He donned a diving-suit and went below to the sunken galleon.

Silver and gold had been found, but he was sure there were other treasures.

After much searching he found, in a secret place of the captain's cabin, a chest which, on being raised and broken open, was found stocked with pearls, diamonds, and other precious stones.
And now the work was complete, and on board the Bridgwater Merchant was treasure to the sum of three hundred thousand pounds, and more.

Joyfully did Phips raise anchor.

But first he sent to the handful of people in the port a liberal gift of money and wine and provisions from the ship's stores.