But he had learned some news at the bottom of the sea.
"There are some ship's guns," said he, the moment he had drawn breath, "some great cannon, among the rocks, near where the shrub was growing." No sooner had he spoken than the English sailors knew that they had found the very spot where the Spanish galleon had been wrecked, so many years before.

The other Indian divers immediately plunged over the boat's side and swam headlong down, groping among the rocks and sunken cannon.

In a few moments one of them rose above the water with a heavy lump of silver in his arms.

The single lump was worth more than a thousand dollars.

The sailors took it into the boat, and then rowed back as speedily as they could, being in haste to inform Captain Phips of their good luck.
But, confidently as the captain had hoped to find the Spanish wreck, yet, now that it was really found, the news seemed too good to be true.
He could not believe it till the sailors showed him the lump of silver.
"Thanks be to God!" then cries Captain Phips "We shall every man of us make our fortunes!" Hereupon the captain and all the crew set to work, with iron rakes and great hooks and lines, fishing for gold and silver at the bottom of the sea.