CHAP. XXV.
and 1829» twelve million dollars. Upon this modeof calculating, the whole gold and silver whichMexico yielded in the twenty years from the be-ginning of 1810 to the end of 1829 would amountto two hundred and twenty million forty thou-sand two hundred dollars, or an annual averageof eleven millions, being, at the rate hithertoassumed of four shillings and two-pence the dol-lar, in sterling money two million two hundredand ninety-one thousand six hundred pounds.
Besides that which was coined into money, thereappears also to have been produced some silver inbars and some gold in ingots, which wei’e deliveredto the treasury. It is shown in the Appendix ,No. 7, that this, in the thirty-five years from 1791to 1825, was about ten million five hundred thou-sand ounces of silver, and one hundred and fifteenthousand one hundred and thirty ounces of gold,amounting to near three million pounds sterling,or on the average of the thirty-five years to eighty-five thousand seven hundred pounds yearly. Thissum is, however, counterbalanced by a greateramount of the precious metals, which, strange as itmay appear, Mexico actually imported from Europe .We find from Mr. Ward 1 that three hundred andninety-six ingots of gold and four thousand twohundred and sixty-three ounces of doubloons,amounting together to one million six hundred