Spanish America, From the Earliest Period to the Present Time

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appointed a governor, Garcia de Lerma. At the same time he leased the ambig- uous Venezuela to the house of "Welser. Bartolomaus Wel- ser, the founder of this famous firm of German bankers and commercial agents, who were the Rothschilds of the six- teenth century, had established claims upon the Spanish government by lending the king large sums of money ; Wel- ser had been created a Prince of the Empire, but he was a business man, and desired rewards more concrete. Upon receiving the grant, Dal...finger and Seyler, representing the firm, landed at Coro, on the north coast, east of Lake Mara- caibo, where they heard a story about a chief somewhere in the interior of the country whose title was El Dorado, because he covered his whole body with powdered gold; and it was further said that gold was common as dirt in that country. This story, unlike some others of that age, was founded on fact; there really was a chief up in the moun- tains who, on certain ceremonial occasions, dusted himself over with gold.

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