The order came too late.  Wolverstone had seen his six fellows drop overboard after the grapnels were fixed, and then had sped, himself, to the starboard gunwale.  Thence he flung his flaming torch down the nearest gaping scuttle into the hold, and thereupon dived overboard in his turn, to be picked up presently by the longboat from the Arabella.  But before that happened the sloop was a thing of fire, from which explosions were hurling blazing combustibles aboard the Encarnacion, and long tongues of flame were licking out to consume the galleon, beating back those daring Spaniards who, too late, strove desperately to cut her adrift.

And whilst the most formidable vessel of the Spanish fleet was thus being put out of action at the outset, Blood had sailed in to open fire upon the Salvador.  First athwart her hawse he had loosed a broadside that had swept her decks with terrific effect, then going on and about, he had put a second broadside into her hull at short range.  Leaving her thus half-crippled, temporarily, at least, and keeping to his course, he had bewildered the crew of the Infanta by a couple of shots from the chasers on his beak-head, then crashed alongside to grapple and board her, whilst Hagthorpe was doing the like by the San Felipe.

And in all this time not a single shot had the Spaniards contrived to fire, so completely had they been taken by surprise, and so swift and paralyzing had been Blood’s stroke.

Boarded now and faced by the cold steel of the buccaneers, neither the San Felipe nor the Infanta offered much resistance.  The sight of their admiral in flames, and the Salvador drifting crippled from the action, had so utterly disheartened them that they accounted themselves vanquished, and laid down their arms.

If by a resolute stand the Salvador had encouraged the other two undamaged vessels to resistance, the Spaniards might well have retrieved the fortunes of the day.  But it happened that the Salvador was handicapped in true Spanish fashion by being the treasure-ship of the fleet, with plate on board to the value of some fifty thousand pieces.  Intent above all upon saving this from falling into the hands of the pirates, Don Miguel, who, with a remnant of his crew, had meanwhile transferred himself aboard her, headed her down towards Palomas and the fort that guarded the passage.  This fort the Admiral, in those days of waiting, had taken the precaution secretly to garrison and rearm.  For the purpose he had stripped the fort of Cojero, farther out on the gulf, of its entire armament, which included some cannon-royal of more than ordinary range and power.

With no suspicion of this, Captain Blood gave chase, accompanied by the Infanta, which was manned now by a prize-crew under the command of Yberville.  The stern chasers of the Salvador desultorily returned the punishing fire of the pursuers; but such was the damage she, herself, sustained, that presently, coming under the guns of the fort, she began to sink, and finally settled down in the shallows with part of her hull above water.  Thence, some in boats and some by swimming, the Admiral got his crew ashore on Palomas as best he could.