what such an aspect as this did Sir William Phips present when he
sat in Grandfather's chair after the king had appointed him governor
of Massachusetts. Truly there was need that the old chair should be
varnished and decorated with a crimson cushion, in order to make it
suitable for such a magnificent-looking personage.

But Sir William Phips had not always worn a gold-embroidered coat, nor
always sat so much at his ease as he did in Grandfather's chair. He was
a poor man's son, and was born in the province of Maine, where he used
to tend sheep upon the hills in his boyhood and youth. Until he had
grown to be a man, he did not even know how to read and write. Tired
of tending sheep, he next apprenticed himself to a ship-carpenter, and
spent about four years in hewing the crooked limbs of oak-trees into
knees for vessels.

In 1673, when he was twenty-two years old, he came to Boston, and soon
afterwards was married to a widow lady, who had property enough to set
him up in business. It was not long, however, before he lost all the
money that he had acquired by his marriage, and became a poor man again.
Still he was not discouraged. He often told his wife that, some time or
other, he should be very rich, and would build a "fair brick house" in
the Green Lane of Boston.

Do not suppose, children, that he had been to a fortune-teller to
inquire his destiny. It was his own energy and spirit of enterprise, and
his resolution to lead an industrious life, that made him look forward
with so much confidence to better days.

Several years passed away, and William Phips had not yet gained the
riches which he promised to himself. During this time he had begun to
follow the sea for a living. In the year 1684 he happened to hear of a
Spanish ship which had been cast away near the Bahama Islands, and which
was supposed to contain a great deal of gold and silver. Phips went to
the place in a small vessel, hoping that he should be able to recover
some of the treasure from the wreck. He did not succeed, however, in
fishing up gold and silver enough to pay the expenses of his voyage.

But, before he returned, he was told of another Spanish ship, or
galleon, which had been east away near Porto de la Plata. She had now
lain as much as fifty years beneath the waves. This old ship had been
laden with immense wealth; and, hitherto, nobody had thought of the
possibility of recovering any part of it from the deep sea which was
rolling and tos