The Spanish monarchs cancelled monopoly of Columbus on the coasts of the
New World when he was suppressing rebellion in the lands, he discovered.
The Spanish officials cancelled the contract signed with the admiral on
April 10, 1495 during his second travel (1493-1496). Some captains and
navigators, who once were colleagues of Columbus, used this opportunity
and began to organize expeditions towards the other side of the Atlantic
Ocean as his rivals. That decision resulted in losses for the creditors
of Columbus too. Mostly his compatriots financed his travels. It is
known that, the first travel of Columbus (1492-1493) was financed by
Luis de Santángel - financial adviser and treasu-rer of the kingdom, who
was close to the king Ferdinand, and Francesco Pinelli, who was known in
Spain as Pinelo. The material including rich historical facts and some
facts, which aren't noted in any scientific source, will certainly
attract interest of the world's scientists and this discovery will have
special significance.