One of the most admirable and practical charities established in the Mexican capital is known as the Monte de Piedad, which is simply a national pawn-shop. The title signifies, "The Mountain of Mercy." It was originally founded more than a century since by Count Regla, the owner of the famous silver mine of Real del Monte, who gave the sum of three hundred thousand dollars for the purpose, in order that the poor and needy of the population of this city might obtain advances of money on personal property at a low and reasonable rate of interest. Any article deposited for this purpose is valued by two disinterested persons, and about three fourths of its intrinsic worth is promptly advanced. If the owner ceases to pay the interest on the loan, the article in pawn is kept six months longer, when it is exposed for sale at a marked price. After six months more have expired, if the article is not disposed of, it is sold at public auction, and all that is realized above the sum which was advanced, together with the interest, is placed to the original owner's credit. This sum, if not called for within a given time, reverts to the bank. The capital of the institution has more than doubled since its organization, but the amount of good which it has been the means of accomplishing cannot be estimated. Its first effect was to break up all the private pawn-brokers' establishments which charged usurious interest for money, its own rates being placed at a low figure, intended barely to meet necessary expenses. These exceedingly low rates have always been scrupulously maintained. The average annual loans on pledges amount to a million dollars, distributed among about fifty thousand applicants. The establishment is also a sort of safe deposit. All the goods in its vaults have not been pawned. As the place is a sort of fortress in its way, many valuables are here stored for safe-keeping. One dollar is the smallest sum that is loaned, and ten thousand dollars is the largest. The loans will average from two to three hundred daily. It appears that one third of the merchandise deposited is never redeemed. Among other articles of this class is the diamond snuff-box which was presented to Santa Anna when he was Dictator, and which cost twenty-five thousand dollars. Tourists often call in at the Monte de Piedad, looking for bargains in bricabrac, and sometimes real prizes are secured at very reasonable cost. A gentleman showed the writer an old, illuminated book, of a religious character, entirely illustrated by the hand of some patriot recluse, which was marked five dollars, and upon which probably four dollars had been loaned to the party who deposited it. The time for its redemption had long since expired, and our friend gladly paid the sum asked for it. He said he should take it to the Astor Library, New York, where he felt confident of receiving his own price for it, namely, one hundred dollars: "Then," said he, "I will give the money to some worthy charity in my native city." The volume had undoubtedly been stolen, and pawned by the thief. Possession is considered to be _bona fide_ evidence of ownership, and unless circumstances are very suspicious, money is nearly always advanced to the applicant on his or her deposit.