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The project of establishing a city and free port here was considered in 1883 and a comprehensive concession was granted with this object in view, but nothing was done and the concession lapsed. San Lorenzo Bay is also called Bahia de las Perlas, from the pearls found in its waters in the early-days; it is related that in 1531 five pecks were sent to Spain as the royal fifth.
In October 1544 six French vessels attacked the town of Santa Maria de los Remedios, near Cape de la Vela, but failed to take it in face of the stubborn resistance of the inhabitants. Yet the latter a few months earlier had been unable to preserve their homes from pillage, and had been obliged to flee to La Granjeria de las Perlas on the Rio de la Hacha.
But fortune only partly favored them, for many had lost all the wealth which they had gathered in their career of piracy, their very clothes hanging in rags about their limbs. Some, indeed, had been more fortunate or more adroit in their singular navigation, but, as a whole, they were a woe-begone and miserable party when, a few days afterwards, they reached the isle of Perlas.
Hojeda, after some ineffectual attempts to hold intercourse with the natives, with whom he had several skirmishes, next saw the Island of Margarita; after sailing about 250 miles to the east of the river Orinoco he reached the Gulf of Paria, and entered a bay called the Bay of Las Perlas, from the natives of that part being employed in the pearl fisheries.
They were furnished with matter and stuff from the hands of the Lord Nausiclete, who every year brought them seven ships from the Perlas and Cannibal Islands, laden with ingots of gold, with raw silk, with pearls and precious stones.
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