His release from prison had been gained by bribery and the promise to open a rich mine of gold in Guiana, but the expedition proved a failure. There was a sharp fight with a party of Spaniards at St. Thomas, in which Raleigh’s son was killed. As for the gold mine, it could not be found, and the expedition was forced to return with none of the hoped-for wealth to show.

And now Raleigh’s misfortunes culminated. He had been sentenced to death for treason in 1603, but had been reprieved. The king had him arrested again on the old charge, and the king of Spain demanded that he should be punished for the attack on St. Thomas in times of peace. James I. did not like Raleigh, and wished to stand well with Spain, so the famous explorer fell a victim to the royal policy and dislike and was beheaded under the old sentence in October, 1618. Since then El Dorado has lain concealed in the mists of legend and romance, though mines of gold have been worked in the region which Raleigh explored.

Historical Tales - The Romance of Reality - Volume III — Part 81

MORGAN, THE FREEBOOTER, AND THE RAID ON PANAMA.

Historical Tales - The Romance of Reality - Volume III — Part 81

During the seventeenth century the Spanish Main was beset with a horde of freebooters or buccaneers, as they called themselves, to whose fierce attacks the treasure-ships bound for Spain were constantly exposed, and who did not hesitate to assail the strongholds of the Spaniards in quest of plunder. They differed from pirates only in the fact that their operations were confined to Spain and her colonies, no war giving warrant to their atrocities. Most ferocious and most successful among these worthies was Henry Morgan, a man of Welsh birth, who made his name dreaded by his daring and cruelty throughout the New-World realms of Spain. The most famous among the deeds of this rover of the seas was his capture of the city of Panama, which we shall here describe.

Historical Tales - The Romance of Reality - Volume III — Part 81

On the 24th of October, 1670, there set sail from the island haunts of the freebooters the greatest fleet which these lawless wretches had ever got together. It consisted of thirty-seven ships, small and large, Morgan’s flag-ship, of thirty-two guns, being the largest, and flying the English standard. The men had gathered from all the abiding-places of their fraternity, eager to serve under so famous a leader as Morgan, and looking for rich spoil under a man whose rule of conduct was, "Where the Spaniards obstinately defend themselves there is something to take, and their best fortified places are those which contain the most treasure."