Morgan, upon the reception of this letter, summoned all his men to meet in the market-place of Maracaibo. He submitted the question to them whether they would avail themselves of this offer, and thus escape with their lives, or run the risk of a battle with the Spanish squadron. The vote was unanimous that they would rather shed the last drop of blood they had, than give up the treasure they had obtained at the expense of so much danger and suffering. One of the pirates stepped forward, and said:

“Captain Morgan, I will undertake, with twelve men, to destroy the largest of those ships. I will convert the large vessel we captured up the river into a fire-ship. We will fill her full of the most combustible matter. Then we will place images of men around, and sham guns, made of logs of wood, at the port-holes, and unfurl the English flag. The crew of the admiral’s ship, not doubting that we are bearing down to give them battle, will not think of attempting to escape. We will run directly upon the Magdalen, throw our grappling-irons aboard, and, when both ships are instantly wrapped in flames, will, in the confusion, take to our boats, and reach some vessel near by.”

The proposition was accepted with general acclaim. Still Morgan decided to make one more effort to escape without the peril and inevitable loss of a battle. Even should it utterly fail, he would gain time to prepare for the attack by the fire-ship. He therefore sent two of his prisoners to Espinosa, with this announcement:

“If the vice-admiral will pledge his honor that I may retire without being attacked, I will abandon Maracaibo, without burning the town or exacting any ransom. I will also set at liberty all the Spanish prisoners I have taken. The hostages I hold from Gibraltar shall be sent home, without exacting the ransom which was promised.” The admiral replied:

“I will listen to no terms of accommodation different from those which I have proposed. If the prisoners and the booty are not voluntarily surrendered to me within two days, I will advance to your destruction.”

In the mean time all hands were at work constructing the fire-ship. All the pitch, tar, and brimstone in the city were collected. Dried palm-leaves were gathered, in vast numbers, and smeared over with tar. Packages, containing several pounds of powder, were scattered through the loose mass. New port-holes were cut to let the air in to fan the flames. Many images of men were stationed along the decks, with caps on their heads and armed with muskets and pikes. The ship was so disguised that no one would doubt that it was a war-ship. From such the admiral of the Spanish fleet would surely make no effort to escape.

All things being ready, Morgan exacted an oath from every man that he would fight to the last drop of his blood; that he would neither give nor take quarter. The Spanish fleet had passed through the strait to the entrance of the lake, and was riding at anchor just above the fort, which it will be remembered they had occupied, strengthened, and strongly garrisoned. Thus the pirates, before they could escape into the Gulf of Venezuela, must not only destroy the fleet, but also sail by the fort exposed to the terrible cannonade of its heavy ordnance.

On the evening of April 30th, 1669, Morgan spread his sails, and ran down the lake until he came in sight of the foe. Darkness was then coming on and he cast anchor. The morning of the first of May dawned cloudless, over those vast solitudes of land and water, where a few adventurers from a distance of nearly ten thousand miles had met to crimson the waves with their blood, and to cause forest and lake and mountain to resound with the thunders of their demoniac fightings.

With the first gleam of light in the east, Morgan’s fleet weighed its anchors and spread its sails. A fresh breeze from the south swelled their canvas. The fire-ship, with its wooden men and wooden guns, and which was prepared in an instant to flame into a volcano, bore down upon the Magdalen. Promptly the crew cleared the decks for action. Little did they dream of the foe whose resistless fury they were to encounter.

The fire-ship ran with a crash against the Spanish frigate. The boat of escape was ready with the men at the oars. The torch was applied at several places to make certainty doubly certain. The boat pushed off with rapid strokes, and scarcely one single moment elapsed before both ships were enveloped in densest smoke and flashing, consuming flame.