Not long before this, an event had occurred which changed the condition of the Spaniards, and had an unfavorable influence on the fortunes of the Inca. This was the arrival of Almagro at Caxamalca, with a strong reinforcement. That chief had succeeded, after great efforts, in equipping three vessels, and assembling a body of one hundred and fifty men, with which he sailed from Panama, the latter part of the preceding year. On his voyage, he was joined by a small additional force from Nicaragua, so that his whole strength amounted to one hundred and fifty foot and fifty horse, well provided with the munitions of war. His vessels were steered by the old pilot Ruiz; but after making the Bay of St. Matthew, he crept slowly along the coast, baffled as usual by winds and currents, and experiencing all the hardships incident to that protracted navigation. From some cause or other, he was not so fortunate as to obtain tidings of Pizarro; and so disheartened were his followers, most of whom were raw adventurers, that, when arrived at Puerto Viejo, they proposed to abandon the expedition, and return at once to Panama. Fortunately, one of the little squadron which Almagro had sent forward to Tumbez brought intelligence of Pizarro and of the colony he had planted at San Miguel. Cheered by the tidings, the cavalier resumed his voyage, and succeeded, at length, towards the close of December, 1532, in bringing his whole party safe to the Spanish settlement.

He there received the account of Pizarro's march across the mountains, his seizure of the Inca, and, soon afterwards, of the enormous ransom offered for his liberation. Almagro and his companions listened with undisguised amazement to this account of his associate, and of a change in his fortunes so rapid and wonderful that it seemed little less than magic. At the same time, he received a caution from some of the colonists not to trust himself in the power of Pizarro, who was known to bear him no good-will.