Hereupon the Captain and all the crew set to work, with iron rakes and great hooks and lines, fishing for gold and silver at the bottom of the sea.  Up came the treasure in abundance.  Now they beheld a table of solid silver, once the property of an old Spanish Grandee.  Now they found a sacramental vessel, which had been destined as a gift to some Catholic church.  Now they drew up a golden cup, fit for the king of Spain to drink his wine out of.  Perhaps the bony hand of its former owner had been grasping the precious cup, and was drawn up along with it.  Now their rakes or fishing lines were loaded with masses of silver bullion.  There were also precious stones among the treasure, glittering and sparkling, so that it is a wonder how their radiance could have been concealed.

There is something sad and terrible in the idea of snatching all this wealth from the devouring ocean, which had possessed it for such a length of years.  It seems as if men had no right to make themselves rich with it.  It ought to have been left with the skeletons of the ancient Spaniards, who had been drowned when the ship was wrecked, and whose bones were now scattered among the gold and silver.

But Captain Phips and his crew were troubled with no such thoughts as these.  After a day or two they lighted on another part of the wreck, where they found a great many bags of silver dollars.  But nobody could have guessed that these were money-bags.  By remaining so long in the salt-water, they had become covered over with a crust which had the appearance of stone, so that it was necessary to break them in pieces with hammers and axes.  When this was done, a stream of silver dollars gushed out upon the deck of the vessel.

The whole value of the recovered treasure, plate, bullion, precious stones, and all, was estimated at more than two millions of dollars.  It was dangerous even to look at such a vast amount of wealth.  A sea captain, who had assisted Phips in the enterprise, utterly lost his reason at the sight of it.  He died two years afterwards, still raving about the treasures that lie at the bottom of the sea.  It would have been better for this man, if he had left the skeletons of the shipwrecked Spaniards in quiet possession of their wealth.

Captain Phips and his men continued to fish up plate, bullion, and dollars, as plentifully as ever, till their provisions grew short.  Then, as they could not feed upon gold and silver any more than old King Midas could, they found it necessary to go in search of better sustenance.  Phips resolved to return to England.  He arrived there in 1687, and was received with great joy by the Duke of Albemarle and the other English lords, who had fitted out the vessel.  Well they might rejoice; for they took by far the greater part of the treasure to themselves.