Made bold by his success in this matter, Cortes now resolved that Montezuma should declare himself subject to the King of Spain. He went to him, and told him that it was his desire that he should acknowledge the authority of the King of Spain over him, and subject his kingdom to a yearly tribute in token of dependence. The poor captive monarch, in great sorrow, soon assented to this. He called all his lords and nobles together in a great hall in the Spanish quarters. With sobs and tears, he reminded them of the old tradition that the sons of Quetzalcoatl were to come and rule the Mexican empire; that he held it, as they knew, only till that time; the time was now come; the Spaniards (he believed) were the sons of Quetzalcoatl, and he was ready to recognise the title of the King of Spain over his dominions. His chiefs and lords heard this declaration in silent grief; yet they gave their consent; for, like the King, they believed the tradition: they were afraid to resist. Montezuma informed Cortes that on the next day they would all swear allegiance to the Spanish King. Accordingly, on the day following, it was done in the presence of all the Spanish officers, and even their hearts (it is said) were moved when they witnessed the sorrow of Montezuma as he took that oath.
One step led on to another. Cortes next resolved to persuade him that it was right and proper that his empire should send a rich present of jewels, gold, and silver, to the King of Spain. It was soon done. To this also he assented: he brought forward his own treasures liberally, at the same time sending commands to all his lords throughout the kingdom to bring in their portions. Within twenty days, an amount equalling six hundred thousand dollars, besides jewels, was collected at Mexico. Cortes now proceeded to divide this treasure. One fifth part was for the King of Spain; one fifth part for himself; from the balance was to be taken what he, Velasquez, and others, had expended in fitting out the expedition; and then the remainder was to be equally divided among the men, according to their rank. The soldiers were dissatisfied with this division, especially the part given to the King of Spain, who had never aided them in any way in the enterprise; but Cortes managed to pacify them by giving secret presents to some, and offering promises and prospects to all.