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 arent noted in any scientific source, will certainly attract interest of the worlds scientists and this discovery will have special significance.

The writer, researcher and publicist Ramiz Daniz was born in Baku in 1965. He has been a President grant holder since 2009 and he is a laureate of the "Golden pen" award. Ramiz Daniz was a participant of Karabakh war. He works in the Oil Refining Factory of SOCAR.