government; and 
 from the little value that is attached to such Property, from the causes 
 before mentioned, and >.he great competition that must be excited for 
 Sale, when the choice is to be made, in a Country upwards of four 
 hundred miles long, and two hundred broad, the purchase-money 
 cannot, in a concern of this magnitude, be an object of any great con- 
 sideration. 
 
 The Official Copy of the original Grant may be seen at Mr. Ed- 
 ward Oxenford's Counting-house, No. 3, Howford Buildings, Fen- 
 church Street. 
 
 The following are the Regulations under which this Association is 
 
 established. 
 
 The Capital of One Million Sterling, is divided into Ten Thousand 
 Shares, of One Hundred Pounds each.— Deposit, £b per Share. 
 
 Thirty Shares are the qualiBcation of a Director, and Twenty Shares 
 the qualification of an Auditor. 
 
 Thirty days' notice to be given at each call, which is not to exceed 
 £ 5 per cent, from time to time. 
 
 Four Trustees shall be appointed by the Directors from among 
 themselves. All engagements that may be entered into on behalf of 
 the Association, shall be made by them in their names only, and on 
 their individual responsibility, they having recourse only against the 
 Funds of the Association, so that no Proprietor may be liable to be 
 caUed upon for more than the unpaid amount of his Share or Shares. 
 
 The Agents, Miners, and other Officers and Servants of the Com- 
 pany, to be appointed by the Directors, and subject to their controul. 
 
 A General Meeting of the Proprietors to be called on the First 
 Thursday in March, in the year 1826, and subsequently on the same 
 day in each Year. 
 
 Each Proprietor of 5 Shares to have One Vote. 
 
 \Q , Two Votes. 
 
 30 Three Votes. 
 
 No Proprietor to have more than Three Votes. 
 
 *** 
 
 similar tc 
 which we 
 given at 1 
 
 BOJ 
 
 Caf 
 
 On whic 
 
 the re 
 
 naginj 
 
 Timothy A 
 Rowland S 
 
 Joshua Wa 
 
 TiiEobjec 
 in the Proi 
 the produc 
 most bene! 
 The Val 
 and fertile 
 Coffee, In 
 valuable T 
 Lodes of C 
 Aroa, (whi 
 afforded of 
 whole is tl 
 the Liberat 
 unlimited ri 
 Antonio Be 
 

 18 
 
 **^ The other regulations of this Company are i„ every respect 
 
 rch? r " ^'\^"«'-^--" ^-i"R Association and t 
 wh,ch we re er, where the Prospectnses, a» in this instance/are not 
 given at full length. Vide Anglo-ChiU, R,Ues 6, 10, 11 12 13 14 
 
 BOLIVAR MINING ASSOCIATION. 
 
 On wh^T'''7^^?^^ ^"^^ '^^'^^ «^^50 each. 
 On which an Instalment ofj^ per share has been paid, and 
 the remainder ,s to be subscribed as called for by the ma- 
 nagmg Trustees. ^ ™* 
 
 raAWAonra trustebs 
 
 Thomas Ma-ide, Esq. 
 
 Charles Stuart Cochrane, Esq. R.N, 
 
 Timothy A. Curtis, Esq. 
 
 Rowland Stephenson, Esq. ^ 
 
 John Myers, Esq 
 
 Joshua Walker, E,,. M. P. *""|^1, wuki„,„„, E„. 
 
 BAjmms. 
 
 Messrs. Bemiiigton, Stephenson, & Co. 
 
 Office, No.U, Great mnchester Street. 
 
 T,.E objecl of this Association is to work the Copper Mines of A,„» 
 m .he Provnce of Venezuela, Columbia, and genTrally „ dipot f 
 
 l^tX::™^ "°"' "" ^^' '" '-^ -»- --"y belnd 
 
 afforded of easy transport by water to U Gnayraand filpe Th" 
 whok ,. the patrimonial estate of His ExcelLcy GeneralBolivT 
 .he LAerator of C„l„„bia. A Lease of the entire Property „" hTn 
 ™™..edr,ght to Timber, has been obtained from U Sen' ,a Mar 
 Anton,„ Bobvar, nnder a power of Attorney from l,er Brother Gen"^ 
 
 .:J 
 
 ! I ■ 
 
 .: ! 
 
 ^i; ' , 
 
 1 .S- 
 
 i 11' 
 
 1^ ffl t 
 
 '14" 
 
 ■ 
 
 If 
 
 ■1 
 
 1 
 
 1 '■ 
 
 •1' 
 
 1 
 
 rt'' 
 
 1, ' 
 
 i 
 
 1 
 
 1 
 
 '^ 
 
 n 
 
 1 
 
 
 
 1/ ■ (' 
 
 ',' 
 
 «: 
 
 
 II'' 
 
14 
 
 Bolivar. This Lease, (which is tor nine Years, from the 12th day of 
 October, 1824,) is subject to the ratification of General Bolivar. After 
 the execution of the Lease steps were taken to procure this ratifica- 
 tion; it ha^ not, to the knowledge of the Trustees, been obtained, but 
 they expect it will be obtained, and arrive as soon as circumstances 
 will permit. The Rent of the Mines has been received by La Senora 
 Bolivar, who has given possession of the entire property, and the Mines 
 
 are now in work. 
 
 A Deed for carrying the object of the Association into effect has 
 been executed by the Proprietors, by which the direction and control 
 of the affairs and property of the Association are vested in five ma- 
 naging Trustees, to whose number one more may be added as set 
 forlh in the Deed ; by this Deed the trustees are authorised, at their 
 sole discretion, (but for the benefit of the Association,) to renew the 
 subsisting Lease when ratified, or to take any extended Lease or 
 Leases in lieu thereof. The Deed contains all such Regulations, Co- 
 venants, Agreements, Provisions, and Stipulations, for the manage- 
 ment of the affairs of the Association, as under the advice of Counsel, 
 have been considered necessary or convenient. 
 
 The Association is to be continued 39 Years, unless previously 
 dissolved under the Provisions of the Deed. 
 
 No transfer is to be made of any Share or Shares until all calls due 
 in respect of such Share or Shares, shall have been paid, and until 
 the Purchaser of ^uch Share or Shares shall have been approved by 
 the Trustees. The Purchaser to execute the deed of Settlement, or 
 some separate Instrument, binding himself to the observance of all 
 and singular the regulations of tlie Association as therein contained. 
 
 The Accounts of the Trustees to be made up half-yearly, and when 
 examined and certified by the Auditors, to be submitted to the Pro- 
 prietors at the Annual meeting. 
 
 An attested Copy of the said deed of Settlement is deposited at the 
 Offices of the Associatipn, and may be inspected at all seasonable 
 times by the Proprietors, or any Person proposed as a Proprietor, on 
 applying to the Trustees for that purpose. 
 
15 
 
 M|ii*v ' 
 
 BOLANOS MINING COMPANY. 
 
 Capital £200,000, in 500 Shares of £400 each. 
 
 DIRBOTORS 
 
 Francis Baily, Esq. F.R.S. 
 Michael Bland, Esq. F.R.S 
 Tiiomas Brown, Esq. 
 /riiomas F. Buxton, Esq. M.P 
 T F.Colby, Esq. F.RS. 
 William Fry, Esq. 
 
 Sir Robert John Harvey. 
 E.H. Locker, Esq. F.R.S. 
 .John Martinean, Esq. 
 
 Joseph Martineau, Esq 
 AUDITORS 
 
 Shears, Esq. 
 S. F. T. Wilde, Esq. 
 
 George H. Hooper Esq. Peter Martineau, Jun. Esq. 
 
 Thomas Hudson, Esq. 
 
 mABTAOER. 
 
 John Taylor, Esq. 
 
 Messrs. Hoare, Bametts, and Company. 
 SOUOITORS. 
 
 Messrs. Martineau and Malton. 
 
 Office, No. 14, Chaiham-Place, Bridge-Street, Blackfriars. 
 
 The object of the Company ia to work the Mines of Bolanos, in the 
 Province of Guadalaxara, in the Republic of Mexico, and such other 
 Mines in the said Province as the Directors shall think proper, and 
 to smelt, manufacture, refine, and prepare for sale, and to sell and 
 dispose of, the ores, metals, and minerals, raised from such Mines, 
 and to purchase ores, metals, and minerals, raised from other Mines,' 
 and to smelt, manufacture, refine, or otherwise prepare for sale, and 
 to sell and dispose of, such ores, metals, and minerals. 
 
 Regulations of the Company. 
 
 The Company to bear the Title of " THE COMPANY OF 
 ADVENTURERS IN THE MINES OF BOLAJ^OS," or such 
 other Title as the Directors may think fit. 
 
 The Capital to be £200,000, and to be divided into Five Hun- 
 dred Shares of .^400 each. 
 
 No Pe.—n at any time or on any pretence to hold a greater num- 
 ber than ^ ..enty-five Shares, unless he may have acquired them by 
 marriage, will, or in course of administration. 
 
 The Capital to be paid by such Instalments and at such times as 
 the Directors shall appoint. 
 
 !'i ! 
 
1(1 
 
 A Deposit of -f 25 per Share to be payable wlicii the Contract 
 shall have been received, due notice of which will be given by the 
 
 Directors. 
 
 If tht. Deposit be not paid within Fourteen days after the time to 
 be appointed by the Directors for the payment thereof, the persons 
 making default therein to be considered as having abandoned or re- 
 linquished the Shares appropriated to them, which Shares sliaU 
 thereupon he at the disposal of the Directors. 
 
 If any subsequent Call be not paid within Uie time to be limited 
 by the Directors, the Shares to be forfeited. 
 
 All forfeited Shares to be sold by the Directors either by private 
 Sale or public Auction, and the produce, after deducting the Call 
 and other claims of the Company, to be paid to the Defaulters. 
 
 Shares abandoned or relinquished by non-payment of the deposit 
 within the time to be appointed for payment thereof, or by refusal 
 or neglect to execute the Deed of Settlement within the time to be 
 fixed for such purpose, not to be considered as forfeited Shares, and 
 to be sold as such by the Directors in pursuance of the provision 
 hereinl)efore contained, but to be wholly at the disposal of the Direc- 
 tors, free from all claims thereon or on the produce thereof, by the 
 persons who may have abandoned or relinquished the same. 
 
 No Share to be at any time or in any event transferable, unless 
 with the consent of the Directors, and then only in a form to be pre- 
 scribed by them. 
 
 No Share to be transferable after a Call, until such Call be paid. 
 
 Every person to whom a Share may be transferred, to enter into 
 
 covenants similar to those entered into by the original Proprietors. 
 
 Persons acquiring Shares by Marriage, Will, or in course of Admi- 
 
 ministration, to enter into similar covenants before they can become 
 
 Proprietors. 
 
 Purchasers to have had their Shares three Months before they 
 shall be entitled to vote ; but this prohibition not to extend to Shares 
 acquired by Marriage or Will, or in course of Administration. 
 
 The affairs of the Company to be conducted by twelve Directors. 
 
 The Gentlemen hereinbefore mentioned to be Directors to be the 
 first Directors of the Company. The Directors to be hereafter 
 elected by the Proprietors. 
 
 The first Directors to continue in office until the month of March, 
 in the year 1827, when four Directors to go out of office, and thence- 
 forward the same number annually 
 
 Direct* 
 The II 
 
 uffuirs nu( 
 
 -at their di 
 
 The Di 
 
 niissionen 
 
 gate to th 
 
 The ac 
 
 to be deei 
 
 No pel 
 
 the Conip; 
 
 Director c 
 
 The G( 
 
 first Audit 
 
 by the Pr< 
 
 The Au 
 
 In the r 
 
 Auditor tu 
 
 re-eligible. 
 
 John 1 
 
 Every futii 
 
 Messrs. 
 
 the Compu 
 
 Messrs. 
 
 The Ba 
 
 rectors. 
 
 The Sec 
 
 Company, 
 
 A Genei 
 
 March in e 
 
 At the ' 
 
 vote for evi 
 
 The Chi 
 
 other Prop 
 
 vote all qu( 
 
 In the C 
 
 except the 
 
 cases in wl 
 
 At Gem 
 
 proxy. 
 
 When i 
 
17 
 
 Directors goin^ o,it of ortire to bp re-<'liftil)le. 
 The Directors to Imve the entire control tiiiil innnngenient of the 
 nffuirs and property of the Coni|)nny, and to act tkreiii altogether 
 at their (hscrction. 
 
 The DirectorH to be at hberty from lime to time to appoint Com- 
 niissioners to act on behalf of the Company in Mexico, and to dele- 
 gate to tJiem full powers for that purpose. 
 
 The acts of the majority of the Directors present at any meeting 
 to be deemed the acts of the whole body of Directors. 
 
 No person holding any other office of trust or emolument under 
 the Company than that of Auditor, to be capable of being elected a 
 Director of the Company. 
 
 The Gentlemen hereinbefore mentioned to be Auditors to be the 
 first Auditors of the Company. The Auditors to be hereafter elected 
 by the Proprietors. 
 
 The Auditors to continue in office until ihe month of March 1827. 
 In the month of March 1827, and in every subsequent year, one 
 Auditor to go out of office ; the Auditor going out of office to be 
 re-eligible. 
 
 John Taylor, Esq. to be the first Manager of the Company. 
 Every future Manager to be appointed by the Proprietors. 
 
 Messrs. Hoare, Barnetts, and Company, to be the Bankers of 
 the Company. 
 
 Messrs. Martineau and Malton to be Solicitors of the Company. 
 The Bankers and Solicitors in future to be appointed by the-Di- 
 rectors. 
 
 The Secretary, Engineers, and all Officers and Servants of the 
 Company, except the Manager, to be appointed by the Directors. 
 
 A General Meeting of the Proprietors to be held in the month of 
 March in every year; the first General Meeting to be in March 1826. 
 At the General Meetings, every Proprietor to be entitled to one 
 vote for every Share. 
 
 The Chairman not only to have the privilege of voting with the 
 other Proprietors, but also the privilege of deciding by his casting 
 vote all questions in which the number of votes may be equal. 
 
 In the Court of Directors no person to have more than one vote, 
 except the Chairman, who shall also have the casting vote in all/ 
 cases in which the number of votes may be equal. 
 
 At General Meetings, Proprietors qualitied to vote may vote by 
 proxy. 
 
 When two or more persons are jointly entitled to Shares, that 
 
 o 
 
 " "li'f 
 
 '!i 
 
 ''i'Vlj 
 
 i 
 
 ■!i| 
 
 1, 1. ' I 
 ,1. 
 
 
 ' 1 ' ' !' 
 
18 
 
 M 
 
 person to vote wboHe name simll ^tuml lirHl on tlio Books of tlie 
 
 Company. ....,, i n 
 
 No person to vole on any queHtion in wliirli ho niny be por.uni.Ily 
 
 intpreflted. . , ,i > * i 
 
 A Deed of Settlement, for the reRnlatlon nt the ( ompany^, to !..• 
 prepared nnder the Hnporintendencc of the Uir.dorH. to contain .<ll 
 'such regulations, covenants. provisoeH, powers of reference to arJ)i- 
 tration, forfeiture of Shares, alterations or disMohttion of the Com- 
 pany, extension of the Capital, modes of culling CJeneral Meetings 
 of Proprietors and powers of Proprietors at those Meetings, and 
 such other clauses, stipulations, and agreements, as the Directors may 
 
 think fit. 
 
 When such Deed shall have been prepared and approved of by a 
 majority of the Directors, the same to be deemed the proper Deed for 
 carrying the objects of the Company into en'ect, and when the same 
 shall be ready for execution, notice thereof to be given to each Pro- 
 prietor, who sliall execute the same within a time lo be fixed by the 
 Directors for that purpose. 
 
 Such persons as shall refuse or neglect to execute the Deed within 
 the time appointed, to be considered as having abandoned their 
 Shares, which may in that case be disposed of as the Directors shall 
 think fit, and all Deposits nrtide thereon to become forfeited to t\\r 
 Company. 
 
 FOR'' OK .CCEPTivNOE. 
 
 " / do hereby agree with John Taylor, of Bedford Row, in the 
 County of Middlesex, Esquire, to become the holder of 
 Sharei in this undertaking, upon the Terms above stated; and J engage to 
 pay the deposit thereon when I shall be required by him so to do, and also 
 to execute the proposed Deed of Settlement when the same shall be ready 
 for execution, and if I shall neglect to pay such deposit or to execute 
 such Deed of Settlement within the respective times appointed for such 
 purposes, I consent to be considered as having abandoned or relinquished 
 my Shares, and all claim to any deposit I may have made upon such 
 Shares." 
 
19 
 
 CHILIAN MINING ASSOCIATION. 
 
 Capital— £ I, (KM),()00, in 1(),(KK) Shares of £10() rach. 
 
 His KxcHlonry Don Makian.) uk Iumna. Mini.trr PIrnipotentmr 
 • .'." »'"' 'l^'PoWic of Chih, uurl lut,. a Judge of the Tribunal of Mine 
 ui that Mate. 
 
 DIREOTOaS 
 
 David Barclay, Esq. 
 
 Junics ('azen(»vc, .lun. Kh(|. 
 
 Edward Down, Eh»|. 
 
 George C. Fox, Es(|. Falnioiith. 
 
 Alfred Fox, Em|. Fulnioiith. 
 
 f!harlea Herring, Ehc). 
 
 AUDITOR*. 
 
 Edward Ifurry, Es.i l{i«hard Jatlray, Esq 
 
 BAMKERS- 
 
 Messrs. Frys and Clhapman. 
 
 SOLICITOR- 
 
 E. Pliinrjtrce, Esrj. 
 
 tl. A. De Lizaiir, Vmi. 
 Alfred I'hiliii.s. Eh(|. 
 .1 D. Powles, Esq. 
 (.'hristopher Riehardnon, Esq. 
 John VViilianis, Jiin. Esn. Truro. 
 William Williams, Esq. Truro. 
 
 OJicfiy Winchester House, Old Broad Street. 
 
 This association in formed with the full approbation of the Minister 
 Plenipotentiary of Chili, in the name of his government, for contract- 
 ing for and working the mines of Chili. 
 
 The republic of Chili contains nine mining districts or reales, pro- 
 ducing gold, silver, copper, lead, tiji, and iron. They have the 
 advantage of being situated on that branch of the Cordillera of the 
 Andes nearest the sea-coast. The climate is healthy, labour is cheap, 
 wood and water are generally abundant, and coal i.s to be found on 
 the coast of Conception. 
 
 It is believed that these mines, now from various causes in an un- 
 productive state, offer adequate inducement to the employment of 
 British capital, skill, and machinery. Measures have been taken for 
 securing for the association such mines as it may be considered ex- 
 pedient to work. 
 
 The republic of Chili ha.i been for many years entirely free from 
 the presence of any .Spani.sh force or authority. British Consuls 
 reside at the capital, and at the chief port. 
 
 The capital of this Association is One Million sterling, divided 
 into Ten Thousand Shares of .flOO each. 
 
 ( lie 
 
 <fV 
 
20 
 
 Deposit, £h, and thirty days' notice to be given of all calls, which 
 are not to exceed £b, from time to time. 
 
 Fifty shares are the qualification of a Director, and forty shares 
 the qualification of an Auditor. 
 
 Each Proprietor of 19 Shares to have 1 Vote. 
 
 10 ditto 2 ditto. 
 
 60 ditto • • • '^ ditto. 
 
 100 ditto 4 ditto. 
 
 No Proprietor to have more than four votes. 
 A Dividend shall be made as soon as the first profits of the asso- 
 ciation stiall be realized, and subsequently half-yearly, as circum- 
 stances may permit. 
 
 *^* For general Rules and Regulations, vide " Anglo-Chili," 
 rules 6,7,8,10,11,12,13,14. 
 
 CHILIAN and PERUVIAN MINING 
 ASSOCIATION. 
 
 Capital— £1,000,000, in 10,000 Shares of £100 each. 
 
 Colonel Sir Robert Arbuthnot. 
 
 Matthias Attwood, Esq. M. P. 
 
 Henry Bamewall, Esq. 
 
 Hart Davis, Esq. 
 
 Henry Alexander Douglas, Esq. 
 
 W. H. Forraan, Esq. 
 
 John Gill, Esq. ofTavistock. 
 
 Isaac L. Goldsmid, Esq. 
 
 Thomas Hamlet, Esq. 
 
 dhubotoas 
 
 Lieut.-Col. Sir Robert Harvey. 
 
 John Jacob, Esq. 
 
 Matthias Prime Lucas, Esq. Aid. 
 
 Thom. Potter Macqueen, Esq. M.P 
 
 Moses Montefiore, Esq. 
 
 Benjamin Shaw, Esq. 
 
 Jose V. de Aguirre Solarte, Esq. 
 
 William Thompson, Esq. M.P. Aid. 
 
 William Wilberforce, Jun. Esq. 
 
 AUDITORS. 
 
 John Kirkland, Esq. John Wilkin, Esq. 
 
 Messrs. Spooner, Attwoods, and Co. 
 souoiToas. 
 
 Messrs. Swwn, Stevens, Maples, Pearse, and Hunt. 
 
 Office, No. 4, White Lion Court, Cornhill, 
 
 The object of this "ssociation is to work mines of Gold, Silver, Cop- 
 per, Tin, Lead, and other Metals or Minerals, ir Chili and Peru. 
 An experienced and liighly respectable agent, possessing great 
 
21 
 
 loral knowledge and influence in Chili, has been some time si„ce^ 
 dispatched, furnislied with a credit and powers to contract for the 
 most eligible Mines, and to confirm the provisional contracts which 
 nia/have already been made for Mines by two persons resident in. 
 Chili, under directions previously sent out. 
 
 The Copper ores of Chili exist in extraordinary abundance, and^ 
 m general, are easily accessible, being at a little depth from the 
 surface, and a short distance from the sea-coast. Although they 
 are, for the most part, extremely rich, the Copper produced from 
 them has hitherto obtained an inferior price. This is to be attributed 
 to the imperfect manner in which the process of smelting has been 
 performed. Coals, a preferable material to charcoal, which is now 
 employed for smelting Copper, are found in inexhaustible quantities 
 on the coast of Chili, and, it is considered, may be conveyed to the 
 mines at a trifling expense. 
 
 One of the first objects of this association is to undertake the work- 
 ing of Copper Mines, and to form Smelting Estab'ishments in the 
 neighbourhood of Coquimbo, Guasco, and Copiapo: for this purpose 
 experienced engineers, miners, and persons well acquainted with the 
 m^thod of smelting adopted in England, have already been engaged. 
 These operations may be conducted upon an extensive scale, and it 
 is expected, will produce a very advantageous return for the capital 
 employed. 
 
 Several districts in the southern part of Peru contain Gold and 
 Silver Mines, some of which are scarcely equalled in richness by any 
 in South America. To these, and more especially the Silver Mine«, 
 the attention of the Association will be immediately directed. They 
 are now either abandoned, or almost "Entirely unproductive, from, 
 causes which it is anticipated that this Association, with the means it 
 possesses, will easily remove. 
 
 In attaining their object of engaging and working the Gold and 
 Silver Mines, both in Chili and Peru, the Association will be more 
 particularly assisted by one of their directors, a gentleman who for a 
 long time resided in Peru, who is extensively connected both in that 
 country and nt Chili, and intimately acquainted with the peculiar ad- 
 vantages and present state of the principal mines in both countries. 
 
 Regulations of the Association. 
 
 The capital of One MiUioa to be divided into Ten Thousand Shares, 
 of One Hundred Pounds each. Deposit £b per Share. 
 
 m\ 
 
 M 
 
23^ 
 
 Thirty days' notice t*. be given of each call, which is not to exceed 
 £5 ner share, from time to time. . . , 
 
 rife present Directors to have po^ver to add two to their number, 
 
 if thev shall think fit. . 
 
 The Directors to have the entire control and management ot the 
 
 affairs and property of the Association, and to have authority to dele- 
 gate to any one or more of their body, or any other persons, such 
 powers for conducting the affairs, and effectn.g the objects of the 
 Association, as they shall think proper. 
 
 The Directors and Auditors to remain ui oftice hve years , atter- 
 wards, three Directors and one Auditor to go out annually, m rota- 
 lion, but eligible to be re-elected. 
 
 Every vaLcy in the office of Director or Add.tor occurrmg be- 
 fore February 1830, to be filled up by the Directors. 
 
 The Directors and Auditors to be appointed m and snbsequently 
 to February 1830, are to be elected by the Propnetors. 
 
 The qualification of a Director, and of an Aud.tgr, to be Thirty 
 
 ^'''Future vacancies in the number of Trustees, who are to be three 
 at the least, to be filled up by the majority ot the Directors from 
 among themselves or others. 
 
 10 Shares to entitle a Proprietor to 1 Vote. 
 
 20ditto 2ditto. 
 
 50 ditto 3ditto. 
 
 100 ditto 4ditto. 
 
 No Proprietor to have more than four votes. 
 Shares not to be transferable, without the consent of one or more 
 of the Directors, and then only in a form to be prescnbed by the 
 
 '*'T*General Meeting of the Proprietors to be called on the second 
 Wednesday in April 1827, and subsequently, on the same day in 
 each year, for receiving a Report from the Directors, on the state ot 
 ,he funds, and accounts of the Association, to declare dividends, to 
 consider by-laws, and to fill up vacancies in the number of Directors 
 
 and Auditors. ^ r .i • *• 
 
 A dividend to be made as soon as the farst profits of the association 
 shall be realised, and subsequently half-yearly, as circumstances may 
 
 ^^nnl Directors not to be restricted to working mines in Chili and 
 Peru ; but in the event of their considering it desirable, they are 
 
t>3 
 
 <o be audioriHed to contract for working them in other parls of South 
 America. 
 
 *** For further regulations, vide "Anglo-Chili," 7, 10, 11, 12, 13. 
 
 COLOMBIAN MINING ASSOCIATION. 
 
 Capital— £1,000,000, in 10,000 Shares of £100 each. 
 
 PlUSISIDEIfT- 
 
 His Excellency the Honourable Manuel Jose Hurtado. 
 DIHEOfORS- 
 
 Matthias Attwood, Esq. M.P 
 David Bevan, Esq. 
 Edward EUice, Esq. M.P. 
 L. A. Goldsclunidt, Esq. 
 William Graham, Esq. 
 Pascoe Grenfell, Esq. M.P. 
 
 Thomas Hamlet, Esq. 
 
 The Hon. J. T. L. Melville. 
 
 >L I). Powles, Esq 
 
 Thomas Richardson, Esq. 
 
 Wm. Thompson, Esq. Aid. M.P. 
 
 Thomas Wilson, Esq. M.P. 
 
 AUDITORS- 
 
 James Brogden, Esq. M.P. J. Potter Macqueen, Esq. M.P. 
 
 BAMTBLERS. 
 
 Messrs. Barclay, Tritton, Bevan, and Co. 
 Messrs. Spooner, Attwoods, and Co. 
 
 SOUOITORS- 
 
 Messrs. Swain, Stevens, Maples, Pearse, and Hunt. 
 
 OJice, No. 147, Leadenhall-street. 
 
 This Association is formed for the purpose of working Mines in 
 the Republic of Colombia. 
 
 That part of the Repubhc of Colombia, formerly known as the 
 Viceroyalty of New Grenada, contains the principal Mining districts. 
 It is believed that the metallic treasures existing there, have been 
 hitherto but very partilflly developed. 
 
