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laws from attending even to their own business and interests: now you appreciate a true policy, and your enlightened Government is ready to further public opinion in the promotion of your riches, strength, and happiness, as well as to assist these, by disseminating through the press the political opinions of great and wise men—without fear of the Inquisition, the faggot, or the stake.

It is very gratifying to me to observe the change which has taken place in your ideas of political economy, and to see that you can appreciate and despise the clamour of the few who would still interrupt the public prosperity; though it is difficult to believe how any citizen of Guayaquil can be capable of opposing his private interest to the public good, as though his particular profit were superior to that of the community, or as if commerce, agriculture, and manufactures were to be paralysed for his especial behoof.

Guayaquilenos! Let your public press declare the consequences of monopoly, and affix your names to the defence of your enlightened system. Let it shew that, if your province contains 80,000 inhabitants, and that if 80 of these are privileged merchants according to the old system, 9,999 persons out of 10,000 must suffer because their cotton, coffee, tobacco, timber, and other productions must come into the hands of the monopolist, as the only purchaser of what they have to sell, and the only seller of what they must necessarily buy! the effect being that he will buy at the lowest possible rate, and sell at the dearest, so that not only are the 9,999 injured, but the lands will remain waste, the manufactories without workmen, and the people will be lazy and poor for want of a stimulus, it being a law of nature that no man will labour solely for the gain of another.

Tell the monopolist that the true method of acquiring general riches, political power, and even his own private advantage, is to sell his country's produce as high, and foreign goods as low as possible—and that public competition can alone accomplish this. Let foreign merchants who bring capital, and those who practise any art or handicraft, be permitted to settle freely; and thus a competition will be formed, from which all must reap advantage.

Then will land and fixed property increase in value; the magazines, instead of being the receptacles of filth and crime, will be full of the richest foreign and domestic productions, and all will be energy and activity, because the reward will be in proportion to the labour. Your river will be filled with ships, and the monopolist degraded and shamed. You will bless the day in which Omnipotence permitted the veil of obscurity to be rent asunder, under which the despotism of Spain, the abominable tyranny of the Inquisition, and the want of liberty of the press, so long hid the truth from your sight.

Let your customs' duties be moderate, in order to promote the greatest possible consumption of foreign and domestic goods; then smuggling will cease, and the returns to the treasury increase. Let every man do as he pleases as regards his own property, views, and interests; because every individual will watch over his own with more zeal than senates, ministers, or kings. By your enlarged views set an example to the New World; and thus, as Guayaquil is from its situation the Central Republic, it will become the centre of the agriculture, commerce, and riches of the Pacific.

Guayaquilenos! The liberality of your sentiments, and the justice of your acts and opinions, are a bulwark to your independence more secure than that of armies and squadrons. That you may pursue the path which will render you as free and happy as the territory is fertile, and may be rendered productive, is the sincere wish of your obliged friend and servant,

COCHRANE.

The English reader may consider a lecture of this nature superfluous to an emancipated people, but the adherence to injurious monoplies, in spite of independence, was one of the most marked features of the South American Republics, and one which I never lost an opportunity of combating. Even the Chilian Republic, which was amongst the first to assert its freedom, increased its monopolistic practices, instead of diminishing them. One or two examples will not be here out of place.

English malt liquor bore a very high price in Chili, from the heavy freight and customs' duties. An ingenious Scotchman, named Macfarlane, set up a brewery at considerable expense, and malt costing in Chili barely a shilling per fanega (about a bushel), soon produced beer of a fine quality, at a low price. The Government forthwith imposed a duty on his beer equal to the whole freight from England, customs' dues, and his profit, the consequence being, that the brewery was stopped and the capital employed lost. He had unwittingly interfered with the established duties on beer!

Some enterprising Americans formed a whale fishery on the Chilian coast near Coquimbo, where the sperm whale abounded, and so successful was the fishery, that the speculation promised a fortune to all concerned. A large plant had been provided, including abundance of casks to contain the oil. The Government directed the whole of the casks to be seized for the purpose of watering the squadron, that being easier than to provide them themselves, which being done, pursuant to orders, the Americans formed pits lined with clay, in which the oil was put till fresh casks could be procured. On this, the Governor of Coquimbo forbade the practice, as the wind might waft an unpleasant smell to Coquimbo, though the trade wind never blew in that direction. The Americans were therefore compelled to abandon the pursuit, and with it several sperm whales which were lying in the bay ready for boiling.

