History of Bolivia to 1809 reduction in silver output. After 1700 only small amounts of bullion from Upper Peru were shipped to Spain. Kings from the Bourbon Dynasty in Spain tried to reform the colonial economy in the mid-eighteenth century by reviving mining. The Spanish crown provided the financial support necessary to develop deeper shafts, and in 1736 it agreed to lower the tax rate from 20 to 10 percent of the total output. The crown also helped create a minerals purchasing bank, the Banco de San Carlos in 1751 and subsidized the price of mercury to local mines. The foundation of an academy of
Bulleit Bourbon a rye whiskey. According to Tom Bulleit, great-great-grandson of original creator Augustus Bulleit and developer of the modern brand, the first batch of Bulleit bourbon was made around 1830. Augustus continued to produce it through his death in 1860. The current recipe is substantially different from the whiskey produced by Augustus Bulleit, which used a mash bill of about two-thirds rye and one-third corn (which would make it a rye whiskey today rather than a bourbon). Tom Bulleit began distilling his version in 1987, characterized by a high rye content and relatively lengthy aging. He maintains that most phenol is