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And whereas there were also certaine summes of money taken from the company which they had thus purloyned and embeseled, and the same with some other parcels brought aboord my ship, amounting vnto 2129 pezoes and a halfe, the company as pillage due vnto them demanded to haue the same shared, which I refused, and openly at the maine maste read the articles firmed by my Lord Treasurer and my Lord Admirall, whereby we ought to be directed, and that it was not in mee any way to dispose thereof, vntill the same were finally determined at home.

In the end, however, they agreed; and Almagro supplied Pizarro with seven hundred pezoes of gold, providing him likewise with provisions and ammunition, and other necessaries towards his intended expedition against Peru. Soon after this arrangement with Almagro, Pizarro, and his four brothers before-mentioned, set out with such soldiers and horses as they could procure on their expedition.

Almagro came to Rio de San Juan, in lat. 3° N., where he got 3000 pezoes of gold; and not finding Pizarro, of whom he was in search, he lost heart, and returned to Panama. Pizarro went first to the island of Gorgona, and thence to the isle of Gallo, from whence he proceeded to the river called Rio del Peru, in lat. 2° N. from which the rich and famous country of Peru derives its name.

It is said that Fidalgo sailed for 250 leagues along the coast of this island, which is in the midway-between Mindanao and China, and he reported that the land was fruitful, and well clothed with trees and verdure; and that the inhabitants will give two pezoes of gold for one of silver, although so near China, in which the relative value of these metals is so well understood.

From thence Pizarro sent twenty thousand pezoes of gold to Almagro at Panama, to enable him to send supplies of men, horses, ammunition, and provisions, and went from Coache to the haven named Porte Viejo, where he was joined by Sebastian Benalcazar, with all the supplies he had sent for.

The musketeers at once fired a volley, which killed one of the Englishmen, and sent the other five scattering to the cover of the woods. There was nothing in the pinnace but bread and meat. All the gold pezoes and the bars of silver had been landed. The presence of the boat guard warned the Spanish captain that the main body of the pirates was near at hand.