It happened that one day, while passing through the crooked streets of old Boston, he overheard some sailors talking to each other of a wreck which had just taken place off the Bahamas; that of a Spanish ship, supposed to have much money on board. His adventurous spirit was at once kindled, and getting together a likely crew without loss of time, he set sail for the Bahamas. The wreck being well in shore he easily found it, and succeeded in recovering a great deal of its cargo, but very little money; and the result was that he barely defrayed his expenses. His success had been such, however, as to stimulate his enterprising spirit; and when he was told of another and far more richly laden vessel which had been wrecked near Port de la Plata more than half a century before, he forthwith formed the resolution of raising the wreck, or at all events of fishing up the treasure.

Being too poor, however, to undertake such an enterprise without powerful help, he set sail for England in the hope that he might there obtain it. The fame of his success in raising the wreck off the Bahamas had already preceded him. He applied direct to the Government. By his urgent enthusiasm, he succeeded in overcoming the usual inertia of official minds; and Charles II eventually placed at his disposal the "Rose Algier," a ship of eighteen guns and ninety- five men, appointing him to the chief command.

Phipps then set sail to find the Spanish ship and fish up the treasure. He reached the coast of Hispaniola in safety; but how to find the sunken ship was the great difficulty. The fact of the wreck was more than fifty years old; and Phipps had only the traditionary rumors of the even to work upon. There was a wide coast to explore, and an outspread ocean, without any trace whatever of the argosy which lay somewhere at its bottom. But the man was stout in heart and full of hope. He set his seamen to work to drag along the coast, and for weeks they went on fishing up seaweed, shingle and bits of rock. No occupation could be more trying to seamen, and they began to grumble one to another, and to whisper that the man in command had brought them on a fool's errand.

At length the murmurers gained head, and the men broke into open mutiny. A body of them rushed one day on to the quarter-deck, and demanded that the voyage should be relinquished. Phipps, however, was not a man to be intimidated; he seized the ringleaders, and sent the others back to their duty. It became necessary to bring the ship to anchor close to a small island for the purpose of repairs; and, to lighten her, the chief part of the stores was landed. Discontent still increasing among the crew, a new plot was laid among the men on shore to seize the ship, throw Phipps overboard, and start on a piratical cruise against the Spaniards in the South Seas. But it was necessary to secure the services of the chief ship-carpenter, who was consequently made privy to the plot. This man proved faithful, and a once told the captain of his danger. Summoning about him those whom he knew to be loyal, Phipps had the ship's guns loaded, which commanded the shore, and ordered the bridge communicating with the vessel to be drawn up. When the mutineers made their appearance, the captain hailed them, and told the men he would fire upon them if they approached the stores (still on land), when they drew back; on which Phipps had the stores reshipped under cover of his guns. The mutineers, fearful of being left upon the barren island, threw down their arms and implored to be permitted to return to their duty. The request was granted, and suitable precautions were taken against further mischief. Phipps, however, took the first opportunity of landing the mutinous part of the crew, and engaging other men in their places; but, by the time that he could again proceed actively with his explorations, he found it absolutely necessary to proceed to England for the purpose of repairing the ship. He had now, however, gained more precise information as to the spot where the Spanish treasure-ship had sunk; and, though as yet baffled, he was more confident than ever of the eventual success of his enterprise.

Returned to London, Phipps reported the result of his voyage to the Admirality, who professed to be pleased with his exertions; but he had been unsuccessful, and they would not entrust him with another king's ship. James II was now on the throne, and the Government was in trouble; so Phipps and his golden project appealed to them in vain. He next tried to raise the requisite means by a public subscription. At first he was laughed at; but his ceaseless importunity at length prevailed, and after four years' dinning of his project into the ears of the great and influential—during which time he lived in poverty—he at length succeeded. A company was formed in twenty shares, The Duke of Albemarle, son of General Monk, taking the chief interest in it, and subscribing the principal part of the necessary fund for the prosecution of the enterprise.

Phipps was successful in this undertaking. He started other enterprises and succeeded. He was knighted, and as has been stated, became the founder of one of England's noble families. It should be said, however, that beyond his perseverance, he had but few qualities to commend him. He was coarse, ignorant, and brutal, and had to fly from Massachusetts to save his life from an indignant people.

But true nobility is not that which is conferred by the warrant of a monarch. If as Pope says, "An honest man's the noblest work of God," then the nobles man is the honest man, who with his own clear brain and strong right arm, wins his way up from the humblest walks in life, till by virtue of his manhood, he stands the peer of peers, and by Divine right the equal of all earth's kings.

We hear a great deal about an American aristocracy, but no matter what the wishes of a few people with un-American tastes may be, the only aristocracy that can ever find recognition here, is that of brains and the success born of hones toil.

Ninety-nine out of every hundred of the rich families that are wrongly supposed to constitute our aristocracy at this time, were poor less than fifty years ago. Many of the rich families of fifty years ago are poor to-day; and so fortune varies and changes in this new land. Our true aristocrats are successful men like Peter Cooper, who left the world better for having lived in it. We count among our aristocrats, patriots like Lincoln, and if his descendants emulate his noble example, they too will be ennobled by their countrymen. We reckon Lowell, Longfellow, Whittier, Holmes, Hawthorne, Elisha Howe and George W. Childs among our aristocrats. Andrew Carnegie deserves a place in the same list of American peers, as does Thomas A. Edison.

But after all the true title to nobility is implied in the words "gentleman" and "lady," and with these we need not fear comparison with all the world's titled nobles.