In this voyage Drake had adventured almost all his fortune, which he in vain endeavoured to recover, both by his own private interest, and by obtaining letters from queen Elizabeth; for the Spaniards, deaf to all remonstrances, either vindicated the injustice of the viceroy, or, at least, forbore to redress it.

Drake, thus oppressed and impoverished, retained, at least, his courage and his industry, that ardent spirit that prompted him to adventures, and that indefatigable patience that enabled him to surmount difficulties.  He did not sit down idly to lament misfortunes which heaven had put it in his power to remedy, or to repine at poverty, while the wealth of his enemies was to be gained.  But having made two voyages to America, for the sake of gaining intelligence of the state of the Spanish settlements, and acquainted himself with the seas and coasts, he determined on a third expedition of more importance, by which the Spaniards should find how imprudently they always act, who injure and insult a brave man.

On the 24th of May, 1572, Francis Drake set sail from Plymouth, in the Pascha, of seventy tons, accompanied by the Swan, of twenty-five tons, commanded by his brother John Drake, having, in both the vessels, seventy-three men and boys, with a year’s provision, and such artillery and ammunition, as was necessary for his undertaking, which, however incredible it may appear to such as consider rather his force than his fortitude, was no less than to make reprisals upon the most powerful nation in the world.

The wind continuing favourable, they entered, June 29th, between Guadaloupe and Dominica, and, on July 6th, saw the highland of Santa Martha; then continuing their course, after having been becalmed for some time, they arrived at port Pheasant, so named by Drake, in a former voyage to the east of Nombre de Dios.  Here he proposed to build his pinnaces, which he had brought in pieces ready framed from Plymouth, and was going ashore, with a few men unarmed, but, discovering a smoke at a distance, ordered the other boat to follow him with a greater force.

Then marching towards the fire, which was in the top of a high tree, he found a plate of lead nailed to another tree, with an inscription engraved upon it by one Garret, an Englishman, who had left that place but five days before, and had taken this method of informing him, that the Spaniards had been advertised of his intention to anchor at that place, and that it, therefore, would be prudent to make a very short stay there.

But Drake, knowing how convenient this place was for his designs, and considering that the hazard and waste of time, which could not be avoided, in seeking another station, was equivalent to any other danger which was to be apprehended from the Spaniards, determined to follow his first resolution; only, for his greater security, he ordered a kind of palisade, or fortification, to be made, by felling large trees, and laying the trunks and branches, one upon another, by the side of the river.