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and�察�in what constitutes the real riches of every country�察�the

animal and vegetable productions of the soil�察�there was at that

time nothing which could well justify such a representation of

them。

     The Cori�察�something between a rat and a rabbit�察�and supposed

by Mr。 Buffon to be the same with the Aperea of Brazil�察�was the

largest viviparous quadruped in St。 Domingo。 This species seems

never to have been very numerous�察�and the dogs and cats of the

Spaniards are said to have long ago almost entirely extirpated

it�察�as well as some other tribes of a still smaller size。 These��

however�察�together with a pretty large lizard�察�called the ivana��

or iguana�察�constituted the principal part of the animal food

which the land afforded。

     The vegetable food of the inhabitants�察�though from their

want of industry not very abundant�察�was not altogether so scanty。

It consisted in Indian corn�察�yams�察�potatoes�察�bananas�察�etc。��

plants which were then altogether unknown in Europe�察�and which

have never since been very much esteemed in it�察�or supposed to

yield a sustenance equal to what is drawn from the common sorts

of grain and pulse�察�which have been cultivated in this part of

the world time out of mind。

     The cotton plant�察�indeed�察�afforded the material of a very

important manufacture�察�and was at that time to Europeans

undoubtedly the most valuable of all the vegetable productions of

those islands。 But though in the end of the fifteenth century the

muslins and other cotton goods of the East Indies were much

esteemed in every part of Europe�察�the cotton manufacture itself

was not cultivated in any part of it。 Even this production��

therefore�察�could not at that time appear in the eyes of Europeans

to be of very great consequence。

     Finding nothing either in the animals or vegetables of the

newly discovered countries which could justify a very

advantageous representation of them�察�Columbus turned his view

towards their minerals�察�and in the richness of the productions of

this third kingdom�察�he flattered himself he had found a full

compensation for the insignificancy of those of the other two。

The little bits of gold with which the inhabitants ornamented

their dress�察�and which�察�he was informed�察�they frequently found in

the rivulets and torrents that fell from the mountains�察�were

sufficient to satisfy him that those mountains abounded with the

richest gold mines。 St。 Domingo�察�therefore�察�was represented as a

country abounding with gold�察�and�察�upon that account�察。�according

to the prejudices not only of the present time�察�but of those

times�� an inexhaustible source of real wealth to the crown and

kingdom of Spain。 When Columbus�察�upon his return from his first

voyage�察�was introduced with a sort of triumphal honours to the

sovereigns of Castile and Arragon�察�the principal productions of

the countries which he had discovered were carried in solemn

procession before him。 The only valuable part of them consisted

in some little fillets�察�bracelets�察�and other ornaments of gold��

and in some bales of cotton。 The rest were mere objects of vulgar

wonder and curiosity�察�some reeds of an extraordinary size�察�some

birds of a very beautiful plumage�察�and some stuffed skins of the

huge alligator and manati�察�all of which were preceded by six or

seven of the wretched natives�察�whose singular colour and

appearance added greatly to the novelty of the show。

     In consequence of the representations of Columbus�察�the

council of Castile determined to take possession of countries of

which the inhabitants were plainly incapable of defending

themselves。 The pious purpose of converting them to Christianity

sanctified the injustice of the project。 But the hope of finding

treasures of gold there was the sole motive which prompted him to

undertake it�察�and to give this motive the greater weight�察�it was

proposed by Columbus that the half of all the gold and silver

that should be found there should belong to the crown。 This

proposal was approved of by the council。

     As long as the whole or the far greater part of the gold��

which the first adventurers imported into Europe�察�was got by so

very easy a method as the plundering of the defenceless natives��

it was not perhaps very difficult to pay even this heavy tax。 But

when the natives were once fairly stripped of all that they had��

which�察�in St。 Domingo�察�and in all the other countries discovered

by Columbus�察�was done completely in six or eight years�察�and when

in order to find more it had become necessary to dig for it in

the mines�察�there was no longer any possibility of paying this

tax。 The rigorous exaction of it�察�accordingly�察�first occasioned��

it is said�察�the total abandoning of the mines of St。 Domingo��

which have never been wrought since。 It was soon reduced

therefore to a third�察�then to a fifth�察�afterwards to a tenth�察�and

at last to a twentieth part of the gross produce of the gold

mines。 The tax upon silver continued for a long time to be a

fifth of the gross produce。 It was reduced to a tenth only in the

course of the present century。 But the first adventurers do not

appear to have been much interested about silver。 Nothing less

precious than gold seemed worthy of their attention。

     All the other enterprises of the Spaniards in the new world��

subsequent to those of Columbus�察�seem to have been prompted by

the same motive。 It was the sacred thirst of gold that carried

Oieda�察�Nicuessa�察�and Vasco Nugnes de Balboa�察�to the Isthmus of

Darien�察�that carried Cortez to Mexico�察�and Almagro and Pizzarro

to Chili and Peru。 When those adventurers arrived upon any

unknown coast�察�their first inquiry was always if there was any

gold to be found there�察�and according to the information which

they received concerning this particular�察�they determined either

to quit the country or to settle in it。

     Of all those expensive and uncertain projects�察�however��

which bring bankruptcy upon the greater part of the people who

engage in them�察�there is none perhaps more ruinous than the

search after new silver and gold mines。 It is perhaps the most

disadvantageous lottery in the world�察�or the one in which the

gain of those who draw the prizes bears the least proportion to

the loss of those who draw the blanks�此�for though the prizes are

few and the blanks many�察�the common price of a ticket is the

whole fortune of a very rich man。 Projects of mining�察�instead of

replacing the capital employed in them�察�together with the

ordinary profits of stock�察�commonly absorb both capital and

profit。 They are the projects�察�therefore�察�to which of all others

a prudent lawgiver�察�who desired to increase the capital of his

nation�察�would least choose to give any extraordinary

encouragement�察�or to turn towards them a greater share of that

capital than that would go to them of its own accord。 Such in

reality is the absurd confidence which almost all men have in

their own good fortune that�察�wherever there is the least

probability of success�察�too great a share of it is apt to go to

them of its own accord。

     But though the judgment of sober reason and experience

concerning such projects has always been extremely unfavourable��

that of human avidity has commonly been quite otherwise。 The same

passion which has suggested to so many people the absurd idea of

the philosopher's stone�察�has suggested to others the equally

absurd one of immense rich mines of gold and silver。 They did not

consider that the value of those metals has�察�in all ages and

nations�察�arisen chiefly from their scarcity�察�and that their

scarcity has arisen from the very small quantities of them which

nature has anywhere deposited in one place�察�from the hard and

intractable substances with which she has almost everywhere

surrounded those small quantities�察�and consequently from the

labour and expense which are everywhere necessary in order to

penetrate to and get at them。 They flattered themselves that

veins of those metals might in many places be found as large and

as abundant as those which are commonly found of lead�察�or copper��

or tin�察�or iron。 The dream of Sir Walter Raleigh concern

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