The first Spaniard that landed here was Grijalva,[1] in 1518, in a trading expedition fitted out by Valasquez, Governor of Cuba. He was so successful in his traffic with the natives, as to obtain, in exchange for a few trinkets, $14,000 worth of gold dust. His success so encouraged Valasquez, that he fitted out a much larger expedition the following year, the command of which he gave to Hernando Cortéz, of whom we shall have occasion to speak more at large hereafter. Cortéz, at first, landed on the island of Ulua, in front of the site of the present city. But when he commenced his conquest he transported his boats to the mouth of the river Antigua, where he founded his intended city, a little way below the place where the national bridge now stands, and gave it the name of the Rich City of the True Cross (Villa Rica de Vera Cruz); and there it was where he destroyed his little vessels. Ninety years after the conquest of Mexico, the Marquis De Monterey removed the port back to Ulua, and founded the present city of Vera Cruz. It was at first built of wood, but having been several times burned down, it was at length built of its present material--a porous stone full of animal remains, obtained from the bottom of the harbor. This stone, when laid in and covered over with cement, forms a very durable building-material. The castle, which stands upon the island of Ulua, is now fast going to decay.
As a fortification it is no longer of great value,[2] although it is computed that more than $16,000,000 was expended in its erection. In fact, its only present practical advantage is derived from the light-house which stands upon one of its towers.
This town, although it has been the terror of seafaring men for the last three hundred years, has, for a like period of time, enjoyed an enviable commerce. Nearly three-fourths of all the silver that has been shipped to Europe from America during that long period has been sent from this port, besides the other productions of the country, such as cochineal, vanilla, wood of Tobasco, sarsaparilla, and jalap. To all this we must add that all the trade of Spain with Japan, China, and the Philipine Islands, was carried across Mexico from Acapulco, on the Pacific, to be shipped from Vera Cruz to Spain. During the long period we have named, this was the only port on the Atlantic side where foreign commerce was allowed; and this was restricted to Spain alone, and to a single fleet of merchant ships that came and went annually, until about fifty years before the Mexican independence, when free commerce was allowed with all the Spanish world. From a history of the commerce of Vera Cruz, just published at Mexico, I find that its annual average did not vary greatly from $12,000,000 importations against $18,000,000 exportations. The extra $6,000,000 being about the annual average of the royal revenue derived from New Spain, as this country was then called. Silver constituted the bulk of this $18,000,000, both in weight and in value. During the last fifty years of Spanish dominion, this commerce, extended, as we have said, to all Spanish possessions, was monopolized by a company of merchants styled the Consulado of Vera Cruz. Under the management of this company it averaged as high as $22,000,000. The revolution broke up this monopoly, and almost annihilated the commerce of this port, but it rapidly revived after the Spaniards were driven out of the castle, and from this time it has gone on increasing, until now it amounts to $26,000,000; the imports and exports being equal, as there is now no King's revenue. This commerce is now carried on principally with the United States, since the establishment of a line of steamers to New Orleans. The most important article of importation is raw cotton, for the supply of the great manufactories in the interior of Mexico. The silver goes principally to England, and is drawn again in favor of the cotton purchaser. There is also a large import trade in agricultural implements, steam-machinery for the sugar-mills and the silver mines, besides heavy importation of silks and wines from France and Spain. With this hasty notice we are compelled to quit a subject which is the theme of a most interesting volume.