 The Association has engaged the Silver Mines of *' Santa Ana," 
 " La Manta," " Han Juan," and " El Cristo de Lajas," situated at 
 Mariquita. These Mines are the property of the Colombian Go- 
 vernment. They are held by the Association under Contracts or 
 Leases, granted by the government, on terms which, it is believed, 
 will afford an adequate remuneration for the Capital that may be em- 
 ))loyed in ivorkijig them. 
 
 
 
 i; 
 
 ! If 
 
24 
 
 • * The Shares of this Association were issued to the public at £^ 
 
 per Share premium. 
 
 Machinery may be conveyed by the River Magdalena, (the great 
 channel of communication between Bogota, the capital of Colombia, 
 and the Atlantic) to the Port of Honda, distant six leagues from 
 Mariquita. Fuel is represented as being extremely abundant at 
 Mariquita, and the climate as very healthy. Labourers however are 
 scarce and much wanted. 
 
 These Mmes were worked under the Spanish government, and 
 some notices of them may be found in Humboldt's New Spain, Vol. 
 ni. Scientific and practical persons have been sent out to com- 
 mence the working them ; of the arrival of whom on the Colombian 
 coast, advice has been received. The Mines are to be under the 
 entire management of the Association. 
 
 Negociations are in progress for securing other Mines of Gold, 
 Silver, and Copper in Colombia. 
 
 The inducements to this undertaking appear to lie in the ad- 
 vantages to be derived from the application of British capital, skill, 
 machinery, and experience, to Mines which have been heretofore but 
 very partially worked, and under great disadvantages. The methods 
 hitherto practised in Colombia, of refining the ore, after its extrac- 
 tion from the Mines, are also believed to be susceptible of great 
 improvement. 
 
 In respect to the political situation of the country, it is sufficient 
 to state that there is no power or authority existing in any part of 
 the territory of the Republic, but that which emanates from its own 
 Government. 
 
 British Consuls are established in the Capital, and the principal 
 ports of Colombia, for the protection of British interests. 
 
 *.*F< 
 
 ■ 
 
 The following are the regidations under which this Association is 
 
 established: — 
 
 The capital is One Million sterling, divided into 10,000 Shares of 
 £100 each. The first instalment £b per Share. Thirty days' notice 
 to be given of each call, which is not to exceed £5 per cent, from 
 time to time. 
 
 Fifty Shares are the qualification of a Director, and Forty shares 
 the qualification of an Auditor. 
 
wffpPN* j! " 
 
 25 
 
 Each Proprietor of 10 shares, to have One Vote. 
 
 20 2 do. 
 
 50 3 do. 
 
 100 4 do. 
 
 No Proprietor to have more than Foar Votes. 
 A General Meeting of the Proprietors to be called on the first 
 Wednesday in February, in the year 1826, and subsequently on the 
 same day in each year, for receiving a Report from the Directors on 
 the state of the funds and accounts of the Association, to declare 
 dividends, to consider bye-laws, and fill up vacancies in the number 
 of Directors and Auditors. 
 
 A dividend shall be made as soon as the first profits of the Associa- 
 lion shall be realized, and subsequently half-yearly, as circumstances 
 may permit. 
 
 The Directors shall be authorized, if they shall see fit, to contract 
 for working Mines in other parts of Spanish America. 
 
 *»* For the other general regulations, vide ^nolo Chili, rules 5, 
 6,7, 10, 11, 12, 13,14. 
 
 CASTELLO and ESPIRITO SANTO BRA- 
 ZIL MINING ASSOCIATION, 
 
 Founded on a Grant oftheEuvERon op Brazil, dated 3d March, 1826. 
 
 Capital~£1,000,000, in 10,000 shares of £100 each. 
 
 David Barclay, Esq. 
 Richard Mee Raikea, Esq. 
 Stewart Majoribanks, Esq. M.P. 
 
 Geo. Rouffcmont, Esq 
 Nicholas Garry, Esq. 
 Wm. Holmes, Esq. M. P. 
 
 OmilCTORS- 
 
 Geo. Lyall, Esq. 
 Colonel Brorahead. 
 M. A. De Freitas, Esq. 
 Antonio Da Costa, Esq. 
 
 AND 
 
 J. D. Carvalho, Esq. 
 AUDITOBS- 
 
 The Hon. J. T. L. Melville. George Raikes, Esq. 
 James Pattison, jun. Esq. 
 BAMKERS- 
 
 Messrs. Curries, Raikes, and Co. 
 
 AGmr Ts m brazu- 
 
 A. T. De Abreu, Esq. F. Le Breton, Esq. 
 
 Messrs. March, Sealy, Walker, and Co. 
 
 STANDIlVa OOVWSEI.. 
 
 L. Shadwell, Esq. 
 
 SOUOITOB- 
 
 John Crosland, Esq. 
 
 Q^ce, No. 16, New Broad-Street. 
 
 v.: 
 
 i 
 
 '!t 
 
2(i 
 
 The mineral riches of the province of Eapirito Santo, and particularly 
 of that part culled the Serra do CaHtello, are %vell known. It pro- 
 duces {>old, silver, amethy-sts, and other precious stones, and also 
 abundance of timber, and Brazil and other valuable dying woods. 
 The fertility of the soil;, the salubrity of the climate, and its vicinity 
 to Rio de Janeiro and the Atlantic, which form its southern and 
 eastern boundaries, render its situation favourable for mining under- 
 takings. It is bounded on the north by the Doce, a river of con- 
 siderable magnitude, which forms a channel of communication, for 
 several hundred miles, with Minas-Geraes and other of the richest 
 provinces in the interior of Brazil, and flows in the Atlantic on the 
 northern side of the province of Espirito Santo, passing near the base 
 of the Serra do Castello, and possessing a harbour at its mouth, with 
 a safe and convenient anchorage for vessels of burthen. 
 
 The Imperial grant is made to six of the Directors for the use of 
 the Association, viz. Mr. Raikes, Mr. Garry, Mr. Rougemont, Mr. 
 Freitas, Mr. Da Costa, and Mr. Carvalho ; and it sets forth " that 
 taking into consideration the benefits to be expected from the intro- 
 duction of Capital, artisans, miners, labourers, and machinery necessary 
 for the regular working of Mines, according to the superior practice 
 and principles adopted in Europe, His Majesty has thought proper to 
 grant to the aforesaid merchants, through the medium of a Company, 
 permission to undertake mining operations for Gold, Silver, and other 
 metals in the province of Espirito Santo, and in the Mines of Castello, 
 and to decree that all the parties therein concerned shall enjoy the 
 full protection of the laws, and have their contracts, rights, and pro- 
 perty secured, without being molested or withdrawn from the service 
 of the Company, &c. unless permission is granted." The operations 
 are not to be carried on within the diamond districts, either actually 
 known or which may be discovered. 
 
 The objects of this Association will be directed to the employment 
 of British capital, aided by British science and machinery, in working 
 mines and veins of Gold, Silver, and other minerals, in the province 
 of Espirito Santo, arfd more particularly in the Serra do Castello ; 
 and in the purchase and reduction of ores and minerals ; but if upon 
 investigation it should be satisfactorily ascertained by the Directors 
 that the province presents other valuable advantages, agricultural, 
 commercial, or otherwise, they will, as far as the Government of Brazil 
 will permit, be made available for the benefit of the Association. 
 
 The first instalment £5, and twenty-one days' notice to bo given of 
 r\crv additional call. 
 
 Each 
 
 The oth( 
 Anglo Chi 
 
 FA]\ 
 
 Cafit 
 
 Henry Jain< 
 
 Sir Alexaiid 
 Thomas Kir 
 
 These Min 
 united Pro' 
 from the Gi 
 Ayres, dat 
 extract : 
 
 " Thirty 
 rich Minen 
 is fourteen 
 derable, hai 
 is of such e 
 
 " The wl 
 ore. Thos 
 have as yet 
 produce frc 
 subject to 
 ii! 'vant of 
 the smalles 
 iHscoverleSj 
 

 27 
 
 Qualilicatioii of Director, 30 Shares. 
 Auditor, 20 
 Each Proprietor of 10 Shares to have. , 1 Vote. 
 
 20 and upwards 2 Votes. 
 The other regulations are in substance similar to those of the 
 Anglo Chili. 
 
 FAMATINA MINING COMPANY. 
 
 Capital— £250,000, in 1000 shares of £250 each. 
 
 Henry James Brooke, Es(i. 
 Sir Alexander Crichton. 
 Thomas Kinder, Jun. Esti- 
 
 DIRECTORS. 
 
 J P. Robertson, Es 
 Lieutenant Colonel llowan. 
 Robert P. Staples, Esq. 
 
 Re 
 
 Lieutenant Colonel Wilson. 
 
 AUDITORS: 
 
 Philip Gowan, Esq. George Marx, Esq. 
 
 TRBASURER. 
 
 J. P. Robertson, Esq. 11, Leadenhall Street. 
 
 SOUOITOR. 
 
 LI. S. Baxendale, Esq. 5, King's Arms Yard. 
 
 Office, No. 16, Tokenhouse Yard. 
 
 These Mines are situated in the Province of La llioja, one of the 
 united Provinces of La Plata, and are described in an official report 
 from the Governor of that Province, to the Govemment of Buenos 
 Ayres, dated 4th September, 1824, of which the following is aa 
 extract : 
 
 " Thirty-five leagues to the westward of Rioja stand the great and 
 rich Mineral Mountains of Famatina, whose least ascertained breadth 
 is fourteen leagues, and whose length, although much more consi- 
 derable, has n6t been examined beyond twelve leagues. This range 
 is of such extent that the hundredth part has not yet been explored." 
 
 " The whole of these mountains are covered with veins of silver 
 ore. Those which produce from J oz. to 2| oz, of metal per 100 lb. 
 have as yet been neglected, and those only have been worked which 
 produce from about 3 to 60 oz. the 100 lb. But as these veins are 
 subject to interruptions, the proprietors, who are almost always 
 ill 'vant of funds, have ceased working them upon meeting with 
 the smallest diminution in the quantity of the ore, preferrmg new 
 jHscoveries, the advantages of which are on the .surface ; in addition 
 
 Lit'! 
 
 Jir.li 
 
 tu, 
 
 v'! . , r 
 
 (1 
 
 '^IM 
 
to wliicli, they stand in tlie utmost iietd both of mathintry and (.f 
 mineraiogiial knowledge : they hibour therefore in their own rough 
 manner, and constantly leave behind them treasures, equally unknown 
 and .umppropriated. \V..od, pastures, and tattle, are to be found 
 upon the spot, and in the plains, at the distance of from four to six 
 leagues, are several towns, estimated to contain from four to six 
 thousand inhabitants." 
 
 " From the situation of the streams and (juantity of water, ma- 
 chinery might be constructed, which by facilitating the pulverization 
 of the metals, would render profitable what is now thrown away, and 
 would produce immense riches." 
 
 A Company for working these Mines was formed by several of the 
 most wealthy and respectable Merchants of Buenos Ayres, and the 
 treaty for them was commenced previous to intelligence having been 
 received in that country of the numerous companies forming in Eng- 
 land. The Mines are held by virtue of a grant, bearing date the 
 20th October, 1824, made to Don Ventura Vasquez, as representa- 
 tive of the above-mentioned Company, by the Governor of the Pro- 
 vince of La Rioja, in virtue of powers given to him by the repre- 
 sentative Junta of that Province; and this grant has sin.v>, as ap- 
 pears by recent advice from two of the DepuUes, re-i^cd the sanc- 
 tion of the Constituent Congress of the United Prnvi..., ^hia, 
 now holding its session in Buenos Ayres. The foll^.. tie 
 parties in whose behalf Don Ventura Vasquez obtained ta 
 
 Don Braulio Costa, 
 Don Nicolas Anchorena, 
 Don Juan Fernandes Molina, 
 Don Lucas Gonzales, 
 Don Juan Paolo Saens Valiente, 
 Don Ventura Vasquez, 
 .Don Felix Castro, 
 
 W. P. Robertson, Esq. 
 Don Ruperto Alvarellos, 
 Don Juan Jose Crist. Anchorena, 
 Don Juan Pedro Aguirre, 
 Don Marcelino Carranza, 
 Don Faustino Lecica, 
 J. P. Robertson, Esq. 
 In this grant the privilege of working the Mines is subject to no 
 other charge upon, or deduction from their produce, than a duty of 
 eight per cent, to the Government, and it is secured to the Company, 
 for a term of twenty-five years from the date of the grant ; it is also 
 provided that at the expiration of the twenty-five years the Company 
 has the right to select twenty-five Mines, which are to belong to them 
 
 in perpetuity. 
 
 Mr. John Parish Robertson, having received ft.ll powers from the 
 Company' in Buenos Ayres, has on their behalf arranged tha transfer 
 
 to the Com 
 under the r, 
 instahnents 
 advice bein 
 being in po 
 monthly foi 
 dividend sh 
 lated that a 
 Mr. J. P. F 
 pany, so so 
 session of tl 
 at par, all s 
 It is prof 
 ago in the 
 the Grantet 
 Messrs. Hu 
 pondence ir 
 documents i 
 are in the li 
 inspection o 
 
 1. The ci 
 each. 
 
 2. An inc 
 diately into 
 instalments 
 be fixed by 
 least 21 day 
 
 3. All oil 
 ed by the B 
 
 4. A gent 
 first Wedne 
 ceive a Rep 
 pany's affair 
 and to do su( 
 
 And 
 
 no 
 
29 
 
 to the Cuinpaiiy now formed, of all the ritjhts and privileges accniinj>; 
 under the f^ant, for the sum of sixty thousand pounds : to be paid by 
 instalments as follows— viz. the first instalment of 10 per cent, upon 
 advice being received in this country of the Company now formcci 
 being in possession of the Mines in terms of the grant ; 10 per cent, 
 monthly for six successive months ; and the remainder after the first 
 dividend shall have been declared and paid : and it is further stipu- 
 lated that a commission of 5 per cent, on the capital sludl be paid to 
 Mr. J. P. Robertson,, for his intervention in forming the present Com- 
 pany, so soon as advice shall be received of its being placed in pos- 
 session of the Mines, up to which period the Directors will take back, 
 at par, all such shares as may be olTcred to them. 
 
 It is proper to state, that a correspondence took place some time 
 ago in the Times newspaper, in which Mr. Robertson, on behalf of 
 the Grantees, claimed a right to work the Pamatina Mines, which 
 Messrs. Hullets, Brothers, and Co. disputed ; and that the corres- 
 pondence in question, with the grant already mentioned, and other 
 documents since received, (fully confirming Mr. Robertson's claim), 
 are in the hands of the Solicitor to the Association, and open to the 
 inspection of the shareholders. 
 
 Regulations. 
 
 1. The capital to be raised is .f 250,000, in 1000 shares of .f 250 
 each. 
 
 2. An instalment of 5 per cent, on each share is to be paid imme- 
 diately into the hands of the Treasurer, and the remainder by further 
 instalments of not more than £ 10 per cent. ^' such periods as may 
 be fixed by the Board of Directors ; and of which they will give at 
 least 21 days' notice by pubHc advertisement. 
 
 3. All officers and servants of the Company are also to be appoint- 
 ed by the Board of Directors. " 
 
 4. A general meeting of the shareholders is to take place on the 
 first Wednesday in June in 1826, and in each following year, to re- 
 ceive a Report from the Board of Directors on the state of the Com- 
 pany's affairs, to elect Directors and Auditors, to declare dividends, 
 and to do such other acts as may be required by the Deed of Settlement. 
 
 At these Courts a holder of 
 5 Shares will be entitled to I Vote. 
 
 10 ditto 2 
 
 15 ditto 3 
 
 50 ditto 4 
 
 And no Shareholder can be entitled to more than 4 votes. 
 
 ir'i^ 
 
 m\ 
 
 ■,.'■.•' I'. 
 
 ,!<, 
 
 'lil; 
 
5. A tleed of settlement has been prepared, wliirh lontains the 
 necessary covenants and rejriilations, lor |)rote(ting tlie interests mid 
 duly administering the aftiiirs ol" the (Company. 
 
 6. The deed of setthMnent to be signed at the time of the first de- 
 posit being paid on eH( h share. 
 
 It contains provisions for referring questions of dispute to arbitra- 
 tion, for disposing of forfeited shares, and for fmally winding up the 
 adventure, and will be ready for signatures at the time the deposit is 
 paid, and will be suboequently enrolled in the Court of Chancery. 
 
 *^* The other regulations are in substance the same as those of 
 Anglo Ciriu, Nos. 5, 6, 10, 11. 
 
 FRANCO-MEXICAN COMPANY. 
 
 of the Co 
 of in Fra 
 Shares, a 
 Ii)nglaiid. 
 come mm 
 nient, aiu 
 l)lish('(I .11 
 Alaman, i 
 of the (k 
 and direci 
 the Miner 
 a long res 
 for fillinn: 
 fairs, to 
 Engines, ' 
 this counti 
 under the 
 
 Capital 6,000,000 francs, in 6,000 Shares of 1000 francs 
 
 each. 
 
 The objects of this Company, originally projected in France, are 
 shewn by the Prospectus, of which a translation is annexed. 
 
 The war with Spain caused a depression of the spirit of enterprise 
 in France, and the violent government of the Emperor Iturbide, in 
 Mexico, seemed likely to paralizo the restoration of order and tran- 
 quillity in that part of America. The Directors and Shareholders in 
 the new concern, therefore, having but little hope of completing their 
 arrangements in France, turned their attention to England, where a 
 greater abundance of money, and unrestrained intercourse with the 
 New World, would induce capitalists to become interested in a con- 
 cern which promised the most brilliant success. Under these im- 
 pressions a negociation was entered into for the purpose of transfer- 
 ring a considerable part of the Company's shares into British hands ; 
 and the constitution of the Company offered tlie means of introducing 
 new clauses, which would produce the effect of putting the estabhsh- 
 ment nearly on the footing pf a chartered Company in England. The 
 new clauses were adopted by the Committee and Managers, and 
 Messrs. Hullett, Brothers, and Company, were nominated the Agents 
 
 The Rev(j 
 
 European 
 tainly are 
 poured the 
 productive 
 it has beer 
 instance, ti 
 enormous i 
 sterling ;) i 
 and it has 
 millions ol 
 speaking c 
 pass befon 
 begin agaii 
 on account 
 their richei 
 Europe : t 
 least as pr( 
 cause the i 
 cent, are n 
 Such is 
 
81 
 
 or the Cinimiiy in Loiitloii, Ibrthc .sale c.C (lieShnrcs not yet dispom-d 
 of ill Fniiict', (or the piiyincut of the Interest and Dividends on Huch 
 Shares, and lor the general Miinn'j;ement of the Company's oflTairs in 
 England. In the nn^antime the prospects of the Company liad be- 
 come much iiK.rc enc()ura^^inlr ; the overthrow of [turbide's govern- 
 ment, and the nnxleration and temperate measnres of the newly-esta- 
 bhshcd anthorities, had restored conluh-nce in Mexico. Don Lncas 
 Ahiman, on his arrival there, found a most happy chanj^e in theatfairs 
 of the Country. The Company of which he is the principal founder 
 and director, was hailed as the means of reviving the prosperity of 
 the Miners ; his high diameter and general information, improved by 
 a long residence in different parts of Europe, made him a fit person 
 for fdling the station of Minister of the Interior and for Foreign Af- 
 fairs, to which he was appointed under the new Administration. 
 Engines, Tools, and Materials, are to be immediately forwarded from 
 this country, and the operations of the Company will be commenced 
 under the most aus|)icious circumstances. 
 
 TRANSLATION. 
 
 The Revolution brought about in Mexico opens that rich Country to 
 European industry : tlie first and most important of her riches cer- 
 tainly are the Gold and Silver Mines, which for three centuries have 
 poured their precious metals over the globe. This branch, the most 
 productive of the country, deserves, above all others, to be revived ; 
 it has been the origin of immense private fortunes ; to cite but one 
 instance, the vein of Guanaxuato has yielded, from 1770 to 1810, the 
 enormous sum of 1,356 millions of francs, (equal to about 64 millions 
 sterling;) it is, however, wrought to the eighth part of its extent only, 
 and it has been found that it is still capable of producing annusllly 25 
 millions of francs for the space of 300 years. M. de Humboldt, 
 speaking of the Mines of Mexico, asserts, that several centuries will 
 pass before the source of these mineral riches can be exhausted. To 
 begin again the working of the Mines, which have been abandoned 
 on account of the war, the Mexican Miners, poor in the midst of 
 their riches, stand in need of the capital and improved machinery of 
 Europe : these aids from foreign countries will make the Mines at 
 leaat as productive as formerly, the profits will even be greater, be- 
 cause the duties of all descriptions, formerly amounting to 29^ per 
 cent, are now reduced to 6 per cent. 
 
 Such is the advantage of the reduction of duties that the rejected 
 
 W 
 
 •t5.:i 
 
 • ! 
 
 rii^i 
 
 illi' 
 
 i 
 
 (! 
 I • 
 
 ^i 
 
 1 
 
 ' :% 
 
 ( ' 
 
 
 
 m 
 
 1 ■ i J'! 
 
 r 
 
 i 
 
 It'! 
 
 
 .'-!1:1 
 
 i 
 
 
 
 
 
 f. 
 
32 
 
 On-, cnn now I).- mn.le (o p»y. «•"• "'""V M''""'*. "••"'»'l«""'«» »«"• •'<" 
 bciiiK tliouKlit Hiiflku...tly prodiiHive. while the dutirn rnimiiu'.l h.nh, 
 aro now become fit to be wrouKhl ; an.l if it Ik- eonHi.lerea that Kreat 
 improvements will be introduced by niinpliryinR the proeenn on Hcien- 
 tific principleH, by procurinR intelligent and practical n.en to asH.st 
 on the «pot ; by employing perfect machinery, and by the reduced 
 prices of the necessary materialn, it will be easy to see that the pro- 
 fits to the Miners and Capitalists who embark in these concerns, wdl 
 certainly be greater than they ever have been. 
 
 The Mines of Mexico are private property, in the same manner as 
 lands or forests are in Europe, the puldic authorities do not interfere, 
 and the government has only to look for the duties on the produce. 
 
 The Company, without running the risk of searching for new 
 veins will treat with the proprietors of the richest Mines, and has 
 already received proposals to resume the working of the mine « la 
 Veta Vezcayna," famous for its richness. 
 
 It will be understood why the inhabitants of the Country have not 
 been tempted to similar enterprises, if it is considered that they do 
 not possess the necessary capital ; that joint stock companies in 
 sraaU shares are unknown to them, and that they are dastitute of mo- 
 dern industry. , 
 
 European capital and intelligence imported into Mexico will re- 
 animate the vital spark in that country ; thousands of natives, who 
 have only the work of the Mines to depend on for subsistence, will 
 find certain employment, and their gratitude will be a further pledge 
 of success and solidity to the Franco-Mexican Company. 
 
 Never, perhaps, was an Association for purposes of industry, re- 
 venue, and trade, projected on a more certain and more profitable 
 speculation ; never was any offered under more favourable auspices, 
 and on better chances. It rests on a Capital of six miUions of Francs, 
 divided into 6,000 Shaves of 1000 Francs each. 
 
 One -third of these Shares will be taken to Mexico, where the Com- 
 pany is certain of disposing of tliem to the Merchants, and in its 
 transactions with the Proprietors. 
 
 By this amalgamation of European and Mexican interests, the 
 Shareholders will be certain of due superintendence and protection. 
 Nothing is problematical in an undertaking which is directed by 
 its founders, who for a long time have meditated and arranged the 
 elements and the results : it has for Directors men experienced iu 
 Metallurgy, and of indefatigable zeal and activity. Mr. Alaman, one 
 
 nftiiem, 
 H publiu 
 vstabliiili 
 
 The folio 
 to the 
 Incorp 
 
 The C 
 
 the head 
 
 niid Mill! 
 
 the firm 
 
 pany, on 
 
 whom tht 
 
 The te: 
 
 stock Ca] 
 
 divided ii 
 
 sterling fc 
 
 are destin 
 
 in Londi) 
 
 Messrs. V 
 
 The in 
 
 payable b 
 
 and first ol 
 
 profits, ar 
 
 the first p 
 
 profits of 
 
 should nc 
 
 sively to i 
 
 gers. If 
 
 the Sharel 
 
 the interes 
 
 the Manai 
 
 Lastly, 
 
 shall be n 
 
 other for tl 
 
 The She 
 
 guages, w 
 
 interest wj 
 
 for new on 
 
n(ll.(-ni, not only .nsiiros <'vcm(iiuI wccohh hy liis knowledge, but n>« 
 H public diaracter vtitli powerful connexions, "he natlonaliaeH the new 
 cHlablitihmciit in Mexico. 
 
 I he following are the principal Articles, and Conditions, according 
 to the present constitution of the Company, by the Deeds of 
 Incorporation, the last bearing date the 3 1st October, 18'i3. 
 The Company is in the joint names of the managing Founders, at 
 the head of whom is Mr. AInman, proprietor of gold and silver mines, 
 and Minister of State of the Interior and Foreign Affairs in Mexico : 
 the iirm in Alaman, Vial, and Co. ; but it is a Joint-stock Com- 
 pany, on Shares to Bearer, with respect to the Shareholders, amongst 
 whom there are already the numes of Proprietors of Mexican Mines. 
 
 The term of tliis C(mipany is fixed for fifty years, and the Joint- 
 stock CapiUd at one million two hundred thousand Mexican dollars, 
 divided into (5000 Shares of 200 dollars each, for Mexico ; =f40 
 sterling fi)r England ; 1000 franvs for France. Two thousand Shares 
 are destined for Mexico, and four thou.sand for Europe. The Agents 
 in London are Messrs. Hullett, Jirothers. and Co., and in Paris, 
 Messrs. Worms de Romilly, and Co. - ' 
 
 The interest on the Capital is fixed at five per cent, per annum, 
 payable half-yearly by the respective Agents, on the first of March,' 
 andfirst of September. The dividends being the division of the yearly 
 profits, are to be declared and paid in the month of December, and 
 the first payment will take place in December 1824. In case the 
 profits of the Company, after deducting interest and all charges, 
 should not exceed five per cent, per annum, they will belong exclu- 
 sively to the Shareholders, without any participation of the Mana- 
 gers. If these profits shall exceed 5 per cent, but not 10 per cent., 
 the Shareholdeis will be entitled to Five per cent, over and above 
 the interest on their Shares, and the remainder only shall belong to 
 the Managers. 
 
 Lastly, if the net profits should exceed 10 per cent., the division 
 shall be made in equal moieties, one for the Shareholders, and the 
 other for the Managers. 
 
 The Shares are printed in the Spanish. English, and French lan- 
 guages, with ten yearly dividend-warrants, and twenty half-yearly 
 interest warrants attached thereto. These Shares are to be exchanged 
 for new ones every ten years. 
 
 
34 
 
 The payment of the Shares in London is to be made into the 
 hands of Messrs. Hullett, Brothers, and Co.; viz. one-third down 
 against provisional receipts, signed by Messrs. Alaman, Vial, 
 and Co., and countersigned by Messrs. Hullett, Brothers, and Co., 
 to be exchanged upon the payment of the remaining two-thirds, 
 on or before the 15th of January next, against the Shares; the In- 
 terest from the respective days of actual payment, up to the 1st March 
 next, will be allowed at once, so that the clear Interest for the sub- 
 sequent sLx Months will be receivable upon the Warrant, due on the 
 1st September following. 
 
