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This paper offers some evidences about the circulation of capital between Venezuela and Spain at the end of the eighteenth century through the case study of the Spanish merchant Esteban González de Linares (1751-1802). Our sources are private nature: an accounting book and 335 letters. These documents show a wide variety of channels to the transfer of capitals from Venezuela to Spain, both at large operations and small deliveries. González de Linares became, during his stay in Caracas (1785-1791), an important agent in the transfer of savings from the colony. The scarcity of silver and gold in Venezuela during this period justifies that the transfer of capital did promote the export of groceries (cocoa, indigo) and the development of financial markets (orders and bills of exchange). [ABSTRACT FROM AUTHOR]