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Lord Carteret had given him a picture of her, and as soon as peace was made he started for England; but he never reached that country. The remnant of the Swedish fleet lay in the roadstead at Göteborg, under the guns of the two forts, New and Old Elfsborg. While Tordenskjold was away at Marstrand, the enemy sallied forth and snapped up seven of the smaller vessels of his blockading fleet.

The Danes had occupied two important Swedish cities, Calmar and Elfsborg, and being determined to utilize their advantages to the full, repelled all overtures for peace. It was of no avail that Gustavus renounced his title of King of the Laplanders, the assumption of which by his father had been one of the causes of the war.

But the enemy, being probably informed of his approach, saw that their opportunity for capturing the capital was gone, and returned again to their own coast. Negotiations were now resumed and peace was concluded in 1613. The Danes were to surrender Calmar immediately and Elfsborg at the end of six years; the Swedes agreeing to pay a war indemnity of one million thalers.

The news made him furious. He sent in, demanding them back at once, "or I will come after them." He had already made one ineffectual attempt to take New Elfsborg that cost him dear. In Göteborg they knew the strength of his fleet and laughed at his threat. But it was never safe to laugh at Tordenskjold.

He built forts on the Schuylkill and worried the Dutch out of the fur trade. He also built a fort called Nya Elfsborg, afterward Elsinboro, on the Jersey side below Salem. By means of this fort he was able to command the entrance to the river and compelled every Dutch ship to strike her colors and acknowledge the sovereignty of Sweden.

As the Swedes now controlled it by their three forts, not a Dutch ship could reach Fort Nassau without being held up at Fort Elfsborg or at Fort Christina or at the fort at Tinicum. It was a humiliating situation for the haughty spirit of the Dutch governor.