In the _Mere Honour's_ state-cabin the Admiral of the expedition formally embraced and thanked his Captain, whose service to the common cause had been so great. It was, indeed, of magnitude. Not many hours had passed between the frenzy of battle and this sunshiny morning; but time had been made and strength had been found to look to the cargo of the _San José_". If wealth be good, it was worth the looking to, for not the _Cacafuego_ had a richer lading. Gold and silver, ingots and bars and wrought images, they found, and a great store of precious stones. To cap all fortune, there was the galleon's self, a great ship, seaworthy yet, despite the wounds of yesterday, mounting many guns, well supplied with powder, ammunition, and military stores, English now in heart, and lacking nothing but an English name. This they gave her that same day. In the smoke and thunder of every cannon royal within the fleet _San José_" vanished, and in his place arose the _Phoenix_. Exultant, flushed, many of them bearing wounds, the officers of the expedition and the gentlemen adventurers who had staked with them crowded the cabin of the _Mere Honour_. The sunshine streaming through the windows showed in high light bandaged heads or arms and faces haggard with victory. Wine had been spilled, and in the air there was yet the savor of blood. About each man just breathed some taint of savagery that was not yet beaten back after yesterday's wild outburst and breaking of the bars. In some it took the form of the sleek stillness of the tiger; others were loud-voiced, restless, biting at their nails. Only to a few was it given to bear triumph soberly, with room for other thoughts; to the most it came as a tumultuous passion, an irrational joy, a dazzling bandage to their eyes, beneath which they saw, with an inner vision, wealth a growing snowball and victory their familiar spirit. Among the adventurers from the _Cygnet_ there was, moreover, an intoxication of feeling for the man who had led them in that desperate battle, whose subtle gift it was to strike fire from every soul whose circle touched his own. He was to them among ten thousand the Captain of their choice, not loved the least because of that quality in him which gave ever just the praise which bred strong longing for desert of fame. Now he stood beside the Admiral, and spoke with ardor of the Englishmen who had won that fight, and very tenderly of the dead. They were not a few, for the battle had been long and doubtful. Simply and nobly he spoke, giving praise to thirsty souls. When he had made an end, there was first a silence more eloquent than speech, pregnant with the joy a man may take in his deed when he looks upon it and sees that it is good; then a wild cheer, thrice repeated, for Sir Mortimer Ferne. The name went out of the windows over the sea, and up to every man who sailed the ship. One moment Ferne stood, tasting his reward; then, "Silence, friends!" he said. "To God the victory! And