It was no light exploit which Morgan had performed,—to take with five hundred men a fortified city with a large garrison and strengthened by natural obstacles to assault. The ablest general in ordinary war might well have claimed renown for so signal a victory. But the ability of the leader was tarnished by the cruelty of the buccaneer. The people were treated with shocking barbarity, many of them being shut up in convents and churches and burned alive, while the pirates gave themselves up to every excess of debauchery. The great booty gained by this raid caused numerous pirate captains to enlist under Morgan’s flag, and other towns were taken, in which similar orgies of cruelty and debauchery followed. But the impunity of the buccaneers was nearing its end. Their atrocious acts had at length aroused the indignation of the civilized world, and a treaty was concluded between Great Britain and Spain whose chief purpose was to put an end to these sanguinary and ferocious deeds. The first effect of this treaty was to spur the buccaneers to the performance of some exploit surpassing any they had yet achieved. So high was Morgan’s reputation among the pirates that they flocked from all quarters to enlist under his flag, and he soon had a fleet of no fewer than thirty-seven vessels manned by two thousand men. With so large a force an expedition on a greater scale could well be undertaken, and a counsel of the chiefs debated whether they should make an assault upon Vera Cruz, Carthagena, or Panama. Their choice fell upon Panama, as the richest of the three. The city of Panama at that time (1670) was considered one of the greatest and most opulent in America. It contained two thousand large buildings and five thousand smaller, all of which were three stories high. Many of these were built of stone, others of cedar wood, being elegantly constructed and richly furnished. The city was the emporium for the silver- and gold-mines of New Spain, and its merchants lived in great opulence, their houses rich in articles of gold and silver, adorned with beautiful paintings and other works of art, and full of the luxuries of the age. The churches were magnificent in their decorations, and richly embellished with ornaments in gold and silver. The city presented such a prize to cupidity as freebooters and bandits had rarely conceived of in their wildest dreams. [Illustration: STREET IN OLD QUARTER OF PANAMA.] STREET IN OLD QUARTER OF PANAMA.