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Before his arrival at the Bastimentos, near Porto-Bello, the treasure, consisting of above six millions sterling, had been unloaded and carried back to Panama, in pursuance of an order sent by an advice-boat which had the start of Hosier. This admiral lay inactive on that station, until he became the jest of the Spaniards.

The trade is carried on in this manner: The ship from Jamaica, having taken in negroes and a proper sortement of goods there, proceeds in time to the place of a harbour called the Groute within the Monkey-key, about four miles from Porto-Bello, and a person who understands Spanish is directly sent ashore to give the merchants of the town notice of the arrival of the vessel.

The four caravels were full of worm-holes, and one of them had to be left behind at Bethlehem. On Easter day the admiral put to sea, but scarcely had he gone ninety miles before a leak was discovered in one of the ships; it was necessary to steer for the coast with all speed, and happily Porto-Bello was reached in safety, where the ship was abandoned, her injuries being irreparable.

"Never-imagined joy in England, and fame to Vernon, when the news came: 'Took it with Six Ships, cry they; 'the scurvy Ministry, who had heard him, in the fire of Parliamentary debate, say Six, would grant him no more: invincible Vernon! Nay, next Year, I see, 'London was illuminated on the Anniversary of Porto-Bello: day settled in permanence as one of the High-tides of the Calendar, it would appear.

And indeed had the cipher of tar-barrels burnt, and of ale-barrels drunk, and the general account of wick and tallow spent in illuminations and in aldermanic exertions on the matter, been accurately taken, one doubts if Porto-Bello sold, without shot fired, to the highest bidder, at its floweriest, would have covered such a sum.

"Tuesday Evening, 1st December, 1739, Admiral Vernon, our chosen Anti-Spaniard, finding, a while ago, that he had missed the Azogue Ships on the Coast of Spain, and must try America and the Spanish Main, in that view arrives at Porto-Bello.

Their colony was doubtless a very dangerous encroachment upon the Spaniards, as it would have commanded the passage between Porto-Bello and Panama, and divided the Spanish empire in America. The French king complained of the invasion, and offered to supply the court of Madrid with a fleet to dislodge the interlopers.

Since the galleons have ceased going to Porto-Bello, and the French have carried on the trade of supplying the coast of the South Sea with European commodities, Arica has been the most considerable mart of all this coast, and to which the merchants of the five above-mentioned rich, towns resort.

The English sent off, last year, a scanty Expedition, "six ships of the line," only six, under Vernon, a fiery Admiral, a little given to be fiery in Parliamentary talk withal; and these did proceed to Porto-Bello on the Spanish Main of South America; did hurl out on Porto-Bello such a fiery destructive deluge, of gunnery and bayonet-work, as quickly reduced the poor place to the verge of ruin, and forced it to surrender with whatever navy, garrison, goods and resources were in it, to the discretion of fiery Vernon, who does not prove implacable, he or his, to a petitioning enemy.

He evidently was possessed of admirable nerve and decision, and did not hesitate to make an ascent from the Porto-Bello Gardens in face of strong wind blowing sea-wards, and in spite of many protestations from the onlookers that he was placing himself in danger.