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From an entry in an account-book belonging to the Bishopric of Palencia, it appears that one million one hundred and forty thousand maravedis were advanced by Santangel in May, 1492, "being the sum he lent for paying the caravels which their highnesses ordered to go as the armada to the Indies, and for paying Christopher Columbus, who goes in the said armada."

The treaties with the Portuguese crown in regard to the demarcation and the Moluccas must be strictly obeyed. The agreement with Mendoza, viceroy of New Spain, that he shall have a one-third interest in the fleet is confirmed. No excise duty is to be levied "for ten years, and until we order to the contrary." A hospital is provided for by one hundred thousand maravedís taken from fines.

The poor gentleman has no way of showing that he is a gentleman but by virtue, by being affable, well-bred, courteous, gentle-mannered, and kindly, not haughty, arrogant, or censorious, but above all by being charitable; for by two maravedis given with a cheerful heart to the poor, he will show himself as generous as he who distributes alms with bell-ringing, and no one that perceives him to be endowed with the virtues I have named, even though he know him not, will fail to recognise and set him down as one of good blood; and it would be strange were it not so; praise has ever been the reward of virtue, and those who are virtuous cannot fail to receive commendation.

As in Italy at about the same time, and notably in Florence, extravagant wedding feasts were condemned, no presents of garments were permitted, and the whole cost of a bride's trousseau could not exceed sixty maravedis, a maravedi being a gold coin containing about sixty grains of the yellow metal.

Perez de Marchena had ready access to Queen Isabella, and pressed his suit well. He was supported by one of her favorites, the Marquesa de Moya. In reply to their solicitations, she asked that Columbus should return to her, and ordered that twenty thousand maravedis should be sent to him for his traveling expenses. This sum was immediately sent by Perez to his friend.

Catalonian wine-sellers, their queer-shaped kegs upon their backs, bartered their liquor for the copper coin of the thirsty soldiers; pedlars displayed their wares, and sardineras vaunted their fish; ballad-singers hawked about copies of patriotic songs; mahogany-coloured gitanas executed outlandish, and not very decent, dances; whilst here and there, in a quiet nook, an itinerant gaming-table keeper had erected his board, and proved that he, of all others, best knew how to seduce the scanty and hard-earned maravedis from the pockets of the pleasure-seeking soldiery.

In the reign of Ferdinand and Isabella the mark of silver, which was equal to 8 ounces or to 50 castellanos, was divided into 65 reals, and each real into 34 maravedis; so that there were 2210 maravedis in the mark of silver. Among other silver coins there was the real of 8, which consisting of 8 reals, was, within a small fraction, the eighth part of a mark of silver, or one ounce.

Many a nobleman that Columbus must have rubbed shoulders with in his years at Court could have furnished the whole sum out of his pocket and never missed it; yet Columbus had to wait years and years before he could get it from the Crown. Still more amazing, this sum was not all provided by the Crown; 167,000 maravedis were found by Columbus, and the Crown only contributed one million maravedis.

King Ferdinand, equally pleased, and having an urgent need of money in connection with his operations against France, took the opportunity to cancel the appropriation of the six million maravedis, giving Columbus instead an order for the amount to be paid out of the treasure brought home by Nino. Alas, the mariner's boast of gold had been a figure of speech.

And when at last, in October 1496, six million maravedis were provided wherewith Columbus might equip his fleet, they were withdrawn again under very mortifying circumstances. The appropriation had just been made when a letter arrived from Pedro Nino, who had been to Espanola and come back again, and now wrote from Cadiz to the Sovereigns, saying that his ships were full of gold.