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Where the revenues and industries of a country can be concentrated into a few treasure-ships, like the flota of Spanish galleons, the sinew of war may perhaps be cut by a stroke; but when its wealth is scattered in thousands of going and coming ships, when the roots of the system spread wide and far, and strike deep, it can stand many a cruel shock and lose many a goodly bough without the life being touched.

In one way the capture of Campeache had touched Spain in her most vulnerable spot. The Mexican Flota, which was scheduled to sail from Havana in June 1663, refused to stir from its retreat at Vera Cruz until the galleons from Porto Bello came to convoy it. The arrival of the American treasure in Spain was thus delayed for two months, and the bankrupt government put to sore straits for money.

When, as sometimes happened, the Flota did not sail, two ships of 600 or 700 tons were sent by the King of Spain to Vera Cruz to carry the quicksilver necessary for the mines. The metal was divided between New Spain and Peru by the viceroy at Mexico, who sent via Gautemala the portion intended for the south.

The Flota or Mexican fleet, consisting in the seventeenth century of two galleons of 800 or 900 tons and from fifteen to twenty merchantmen, usually left Cadiz between June and July and wintered in America; but if it was to return with the galleons from Havana in September it sailed for the Indies as early as April. The course from Spain to the Indies was the same as for the fleet of Terra-Firma.

Here it was determined to go to the isle of Savona, to wait for the flota then expected from Spain, and take any of the Spanish vessels straggling from the rest. This resolution being taken, they began aboard the great ship to feast one another for joy of their new voyage, and happy council, as they hoped: they drank many healths, and discharged many guns, the common sign of mirth among seamen.

In these regions the corsairs waited to pick up stray Spanish merchantmen, and watched for the coming of the galleons or the Flota. When the buccaneers returned from their cruises they generally squandered in a few days, in the taverns of the towns which they frequented, the wealth which had cost them such peril and labour.

That action which rendered him famous was his taking the vice-admiral of the Spanish flota, near the Cape of Tiburon, on the west side of Hispaniola; this he performed with only one boat, and twenty-eight men.

That, if the inward and outward bound flota should escape, still France has more and better means of dissevering many of the provinces in the West and East Indies from the state of Spain than Holland had, when she succeeded in the same attempt.

If the Flota sailed from Spain in July it generally arrived at Vera Cruz in the first fifteen days of September, and the ships were at once laid up until March, when the crews reassembled to careen and refit them.

The fleet generally required about eight days for the journey, and arrived at Havana late in the summer. Here the galleons refitted and revictualled, received tobacco, sugar, and other Cuban exports, and if not ordered to return with the Flota, sailed for Spain no later than the middle of September.