An Historical Inquiry Into the Production And Consumption of the Precious Metals

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CHAP. XXI.
nificant that an error cannot exist to an extent which would make a difference in the whole cal- culation of two per cent.
Peru. Although there was much fluctuation in the produce of the American mines during the seven- teenth century, yet upon the whole there was an increase, though not a large one. The mines in the district of Potosi in Peru had declined to a great extent. In the first fifteen years of the cen- tury they had yielded one million six hundred and seventy thousand thre
...e hundred and forty-four piastres, or about three hundred and fifty thousand pounds ; and in the last fifteen years, from 1685 to l699> both years inclusive, the average amounts to no more than five hundred and fifty-nine thou- sand nine hundred and forty-three piastres, or about one hundred and sixteen thousand six hun- dred and sixty pounds. At the first discovery of that mass of mineral wealth, the Spanish con- querors exercised the most unlimited power over the natives. They were driven to the severe labour of the mines in a cold and inhospitable climate, where subsistence was difficult to be obtained ; and the change from the deep and warm and fruitful valleys where they had passed their time in tran- quillity and abundance swept them away in great numbers.

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