. Mining and Scientific Press . r fplata pasta) was the chief mediuxexchange. The practice, however, was carried on at aserious loss to the miners, to ? in ex change for bullion commanded double price, and a marcIver, worth eight dollars at the mine, brought only lolla I - :111«1 a halt in (liiluiahua or 3rndirecl taxes, in th1 form of import duties theroyal monopoly on gunpowder quicksilver, were amore serious handicap than the direct levies. At theclose of th. I8tb century, Mexico required fully 1,300,000lb. of gunpowder annually to keep her mines in opera n Almaden look. .1 th
. Mining and Scientific Press . r fplata pasta) was the chief mediuxexchange. The practice, however, was carried on at aserious loss to the miners, to ? in ex change for bullion commanded double price, and a marcIver, worth eight dollars at the mine, brought only lolla I - :111«1 a halt in (liiluiahua or 3rndirecl taxes, in th1 form of import duties theroyal monopoly on gunpowder quicksilver, were amore serious handicap than the direct levies. At theclose of th. I8tb century, Mexico required fully 1,300,000lb. of gunpowder annually to keep her mines in opera n Almaden look. .1 th. isuch pn r upon I the mining of quicksilver in M<However, while tnosl ..t tl Iver came from Spain ..r from <li imany by waj Irew upon th 82 pesos per quintal; in 1767 ?. MEXICO tion. The manufacture of this was under royal control,hut many illicit factories existed and much powder was also smuggled in through Vera Cruz, so hat royalmonopoly was far from complete. The price ranged from six to eight reales per pound, and even th. lowirepresented a profit of 200%. The royal monopoly on quicksilver was far more suc-cessful than that on gunpowder, and furnished one ofthe most troublesome questions in th. history of colonialmining. Quicksilver was an absolute essential in thebusiness, and its scarcity or abundance, its cheapness ordearness. largely th. yearly output of Imines. In the conduct of the monopoly, aceordu ?-??.king was frequently between the devil and the deepsea. If he fixed the price of quicksiha large profit, he reduced the production of silver, andcut off the royal revenue in one direction while seeking by 177s approximately H pesos The an-nual consumption toward the close of the 18th century,.., ]. |...
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