On the opposite shore rises the cone of the volcano of Masaya, and the streams of lava that have flowed down to the lake and covered the old precipitous cliffs on that side are plainly visible. The cliff encircles the whole lake, excepting where concealed by the recent lava overflow. At the time of the conquest of Nicaragua, in 1522, the volcano of Masaya was in a state of activity. The credulous Spaniards believed the fiery molten mass at the bottom of the crater to be liquid gold, and through great danger, amongst the smoke and fumes, were lowered down it until, with an iron chain and bucket, they could reach the fiery mass, when the bucket was melted from the chain, and the intrepid explorers were drawn up half dead from amongst the fumes. Since then there have been several eruptions; and so late as 1857 it threw out volumes of smoke, and probably ashes. The whole country is volcanic. For scores of miles every rock is trachytic, and the earth decomposing tufas. The lake itself is like an immense crater with its perpendicular cliffs. I spent some time in making an accurate section of the strata as exposed in the rocky paths leading down to the water. The whole section exposed is 348 feet in height from the surface of the lake to the top of the undulating plain on which Masaya is built. This measurement was kindly given to me by Mr. Simpson, an enterprising American engineer engaged in erecting a steam-pump to raise the water for the supply of the town. At the bottom are seen great cliffs of massive trachyte (Number 1 in section). Above this is an ash bed, then a bed of breccia containing fragments of trachyte, then another bed of cinders, which looks like a rough sandstone, but is pisolitic, and contains pebbles of the size of a bean. This bed is surmounted by one that possesses great interest (Number 5 in section). It is composed of fine tufa, in which is imbedded a great number of large angular fragments of trachyte, some of which are more than three feet in diameter. It is the last bed but one, the surface being composed of lightly coherent strata of tufaceous ash, worn into an undulating surface by the action of the elements.