 A reserved Fund shall be made from the Protits of the Company, 
 to secure the payment of interest on the Shares, to provide for unfore- 
 seen works and contingencies, and to form a Fund for the repayment 
 of the Capital of the Company at the time of its final liquidation. 
 This reserved Fund is to be raised by retaining 10 per cent, out of 
 the yearly profits of the Shareholders. 
 
 The managing Founders, as a greater security for their good admi- 
 nistration, shall pay 20 per cent, on their Shares of the Profits, until 
 a Capital is completed, equal to that of the Company. 
 
 Both these Funds shall be invested in public securities in England 
 and France, in proportion to the respective number of Shares held in 
 
 each country. 
 
 A Committee, composed of Shareholders, and two Deputies or 
 Counsellors of the Supreme Council of Mines in Mexico, shall be 
 formed there to assist the Managers, audit the Accounts, and give 
 its advice on the afifairs of the Company, power being reserved for the 
 Agents in England and France, each to appoint a Delegate as a mem- 
 ber of this Committee. 
 
 The Books of the Company shall be kept by dooble-entry, and 
 every year a statement of the affairs of the Company shall be trans- 
 mitted to England and France, for the information of the Share- 
 holders. Gold and Silver in bars and coin will be consigned to both 
 countries for the payment of the respective Interests and Dividends. 
 
 At the expiration of the term of fifty years the Company will be 
 liquidated in the accustomed form, upon the general and final in- 
 ventory, comprising all the assets which may then belong to it. 
 
 th: 
 
 CaPITj! 
 
 Andrew ] 
 Thomas ' 
 Edward ] 
 John Bri 
 John Gai 
 Richard ' 
 *Henriqi 
 *John Pa 
 
 John Pari 
 
 Messrs. C 
 
 South Aj 
 tains inex 
 and other 
 
 Numen 
 have, for f 
 incident ti 
 the deficiei 
 
 This Ai 
 purpose c( 
 the purchaj 
 
 The exii 
 the employ 
 
"""Fl!''?''* 
 
 35 
 
 Vi! 
 
 THE GENERAL SOUTH AMERICAN 
 MINING ASSOCIATION. 
 
 Capital-^,000,000 Sterling, in 20,000 Shares of ^100 
 
 each. 
 
 Andrew Belcher, Esq. 
 Thomas Bigge, Esq. 
 Edwanl Blount, Esq. 
 John Bridge, Esq. 
 John Gawler Bridge, Esq. 
 Richard Vaughan Davis, Esq. 
 ♦Henrique Jose da Silva, Esq. 
 *John Parkinson, Esq. 
 
 I*aBSIDEBrT. 
 
 Edward John Littleton, Esq. M. P 
 
 DmiSOTOBS 
 
 Chas. S. Cochrane, Capt. R. N, 
 Felix Ladbroke, Esq. 
 Joseph Marryat, Esq. 
 Edraond Waller Rundell, Esq. 
 Benjamin Tucker, Esq. 
 John Wright, Esq. 
 
 •Antonio Joaquim Freire Marreco 
 
 Esq. ' 
 
 John Parkes, jun. Esq. 
 Messrs. Coutts & Co. 
 
 AVDITOKS- 
 
 I Charles Poulett Thomson, Esq. 
 
 I Messrs. Glyn, Mills, Hallifax, & Co. 
 couirsEi.. 
 
 Christopher Thomas Glynn, Esq. 
 
 SOUOITOR- 
 
 Ambrose Humphrys, Esq. 
 
 SBOHBTAIIV- 
 
 John Bromley Foord, Esq. 
 
 Office, No. 10, Ludgaie Hill. 
 
 South America is known to abound in valuable Minerals, and con- 
 tains inexhaustible Resources in Gold, Silver, Quicksilver, Copper, 
 and other metals. 
 
 Numerous Mines have been opened and worked, many of which 
 have, for some time, ceased to be productive, from the interruptions 
 incident to Revolutionary Wars, the accumulation of Water, and 
 the deficiency of Capital. 
 
 This Association is instituted with the view of embracing every 
 purpose connected with the attainment and working of Mines, and 
 the purchase and reduction of Ores. 
 
 The existing circumstances of South America open a wide field for 
 the employment of British Capital, skill, and enterprize, and afford 
 
 k 
 
 
 ! ' ":i 
 
 
 \-\\ 
 
 ■' I, 
 
 I 
 
86 
 
 encouraging assurances of the probable success of the present 
 
 undertaking. ^ ^^^n . j 
 
 The Capital to be £200,000, in 20,000 Shares of i^lOO each ; deposit 
 £5, the remainder to be called for hy instalments of £b per Share, from 
 time to time, of which 30 days' notice is to be given; and such part 
 of the Deposit Money as may not be required for the immediate pur- 
 poses of the Association, .to be invested in Government Securities, m 
 the names of Trustees, for the benefit of the Shareholders. 
 
 The Association to be managed by a President and a Board of 
 Directors, with whom is to rest the appointment and dismissal of all 
 Officers, and the power of employing Agents wherever they may 
 deem it most advantageous for the immediate and successful prose- 
 cution of the objects of the Association. 
 
 The quaUfication for (he President and each Director shall be Fifty, 
 and of each Auditoi Thirty Shares. 
 
 The Directors shall have lull power and authority to make such al- 
 lowance and compensation, by way of Commission, or otherwise, to 
 the Agents employed by them, and generally to pay and allow such 
 compenskion for Grants and Services as they may deem proper, and 
 circumstances may, from time to time, appear to them to require. 
 
 • ^* We must refer to the Prospectus of the Anglo Chili Min- 
 ing Association for further Regulations.— Nos. 7, 8, 11, 12, 13. 
 
 The Gentlemen to whose names a Star is affixed, have been added 
 to the Direction since the formation of the Company. 
 
 GUANAXUATO MINING ASSOCIA- 
 TION. 
 
 Capital— £400,000, in 2,000 shares of £200 each. 
 Deposit on Subscribing j^5 per Share. 
 
 OJice, No. 35, St. Swithin's Lane. 
 
 The object of this Association is to employ its Capital solely in 
 
37 
 
 w<)rking Mines of Gold and Silver, in the environs of the City of 
 GuANAXUATO, in Mcxico. 
 
 The Association has been hitherto conducted by Six Trustees in 
 England, and eight in Mexico, and the result of their labors will be 
 seen by this Prospectus. 
 
 The City of Guanaxuato is situate on the ridge of Cordillera of 
 Anabuac, and the most populous province of the whole Vice Royalty. 
 The cultivation of this province is w^holly to be ascribed to the Eu- 
 ropeans, who began the improvement of the country. The Mines, 
 which were of little note thirty years ago, are now become richer 
 than the Mines in Pachaia, Zacatecas, and Bolanos, and their metal- 
 lic produce is greater than the produce of Potosi, or that of any other 
 Mine in that part of the world. The produce of these Mines afforded, 
 from 1796 to 1803, nearly five millions of dollars annually, which is 
 equal to one-fourth of the Gold and Silver produced in Mexico. 
 
 The Trustees in Mexico are persons who have previously had an 
 interest in working the Mines, which this Association have posses- 
 sion of; but, for want of Capital, proper Machinery, and Implements 
 for Mining, as well aa the Cornish Science, have been unable to 
 work them to the extent of which they are capable. 
 
 The advice and assistance of Capitalists, and men of experience in 
 mining affairs, both in this country and in Mexico, have been obtained, 
 upon the subject of the affairs of this Association, through whose 
 assistance contracts have been entered into with the Mexican Go- 
 vernment, for the permanent possession of the Mines, and which, at 
 this time, offer every prospect of a speedy return to the Subscribers. 
 
 A General Meeting of the- Subscribers will be convened imme- 
 diately on the arrival of two of the Agents of the Association, now 
 on their passage to England, with the ratification of the contracts 
 with the Mexican Government ; and, also, a report of the- pvc^ess 
 made by them, and the Trustees, in Mexico, in the preparation for 
 the more extensive working of the Mines, and with specimens of the 
 metallic produce, which will be laid before the Meeting. 
 
 Of the 2000 Shares of this Association, 600 are already taken in 
 Mexico. 
 
 At the General Meeting of the Subscribers, four new Trustees will 
 be elected, to join the present; at which Meeting the intended Deed 
 of Settlement will be submitted for approval. 
 
 The Capital is to be ^400,000 sterling, divided into 2000 Sharea 
 of £200 each. 
 
 m 
 
 
 Ipi 
 
 [ t 
 
 
88 
 
 The first instalment of £5 per Share, to be paid on or before the 
 foi:rth day of July next, into the Banking House of Messrs. Frys and 
 Chapman, to the account of the Trusftees of the Guanaxuato Mining 
 Association, and the remainder by such instalments as may be, 
 from time to time, required by the Trustees for the time being, upon 
 their giving twenty-one days previous notice of each call. 
 
 Qualification of a Trustee will be-Ten Shares. 
 
 Auditors to be elected by the Trustees, for the time being, from 
 
 themselves. 
 
 At all Meetings of Shareholders, each Proprietor of 
 2 Sharei, to have I Vote. 
 €.. 2 
 
 10, and upwards, . . 4 
 
 After the first six calendar months from the date of the Deed of 
 Settlement, Shares not to be deemed a qualification for voting, until 
 held for six calendar months. 
 
 The Trustees are to appoint two from among themselves, in whose 
 names all investments are to be made. 
 
 The four Trustees, (when elected at the General Meeting,) are to 
 remain in office, with the other six, for the first two years ; at the 
 expiration of that time, five will go out, annually, but will be re- 
 eligible. 
 
 THOMAS MITCHELL, Secretary, 
 June mh, 1885. 35, St, Swithin's Lane. 
 
 N. B. All communications on the affairs of the Association, to be 
 addressed to the Secretaiy. 
 
 *#* For further Regulations, vide Anglo-Chili^ from 7 to 14. 
 
 To this Prospectus no Directors names were affixed, and in conse- 
 quence of the Company being withdrawn, and the deposits returned, 
 no further publicity was given, or information conveyed than by the 
 above Prospectus. 
 
39 
 
 '^•(liT'^, 
 
 GOLD COAST MINING AND TRAD- 
 ING COMPANY. 
 
 Capital— £750,000, in 7,500 Shares of £100 each. 
 
 OHAmniAiv- 
 
 William Mitchell, Esq. 
 
 DBPUTY-OHAnUHAir. 
 
 John Fam Tiinins, Esq. 
 
 DmEOTons. 
 
 Mneaa Barclay, Esq. Matthew Forster, Esq. 
 
 Henry Blanshard, Esn, Frederick Hodgson, Esq. M.P. 
 
 John Calvert Clarke, Esq. Simon Samuel, Esq. 
 
 Henry Alexander Douglas, Esq. James Sims, Esq. 
 
 John Ede, Eaq. Matthew Whiting, Esq. 
 Frederic Finchani, Esq. 
 
 AUDITORS. 
 
 James Bonar, Esq. James Clay, Esq. 
 
 Daniel Mocatta, Esq. 
 
 Messrs. Barnard, Dimsdales, and Barnard. 
 souorroas. 
 
 Messrs. Blunt, Roy, and Blunt. 
 
 SECBSTARV. 
 
 John George Nicholls, Esq. 
 
 ACOOmtTAlffT. 
 
 Stephen Noad, Esq. 
 
 Office y No. 16, BishopsgcUe- Street fVithin. 
 
 The coast of Guinea has, for ages, been prolific in gold ; and that 
 precious metal is known to abound in the neighbourhood of the 
 British settlements on the Gold Coast. 
 
 The trade hitherto carried on has been confined to a mere barter 
 trade upon the coast, without any attempt by British subjects to open 
 communications with the interior; and yet, even upon tlie limited 
 scale now pursued in coasting voyages, gold and gold dust in con- 
 siderable quantities are annually imported into this country, and a 
 still greater quantity is carried to South America in Spanish and 
 Portuguese slave vessels, and to the United States in American 
 shipping. 
 
 Tliis Company has been formed with a view to obviate the impedi- 
 ments to individual enterprize ; and it is proposed to extend the in- 
 tercourse now subsisting with the Native Chiefs and Princes, and to 
 
 V:\' 
 
 
 
40 
 
 make arratigementa witli Iheui to introdute a better metiiod of work- 
 ing the Mines an.' Pits in the Dinkara, Warsaw, Ahantah, and Fan- 
 tee Territov; '^\f Gi.iil Coast, and at Grajid Bassam and Assinee 
 on the Winu Jast. 
 
 Individuals a. tne directii^n of this undertaking are iJready pro- 
 vided with Agents at different points, who, with other Agents and 
 Factors to be employed, will enable the Company to carry its objects 
 into immediate effect, and to secure the power of working those 
 Mines, which are the richest and most accessible. 
 
 The attention of the Directors will not, however, be confined to 
 the objects before mentioned, but they will avail themselves of every 
 opportunity of pursuing the other commercial benefits to be derived 
 from an extended trade ; and thus be the means of promoting the 
 cultivation of a country capable of producing the most valuable 
 articles of commerce, as well as of conducing to the civilization of 
 its inhabitants. 
 
 The following are the regulations under which this Company is 
 
 established : — 
 
 The capital of seven hundred and fifty thousand pounds sterling is 
 divided into seven thousand five hundred shares, of one hundred 
 pounds each. Deposit £5 per share. 
 
 Not less than thirty days' notice to be given of each call, which is 
 not to exceed £b from time to time. 
 
 Power is reserved by the Directors to increase their number to 
 fifteen, if, under special circumstances, they shall find it expedient. 
 
 The qualification of a Director to he two thousand pounds stock, 
 and the qualification of an Auditor, one thousand pounds stock, in 
 the capital of the Company. 
 
 A General Meeting of the Proprietors to be called the first Wed- 
 nesday in February 1826, and in the month of February in every 
 succeeding year, for receiving a Report from thf Directors on the 
 state of the funds and accounts of the Company, and to declare 
 
 dividends. 
 
 Each Proprietor of 10 Shares to have One Vote. 
 
 20 2 do. 
 
 50 3 do. 
 
 No Proprietor to have more than Three Votes. 
 For other regulations, vide Anglo Chili. 
 
 %* 
 
41 
 
 HAYTIEN COMPANY FOR MINING, 
 
 (under an exclusive Grant obtained from the 
 Government of Hayti) and for other pur- 
 poses. 
 
 Capital— £1,000,000, in 10,000 shares of £100 each. 
 
 PAESIDEMT- 
 
 Tl»e Most Nol)lc the Marquis of Downshire. 
 
 vios-PiUBSiDEirr. 
 
 Sir Thomas Dyke Acland, Bart. M.P. 
 
 DIRCOTORS. 
 
 ugent, M.P. Chairman. 
 
 The Right Hon. Lord N ., 
 
 Sir Janjes Mackintosh, M^. Deputy-Chairman 
 
 Henry Brougham, Esq. M.P. 
 Col. Sir Henry Cooke, K.C.B 
 The Hon. Capt. Curzon, R.N 
 Lyndon Evelyn, Esq. M.P. 
 Ebenezer Fernie, Esq. 
 Wm. Heseltine, Esq. 
 Richard Heale, Esq. 
 Almt) Hill, Esq. 
 
 James Hunter, Jun. Esq. 
 J. B. Lousada, Jun. Esq. 
 F. J. Pig^u, Esq. 
 Charles Tennyson, Esq. M.P. 
 William Wilberforce, Jmi. Esq. 
 H. O. Wheatherley, Esq. 
 
 AND 
 
 Michael Williams, Esq. of Truro. 
 
 AUDITORS. 
 
 Frederick Langley, Esq. David Lousada, Esq. and 
 
 John Lowe, Esq. 
 
 Messrs. Frys and Chapman ; Messrs. Bosanquet and Co. 
 
 flM>U0IT0^1«- 
 
 Messrs. Dawes and Chatfield. 
 
 In forming an Association for working the Gold and Silver Mines of 
 Hayti, the Directors have turned Iheir attention to the probable value 
 of the enterprize : — 
 
 ist. With reference to the productiveness of the Mines themselves ; 
 and 
 
 2dly. With reference to the security on which the necessary 
 Capital is to be advanced for working them. 
 
 The Mines are so situated as to be peculiarly easy of access. 
 They are the same which were forked for some time by the Spanish 
 Government in its division of the Island, formerly known by the 
 name of Hispaniola; and under all the disadvantages of forced 
 
 1.1 
 
40 
 
 labour, of imperfect machinery, difficult transport of the produce and 
 unsettied state of the Colony, they were found very productive. 
 
 On the authority of Herrem it appears " that in early times, Mhea 
 every thing was on a confined scale, when hydraulics and mechanism 
 had not been «ppli«^d to the assistance of mining, and little more 
 titan pickaxes were used, the mint or smelting-house melted Annually 
 from the Mines of La Vega and Buena Ventura alone, 460^000 
 marks of gold, besides what was sent away in its raw state or made 
 up into ornaments." From political motives arising out of the South 
 American policy of Old Spain, the Mines were suddenly closed, by 
 a decree of Government, ai^d the further working of them prohibited 
 under severe penalties. They are described by various authors as 
 easy to be worked, and Abounding in rich and extensive veins of 
 metal i see Pinkerton, UUoa, and Mr. Walton's *' Account of the 
 Spanish Colonies," published in 1810. This account of the value 
 and importance of these Mines is further corroborated by the reports 
 of intelligent persons lately arrivejl from the island ; they are much 
 nearer the United Kingdom thAn those of any other public foreign 
 Mining , Establishment, the avernge passage between Hayti and 
 Great Britoin not exceeding 6 weeks; and the facility of communi- 
 cation being such, that advices may be received twice a-montb, either 
 direct from Hayti or by the way of the United States or France. 
 The whole of the Mining Diiytvint i» within from 26 to 60 miles of 
 good shipping porta, vwth good carriage roads to the fo<rt of the 
 mountains. 
 
 The security oflfered ia an exclusive grant already obtained from 
 the Government of Hayti, (lie advantages of which to the Company 
 are shortly these : — 
 
 1st The e^cial sanction and protection of that Government, 
 which pledges itself in its contract to put the Company into posses- 
 sion of all its Gold and Silver Mines ; and should any other such be 
 discovered under the lands belonging to individuals, to effect at its 
 own cost an arrangement with such proprietors for putting the Com- 
 pany into possession of the same. 
 
 3dly. An exemption firom eil duties on importation of macUaery, 
 and every other necessary for working the Mines and the supply of 
 
 the miners. 
 
 3dly. A remission of all duties on the exportation of the produce ; 
 a grant of land sufficient for the support of the mining labourers j and 
 the remunerati<m to the Gevemment to be made dependant on the 
 
 produce 
 therefore 
 pay for t 
 
 Notwi 
 tend not 
 obtained 
 mediately 
 survey o 
 which Ui( 
 If the R( 
 Mines ca 
 early ret 
 with a dc 
 examinati 
 Company 
 accelerate 
 penses is 
 
 And fi 
 the report 
 individual 
 nexion wi 
 to that efl 
 shall have 
 pany, and 
 from of hi 
 With« 
 objects a^ 
 of the Ha; 
 exiirts. £ 
 upoi| only 
 
 TInrty 
 £6 iirom ti 
 Auditors i 
 go out ia 
 
 '4, 
 
48 
 
 produce of the Alines themselveB ; the expenditure of capital will 
 therefore, be confined to implements and labour until the Mines shall 
 pay for their own working. 
 
 Notwithstanding these securities and advantages, the Directors in- 
 tend not to commence their mimng operations until they shall have 
 obtained a report of able and experienced persons, whc are to be im- 
 mediately dispatched, for the puipbse of making 4 full and accurate' 
 survey of the Mines, the roads, the condition of the country in 
 which Uie Mines, lire situate, and the means of supply for the Mines. 
 If the Report shall not be such as shall satisfy the Directors that the 
 Mines can be worked with every fair aqd reasonable prospect of an 
 early return, the deposit shall be paid back to the subscribers, 
 with a deduction ottfy of the expense of procuring the contract of the 
 examination and report, and of the remuneration to the officers of the 
 Company up to the period of the arrival of the report, which will be 
 accelerated as q^ch aa possible, and the whole amount of such ex- 
 pense^ is not expected to exceed one pound per share. 
 
 And further, if the Directow should, after possessing themselves of 
 the report, be confihAed in their determination to proceed, and any 
 individual subscriber should Ow ?wfc to withdraw from his con- 
 nexion with the Company, such snbseriber, on g:iving notice in writing 
 to that effect to the Secretary, witUn fourteen days after the report 
 shaU have been published, shaU be at liberty to retire from the Com- 
 pany, and shaU receive hack his sub«;ription, after a deduction there- 
 from of his share of the aforesaid expences. 
 
 With the Mining opemtions of tlM Company, other very impori'ant 
 objects are expected to be combined, under the immediate patronage 
 of tke Haytien Government, with whom the most friendly intereourse 
 exists. But these objects, as well as those of Mining, will be entered 
 upoii only after the Directors shall be sctisaed r f their eligibility;. 
 
 Regulations, 
 Thirty days' notice to be given of each c^Ol, which is not to exceed 
 £6 from time to time. Directors to remain in offic* five years, and 
 Auditors two years; afterwards three Directors Had one Auditor to 
 go out 10 rotetton, but competent to be re-elected. 
 
 10 Shares 1 Vote, 
 
 30 2 do. 
 
 80 3 do. »> 
 
 100 « 4 do. 
 
 And no person to have more than 4 Votes. 
 
 i 
 
 1 
 
 1 - , 
 
 '[ 
 
 '' 
 
 
 'i; 
 
 if 
 
14 
 
 The first Geneml Me««ing of the Proprietors shatl b* called HrUhiii 
 two mouths i^er the arrival of the report. 
 
 •«• For General Regulations, vide Anglo Chili. 
 
 ir<t 
 
 MEXICAN COMPANY. 
 
 Capital— £1,000,000, in 10,000 Shares of £100 eudi. 
 
 ^lAu 
 
 %hA Mitchell, Esq. ChairnaaH. 
 
 John Pktty Muapratt, Esc 
 John WUUmh Buckle. Eaq, 
 Edward Dunnester, Esq. 
 Aaron Chapman, Esq. 
 JohnExtster, E»q. 
 James Deacon Hume, £^%. 
 Hart Logan, Esq. 
 
 Henry Ufthome, Esq 
 
 Deputy -Chairmanv 
 Philip MoBoux Lucas« Unq. 
 John Mitchell, Jan. Esq. 
 Ambrose Oliicini, Esq. 
 Charles Ellon PrcHCOtt, Esq. 
 Sir Stephen Slwirp. 
 Henry MUnes Thornton, Eni 
 
 ' , John Blunt, Esq. James Pattiaon, Esq. f 
 
 Vu^ fe«* John WooUey, Esq. ^ 
 
 Messrs. Maiterman, Peters,. Mildred, Masttrmaa aad Co<. 
 
 Messn. Knight and Fyson. 
 
 Ofice,ffo.dl, Great Winchtsfer-Street. 
 
 Shcooraokd by the recent measure of the British Covemment in 
 stationing Agents in Mexico, and stimulated by the representations, 
 advice, and assurances, of parties, the most competeni to afibrd cor- 
 rect information, and to assist in realizing the flittering expectitfions 
 of advantage which they hold out; it has, afier tJUB-faUest enquiry 
 and deliberation, been determined to form an Association for 
 Mining, and other objects connect^ with Mexico, and the adjacent 
 countries, with a Capital of One MUiion Sfcsrling, to be divided into 
 10,000 Shares of J^IOO each. 
 
 The Spanish oflScial accounts shew, that, in the year 1809, the 
 Mines of Mexico produced upwards of *28 Millions of Silver Dollars ; 
 and it is well known, that;, of the causes by which the owners of the 
 Mines, productive of this great wealth, have been reluctantly com- 
 pelled to suspend the working of them, the only one now remaining, is 
 the want of adequtte Capital. Several Mines have already been offered 
 
 
in 
 
 
 >m 
 
 fin 
 m»f 
 
 or- 
 ons 
 dry 
 for 
 !ent 
 into 
 
 the 
 irs; 
 the 
 om- 
 5, is 
 jred 
 
 45 
 
 to the Company, the proposals for which will be taken into early 
 coniideration : but an it will be the businesB of the Diiectore to en- 
 pge audi, only, a. ahail be found to be of the best description, and 
 in order that all their measureg may be adopted with the utmost cir- 
 cumspection and security, it is intended to appoint Commissionert, of 
 integrity an<l knowledge, to proceed, forthwith, to Mexico, and there 
 to reside; whc shall receive proposals from Mine Owtiers, and 
 others ; and, after collecUng the fullest information, upon every es- 
 sential point, (conformably to specific instructions) shall transmit the 
 same, with their full opinions thereon, for the decision of the Directors 
 in London. 
 
 The Promoters of this plan are infor:iied of variouf other means of 
 employing Capital in Mexico, to graat advantage, respecting which 
 the Commissioners will also be fully instructed by the Directors. 
 
 By the plan, thus briefly sketched, it is contemplated that th«^ 
 entering into any improvident contracts will be avoided; and as- 
 surances have been received from very high authority, that the estab- 
 lishment of such a Company will inspire a degree of confidence in 
 the Government, and wealthy inhabitants of Mexico, which cannot 
 but be productive of the most important results. « i »n an .. 
 
 It is proposed that 1000 Shares shall be reserved by the Ditectom, 
 for distribution among the Mine-holders, Plantern, Merchants and 
 other residentii in Mexico; and that the Commissioners may receive 
 and transmit the Subscriptions of such Shareholders in BulUon, 
 Indigo, Cochineal, or other produce ; and that the Directors shaB, at 
 the first Meeting of Propnetors to be convened in 1826, report to 
 the Meeting the state of the Mexican Subscriptions. 
 
 A Deposit of ^^10 per Share to be paid immediately into the 
 bands uf Messrs Masterman, Pbters, Mildred, Masterman and 
 Co. the Bankers of the Company, and the remainder, by Instahnents, 
 from time to time, as the concerns of the Company may appear to 
 the Director^ to rcqnire; hut no Iiistalihent to be called for at W 
 than 30 days' notTce, noi* any to exceed ^10 per-Shiire. 
 
 The Directors and Auditors to remain in office four years: any 
 vacanqy occurring, in either body, within that time, to be filled up by 
 themselves, respectively. 
 
 After four years, from the first Thursday in May 1826, three 
 Directors, and one Auditor, to go out, in rot^on,. annually, bMt may 
 immediately be re-elected. 
 
 Thirty Shares to be the qualification of a Directqr. 
 
Twenty 8hare.i to ho the qualification oi' an Anditor. 
 Each Proprietor of 1(1 Sluurte to have 1 Vote. 
 
 30 2 do. 
 
 30 3 do. 
 
 40, and ii^warda, 4 do. 
 The accounts of the Company to be made up to the 31«t of 
 December in each year, and to be audited on or before the 30th of 
 April foUowiag ; and a Oeneral Meeting of Proprietors to be con- 
 vened annually, on the tirat Thursday in May, at which Meetings the 
 Directors are to fay before the Proprietors the accounts of the Com- 
 pany, signed by the Auditors, with a general report on the state of 
 the affairs of the Company ; the Proprietora at such Meetings to con- 
 aider bye-laws, to sanction such dividends as may be proposed by. 
 the Directors, and, (after four years) to fill up vacancies in the num- 
 ber of Directors and Auditors. The first General Meeting to take 
 place in the year 1826. • . ,-. . < 
 
 A Spanish translation of the Deed of Settlement, properly au- 
 thenticated, to be carried out by the Commissioners to Mexico ; and 
 those who take Shares there, aw to send a full power, autlioriaing 
 some person in London to sign the Deed on their behalf, previously 
 lodging the said power with the Company. 
 
