Yquotes.com

 

As the charge for parting the gold and silver at the Mexican mints, is generally from one to two dollars, and coinage about fifty cents, per pound, this assayed bullion yields a profit upon its current value of nearly ten per cent at the United States Mint; but, if unassayed, it generally produces an advance of about double that amount upon the usual cost at the mines. The exportation of bullion, however, is prohibited, except by special license from the general government. Still a large quantity is exported in this way, and considerable amounts smuggled out through some of the ports.
--
p.184

 

Josiah Gregg

» Josiah Gregg - all quotes »

Similar quotes

 

The silver which is taken from the furnace, generally contains an intermixture of gold, averaging from ten to thirty per cent.; but what is extracted by amalgamation is mostly separated in the washing. While in a liquid state, the gold, from its greater specific gravity, mostly settles to the bottom: yet it usually retains a considerable alloy of silver. The compound is distinguished by the name of oroche. The main portion of the silver generally retains too little gold to make it worth separating.

 

Josiah Gregg

 

A constant and often profitable business in the 'silver trade' is carried on at these mines. As the miners rarely fail being in need of ready money, they are generally obliged to sell their bullion for coin, and that often at a great sacrifice, so as to procure available means to prosecute their mining operations. To profit by this trade, as is already mentioned, was a principal object of my present visit. Having concluded my business transactions, and partially gratified my curiosity, I returned to Chihuahua, where I arrived, November 24, 1835, without being molested either by robbers or Indians, though the route is sometimes infested by both...

 

Josiah Gregg

 

So little apprehension appeared to exist, that, in February, 1843, Don Antonio José Chavez, of New Mexico, left Santa Fé for Independence, with but five servants, two wagons, and fifty-five mules. He had with him some ten or twelve thousand dollars in specie and gold bullion, besides a small lot of furs. ...about the tenth of April, ...he found himself near the Little Arkansas; at least a hundred miles within the territory of the United States. He was there met by fifteen men from the border of Missouri, professing to be Texan troops, under the command of one John McDaniel. This party had been collected, for the most part, on the frontier, by their leader, who was recently from Texas, from which government he professed to hold a captain's commission. They started, no doubt, with the intention of joining one Col. Warfield (also said to hold a Texan commission), who had been upon the Plains near the Mountains, with a small party, for several months — with the avowed intention of attacking the Mexican traders. Upon meeting Chavez, however, the party of McDaniel at once determined to make sure of the prize he was possessed of, rather than take their chances of a similar booty beyond the U. S. boundary. ...Lots were accordingly cast to determine which four of the party should be the cruel executioners; and their wretched victim was taken off a few rods and shot down in cold blood. ...five of the whole number (including three of the party that killed the man) effected their escape, but the other ten were arrested, committed, and sent to St. Louis for trial before the United States Court. It appears that those who were engaged in the killing of Chavez have since been convicted of murder; and the others, who were only concerned in the robbery, were found guilty of larceny, and sentenced to fine and imprisonment (John McDaniel and his brother David were both executed. ...The Texas government disclaimed all responsibility for McDaniel.).

 

Josiah Gregg

 

In European thought in general, as contrasted with American, vigor, life and originality have a kind of easy, professional utterance. American — on the other hand, is expressed in an eager amateurish way. A European gives a sense of scope, of survey, of consideration. An American is strained, sensational. One is artistic gold; the other is bullion.

 

Wallace Stevens

 

I set out from Chihuahua on the 26th of February, 1835. My party consisted of four men (including myself) and two empty wagons — not a very formidable escort to protect our persons as well as specie and bullion (the only transmissible currency of the country) against the bands of robbers which at all times infest that portion of our route that lay south of Durango. From Chihuahua to that city the road was rendered still more perilous by the constant hostilities of the Indians. On the 7th of March, however, we arrived, without accident, at the town of Cerro Gordo, the northernmost settlement in the department of Durango; and the following day we reached La Zarca, which is the principal village of one of the most extensive haciendas in the North. So immense is the amount of cattle on this estate, that, as it was rumored, the proprietor once offered to sell the whole hacienda, stock, etc., for the consideration alone of fifty cents for each head of cattle found on the estate; but that no person has ever yet been able or willing to muster sufficient capital to take up the offer.

 

Josiah Gregg