"Our disappointments have been many," he replied, in a calm and resolute tone. "Yet I do not despair. I am determined to wait patiently on God's providence. We will find the treasure-ship yet, my lads. Do not lose courage."

Turning his gaze to one side as he spoke, he started violently, and then asked, in a tone so constrained that it seemed the voice of agony,—

"Why, what is this? Whence comes this?"

He had caught sight of the sow of silver, which they had cunningly laid a little out of direct vision.

"It is silver, Captain Phips," said the spokesman. "We did but jest with you. That came from the bottom of the sea. All is well; we have found the treasure-ship."

"Then, thanks be to God, we are made!" cried the captain, clasping his hands in fervent thankfulness.

There was no longer any lack of energy in the labor. All hands went to work with a hearty good-ill. Curiosity to learn what the sea had to yield wrought upon them as much as desire for reward. Up came the silver, sow after sow. In a short time they had brought up no less than thirty-two tons of this precious metal, with six tons besides that were raised and appropriated by a Captain Adderly, of Providence, whom Phips had engaged to help him, and who took this means of helping himself. His crew was small, but his diligence great.

The silver was not all in sows. Much of it was coined, and this coined silver was, in many cases, covered with a crust, several inches thick, of limestone-like material. It came out in great lumps, the crust needing to be broken with iron tools, when out would tumble whole bushels of rusty pieces of eight, Nor was the treasure confined to silver. There came up gold in large quantities, and also pearls and other precious stones. The Spaniards had gleaned actively in those days of old, when the treasures of Peru were theirs for the taking; and the ocean, its secret hiding-place once found, yielded generously. In short, the treasure recovered is said to have been worth nearly three hundred thousand pounds sterling. They did not exhaust the deposit. Their provisions failed, and they had to leave before the work was completed. Others who came after them were well paid for their labor.

The treasure on board, Captain Phips had new trouble. The men, seeing "such vast litters of silver sows and pigs come on board," were not content with ordinary sailors' pay. They might even be tempted to seize the ship and take its rich lading for themselves. Phips was in great apprehension. He had not forgotten the conduct of his former crew. He did his utmost to gain the friendship of his men, and promised them a handsome reward for their services, even if he had to give them all his own share.

England was reached in safety, and the kingdom electrified by the story of Captain Phips's success. The romantic incidents of the narrative attracted universal attention. Phips was the hero of the hour. Some of his enemies, it is true, did their utmost to make him a wronged hero. They diligently sought to persuade James II., then on the throne, to seize the whole treasure as the appanage of the crown, and not be content with the tithe to which his prerogative entitled him. James II. was tyrannical but not unjust. He refused to rob the mariners. "Captain Phips," he said, "he saw to be a person of that honesty, ability, and fidelity that he should not want his countenance."