Lying at the entrance they found a frigate, which in those days meant a very small craft, not much larger than a rowing boat. She had but one old man on board, who said that the rest of the company had gone ashore, to fight a duel about a quarrel which they had had overnight. He said, too, what was much more important to the English--that, an hour before nightfall, a pinnace had passed him, and that the man who was steering had shouted out that the English were at hand, and that he had better up anchor and go into the port. He said, moreover, that when the pinnace reached Carthagena guns were fired, and he could see that all the shipping hauled in under shelter of the castle.

This was bad news indeed, and there was much hard language among the sailors, when they heard it. It was clear that the castle of Carthagena, if prepared, was not to be carried by some thirty or forty men, however gallant and determined they might be. There was, too, but little hope that the old man had spoken falsely, for they had themselves heard guns, shortly before their arrival there. With much bitterness, it was determined to abandon the plan of attack; and thus Carthagena, as well as Nombre de Dios, escaped from the hands of the English.

They did not, however, go out empty handed; for they succeeded in capturing, by boarding, four pinnaces, each laden with cargo; and as they turned their heads to go out to sea, a great ship of Seville came sailing in. Her they laid alongside and captured easily, she having just arrived from Spain, having no thoughts of meeting a foe, just as she reached her port of destination.

This lightened the hearts of the crew, and with their prizes in tow, they sailed out in good spirits. The ship contained large stores of goods from Spain, with sherries, and merchandise of every kind. They went back to the Isle of Pines, their usual rendezvous, and on adding up the goods that they had taken from various prizes, found that, even now, they had made no bad thing of their voyage.

They were now much reduced in fighting strength by illness, and Captain Drake determined in his mind that the crews were no longer strong enough for the manning of two ships, and that it would be better to take to one, alone. He knew, however, that even his authority would not suffice to persuade the sailors to abandon one of the vessels, for sailors have a great love for their ships. He therefore determined to do it by a sudden stroke, and that known only to himself and another. Therefore he called to him Thomas Moore, the carpenter of the Swanne; and, taking him aside, told him to make auger holes in the bottom of that ship. Moore, who was a good sailor, made a great resistance to the orders; but upon the admiral assuring him that it was necessary, for the success of the enterprise, that one of the ships should be destroyed, he very reluctantly undertook the task.

Previous to this Captain Drake had ordered all the booty, and a considerable portion of the stores of both ships, to be hauled on shore; so that they might lose nothing of value to them.

The next morning, Ned and his friends were sitting on the bulwark of the vessel, watching the fish playing about in the depths of the clear blue water.

"We seem to be lower in the water than usual," Ned said. "Does not it seem to you that we are not so high above the sea as we are wont to be?"

The others agreed that the vessel had that appearance; but as it seemed clearly impossible that it should be so, especially when she was lighter than usual, they thought that they must be mistaken, and the subject was put aside. Half an hour later Captain Drake himself, rowing alongside, called to his brother, who came to the side.

"I am going to fish," he said; "are you disposed to come, also?"