Trade Quotes - page 58
A constant and often profitable business in the 'silver trade' is carried on at these mines. As the miners rarely fail being in need of ready money, they are generally obliged to sell their bullion for coin, and that often at a great sacrifice, so as to procure available means to prosecute their mining operations. To profit by this trade, as is already mentioned, was a principal object of my present visit. Having concluded my business transactions, and partially gratified my curiosity, I returned to Chihuahua, where I arrived, November 24, 1835, without being molested either by robbers or Indians, though the route is sometimes infested by both...
Josiah Gregg
Before the end of October, 1839, I had an opportunity of selling out my stock of goods to a couple of English merchants, which relieved me from the delays, to say nothing of the inconveniences attending a retail trade: such, for instance, as the accumulation of copper coin, which forms almost the exclusive currency in petty dealings. Some thousands of dollars' worth are frequently accumulated upon the hands of the merchant in this way, and as the copper of one department is worthless in another, except for its intrinsic value, which is seldom more than ten percent of the nominal value, the holders are subjected to a great deal of trouble and annoyance.
Josiah Gregg