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untry's produce as high, and foreign goods as low as possible--and that public competition can alone accomplish this. Let foreign merchants who bring capital, and those who practise any art or handicraft, be permitted to settle freely; and thus a competition will be formed, from which all must reap advantage. Then will land and fixed property increase in value; the magazines, instead of being the receptacles of filth and crime, will be full of the richest foreign and domestic productions, and all will be energy and activity, because the reward will be in proportion to the labour. Your river will be filled with ships, and the monopolist degraded and shamed. You will bless the day in which Omnipotence permitted the veil of obscurity to be rent asunder, under which the despotism of Spain, the abominable tyranny of the Inquisition, and the want of liberty of the press, so long hid the truth from your sight. Let your customs' duties be moderate, in order to promote the greatest possible consumption of foreign and domestic goods; then smuggling will cease, and the returns to the treasury increase. Let every man do as he pleases as regards his own property, views, and interests; because every individual will watch over his own with more zeal than senates, ministers, or kings. By your enlarged views set an example to the New World; and thus, as Guayaquil is from its situation the _Central Republic_, it will become the centre of the agriculture, commerce, and riches of the Pacific. Guayaquilenos! The liberality of your sentiments, and the justice of your acts and opinions, are a bulwark to your independence more secure than that of armies and squadrons. That you may pursue the path which will render you as free and happy as the territory is fertile, and may be rendered productive, is the sincere wish of your obliged friend and servant, COCHRANE. The English reader may consider a lecture of this nature superfluous to an emancipated people, but the adherence to injurious monoplies, in spite of independence, was one of the most marked features of the South American Republics, and one which I never lost an opportunity of combating. Even the Chilian Republic, which was amongst the first to assert its freedom, increased its monopolistic practices, instead of diminishing them. One or two examples will not be here out of place. English
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