night of my arrival they had just completed the work of pumping the water out of the San Nicholas shaft, famous for the immense amount of silver taken from it in the early period of the mining history of Mexico.
Mounted on a good horse, and followed by a lackey, I rode up the zigzag carriage-road which the English company constructed a quarter of a century since in order to convey their immense steam machinery to the top of the mountain, some seven miles distant. This road is still kept in a good state of repair, and forms a romantic drive for those who keep carriages in the mountains. The sun was shining upon the cultivated hills and rolling lands far below us as we jogged along our winding way up the mountain. At every turn in the road new beauties presented themselves. But it was getting too chilly for moralizing, and both lackey and I were pleased when we reached the village upon the top of the mountain, which bears the name of Real del Monte. The house of entertainment here is kept by an English woman, who seems to be a part of the mining establishment. While in her domicile, I found no occasion to regret that I was again elevated into a cold latitude.
THE MINING MANIA.
More than thirty years have passed since that second South Sea delusion, the Anglo-Spanish American mining fever, broke out in England. It surpassed a thousand-fold the wildest of all the New York and California mining and quartz mining organizations of the last five years. Prudent financiers in London ran stark mad in calculating the dividends they must unavoidably realize upon investments in a business to be carried on in a distant country, and managed and controlled by a debating society or board of directors in London. Money was advanced with almost incredible recklessness, and agents were posted off with all secrecy to be first to secure from the owner of some abandoned mine the right to work it before the agent of some other company should arrive on the ground.