Guayaquil, in Ecuador, was the first stopping-place of the steamer, four days from Panama. Frank suggested that it was a good time to refresh their memories, or add to their knowledge, of the history of this part of the world; Fred agreed with him, and thought they would do well to begin with Vasco Nunez de Balboa, the discoverer of the Pacific Ocean. The Doctor gave his approval, and the principal part of the second day at sea was devoted to that enterprising explorer. While Frank read from Balboa's biography, Fred took notes of the most important parts of the story, which were as follows:

"Vasco Nunez de Balboa was a Spanish nobleman, who dissipated his fortune, and ran away from home to avoid imprisonment for debt. He was born in 1475, and sailed for the New World soon after the return of Columbus from his fourth voyage.

"In 1510, Martin Fernandez De Enciso sailed for the colony of Carthagena, which had been established a few years earlier. He found in its harbor a brigantine which contained the remnants of a colony established farther down the coast, but abandoned in consequence of the hostility of the natives and the difficulty of procuring food. The leader of this party was Francisco Pizarro, whose name is known to every reader of South American history, in connection with the conquest of Peru.

BALBOA CARRIED ON SHIPBOARD.

"After a short delay in Carthagena, Enciso sailed for St. Sebastian, accompanied by Pizarro's brigantine. An hour or two before the vessel was to leave port some men brought a cask on board, and it was lowered into the hold with the rest of the provisions. When the ship was fairly out at sea the end of the cask was pushed out, and, instead of edibles for the crew, there appeared the form and figure of a man!

BALBOA MAKES HIS APPEARANCE.