 The Deed to be enrolled in the High Court of Chancery. 
 
 London, 28tk Fehnutry, 1885. 
 
 J. M. MAUDE, Secretary. 
 
 The other Rules are in substance the same as those of the 
 ANOLo-CHiti Mining Association. ^ 
 
 ••• 
 
 POTOSI, LA PAZ, AND PERUVIAN 
 MINING ASSOCIATION. 
 
 Capital-^£ l/)aO,000, in 10,000 shares of £ 100 each. 
 
 Don Juan Garcia Del Rio, 
 Latt MMatir PltntpotenUerg from Peru to «« Court* of Europe.. 
 
 Genend James Paroissien, 
 jiUo late Minister Plenipotentiary from Peru to the Courts of Europe. 
 
«lr W. A. Ingllby, Bart. MP. 
 (.'harles Tennyson, Ksq. M.P. 
 Sir Fnuids Dcsangeij. 
 Lyndon Evelyn, &q. M.P. 
 J. B. IjouswIu, Esq. 
 James Hunter, Jun. Egq. 
 
 47 
 
 l>niBOT<Mi«. 
 
 William RusHell, K«q. M. P. 
 Hon. John Walpole, M.F». 
 Wliiiain Holmes, E»q. M P. 
 C. A. Thioclton, Esq. 
 J. D. Carvttlh(», Esfi. 
 Emanuel Louaadu, Eitq. 
 
 -. - AirDITO«1». 
 
 Sir R. Arbuthnot. K. C. B. J. R. Ward, Esq. 
 
 Lewis Henry Deranges, Esq. 
 
 Sir William Curtis, Bart. Robarts. and Curtis. 
 S>»r Ricliard Carr Olynn, Bart. Mills, and C 
 
 lyO. 
 
 ^*r"'2f Don Joaquin de ia Quintana. 
 
 AjLaP«z Don N. Mariaca. 
 
 aIt ".„ Kon Frar.cisco Alvare« Calderon. 
 
 Atrruxillo Don Modesto de la Vctfa. 
 
 AtTucuman Don Jose Ijrnacio Garniendia. 
 
 At Buenos \yre« Don Felix Castro. 
 
 L. 8hadwcll, Esq. 
 •OUOITOK. 
 
 John Crosland, Esq. 
 
 yittma 
 
 John ChannoQ, Esq. 
 Office, No. 1, Great Winchester Street. 
 
 The object of this Association is to employ Its capital in working 
 Mines of Gold, Silver, Platina, Quicksilver, Copper, and other 
 Minerals, in the Provinces of Potosi and La Paz, and generally in 
 Upper and Lower Peru, in South America, in the purchase and re- 
 duction of Ores, Minerals, and Metals, and in other matters con- 
 nected with Mines. 
 
 The Association has already ScCured, by contract, for ninety-nine 
 years, three-fourth parts of the four celebrated Silver Mines of the 
 Marquis de Casa Palacio, situate in the Mountain of Potosi, and 
 known as the Mines of Lanacayo. They are immediately adjoining 
 the city of Potosi, which contains a numerous population, and is sup- 
 plied with fuel and provisions at moderate prices. Specimens of the 
 Ores of these Mines, brought to England by Colonel De Burgh, are 
 now in the Bodleian Library, at Oxford. The expence of conveying 
 silver from Potosi to Buenos Ayres does not exceed one per cent. 
 
 Measures have also been taken some time since to obtain, on be- 
 half of the Association, a contract for working the valuable Gold 
 
 1 
 
 
 
 
 
 i 
 
 li ■ 
 
 
 'I; 
 
 t > I 
 
 f- '2 f 
 
 r ,! 
 
 
 
48 
 
 Mbes inTipoani, in the province of La Paz, belonging to Don 
 Joaquin de Tracios. 
 
 It is well known, that the Spaniards, under the disadvantages of a 
 heavy duty, a defective system of smelting, and a want of knowledge 
 of the c6rrect principleB of the art of Mining, derived a considerable 
 income from their Mines, and that during the Revolution, Spanish 
 Capital has been vrithdrawn from America, in consequence of which 
 many of the most productive Mines have ceased to be worked. En- 
 terprizes, having for their object the working of those Mines, with 
 the assistance of British capital, science, and machinery, may, there- 
 fore, reasonably be presumed to afford a fair expectation of profit to 
 
 those engaged in them. 
 
 The mineral wealth of Peru, and particularly of Potosi, is too well 
 known to require any comment. Peru, from the time of its first dis- 
 covery by Europeans, has been proverbial for the richness of its 
 Minet. Humboldt, who however did not travel over its richest dis- 
 tricts, remarks " Sttver abounds here as much as in Mexico," and 
 HehM, who visited the mining districts of Peru, and whose practical 
 mineralogical knowledge and experience render his opinion of great 
 importance, alluding particularly to the district of Upper Peru, in 
 which the Mines of Potosi and Tipoani are situate, declares tliat 
 « Peru might alone furnish, annually, four times a greater quantity 
 of Gold and Silver than Mexico." The Mines of Potosi, from the 
 time of their discovery up to 1803, appear from official documents, 
 although imperfectly worked, to have produced on an average, nearly 
 a million pounds sterling per annum. 
 
 As a proof of the importance attached in Peru to the working the 
 Mines in a scientific manner and with sufficient capital, it is only ne- 
 cessary to state, that the late MinUters from tiie Government of that 
 Coimfry, Don Juan Garcia Del Rio, and G^eneral ParoUsien, on their 
 coming to Europe, brought instructions and authority to form in 
 England, Companies or AssocUtions to work the Mines, but which 
 could not be carried into eflfect, as Peru was tiien in an unsetUed 
 state, and engaged in its struggle for independence, in which it has 
 happily succeeded. The Association has the countenance and sup- 
 port of those gentlemen, -who have undertaken to use their inlluence 
 in obtaining for the Association, contracts for workbg other valuable 
 mines in Upper and Lower Peru. 
 
 The Capital is to be One MiUion Pounds SterUng; divided into 
 Twenty thousand Shares of Fifty Pounds each. 
 
 nn The fin 
 30th of A 
 Associatio 
 peir share 
 by the Dii 
 of each ca 
 
 VTh 
 Anglo-Chil 
 
 [PASC 
 
 CAPITi 
 
 John Bosto( 
 H. J. Brook 
 Mana^ng 
 George Bro 
 Davia Cam 
 Joseph Clar 
 
 Williai 
 Th 
 
 ■■"'.' ■■■■-ml 
 
 The riches < 
 upon the me 
 
m 
 
 The first Instalment o{£5 per share i« to be paid on or before the 
 30th of April instant, into tho hands of'eith^f of the Battfcers of thfe 
 AsBodation to the" account of the Directors, and the remaining ^46 
 per share by such ihstalments as may be from time to time reqttitdl 
 by the Directors, upon their giving twenty-one days' previous ttotioe 
 of each call. 
 
 Qualification of a Dihector. . .'J;»/'jri 30 Shares. > 
 
 ofan AuDiTOK'>i>Miti*i,h;.. 20Do/^fBi:'iftn hnc 
 
 At all Meetings of Shareholders each Proprietor of I 
 
 10 Shares to have One Vote. ' ■ i 
 
 20 and upwards Two Votes. ' 
 
 *^* The Regulations are in substance the same as th<r- of th^ 
 Anglo-Chili, the full Prospectus of which we have inserted. 
 
 ff 
 
 
 [PASCO] PERUVIAN MINING COM- 
 PANY. M 
 
 Capital— £1,000,000 in 10,000 shares of £100 each. 
 
 John Bostock, M.D 
 
 H. J. Brooke, Esq. F.R.S. F.L.S 
 
 Mana«ng Director 
 Oeorffe Brown, Esq. 
 David Carruthers, Esq. 
 Joseph Clarke, Esq 
 
 DnUBCTMUI. 
 
 Sir W. Congreve, Bart. 
 oirAlex. Crichton. 
 Joseph Fry, Esq. 
 Thomas Kmder, Jun. Esq. 
 John Parish Robertson, Esq. 
 Samuel Williama, Esq. 
 
 ;f 
 
 Michael Williams, Esq. of Truio* *' i ''^^^ 
 
 «rM.. ^ , I^on Francisco, Quiros, of Pasco. 
 
 Wilham Cochran, Esq,., ^ , Joseph Andrews Fletcher, Esq. 
 
 Thomas Abell, Esq. Thomas Greg, Jun. Esq. 
 
 Messrs. Frys and Chapman. 
 Messr^. WUaon and Holroyd. 
 
 /nr 
 
 Office, No. 72, Basinghalt Street, 
 
 The riches df the Mines of Peru are well known. It is noty howsrer, 
 upon the mere general estimation of their worth that this Company 
 
so 
 
 has been formed. It haa already secured contracts for a long t6rm 
 of years for some valuable Mues on tlie celeJwated heights of Pasco, 
 in the district of Yauricocha and Province of Tarma^ which would 
 :«lone be sufficient to justify its establishment, and not only is the 
 prospect aflforded by these contracts highly satisfactory, but the 
 Company has in consequence secured the aid and co-operation of a 
 Gentleman of High respectability, a native of Pel-u, who is intimately 
 and officially ooi«i9cted with the Mines of Pasco, and who embarks a 
 large property in this undertaking. 
 
 The objects of the Company wiU be further promoted by other 
 gentlemen of infl^ience and intelligence resident in Peru, to procure 
 the cession of B^ch territorial rights either from individuals or Irom 
 the government, as may afford sufficient scope for the active employ- 
 ment of tlie remainder of the Capital subscribed. 
 
 That intelligent and enterprising- traveller Humboldt states in the 
 Fourth Volume of his Essai Politiqi'e, that the Mines of. the single 
 district of Yauricocha in Pert, although more careles% vjrorkftd 
 than most others in South Amerfc^t, had produced 40 millions of 
 ounces of Silver within the 20 years preceding his visit. The shafts, 
 or as he terms them, the numerable excavations of these Mines, are 
 seldom 30 yards in depth, and rarely exceed 80 yards. And he 
 describes a single bed of Silver ore in thta district as extending at the 
 surface nearly 3 miles in length ai»d 1 J in breadth. * ' * 
 
 He also states that through neglect large quantities of some parti- 
 cular variflties of rich ore, have fi*om the first opening of the Mines 
 been left unheeded amoiig the refuse, and that 'iVipn the building 
 stones of Micuipampa ia rich in Silver ore. 
 
 It ifrarrenged thtt the engageroenta of the Oompmay^shtttnot be 
 limited to the precions metals, but shidl extend to such other minerals 
 and ores as may be wrought with advantage to the concern, and 
 also to affi>rding the necessary ttciKties fo the Proprietors of Mines 
 for working them themselvesi on \mM^ of the Company. 
 
 The Gentleman at present actbg under the |>ower« and intructions 
 of the Government of Peru in Ms al!8fri4ft this Country, and who is 
 also a Director in this undertaking, knowing the disposition of the 
 Peruvian Government to promote an enterprise of this nature, will 
 use his influence to obtain its protcetion for this Company, and a pre- 
 ference in such further Contracts as the Company may be desirous to 
 engage in 
 
 [ 
 
 %• T 
 
 Mining G 
 
 least vati 
 
 The C 
 
 £ too t&t 
 
 by install! 
 
 Q« 
 
 A Gene 
 March in 
 
 PERU 
 
 CAl>lt;! 
 
 The Hon. I 
 George Bui 
 The Hon. C 
 Ebenezer F 
 Edmund F. 
 
 Peter Ve 
 
 The objecti 
 course with 
 careful inve 
 these object 
 
31 
 
 [**• The Regulations are in substance the same as tiioae of otlier 
 Mining Companies. We, however, subjoin those which hare the 
 least variation.] 
 
 The Capital of ^1,000,000 to be divided in 1000 Shares of 
 £ 100 each ; on which a deposit of ^5 to be paid^ und the reminder 
 by instalmentsof .f 5, of which 21 days' notice to be giveq,, ,ju.,q/^ 
 
 Qualification of Director or Trustee ...... 30 Shares 
 
 Auditor 20 Shares 
 
 Each Proprietor of 10 Shares, to have One Vote. 
 
 20 2 do. ^, 
 
 uU,«. . ,,. , ...^ ... 3 do. 
 100 and upwards. ... 4 do. 
 
 A General Meeting of the Shareholders the First Wednesday in 
 March in 1826, and each following Year. 
 
 PERUVlAlSr TRADING AND MINING 
 
 COMPANY. 
 
 :4J 
 M 
 
 m 
 
 if ,' 
 
 "U. 
 
 CAl>itAL— ^1,000,000, in 10,000 shares of ^^100 each. 
 
 The Hon. Richard Biogham. 
 
 Oeorffe Burband, Esq. 
 
 The Hon. Capt. Curzon, R. N. 
 
 Ebene^r Femie, Esq. 
 Edmund F. Green, Esq. 
 
 Richard Heale, Esq. 
 Fowler Newaam, Esq. 
 John Poingdestre, Esq. 
 
 in! 
 
 The ^bt Hon. Lord Teynham. 
 " I, ]^q. M.f 
 
 Geo. Vfenables Vernon, &q!M.ip. 
 
 Peter Veres, Esq.— A. Goldsmid, Esq.— Charles Stephenstin, jfeq. 
 
 <m\- 
 
 Messn. Veres, Ward, and €o. 
 Messrs. Nind and Cotterill. 
 
 OJice, No. 36, CkmthW. 
 
 Tms objects of this Company are to carry on a regular trading inter- 
 course with Peru, and to work such Mines in that country as, upon 
 careful investigation, shall be found worthy of attention. The first of 
 these objects will be immediately acted upon ; and with a view to 
 
52 
 
 Xhe «econd. Agents, folly competent to enter into arrangements for 
 the Purchase or Lease of Mines, will be dispatched without delay. =/ 
 
 One Thousand Shares are reserved for future distribution among 
 person* resident in Peru (who may wish to become interested in this 
 concern), or at home, as to the interest of the Company may be found 
 expedient : -j/it/,. , n , 
 
 The first Instalment of ^5 per Share is to be paid to the Bankers, 
 and the future caUswill be made ad the "Directors may find necessary ; 
 and such call not to exceed £ 5 per Share, nor to be made without 
 giving one montlj's noticed 
 
 The Directors to have fke* pftWet of increasing the Capital of the 
 Company; tut ojily with the consent of the majority of Proprietors 
 present at a General Meeting, to be convened for that purpose espe- 
 
 (ciaUyt. 
 
 Each Proprietor of 10 Shares to have 1 Vote. 
 
 26 2 do. 
 
 50. 3 do. 
 
 i)/(/H^ lOOandupwards 4 do. ,^^^,^,^ 
 
 No Transfer of Shares shall be made by a Proprietor, until all in- 
 stalroents then called for shall have been paid up. 
 
 .A-G«iiwal Meeting to be called on the first Monday in June, in 
 every year, when the accounts and the report of the Directors, as 
 to the state of the affairs of the Company, are to be laid before the 
 Proprietors. The fi;At'GettCtfl Meeting shall not take place before 
 
 1826. '"■■'■' ■ -•'■- : --^ 
 
 ^A Deed shall be prepared for the regulations of the Company, 
 contahiing such restrictions, covenants, powers of reference to arbi- 
 tratioiH foTfeitwe of Shares, dissolution of .the Company, and other 
 meaijures, as the majority of the Directors shall deem eligible ; und 
 such Deed is to be executed by all the Proprietors, within forty days 
 after public notice in the Gwette, and four public Newspapers, shall 
 be given for that purpose. '*' "'" 
 
 London, March 2$, lS2b. 
 
 H^Mill ,'••"» /:il8!'i»i .".ii! II! .'Ill ■ .r.-..- 
 
 REM 
 
 Capitai 
 
 Fnancis Ba 
 Michael Bl 
 Thomas Bt 
 I'homas F. 
 *Edw. Ha' 
 
 WilUam £| 
 Michael BIi 
 Francis Bai 
 
 ••i ■■ '■ 
 
 •n&A a) 
 
 Office, N 
 
 This assoc 
 the BMii d« 
 the mines o 
 
 The qua! 
 one share. 
 
 The divi 
 
 prodncfe of 
 
 I *»• No 
 
 Mining Co 
 
 ♦.Those g 
 tion nnce iht 
 
■ur 
 
 s&. 
 
 ilVJJ j|l|)(f In \, 
 
 'It iu 
 
 HJWiJ' 
 
 REAL DEL MONTE MINING 48 
 
 CIATION. 
 
 ■.>-'aU 
 
 M-oir 
 
 5 
 
 
 Capital — £200,000, in 500 Shares of £400 each.- 
 
 Deposit, £20. 
 
 X\^. -.A 
 
 Thomas Fowell Buxton, Escl^i M. P. Chairman.. 
 
 S, F. T. Wilde, E»q. Deputy-Chairman. 
 
 William Fiy, Esq: '^^^" "''^^ 
 John Martineau, Esq. "<'i3<j ^mA^ 
 Joseph Martineau, Esq. f.,.!j 
 J. H. Shears, Esq. 
 ♦Major John Giirwo ^. f>'"t| 
 
 Fsancis Bajly, Esq. F. R. S. 
 
 Michael Bland, Esq. F. R. S. • 
 
 Thomas BroAvn, Esq. '".i 
 
 Thomas F. Colby, Esq, F.R.a. 
 
 *Edw. Hawke Locker, Esq. F.R.S 
 
 ' AUDITORji. 
 a«W|) '(u Thomas Hudson, Esa. G. H. Hooper, Esq 
 
 /nil shn-h/ ,■ Peter Martineau, Esq 
 
 'h "iM 
 
 imVSTSBS- 
 
 "ytii ma lo miiii 
 
 WilUam Ellwand, Jun. Esq. 
 Michael Bland, Esq. 
 Francis Bally, Esq. 
 
 , . ,, ,■ ,,. John Taylor, Esq. 
 
 Joseph Martineau, Esq. 
 I 'I' James H. Shears, Esq. 
 
 Messrs. Frys and Chaptnan. 
 . SOUICaTOB. 
 
 Messrs. Martineau and Malton. 
 
 ■"■> 'Htii n 
 
 Office, No. 14, ChaUuim' Place, BrUlge- Street, Blackfriars.. 
 
 This association is formed for the purpose of working the mines of 
 the R«*l del Monte, the property of Count »*. la Regla, and also 
 the mines of Moran, being in the district of Pacucha, in Mexico. ^ 
 
 The qualification of a director, or auditor, ^ the proprietorship of 
 one share, each shareholdjer being entitled to a vo*e. * 
 
 The dividends to be mad« as profits may arise from the sale of the 
 prodticft of tbe mines. 
 
 •^* Note. — Having given a detailed prospectus of the BolaTios 
 Mining Company, we refer to it for general information as to the 
 
 • Those gentlemen to whose names a star is affixed, have joined the Direc- 
 tion since the formation of the Company, two othes gentlemen having tetngned. 
 
 
 j(,..i. 
 
 •T'- 
 
54 
 
 internal regulations of fM% company, the management of both com- 
 p^nief being tk WW" : wgh under a distinct |^roprietor.hiij, and 
 carried on as a separate Cf Nblishment. • - ; 
 
 We subjoin the original prpspectfm isfuod respecting these Mines, 
 as an object of interest, and to render the work complete. 
 
 Prospectus of a Compa^ufor Working the Btgla Mines, 
 
 tif Mexico, 
 
 Thk riches of the sUver mines of Spanish America have, for a 
 long period, b«ei* weU Uown in Europe, ,w4 the rewjarchej of tale 
 traveUers have more partkukrly explained their extent and former 
 productiveie8«, and accounted for their prewnt state of inactivity: 
 of the whole, those of Me^;^ IwW «»« most distingtiistied place, 
 whether the numbef and sJM of the veins tw co»fidered,— the quan- 
 tities of ore they have produced,-or the flicilities with which they 
 may be WQtfced by the i^ppBcation oif such means as are well under- 
 stood in Ei^rope, «Ad at tl^e present period in no place better thwi in 
 
 England. . 
 
 The causes which have produced a suspension of the works in 
 several, ar« clearly stated, and are mofe intelligible than in many 
 other cases, where minesi h^^fe fc^e» abandoned : they appear to have 
 existed first in the difficultiet fiw« WC^ewing depth, and were so far 
 simflar to those which produced the same effects upon our English 
 mines before the general application of the steam-engine; and to 
 these, of late years, have been added, the difficulties and embwrti#»-. 
 ments of civil war, and of an unsettled government 
 
 The suspension of the mines, and the expenses of th* hig^ clawed, 
 iii such a state of things, have produced a total w*nt df capital at a 
 time wheiy to render such operatiolu. proitaWe, a gwaler proportiw 
 of it is become necessary. 
 
 Under such circumstances, it is to b« expeeied, that the Mexican 
 knd-owners should look out for aid to foreign countri«8 ; nor is #ny 
 coun^ more likely to attract their attention and inspire theif kfifM, 
 than Bigland, where, it is probable, they have hear^ t»»t both money 
 and the nseessary skill in applying it to such operations, were to b« 
 
 found. 
 
 Offers of grants of some of the priacipid UMPes have, therefore, 
 
 been ma 
 on the CO 
 of prope; 
 nished fn 
 
 Public 
 conriden 
 undertake 
 great cap 
 
 TJien» 
 are tbiMe 
 of COUNI 
 The Coa! 
 1823, an 
 who 1ms I 
 be willing 
 for a certi 
 
 The d< 
 Mining it 
 in the woi 
 ever visit* 
 have foeei 
 respectabl 
 and are 
 that Real 
 Mines ha 
 principal 
 tianq, Dol 
 to the dep 
 times thej 
 under the 
 and thai 
 means h&i. 
 1801, in 
 great dista 
 enormous 
 
 Theplh 
 Gontempk 
 those who 
 not be ad 
 
dft^ 
 
 been maile to several pernona in this country on certain terniB> and 
 on the condition of their being effectually worked by the applioalion, 
 of proper maehinery, and such other meanff which can best be ftir- 
 nished from England. 
 
 Public attention has been drawn to the subject in London, and m 
 considerabk degree of interest excited; and already one company has, 
 undertaken a large and productive district of Mexican mines, and A 
 great capital has been subscribed for the purpose. 
 
 1%t tames, next in rank to these, judging from their former value, 
 are thbee of Real del Monte, in the district of Pachuca, the property 
 of Count Reoi^, a nobleman of distioguished rank and character., 
 The Coant has authorized, by ample powers given on the 23d June, 
 1823, and received in London in September last, an Engjiab house,, 
 who has an establishment at Mexico, to treat with persons who may 
 be willing to advance the; necessary^ CapiUtl, for a graat of those nunes^ 
 for a certain period. 
 
 The details have been examined by persons largely interested in 
 Mining in England, and the accounts compared with the statements, 
 in the works of the most scientific and intelligent traveller, who haa 
 ever visited Spanish America, M. Humboldt, and the conolusidnA 
 have been verified by very late information communicated by most 
 respectable individuals who have visited Mexico from this cov^itry, 
 and are lately returned therefrom. From these data it appears, 
 that Real del Monte includes a great number of Veins ; that 5 large 
 Mines have been worked there, besides several smaller ones the 
 principal Mines being called Guadalupe, Santa Theresa, San Caye- 
 tanq, Pdores. and Sautes fti^da. Thai these Minep \V|^e* dfai»ec< 
 to the depth of about 1 00 fathoms by a level, or adit, and that in later 
 times they have been Worked to a further dfepth of 50 or 60 fathoms 
 under the a^t, by means of Howe-Engines of a rude construction • 
 and that finally, when die difficulty of drawing the water by such 
 means had increased to a great degree, the works were suspended in 
 1801, in the hope of being able to brfeg^ in a deeper Adit from a 
 great distance, and throagfe t^e rock that would have requifled ^j^ 
 enormons expenditure, and wonld occupy a peri<^d of many years. ^ 
 
 The propo8i4 for working tl^es^ Mines, as reeeived from Mexictf 
 Gontempkles tke prosecution qf tfeis scheme; but, in the opinion pf 
 those who have been consulte^oa t|i^ Wlbject in England, tWs would 
 not be advisable, and it m (»esumed, that »niore eflfeetiveplan may 
 
 r i 
 
m. 
 
 be adopted to drain the Mines at once, and t^UB to brinp them more 
 wipitfly into a productive state, 
 
 it Would be a primary object to obtain the best information, and 
 a correct report of the sUte of the Mines, as the foundation for com-, 
 mencing the works with eflfect, and on a- plan weH digested ) and this, 
 it is presumed, may be done without much delay, by the employment 
 of person^ selected from some of the largest noines in this country, 
 and which the Company may be enabled to do, by the assistance of 
 gentlemen who are disposed to join in the undertaking. It is pro- 
 posed to raise a Cajrital by Subscription, in a sufficient nurafcer of 
 Shares, of ^500j000, in 2000 Slares of jf 250 each, subject to be 
 called for by the Committee of Management, when required for the 
 expences of the undertaking ; and a Meeting will be convened for the 
 purpone '^f raising such a Subscription, and for formiiig the Hegula- 
 lations of the Company, the appointment of a Comnuttee of Jianage- 
 ment, and other necessary arrangements. ! -^i* tr > 
 
 ■■ *J^ Note. — According to the foregoing Prospectus, (which we 
 are informed did not originate with the present Company) it was in- 
 tended to raise a Capital of ;e500,.000, which, however, has been 
 reduced to .£200,000 by the Company formed for working those 
 Mines, under the title of the Real del Monte^ Mining Association, 
 vide p. 53. ' ■' 
 
 ti'< 
 
 lijt 
 
 , ,' 
 
 I 
 
 ,>iVtd:} .;'>/r»'7f r!'»r»t( 'ifkui 
 
 RIO BE LA PLATA or BUENOS AYRES 
 MINING COMPANY. 
 
 Capital— jgl,000,000, in 10,000 Shares of £100 eaqh. 
 
 John L. Anderdon, Esq. 
 John Biddolph, Esq. 
 Chwlcs D. Gordon, Esq. 
 Oeoige Hathom, Esq. 
 George Hibbert, Jun. Esq. 
 John Hullett, Esq. 
 
 i James M'Killop, E^ 
 Richard Sanderson Usq. 
 Martin Tucker Smii a, E^q. 
 
 Rowland Stephenson, Esq. 
 
 Charles Widdcr, Esq. 
 
 John Williams, Esq. Truroi'»>fio 
 
 ?.n.i in 
 
 MxmrifomM. 
 
 William Fry» Esq. Fre<terick Mannings Esq. 
 
S7 
 
 ore 
 
 nod 
 Dm-, 
 his, 
 lent 
 Iry, 
 e of 
 
 KO- 
 
 rof 
 » be 
 the 
 the 
 uU- 
 *ge- 
 
 we 
 in- 
 
 leen 
 
 1086' 
 
 ioD> 
 
 hith 
 
 ES 
 
 Sfuii! 
 
