The band takes refuge in a small cottage and Captain Murray succumbs to his wounds. The rest are taken unawares by a band of Spanish guerrillas led by Commandante Teresa Moreno and Major Blas Vivar. The groups unite and they encounter the Parkers, a Methodist missionary couple, and their niece.
When Sharpe finally reports back to Wellesley, the general expresses his disappointment that Sharpe did not find Rothschild, Sharpe pulls the wig off "Mrs. Parker" who is the banker in disguise.
Rothschild, amused, asked what gave him away. Sharpe explained he had heard the man speak Yiddish when he thought Sharpe asleep, he refused the pork offered for a meal, and he smelled of tobacco not available in Spain. Rothschild applauded and presented Wellesley with his bank draft.