Having made these arrangements with such conscientious regard to the welfare of the benighted heathen, Pizarro gave his infant city the name of San Miguel, in acknowledgment of the service rendered him by that saint in his battles with the Indians of Puna. The site originally occupied by the settlement was afterward found to be so unhealthy, that it was abandoned for another on the banks of the beautiful Piura. The town is still of some note for its manufactures, though dwindled from its ancient importance; but the name of San Miguel de Piura, which it bears, still commemorates the foundation of the first European colony in the empire of the Incas. Before quitting the new settlement, Pizarro caused the gold and silver ornaments which he had obtained in different parts of the country to be melted down into one mass, and a fifth to be deducted for the Crown. 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.