Throughout early modern Europe, one of the most extraordinary royal fund-raising schemes was the seizure and sale of church property to finance foreign wars. The monarchs of Habsburg Spain extended these seizures to municipal property and used the revenue to maintain their empire. They sold charters of autonomy to hundreds of villages, thus converting them into towns, and sold towns to private buyers, thus increasing the number of seigniorial lords. In Hapsburg Spain, therefore, absolutism did not mean centralization. Rather, the kings invoked their absolute power to decentralize authority and allow their subjects a surprising degree of autonomy.

The founding of la Villa Rica de la Veracruz (the rich town of the True Cross) is prominently mentioned in histories of the conquest of Mexico, but scant primary documentation of the provocative act exists. During a research session at the Spanish archives, when John Schwaller discovered an early-sixteenth-century letter from Veracruz signed by the members of Cortes's company, he knew he had found a trove of historical details. Providing an accessible, accurate translation of this pivotal correspondence, along with in-depth examinations of its context and significance, The First Letter from New Spain gives all readers access to the first document written from the mainland of North America by any European, and the only surviving original document from the first months of the conquest. The timing of Cortes's Good Friday landing, immediately before the initial assault on the Aztec Empire, enhances the significance of this work. Though the expedition was conducted under the authority of Diego Velazquez, governor of Cuba, the letter reflects an attempt to break ties with Velazquez and form a strategic alliance with Carlos V, the Holy Roman Emperor and King of Spain. Brimming with details about the events surrounding Veracruz's inception and accompanied by mini-biographies of 318 signers of the document-socially competitive men who risked charges of treason by renouncing Velazquez-The First Letter from New Spain gives evidence of entrepreneurship and other overlooked traits that fueled the conquest.