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At length, being within view of Panama, they left all frequented roads, for fear of being discovered, and posted themselves in a grove near the way between Panama and Nombre de Dios; then they sent a Symeron in the habit of a negro of Panama, to inquire on what night the recoes, or drivers of mules, by which the treasure is carried, were to set forth.

At length, after a laborious march of more than seven leagues, they began to hear the hammers of the carpenters in the bay, it being the custom, in that hot season, to work in the night; and, in a short time, they perceived the approach of the recoes, or droves of mules, from Panama.

Drake then ordered his men to lie down in the long grass, about fifty paces from the road, half on one side, with himself, and half on the other, with Oxenham and the captain of the Symerons, so much behind, that one company might seize the foremost recoe, and the other the hindermost; for the mules of these recoes, or drivers, being tied together, travel on a line, and are all guided by leading the first.

In a short time, one of the recoes, that were passing towards Venta Cruz, came up, and was eagerly seized by the English, who expected nothing less than half the revenue of the Indies; nor is it easy to imagine their mortification and perplexity, when they found only two mules laden with silver, the rest having no other burden than provisions.