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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...
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p.184

 

Josiah Gregg

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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

 

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.

 

Josiah Gregg

 

To take an example, therefore, from a very trifling manufacture, but one in which the division of labour has been very often taken notice of, the trade of a pin-maker: a workman not educated to this business (which the division of labour has rendered a distinct trade, nor acquainted with the use of the machinery employed in it (to the invention of which the same division of labour has probably given occasion), could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty. But in the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which the greater part are likewise peculiar trades. One man draws out the wire; another straights it; a third cuts it; a fourth points it; a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations; to put it on is a peculiar business; to whiten the pins is another; it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands, though in others the same man will sometimes perform two or three of them. I have seen a small manufactory of this kind, where ten men only were employed, and where some of them consequently performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day. There are in a pound upwards of four thousand pins of a middling size. Those ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they had all wrought separately and independently, and without any of them having been educated to this peculiar business, they certainly could not each of them have made twenty, perhaps not one pin in a day; that is, certainly, not the two hundred and fortieth, perhaps not the four thousand eight hundredth, part of what they are at present capable of performing, in consequence of a proper division and combination of their different operations.

 

Adam Smith

 

No better evidence can be found of the extensive operations which have been carried on in this the greatest mining district of Northern Mexico, than in the little mountains of scoria [dregs] which are found in the suburbs of the city. A great number of poor laborers make a regular business of hammering to pieces these metallic excrescences, from which they collect silver enough to buy their daily bread.

 

Josiah Gregg

 

It had been the winter of 1835-6 that the ship, Alert, in her voyage for hides on the remote and almost unknown coast of California, floated into the vast solitude of the bay of San Francisco. All around was the stillness of nature. One vessel, a Russian, lay at anchor there, but during our whole stay not a sail came or went. Our trade was with remote missions, which sent hides to us in launches manned by their Indians... Over a region far beyond our sight there was no other human habitations, expect that an enterprising Yankee, years in advance of his time, had put up, on the rising ground above the landing, a shanty of rough boards, where he carried on a very small retail trade between the hide ships and the Indians. On the evening of Saturday, the thirteenth of August, 1859 (I again sailed into) the entrance to San Francisco, (now) the great center of worldwide commerce.

 

Richard Henry Dana