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When one compares the relative size of America with the rest of the world, it is singular to reflect on the history of those fellow-creatures who are the aborigines of the land; and after viewing the wealth and beauty of so interesting a country, it is painful to consider what the sufferings of the Indians have been, and still may be. Whatever may be their physical or moral character, whether more or less puny in body or in mind than the inhabitants of the old world, still they are the human beings placed there by the Almighty; the country belonged to them, and they are therefore entitled to the regard of every man who has religion enough to believe that God has made nothing in vain, or whose mind is just enough to respect the persons and the rights of his fellow-creatures.
A fair description of the Indians I believe does not exist. The Spaniards, on the discovery of the country, exterminated a large proportion of this unfortunate race; the rest they considered as beasts of burden, and during their short intervals of repose, the priests were ordered to explain to them, that their vast country belonged to the Pope at Rome. The Indians, unable to comprehend this claim, and sinking under the burdens which they were doomed to carry, died in great numbers.
The sudden rise and fall, the unexpected appearance and disappearance, of so many Mining Companies, is a subject which must necessarily occupy a few lines in the future history of our country; and when the exultation of those who have gained, and the disappointment of those who have lost, are alike forgotten, the Historian who calmly relates the momentary existence of these Companies, will only inquire into the general causes of their formation, and the general causes of their failure.
That a commercial error has been committed, no one can deny; and it must also be admitted, that this error was not confined to a few individuals, or to any association of individuals, but like a contagious disease it pervaded all classes of society; and that among the lists of Shareholders in these speculations, were to be found the names of people of the first rank, character, and education in the country.
Experience has at last been purchased at a very great loss, and by it we now learn, that both the formation of these Companies, and their failure, have proceeded from one cause—our Ignorance of the country which was to be the field of the speculation. But although this must be confessed, yet let it also be remembered, that the error was accompanied by all the noble characteristics which distinguish our country.