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The islands of Margareta, Cubagua, Coche, Punta Araya, and the mouth of the Rio la Hacha, were, in the sixteenth century, as celebrated as were the Persian Gulf and the island of Taprobana among the ancients. It is incorrectly alleged by some historians that the natives of America were unacquainted with the luxury of pearls.

Macarapan, anciently called Amaracapana, Cumana, Araya, and particularly New Cadiz, built on the islet of Cubagua, might then be considered as commercial establishments for facilitating the slave trade.

The men would gladly have hawked awhile round Margarita and Cubagua for another pearl prize. But Amyas having, as he phrased it, "fleshed his dogs," was loth to hang about the islands after the alarm had been given.

With this punishment the fears of the people in San Juan were considerably allayed. In 1536 Sedeño led an expedition against the Caribs of Trinidad and Bartholomé. Carreño fitted out another in 1539. He brought a number of slaves for sale, and the crown officers asked permission to brand them on the forehead, "as is done in la Española and in Cubágua." The Indians returned assault for assault.

Fortunately there was deep water in the passage, and the strength of the current carried them safely through. Once outside they bore away to the northward, sighting the islands of Tobago and Grenada and, turning westward again, came to the islands of Cubagua and Margarita, where three pounds of pearls were bartered from the natives.

At present, downs of shifting sand cover this uninhabited land, and the name of Cubagua is scarcely found in our charts. Having reached these latitudes, we saw the high mountains of Cape Macanao, on the western side of the island of Margareta, which rose majestically on the horizon.

So he hired a mason to build one; but the people on Cubagua found out what was going on and bribed the man to stop work and come away, leaving the fort unfinished. Things grew worse and worse, and all felt that something must be done. The head of the Franciscans kept urging Las Casas to go to San Domingo and get the officers there to help them.

There the Spaniards, immediately after the voyages of Columbus and Ojeda, founded, under the name of New Cadiz, a town, of which there now remains no vestige. At the beginning of the sixteenth century the pearls of Cubagua were known at Seville, at Toledo, and at the great fairs of Augsburg and Bruges.

The pearls of the East were preferred to those of the West; but the number of the latter which circulated in commerce was nevertheless considerable at the period immediately following the discovery of America. In Italy as well as in Spain, the islet of Cubagua became the object of numerous mercantile speculations.

At last he arrived at a place which the natives told him was called Paria, and where they also informed him that, to the westward, the country was more populous. Proceeding onwards, the admiral came to a place where the women had pearl bracelets, and, on his enquiring where these came from, they made signs, directing him out of the Gulf of Paria towards the island of Cubagua.