was no machinery in the case, and that all I had to rest my engraved certificate upon was the one hundredth part of the said hole in the ground, with a doubtful title. The last I heard of this agent was, that he was traveling with his wife upon the Rhine. Whether he was in search of machinery or not, I did not stop to inquire. Instead of the above being an extraordinary case, I understand that it is about a fair average of the California gold schemes that have been brought upon the stock-market of New York. If the papers are only drawn up in the proper form, the most prudent men in Wall Street are sometimes found to embark their capital before the question has ever been settled whether gold can be successfully obtained from quartz in California. CHAPTER XXXII. A Visit to the Refining-mills.--The Falls and basaltic Columns of Regla.--How a Title is acquired to Silver Mines.--The Story of Peter Terreros, Count of Regla.--The most successful of Miners.--Silver obtained by fusing the Ore.--Silver "benefited" upon the Patio.--The Tester of the Patio.--The chemical Processes employed.--The Heirs of the Count of Regla.--The Ruin caused by Civil War.--The History of the English Company. We rode along the stone road across the plain, passing now a number of English-made wagons laden with stamped ore for Regla, and then a drove of cargo-donkeys trudging along under the weight of bags filled with the rich ore of Hakal. Now and then, too, we encountered American army-wagons converted to peaceful employment, and adding to the material wealth of Mexico. But our ride was not a long one before we reached Regla, the utmost limit of our journeyings, a distance of twelve miles from the "Real." Here the first salutation from the English gentleman at the head of the establishment was that breakfast was waiting, as it was now eleven o'clock, and we must not visit the works upon an empty stomach. My surprise at this unlooked-for hospitality was a little diminished when I learned that all these entertainments of strangers are at the company's expense. THE FALLS OF REGLA.