 £ 
 
 Uui) 
 
 
 
 
 v.Mi^.A^*'*'*'?".1'. ^""^''' ^'^y"«' '^"^ Smiths, , r • . 
 ,.;r>-, ..1 •OUOITOIIS. , 
 '" ' Messrs. Freshfieid and Kiiye 
 
 MmomKTAMit: 
 
 Richard Heathfield, Esq. , -ip 
 
 AOBBTTS, j>ro tempi .»i^Hnil , : , . 
 ain<i'n iiii Messrs. Hallett, Brothers, aiid Co. l b #a 
 
 O^re, No. 102, Leadenhall- Street. 
 
 rthti,-ft- ' ■ ' 
 
 The provincea of Rio de la Plata, formerly the tice-royalty of 
 Buenoj* Ayres, possess many Gold, Silver, and other Mines: those 
 flituate in what are called the Lower Provinces, such as MondozH, 
 San Juan, San Luis, Cordova, Tucuman, Salta, Jujuy, Catamarcai 
 Rioxa, &c. are nearly in a virgin state, having been worked only at 
 intervals on a. small scale by men of little skill or capital. 
 
 These Mines in the Lower Provinces, which are the object of im- 
 mediate attention, are not only little worked, but most, if not all, ^rp 
 surrounded by a fine and fertile country, abotmding in Forests^ fur- 
 nishing timber and fuel, — in Pastures an<i Streams of water,— and are 
 at an elevation so easy, as to admit of Cart-Roads to the cjty of Buenos 
 Ayres; amongst these the celebrated Mine of Famatina may be par- 
 ticularly mentioned. Most of these Mines not being in legal posses- 
 sion of any proprietor, may be entered upon with the undivided 
 enjoyment of the profits, or if any claims should arise, it is presumed 
 that they will be satisfied at an easy rate. .. > 
 
 The forced labour. of Slaves or Indians, has never been us'eJf m Ihe 
 Mines of the Lower Provinces : the labourers were freemen, even at 
 more remote periods, when some of the works were actively pursued, 
 and this vn}l, of course, be the case m future, because not only haa 
 the Slave-^Trade been abolished in all the Provinces, but also the 
 mita or forced labour in the Mines of the Upper Provinces, where 
 that practice did prevail ^ 
 
 In conformity to a decree, passed at Buenos Ayres, authorizing 
 the Minister of State and for Foreign Affairs to cause pi Company to be 
 established in England, for working the Mines iii the territory of the 
 Provinces of Rio de la I^at9, an official communication has been 
 made by that Miniister to Messrs. Hidlett, Brothers, and Co. which 
 authorizes and instructs them to take the necessary steps for carrying 
 that object into effect, by such means as they may deem proper- 
 
■ t 
 
 i 
 
 With a view to this purpose, tfie Qtmtrnmnnt of Buenos Ayreti ad- 
 dressed circular letters to the Governors of the Provinces, requiring 
 them to collect all the information possibte regarding the Mines in 
 their respective districts. Heveral reports have been made in conse- 
 quence, official copies of wfadcU have been tranroiitted to Messrs. 
 Hullett, Brothers, and Go. and others am expected. 
 
 By a law, passed at Buenos Ayres in Nov. 1833, for regulating 
 the duties on importation and exportation, the duty on Gold and 
 Silver, on exportation, is Axed at 1 per cent. 
 
 This AsHOciation is founded on the basis and under the authority 
 of the proceedings and documents before mentioned, raid its objects 
 embrace every purpose connected with working Mines, and the par- 
 chase and reduction of Ores, Minerals, and Metals, without iimitatioD 
 to any particular provinc*^ or territory. 
 
 R*guiatiofu. 
 
 The Capital of .ei,P0O,00O to be dividtd into 10,000 Shares of 
 £ 100 each. 
 
 The Calls to be made by the Directors at not less than 31 days' 
 
 ... ''.ft 
 
 notice. 
 
 The C<iurt of Directors to appoint and employ Messrs. Hullet^, 
 Brothers^ and Co. as Agents to the Association, until they shall have 
 Imported diat the administrative and operative departments in the 
 Provinces are organized an^ in activity, with powers to originate and 
 conduct such proceedings as they may deem proper. 
 
 As 9oon as the Association sb^U have been fully established as 
 above mentioned, one of the Directors to be nominated and appointed 
 tp act as Managing Director, aitd to be and continue in such office 
 not less than Three Years. 
 
 It is proposed to dispatch immediately intelligeot Agents and 
 Miners to comnti^nce operation h at some of the principal Mines, and 
 to examine and select such other mines as it may be deemed expe- 
 dient to work in the several Provinces. 
 
 At all Meetings of Shareholders, the Proprietor of — 
 
 10 Shares to have , . 1 Vote. 
 
 30 ditto, and upwards .... 2 ditto. 
 
 The other general regulation! are the same as t^MMe of the AjfOLo 
 Chili Mining Association 
 
d9 
 
 ROYAL WALDECK MINING ASSO- 
 CIATION. 
 
 Capitai,--£500,000, in 5,000 Sh^es of £100 eacU. 
 
 Hon. Washington Shirley. 
 WiUiam Hall, Esq. 
 ^^aptain Page. 
 Thomas Emmett, Esq. 
 
 or wukMMm 
 
 Thomas Moore, Esd. 
 P. P. Goldschmidt, Es^j. 
 Arnold Hirsch, £8<j. 
 Gottlieb Berber, E |. 
 
 (With power to add to thdr number.) 
 
 :.i» 
 
 W. J. Bantock, Esq. 
 
 JUMAV MJUtVWm- 
 P. N. JohBson, Esq. M. G. S. 
 
 MIUCIT<MM- 
 
 Messrs. Tomlinson, Bennell, and Copper. 
 
 m\ 
 
 Sir John Perring, Bart. Shaw, Barfjcr and Co. 
 Mr. M. G. Mitchell. 
 
 The Deposit of .f I per Share to be paitt pn Ae allotment, and £2 
 more on the report of the Committee, at a General Meeting of Pro- 
 prietors. 
 
 The possessions of His Serene Highness the Prince of Waldeck 
 hav^ long be^n considered the most valuable in Germany, in Gold, 
 Silver, Copj ar. Lead, and Iron Mines, (the latter being in quality 
 superior to the Swedish,) but to the want of suificient Capital and 
 Machinery, they have been laying ahnost dormant, and now offe- to 
 English Capitalists a most advantageous opportunity for profitable 
 investment. 
 
 A grant duly ratified being obtained from His Serene Highness, it 
 is intended to form the above Association for the purpose of working 
 them with English Machinery. 
 
 f 
 i 
 
 V 
 
 h 
 ■■ * 
 
 I 
 
The peculiar advantagen attending theue Mine* Me, 
 lit. Their proximity to the Manufacturing town» of — 
 
 Iserlohn^ famona for if« BranH founderiea, 
 SoUnjjjeii 'fii'f I'O" and Steel, , 
 
 S(oiberg':;.:K.....B^8, ' 
 
 Elberfeld, the seat of tlhi feliJnhih West India Company, 
 
 and many others of smaller npte ; and, owip^ to the immense quan- 
 tity of Metaf consumed by these towns, M is anticipated nearly the 
 whole of the produce will be purchased by them. At present, they 
 are compelled to tktttm; at d vefy dtoulvautageoiu rate, from Ilusnia, 
 Sweden, and Norway, and they are looking forward with great 
 anxiety to the success of the present undertaking. 
 
 2d. The river Weser running close to the Mines, the surplus pro- 
 duce can, at a cheap rate, be exported to Bremen, Hamburgh, and 
 England. .• ., .«,f a*!ft :' 
 
 3d. The mountains are covered with wood, the necessaries of 
 life cheap, consequently the price of Wioor is very low, 
 
 4th. The Shafts being only from 40 to 50 fathoms deep, little cx- 
 peuce will be incurred in working Ae Mines. 
 
 Bth. The Mines being at present in work, it is expected they will 
 in a short time produce a Dividencf, and that not nwre than one-tenth 
 of the Capital subscribed will be required, at least for 12 Months, 
 and then only on complete anoeew» and for the enlargement of the 
 undertaking. .. ... 
 
 6th. The grant being under a liberal Prince, anxious for the em- 
 ployment and welfare of his subjects, great advantages will be derived^ 
 from his sanction and patronage. 
 
 (Signed) M. G. MITCHELL, 
 
 Secretary. 
 
 i:rnM'<fi 
 
 Atu 
 
 
 
 .w,m> 
 
v-iaft 
 
 ASSOCIATION for Working the MINES of 
 
 TLALrUXAHUA and OTHERS. 
 
 in MEXICO. 
 
 CAPITAL— ip400,00a, in 1000 Shares of ^^400 each. 
 
 '" " '■— - J I 
 
 "' "" " DnuMrroMtf*' ""»'^''**'«! ^^^'^ ^^w* <>* 
 
 John Smith, Esq. M. P. Chairman. ' 
 
 William Sampson, Esq. Dcputy-Chainnan. 
 
 Colonel Henry Cooke. 
 John W. Cowcll, Esq. 
 iimrge f ireen, Eiq. 
 
 William Hartley, Esq. 
 Oeoi^fe Warde Norman, Esq. 
 George Robert Smith, Esq. 
 
 iHttoiia mi Hi « if} » 
 
 MxmrKoum- ,.. 
 
 NldiolM Garry, Eb<i. Charles Poidett Thompson, Esq. 
 
 Ifil 9ld( 
 
 Messrs. Smith, Payne, and Smiths. 
 
 souorroaji. 
 
 Messrs. Freshfteld, Kaye, and Freshfield. 
 
 Office, 38, Old Broad Street. 
 
 Ti^ object of thia AssoeiatioD is^ at present, confined to working 
 some of the rarious Minen situated on the Great Vein ofCoromu, in 
 the province of ValladoHd. 
 
 The Directors conceive that no other Company has had better evi- 
 dence, in the ontset, touching the various points necessary to be 
 attended to in an undertaking of this sort, than they have had ic% 
 specting the advisibility of Working the Coronas Vein, and particu- 
 larly with respect to the Mines of Tlalpuxahua, situated on it. 
 
 Determined, however, to proceed with the utmost caution ia raising 
 the expectations of their Shareholders, they resolved, unanimously, 
 on the 22d December, 1824, that the following Statement, which had 
 been previously drawn up and approved of, should be affiled to the 
 receipts fot- Shares, and otherwise made public :•>- . < kuh .i 
 
 :D;'r ■.?,.•.,, ->n .: )„_.„,.,!.,. <,„,. December 22, 1824. 
 
 A eoB^act h^ been concluded with the ProprietQr§j0f ^^e W^pes 
 of Tlalpuxaliuii, through. their Agent in this country, bj;^wb|ch the 
 
 «♦ 
 
 li^ 
 
 ' .'■! 
 
 * ■■ 
 
62 
 
 right of working those Mines has been ceded to the Association for 
 
 Thirty Yellrt„ U)W rrl >1 OIT^vKX' 
 
 They fbnnerly produced great wealth, but have teen loqg aban- 
 doned, 6wir.g, as if is stated, to the works having been iindndated. 
 
 There is good reason to sdj^pOse, that the application of improved 
 scientific and mechanical skill may render them as productive as 
 they were formerly. 
 
 It is proposed forthwith to dispatch competent persons to Mexico 
 to take legal possession of thenu aud to examine on the spot into 
 their nature and actual state, and upon the report which these gen- 
 tlemen vrill make it wiU be for tlie Directors to determine whether to 
 pursue or abandon the speculation of working them. The experiment 
 will be made with the ittmost practicable economy. 
 
 The cdntract is to worded iu to give the Associatibn the power of 
 renouncing it at any moment ^rH!i6«li«tiy fine ; but there is no similar 
 provision in favour of the Proprietors. 
 
 The Directors, of course, consider the undertaking to afford a 
 reasonable and fair probability of fuccess ; but as, in its present con- 
 dition, it can oaly be regarded in the light of an experiment, they 
 were exceedingly anxious to make their Shares not transferable till 
 more accurate information could be obtained than that which they 
 now possess. 
 
 Finding the difficulties in the vtray of such an arrangement to be 
 very greats they have thought it incttmbeirt upon them thus to declare 
 the real nature of the undertaking, in orifer to prevent the Shares 
 from atJqditing any fiotittous value, owing to the excited st«te of the 
 pttblic mind, ak the present moment, with ref;ard to all Mining Spe- 
 cnlatioiis. 
 
 Jaimaiy20, 1826. 
 
 iPttt (Ik satiie reasons that induced the Diraotors to agree upon the 
 above 8«at«Ment, they thkik it «]«» incumbent upon them to mention^ 
 tlmi til* Real del Monte 0»Bk'|iiuiy h«i dedamd that it conceives it- 
 self to ha^e ft ekim to the Mines of Tlalpusdiaa. At the time when 
 the Directors signed thl^ e()Atra«t with tiMB Agent of the PrioprieitorSi 
 and agreed to the above Statement^ they had not the remotest suspi- 
 cion that the Real del Monte Cbmrpttny conceived itself to have any 
 claim of any sort. It was first advanced on the 28th December, 1824. 
 
 Deputations of tiie two (lomjMuaieii have met, (Uisisted by Adf legal 
 advi^rs, and the ReAl d(^ Monte (iSompany htui exhibited what its 
 
 Director 
 clann to 
 
 The I 
 the opini 
 Navarroj 
 and of tl 
 clare the 
 Compan; 
 any doul 
 
 The! 
 tract,. an( 
 their parj 
 to any su 
 their Sha 
 
 1. Th« 
 i?400ea( 
 
 2. The 
 the accoi 
 Messrs. S 
 paid by 
 see fit to 
 
 3. Not 
 by the Di 
 ,, 4. The 
 dessary ; 
 subscrihii; 
 
 5. The 
 date of thi 
 three to g< 
 nominate 
 they see fi 
 
 10. Th 
 make suci 
 agents, as 
 pay and a1 
 per, and < 
 require. , 
 
 *•* *ri 
 
 to those of 
 12, 13, 14 
 
63 
 
 Directors declare to be all the grounds on which they conceive their 
 clami to be founded. ^ |^ ] 4 1 • ^ 
 
 The Directors of the Tlalpuxahua and Mexican Association, under 
 the opinion of the Gentlemen of the Mexican Legation, of Don Felipe 
 Navarro, formerly Grand Judge and Minister of Justice in Spain, 
 and of their Solictors, Messrs. Preshfield, K»ye, and Preshfield, de- 
 clare their complete conviction that the daim of the Real del Monte 
 Company has no foundation, and that their own does not admit of 
 any doubt. 
 
 The Directors are bound to thi Mexican Proprietors by their con- 
 tract,, and their claim could only be vitiated by any improper delay oil 
 their part in proceeding to execute the stipulations which it contikis; 
 to any such delay they d. lot think it right to expose themselves and 
 their Shareholders. 
 
 1. The Capital of .f 400,000 wHl J)e divided into 1000 Shares, of 
 i? 400 each. -^^ .v 
 
 2. The first instalment of ^20 per Share, to be paid forthwith to 
 the account of the Directors of the Association with their Bankers, 
 Messrs. Smith, Payne, and Smith, and the remaining .f 380 to be 
 paid by such instalments as the Directors shall, from time to time^ 
 see fit to require. 
 
 3. Not less than 21 days' public notice of each call is to be given 
 by the Directors to the Shareholders. 
 
 4. The Directors have the power of increasing the Capital H ii*- 
 oessary ; the Shareholders at the time being are to have the option of 
 subscribing in the proportion of the number of their shares. 
 
 5. The present Directors to remain in office five years from tke 
 date of the 20th of January, 1825, at the expiration of which period 
 three to go out annually, but hiay be re-elected. To have power to 
 nominate one or more of their own body as Managers in chief, it 
 they see fit. 
 
 lO. Tht Court of Directors to have full power and atithoHty W 
 make such allowance, by way of commission, or otherwise, to tfc* 
 agents, as well in regard to t^e past us the future, and generally, to 
 pay and allow such compensation for services as they may deem pro- 
 per, and circumstances may, from time to time, appear to fhelh to 
 require. -ib 
 
 »,* The regulations 6, 7, 8, 9, aiid 11, are the same in subsiah6« 
 to those of the " Anglo-Chilian Mining Association,'* B, 10, 11; 
 12,13,14. 
 
 ( i 
 
64 
 
 UNITED CHILIAN ASSOCIATION^ for 
 
 Mining aiad'btl^i* Pjirpodes i 
 
 ', Caplta)l-t^£500^, iinO^OOO'^lipi W £50 each. 
 
 ,;f^/..^i&i*k»ii..'. . OBAIKBCAM. ''imou i< ■ 
 
 1 -f>^,|(»a ii-jflflie Right Honourable Lord Teynham. 
 
 DIRBOTOniS. 
 
 The Hon. Captain Curzon, R N. | Lemuel Goddard. Esq. 
 - P; Annichini, Esq. 
 
 T. F. Hornblower, Esq. of Truro. 
 John Horlor, Esq. 
 
 C. B. Vaux, Esq. 
 William Imeaon, Esq. 
 Robert Hone, Esq. 
 
 AUDITORS: 
 
 Joseph Young, Esq. Benjanun Davis, Esq. 
 
 iSsrel'iWart'm, Stone. & Stone ; Messrs. Frys & Chapman. 
 
 •OUOITORS. 
 
 Messrs. Fisher and Norcott. 
 
 
 ■n:j ID 
 
 Taps prmciiml objects of this Company are to work Mines in the 
 rich provinces of Coquimbo, as well as those olPetorca, Guaseo, 
 Yapel, a^d 7V<e/, near to Santiago, which are esteemed as rich as 
 any in Chili or Peru ; and their local situations offer advantages su- 
 peprior to most of those for which Companies have hitherto been 
 Cornwd; ,and in order to carry into full operation the intentions of 
 the Directors, agents, in every respect calculated to effect these 
 oWpcts, are ready to be dispatched to Valparito and Coquimbo. 
 And with a view to give the Shareholders in this undertaking an idea 
 of t^iv value of these Mines, the Directors think fit to submit extracts 
 from the works of reputed authors on the subject ; they also think it 
 necessary to state, that the objects could not be so desirably obtained 
 from ai^y wraogem^i^tf into which they might, have had aa oppor- 
 tuiMty of entering in thwppHntry, if they had preferred doing so to 
 adoptkg tjje step of sending out agents, te finaUy concliide them m 
 
 Chili. -l. r't')rn-^-> ;u\ ('<.ih. : • ,' , ^. , 
 
 The Directors also intend to send out, by the vessel which qonveys 
 their agents, a small assortment of British and other manuiactures, 
 suited to tl\e market of Chili, in order to ascertain the value of the 
 tra^e to that extensive county jpyi^us to their entering into more 
 general undertakings. » , . 
 
To carry into efiect the views of the Awocmtion, a depoiit of ^6 
 per Share is to be paid by the respective Subscriberi ; bft the Di- 
 rectors do not intend 4e~«xtend thi* call, or make any fatnre one 
 until a detailed account shaU have been received from their agents' 
 . nor after that period without calling a general meeting of the Share- 
 holders, and si»bmitting such report as they may then have rpceir^d 
 to the meeting, when every Shareholder will be entitled to oifer his 
 Vote. 
 
 Holders of 10 Shares to have 1 Vote. 
 
 20 2 do. 
 
 ou •..••«,,,,,, 3 do. 
 100 and upwards 4 do. 
 
 1000 of the Shares are reserved for future distribution among per- 
 sona resident in ChUi (who may wish to become interested in this 
 concern) or England, as may be found most expedient for the interest 
 of the Company. 
 
 No transfer pf Shares shall be made by a Proprietor, until all in- 
 stabnents then called for shall have been paid up. ' 
 
 A Deed shall be prepared for the regulation of this Company, 
 containing such restrictions, covenants, powers of reference to arbi- 
 tration, forfeiture of Shares, dilsolution of the Company, and other 
 measures, as the. majority of the Directors shall deem eligible ; and 
 such Deed is to be executed by all the Proprietors, within thirty 
 days after public notice in the Gazette, and four public Newspapers, ^ 
 shall be given for that purpose ; and every Shareholder failing to sign 
 such agreement, within the time prescribed, shall forfeit the deposit 
 o( £5 previously paid. 
 
 Lotidon, May, 1825. 
 
UNITED PROVINCES OF CENTRAL 
 AMERICA, forming the Kingdom of Gtia- 
 
 J;.')'/!«'>Vi ?»'«8il nsiK YBOi yifl*. 
 
 ,;««<{«« tiitr. 
 
 eiCAFiTAL-.jei,500,000, in lii,00O Shares of £100 each. 
 
 '* IRmj Antonio Jese de Yrisarri, 
 ^ nativf qf Ouatemala, and late Minister Plenipotmtiarif of Chili to the Courts of 
 
 DIRECnrOBS- 
 
 TUomas Potter Macoucen, Eaq. M.P. Chairman. 
 
 Cliaries poulett Thom^Qn^ Esq. Deputy-ChRirmao. 
 " " """ J, Mitchell, Esq. M.P. 
 
 William Russell, Esq. MP. 
 Sir Alex. Crichton. 
 Charles Franks, Esq. 
 James Brogden, Esq. M.P. 
 Matt'hew Harrison, Esq. 
 
 Thcimas Raikes, Esq. 
 Rowland Stephenson, Esq. 
 George Rongemont, Esq. 
 J. D. Carvaino, Esq. 
 
 jLimiTomf- 
 
 Matthias Attwood, Esq. MP. Churles Alfred Thiselton, E«q. 
 J. B. Loudada, Esq. 
 
 MeMns.Bosahquet'aniS'Co. Messrs. Cockburn and Co. 
 
 kkumrn nr ovatsmaiiA- 
 
 Don Mariano Aycineha. Don Juan Francisco de Irisarri. 
 
 Don Mfinael Jose Ilnbl. 
 
 John Crossland, Esq. 
 
 N. P. Rothery, Esq. 
 
 This Company is formed for the purpose of working Mines in the 
 Provinces of Central America ; and also to carry on the Pearl Fisheryj, 
 or embrace such other objects either T^tiding or Commercial, as may 
 be calculated to advance and promote the Interests of the Share- 
 holders. 
 
 * 
 
 This Company is not yet brought into the Market. 
 
 ^ITN 
 
 ^^ Cap 
 
 John Bid 
 Samuel I 
 John Eas 
 Charles 1 
 James H 
 John HuJ 
 
 Thbi 
 
 Don Li 
 
 ,'1 
 
 ^EMin« 
 the desigi 
 (;he obliga 
 pened tha 
 kieepa M 
 for Propr 
 which the 
 Pf^ete4ad 
 have been 
 t^ctedby 
 The prf 
 and gener 
 and to smi 
 tion of Ei)i 
 the medio 
 Mexico, li 
 
m 
 
 ' '"^^rtiilv^^'^'i^^J" ^i->vf^ma. mUm f.n:->nha ^dlV. .,„> 
 
 UNITED MEXICAN MINING COM- 
 
 ' Capital— £240,000, in 6,000 Shares of £40 each*. 
 
 DIBEOTOa*. 1 
 
 r- -riff; 1 
 
 '! ct I; 
 
 John Lavicount Anderdon, Esq. 
 Frederick J. Pigou, Esq. 
 Jacob Ricardo, Esq. litvt 
 
 Richard Sanderson, Esq. ,,r 
 Rowland Stephenson, Esq, 
 Charles WUder, Esq. 
 
 John Birfdulph, Esq. 
 Samuel Bosauquet, Esq. 
 John Easthope, Esq. 
 Charles David Gordon, Esq. 
 James Heygate, Jun. Esq. 
 John Hullett, Esq. 
 
 Thbmas Borraidale, Esq. Joseph Harris, Esq. 
 
 ---•••"•''''„ „ / PAltKJBH*. 
 
 Mesar?. Bostoquet, Pi^t, Anderdon, and Co. 
 
 John Crosland, Esq. 
 
 I Richard Heathiield, Esq. 
 MBJiio^ir BOAmo or hiaiv AOBmatT. 
 
 • Don Lucas Alaman, President, and two Managers i^pointed hfik^d 
 '»iM jpirectors 
 
 laq 
 
 UiOf i-V 
 
 OJJce, Old Broad StreeL . 
 
 The JMyneg of Mexico and other parts, formerly comprehended undej^ 
 the designation of New Spain, are held as private property, subject to 
 th^ obligation of their being worked ; and as it has frequently hap. 
 pened that the Proprietor, owing to a want of Capital, qould not 
 k|^p a Mine , at work, or work it with effect; it has l;>een ^customary 
 for ProprielQirs and Capitf^liets to 'forip engagements, ii| virtue of 
 which the Capitalist undertakes to work the Mine on terms of e^ 
 pected i^ivantaj^s to both parties. Transactions of tiiis deucript^on 
 have been carried on in New Spain to a great exten> , and are pro- 
 tected by a special code, of laws. 
 
 The present Association is formed for the object above-!)'; r dmed, 
 and generally to raise or purchase Gk>ld and SHver Ores or Metals, 
 and to smelt, reduce, r^iie, and seiparkte the same by the ddrabina- 
 tion ofEyi^an skill and Cap^ital, witt Mexican iriterests, through 
 the mediwM ,i}f Don Lucas AJamai), a. native of and residing |n 
 Mexico, kte ft-H«presentative in the Spanish Cortes for Quanaxaete, 
 
 I ■',■■■'.''. ' . ■ ■ * . ' ■ .■,->' r* t 
 
 * Bt4»«fr*ardB extended i6£l,2iO,mQ, ih 31,000 l^harcs of jf 40 each, 
 
 It 
 i J 
 
 »;h 
 
m 
 
 one of the principal Mining Districts of that country ; but it has not 
 been deemed expedient to entet- into actual contracts for working 
 )!ifines, until an Association should have bee*^ formed, and the extent 
 of its Capital ascertained. 
 
 The devastation and exhaustion consequent on a civil war of 10 
 years' duration, have rendered the aid of European Capital essential 
 to the efficient working of Mines in New Spain, and the expectation 
 of the successful direction of Capital to that object is founded on the 
 following considerations : — 
 
 The known riches of the Mines ; 
 
 The acknowledged want of Capital to procure and smelt the ores ; 
 
 The improving political state and condidon of the country, both 
 internal and external ; 
 
 ^he gradual adoption of such of the European methods of working 
 Mines, and smelting and refining the ores and precious metals, as may 
 be found applicable ; 
 
 And as regards this Association in particular, the local knowledge, 
 practical experience, extensive research, and prudential character of 
 Don Lucas Alaraan, who has long been a Mine Proprietor, has 
 studied the sciences connected with Mining, and has visited most of the 
 European Mines, with a view to extend his practical knowledge. 
 
 The Capital* of .^40,000 sterling, to be divided into 6000 Shares 
 of .f 40 each. The first instalment of £5 per Share to be paid forth- 
 with, into the hands of the Bankers of the Association, to the account 
 of the Directors. 
 
 , The second instalment of £5 per Share, to be paid on signing the 
 Deed of Settlement ; and the remaining sum of .£30 per Share, to be 
 advanced from time to time, as may be required by the Court of Di- 
 rectors. The calls to be made by the Directors, at not less than 21 
 notice. 
 Qualification of a Director, 25 Shares ; of an Auditor, 20 Shares. 
 
 * This Capital has been since <'v i:i.:u.ded to i^l, 240,000, uid the numb«r of 
 
 Shares increased accm^py. 
 
