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Updated: June 23, 2025
There were no export duties, and although, during this period, the growing manufacture of beet-root sugar was lowering the price of "mascabado" all over the world, no effect was felt in Puerto Rico, because it was the nearest market to the United States, where the civil war had put an end to the annual product by the Southern States of half a million bocoyes, or about 675,000,000 gallons; and the abolition of all import duties on sugar in England also favored the maintenance of high prices for a number of years.
The cost of constructing the canal de Guines was estimated in 1796 at one million, or 1,200,000 piastres: it is now thought that the expense would amount to more than one million and a half. The productions which might annually pass the canal have been estimated at 75,000 cases of sugar, 25,000 arrobas of coffee, and 8000 bocoyes of molasses and rum.
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