excuse for this oversight.

No one was better pleased than the Admiral. "What did I tell you?" he
says; "you see the mines of Hayna are paying already." King Ferdinand,
equally pleased, and having an urgent need of money in connection with
his operations against France, took the opportunity to cancel the
appropriation of the six million maravedis, giving Columbus instead an
order for the amount to be paid out of the treasure brought home by Nino.
Alas, the mariner's boast of gold had been a figure of speech. There was
no gold; there was only a cargo of slaves, which Nino deemed the
equivalent of gold; and when Bartholomew's despatches came to be read he
described the affairs of Espanola as being in very much the same
condition as before. This incident produced a most unfortunate
impression. Even Columbus was obliged to keep quiet for a little while;
and it is likely that the mention of six million maravedis was not
welcomed by him for some time afterwards.

After the wedding of Prince Juan in March 1497, when Queen Isabella had
more time to give to external affairs, the promise to Columbus was again
remembered, and his position was considered in detail. An order was made
(April 23rd, 1497), restoring to the Admiral the original privileges
bestowed upon him at Santa Fe. He was offered a large tract of land in
Espanola, with the title of Duke; but much as he hankered after titular
honours, he was for once prudent enough to refuse this gift. His reason
was that it would only further damage his influence, and give apparent
justification to those enemies who said that the whole enterprise had
been undertaken merely in his own interests; and it is possible also that
his many painful associations with Espanola, and the bloodshed and
horrors that he had witnessed there, had aroused in his superstitious
mind a distaste for possessions and titles in that devastated Paradise.