Precious property to the value of six million sterling was hurried into the fortress of Lima for safe keeping and after the capture of the city by the army of liberation, Lord Dundonald, the English Admiral in command of the Chilian fleet assisting the revolutionists, offered to let the Spanish governor depart with two-thirds of this treasure if he would surrender the remainder and give up the fortifications without a fight. The Peruvian liberator, San Martin, set these terms aside, however, and allowed the Spanish garrison to evacuate the place, carrying away the six million sterling. This immense treasure was soon scattered far and wide, by sea and land. It was only part of the riches dispersed by the conquest of San Martin and his patriots. The people of Lima, hoping to send their fortunes safe home to Spain before the plundering invaders should make a clean sweep, put their valuables on board all manner of sailing vessels which happened to be in harbor, and a fugitive fleet of merchantmen steered out from the hostile coast of Peru, the holds piled with gold and silver, the cabins crammed with officials of the state and church and other residents of rank and station. At the same time there was sent to sea the treasure of the great cathedral of Lima, all its jeweled chalices, monstrances, and vestments, the solid gold candle-sticks and shrines, the vast store of precious furniture and ornaments, which had made this one of the richest religious edifices of the world.

There had not been so much dazzling booty afloat at one time since the galleon plate fleets were in their heyday during the sixteenth and seventeenth centuries. In 1820 there were no more of those great buccaneers and gentlemen adventurers who had singed the beard of the King of Spain in the wake of Francis Drake. They had sailed and fought and plundered for glory as well as gain, or for revenge as much as for doubloons. Their successors as sea rovers were pirates of low degree, base wretches of a sordid commercialism who preyed on honest merchant skippers of all flags, and had little taste for fighting at close quarters. The older race of sea rogues had been wolves; the pirates of the early nineteenth century were jackals.

Many a one of these gentry got wind of the fabulous treasure that had been sent afloat from Lima, and there is no doubt that much of it failed to reach Spain. While in some instances, these fleeing ships were boarded and scuttled by pirate craft, in others the lust of gold was too strong for the seamen to whom the rare cargoes had been entrusted, and they rose and took the riches away from their hapless passengers. It has been believed by one treasure seeking expedition after another, even to this day, that Captain Thompson of the British trading brig, Mary Dear received on board in the harbor of Lima as much as twelve million dollars' worth of gold and silver, and that he and his crew, after killing the Spanish owners, sailed north in the Pacific and buried the booty on Cocos Island.

Captain Thompson somehow escaped and joined a famous pirate of that time, Benito Bonito, who accumulated a large treasure which he also buried on Cocos Island. The British Admiralty records show that Bonito was overhauled in his turn by the frigate Espiegle and that rather than be hanged in chains, he very handsomely blew out his brains on his own deck.

This same treasure of Lima, or part of it, furnished the foundation of the story belonging to the volcanic islet of Trinidad in the South Atlantic. One version of this is that the pirates who chose this hiding-place had been the crew of a fast English schooner in the slave trade. While at sea they disposed of their captain by the unpleasant method of pinning him to the mainmast with a boarding pike through his vitals. Then the black flag was hoisted and with a new skipper they stood to the southward, finding a great amount of plunder in a Portuguese ship which had on board a "Jew diamond dealer" among other valuable items. After taking an East Indiaman, and other tempting craft, they buried the total proceeds on the desolate, uninhabited island of Trinidad, intending to return for it before the end of the cruise.

Unfortunately, for the successful pirates, they ran afoul of a heavily armed and manned merchant vessel which shot away their rudder, tumbled their spars about their rascally ears, boarded them with great spirit and determination, and clapped the shackles on the twenty gentlemen of fortune who had survived the engagement. These were carried into Havana and turned over to the Spanish authorities who gleefully hanged nineteen, not twenty, mark you, for one had to make a marvelous escape in order to hand down the secret of the treasure to posterity. This survivor died in bed in England at a very great age, so the story runs, and of course he had a chart to set the next generation to digging.

The earlier statements of this narrative may be cast aside as worthless. The real, true pirate of Trinidad was not in the slave schooner which captured the "Jew diamond dealer" of the Portuguese ship. An odd confusion of facts caused the mistake. While Benito Bonito was harrying the Spanish shipping of the Pacific and burying his treasure on Cocos Island, there was on the Atlantic a bloodthirsty pirate by the name of Benito de Soto. He was a Spaniard who sailed out of Buenos Aires in the year 1827, bound to Africa to smuggle a cargo of slaves. The crew was composed of French, Spanish, and Portuguese desperadoes, and led by the mate and De Soto they marooned the captain and ran away with the ship on a pirate voyage. They plundered and burned and slaughtered without mercy, their most nefarious exploit being the capture of the British merchant ship Morning Star, bound from Ceylon to England in 1828, and carrying as passengers several army officers and their wives and twenty-five invalided soldiers. After the most fiendish conduct, De Soto and his crew, drove the survivors into the hold of the Morning Star, and fastened the hatches, leaving the vessel to founder, for they had taken care to bore numerous auger holes in her bottom. By a miracle of good fortune, the prisoners forced the hatches and were taken off next day by a passing vessel.

Benito de Soto met his end as the result of being wrecked in his own ship off the Spanish coast. He was caught in Gibraltar and hanged by the English Governor. An army officer who saw him turned off related that he was a very proper figure of a pirate, "there was no driveling fears upon him,—he walked firmly at the tail of the fatal cart, gazing sometimes at his coffin, sometimes at the crucifix which he held in his hand. This he frequently pressed to his lips, repeated the prayers spoken in his ear by the attendant clergyman, and seemed regardless of everything but the world to come. The gallows was erected beside the water, and fronting neutral ground. He mounted the cart as firmly as he had walked behind it, and held up his face to Heaven and the beating rain, calm, resigned, but unshaken; and finding the halter too high for his neck, he boldly stepped upon his coffin, and placed his head in the noose. Then watching the first turn of the wheels, he murmured, 'farewell, all,' and leaned forward to facilitate his fall ... The black boy was acquitted at Cadiz, but the men who had fled to the Caracas, as well as those arrested after the wreck, were convicted, executed, their limbs severed and hung on iron hooks, as a warning to all other pirates."

This Benito, who died so much better than he had lived, was not hanged at Havana, it will be perceived, and the version of the Trinidad treasure story already outlined is apparently a hodgepodge of the careers of Benito de Soto, and of Benito of Cocos Island, with a flavor of fact in so far as it refers to the twenty pirates who were carried to Cuba to be strung up, or garroted. The Spanish archives of that island record that this gang was executed and that they had been found guilty of plundering ships sailing from Lima shortly after the city had been entered by the revolutionists. Their association with the island of Trinidad is explained herewith as it was told to E. F. Knight, an Englishman, who organized and commanded an expedition which sailed in search of the treasure in 1889.

There was at that time near Newcastle, England, a retired sea captain who had been in command of an East Indiaman engaged in the opium trade in the years 1848 to 1850. "The China seas were then infested by pirates," said Mr. Knight's informant, "so that his vessel carried a few guns and a larger crew than is usual in these days. He had four quarter-masters, one of whom was a foreigner. The captain was not sure of his nationality but thought he was a Finn. On board the vessel the man went under the name of 'The Pirate' because of a deep scar across his cheek which gave him a somewhat sinister appearance. He was a reserved man, better educated than the ordinary sailor, and possessing a good knowledge of navigation.