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One of them was a soldier of fortune named Diego Almagro, an older man than Pizarro, who in his early life had been equally neglected; the other was a Spanish ecclesiastic, Hernando de Luque, a man of great prudence and worldly wisdom, who had, moreover, control of the necessary funds.

The tidings which she brought of the inflexible obstinacy of Pizarro and his followers filled the governor with indignation. He could look on it in no other light than as an act of suicide, and steadily refused to send further assistance to men who were obstinately bent on their own destruction. Yet Luque and Almagro were true to their engagements.

On what grounds they had forfeited their claims to a more ample remuneration, it is not easy to explain. Nothing is said, in the partition, of Almagro himself, who, by the terms of the original contract, might claim an equal share of the spoil with his associate. As little notice is taken of Luque, the remaining partner. Luque himself, was, indeed, no longer to be benefited by worldly treasure.

The terms of partnership were soon agreed upon between these three men, of whom two at least were without fear, if they were not all three without reproach. Luque furnished money needed for the armament of the vessels and the pay of the soldiers, and Almagro bore an equal part in the expense, but Pizarro, who possessed nothing but his sword, was to pay his contribution in another manner.

The Governor was so enraged at the number of lives which this unsuccessful expedition had cost the colony, that he utterly refused the applications of Almagro and De Luque for further help, and sent off two ships, under a cavalier named Tafur, to bring back every Spaniard from Gallo.

It was arranged among the three associates, that the two cavaliers should contribute their little stock towards defraying the expenses of the armament, but by far the greater part of the funds was to be furnished by Luque. Pizarro was to take command of the expedition, and the business of victualling and equipping the vessels was assigned to Almagro.

On the 14th of Nov. 1524, three Spanish adventurers whose names were Francisco Pizarro, in early life a feeder of swine, Diego de Almagro, and Hernando Luque, set sail from Panama for the discovery of Peru. Panama was a new settlement which the Spaniards had formed on the western side of the Isthmus of Darien, on the shores of the Pacific Ocean.

Luque says in his report of this engagement: "The rebels made a strong defense, firing from the tops of houses and along the fences around the city. The Spanish vanguard, under Colonel Hernandez, attacked the vanguard, center and rear guard of the rebels in the central streets of the town, driving them with continuous volleys and fierce cavalry charges into the outskirts of the town.

When he arrived at Panama, he found the government in the hands of Don Pedro de los Rios; and he came to anchor in the harbor, unwilling to trust himself on shore, till he had obtained from Father Luque some account of the dispositions of the executive.

Between these three, then, a compact was made, most of the money being supplied by De Luque, Pizarro taking command of the expedition, and Almagro undertaking the equipment of the ships. Only about a hundred men could be persuaded to join the explorers, and those but the idle hangers-on in the colony, who were eager to do anything to mend their fortunes.