I have the same problem here and I have a 2 gig computer.
The real problem here is that DOSBox emulate a fast 486 or a slow pentium... And altough you can run the game fine, it's still pretty much the minimum requirement for Conquest of the New World and that's why it's running slow.
I fear that I don't have an alternative for you. There is a new version of DOSBox in the development tough, maybe with the next version it will work better.
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