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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 'r 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 i:'' 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 t 1 p m L I \\i 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 .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 .3 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 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. irm 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 anniBOT»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 thrding 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. -'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'"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 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 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 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- . < 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 ;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 !( , , , !,,....■! 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 -^ 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. 1 ( . .It ! ! Un'. §1 IMAGE EVALUATION TEST TARGET (MT-S) 1.0 I.I i^ i^ II 22 S IAS 1 2.0 Ill 1.8 1.25 1.4 (6 -—1- ==, = < 6" ► ^ <$>^^ ^ 'm ^ ^ Ss.. ^/W/ /A Photpgraphic Corporation 7Z WEST MAIN STREET (716) 871-4503 .4 a\ i\^ .|^. -b s? « «^\^!i. 6^ ^1? a^^ ■i'.^'- ■«. 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 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 derivevUhin 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 ivas, 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. 1 •'*••' 1 f H . . a . , r, • • X > ■ • 1 • ' J ; ; J ; J 2: ' < •s; J ; " : ; 3 : : ;2: : 3: : :^i: li: iri: li: ; : : : 3 : : i ; < ; ! p: I n; . S: r-. p . ■ . t asj ." ffjcj 1 •«; M e.' : a.: • ; ; •• aj p. • 1 1 < • g» Ofl4 tit C'^ o o (5 - 1 S ' ft o] 2 5 o w a >i • *c « fi & r» H o e CB e.3. -6=2,1 = 2:=-§ OS « ft J*. ^ ** 55 2-2.0 •=>§ o 2 1 - s«« — "I <♦ T o o ISO' " (^ ^ i« — ' S ■' ?. »^ •I« ? ci 2 S P M . "I S ff (tg. *C ;« *• H o e 2.W ;• - 2 S^ =• 5 X < -S » o 1=2,1 |?-2. = ?.=•§ = !» 2 S B S O i« (5 •Sis o 3.25^2 s,» s. s- g r ^ =■'» = '» rt IT 1 (t « 2^ "■ 3 5". c- E =■' 2.5 o * ES, B) » B = e. 2 ^ - * .2 , -^ f» " - SO ■■ C 1 m - It ?•« f ,-■> a- a-" 2 « 2 3;2 is O 3 •t n ct i» ? ■1 ^ 2 '^ o «. 5 o - r. r o - ge - (t £, " *- "^ ^ 0-2 p 2 rt a Si. " 3 (To."* S *" 3" S » n w a •• 2 "* » a s 3 (* dl a. =■'< On < 9 » S J) (t = " 5,3>2 •* ■* ^ - ^ B f> S » g tf — En ia O-i E,» ?« o 9 53 "* •** "■ J a r « ' s — 5" — P W » S' » S o E, "^ ■ » p r *«. p ™ a (^ n " 'O'S N = ■> . N _ fi < - '- "1 n S.T m S P ^2. ™ P ST M i5:jS 3 <- (t < -ft ° P o =". a" Son rr .» (B 8 "S 2." 2 a 2 s™ o- -) = »=- P ffS o " p «■ s Is I § 00 03 /-. ! 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 -.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' 1 c ceo ■ p o 3 p .» «■• . M 1 • r« f* ^ ^ * 1 '. >> o (t !i; ■ * p. p. c S^l Chil Tbe S 2. : e 'i S" -• B» ' • 2' § 3 O ' Tt n n u> • • • • S » t • « * P) • • • tf •^ i-i 1 1 1 -^ i 1 f^ " — to — c F ?■ J" ; i 1 1 1 I S 1 £ S tr — It t w (C o< \ V o H • • r: ® = o 3 = ; . «, t^ " .£ : S -« » - : 3 .* i» «!•_•'(«. B r : ■ tan * r 1 : p g v « •tf _ 1 P >c t 1 - l» ^ B- w C e ft ft 9 It >ii 9 >< 3 n 3 i g tf fi. i> I S 3 ■^"t! X S S • ■ <> ? n o ft : H " <« o f, » -> • ll F 5 1 a es" ■ ^ en -3 (J a -fl 1' 1 ^H -• ft ^ V O ^ 3 l» » §??-:? 2- : *-"' ■ ? % ...on » « : : : ; o n W-. ^^sy^r-j-yw^ C B S K n~ P S- o n s (t 1 2 -« o 5 7 <• OT IS ap 5" o t ?s. 7 S s 1 i ? F ! : « ^ • " ■ ^ 1? u 2 >; ■ s- S o "3 3 ■ It P r» 1 C ■ •' » V, p; ■ . . « ! ■ 9) t •* • - H *• . O . U m f • c: • ■ J F^ ' J ■ m* f^ • ■ or cr c 1 s ^1 'pUf,- b; ? f THE END. Il 11 WIMON. PRINTER. W, SKINNBR-STRBKT. LONDON.