 6,000 Original Shares, al ^''? . 4ch.< • Origiaal Capital,... ^240,000 
 
 18,000 Ad(SI'>. Shares, at c )»>' ««ch, allotted to the holders 
 
 of the above ;,.-.,... 720,000 
 
 1,000 re8ervc4 loir Mexico..... 40,000 
 
 6,000 • foracqik- 'r2 ae«riaterest 240,000 
 
 31,000 Shares. Total amount ok C.i>ital ^f 1,240,000 
 
 The oiiginal Share* of thii Coatpaay were issued at £2 premliua. 
 
69 
 
 The Directora to appoint a Secretary and all other officers and ser. 
 vant« in England. The Directors also to appoint the two Managers 
 to be Members of the Board of Management in Mexico, and such 
 officers and assistants (if any) na they shall deem necessary tq be sent 
 from Europe to Mexico. 
 
 The Mexican Board to appoint all officers and servants in Mexico, 
 excepting as provided by the preceding article. 
 
 At a Meeting of Shareholders, the Proprietor 
 of 10 Shares, to have 1 Vote. 
 
 of 26 2do. 
 
 of 50 .•••...,...,. 3 do. and no more. 
 
 After the first six calendar months, from the execution of tlie Deed 
 of Settlement, Shares not to be deemed a qualification for voting, 
 unless previously held for at least six calendar months. 
 
 The number of Shares to be increased, if deemed necessary or 
 proper by the Directom, and sanctioned by a majority of votes of the 
 Shareholders present, at two successive General Meetings, at an in- 
 terval of one calendar month at the least. 
 
 The holders of original Shares irt proportion thereto, to have the 
 preference of nubscribing for the new Shares, should any be created. 
 
 No Share to be sold or transferred untU the payment of all the pre- 
 vious calls thereon shall have been made. No transfer to be made by 
 a Proprietor, unless the purchased shall have been approved of by the 
 Gov t of Directors. The purchaser to bind himself to the observance 
 of the laws and regulations of the Association. 
 
 One-tenth part of the profits to be reserved, and invested in the 
 public funds, or in other sufficient securities, in the names of the 
 Trustees, to form a reserved fund, as a provision against contin- 
 gencies. This reserve to be continued until its amount be equal to 
 the original Capital of i^0,000, and whenever this fund may be 
 diminished by its application to the above purposes, the resierve of the 
 10 per cent, on the profits to be repeated, so as to maintain a fimd 
 equal to the full amount of the said original Capital. 
 
 Whenever in any year the net profits of the Association shall ex- 
 ceed 10 per cent, on the Capital advanced, the President for the time 
 being of the Board of Management in Mexico, to be entitled to OW" 
 eighth part of such excess in tha^ year; of this one-eighth part one- 
 ^h to.be invested in the public funds, or other public securities of 
 this country, in the names of '^«e Trustees of the Association, as a 
 guarantee for his faithful admu.4airation ; such reserve to be paid or 
 
 ■■il 
 
n 
 
 trUMierrad on fcis retirement from office, or death, to him or his lega| 
 representatives. 
 
 The first dividend to be made as soon as a profit of B per cent, 
 shall have been realized, and subsequently as circumttaaces may 
 admit. 
 
 The contributors to be an Association for the purpose above set 
 forth, and not to act or pretend to act as a Corporate Body, unless 
 authorized by Act of Pft-liament, nor in any other manner contrary 
 to existing Lws. 
 
 •»• The other regulations are similar to those of Mining Com- 
 panies in general. 
 
 OiO«» itli'iUOW ttdhi 
 
 mi "sjOA 
 
 f 
 
 United pacific association. 
 
 -■•I ;(fi ;! 
 
 a/S'.-iijr'ri 
 
 , .. q^li%l-^l,000,000, in 20,000 Shares 9f4^,^J^,^ 
 
 Lord Geo. Seymour. 
 
 Sir W. A. Inp;elby, Bart. M.P 
 
 Colonel H.'C. . ke. 
 
 Hon. H. De Roos 
 
 Emanuel Lousada, E«q. 
 
 '•Alex. C. GranV Esq. M.P. *^ ^^ 
 
 Colonel Sir Ro^rt Arbuthuot, K.C3. ciliqc/j ,; 
 DnUBCTfNM- . _ __^- ,,^^.j 
 
 iVi 
 
 Jdim Kirkland, Esq. 
 
 Hon. John Walpole, M.P. 
 J. B. liousada, Esq. J " 1 »'*' 1<> 
 JohnBowriug, Esq. • > 3«f» 
 Alex- Mac Donald- Esq. • ., , 
 P C. Veal, Esq. "^'f*"! 
 
 AvbKsroAS' >^'i^' 
 
 Henry Karslake, Esq. J' .s.«si-j,! - 
 
 Messrs. Hoare, Bametts and Co. ; Messrs. Farquhar, Halliday, and Co. 
 
 •ouoiTon. 
 
 Geoi^e Gregory, Esq. 
 
 Of the extensive* aAd advantageous conimercc of the Pacific Ocean, 
 only a small portion has been hitherto carried on^ith Briti^ Capital 
 and for firitiiih account. 
 
 An important grant of cultivated and well-peopled lands> with pe^ 
 cuHar privileges, having been purchased by this Association, it has 
 been determined to diteet the attention of the capitalists of Great 
 Brftem to the listablisbment of a GOitopany in Londmi, for the pur* 
 
n ' 
 
 pMe of promoting the trade, and of lixplbriag the riehfls of conntrieff 
 whose weahh has remained hitherto buried, and whose commercial 
 fecultiea are almost wholly undeveloped. It in intended that the 
 central pdnt of operation of this Company ahall be in an Island 
 situated at about an equal distance from the ^eat Continents of Adia 
 and America, most advantageously placed between China, Japan,/ 
 New Holland, and the Republics of Chili, Peru^ Columbia, Guati* 
 mala, and Mexico, within a short distanoe from California and North 
 Western America, lying under the same northern parallel with the 
 richest Mines of Mexico, and corresponding in the southern parallel 
 with the metallic mountains of Peru and the Branls, and c(mteining, 
 according to authenticated reports, considerable veins nf variotis ore. 
 
 This Association has obtained the assurance of the exclusive privi* 
 lege of cutting Sandal-wood, in tlie Sandwich Islands, and of working 
 the valuable Mines they contain. Of the friendly disposition of the 
 islanders they have abundant evidence, independ^ifitly ot the positive 
 engagements of the Company with the Chiefs. t a ita - 1 >q v. .. 
 
 The lands obtained by the Association are already in a state of cul- 
 tivation, producing Cotton of superior quality, and peopled by a 
 laborious and active race. 
 
 There is no doubt, that under the auspices of a British Factory, 
 and the encouragement of British Capital, the cultivation of the most 
 valuable products of the Eastern and Western World may be ad. 
 vantageously introduced. By the returns which have been obtained 
 by this Association, it appears that no less than 0,0 American vessels 
 of from two hundred and sixty to six hundred tons burden, have been 
 engaged in the Sandal-wood trade with China, and the result of their 
 adventures has been pre-eminently beneficial, the supply of which 
 will be henceforward furnished to foreign vessels by this Association. 
 This Company at the same time proposes to carry on the trade be- 
 tween California and the North West Coast of America, which has 
 been found so lucrative by the merchants of the United States, and 
 as it has already engaged for the purpose of superintending their 
 local interests, an individual, whose personal acquaintance with all 
 the subjects to which they have directed their attention, is founded on 
 long experience ; they cannot but anticipate considerable success in 
 availing themselves of all the valuable commercial and mineral re- 
 sources of the North Western World. Hitherto this commerce has 
 been almost wholly in the hands of the Americans smd Russians, and 
 in the attempt to transfer to the British Islands a portion of its ad- 
 
 'j» 
 
 11,1 
 
78 
 
 TkAtagei, Hie Directora of ti . Company Teel assured that (hey atv 
 introducing a national benefit. 
 
 The Pear! and Mother of-Pearl Fiaheries of the Pacific, will aU« 
 engage a portion "f Ihi Capital of the Company. Of the population 
 attached lo the property above referred to, a large proportion are ex- 
 perienced divera, accuatomed to the Pearl Fishery ; with these ad- 
 vantages, and the application of scientific discovery to this important 
 object, the Directors anticipate great benefit from this source. 
 
 A large proportion of the sum to arise from the first deposit, will be 
 immediately invested in a mercantile expedition. Scientific persona 
 will also accompany it, for the purpose of exploring the mineral 
 properties of the isknds, and turning to the best advantage the rights 
 ijjnady vested in the Company. 
 
 *•* We deem it unnecessary to insert the regulations, as the ob- 
 ject* of the Company were lately abandoned, and the full deposit of 
 £B per Share returned to the Shareholders. 
 
 >!! 
 
 ftfl- 
 
ire 
 
 73 
 
 on 
 tx- 
 
 id- 
 int 
 
 be 
 
 IPH 
 
 rd 
 bta 
 
 of 
 
 
 GENERAL OBSERVATIONS 
 
 ON TMB 
 
 PROGRESS MADE BY THE COMPANIES FORMED FOR WORK. 
 
 ING FOREIGN MINES. 
 
 Having inserted the Prospectuses of the various Com- 
 panies, detailing their specific objects and prospects 
 of success, we now proceed to furnish general infor- 
 mation of their progress. 
 
 ANGLO CHILI. 
 
 Thk Mines of Chili, according to the best authors, ha .^ been vcrv 
 productive, although but partially worked in some of the districts 
 and chiefly consist of Gold, Silver, and Copper; the ktter being the' 
 most considerable and deemed of the most importance. The n^trix 
 or lode of these Mmes is generally quartz, auriferous Iron pyrites 
 nahve Silver, calcareous Spar, Galena, Malachite, and bfeck Copper 
 red SUver Munat of Copper, and red Copper Ore, with other MeSc 
 substances The chief Silver Mines are those of the provinces of 
 Santiago Aconcagua, Coquimbo and Copiapo, ana one of the mo.t 
 
 ,'d!„'?fi4 i . ?f '"::' " the province of Aconcagua,discover. 
 ed n 1638, and which has been worked to considerable advantr^ 
 Gold Mines are also to be found in various districts,' particulariyTn 
 Copiapo, Guaaco, and Coquimbo : the Copper Mines in the latter Pro- 
 vmces are considered very valua^Je, end are about being worked by 
 one of the Companies lately formed. 
 
 Of the progress of this Company we have received various ac- 
 counts but fading in our object to obtain such information as would 
 venfy these statements, we have deemed it right to withhold them, con- 
 finmg ouraelves in aU instances to furnishing such information only, 
 for the authenticity of which we can vouch. Our remarks on the pro- 
 
 4. 
 
 ' 4 
 
 •n^l 
 
n 
 
 gresd of thin Company will, therefore, be confined to the fact of a 
 party of Minerii, AsnayetH, &c. having gone out with full iiiHtructioni 
 to carry into effect the object* -of the Company, as expreafwd m their 
 Prospectus. We are also ffiven to underotand that several Miner* 
 from Germany (engaged by Mr.Caldcleugh for iim Association) have 
 joined this party, and that advices of a gratifying nature to the Share- 
 holders may be expected iu the early part of October. 
 
 * • 
 
 ^ We think it right to state, a Shareholder requiring informa- 
 tion relative to the progress of the Company, must send in a formal 
 application to the Board of Directors, with whom it rents as to tli0 
 propriety of fomisWng the information required. Tliis may Ije politic', 
 but we question its being satisfactory to the body of iSbarehoIders, 
 presuming they have a right at all tunes to enquire into tlie progress 
 of ihe Company in which they have embarked their Capital. 
 
 AN6t() MEXICAN. 
 
 The Contracts taken over by this Association, greatly exceed those 
 enumerated in the Prospectus, comprising all the Mines of iniportance 
 at Ouanaxuato (except Rayas) and, in addition, certain Mines at 
 Catorce, Real del Monte, and the Real del Doctor. In the latter dis- 
 trict, howeter, the contracts are conditional, that is, a small sum has 
 been paid to give the Association the option during the year/ cifwQrk- 
 ing the Mines or not. i ^ 
 
 Of tiiese different engagements, by far the most remarkable is that 
 for Valeneiana, a Mine which is, we underiatand, the largest in ^e 
 wot4d, and never failed during the half cehtury it has been \yoi^ted, to 
 afford an annual profit, except itt the year when the machinery was 
 destroyed by the revolutionary insurgents. This calamity, and the 
 political disorders of the conntry generally> impoverished the owners 
 of the Mine, and put it wholly out of their power to raise and throw 
 out the water which had in the internal spread over its vast interior. 
 Hiat task remains to be accomplished by the English contraptors. It 
 is kboriom and expensive, but had such not been the case, no !(<ng. 
 lishman would have been adnutt^d a pattner in a Mine which has been 
 the sonrce of such fortaaes to the Mexicans. > , , , 
 
 !,,....■! ilyiirr UK-} -^n ihl:' • !')tt«'»H'?U'5 •'irt' tot 
 
♦ , * 
 
 A ateam «ngiii« of 40.honie power wonM reduc«i (he watpr at the 
 rate of 4 or 6 yard, a week, but it remaiiii to be aacertairiea whethw 
 fuel could be tappHed from the neighbourhood at a rea«onahIe rate. 
 Coal has not yet been found, and during the waitoii of donbt ai to thin 
 or other fuel, the work of draining proceeds by nialacatea, which raise 
 and throw out the water in botaa or great katbem bags, at the rate of 
 , 1600 tons in 24 houra. ii> Joll, 
 
 Ores are reduced, or as it is termed refined, by two processes, 
 amalgamation and saielting. Amalgamation oo the Mexicair pliin, is 
 a very slow process, but arran««nients are now making at Ou«nax»ato 
 for trying the more expeditioua mode practised in Saxony ; also for 
 applying the English plan of •meltiug to auch or«a as ar« adapted 
 to it. 
 
 The aspect of the country at Xkiaiiaxuato is picturesque, and the 
 climate healthy. In point of comfort as a residence, reports are less 
 favourable, but the number of English now collected will naturally 
 tend to lessen the i^Hvatlons under which residents have hitherto 
 laboured. 
 
 Of the other Mines at Ouiinaxuato, engaged for this Association, se- 
 veral, such as Sirena, Tepeyac, and Mellado, are of great extent, but'tf 
 seems unnecessary to make on them more than a few general remarks: 
 it appears that the working has been suspended by the increase of 
 water, that in all, the springs are few, and the water, when once drawn 
 out, will easily be kept under ; while, as to the ores, the general 
 characteristic at, Guanaxuato, as in the rest of the I^e^can Mining 
 districts, is not richness of qaality but abundance of quantity. 
 
 The large supply of silver in this district led many years ago to the 
 establishment of a Mint at Guanaxuato, gf which the average coinage,, 
 previous to the revolutionary troubles, was four or five millions 6? 
 dollars, a sum which will be soon ggualled, perhaps surpassed, by the 
 increased productiveness of the Mines. Of this Mint, a late contract 
 transfers the management to the Anglo Mexican Aasooiadon ; the Go- 
 vernment merely reserving to itself the right of ascertaining that the 
 coin ia of the proper standard. j, . 
 
 Catoro«, the oUier districfc in which this Association hastakm con- 
 tracts, is consideraUy to the northward, and less known to Europeans 
 than Guanaxuato. Its position is piore elevated, and the air colder. 
 In amount of minerd produce it ranka seoond in Baron Humboldt'a 
 list of tlie Mining districts of Mexico, and will have th^ advantc^e of 
 
7^ 
 
 a tt&Ay communication with the sea, after the navigation of the Sant- 
 ander shall be better undesrstood. 
 
 We presume the foregoing statement will convey the general 
 character of the Mines in the possession of this Association, and also 
 the progress made, which is, we understand, equal to expectation; 
 they have already raised a quantity of ore, some of which, previous to 
 the hit advices, had been sent to the Mint of Mexico. 
 
 •^*' We understand that Mr. WilUamson, who some time siaca 
 nnd*rtook the working of the King of Persia's Mines, but was obliged 
 to leave the country from the treatment he received there, is con- 
 cerned in the direction of the Company's Mines. 
 
 ANGLO-PERUVIAN. 
 
 Tms Company was reUnquished, upon the Directors ascertaining the 
 impracticability of carrying their projects into execution with ad- 
 vantage to the Shareholders. The deposit of £5 per Share returned 
 in full. 
 
 BRAZILIAN COMPANY. 
 
 This Company, whose Prospectus we have inserted, is not yet 
 brought out, and which precludes us from making any remarks. 
 
 IMPERIAL BRAZILIAN. 
 
 This Company, which dates its formation from December 1824, has 
 wnce that period been actively employed in pursuance of the inten- 
 tions expreswd in their Prospectus. With a view of carrying those 
 intentions into operation, a party of miners, engineers, &c. with 
 superintendents, in aU 35 individuals, left England in the Lbslry 
 Ogblby, about February laat, taking with them mining tools, ma- 
 

 chinery, &c. a.id of whose arrival at Rio Janeiro, in tlie month of 
 April, advices have been received ; as also of their having proceeded 
 onwards to Villa Rica, accompanied by the Company's Agents at 
 Rio. In furtherance of the objects of this Company, Mr. Ed, Oxen- 
 ford, one of the Directors, left England, accompanied by an Assay 
 Master, cf whose arrival at Rio, advices have also been received, and 
 from M'hom information respecting the progress of the party pre- 
 viously sent ou'. may be shortly expected. 
 
 We have been favoured vwth the perusal of an extract of a letter, 
 received from an individual, dated Rio de Janeiro, June last, in which 
 he states that the miners of this Company had already made iiome 
 valuable discoveries, and that the Mines are most favourably situated, 
 being surrounded by fertile countries, abounding in wood and water. 
 
 In addition to the above information, it appears from the contents 
 of despatches received, 26th instant, that Mr. E. Oxenford, (of 
 whose arrival at Rio Janeiro advices had been previously received) 
 has, since his arrival, " actually obtained the right of pre-emption 
 of a very valuable mining district, which had received the Em- 
 peror's sanction." These Mines will be inspected by the Assay 
 Master and Mining Captain, r id should their report be of a 
 favourable nature, the contract will be ratified, it being subject to 
 the same. The despatches also furnish information of the arrival of 
 the Superintendents, Officers, and Miners, at Viro Preto (or Villa 
 Rica) the capital uf Mmas Geraes, and were fully employed in ex- 
 ploring and examining those Mines for which contracts had been 
 tendered to the Associatir>n. 
 
 London, Sept.2T, 18S5. 
 
 BOLIVAR. 
 
 This Company, the objects of which and their general prospects of 
 success, are detailed in the Prospectus inserted, have, since the period 
 of its formation, been actively engaged in pursuance of the objects 
 therein expressed; to effect these, a party of Miners, &c. witli mining 
 tools and every requisite for working the Mines, was sent over with a 
 Superintendent, and instructions to proceed in working the Mines, late 
 >n the possession of General Bolivar, but which by a special grant 
 made in favour of Capt. Cochrane, R.N. are now in the possession of 
 
 
7S 
 
 this Company. We ate credibly informed that a oonsidefaWe 
 quantity of copper is on its way to England from tWs Company's 
 Mines,' and which is expected to arrive daUy, a small parcel 
 having.already been received. A report hto been, and we believe is 
 now laying at the Company's office, for the inspection of the Share- 
 holders, which is of a most favourable nature as regards tlie pros- 
 pects of the Company. We regret tiiat in this instance, as in some 
 others, we cannot furnish more general information, arising from 
 causes over which we have no control. 
 
 Since writing the above we have been informed the Company have 
 received advices from their Agents at La Gerayra, which are of a 
 very favourable nature. ,%he contents have not yet been made public. 
 
 SOthSept. 1825. ! ' '' 
 
 BOLANOS. 
 
 Tins Company emanated from the Real del 'Monte Mihiii^ Alisbcmi- 
 tion. Its object is tlie working of the Mines of Bolafios, in the pro- 
 vince of Guadalaxara, in Mexico ; the value of which, judging from the 
 riches it has already yielded and with which it is known to abound, 
 must be very considerable. Possessing the same management and di- 
 rection as that of the Real del Monte Company, no doubt can exist 
 fits to every measure being taken to ensure success, and to render the 
 adventure of an advantageous nature to the Shareholders. 
 
 Of its progress we have little to add further than a contract has 
 been entered into for working the Mines, and upon receipt of the 
 same in England, a call of .e2Cr per Share will be made upon the 
 Shareholders, to enable the Directors to use such means as may be 
 necessary for carrying into'execi^tion the projects of the Company. 
 
 oon^q 
 
 CHILIAN. 
 
 ■usl. 
 
 Tftfs^do^pahy is formed for the purpose of working the Mines in 
 Chili, which are known to be very e^tc^ivfi f"*d to contain golf|i 
 silv;ir, copper, iron, lead, and tin. , > n;!''*! i. 
 
79 
 
 It has made as much progress ma tlie late formatir - of the Com- 
 pany would warrant, and having sent out a considerable party of 
 mmers, &c. with mining tools, and the various necessaries and stores, 
 are in expectation of shortly receiving favourable reports of the pro- 
 gress made ; in the mean time declining to furnish further informa- 
 tion, which account* for the Conciseness of the preceding remarks. ■: 
 
 CHILIAN AND PERUVIAN. 
 
 The riches with which South America is known to abound, is a sub- 
 ject fully treated upon by the various authors on that country, and 
 for smne months has been a source of pecuHar interest, in consequence 
 of the various Companies formed for working the Mines in that part 
 of the world. Chili and Peru arc acknowledged to possess vast 
 riches embedded in their mountainous districts, and to be worthy the 
 attention of individuals, who, with capital, possess also a spirit of 
 enterprise. 
 
 The favourable results likely to accrue from operations of the na- 
 ture for which this Company and others are formed, may be judged 
 from the feet of the two countries, particularly the latter, having 
 yielded vast riches to those individuals who have previously worked 
 the Mines, and who did not possess those advantages which it is pre- 
 sumed a Company formed at this time is likely to enjoy. 
 
 To carry into effect the intentions of this Company, which was 
 formed for working Mines in Chili and Peru, the Directors sent out, 
 per tho AtaiOA, which sailed from Falmouth for Valpairaiso in the 
 early part of July last, a party of 40 Welch and Cornish miners, 
 engineers, &c. who were accompanied by J. M. Bagnold, Esq. as 
 Coramissioher ; Robert Ewer, Esq. as Secretary ; Jas. Gilbert and G. 
 M. Lewis, Esqrs. as Chief Engineers ; vnth Dr. Ryan and suite,^ and 
 t4king with them mining too's, stores, and every requisite for the in- 
 tended operations of die Company. , ' 
 
 Advif-es have been received from the Chief Commissioner, pre- 
 viously sent out, of arrangements about being made, bdth in ChBi 
 and Peru, with every prospect of success, and which must prove very 
 advautageottfl to the Company. Of the progress of this Company we 
 have nothing more to add^ although from private accounts we have 
 reason to believe their operations are of a very favourable natore. 
 
 
 4 
 
 Xi'ir 
 
 !!'f 
 
80 
 
 COLOMBIAN. 
 
 The Directors of this Company held their first Meeting in November 
 kwt. At that period they acquired, on very advantageous terms, 
 the leases of the rich Silver Mines of La Manti, Santa Ana, San 
 Juan, and El Cristo de Lajas, situate in the Districts of Mariquita, 
 in Colombia. Previous to the formation of the Association, a small 
 party of practical and scientific men had been sent from this country 
 to examine into and report upon the prospect of those Mines. Ad- 
 vices have since been received of their arrival at the said Mines, and 
 of their having attempted to accomplish the objects of their mission, 
 with every prospect of a favourable result, more especially with 
 respect to the Mines of La Manta and Santa Ana ; but their opera- 
 tions have hitherto been unexpectedly retarded by the ground being 
 runned together in the different levels. This circumstance alone 
 had prevented thejn, at the date of the last advices, from penetrating 
 into the old workl\gs, and consequently from ascertaining the actual 
 state in which they had been abandoned 
 
 Since the establishment of the Association its agents in Colombia 
 have been actively engaged in negociating with the Columbian Go- 
 vernment and writh the private Proprietors of Mines in that country, 
 in order to obtain advantageous contracts of all the principal Mines 
 of Gold, Silver, and Copper, which at any period have been advan- 
 tageously worked in the Republic of Colombia, and it is already 
 ascertained that they have in several instances successfully brought 
 their negociations to a close. 
 
 With the view of effectually working the Mariquita Mmes, and 
 for the purpose of commencing operations at those which have been 
 subsequently obtained, a large party, consisting of Miners, Me- 
 cfaftnics. Engineers, and Mine Agents, were dispatched from Corn- 
 wall in April last. In the same month an adequate supply of Tools, 
 Mine Materials, and Machinery, were shipped at Falmouth tor the 
 same destination. Advices have been received of Ae arrival of tlus 
 said party vriih their tools, &c. at Cartagena, and of their departure 
 Ihenee for lUe Mines in the interior. 
 
 Since writing the foregoing remarks wc have received farther state- 
 ments of tlie progress of this Company, which we consider of a na- 
 ture too bnportsnt to withiiold. 
 
 
 Prom 
 sent out 
 Manta, ii 
 which a 1 
 surface ; 
 one foot. 
 
 » 
 
 Ores o 
 being atti 
 
 Accorc 
 found, wli 
 g od antli 
 Miners yi 
 
 The in< 
 fathom, 
 with the I 
 the operal 
 mensions 
 him. W 
 fact, that 
 tions of t 
 congratuli 
 jndging fn 
 
 We ha> 
 
 Serior Josi 
 which we 
 moir is dal 
 mation of 
 therefore, 
 founded oi 
 -,. i.r Dor 
 rn*:at in th 
 provinces 
 Mines, as i 
 at this tim 
 Mining A 
 which are i 
 **» Tl 
 Governmei 
 
11 
 
 
 81 
 
 From advices lately received it appears that the party previously 
 sent out by this Company hati succeeded in opening the Mine, La 
 Manta, in which they had discovered two veins, in the direction of 
 which a level had been driven, at the depth of 60 fathoms below tlie 
 surface ; the one being between 3 and 4 feet wide, and the otlwsr about 
 one foot. They produced on an average 2| gns. Silver per oz. 
 
 Ores of this produce are worth £60 steriing for every ton of ore 
 
 being at»the rate of ^ lb. Silver for every 901b. ore. 
 
 According to the latest advices a rich filament of Silver had been 
 found, which they were then blasting, to see if it continued, from 
 g od autliority it ia stated this part is not the richest, nor have the 
 Miners yet seen the lowest levels of the Mines. 
 
 The inclination or under lay of the v^dn, is 3 feet 9 inche>^ in the 
 fathom. By comparing tlie information conveyed by these advices 
 with the Memorial of Lucena, which we subjoin, it will be seen that 
 the operations of the Company hitherto confirm his statements, the di- 
 mensions of the vems already found being the same as represented by 
 him. We are informed, and have every reason to believe it to be a 
 fact, that SeTior Lucena is furnishing information to guide the opera- 
 tions of the Miners of this Company : should this be true, we may 
 congratulate the Association on the acquisition it has made, and 
 judging from the past, doubt not its ultimate siiccess. 
 
