Pedrarias had been originally interested in the enterprise, at least, so far as to stipulate for a share of the gains, though he had not contributed, as it appears, a single ducat towards the expenses. He was at length, however, induced to relinquish all right to a share of the contingent profits. But, in his manner of doing so, he showed a mercenary spirit, better becoming a petty trader than a high officer of the Crown. He stipulated that the associates should secure to him the sum of one thousand pesos de oro in requital of his goodwill, and they eagerly closed with his proposal, rather than be encumbered with his pretensions. For so paltry a consideration did he resign his portion of the rich spoil of the Incas! *2 But the governor was not gifted with the eye of a prophet. His avarice was of that short-sighted kind which defeats itself. He had sacrificed the chivalrous Balboa just as that officer was opening to him the conquest of Peru, and he would now have quenched the spirit of enterprise, that was taking the same direction, in Pizarro and his associates. [Footnote 2: Such is Oviedo's account, who was present at the interview between the governor and Almagro, when the terms of compensation were discussed. The dialogue, which is amusing enough, and well told by the old Chronicler, may be found translated in Appendix, No. 5. Another version of the affair is given in the Relacion, often quoted by me, of one of the Peruvian conquerors, in which Pedrarias is said to have gone out of the partnership voluntarily, from his disgust at the unpromising state of affairs. "Vueltos con la dicha gente a Panama, destrozados y gastados que ya no tenian haciendas para tornar con provisiones y gentes que todo lo habian gastado, el dicho Pedrarias de Avila les dijo, que ya el no queria mas hacer compania con ellos en los gastos de la armada, que si ellos querian volver a su costa, que lo hiciesen; y ansi como gente que habia perdido todo lo que tenia y tanto habia trabajado, acordaron de tornar a proseguir su jornada y dar fin a las vidas y haciendas que les quedaba, o descubrir aquella tierra, y ciertamente ellos tubieron grande constancia y animo." Relacion del Primer. Descub., Ms.]