Note XV-18 — Chapter XV · REPUBLIC OF HONDURAS. 1840-1865.

The Spaniards knew but little of this region, believing it unhealthy, and had hardly made any attempts themselves to cut wood there. Cancelada, Tel. Mexicano, 104-11, computed at nearly twenty-two million dollars the loss sustained by Spain to 1812, including in that sum the original cost, and the resulting profits which had accrued, mostly to the English.