 We have been favored with the perusal of a memoir presented by 
 Senor Jose Ignacio Lucena to the Columbian Government, from 
 which we have abstracted much mteresting information. This Me- 
 moir is dated Honda, 23d June, 1823, a period previous to the for- 
 mation of Companies for working Mines in South America, and 
 therefore, perhaps, entitled to a greater degree of cr<>dit: it is 
 founded on the practical experience of ^he Memorialist, who serv«d 
 , i:;r Don Juan Jose D'Elhuyar, appointed by the Spanish Govem- 
 ui-^M in the year 178i>, to superintend the working the Mines in the 
 provinces of Maraquita. We shall give a brief history of these 
 Mines, as collected from his Memoir, being of more peculiar interest 
 at this time, as forming tiie acen<? of operation of the Columbian 
 Mining Association, they being in actual possession of the Mines 
 v'hich are therein particularly desctibei'., 
 
 * ^* Tlie original Memorial is in the possession of the Columbian 
 Government. 
 
9t 
 
 The Mines of Silver in the provintio of Maraquita, which were a 
 aource of vast richca in the 16tb century, were abandoned m the 
 commencement of the 17th century, on account of Uie decree ob- 
 ,^.d by the I.di6e.»es under the Royal Seal, protectmg those by 
 who«e kbour the Mines were worked, from being taken from the.r 
 different villages against their own inclination. The Mu.es bemg 
 thus abandoned, years rolled away without attention being called to 
 th.ir tbrmer state, and but for the representations of a few persons 
 the recoUection of their past riches, might even now have been buried 
 in oblivion. In consequence of these representations, m whxch Senor 
 Mutin, the Viceroy Gongora, and the Minister of the Indies, Galve^, 
 took part ; the Spanish Government appointed Don Juan Jose 
 D'Elhuyar, to establish 8..elting furnaces, and to instruct the natives 
 in the art of amalgamation, but not finding Mines in actual opera- 
 tion, nor metals with which to teaeh the art, he proposed exammmg 
 four of the Mines of Maraquita, on account of the Royal Treasury : 
 this was approved by the C6«r<:, and the Mim,s of Sm» Juan, E 
 Cristo, La Manta. and Santa Ana, the twoiirst m La.as, and the last 
 in Santa Ana, two parishes adjoining Maraquita, were named Ihe 
 works of these four Mines were opened in 1785, Government having 
 altetted 18,000 dollars yearly for their costs; a sum inadeqv.. e 
 when compared with the extent of the undertaking, the expences qf 
 administration alone absorbing one-tldrd ; fortius reasonjt was ne- 
 cessary to reduce the examinaUon to the two mines La Manta and 
 Santa Ana, some expence havi^ig been incurred in bringing the two 
 others in a forward state. Upon the Viceroy Gongora leaving the 
 command of the kingdom, he was succeeded by Lemur and Espeleta 
 the former favoura '. to the project, but who shortly afterwards left 
 the neighbourhood, upon his accession to the Vice-Royalty of Luna. 
 Fro-n this period the Government began to shew a want of confi- 
 dence, requiring securities, &c. The Director wishing to convince 
 the Government, made a public demonstration in the capital, of the 
 result of the operation, but beip- pushed to produce something, was 
 compelled to undertake the construction of Mills and Machinery, 
 therebv expending the greater part of the aUowance, and leaving but 
 UtUe to employ in mining. The Mines not being in proper order to 
 yield ores, the Director was obliged to take them from the ancient 
 works, and to suspend for a long time the important works of the 
 interior of the Mint ; the consequence was, time was wasted, and on 
 the death of the minister Galvea, the ardour of the project declined. 
 
 and Esp 
 
 of these 
 
 nbandonc 
 
 most fla 
 
 finished, 
 
 laborator 
 
 in (he the 
 
 tory, a hi 
 
 and hous 
 
 po.«)ses8ed 
 
 appeared 
 
 attend enl 
 
 working 
 
 forabandc 
 
 third, not 
 
 vast and 
 
 proportion 
 
 been expei 
 
 part of thn 
 
 cording to 
 
 j!;ivc inforti 
 
 liiousand c 
 
 Se?5or 1) 
 
 in a short I 
 
 fnlfilled his 
 
 how to esti 
 
 We shall ( 
 
 tween the j 
 
 niation will 
 
 of Santa A 
 
 quarter thic 
 
 main vein I 
 
 many vorki 
 
 tion a set 
 
 tradition th 
 
 St. Thomas. 
 
 the water h 
 
 higher part 
 
 miners met 
 
 even gold in 
 
of th «e M,noa .„ 1795. At the time of the«e M.nes being th«s 
 
 no"; Itt' ' *'"' " "'"'• *''°"^'^> -^ I--"^ th« 
 
 mo t flattenng expectations, its dead works were completely 
 
 ftmshed, cons.st.ng of the various buildings, machines/milk! 
 laboratory two complete forges, carpenter's shop, two large hon«e« 
 ... the then mhab.ted village, for directing the Mine, and for a Pac^ 
 tory, a house of residence in each Mine, magazines of minerals," 
 and houses for prepanng ores for calcination. The establishment 
 possessed an abundant stock of iron tools of every species. Nothing 
 appeared requisite for its further perfection; it was now the time to 
 attcul enfrely to mining, the veins having been laid open, and the 
 working of them commenced. It was supposed, ^1 a pretext 
 lorabandomng the project, that tl.e cost exceeded the profits by one- 
 third, not taking into coi.sideration the nature of an enterprise so 
 vast and complicated, pretending to report progress in a period 
 proportionnbly short for this intent; and when so little money had 
 been expended in working the veins, which is the most productive 
 part of th. labour. Yet with all these drawbacks, it appeared, ac- 
 cording to recollection, and on which the treasury of the mint can 
 give mformation, that they had produced one hundred and thirty odd 
 liiousand ounces of silver 
 
 Senor D'Elhuyar siaw ,-hh grief the r.iin ol^his establishment, and 
 in a short t.me died, carrying to his grave the regret of not having 
 fulfilled his mission, and the respect and esteem of friends who knew 
 how to estimate a man of his liberal principles and scientific mind 
 We shall co.,clude these remarks by stating the progress made be 
 tween the years 1785 and 1799, as briefly as the nature of the infor- 
 mation will admit. The Mine of La Manta, sitn te near the village 
 of Santa Ana. has two veins, the principal one being a yard and a 
 quarter thick, and the second one foot ; the latter is higlier than the 
 main vein by o.K-half or three-fourths of a yard. This Mine \m 
 many vorks laid dry by the adit. In the latter years of its explora- 
 tion a set of Low Levels were opened, of which there was a 
 tradition that they were very rich,~they were called the Levels of 
 St. Thomas. It was necessary to drain them by hand, baling out 
 the water by calibashes ; they were formed by working from the 
 higher part of the veins downwards on their inclination. The old 
 miners met with a most abundant supply of metals in this place, and 
 even gold in small lumps, embedded in the minerals, and who were at 
 
 ifi 
 
 • ! • 
 
 t. 
 
 I 
 
84 
 
 ' !:r '. j::;. tiToa a ::X "< ".>"^"-. -^'^ .hu «»a o, ,„u 
 
 r* lllh tl.cm 'n>c.e work. m.y be made good by opening . 
 TeldtX wX^ctcd by Senor D'Elhnya. ».uch wiU give .m- 
 "ornc o thuUt of tko »-.rk», by opening a eonu..n„,c.Uon 
 Cen tL »nd'he »h»ft, which wiH enibmee . great extent of the 
 
 ''^iriroft:::::!.. n„o.her„ftho. explored. i.d,,U„th..f 
 an Loir, walk from the above village. It- vein», wh>eh are v.r,ou., 
 rav!".oft"r matrix than those of La Manta; it ha. many dry work 
 
 rte il^e adit and the ahaft 1. well pUced. It haa been worked 
 above the "d't, ana ^^^^^ .^ ^^^ ,„„ 
 
 r„r.:t;: S^^ ran. «»* SlWer. iron Pyrltea Blende. 
 !ld Sorche The firat ia the moat rich ; being mixed and ^aayed 
 ..nd Soroche i SeSor D'EMmyar .aid. he had met 
 
 it will y.eld hfly per cent ,„niciently rich ; it 
 
 ,i2! tirrmonaUtself as a« object af general interest, suffi.eut to 
 justify the extent to vrhich we haw gone. 
 
 CASTELLO. 
 
 Thk Mineral riches of the Castello Mountains are well known, num- 
 I"! of adventurers having amassed great wealth by c andcaUnely 
 ^hing the sands and pebbles found at the botton. of the water- 
 Zrl where the particles of gold have gravitated when torn from 
 the parent Mine by the impetuosity of the torrents. 
 
 'Fhe Ptovmce of Espirito Santo extends upwards of 150 miles 
 from North to South between the Rivers Capapuana and R.o Doce, 
 tfonLr being its Senthern and the latter its Northern hm.t It« 
 * dth fronv East to West is estimated at 100 miles ; .t •« bounded o„ 
 2 North by the Province of Porto Seguu., on the West by that of 
 ^I Ger Ja, on the South by Rio de Janeiro, and on the East by 
 the Atkntic Ocean. It i. immediately contiguous to tiie gold dis- 
 trict of Villa Rica. 
 
 The dir 
 which falli 
 From tlie 
 mountains 
 of the strei 
 Mountain' 
 the total d 
 leagues. 
 
 The So 
 tended to 
 Gcraes, ai 
 never opei 
 Rio Doccj 
 in the cen 
 distance ft 
 
 We ha 
 Mines, as 
 to the rive 
 have extra 
 generally 
 
 The for 
 for workin 
 to obtain 
 vessel is i 
 Engineers 
 Santo, fo 
 udvantagei 
 
 This Com 
 Mines, wi 
 into gener 
 to observe 
 which sail 
 between 4 
 &c. with I 
 into oper! 
 
86 
 
 The direct ncccHS f o the Castcllo Ridge is by the River Ifnpemeriit, 
 which falls into the Ocean about 8 leagues to the SoiuN of Victoria. 
 From the mouth of (his river to a parallel line with ^'le range of 
 mountains, the distance is about 12 or 13 leagues, when the course 
 of the stream diverges to the South. From this landing-place to the 
 Mountain's base, the distance by land is 6 leagues, making at most 
 the total distance of the Mining District from the sea only about 18 
 leagues. 
 
 The Southern point of the Castello Mountains is near the road in- 
 tended to lead from Rio Janeiro to Ouro Preto, the Capital of Minas 
 Geracs, and traced some years ago by order of the Government, but 
 never opened. The Northern extreme is about 6 leagues from the 
 llio Doce, so that this valuable range of territory is situated nearly 
 in the centre of two navigable rivers, with only a short intervening 
 distance from each. 
 
 We have been thus particular in describing the situation of these 
 Mines, as affording peculmr facilities of access from their contiguity 
 to the rivers above named, and which we deem it right to state we 
 have extracted fmm a Pamphlet, entitled " Brazilian Independence,'*' 
 generally understood to be written by Mr. Walton. 
 
 The formation of this Company, in pursuance of a Grant obtained 
 for working these Mines, is of so late a i)eriod that we have been able 
 to obtain but little information as to its progress, farther than that a 
 vessel is now fitting out for the purpose of conveying the Miners, 
 Engineers, Sec, to Rio Janeiro, whence they will proceed to Espirito 
 8antu, for the purpose of working such Mines as may ofTet 
 advantages to the Company. 
 
 FAMATINA. 
 
 K 
 
 This Company has been formed for working the celebrated Famatina 
 Mines, with very advantageous prospects. The Prospectus enters 
 into general detail < n this subject, and renders it only necessary for us 
 to observe that the C/ompauy have seni out by the Marquis of Anglesea, 
 which sailed on the 13th of this month from Falmouth, a party of 
 between 40 antl 50 individuals, comprising Miners, Assayers, Smelters, 
 &c. with Mining Tools, Stores, and every necessary for the carrying 
 into operation tha intentions of the Company. As may naturally. 
 
 I 
 
86 
 
 b« supposed, we caii add uuUiiiig further on the flubjevl ol" thiH Coui- 
 paiiy. We have received various Htwtemeiit!*, which, for rcasoiiH be« 
 fore given, we decline inserttng. 
 
 FRANCO MEXICAN. 
 
 In confomiity with our orifpnal intention of pnbliBhing ull the Pro. 
 spectuses, we liuv« ioHertcd tlio Pros^wctHs faf this ('ompnny, although 
 abandoned, but which iM of importance, the project having given rise 
 to the formation of the United Mexican Mining Asouciution, of the 
 progress of which we shall give a detailed statement. 
 
 Sepl.iS, 18S5. 
 
 GENERAL SOUTH AMERICAN. 
 
 The prospectus of this Company, which with others we have in- 
 serted, enters but little into detail of the specific objects of the 
 Association, or the advantages to be derived from Mining operatiori.s 
 in the Provinces of South America. The Company, at the period of 
 its formation, not being in possession of Mines, we may presume 
 deemed it unnecessary to enter into any detail, us related to the 
 advantages arising from the situation of Mines in any particular dis- 
 trict, or their peculiar claims to public attention. Having obtained 
 information of their progress, and the scene of their intended oper- 
 ations, we have therefore thought fit to insert such general remarks 
 as we have extracted from work* lately published; referring to the 
 reasonable expectations of this Company, and which will be equally 
 applicable to the various Companies formed for the purpose of work- 
 ing Mines in the Brazils. 
 
 Minas Geraes, it is acknowledged by all authors, abounds iu 
 riches, and the great quantity of gold, precious stones, iron, &c. 
 produced in that country, is a fact as generally known as it has been 
 largely treated upon. According to Mawe, " In the year 1713, 
 when I) . Bras da Silva was appointed Governor, the quantity of 
 gold produced was so considerable, that the Royal fifth amounted to 
 above half a million Steriing annually ; and between the years 1730 
 and 1750, when the Mines might be considered in the height of their 
 
 prosperity, the King's 
 amounted to at least n mil 
 remit rks by making two 
 work of gcnerul and imp 
 gold work, called Carrap 
 mated ut the value of XII 
 river 8 feet deep, which 1 
 In removing this heap fro 
 months^ an<1 to wash it wi 
 the expent-u of both opera 
 
 This fact alone will ten( 
 the introduction of machii 
 
 Mawe also observes, 
 village called Corvos (sit' 
 of which produced, about 
 only four negroes were ei 
 of the vilUige of Catas Alt 
 to no particular spot, as l 
 the tops and sides of the 1 
 spots rich in gold, which 
 progress of the Com()anj 
 Directors of this Associni 
 understand they are in p«i 
 Emperor of the Brazils^ 
 Minas Geraes. A Sub-B 
 de Janeiro, and an Ageni 
 arrived there for the purp« 
 such Mines as appear, i 
 reasonable expectation of 
 
 A negociation has also 
 of the most valuable gold : 
 by this time been secured 
 
 We also understand tli 
 grant of the Mines in No^ 
 Government, which it ie 
 the Association, provided 
 ploring the country, witi 
 proves as satisfactory as t 
 
 * CaBcalho » a Htratuin of 
 fur the most part found. 
 
T 
 
 prosperity, the Kin^'i fifth, iliirinfi; hoiiic yonrn, in n(ud to have 
 amounted to at least a million Sterling annually." VV«tball oloHe our 
 reniitiks by making two »hort extractn from Mawe'rt publication (a 
 work of gcnerul ami important information.) lie observcci, " At a 
 gold work, called Carrapato, I was Hhewn a heap of co.scallio*^ esti- 
 mated ut the value of XIO.OOO, which was taken from a part of the 
 river 8 feet deep, which formed an eddy under a projecting point. 
 In removinu' this heap from its bed, it occupied 400 negroes for 3 
 monthsj aixl to wash it would occupy 100 men for 3 montlis more, 
 tlie expencu of both operations amounting to perhaps £1500." 
 
 This fact alone will tend to prove the advantages to be derived from , 
 the introduction of machinery in the working of Mines. 
 
 Mawe also observes, ** That there are some gold washings at a 
 village called Corvos (situate between Villa Rica and Tejuico) one 
 of which produced, about the year 1808, a net profit of £800, though 
 only four negroes were employed a month upon it ; and in speaking 
 of the village of Catau Altas, be remarks, gold washing was confined 
 to no particular spot, as he observed operations of tlie kind v , en on 
 the tops and sides of the hills, and in the valleys there were many 
 spots rich in gold, which had not yet been worked." As refers to the 
 progress of the Corn()aay, among other valuable objects which the 
 Directors of this Association are in daily expectation of realiziiig, we 
 understand they are in possession of a grant from his Majesty the 
 Emperor of the Brazils, relative to the Mines in the province of 
 Minns Geraes. A Sub-Board of Directors has been formed at Rio 
 de Janeiro, and an Agent, with a party of Miners, has before this 
 arrived there for the purpose of exploring the country, and engaging 
 such Mines as appear, after the most diligent enquiry, to afford a 
 reasonable expectation of yielding a fair return. 
 
 A negociatlon has also been entered into for the attainment of one 
 of the most valuable gold mines in the Brazils, and which has probably 
 by this time been secured to this Association. , 
 
 We also understand that the Association has recently obtained a 
 grant of the Mines in Nova Scotia, under the sanction of the British 
 Government, which it is tht ir intention to work for the benefit of 
 the Association, provided the report of their Agent, who is now ex- 
 ploring the country, with the special assistance of the Governor> 
 proves as satisfactory as they have reason to anticipate. 
 
 * Cascalho iu a Htratuin of rounded yubbica and gravel, in which tne g;6ld i» 
 fur the most part found. 
 
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Since writing the above, we are credibly informed, from private ad- 
 vices received by a f-iend, that the operations of this Company are oi 
 a very favourable nature, and that .lespatchos may be shortly ex- 
 pected by the Association. 
 
 GUANAXUATO. 
 
 Of this Company little can be said ; had the contents of the Pro- 
 snectus been true, of which we entertain our doubts, the success of 
 the Company was certain— Professing trf give information of tlie pro- 
 gress of the Companies formed, we have only to remark m this m- 
 stance the Company was brought ou^ ut a premium of J to 
 £1 per Share, ran up to £% and in consequence of some un- 
 favourable statements, receded to about 2 or 3. An advertise- 
 ment appeared in the papers, stating, the Trustees would refute 
 those reports, but instead of doing which, inserted another adveu.se- 
 ment stating the Shareholders might receive back their deposits on 
 application to the Bankers, since which period nothing further has 
 
 been heard. 
 
 It is right to observe, the Bankers, Messrs. Frys and Chapman, 
 were ignorant of the operations of the Company, and immediately 
 upon receiving certain information, gave notice of their readiness to 
 return to the holders of receipts the deposits paid by them. 
 
 GOLD COAST. 
 
 Of the operations of this Company we have :-eccived various ac 
 counts all of a favourable nature, and tending to prove the advan- 
 tages likely to accrue to the Shareholders from the steps already 
 tsien, but for reasons before mentioned, decline giving publicity to 
 the same. 
 
 HAYTI. 
 
 The existence of precious metals in the eastern division of Hayti, is 
 nroved by the earliest transactions of the Spaniards in the New World, 
 and confirmed by the written evidence of the great Columbus. 
 
89 
 
 The extended area of Hayti is intersected by ranges of mountains 
 of unequal height, stretching from N. to S. and from E. to W. and in 
 various parts studded with detached clusters of hills ; many of them 
 are crowned with lofty forests, and if the exterior appearance of some 
 is barren and stony, it is because they contain in their bowels rich 
 mines, or precious and useful stones; from these mountains numerous 
 rivulets descend in every direction, and fertilize the vallies beneath. 
 
 In the neighbourhood of Santiago Cotuy and La Vega, the moun- 
 tains possess peculiar interest. In these three places, Mr. Walton, 
 late British resident there (and from whose; intelligent pamphlet on the 
 Haytien Mines, we have extracted much valuable information) 
 purchased specimens of yellow crystal, white sapphires, cor- 
 nelians, jaspers, and agates, as well as of conglomerate masses, 
 sometimes pudding stone, cemented by feruginous matter, and 
 enveloping grains of gold. In four days the traveller reaches 
 the central point of La Vega, whether starting from the N. or S. 
 side of the island, and wheel carriages can travel over the roads, 
 which are perfectly level, almost from the sea side to the 
 mountain's base, at least this is the case in most parts. On the au- 
 thority of Don Antonio Sanchez Valverde, a native of the island, the 
 Mines of La Buena Ventura, were extremely productive, and in 
 which was found, according to Oviedo, that singular grain, the 
 weight of which was 3600 pesos of gold, equal to 25 lb. or 225 oz. 
 In the range of rugged mountains called Maymon, near a rivulet of 
 the same name, in our ovra days a most abundant copper mine has 
 been worked, the ore of which is of so rich a quality that it yields 8 
 per cent, of gold, when refined. 
 
 A.S relates to the progress made by this Company, we have to ob- 
 serve, that they have obtained a grant from the Government of Hayti, 
 whereby they possess certain advantages as enumerated in their 
 Prospectus, and that since the latter end of July, the date of the for- 
 mation of the Company, the Agent or General Commissioner has 
 sailed for HayU, with full powers to carry into effect the intended 
 objects of the Company, and to make preparations for the reception of 
 the miners, &c. A vessel is preparing to convey the miners, minera- 
 logists, engineers, tradesmen, &c., and it is expected it will sail from 
 
 Falmouth shortly. 
 We have seen specimens of qiiartz, talc, and some other mineral 
 
 substances, lately sent from Hayti. 
 
 '% 
 

 90 
 
 MEXICAN. 
 
 'Tr, "dtd t- Ae .latemen. of Humboldt, that between iLo 
 
 ^rr W tt. P^e.„t in too ilfant a state to afford .« an op- 
 tat the Company P ^^ ^^^^ ^^.^^ ^^^^ ^.^^^ ^.j^^ ^„ 
 
 ;::;^rw .1eJerto'„:de.t.nIi. e,,.a. to what might be expected 
 *: r.hor.V« o'-'i- which baa e lapsed «nce .ta fonnaUon. 
 
 We have been i;fo™ed ^XtL"^^^^^^^^^^^^ 
 rc:t«„rW.TLr::ernde. — aUo„. »« deem it 
 only right to advert to the fact. 
 
 POTOSl LA PAZ AND PERUVIAN. 
 
 That Peru should have become the scene of operation of more than 
 IHAT 1 eru snouiu u recollection of the riches it 
 
 one Company i. not snrpns.ng -^"J^^^'^^^,^ „, .^.i^ered. 
 
 ^ralttandtHe Produce '.o^.^e-e of *e. *«;3t"nrH; 
 
 appear, from officat *-""■«"♦• '"t/ J^ been formed for 
 £1,000,000 sterling, annually. <^°'"P'"'" "" ' .ri,,, „ith every 
 „o king the Mines of Paaoo, and those m other d,stnct,, w.tl. every 
 
 , „f .access • it will 1» ""' P'°™« '» *™"'' °" 
 r;:^L::o7:;,e companies, lieh the information w. possess. 
 
 will, we trust, render interesting. 
 

 m 
 
 Tliis Company, which was formed the latter end of April, it ap- 
 pears lirom the Prospectus, had at that time secured by contract 
 three-fourth parts of the four celebrated Mines, (silver) of the Mar- 
 quis de Casa Pelacio, situate in the mountain of Potosi, and known 
 as the Mines of Lanacayo. These Mines are now in operation, and 
 have been worked for many years, being the principal source from 
 which the family of the Marquiq de Casa Palacio has derived its in- 
 come. We understand they are free from water, and that a stream 
 runs tlirough the estate, of sufficient force to give constant motion to 
 the stamping-mills, and tlie machinery employed in the Mines. There 
 is no want of hands to work them, and from their contiguity to the 
 city of Potosi, afford peculiar advantages. 
 
 The grant of these Mines has, we are informed, been obtained on 
 very advantageous terms, the Compan^' «fiving to the Marquis a cer- 
 tain Share 'of the annual net profits. The contract is dated 19th 
 \pril, 1825, and is in force from that time, the Association possess- 
 ing by right the buildings erected connected with the Mines, and the 
 implements, utensik^ and machinery used in the Works ; they also 
 obtain all the ores and minerals contained in the Mines, (except such 
 part as had been extracted and belonged to other individuals,) and the 
 right of searching for other Mines and veins of ore in the lands of the 
 Marquis, with tie necessary powers for that purpose. The Tirectors 
 have the power, if they should find it expedient, to discontinue the 
 works, upon giving 12 months' notice. We understand arrange- 
 ments will be made to secure to tlie Association the remaining one- 
 fourth, which belongs to the Uncle of the Marquis, who resides in 
 South America. 
 
 In the early part of May, M. Garda was sent out by the Company 
 as its agent, with the requisite powers to take possession of the 
 Mines, and carry on the Works for the benefit of the Association. 
 Information of his arrival at Buenos Ayres may be expected by the 
 next packet, and in December or January, a full report from him of 
 the state of the Mines, and of the quantity of ore they are capable of 
 producing. 
 
 In addition to these Mines, in August last the Directors of this 
 Company obtained a grant from the Marquis de Casares of the 
 Silver Mines belonging to him at Siporo, La Florida, Pigniza, 
 fend Valderosa de Feralta, and the Salt Mines of Umaca, situate 
 in the district of Porco, in the Province of Potosi, and about 
 13 leagues from the city of Potosi, with the extensive buildings. 
 
92 
 
 , • ^orpto and all the implements ami mndiinery, 
 
 „f „„, „ «2« -" s„,„ Mine. h«ve bee. worked for 
 
 powers for tlint purpose. ,i,„re beiii" nbout 800 persoiw 
 
 employed in ll.em. I be tenn ^^^^ commenced. 
 
 It i. understood rt.at bee M^^ ^^ ,„e ...mpinS mill- ."* 
 U water-power »"»»"" '"J ^liis pant is for 15 years, 
 
 ""^'"'''rrDr^l to d^rmine tbe'same attbe expiraUon 
 
 T '°1 vtr if .r, .l.""W «■"> " "P««-'- "^''^ ^Tf r ■ 
 iTtblW 1 iJa certain .bare of tbe net probts wlncb tbe 
 
 od tbe ebief representative of 'h.« A— " V™ „,^„„„ ,„ „;„ 
 
 '"''^tt^ottirri X= aid ireeUon of tbe 
 proeeed to Polo« ,^^ „j^^^,„„ f„ „,t purpose, and 
 
 Mines. He hw '»» P° ,„, Mine, in Upper and Lower 
 
 also to enter mto sneh otbeT contract ^^^^^^ ^^ 
 
 Per„a.bemaydeemadv.„U^-J«v-l "^a ^^^ ^__^.^ ^^^^ 
 
 tbe Uireetors, •>-« f-'i'^'-'^^'^i eprleotaU^^ Tbe General 
 
 „a,e been f^'T''l''1^^^X: l'r«'^.,. «"<«— -'«'''°"" 
 isaeeompamedby NLd. (^.^-^ ie Hnn-boW'. a. being 
 
 recoromendedto the Umelors >y „„deeneral knowledge 
 
 eminently ,ualiW.b,lr»p.act.^ ex -n^^.^^^^^ ^^ 
 
 in the science of mnung, to direct 
 
 of the Company. Vn^neer of practical Mining 
 
 ^■■'"'T^erorttf^nir^riV ^of wem-ed 
 expertenee .n tbe North <" J ,t„ „,„ feave England n> 
 
 Miners, M";^!^:*^ cbar'tered by tbe Direetors. «.d 
 
 r;:g°i-:-Hiver.ii.*^^^^^^ 
 
 Since writing tbe foregoing, we nave beeninfor^d^^ 
 
93 
 
 T 
 
 [PASCO] PERUVIAN. 
 
