"legend of the pilgrims"

Once the Pilgrims sailed the high seas their captain told them stories about the terrible pirates and their monster Krakin , who ruthlessly drowns ships and brings for  pirate gold, which he finds there.

Suddenly the ship stopped abruptly. Can hit on reef? Asked one of the sailors. But the captain knew it was not a reef, and they do not sail to new lands, since it was Krakin! 
"Pilgrims died never sailed up the new land!"