A great fleet, to be sure, had recently arrived, splendidly laden, from
the West Indies, as already stated. Pagan slaves, scourged to their
dreadful work, continued to supply to their Christian taskmasters the
hidden treasures of the New World in exchange for the blessings of the
Evangel as thus revealed; but these treasures could never fill the
perpetual sieve of the Netherland war, rapidly and conscientiously as
they were poured into it, year after year.

The want of funds in the royal exchequer left the soldiers in Flanders
unpaid, and as an inevitable result mutiny admirably organized and calmly
defiant was again established throughout the obedient provinces. This
happened regularly once a year, so that it seemed almost as business-like
a proceeding for an Eletto to proclaim mutiny as for a sovereign to
declare martial law. Should the whole army mutiny at once, what might
become of the kingdom of Spain?

Moreover, a very uneasy feeling was prevalent that, as formerly, the
Turks had crossed the Hellespont into Europe by means of a Genoese
alliance and Genoese galleys, so now the Moors were contemplating the
reconquest of Granada, and of their other ancient possessions in Spain,
with the aid of the Dutch republic and her powerful fleets.--[Grotius,
xv. 715]

The Dutch cruisers watched so carefully on the track of the homeward-
bound argosies, that the traffic was becoming more dangerous than
lucrative, particularly since the public law established by Admiral
Fazardo, that it was competent for naval commanders to hang, drown, or
burn the crews of the enemy's merchantmen.