Battle in the Bay of Matanzas
Encyclopedia
The Battle in the Bay of Matanzas was a naval battle during the Eighty Years' War in which a Dutch squadron was able to defeat and capture a Spanish treasure fleet
Spanish treasure fleet
The Spanish treasure fleets was a convoy system adopted by the Spanish Empire from 1566 to 1790...

.

In 1628, Admiral Piet Hein
Piet Pieterszoon Hein
Pieter Pietersen Heyn was a Dutch naval officer and folk hero during the Eighty Years' War between the United Provinces and Spain.-Early life:...

, with Witte de With as his flag captain
Flag captain
In the Royal Navy, a flag captain was the captain of an admiral's flagship. During the 18th and 19th centuries, this ship might also have a "captain of the fleet", who would be ranked between the admiral and the "flag captain" as the ship's "First Captain", with the "flag captain" as the ship's...

, sailed out to capture the Spanish treasure fleet
Spanish treasure fleet
The Spanish treasure fleets was a convoy system adopted by the Spanish Empire from 1566 to 1790...

 loaded with silver from their American colonies. With him was Admiral Hendrick Lonck
Hendrick Lonck
Adm. Hendrick Corneliszoon Lonck , a Dutch naval hero, was the first Dutch sea captain to reach the New World.-Early years:...

 and he was later joined by a squadron of Vice-Admiral Joost Banckert
Joost Banckert
Joost van Trappen Banckert was a Dutch Vice Admiral who worked most of his sailing life for the admiralty of Zeeland....

. Part of the Spanish fleet in Venezuela had been warned because a Dutch cabin boy had lost his way on Blanquilla and was captured, betraying the plan, but the other half from Mexico continued its voyage, unaware of the threat. Sixteen Spanish ships were intercepted; one galleon was taken after a surprise encounter during the night, nine smaller merchants were talked into a surrender; two small ships were taken at sea fleeing, four fleeing galleon
Galleon
A galleon was a large, multi-decked sailing ship used primarily by European states from the 16th to 18th centuries. Whether used for war or commerce, they were generally armed with the demi-culverin type of cannon.-Etymology:...

s were trapped on the Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...

n coast in the Bay of Matanzas
Matanzas Province
Matanzas is one of the provinces of Cuba. Major towns in the province include Cárdenas, Colón, Jovellanos and the capital of the same name, Matanzas...

.

After some musket volleys from Dutch sloop
Sloop
A sloop is a sail boat with a fore-and-aft rig and a single mast farther forward than the mast of a cutter....

s their crews surrendered also and Hein captured 11,509,524 guilders of booty in gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...

, silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...

 and other expensive trade goods, as indigo
Indigo
Indigo is a color named after the purple dye derived from the plant Indigofera tinctoria and related species. The color is placed on the electromagnetic spectrum between about 420 and 450 nm in wavelength, placing it between blue and violet...

 and cochineal
Cochineal
The cochineal is a scale insect in the suborder Sternorrhyncha, from which the crimson-colour dye carmine is derived. A primarily sessile parasite native to tropical and subtropical South America and Mexico, this insect lives on cacti from the genus Opuntia, feeding on plant moisture and...

, without any bloodshed. The Dutch didn't take prisoners: they gave the Spanish crews ample supplies for a march to Havana
Havana
Havana is the capital city, province, major port, and leading commercial centre of Cuba. The city proper has a population of 2.1 million inhabitants, and it spans a total of — making it the largest city in the Caribbean region, and the most populous...

. The released were surprised to hear the admiral personally giving them directions in fluent Spanish; Hein after all was well acquainted with the region as he had been confined to it during his internment after 1603. The treasure was the company's greatest victory in the Caribbean.

As a result, the money funded the Dutch army for eight months, allowing it to capture the fortress 's-Hertogenbosch, and the shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....

s enjoyed a cash dividend
Dividend
Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business , or it can be distributed to...

 of 50% for that year. He returned to the Netherlands in 1629, where he was hailed as a hero. Watching the crowds cheering him standing on the balcony of the town hall of Leyden he remarked to the town mayor: "Now they praise me because I gained riches without the least danger; but earlier when I risked my life in full combat they didn't even know I existed." Hein was the first and last to capture such a large part of a Spanish "silver fleet" from the Americas, which were very well-protected.
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