The remainder, which belonged to the troops, he persuaded them to relinquish for the present; under the assurance of being repaid from the first spoils that fell into their hands.6 With these funds, and other articles collected in the course of the campaign, he sent back the vessels to Panama. The gold was applied to paying off the ship-owners, and those who had furnished the stores for the expedition. That he should so easily have persuaded his men to resign present possession for a future contingency is proof that the spirit of enterprise was renewed in their bosoms in all its former vigor, and that they looked forward with the same buoyant confidence to the results.

In his late tour of observation, the Spanish commander had gathered much important intelligence in regard to the state of the kingdom. He had ascertained the result of the struggle between the Inca brothers, and that the victor now lay with his army encamped at the distance of only ten or twelve days' journey from San Miguel. The accounts he heard of the opulence and power of that monarch, and of his great southern capital, perfectly corresponded with the general rumors before received;and contained, therefore, something to stagger the confidence, as well as to stimulate the cupidity, of the invaders.

Pizarro would gladly have seen his little army strengthened by reinforcements, however small the amount; and on that account postponed his departure for several weeks. But no reinforcement arrived; and, as he received no further tidings from his associates, he judged that longer delay would, probably, be attended with evils greater than those to be encountered on the march; that discontents would inevitably spring up in a life of inaction, and the strength and spirits of the soldier sink under the enervating influence of a tropical climate. Yet the force at his command, amounting to less than two hundred soldiers in all, after reserving fifty for the protection of the new settlement, seemed but a small one for the conquest of an empire. He might, indeed, instead of marching against the Inca, take a southerly direction towards the rich capital of Cuzco. But this would only be to postpone the hour of reckoning. For in what quarter of the empire could he hope to set his foot, where the arm of its master would not reach him? By such a course, moreover, he would show his own distrust of himself. He would shake that opinion of his invincible prowess, which he had hitherto endeavored to impress on the natives, and which constituted a great secret of his strength; which, in short, held sterner sway over the mind than the display of numbers and mere physical force. Worse than all, such a course would impair the confidence of his troops in themselves and their reliance on himself. This would be to palsy the arm of enterprise at once. It was not to be thought of.