Map of Hispaniola (Hayti and San Domingo) engraved in 1723, showing the buccaneers at their trade of hunting wild cattle. The galleon due north of Port Plate on the north coast is almost exactly in the place where Phips found his treasure.
On the very old map of Hispaniola, reproduced herewith, this place is indicated on the north coast as "Port Plate," and due north of it is the spirited drawing of a galleon which happens to be very nearly in the position of the sunken treasure which the old Spaniard described to Captain Phips. The Rose frigate sailed in search of the reef and explored it with much care but failed to find the wreck. Phips was confident that he was on the right track, however, and decided to return to England, refit and ship a new crew. The riff-raff which he had picked up at Jamaica in place of the mutineers were hardly the lads to be trusted with a great store of treasure on board.
At about this time, Charles II quit his earthly kingdom and it is to be hoped found another kind of treasure laid up for him. James II needed all his warships, and he promptly took the Rose frigate from Captain Phips and set him adrift to shift for himself. A man of less inflexible resolution and courage might have been disheartened, but Phips made a louder noise than ever with his treasure story, and would not budge from London. He was put in jail, somehow got himself out, and stood up to his enemies and silenced them, all the while seeking noble patrons with money to venture on another voyage.
At length, and a year had been spent in this manner, Phips interested the Duke of Albemarle, son of the famous General Monk who had been active in restoring Charles II to the throne of the Stuarts. Several other gentlemen of the Court took shares in the speculation, including a naval man, Sir John Narborough. They put up £2,400 to outfit a ship, and the King was persuaded to grant Phips letters of patent, or a commission as a duly authorized treasure seeker, in return for which favor His Majesty was to receive one-tenth of the booty. To Phips was promised a sixteenth of what he should recover.
This enterprise was conceived in 1686, and was so singularly like the partnership formed ten years later to finance the cruise of Captain Kidd after pirates' plunder that the Earl of Bellomont, Lord Chancellor Somers, the Earl of Shrewsbury, and William III may have been somewhat inspired to undertake this unlucky venture by the dazzling success of the Phips "syndicate."
In a small merchantman called the James and Mary, Captain Phips set sail from England in 1686, having another vessel to serve as a tender. Arriving at Port de la Plata, he hewed out a large canoe from a cotton-wood tree, "so large as to carry eight or ten oars," says Cotton Mather, "for the making of which perigua (as they call it), he did, with the same industry that he did everything else, employ his own hand and adze, and endure no little hardship, lying abroad in the woods many nights together." The canoe was used by a gang of native divers quartered on board the tender. For some time they worked along the edge of a reef called the Boilers, guided by the story of that ancient Spaniard, but found nothing to reward their exertions.
This crew was returning to report to Captain Phips when one of the men, staring over the side into the wonderfully clear water, spied a "sea feather" or marine plant of uncommon beauty growing from what appeared to be a rock. An Indian was sent down to fetch it as a souvenir of the bootless quest, that they might, however, carry home something with them. This diver presently bobbed up with the sea feather, and therewithal a surprising story "that he perceived a number of great guns in the watery world, where he had found the feather; the report of which great guns exceedingly astonished the whole company; and at once turned their despondencies for their ill success into assurances that they had now lit upon the true spot of ground which they had been looking for; and they were further confirmed in these assurances when upon further diving, the Indian fetched up a Sow as they styled it, or a lump of silver worth perhaps two or three hundred pounds. Upon this they prudently buoyed the place, that they might readily find it again; and they went back unto their Captain whom for some while they distressed with nothing but such bad news as they formerly thought they must have carried him. Nevertheless, they so slipped the Sow of silver on one side under the table (where they were now sitting with the Captain, and hearing him express his resolutions to wait still patiently upon the Providence of God under these disappointments), that when he should look on one side, he might see that Odd Thing before him. At last he saw it and cried out with some agony:
"'What is this? Whence comes this?' And then with changed countenance they told him how and where they got it. Then said he, 'Thanks be to God! We are made!' And so away they went, all hands to work; wherein they had this further piece of remarkable prosperity, that whereas if they had first fallen upon that part of the Spanish wreck where the Pieces of Eight had been stowed in bags among the ballast, they had seen more laborious and less enriching times of it. Now, most happily, they first fell upon that room in the wreck where the Bullion had been stored up, and then so prospered in this new fishery that in a little while they had without the loss of any man's life, brought up Thirty Two Tons of silver, for it was now come to measuring silver by tons."