Such was Pizarro's situation when, in 1522, Andagoya returned from his unfinished enterprise to the south of Panama, bringing back with him more copious accounts than any hitherto received of the opulence and grandeur of the countries that lay beyond.7 It was at this time, too, that the splendid achievements of Cortes made their impression on the public mind, and gave a new impulse to the spirit of adventure. The southern expeditions became a common topic of speculation among the colonists of Panama. But the region of gold, as it lay behind the mighty curtain of the Cordilleras, was still veiled in obscurity. No idea could be formed of its actual distance; and the hardships and difficulties encountered by the few navigators who had sailed in that direction gave a gloomy character to the undertaking, which had hitherto deterred the most daring from embarking in it. There is no evidence that Pizarro showed any particular alacrity in the cause. Nor were his own funds such as to warrant any expectation of success without great assistance from others. He found this in two individuals of the colony, who took too important a part in the subsequent transactions not to be particularly noticed.

One of them, Diego de Almagro, was a soldier of fortune somewhat older, it seems probable, than Pizarro; though little is known of his birth, and even the place of it is disputed. It is supposed to have been the town of Almagro in New Castile, whence his own name, for want of a better source was derived; for, like Pizarro, he was a foundling.8 Few particulars are known of him till the present period of our history; for he was one of those whom the working of turbulent times first throws upon the surface,--less fortunate, perhaps, than if left in their original obscurity. In his military career, Almagro had earned the reputation of a gallant soldier. He was frank and liberal in his disposition, somewhat hasty and ungovernable in his passions, but, like men of a sanguine temperament, after the first sallies had passed away, not difficult to be appeased. He had, in short, the good qualities and the defects incident to an honest nature, not improved by the discipline of early education or self-control.