New Panama Is About Four Leagues From The Old Town, Near The Side Of A River, Being A Very Handsome City, On A Spacious Bay Of The Same Name, Into Which Many Long Navigable Rivers Discharge Their Waters, Some Of Which Have Gold In Their Sands.

The country about Panama affords a delightful prospect from the sea, having a great diversity of hills, vallies, groves, and plains.

The houses are mostly of brick, and pretty lofty, some being handsomely built, especially that inhabited by the president; the churches, monasteries, and other public edifices, making the finest appearance of any place I have seen in the Spanish West Indies. It is fortified by a high stone wall, mounted by a considerable number of guns, which were formerly only on the land side, but have now been added to the side next the sea. The city has vast trade, being the staple or emporium for all goods to and from Peru and Chili; besides that, every three years, when the Spanish armada comes to Porto Bello, the Plate fleet comes here with the treasure belonging to the king and the merchants, whence it is carried on mules by land to Porto Bello, at which time, from the vast concourse of people, everything here is enormously dear.

The Spanish armada, which comes every three years to the West Indies, arrives first at Carthagena, whence an express is dispatched by land to the viceroy at Lima, and two packets are also sent by sea, one for Lima, and the other for Mexico, which last I suppose goes by way of Vera Cruz. That for Lima goes first by land to Panama, and thence by sea to Lima. After remaining sixty days at Carthagena, the armada sails to Porto Bello, where it only remains thirty days to take in the royal treasure brought here from Panama, said to amount to twenty-four millions of dollars, besides treasure and goods belonging to the merchants. From Porto Bello the armada weighs always on the thirtieth day, but the admiral will sometimes stay a week longer at the mouth of the river, to oblige the merchants. It then returns to Carthagena, where it meets the king's money from that part of the country, as also a large Spanish galleon or patache, which, on the first arrival of the armada at Carthagena, had been dispatched along the coast to collect the royal treasure. The armada, after a set stay at Carthagena, sails for the Havannah, where a small squadron called the flota meets it from Vera Cruz, bringing the riches of Mexico, and the rich goods brought by the annual ship from Manilla. When all the ships are joined, they sail for Spain through the gulf of Florida.

Porto Bello is a very unhealthy place, on which account the merchants of Lima stay there as short time as possible. Panama is seated in a much better air, enjoying the sea-breeze every day from ten or eleven in the forenoon till eight or nine at night, when the land-breeze begins, and blows till next morning. Besides, on the land side Panama has an open champaign country, and is seldom troubled with fogs; neither is the rainy season, which continues from May till November, nearly so excessive as at Porto Bello, though severe enough in June, July, and August, in which season the merchants of Peru, who are accustomed to a constant serene air, without rains or fogs, are obliged to cut off their hair, to preserve them from fevers during their stay.

The 21st February, near the Perico islands opposite to Panama, we took another prize from Lavelia, laden with beeves, hogs, fowls, and salt. The 24th we went to the isle of Taboga, six leagues south of Panama. This island is three miles long and two broad, being very rocky and steep all round, except on the north side, where the shore has an easy dope. In the middle of the isle the soil is black and rich, where abundance of plantains and bananas are produced, and near the sea there are cocoa and mammee trees. These are large and straight in their stems, without knots, boughs, or branches, and sixty or seventy feet high. At the top there are many small branches set close together, bearing round fruit about the size of a large quince, covered with a grey rind, which is brittle before the fruit is ripe, but grows yellow when the fruit comes to maturity, and is then easily peeled off. The ripe fruit is also yellow, resembling a carrot in its flesh, and both smells and tastes well, having two rough flat kernels in the middle, about the size of large almonds. The S.W. side of this isle is covered with trees, affording abundant fuel, and the N. side has a fine stream of good water, which falls from the mountains into the sea. Near this there was formerly a pretty town with a handsome church, but it has been mostly destroyed by the privateers. There is good anchorage opposite this town a mile from the shore, in sixteen to eighteen fathoms on soft ooze. At the N.N.W. end is a small town called Tabogilla, and on the N.E. of this another small town or village without a name.

While at anchor near Tabogilla, we were in great danger from a pretended merchant, who brought a bark to us in the night, under pretence of being laden with merchandise to trade with us privately, but which was in reality a fire-ship fitted out for our destruction. But on her approach, some of our men hailed her to come to anchor, and even fired upon her, which so terrified the men that they got into their canoes, having first set her on fire, on which we cut our cables and got out of her way. This fire-ship was constructed and managed by one Bond, who formerly deserted from us to the Spaniards.

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