REPORTS OF A fabulous Silver Mountain and a White King somewhere in the interior of the continent fascinated and attracted the conquistadores of southern South America. After years of hardships, intrigues, and delays, the weary followers of Domingo Martinez de Irala finally reached Upper Peru, only to learn that three years earlier-in 1545-Spaniards from the north had discovered the mountain of Potosi. With dreams of wealth shattered, the disheartened conquistadores of the south returned to their home base of Asuncion to take up the more prosaic task of agriculture and to cope with the problem of Paraguay's isolation. As they reoccupied the southern Plata, the settlers of Paraguay once more dreamed of acquiring the wealth of the interior. They refounded Buenos Aires in 1580, and shortly thereafter an extensive contraband traffic developed at the back door to Peru. Paraguayans soon learned, however, that Potosi's treasures had again escaped them. Unable to control the illegal trade at the port, these frustrated colonists became bitter and hostile toward outsiders who usurped the traffic and took unfair advantage of them. This study will analyze the anti-contrabaild sentiments of Platine cattlemen in three periods of the seveinteenth ceiltury in order to account for Spailn's strenlgth in that area and the fierce resistance of her colonials to Portuguese aspirations in the Rlo de la Plata.
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