Philadelphia, Pa. Paper - The Vallecillo Mines, Mexico.

I have thought it well to lay before the Institute some account of the Vallecillo Mines, now, I believe, the only paying ones in American hands in northeastern Mexico, including the States of Nuevo Leon, Coahuila and Tamaulipas. The authentic history of these mines dates from their ownership by an American Company in the year 1851, when they were bought by the Vallecillo Silver Mining Company of New York. They had been worked before by the Spaniards, but had been abandoned for many years, on account of the heavy expense of drainage and the constant incursions of the Indians. The company commenced work with several well-known New York capitalists among its stockholders, and had a large fund of both money and enthusiasm. The first point of attack was at a shaft on a mine known as the Jesus Maria, which had the most favorable traditions. Extensive buildings were put up, and two sets of pumps were successively tried. After the second pump, with a steam-cylinder 5 feet in diameter and 10 feet stroke and a plunger 20 inches in diameter, had failed to do more than hold the water, with infinite labor, at the 250 feet level, and after a thorough exploitation of the whole mine above that level had failed to yield more than some $30,000 worth of ore, it was resolved to abandon the effort. Operations were accordingly transferred to the old Dolores shaft, at a point about 21/2 miles to the