The Spanish conquest of Peru furnishes one of the most remarkable chapters in the history of audacious villainy. It was the work of successful buccaneers as unscrupulous as any crew of pirates that ever robbed and murdered on the ocean. After their settlements began on the islands and the Atlantic coast, rumors came to them of a wonderful country somewhere at a distance in the west. They knew nothing of another ocean between them and the Indies; the western side of the continent was a veiled land of mystery, but the rumors, constantly repeated, assured them that there was a country in that unknown region where gold was more abundant than iron among themselves. Their strongest passions were moved; greed for the precious metals and thirst for adventures. Balboa was hunting for Peru when he discovered the Pacific, about 1511 A.D. He was guided across the isthmus by a young native chief, who told him of that ocean, saying it was the best way to the country where all the common household utensils were made of gold. At the Bay of Panama Balboa heard more of Peru, and went down the coast to find it, but did not go south much beyond the eighth degree of north latitude. In his company of adventurers at this time was Francisco Pizarro, by whom Peru was found, subjugated, robbed, and ruined, some fifteen or twenty years later. Balboa was superseded by Pedrarias, another greedy adventurer, whose jealousy arrested his operations and finally put him to death. The town of Panama was founded in 1519 by this Pedrarias, chiefly as a point on the Pacific from which he could seek and attack Peru. Under his direction, in 1522, the search was attempted by Pascual de Andagoya, but he failed to get down the coast beyond the limit of Balboa’s exploration. Meanwhile clearer and more abundant reports of the rich and marvelous nation to be found somewhere below that point were circulated among the Spaniards, and their eagerness to reach it became intense. In 1524, three men could have been seen in Panama busily engaged preparing another expedition to go in search of the golden country. These were Francisco Pizarro, a bold and capable adventurer, who could neither read nor write; Diego de Almagro, an impulsive, passionate, reckless soldier of fortune, and Hernando de Luque, a Spanish ecclesiastic, Vicar of Panama, and a man well acquainted with the world and skilled in reading character, acting at this time, it is said, for another person who kept out of view. They had formed an alliance to discover and rob Peru. Luque would furnish most of the funds, and wait in Panama for the others to do the work. Pizarro would be commander-in-chief. The vessels used would necessarily be such as could be built at Panama, and, therefore, not very efficient.