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A Life TogetherLucas Alaman and Mexico, 1792-1853$
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Eric Van Young

Print publication date: 2021

Print ISBN-13: 9780300233919

Published to Yale Scholarship Online: September 2021

DOI: 10.12987/yale/9780300233919.001.0001

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The United Mexican Mining Association (1824–1830)

(p.255) 10 Shafted
A Life Together

Eric Van Young

Yale University Press

This chapter is devoted exclusively to Alamán’s efforts between the early 1820s and about 1830 to revive the Mexican silver mining industry on the basis of massive capital injections by British investors. The company he managed in Mexico between about 1825 and 1830 was the United Mexican Mining Association, one of the largest among a flock of such companies. The managerial, financial, and technical aspects of this company are discussed in detail, embracing Alamán’s relations with the British brokers of the company’s stock and his fellow managers, all Englishmen. His hopes of making a personal fortune from the enterprise did not materialize, and he left the concern over managerial differences in 1830, probably disillusioned by the experience with the idea that a revived silver-mining industry would restore Mexican economic prosperity after the destruction wrought by the decade of insurgency.

Keywords:   Unida, Silver, Mining, British investment

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