The Spanish try to pay a ransom with an IOU!

>An intermediary was sent into the city under a white flag and found that, [Morgan](https://upload.wikimedia.org/wikipedia/commons/6/6f/Henry_Morgan_in_colour.jpg), who was also seeing his men sicken and die, would not budge from his price: 350,000 pesos, payable immediately, or the city would go up in flames. The negotiations continued back and forth with, at one point, the Spanish cheekily offering to fulfill half their proposed ransom of 100,000 pesos by a bill of exchange, payable sometime in the future by the kingdom’s Italian financiers, the equivalent of giving a kidnapper a personal check. >Morgan declined the offer. ____________________________________ **Source:** Talty, Stephan. “Portobelo.” *Empire of Blue Water: Captain Morgan’s Great Pirate Army, the Epic Battle for the Americas, and the Catastrophe That Ended the Outlaws’ Bloody Reign*. New York: Crown Publishing Group (NY), 2007. 119-20. Print. ____________________________________ **Further Reading:** [Harri Morgan (Henry Morgan)](https://en.wikipedia.org/wiki/Henry_Morgan)