An enterprising English engineer, Mr. Miers, brought out complete machinery for smelting, rolling, and manufacturing copper, purchasing land whereon to erect his factory. As soon as his purpose became known, he was involved in a long and expensive law-suit to prevent the use of the land which he had bought, the result being great pecuniary loss, complete prevention of his operations, and the final removal of such of his machinery as was not utterly spoiled, to Brazil.

It would be easy to multiply similar instances to a great extent, but these will show that my advice to the Guayaquilenos was not unnecessary; and to give counsel of this nature, wherever it could be applied, was my invariable practice, in place of engaging in petty intrigues, or bargaining for personal power or advantages, which, situated as I was, I could have commanded to any extent by a sacrifice of my own principles. Efforts of the above nature to enlighten the people, rendered me obnoxious to men in power, as interfering with their cherished monoplies, out of which they contrived to extract individual profit.

The necessity for a speedy pursuit of the enemy's frigates, precluded more than a temporary repair of the ships; nothing, indeed, had been done to remedy the leak in the hull of the flag-ship, as, from the rotten state of her masts, we durst not venture to heave her down, so that when we got in a sea-way she made six feet of water a day.

We quitted the Guayaquil river on the 3rd of December, coasting along the shore, and examining every bay for the objects of our search. On the 5th we reached Salango, where we again watered the ships, there being only twenty-three tons of water casks on board the flag-ship. On the 11th we reached Cocos Island, when we found and took possession of an English pirate, commanded by a man, named Blair. On the following day we captured a felucca, which turned out to be a deserter from Callao. From the men on board we learned that, after my departure, San Martin had refused to fulfil the promises by which they had been induced to remain, though he had thus allured nearly the whole of the foreign seamen, who comprised the only skilled portion of the Chilian squadron, into the service of Peru. The felucca thus manned, and sent as a guarda costa to Chorillas, the men took advantage of the absence of their captain on shore, and seized the vessel, which they named the Retaliation, having put to sea, no doubt with the intention of turning pirates. As they had committed no depredations, and I had no wish to be encumbered with them, they were suffered to escape.

On the 14th we made the coast of Mexico, the leak of the flag-ship daily increasing, and on the 19th we anchored in the bay of Fonseca, with five feet of water in the hold, the chain pumps being so worn as to be useless, there being no artificers on board to repair them, the ship was only kept afloat by the greatest possible exertions, in which my personal skill in smiths' work had to be called into requisition.

After three days' constant baling at the hatchways, we got two pumps from the Valdivia; but these proving too short, I ordered holes to be cut through the ships' sides, on a level with the berth deck, and thus managed to keep her clear till the old pumps could be refitted. Nearly all our ammunition was spoiled, and, in order to preserve the dry provisions, we were compelled to stow them in the hammock-nettings.

Having transferred forty men from the other ships to assist at the pumps, we quitted Fonseca bay on the 28th, and on the 6th of January, 1822, arrived at Tehuantepec, a volcano lighting us every night. This was one of the most imposing sights I ever beheld; large streams of molten lava pouring down the sides of the mountain, whilst at intervals, huge masses of solid burning matter were hurled into the air, and rebounding from their fall, ricocheted down the declivity till they found a resting place at its base.

On the 29th we anchored at Acapulco, where we met the Araucano and Mercedes, the latter having been sent on to gain intelligence of the Spanish frigates. We were civilly received by the Governor, though not without misgivings, on his part, that we might attempt to seize some Spanish merchantmen at anchor in the harbour; so that we found the fort manned by a strong garrison, and other preparations made to receive us in case of hostile demonstration.

We were not a little surprised at this, as nothing could be more friendly than our intentions towards the newly emancipated Republic. The mystery was, however, soon cleared up. When at Guayaquil, we met with two officers, General Wavell and Colonel O'Reilly, to whom the Chilian Government had given passports to quit the country, not estimating the value of their services as tantamount to their pay. As no secret was made of the object of the Chilian squadron, they had, owing to our delay on the coast, carried their own version of our mission to Mexico, and had reported to the Mexican Government, both personally and by letter, that Lord Cochrane had possessed himself of the Chilian Navy,—plundered the vessels belonging to Peru,—was now on a piratical cruise,—and was coming to ravage the coast of Mexico; hence the preparations which had been made.

The two worthies whom I have mentioned had represented to the authorities at Guayaquil that they were ambassadors from Chili to Mexico, deputed to congratulate the Mexican Government on their achievement of independence. Knowing this to be false, I requested them to shew their credentials, which of course they could not do. Their passports

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