 This Company, at the period of its formation, entered into a contract 
 with Don Francisco Qiiiroz, of Peru, for a number of vahiahle Mines, 
 by which they secured to themselves the ri{>ht of possession and 
 working the same for 25 years, from 13th January 1825. Theie 
 Mines are to be delivered over to the Agents of ti»e Company, within 
 12 months from the date of contract, the fulfilment of all the con- 
 ditions of which is guaranteed under a large penalty, by a house of 
 the first respectability in London. They also entered into a contract 
 with Don Juan Vivas, formerly of Pasco, but now of Brussels, which 
 secures the right of purchasing a large mining property, at any period 
 before 30th January 1826. This property is to the extent of 360 
 
 Mines. 
 
 The Mines arc well situated, and from the abundance of coal in the 
 neighbourhood, it is expected that the process of smelting will gene- 
 rally supersede the use of quicksilver. 
 
 The inclination shewn by the Government of Peru to encourage all 
 such enterprises as are calculated to promote the welfare of the coun- 
 try, and to improve the revenue, justifies the idea that Mining Com- 
 panies (which must, if successful, be a source of great national benefit) 
 will receive its sanction and support. 
 
 From a table, extracted from the books of the provincial treasury 
 of Pasco, of the produce of the Mines of Yauricocha, it appears that 
 the average annual produce was 200,000 marks of 8 dollars each, 
 between the years 1792 and 1801 ; and that in the years 1794 and 
 1801, it nearly reached the sum of 300,000 marks of silver (vide 
 Humboldt) We shall close these remarks, which we have extracted 
 from a report published by the Directors of the Company, with ex- 
 tracts from Humboldt and Caldcleugh, and from a letter addressed by 
 Major Hinde to the Directors, of a very favourable nature. 
 
 ''»> 
 
 Humboldt, Essni Politique, Paris 1811, Svo.vol. 4, p. 158.— 
 " In Peru almost all the silver is obtained from the great Mines of 
 Yauricocha or Laurichocha (commonly called the Mines of Pasco 
 and of theCerro de Bombon) from those of Gualgayoc or Chota, and 
 of Huantajaya. The Mines of Pasco, which are worse worked than 
 
94 
 
 any other in Spanish America, were first «»;-'^--'^ ^J ^''^ ^^^^^^^^^^^ 
 Hnari Cupea in 1630. They yield annually nearly 2,000,000 of 
 dollars In order to forra a ju«t idea of the inormouB mass ol H.lver 
 which nature has deposited in the bosom of these calcareous moun- 
 tains, at the heifiht of more than 4000 metres above the level ol the 
 ocean, it should be remembered that the bed of argentiferous ox.de of 
 iron in Yauricocha has been rvorkrd rolthout int^rurtion from the 
 commencement of the 17/A century, and that dunng </- /j;»' 20 
 years more than 5,000.000 marks of sdver (equal to 40,000 000 
 dollars) have been extracted, although the greater pari of the shatts 
 do not exceed 30 metres (about 32 yards) in depth, and no one of 
 tliem is more than 120." This is but a short extract of very im^or- 
 tnnt information on the subject of the Mines of Peru. 
 
 Caldcleugh, vol. % p. 75, states, " that when the steam engmes 
 in Pasco were set to work, and the Mines cleared of water, the pro- 
 duce of silver was enormous, and continued so until the occupation of 
 that Sierra by the Patriot troops under Arenales, when it became no 
 loneer advisable to work. ^ 
 
 '^ All the specimens I saw from this Mine were native silver, m a 
 carbonate of lime. It has been worked from very early times but 
 the beds of metal extend so far on the surfoce U.at there is httle depth 
 in the excavations, which, until the arrival of these engines, were 
 cleared by a common hand-pump." , , « ., 
 
 Major Hinde, in his communication to the Directors, states, the 
 latter end of 1820 and the beginning of 1821, I was at Pasco, in the 
 command of a brigade of guns, under the orders of Genera Arenales 
 and actually had wider my escort twenty mules eacJc laden with 
 250/6S. of silver, the produce of the Mines, which had been drained 
 by the steam engims. I saw these at work in the midst "fa popula- 
 tion which I estimated at least at 5000 persons, and where 2000 
 troops were stationed for some time." 
 
 From these extracts, which arc as copious as our limits will admit, 
 it will appear the Mines in possession of this Company have hitherto 
 been very productive, more particularly when the steain-engines were 
 applied in draining them. As refers to the progress of the Company, 
 >ve can only state, that they sent over, in the month of Junclast, an 
 estabUshment of fifty-four individuals, comprising a commissioner, 
 engineers, miners, assayers, smelters, &c. with machinery, engines. 
 
- ^ff^^^to^"* 
 
 raining tools, and every neccHsary for ctfccting the objects of the 
 Company, anil for working the Mines witli greater facility. 
 
 Tliis party was accompanied by Don Francisco Quiroz, for the 
 purpose of putting the Company into possession of the Mines, in 
 which that gentleman possesses interest, and also in unison with Wm. 
 Cochran, Esq. and Joseph Andrews Fletcher, Esq. the resident Di- 
 rectors, to direct and superintend the management of the same, 
 also the working of sucli Mines as the Company have already at- 
 tamed, and which it may appear desirable on investigation to work. 
 
 PERUVIAN. 
 
 This Company, which was formed for -.vorklng Mines in Peru and 
 for carrying on a trade therewith, commenced its operations by pur- 
 chasing a cargo of British manufacture for the Peruvian Market. 
 Upon ascertaining, however, that it was not likely to prove an advan- 
 tageous venture, they resold the Cargo at a loss, and by an Adv^- 
 tisemer.t which has appeared in the papers, signified their intention of 
 returning the deposit money less 8s. per share, being the loss accruing 
 from the transaction above alluded to, and other incidental expences. 
 T!ie operations of this Company exemplify the necessity of attending 
 to the old adage, " look before you leap." 
 
 I I " 
 
 '■»;)> 
 
 H *. 
 
 REAL DEL MONTE. 
 
 In staling the progress of this Company, whose operations are of a 
 most important and extensive nature, we shall avail ourselves of the 
 information we possess in furnishing an accurate account from the 
 period of its formation to the present time. 
 
 " The Mines of Real del Monte, so much distinguished for their 
 former wealt?J, are situated in a very mountainous district, and at a 
 considerable elevation above the table land of Mexico. Approaching 
 them from Omitlan, at which place the Socabon del Aviadero has its 
 commencement, the road has a southerly direction through a very 
 winding vale of rapid ascent, having on either side steep and high 
 
 m 
 
06 
 
 rJcrll.^™ Min... ....1 im'-d all U.e veia- pro,.o»,. ... ... 
 
 .„ . ,:;^r: ... v.. .,.,. «... --j-;;- - -r:: 
 
 V,.. Bi.™i„a. Betuecn .he town . ul «»- . ^^_^^^^| 
 
 ;:j7rt:rt:=s:;l:n..va« 
 
 .lirertion to tUe vale ; «.■ 1 »' «'"»'' ^ f^^ ^j^,, 
 
 Barbara. sliafU r„„ nearly Sou.. '^^^^J^V n aLl,o,„ fron. Sa,„u 
 
 Barbara, 20 f.U,oa.» Ea»., .b-cn "PF-^" J' ' J, ,„ 3 f„rt,„„„ 
 inlriecto it i on all .heae veiaa there are .-e.en. .o,k,ng.. 
 
 We now proceed to furni-h a ake.ch of .be progre.. of .he opera- 
 
 lions of the Company. F^hniarv 1824, contractR 
 
 ,„ „.,r«nce of « rosoh,t,o„ " ''" " ^';'!^:7f'c!„,„;.,e R-sla, 
 
 were entered into «.lh Mr. Kmder, a» '"-^P ^ „f 
 
 ,l,.t„obU.ma„,a,,d.l.owrthC"lon^lM J. ^^^ ^^^^ ^^^ ^ 
 
 brother, Thomas Murphy, E«<1- '"•• « "'"" « ^^ 5,,, „f 
 
 March following'. On the /Dtn 01 ina „„,i.„^ „ho»e enler- 
 
 ,an,ea Vetch, E,,. of the Royal ^f^'^'^^i^Z bin. are well 
 prising spirit and ability to execute «- ';''' *'^j ,„„ „„„., 
 
 ^^::s:ti:i^:r;f^i*f>;:^^^ 
 
 , The.e «la.., .rcr.la, .. .He or.,...- ''""^f •;;Xr'' '"' " '""' 
 f,„„ Jal, I, 18S4, ba. I.... .lace becn...c»dcd .0 S8 year.. 
 
 and reach 
 they were 
 of aatisfact 
 diate prouf 
 pect. Up. 
 numerous 
 Commissio 
 excepting \ 
 dered it e 
 the objects 
 were Bent 
 improving 
 for the moi 
 the operati 
 rommunice 
 employed 
 Indians, tc 
 Since tli 
 Tradesmen 
 been sent c 
 in clearing 
 lovver level 
 Count Reg 
 siderable e 
 The machit 
 of 5 steam 
 mills—lO i 
 each, wood 
 form an ag 
 the coast to 
 from the ( 
 sizes, and I 
 and other r 
 the landing 
 and transpi 
 Mines, and 
 tablishraeni 
 pany, and 
 Courier, E 
 direct for 1 
 
rfli 
 
 and reached tlic Mines of Heal del Monte on the iltli Jane, w>ier« 
 they were received by the inhabitants of the town with all the mark* 
 of aatisfaction which the importance of the undertaking to the imme- 
 diate prosperity of the surroundinfr district rendered it natural to ex- 
 pect. Upon taking possession of the Mines already contracted for, 
 numerous offers of other Mines in the district were made to the 
 Commissioners, few or none of which they considered of any value,, 
 excepting that of Santa Ines, the relative position of which also ren- 
 dered it essential to secure it for the Company. In furtherance of 
 the objects of the Company, in November last a party of pioneers, &c. 
 were sent over for the purpose of superintending the making of or 
 improving a road from the Coast to the Mines of Real del Monte, 
 for the more ready conveyance of the machinery, &c. necessary for 
 the operations of the Company, and to afford greater facility in the 
 communication with the Mines. Since their arrival they liad been 
 employed in such avocation, and had set to work various parties of 
 Indians, to effect the desired object. 
 
 Since that period, (in April last) a party of Miners, Engineers, 
 Tradesmen, Storekeepers, &c. in all about 120 individuals, have 
 been sent over, and who, according to late advices, were in full work 
 in clearing and repairing the old adits, and in opening a new one at a 
 lower level, which had previously been partly driven by the former 
 Count Regla. The old Adit is already cleared and repaired to a con- 
 siderable extent, and the other is nearly approaching one of the veins. 
 The machinery and materials dispatched from this country, consisting 
 of 5 steam engines for pumping — 2 for stamping ores — 2 for saw 
 mills — 10 inch iron and brass pumps for 3 shafts, about 65 fathoms 
 each, wood pumps, tools for Engineers, Miners, &c. iron work, &c. 
 form an agregate weight of at least 1600 tons, to convey which from 
 the coast to the Company's Mines, it wm thought necessary to purchase 
 from the Ordnance Stores 150 waggons and carriages of various 
 sizes, and from 750 to 800 sets of mule harness. Gins, Capstans, 
 and other mechanical apparatus, have also been provided to facilitate 
 the landing and transport. A large party is formed for conducting 
 and transporting the machinery from the Coast to the Company's 
 Mines, and who will afterwards form a valuable addition to the es- 
 tablishment. In conveying a part of the establishment of this Com- 
 pany, and such articles as were suitable for mule transport^ the 
 Courier, Evan Thomas Master, was engaged, and which sailed 
 direct for the port of Tampico. The Melpomene, of 366 tons, and 
 
 EiP; 
 
 § 
 
08 
 . oi • «. -WIB «onii proceeded to Anton Lizardo, an the 
 
 ,i ih, ll.rri.,t .l....tly ""-' »»""'• '■"""'>"'« "■" '""""""'■ 
 
 rii!,!; :.; t.. ». -^ ■ <«-«- »' •'" «°"" "''■""""■ 
 
 ""t"; „,.bU»h.n.„t in Mexico, .. ..pre-ont formed. --'■•";•"" 
 J 2.1comn,i,.i..n..r; n,a,„K.. of u,i.,.» ; pr,„o,,.«l ..«1..t -.^ 
 
 sXe, • 4.i,nbern,en; 10 p,„npn,e„, See. fcc. ««1, --"-l^-;. 
 
 Td or" 4 «™I..c.o„, ..orckeeper; 4 wheeler. a„d earpe,,- 
 Z Xmer. and ami.h., -n-l 3 collar „..ker., tl.e la.ler party l>e,„g 
 r.!.e firlt i„...noe employed in U,e .ran.port of .be u,.cU.uery aud 
 .tores from the coast to the Corapauy's M.nes. 
 
 , add .ion to these we are given to understand that another p rty 
 is Jormtl andabontto leave linsla..d. under the i,n...ed,a.e d.rec.o- 
 
 "'S:ritLion of U,e Company they have .cored a nnm^r 
 of other mines, from which ...any advantages may bo expected. Ibe 
 .drt Tow f..rm"g will p... tbrongh various ve.a. or vem.' to aeon- 
 !ide.Ibre extent The f.ruH of the Company, wU,m 2 or 3 m.les of 
 ;tMi er omprisean extent of at leas, sixteen thousand acres, sur- 
 rounded b, a fertile country abounding with wood «,d water. Se- 
 veral HacieLas, or smelting honses, are in possess.on """'/fj?' 
 being included in the terms of the contract w.th the Count d. Reg a. 
 Of these the three Haciendas of San Miguel. San An.omo and Reg)., 
 h.ve an abundant supply of water all the year , and tberefore any 
 kid of nutchinery cm be easily worked ; .he great d,s.dva„U,ge 
 
 • . Bv a law of the Mexican Government any individual or Company, who 
 
 Mines or Veins by contract >vUh the Proprietors, and an extent of country 
 many miles. 
 
r-mm- 
 
 00 
 
 iHlheir diHfHncc (Voin tin- MiiiCH (the most (iistaiit heinjj from 12 to 14 
 miles.) A loiirl in, however, ahoiit heiiijr , nude direct to this Hnrienda, 
 »he expellee of erertin;jf which, by a former Count Rej.|n, in the year 
 1774, Ih Ntated l)y IlnmbohU at .r41(i,7(M). The llaeienda of San- 
 fhen, a amiill one Hitnuted ut the dthonc/i,- of tlie valley, which riinrt 
 up to Real del Monte, ih well placed ; and if the supply of the water 
 is rendered Hiillieient in the dry season, by that discharged from (h« 
 Alines through the Socabon, great advantage may be derive<l from it. 
 The want of fuel, which will prevent tlie adoption of the Steam Kngine 
 m many parts of Mexico, will not operate as relates to these Mines, 
 Ihey being amply supplied with this essential article. We have not 
 ascertained that the Company have yet raised any ores, being occu- 
 pied in the execution of works necessary for first draining the Mines, 
 and then purposing to work them regularly, without the frequent 
 delays which are occasioned by the necessary steps not being taken 
 in the first instance, it having been the object of the management to 
 anticipate every want and provide for many contingencies. This 
 Company is under the management of John Taylor, Esq. a gentle- 
 man whose general knowledge of Mining operations peculiarly fits 
 him for the responsible and arduous oflice. 
 
 RIO DE LA PLATA. 
 
 Tnis Company have sent out a Commissioner and a party of Miners, 
 Assayers, Smelters, &c. with every requisite for mining operations, 
 of whose arrival at Buenos Ay res advices have been received within 
 the last few days, and of measures having been taken to forward 
 them to their place of destination. Another party from the continent 
 is expected to go out shortly to the Company's Mines. 
 
 In addition to the above we are given to tinderstand that advices 
 have been received up to the I9thand 2l8t July, in which it is stated 
 that the Governments of Mendoza and San Juan, as also the Depu- 
 ties of Salta, have sent the most urgent invitations to the Agent or 
 Commissioner of this Association to devote his particular attention to 
 the mineral riches of those provinces. 
 
 The original intention of the Commissioner to proceed with a select 
 party of Miners, &c. to Mendoza and San Juan, the former of which 
 provinccB \vill become the Company's head-quarters, will, therefore. 
 
i .. 
 
 100 
 
 we are riven to underrtand, be earned into execution, and from the 
 TbeJ Iduct of the Government, evinced in favour of th. Assoca- 
 tion, no doubt can be entertained of its success. 
 
 ROYAL WALDECK. 
 
 This Company having only appeared >vUhin the last few days, we 
 have nothing to obse.-ve respecting Its operations. ^ , „. 
 
 it i, fomfed for working the Mines in the territories of the Pnnce 
 of Waldeck, which are said to contain Silver, Iron, Copper, Lead, 
 and even Gold : they are situated near the Weser, and the surround- 
 inff country abounds with wood. 
 
 The extent of these territorities is about 560 Enghsh r.-.are 
 mUes, and contains about 52,000 inhabitantij. 
 
 TLALPUXAHUA. 
 
 The Directors of this Company, in pursuance of their Prospectus, 
 dispatched an expedition to llalpuxahua, to take possession of the 
 Mines for which they had contracted, and to examine into their na- 
 ure and actual state. This expedition, consisting of 20 persona, 
 sailed from Portsmouth on the 12th March, and arrived at Tanipicc 
 on the 11th May, when they immediately proceeded up to the Miius. 
 Two of the chief officers arrivi^d at Mexico on the 2nd June, where 
 they received the titles from the Deputy of the Tribunal of Mineria ; 
 and the ex;iedition entered Tlaipuxahua on the 8th, and took quiet 
 possession of the following mines: 
 
 On ihe Vda de Coronas. 
 Real del Monte j San Jose ; San Antonio ; San Eatevan ; Isletas; 
 San SebasHan ; Coloradilla; Trinidad ; Los Remedioa: La Pompa; 
 San Diego; Velasco ; La Sierpe ; La Colo; S«nta P-i^; Santa 
 Rosalia; El Chino ; CampaTia; El Gajuel'^. 
 
 To these Mine? belong two SocpLous or Adite, tiiat of Coronas 
 and that of San Juan ; and op the Veta de Jia Borda the Company 
 have one pertenencia and three haciendas de Beneficio. 
 
 In addition to the above Mines, which are those originaUy con- 
 tracted for, the Commissioners of the Company have taken possession 
 
 
•^mmmm 
 
 101 
 
 of the Mines Santa Cruz and Valenciana, and of a Socabon belonging 
 to them : the latter Mine is situated on the Veta de la Borda, at a 
 placft where the vein is 12 varas in breadth. 
 
 The chief inducements for taking these twc Mines were, lat. That 
 all the galleries and shafts are new, and th« works are going on already 
 on the vein ; and 2ndly, That the Socftbon, being already half finished, 
 will be of j^reat aBsistance in drviining the water from the Company's 
 other Mines on the same vein ; and, moreover, had the Socabon or 
 Adit been driven by any body else, the Company would have become 
 tributary to them by the laws of Mining. 
 
 The Commissioners have also taken possession of 39 Pertenencias, 
 an Hacienda de Beneficio, and a Socabon, belonging to Mr. Mi- 
 chelena. A number of other Mines of repute in the B«al or district 
 of Tlalpuxahua, have also been offered to them. 
 
 The Company have the power of abandoning any or all of the 
 above Mines without any fine, but none of the Proprietors have the 
 power to put ai. end to the contracts. 
 
 The Agents of the Company are at present employed in examining 
 the Mines preparatory to determining on the propriety of working 
 or abandoning them. As far as that excmination has hitherto gone, 
 the indications are stated to be highly favourable, and, we believe, 
 the Directors intend to lay the vesults of the examination before the 
 Proprietors, as soon as they receive the Report. 
 
 Si* 
 
 The diptrict of TIalpuxahua is situated on the slope of the Hill of 
 Coronas, and a part of that of El Gallo, shut in on all sides by lofty 
 mountains of slate and lime-stone. It is within 38 leagues of Mexico 
 on the South East ; 38 leagues of Valladolid West ; 25 leagues of 
 Qneretavo North, and 7 leagues of Angangueo, on the South. It Is 
 Well supplied ^ith .vater throughout the year by two small rivulets, 
 and wood is very abundant, consisting of oaks, cedar, firs, and other 
 descripticn of tiniber, applicable for Mining purposes, and wbieb 
 may be obtained very reasonable. Its population/ according to' i^ 
 cMculation lately made, is from 3 to 4000, all miners. In the neigho- 
 bourhood are varioi^ reduction works, iht population of ivfaioh idottif' 
 amou..t«"to (rdto 9 to 10,000; iot i<x*^uk uwi^^k -«?:yt?ra 
 
 * I 
 
 ! 
 
102 
 
 UNITED MEXICAN. 
 
 This Company was formed upon the abandonment of the plans of 
 the Franco-Mexican Company : M. Alaman, one of the pnnc.pal 
 managers of that Company, joining this Association, >vas, Irom h.s 
 kno^ integrity and information, appointed a. President o the Mexi- 
 can Board of Management, a situation he has filled to the general 
 satisfaction of every person connected with tb- Comoany. 
 
 It will be our object to give a clear though concise account o» the 
 progress made by this Company, as affording an opportunity of judg-- 
 TnZ the prospect of success of the various Companies lately formed 
 for working Mines in South America. Having the Report of the 
 Company before us, which has been printed but a few days, we 
 have compared our private information with that contained therein, 
 and which we find to be generally correct. From thence we have 
 extracted such information as may be deemed important, and with 
 other matter, arranged the same in a tabular form, as easier for re- 
 ference, and more applicable for this work. 
 
 From this Report it appears that the silver is found very unequally 
 distributed in the great mass composing the Veta Madre of Gua- 
 naxuato. Sometimes it is observed under the form of parUcles of 
 sulphuret of silver, disseminated in quartz, as in the works of Dios 
 Padre at Bayas, or of San Jose at Cata, but more commonly m a 
 rich thread of more or less size, formed by sulphuret ot silver, ac- 
 companied by pyrites running through quartz, more or less impreg- 
 nated with the same silver, and frequently following the range ot the 
 
 ^'"in pursuance of the intentions laid down by the Company in their 
 prospectus, a pa.ty of Miners, Engineers.. Assayers, &c., were sent 
 over and the Board of Management in Mexico received instructions 
 to make arrangements for certain Mines, and to auperintend the work- 
 ing the same, as they might think fit. Having acted upon these in- 
 stmctions, and the Company feeling warranted in extending their Ca- 
 pital a meeting of Shareholders was held, at which it was agreed that 
 L Capital «hould be enlarged, and the number of Shares extended, 
 reservin?- a portion thereof for Interest, to be acquired in Mexico. 
 
 The success which has attended the operations of the Company 
 niav be coUected from the Table subjoined, in which we have been 
 particular to note the value attached to the Mines and their produce, 
 as collected up to the present period. 
 
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104 
 
 UNITED CHILIAN. 
 
 The objects of this Company are detailed in their Prospectun ; of their 
 prepress all the information we have been able to obtam '« Jhat mea- 
 Les will be taken to carry into operation those objects should they 
 be found on enquiry to afford reasonable expectations of success, and 
 ofier advantages to the Shareholders. 
 
 UNITED PACIFIC. 
 
 The Directors having taken the necessary steps to satisfy them that 
 the prospects of the Company were not such as to warrant them m 
 hazarding the n^ney entrusted to their care, this Company was re- 
 linquished, and the deposits returned in full, the Directors defraymg 
 the expenses attending its formation. 
 
 UNITED PROVINCES. 
 
 This Company, although announced, and a Prospectus issued de- 
 tailing its objects, has not been brought out. 
 
 NOTES. 
 
 Con/rac<s.— Contracts in general are engagements to advance 
 sums of money to assist in working Mines, the chief conditions 
 being, that the lender shall be admitted to a participation in the nett 
 profila foraterm of years, or in perpetuity ; and that the sum advanced 
 shall be repaid within a determinate period, by a reserve to be made 
 out of the proportion of the profits reraainbg to the Proprietors. 
 The Mines, and all their materials and moveables, stand pledged for 
 tepayitoent of the sums advanced. This description of Contract is a 
 species of Mortgage, and is termed a Contract of avio, or supply. 
 
 A pgrtinencia is a possession of mining ground. By a pertjnencia 
 upon the lode, inclined at 45° to the horizon, is understood a space 
 
105 
 
 of 200 varas in tlie range of the lode, and 200 varaa upon its incli- 
 nation ; formerly 160 varas in the range, and 60 varas on the incli- 
 nAtion of the lode, constituted a pertinencia. 
 
 If the lode be perpendicular (a case rvhich seldom occurs,) 100 
 varas on the surface are to be measured on one side of the lode, or 
 may be divided on the two sides, at the option of the miner ; but where 
 the lode is in an inclined direction, which is the most usual case, the 
 measurement is to be governed by a scale, (laid down in the ordi- 
 nances,) so as to be equal to 200 varas at an inclination of 45" to 
 the horizon. 
 
 An adit, or level, is an excavation or cut made at the side or bot- 
 tom of the hill or mountain in which the Mine is situated, for the 
 purpose of draining oflF the water, instead of drawing it out at the top. 
 It is also sometimes formed for other purposes. 
 
 Any individual driving an adit which drains another person's Mine, 
 becomes entitled by the laws of mining to a certain share of the profits 
 of that Mine. 
 
 Socahon, a term used for adit or level. 
 
 Real, or Real tie Minus, means a district in which there are Mines. 
 
 Veta, a vein. — Veta Madre, the principal vein. 
 
 Hacienda, — By the term hacienda, is generally understood a smelt- 
 ing-house. 
 
 Haciendas de Beneficio. — Establishments for reducing ores. 
 
 Monton. — A large heap of ores reduced to powder, equal in weight 
 to 30 quintals, but which varies in diflFerent districts. 
 
 A cargrt is equal to 3 quintals or 3001bs. Spanish in Mexico, or to 
 10 arrowbas of 25lbs. each in Peru. 
 
 One quintal contains lOOlbs. Spanish. 
 
 A Mexican league contains 5000 varas — 90 varas being equal to 
 100 yards. 
 
 We subjoin a table of the various Companies, with the amount of 
 Capital, number of Shai''> -.layments made, and the extreme fluctua- 
 tions in price from the period of their formation up to the Ist October 
 1825, by which it will be seen that the total amount of Capital of 
 the Companies formed for working foreign Mines, amounts to 
 .f25,l 10,000; the number of Shares 286,000, and the money al- 
 ready subscribed .f 1,832,000. 
 
 We have confined ourselves to tne oflBcial daily list published by 
 Wetenhall, although in one or two instances higher prices may have 
 been obtained. We may here observe th ; highest prices the Shares at- 
 
 i- 
 
 
106 
 
 taiued was about the lOiU January and 21st February hut Bince nhich 
 da gradual decline ha. taken place, chieHy to be attributed to the 
 immense number of Shares thrown on the Market ; he lormat.on of 
 Z Companies, the extent of speculation, scarcity o .noney and n. 
 TL instances, want of confidence. Fron. a carelul perusal of the 
 foregoing pages, an opinion maybe formed o the value to be at- 
 tached to each of the Companies, their specfic objects bemg set 
 forth, their prospects of success, and the progress already made 
 The prices are at best but a false criterion, the y havn.g been raised 
 to an extreme, and equally depressed by speculation. 
 
 r ^ 
 
 $ o' 
 
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