industry was formed, but the obstacles thrown in the way of every proposal were so great, that the members all abandoned it in despair, excepting only the Señor Don Esteban Antuñano, who was determined himself to establish a manufactory of cotton, to give up his commercial relations, and to employ his whole fortune in attaining this object.
He bought the mill of Santo Domingo for one hundred and seventy-eight thousand dollars, and began to build the edifice, employing foreign workmen at exorbitant prices. In this he spent so much of his capital, that he was obliged to have recourse to the Bank of Avio for assistance. This Bank (Avio meaning pecuniary assistance, or advance of funds,) was established by Don Lucas Alaman, and intended as an encouragement to industry. But industry is not of the nature of a hothouse plant, to be forced by artificial means; and these grants of funds have but created monopolies, and consequently added to the general poverty. Machinery, to the amount of three thousand eight hundred and forty spindles, was ordered for Antuñano from the United States, and a loan granted him of one hundred and seventy-eight thousand dollars, but of which he never received the whole. Meanwhile his project was sneered at as absurd, impossible, ruinous; but, firmly resolved not to abandon his enterprise, he contented himself with living with the strictest economy, himself and his numerous family almost suffering from want, and frequently unable to obtain credit for the provisions necessary for their daily use.
To hasten the arrival of the machinery, he sent
