The story of the bonanza kings makes interesting reading. They made money so fast that it was almost impossible to spend it except over the gaming table, in those days before the invention of modern surplus-reducing luxuries. One man, Zambrano, discovered a mine that made him extremely wealthy. Although he lived in the various capitals of Europe as extravagantly as the age permitted, yet he left a comfortable little fortune of $60,000,000 for his heirs to fight over. He even proposed to lay a sidewalk of silver bars in front of his house, but the authorities objected. He took out fifty-five million ounces of silver from one mine in twelve years as is shown by the government records.
Many of those who accumulated great fortunes were made grandees of Spain and some of the present titled families in that country are descendants of the famous bonanza kings of Mexico. Juan de Oñata who colonized New Mexico at his own expense, founding Santa Fe, and became its first governor about 1598, was a son of one of the mining kings, and the wealth dug out of the earth in old Mexico by his father furnished the means for founding that state.
Joseph de la Borda was one of the romantic characters of this age. He was a wandering Frenchman who came from Canada in the first half of the eighteenth century and no one ever learned anything further about him. He made three fortunes and lost two of them because of his lavish gifts, most of which went to the church. He built several large churches in what is now the state of Hidalgo. After losing his second fortune, the Archbishop of Mexico gave him permission to sell a magnificent diamond-studded ornament that he had given to the church in Tasco. From this he realized $100,000, and after a great deal of prospecting, finally discovered another rich mine which yielded him many more millions.
Pedro Romero de Terreros, from a humble shopkeeper, became Count of Regla, after acquiring great wealth from his mine, La Viscayne. He built two large ships, one of one hundred and twelve guns, and presented them to his sovereign. He also loaned the crown $1,000,000 as freely as a man gives a friend a dollar, which sum the king never found it convenient to repay. In later life he founded the national pawn-shop, which he called the Mount of Piety and which has grown to be such a great humanitarian institution in the capital and other cities.
The Conde de Valenciana who discovered the famous Valenciana mine of Guanajuato is reported to have made and spent $100,000,000 in a few years. One man discovered a rich mine on his ranch near Durango that rendered him immensely wealthy. He sent a present of $2,000,000 to the king of Spain and asked permission to build galleries and portales of silver around his fine new home. This was refused on the ground that such display was the privilege of royalty only.
A Guanajuato miner paved the street with silver ingots for a distance of sixty yards for the procession to pass over on their way to the church on the occasion of the christening of his son. Another story is told of a mining king who, on a similar occasion, paved the main aisle of the church with bars of silver for the baptismal party to walk upon. After the ceremony he wanted to remove the silver bars, but the wily priest told him that it would be an act of impiety which the Almighty would surely punish. It was not done and the occasion proved to be an expensive christening for the crœsus. Godfathers became so reckless in throwing away money that one viceroy issued a proclamation forbidding them to fling handfuls of money in the street as had been their custom, because such acts encouraged improvidence.
I have seen the statement that there is one man at Mazatlan to-day who owns a mine whose entrance is protected by massive walls and gates. Whenever he wants a hundred thousand or so of lucre, he simply takes in a few miners and digs out the ore and then gambles it away.
There is one noted mining king of to-day, Pedro Alvaredo, a full-blooded Indian, who is known as the peon millionaire. A few years ago a mine that he owned “bonanzad,” as they call it, and he became immensely wealthy. However, he and his wife still dress in the peon clothes to which they were accustomed. He has built a mansion and furnished it with every kind of musical instrument to be obtained, including many makes of pianos. A few years ago he announced that he would pay off the national debt, but he found it a little too large.
The Spaniards worked only the very richest of the mines. They would not touch ore that did not yield nearly a hundred ounces to the ton. Their early methods were of the very crudest sort until the “patio” process was discovered and came into general use. If difficulties were met with in mining, these men simply worked around them and left great amounts of rich quartz untouched. The ore was so plentiful that they did not attempt to do their operations in a thorough manner. However they protected the entrance by building great fortifications around the shafts, that look like the walled cities of old and were patrolled by armed guards. Vast shafts were constructed down which run ladders. The poor peon toils up these ladders which sometimes aggregate more than a thousand rounds carrying a rawhide sack on his back containing two hundred and fifty pounds of ore without a rest, and will make several trips a day. In early times the natives were compelled to work in these mines to all intents and purposes as slaves, and were beaten and flogged even to death if they refused to obey their taskmasters. At night each peon was searched for fear he might conceal some of the precious metal. However as their costume was exceedingly simple the search was a very easy matter. The mines were cleared of water in the same way by the peons carrying it up these long ladders in rawhide buckets. Many mines were abandoned on account of water in those days long before their wealth was exhausted. Transportation was slow and expensive, and the mountain trails were kept dusty by the long trains of pack mules transporting treasures and supplies.